One of the more popular citizenship by investment programs as of late is Turkey's. The least expensive of the application's seven different investment options is to purchase $400,000 worth of real estate, according to the official government website.
Many countries worldwide offer citizenship by investment programs, including but not limited to Spain, Portugal, Malta, Greece, Vanuatu, Grenada, St. Kitts and Nevis, and Dominica, among others.
There are many reasons for an individual to consider acquiring alternative citizenship. Most of them tie around three things: enhanced global mobility, a heightened sense of security in times of political conflict and socioeconomic unrest, and access to better healthcare facilities and a higher quality of life.
Global Citizen Solutions is a leading investment migration consultancy firm, working with fifteen countries offering citizenship by investment programs. At the heart of our firm is our belief that everybody deserves the opportunity to enjoy global mobility and unparalleled freedoms associated with owning a second passport.
Our specialists are on hand to assist you in your journey to seeking a second passport and acquiring citizenship. We can guide you to the best option under confidentiality. Simply fill out the form below, and our team will get back to you with your request.
Many countries offer CBI schemes, but few offer the perfect combination of a low investment threshold, a high-ranking passport, and a quick pathway to citizenship. According to Forbes, the five best countries offering CBI are St. Kitts and Nevis, Grenada, Malta, Portugal, and New Zealand.
It is a good idea to seek assistance when lodging your CBI application. Many companies like Global Citizen Solutions offer a one-stop-shop for investment migration and relocation services, providing bespoke residence and citizenship solutions.
Several countries would make excellent investment destinations for global citizens interested in acquiring citizenship in a second nation. Deciding which citizenship by investment program is the best depends on your personal, financial, and business goals.
If you are interested in a Caribbean passport, countries to keep an eye are Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia. All five nations offer respected and solid Citizenship by Investment programs. They are all relatively affordable and have flexible requirements. The best program for you depends on your specific circumstances, as you can see in our Caribbean Comparison Guide.
For wealthier individuals in countries with few visa-free travel options, it can mean far more freedom to travel, live, and earn more abroad. For example, my friends from South Africa can visit only 100 countries without a visa, whereas I can visit 185 as an American. Worse, they received roughly half the paycheck my wife did for the same job with the same employer there.
Yet another Caribbean nation offering citizenship by investment, Saint Kitts and Nevis recently adjusted their program to attract more foreign money after a particularly costly series of hurricanes.The Saint Kitts and Nevis passport now offers visa-free travel to 157 countries after the nation went out of its way to sign additional treaties over the last few years. This makes it one of the better Caribbean passports to hold.
That acreage leaves plenty of beachfront to choose from if you opt to buy citizenship here. The Vanuatu Contribution Programme costs $130,000 for a single person, or $150,000 for a married couple Each additional dependent costs $15,000. Also, applicants must have a net worth of at least $250,000.
You can alternatively apply for permanent residency if you own property in Vanuatu worth at least $100,000, or you can prove a monthly income of at least $2,500. After ten years, you can then apply for citizenship.
While Bulgaria requires greater investment than most countries offering golden visas, the low cost of living helps offset the high investment requirement. Bulgaria offers a low cost of living and full citizenship after you obtain permanent, not just residency, with no language or history tests required.
Alternatively, Bulgaria offers a fast-track option to receive citizenship in two years. It requires you to double your initial investment after receiving permanent residency, which usually means investing another 500,000 BGN in your Bulgarian business or another million BGN in an approved Bulgaria investment fund.
Cyprus no longer allows residents to buy citizenship, but you can apply through the standard naturalization process. It requires a language and cultural test, five years of legal residency, and a full year of remaining on the island. While Cyprus is an E.U. member nation, it is not a member of the Schengen Area, so Cyprian residents cannot live indefinitely in other Schengen states.
However, Andorra is not a member of the E.U. And while it offers expedited travel to many countries, including a one-day visa for any Schengen Area country, residency here provides almost no completely visa-free travel.
Portugal is a member of both the E.U. and the Schengen Area, so residents gain free access to roam most of Europe. Residents can also apply for citizenship after five years, although to obtain it, they must pass a Portuguese history test in Portuguese.
If the idea of moving abroad is truly calling your name, here are some of the best places where you can obtain citizenship and a few of the top-line details about what it will take to secure that coveted second passport.
The tiny Caribbean island of Dominica also welcomes foreigners to its beautiful shores and is considered to be one of the best countries for citizenship by investment, since citizenship is extended to your spouse, dependent children and dependent parents or grandparents and can also be passed on to future generations. Applicants need to either make a contribution to the Economic Diversification Fund or invest in luxury and sustainable hotels and resorts.
With a passport from Grenada, you can get visa-free access to many countries, including China. There are two different ways to obtain citizenship, including a $150,000 contribution to the country's National Transformation Fund via the Grenadian Citizenship-by-Investment Program or by buying approved real estate with a minimum value of $350,000
Citizenship by Investment (CIP): These are programs where you can literally pay a fee (usually more than $100,000) or invest in property in exchange for full citizenship and a passport. Countries that fall into this bucket include Antigua & Barbuda, St. Kitts, St. Lucia, Grenada, Dominica, Cyprus, and Malta.
Golden Visas: Similar to CIP, but not necessarily guaranteeing citizenship, golden visas are granted to people who can afford to invest in government-run programs or properties or make large investments or donations in the $250,000 and up range. This usually grants investors and their families resident status (but not citizenship). Some of these countries include Spain, Portugal, Greece, New Zealand, the U.K., and others.
There are actually four different ways to get citizenship in Antigua and Barbuda. First, you can purchase real estate with a minimum value of $200,000. You can purchase a business for a minimum of $1.5 million. You can contribute to the National Development Fund for $100,000, or you can contribute to the University of the West Indies for a minimum of $150,000. Any one of these options can get you citizenship and a passport to this Caribbean country in as little as four months and gives you visa-free access to 132 countries. The cost of living in Antigua is typically 20% lower than in the majority of North American and European countries.
One of the countries with a golden visa program, Portugal grants citizenship to your entire family with either a capital transfer, property acquisition, or starting a business. The least expensive option is to donate 200,000 euros to an artistic production in a low population area. Portugal is also one of the least expensive western European countries and a single person can get by for less than $2,000 a month.
The Global Investor program in Singapore costs around 2 million bucks for permanent residence. You can then apply for citizenship after two years of living there. The rub Singapore does not allow dual citizenship. The other rub: Singapore is expensive and living here will cost at least $3,000 a month.
Many people want to get citizenship in a country for various reasons. Some want the freedom that comes with it, some just like the idea of being able to say they are a citizen of a certain nation. For many others, it is about safety and security in their lives. Whatever your reason for wanting citizenship in another country is, you can find out if you qualify by checking out this list.
Some countries offer citizenship in exchange for some financial contribution. The amount may vary from country to country depending on various factors like the type of investment, the number of applicants, etc.
If at least one parent is a national from that nation or a child born abroad to a national of that nation, then one may be able to get citizenship by descent. Citizenship by descent is also applicable in the case of ancestors.
You can apply for naturalization if you fulfill certain requirements or qualifications, and if it is possible in that country. It means applying for citizenship on the basis of your own will after satisfying some legal conditions. In other words, you want to become a citizen of that country of your own will.
Many countries have citizenship by descent programs that allow applicants who are born outside of the country to obtain a passport. Following are the countries where you can get easy citizenship by descent: 59ce067264