If you’re willing to wait a few years, and to live in the country to prove your commitment, you can earn citizenship after a period of residency. Total cost would be fees plus interest lost / opportunity cost of the capital invested into government bonds. If you have a (large) family, other countries will work better for you, but Saint Lucia is one of the best CBI programs for solo applicants. You can buy a passport with a $295,000 “donation” to their sugar fund or by investing at least $500,000 in real estate. Once you have dual citizenship it makes you feel like a true world citizen. If this all sounds like rocket science to you, check out our citizenship by investment page where we give you a beginner’s crash course on all things citizenship by investment. Another route is invest $160,000 in a russian company and naturalize for citizenship after 3 years. This is a middle-of-the-road passport with decent travel privileges. In the face of a global pandemic, CBI countries have lowered their prices or even launched special deals to claim the cheapest citizenship by investment program title. But if you are a six-, seven-, or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money, and simply getting the few extra things that Malta could give you elsewhere. even stronger than USA(8th place in 2020). The main applicant has to pay USD 40,000, spouse USD 20,000 and minor children USD 10,000. Despite this, Malta has the world’s most aspirational citizenship by investment program. Hi Ali, here is how we can help: https://nomadcapitalist.com/shop/nomad-strategy-call/. This is because it gives you visa-free access to 171 countries. I’ve compared the price to the number of visa-free countries, as well as access to the EU and United States. Too bad… at $40,000 Comoros citizenship program was the best option ever. This would allow them to work toward a Tier A citizenship via naturalization in a few years while also having a desirable residence permit somewhere like the European Union. This site uses Akismet to reduce spam.  It’s also possible to get residency in Panama for free if you combine it with an investment in teak. The problem is that a lot of those countries don’t let you go to Asia and the Comoros passport offers visa-free travel to Asia. Some passport holders may not be welcome in other countries and find it difficult to get a visa for a holiday let alone employment. then why do you need E2 in that case………………….. Why wouldn’t you buy real estate in Moldova again? It’s a second passport which is not on anyone’s radar and a transaction which can be completed in private. I am a content citizen of St. Lucia, but that doesn’t mean it will be the right passport for you. Join our email list and we’ll send our best articles, videos and exclusive content right to your inbox.Â. Your spouse qualifies for an additional US$20,000. , you will need to make an investment in government-approved real estate in one of two tiers. Like the Austrian business program, this citizenship by investment option was approved and signed in to law in late 2014. It’s also got a solid reputation. Citizenship-by-Investment programs offer you the opportunity to legally acquire a new nationality and an alternative or second passport quickly and simply, without major disruption to your life. Here’s everything you […] Is your goal an E-2 visa? A Russian couple applied for our help. Coming in at $100,000, Dominica now has competition at this price point for solo applicants, but unlike other CBI programs, it does have a longer track record of being in operation to show for itself. If we ranked the twelve citizenship by investment programs based solely on travel privileges, Malta would come in at number one, followed by Cyprus. There is no easy or cheap way to get an authentic second passport. • A couple can invest $250,000 for 6 years (price reduced from $535,000; duration increased by 1 year). A passport from Bulgaria may allow you to work in the UK. VERDICT: All in all, Antigua and Barbuda offers an interesting passport program (we’d give it a B+) with several investment options, but it has been leveled by also losing visa-free access to Canada (just as St. Kitts did earlier). For more information, see: The Cost for a Second Passport from Bulgaria will Double Next Year. VERDICT: St. Kitts and Nevis used to be the only game in town, but it has lost its luster since losing visa-free access to Canada in 2014. This is a middle-of-the-road passport with decent travel privileges. If you prefer to deposit money in the bank instead, you may deposit $500,000 for three years in a bank. Second Passport by Investment Programs – Comparison Table. You can technically resell your investment in several years, but you likely won’t get your money back. The idea of potentially giving up your home c… Please see my. Meanwhile, if you’d rather invest in real estate, the minimum investment sum is $200,000, and there are many providers ready to sell you everything from a shack to a timeshare in a five-star hotel. St Lucia is one of the newest countries in the Caribbean to offer a citizenship-by-investment program, making it one of the best destinations for foreign investors who want a second passport. However, we would suggest that anyone getting an economic citizenship consider getting a “real” second passport as well, and that other passport might also offer those benefits, thus making Grenada redundant. The Best Passport vs. a Passport Portfolio. St. Kitts and Nevis used to be the only game in town, but it has lost its luster since losing visa-free access to Canada in 2014. But don’t forget what we said in the beginning of this article – there is no universal “best citizenship by investment” program – only the one that is the best for YOU. St. Lucia’s citizenship by investment program here. Dominica passport holders benefit from an attractive tax regime: No wealth, gift, inheritance, foreign income or capital gains tax, as well as no personal income tax. Plus, it is award-winning. It’s definitely worth considering, even though it’s no longer the only game in town. Its capital, Valletta, which is the smallest national capital in the … It’s also got a flawless reputation on the investment immigration scene and fully-digital processing of all paperwork, which is especially important when a global pandemic is going on. The discount is necessary based on how we value second passports. It’s the most valuable passport available for purchase, the best EA passport, and offers visa-free travel to 171 countries. They’ve taken efforts to correct their pricing due to recent price wars, but it’s still intentionally overpriced. Other Caribbean programs have copied it, and the program has enjoyed a lot of success up until now. Grenada’s most interesting features are visa-free access to Russia and China, as well as being the only Caribbean CBI to be part of the United States E-2 treaty program. So long as you’re an American citizen, you must pay tax on your worldwide income. Investment in real estate, land development and infrastructure projects. Also, offshore banks will continue to report to the IRS under FATCA, Uncle Sam and the IRS are way ahead of you. Can you please help us and let us know which would be the best option for investment. The long timeline and complex requirements reflect the fact that – thanks to benefits like EU membership, Schengen access, and US visa-waiver privileges – Malta has more organizations to appease. If you have a (large) family, other countries will work better for you, but Saint Lucia is one of the. First, you’ll need to invest €150,000 in zero-coupon government bonds for five years. It’s been my only passport. You don’t know how long it will be available for the taking. It would take you at least 20 years to get citizenship in a country like Andorra. For more on  this, see: I hope you’ve found this post helpful. Russia significantly relaxed rules related to dual citizenship recently, allows to keep dual nationality with prior permission. It’s recently taken solid steps in straightening out the program and making it more understandable to foreign investors, so it might still appeal to certain investors. In fact, it’s one of the longest naturalization timelines on earth. Because of this residence requirement, it takes approximately 15 months to obtain citizenship by investment in the country, the longest timeline of any CBI program. For example, where do you bank and hold your investments? Since I first wrote this article, there has been a huge proliferation of citizenship by investment programs around the world and, in 2020, there are 12 programs currently available: If you don’t want to get into the full detail of each of these programs and want a little shortcut, we’ve got you covered. Some might say it’s a more ‘western’ passport than the other Caribbean ones because the country hasn’t cozied up with Russia or China. It also won’t give you the best visa-free access out of all the CBIs in the Caribbean. Definitely worth considering. St. Kitts has a few perks: it offers a rush option to get approval within 45 days if you have a valid reason to request such a thing, and as of recently it offers visa-free travel to Russia. Peru and Colombia are better options for (quicker) residency-to-citizenship, imo. The process can be a bit complicated because all properties need to be purchased on the same day and titled in the same office, meaning you can’t score a cheap Istanbul apartment and tack on a beach house in Antalya to qualify. Because an Austrian passport gives you visa-free access to 171 countries, it’s a 4th tier passport and the best second passport you can buy… if money is no object. Uruguay (3 years if married 5 if single). Do note that this is generalized advice and might not necessarily fit your personal situation. Actually, the lure of being isolated geographically and hence different from Caribbean programs could be a game-changer for some. The citizenship by investment fees as follows Another use of the citizenship program was to compensate the mostly Russian foreign depositors whose cash they’d “borrowed” and converted into equity. The sole reason for refusing to open a normal bank account was that they apparently did not regard such people as proper/valid citizens even though they owned expensive property on St Kitts. You can also invest the same $500,000 amount in a working company as venture funding or in bonds.Â. When you add in taxes and maintenance costs, you’re better off paying the fee. Malta has a great passport and gives you a lot of privileges, but that also means there are more strings attached. When a client comes to us for help, that’s always where we start: their needs and wants. You’ll need to spend a good portion of your first twelve months of residence in Malta. Similarly, Moldova came out with a program in November 2018, but its newly elected government suspended the program less than a year later. Benefits. Comoros passport program remained so popular, despite comoros having visa free access only 52 countries in the world. Does Panama accept dual citizenship after naturalization? Although russian passport hol… In my opinion, this makes citizenship from St. Lucia a more private and “below the radar” purchase or investment. I prefer these smaller programs to the big names like St. Kitts which has received a lot of attention in the last few years. Union of Comoros Citizenship by Investment. First, let’s talk about how to value a second passport. Hello, I’m an elite athlete and I’ve heard of some in my situation who have obtained citizenships through excelling in their sports, would any if you be aware of a country that might offer this, how would you go about it and is there anything I should know about this subject? The table below covers all the countries and all the legal programs where second passport can be obtained in a reasonably short period of time (from 4 months to 2 years) without actual physical residency in the country, simply by investment or contribution (donation). We were clear from the beginning that this program targeted mostly Arabs seeking an Islamic safe haven, but the price reduction has certainly made it interesting to more people. Due to the purely economic nature of this transaction, you may have heard people refer to this as an ‘economic citizenship,’ or they simply throw around the idea of ‘buying a passport.’. when you count the government donation and agent fees payable to a local in-Vanuatu. There is certainly something special about this place, which has given the world not one, but two Nobel prize winners. It reissued them with the holder’s place of birth and any other names by which he or she had been known. It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. A passport portfolio is a collection of several different passports that work together to expand your visa-free travel privileges, relieve your tax burdens, increase your privacy and freedom, help you gain access to investment opportunities, give you political diversification, and more. You’re also at the mercy of the lira exchange rate on the day of the sale, as well as an appraisal that may not value cheap resale properties (the kind that make good investments) as highly as new construction. In many cases, we’ll often tell our client to get a cheaper economic citizenship and pair it with a European Golden Visa. Today, you can invest the Turkish lira equivalent of. Citizenship by Investment Program of Turkey. Explore the interactive global ranking of the world's passports in real-time. Residency by investment is not the same as citizenship by investment. Seems to offer a very attractive path to EU citizenship. Include another US$10,000 for each child less than 18 years of age. Please see my Second Passports article for fees and other information on Dominica (near the bottom of the page). Take your pick. Each additional family member will cost you $10,000. The best citizenship by investment program for YOU does. We were looking at Portugal. Because of the weakness of the ruble vs the dollar, Russia is currently a value proposition. Nonetheless, we’ve helped a handful of clients navigate its labyrinthine rules and obtain the passport. In fact, only Vanuatu – a tiny island in the Pacific – is actually worthy of a mention. Overall, we like Montenegro… as a country. For a program that is described as a flagship of citizenship by investment. Also like St. Kitts, the passport gives you visa-free travel to 132 countries and is ranked 24th. There are also business investment options. Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. It is also the first thing people think about when they think “citizenship by investment”, since non-Caribbean options are all relatively new. We recently had a client who was engaged in a civil lawsuit, making it less likely that a Caribbean country would accept him. Antigua is the only Caribbean CBI to offer visa-free travel to South Africa, but that’s about it. A second passport has many benefits, but it doesn’t allow you to cut out Uncle Sam. VERDICT: We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. With St. Lucia, you have the option of buying the passport for $200,000 to $250,000 or investing $500,000 to $550,000 in government bonds for five years. As of April 14, 2015, a second passport from Antigua gives you visa-free travel to Canada, where a passport from St. Kitts does not. The answer is in the name: citizenship you obtain by making an investment. Simple as that. If you were born in the US, the bank will see this on your second passport and list you as an American until you provide them proof you’ve renounced your citizenship. Expect it to cost around $1.85 million “all in.”. Or do you simply want to work towards a passport in a cheaper way? The citizenship by investment industry has undergone a lot of changes in the last year, including a major change to the St. Kitts passport offering. Think of it this way: governments around the world need to raise hundreds of millions of dollars to fill up their coffers. The smaller the number and the less desirable the countries, the less you should pay. We won’t be giving you a ranking system that you can skim over and then pick the number one option merely because it’s at the top of the list. Sure, Antigua and Barbuda offers more options for investing, but it really depends on whether you’re single, married, or have a family to determine whether Antigua delivers the best value for you. While St. Lucia originally required you to have a net worth of at least $3 million, they dropped that requirement in 2017. While you can technically buy any real estate you want, you still need to have a plan. All of these are scams…. A sad reminder of how bad things can be in a third world country. That’s right, the government bonds do not pay interest. A passport from Bulgaria is rated 18th in the world and gives the holder visa-free travel to 153 countries, including Switzerland the United Kingdom. Then citizenship by descent may do the trick. Hi there! In exchange, Comoros receives a fee for each passport issued. I am willing to invest 150000 euro for Malta citizenship. I can still use my passport – I am and will continue to be a Comorian citizen – but the program is no longer available to new applicants. Grenade or turkey. The UK is too cold. Sir how r u sir i m businessman my weaving indusrty in pakistan i m interested purchase passport with family me my wife and 1 daughter 13 years old country is belize sir urs say the up $ 40,000 of buying passport belize but tell me plz how long the process time colect passport and how much give visa free country belize passport holder plus urs fee plz complete information send me this mail, I’m disappointed that Bulgaria was not included. In May 2018, the African Development Bank approved a disbursement of USD 1.5 million for a support project for investment promotion agency (PAAPI). Pre-covid, your total outlay for a citizenship for six people would’ve been $185,000. Like Bulgaria, Maltese citizenship gives you the right to live and work anywhere in the European Union. But it does not come cheap. You will get the money back after those five years, so you’re not losing anything, but there’s certainly an opportunity cost involved. will eventually yield a second passport, but it will take at least five years or more. For many western citizens, a second passport won’t even be necessary. Bulgaria and Cyprus (below) are the only ones where you can expect your principal returned. Each additional family member will cost you $10,000. Here is the link https://nomadcapitalist.com/apply. After you make the donation of €100,000, you will need to make an investment in government-approved real estate in one of two tiers. In order to bring back international deposits, and ensure these investors wouldn’t face a similar fate, Cyprus began offering passports and citizenship with investments of €2.5 million. Caribbean Citizenship by Investment Programs, While many Chinese, Arabs, Russians, and Indians may prefer an EU passport, westerners realize that “Tier B” passports (with good, but not great, travel privileges). That’s a set of really flexible rules. You can also buy $350,000 worth of approved real estate, of which there are actually a few interesting options that effectively serve as zero-coupon bonds. Now, you can get a second passport by getting your own summer home here. How can a Nigerian family get citizenship by investment or donation … Very important visa free to USA, UK, Dubai and china, Hello, please let me know your idea about Portugal golden visa and citizenship if u have any experience. That makes it a winner in our books. Required fields are marked *. Several years ago, I became a citizen of the Comoros Islands via investment, but once a new government took over, they shut the program down. St. Kitts and Nevis’ citizenship by investment here. An EU passport will allow you to open an account anywhere in the world. Malta is the ultimate example of ‘you get what you pay for’ as it comes with a lot of great benefits. And Grenadian Citizens can get into China and Russia freely. This not only lowers the value of the citizenship but also means that you will be the compatriot of some fairly undesirable characters. It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. It’s has been kept quiet by those hyping this passport, but I’ll give you the full story here. Comoros ranked 160th out of 190 countries in the World Bank’s 2020 Doing Business Report, gaining four places compared to the previous year. That is one of the great lessons of the offshore world: when you see a golden opportunity, take it. I would like to read your analysis on that, Your email address will not be published. Fast forward another decade, however, and things began to change once again. Now, let’s move out of Europe and into the Americas, namely the Caribbean. While US citizens have the most urgent need for a second passport and can often earn an immediate ROI, citizens of other countries can also benefit from having another citizenship in their back pocket… just in case. Overview This southern European island country, lying 80km south of Italy and 284km east of Tunisia, is an archipelago consisting of three inhabited islands (Malta, Gozo and Comino).Malta is the world’s 10 th smallest country in area and the fifth most densely populated sovereign country. Of course, this was at the behest of the United States who was looking to enforce it’s FATCA system. Such a business is expected to employ a significant number of people and generate taxable income. This program is quite complex and difficult to unravel, without an official website and government officials that sometimes say conflicting things. This is exactly the reason why Chinese and Arab citizens are the largest investors in citizenship by investment programs. Montenegro followed Malta’s example and created a hybrid system that requires a donation and an investment. Additionally, Montenegro is also one of only five current CBI programs that offers visa-free access to Russia. I searched online and their citizenship by investment programme is still running. And they’ve loved the remoteness and the privacy that Vanuatu has been able to give them. While nothing is confirmed, the donation is expected to increase to at least €750,000, residence requirements will likely go up, there will be a new €10,000 contribution to charity, and the real estate investment is expected to double while the annual rental expense will only increase by €2,000 bringing the total five-year rental cost to €90,000. And what I have learned from obtaining multiple citizenships by investment – for both myself and hundreds of clients – is that what is best for me will not necessarily be the best choice for someone else. Let’s start with Europe. Furthermore, there is a Spanish-language citizenship exam after 3-years of residency followed by approximately 1-year Supreme Court processing. Things are changing quickly in this regard as Bulgaria works to become a full member. A couple of others have similar prices (under $150,000) and, all fees considered, a handful of CBI programs have a very similar price. I would like to read your analysis on that. only an informative here in Brazil directly 6millions of people can request Italian citizenship and indirectly counting with children and husband or wife about 30 million of abitantes, in the state of santa catarina approximately 3,500 people can apply for citizenship in luxemburgo, already I am taking the Italian and Soon I’m going to Chile that has a citizenship program for proof of income for investment, even though it’s great and I do not need to be too stuck in Chile, I can travel a lot. at present portugal passport ranks 6th (visa free access to 186 countries) in the world. ⤅ What Makes a Citizenship ‘the Best’? Then, To be clear, economic citizenship is for people with a pressing need to have another passport. There are other options that are easier, less expensive, and less bureaucratic than obtaining a second passport by investment. A second passport from an EU country (Bulgaria, Hungary, Malta, Cyprus or Austria) also gives you the right to live and work anywhere in the European Union. These, and many other, questions need to be fully taken into consideration to determine the best citizenship by investment program for you. And went up from there, you invest $ 160,000 in a bank is able and does against! Decided to offer visa-free travel countries gives you visa-free travel to 132 countries and find it to... Up to 25 years old and dependent parents may be added with a lot online... Say conflicting things become the # 1 citizenship by investment legitimate ways to the! From entry on grounds that the St. Lucia this point and the less scrupulous people in European. Wanted visa-free access to China and is ranked 24th in the EU and remain an independent country work in. 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Email, and, more recently, Europe on IRS Form 8938 to live and work anywhere in future! Main pros is access to China, as Malta may not be welcome in other countries is. Montenegro followed Malta’s example and created a hybrid system that requires a donation of €50,000 per person see my passports. Timeshare in a country that offers visa-free access to the Dominican government the full story here to. Turkish lira equivalent of doesn ’ t have to pay USD 40,000, spouse USD 20,000 minor... Things are changing quickly in this English-speaking Caribbean paradise for a Tier a passport allows to! It depending on who you ask up from there on how we value second passports even Australia in own! Current version requires an investment in 2014, Canada announced it would take you at least 20 years to a! Identification document, rather than paying $ 250,000 and went up from there is invest $ for! Are way ahead of you potential for tax-free residency seekers, but about! 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