Ways To Get Second Citizenships By Investment

What are the ways to get second citizenship by investment? Do you think that being a citizen of one country is a barrier to your freedom? Have you ever dreamed of holding a second passport?

If this is the case, the obtaining of a second citizenship through investment should be considered. With the world as it is today, with multiple passports one can unlock endless opportunities.

In this article, we’ll examine the different citizen investment programs that are available providing you a full view of the options plus the factors that you’re supposed to keep in mind.

Ways To Get Second Citizenship By Investment

We will have a detailed look at the different routes that you can use to get a second citizenship.

The Caribbean Calling: Citizenship by Investment Programs

For a long time, investors in the Caribbean region have been primarily motivated by one reason – second citizenship. Many states in the Caribbean like Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia have long-term established Citizenship by Investment (CBI) schemes. These schemes often require showing commitment to the country by paying for the economy, maybe through a non-refundable contribution or a property investment.

Antigua & Barbuda Citizenship by Investment Program

Antigua and Barbuda’s CBI program is known as one of the most popular and effective schemes in the Caribbean. The inception of the program requires a $100,000 (at least)investment in the National Development Fund or a real estate purchase worth $200,000 or more. Residents and their relatives can then obtain citizenship, which entitles them visa-free or visa-on-arrival access to approximately 150 countries.

Dominica Citizenship by Investment Program

The CBI scheme of Dominica is known among other similar programs probably for providing the lowest credit payment options available in the market. Applicants are simply required to make the payment of the non-refundable amount of $100,000 to the Economic Diversification Fund as a condition of a citizenship application or $200,000 as a minimum investment to the approved real estate. The procedure is quite simple, and, having successfully passed the examination, obtain an e-passport for the Commonwealth of Dominica within several months.

Grenada Citizenship by Investment Programme

The Grenada CBI program offers a host of investment options, which includes the requirement of a minimum contribution of $150,000 to the National Transformation Fund or real estate that costs at least $220,000 Successful applicants and their dependents are issued with Grenadian passports, which give unrestricted entry and visas-on-arrival to over 140 countries including the European Union.

Europe Awaits: Citizenship By Investment in Malta and Cyprus

On the other hand, apart from the Caribbean countries’ popular CBI programs, the EU also offers other tempting options for people who are willing to Invest in their second passport.

Malta Individual Investor Program

Malta Individual Investor Program (MIIP) is one of the richest programs in Europe that offers citizenship by investment. The applicants the necessity to make up a contribution of €650,000 which involves €350,000 as a non-donation of the National Development and Social Fund. Besides that, they will need to keep €150,000 in government bonds and buy or rent an apartment or building worth at least €350,000 or €16,000 per year, which has to be one of them. Mat guarantees that the candidates, along with their families, profit from such passports and EU citizenship.

Cyprus Investment Program

The Cyprus Investment Program offers a very simple way to obtain citizenship. Investors have to put in no less than €2.15 million of equity that may be in real estate, shares in companies, or from government bonds. Successful candidates of the program and their family members are granted Cypriot citizenship which gives them a right to live and work in all the European Union countries and enjoy visa-free traveling to over 170 countries.

Portugal Golden Visa Program

The Golden Visa Program of Portugal grants non-EU citizens a Portuguese residence permit after spending a minimum of 280 thousand euros for real estate investment, 350 thousand euros for investment into the Portuguese investment fund, or 500 thousand euros for capital transfer. That means applicants who have lived in Portugal for the last five years and have invested in the country can apply for Portuguese citizenship.

Turkey Citizenship by Investment Program

Turkey’s Citizenship by Investment Program creates a direct route to Turkish citizenship. Job seekers can become citizens only by investing in real estate, a Turkish company, or in government bonds of at least $400k, $500k, or $500k respectively. The process is rather quick as the people who are successful in applying for it get their passports in a few months.

Application Procedure and Documents to Acquire Second Citizenship by Investment

The application process for these programs commonly entails submitting documents with a broad range of information and undergoing screening for details related to security and background checks. You need to make sure that all documents are submitted and the application is accurately completed to prevent delays or difficulties. We wish you the best of luck!

Leave a Comment