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Second passport for US citizens: What are the most powerful and safest in 2022?

24 April 2022

Whether you’re an entrepreneur or a family man, you always want a promising future for yourself and your family. Living in a place without worries that some crazy taxes or political uncertainty can ruin your everything matters much. And, of course, it isn’t just about physical well-being.

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Second citizenship can do a lot. Firstly, this is your tool to minimize tax burden.

“You have no personal, corporate income, or capital gains tax. You don’t need even to file a tax return at the end of the year. That just feels like paradise. Even if there were freezing cold and snowing outside, it would still feel pretty warm inside because I don’t even have to file a form at the end of the year.” says Roger Ver, the founder of Bitcoin.com, the multi-millionaire, and an early investor in Bitcoin in his interview with the founder of Migronis.

Second citizenship can do even more. Crypto-friendly citizenship with its loyal for digital currency tax regime is an ideal fit for crypto entepreneurs.

It’s also a way to have the best retirement ever. According to US ranking, Portugal is 5th in “The Best Countries to Comfortably Retire.” Just read an inspirational story of the US entrepreneur John Bandak and see how to benefit from the retirement in Portugal.

Crypto-friendly citizenship — Your legal way to optimize taxes

  1. Legitimize your crypto assets
  2. Benefit from crypto-friendly taxation
  3. Diversify your investment portfolio
  4. Get ICO investment opportunities

Want to know more? Just book a free consultation!

What a Second Passport can do for You

Having second citizenship as your backup plan is the best way to combat political and economic ambiguity and safeguard the well-being of your family as well as your wealth.

A second passport has the potential to open up a world of travel and business opportunities worldwide, according to the Guardian.

 

Benefits of owning a second passport

Here we’ll not list all benefits related to dual citizenship (although there are many) but name only those most relevant to the US:

  1. Personal and financial freedom
    Having dual citizenship means you can take control of your own life. If you want to build a better future for yourself and your family, then you need a chance to manage your finances in the way you want strategically.. And a second passport is a strong chance to ensure that all of you will be protected in the years to come.
  2. Tax optimization
    Preserve your wealth by living a tax-optimized life with 0% taxation possibilities. Taxes are one of the top reasons US citizens want to drop their citizenship. According to a recent poll, seven out of ten US citizens believe their tax returns are crazy and do not need to file them.
    A second passport is not just about saving. It’s also your road to new opportunities! It opens new markets and gives you the freedom to invest in lucrative business deals, which is a great way to build your wealth over time.
  3. Global mobility
    Just imagine the infinite flexibility that freedom of movement provides. As a US citizen, you may probably know the taste of this feeling and what visa free travel means to other countries (such as the Middle East, countries of the European Union, etc.). However, imposing pandemic-related travel bans harshly impacted the power of US passports, so there is a need to overcome deadlocks in the best possible way!
  4. Better quality of life
    You know, countries are not made equal. But you always have the right to choose. You can always find a place suitable only for you, with unparalleled living conditions. Change of lifestyle really matters.
  5. Political stability
    With Brexit, the Russo-Ukrainian war, and permanent conflicts in the near and middle east, you never know what can change in your country and how this will affect you, your business, and your family. So a second passport is your perfect backup plan if you suddenly face the damaging consequences of unexpected political or economic upheavals.
  6. Business opportunities
    Having multiple passports may open a new array of business and investment opportunities. This helps expand the business and operate globally with easier access to the major business hubs. Last but not least is that you can enjoy the freedom to invest in lucrative business deals!
  7. Plan B
    With a second passport, you would have a future ability to opt out of future regulations, future taxes, and future restrictions.

Second citizenship, first-class privilege

Unlock your freedom and create your personal world without borders!

How many passports can a US citizen have?

The answer to this question is quite simple — as much as you want. Luckily, the US does not prohibit holding multiple nationalities, so you don’t need to renounce your first citizenship in order to get a second passport. However, unlike the US, many countries, such as Austria, Netherlands, Bulgaria, or Taiwan, do not allow buying a second passport.

A portfolio of diverse passports allows you to minimize risk and maximize return, so you don’t necessarily need to stop at two passports (if you want so). Perhaps one passport will give you global mobility, and another will be a great way to build your wealth over time.

How to Get a Second Passport

Citizenship by Descent

If you are lucky enough, then you are already born in the desired country. But, unfortunately, this is actually a lottery ticket.

Some countries (like Poland) can help obtain citizenship for those who can prove their family ties are linked to a particular territory. For example, few states have strict requirements, so you can get their passports only if you can prove that your parents were born there. At the same time, in case of Lithuania, Ireland, and Italy, you can qualify for ancestral citizenship even if you have grandparents or great grandparents with the relevant origin.

One way or another, citizenship by descent is also a nice option but it also requires a share of luck. It is the fastest way to obtain second citizenship in a foreign country if you qualify.

Citizenship by Marriage

Citizenship by marriage is a bit touchy point. Feel the difference: marrying somebody only for a second passport is fraud. On the oother hand, marrying somebody for love and getting a second passport as a nice bonus is quite acceptable.

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

If you go the wrong astray and make the wrong choice, there is always a risk that the government can kick you out. So citizenship by marriage is not such a viable strategy in the end.

But if you are not going to mislead your partner and the future government, then marriage is a golden ticket to the country of your dream. In fact, some places have a fast-track mechanism for the naturalization process right after marriage.

Citizenship by Investment

A growing number of countries offer the so-called “economic citizenship” or Citizenship by Investment. This method aims to provide a citizenship program in the fastest and easiest way possible.

Citizenship by Investment offers various investment options. So those who cannot prove family ties or get citizenship by marriage can obtain a second passport by making a qualifying investment in a government fund, government bonds, real estate investment, etc.

Caribbean countries are the most popular places to get a second passport with this option. While quite a lot offer second citizenship, the ones that stand out are:

  1. Saint Kitts and Nevis
  2. Antigua and Barbuda
  3. Dominica
  4. Grenada
  5. Saint Lucia

Only imagine: Vkontakte social network founder Pavel Durov and an early investor in bitcoin Roger Ver acquired citizenship of St. Kitts and Nevis.

Looks solid, right? Find out how to become a citizen of this crypto-friendly country!

From the very beginning, this can be explained by the low price rate — from $100,000, but that’s not the end of the story. So what are the benefits of second citizenship in Caribbean countries?

  1. Cost-effective investment
    As it was already mentioned, the threshold for becoming a dual citizen is $100,000, so this is like your cheapest second passport. This is a relatively low investment if compared with European programs. For example, Italy requires investing at least EUR 250,000, Spain — EUR 500,000. So you can see that becoming a citizen in Caribbean countries will be less costly.
  2. Choice of investment
    Unlike European programs, the Caribbean provides investors with 2 or 3 different options (as a minimum). Often, these are a purchase of government-approved real estate or an investment in a government fund.
  3. Safety and security
    The whole process is completely confidential.
  4. Thriving source of passive income
    The Caribbean is one of the most popular tourist destinations in the world. So you can always transform your real estate investment into a rental property and recover the amount you invested.
  5. Global mobility
    Get access to 150+ countries with no need to formalize travel documents each and every time or get a travel visa once you want to go abroad.
  6. Ease of process
    If you decide to buy a second passport in this area, you’ll certainly see that these are the easiest countries to get 2nd passport for US citizens. By contrast, European programs differ with a more time-consuming application process with more rigorous background checks, due diligence, and legal documentation requirements.
  7. Full citizenship
    Once you got dual citizenship, you would be entitled to all natural-born citizens’ rights, including the right to work, vote, or get an education.
  8. Access to European Economic Area
    Expand your business globally and get access to major business hubs. A second passport will unlock the potential for high-value opportunities. And you still will have access to the USA due to the E2 investor visa!

Citizenship by Naturalization

The naturalization process usually means living in a country for a certain period of time. And only after being a permanent resident for a while, you will receive the right to apply for full citizenship.

Requirements vary from country to country. For certain, the wait is 2-3 years. The process in others can take up to 10 years. Besides, many states provide a simplified procedure for some groups (adopted children, refugees, spouses, etc.).

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Below is a breakdown of countries and the time they require to offer citizenship.

Two-Year Residence Requirement

  1. Argentina
  2. Peru

Three-Year Residence Requirement

  1. Poland
  2. Paraguay
  3. Israel
  4. Serbia
  5. Honduras
  6. Ecuador
  7. Canada

Four-Year Residence Requirement

  1. Ethiopia
  2. Brazil

Five-Year Residence Requirement

  1. Ireland
  2. Chile
  3. Albania
  4. Bulgaria
  5. Belgium
  6. Barbados
  7. Australia

The hardest thing is to get a second passport in Liechtenstein, China, North Korea, Saudi Arabia, etc. On average, a foreigner needs to live there for more 5-10 years, But this is not the limit, as in some countries, the period of residence has been extended to 30 years!

What can Migronis do for you? 

When it comes to the immigration process, it’s always best to seek out the help of experienced professionals.

Since 2012, Migronis has been helping people from all over the world to become global citizens. Its founder Anatoly Letaev developed the theory of flags into the philosophy and community of Freedom Unlockers.

Curious? Contact our specialist!

Best countries to get a second passport

Obtain second passport in the Caribbean

Applying for a second passport is no small feat. You should always consider citizenship timelines, the cost of the passport, and suitable investment options. So what are the best countries for you depends on your budget and preferences.

Some of the best Citizenship by Investment programs are offered by Caribbean countries. Almost any of them can give you visa-free travel to more than 150 points on the globe, a better lifestyle, a tax-free environment, and plenty of other opportunities.

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Benefits of Saint Kitts and Nevis Passport

  1. Travel without the difficulties of obtaining a visa to 156 countries, including the UK, Shengen, Brazil, and Singapore
  2. Tax-friendly environment
  3. Possibility to get long-term visas to the USA and Canada
  4. Everything can be done online in just 45 days

The passport of Saint Kitts and Nevis allows you to freely visit the Schengen countries, Great Britain, Singapore, Hong Kong

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Roger Ver

 

Saint Kitts and Nevis is one of the most famous tax-havens. The country attracts crypto investors and entrepreneurs from all over the world.

"Everybody in the world should have a second passport. You don't know when a government is going to go crazy."

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Interview with Roger Ver

Benefits of Antigua and Barbuda Second Passport

  1. Visa-free entry to 150 countries including the UK, and Europe’s Schengen Area
  2. Possibility to live, work and settle in any other member of the CARICOM
  3. Reduce your tax burden legally
  4. Include all of your family members in your application
  5. Possibility to get long-term visas to the USA and Canada
  6. Fully remote procedure

The passport of Antigua and Barbuda allows you to freely visit the Schengen countries, Great Britain, Singapore, Hong Kong

A hot offer! Buy beautiful apartments in a Moon Gate Antigua and obtain Second Citizenship

This is a distinctive opportunity for those investors who want to find a little piece of paradise! The starting price is $250,000

Benefits of Dominica dual citizenship

  1. Access to multiple countries (143 countries including European Union, United Kingdom, and recently China)
  2. Dominica’s currency is connected to the US dollar
  3. Increase your financial freedom
  4. Fast process — everybody in your family can obtain citizenship within 1,5 months
  5. Travel to the USA and Canada due to the long-term visas
  6. Process your application remotely

The passport of Dominica allows you to freely visit the Schengen countries, Great Britain, Singapore, Hong Kong

Buy incredible villa for your family and receive tax-friendly citizenship

  1. Select either shared or direct investment, depending on your goals and budget
  2. Enjoy Caribbean lifestyle
  3. Get Dominica passport with all the benefits assosiated with it

Benefits of Grenada Second Passport

  1. Open up new travel opportunities to 144 countries including China, the USA, and the Schengen countries
  2. Possibility to get an E-2 visa to the USA
  3. Live in a zero-tax country
  4. Get an education at St. George’s University
  5. Take your family members with you
  6. Fully remote procedure

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

 

The passport of Grenada allows you to freely visit the Schengen countries, Great Britain, Singapore and China

Benefits of Saint Lucia Passports

  1. Visa-free travel privileges to 146 countries including the Schengen states, Britain, Hong Kong, and Singapore
  2. Get access to the USA and Canada due to the long-term visas
  3. Take advantage of tax reduction
  4. World’s best yachting location
  5. Take your family with yourself
  6. Receive a passport remotely

Did you know that St. Lucia is just a magnet for US citizens?

  1. Benefits of living in St Lucia as a US ex-pat include: 
  2. Tax exemptions
  3. Low cost of living
  4. Proximity and connection to the USA
  5. Top-quality of life
  6. Beautiful Caribbean Island

The passport of Saint Lucia allows you to freely visit the Schengen countries, Great Britain, Singapore, Hong Kong

CITIZENSHIP-BY-INVESTMENTS PRESENTATION

Can’t figure out which passport of the 5 Caribbean countries suits you best?

We have prepared an overview of Residency and Citizenship-by-Investment programs. This is a detailed guide on how you can get a 2 passport and obtain Citizenship- and Residence-by-Investment legally, without having to worry about the hassle of getting a visa.

 

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Your dual citizenship with Portugal Golden Visa

Portuguese Golden Visa may not be only Europe’s only residency by investment program. However, this one is the most popular and most successful.

Launched in 2012, the Portuguese government intended to attract investments from foreign countries and reignite the country’s economy and real estate market. It truly succeeded, becoming maybe the best EU passport. Large-scale capital investments have even led to the so-called property boom in Portugal.

It was Portugal that inspired several European countries to follow its footsteps and offer dual citizenship with some perks like tax advantages or freedom of movement. Anyway, Portugal's permanent residency remains one of the easiest and cheapest programs.

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

According to Guardian, Portugal's Golden Visa do not offers citizenship. It is a residency program, but you can easily apply for Portuguese citizenship after a 5-year period if you want to get dual nationality and a second passport in this country.

Here are all options assosiated with this investment program.

  1. Real estate acquisition — starts from €280,000
  2. Capital transfer — starts from €1,5 million
  3. Donation — starts from €250,000
  4. Job Creation (Entrepreneur Option) — starts from €500,000
  5. Scientific Research — starts from €500,000

Benefits of Portugal Residency (Portugal Golden Visa)

  1. The easiest and fastest way to acquire EU citizenship (for your family and you)
  2. Opportunity to get EU passport and become an EU citizen
  3. Visa-free mobility and access to the Schengen area (including the right to live, work, and study in Portugal)
  4. Low physical presence (only 7 days a year)
  5. Possibility to invest in liquid real estate
  6. Relatively affordable investment options
  7. Take all advantages of a special personal income tax treatment called NHR for 10 years
  8. Return your investments with preservation of Portuguese residency
  9. The starting investment — €280,000
  10. Keep together with your family
  11. Great opportunity to get an EU education due to the international and Portuguese schools and universities
  12. International quality healthcare clinics and hospitals
  13. No Portuguese language test

If you want to know more on how to get a Portugal Golden Visa, then read this definitive guide with all the answers to the most important questions.

GOLDEN VISA PRESENTATION

Let’s see our best examples of Portuguese real estate and learn about conditions of funding to get the Portuguese Golden Visa! 

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis
Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Cheapest countries to buy a Second Passport

What is the cheapest option to get a second passport? This is a million-dollar question. There are many excellent passport services and investment programs, but we will focus on the most affordable ones.
Many people believe that the right to buy second passports is reserved for very wealthy people. But this is not always the case. By no means, it is important to consider the price of this endeavor, but the good news is some countries don't take much for their second passports.

In fact, before applying for a second passport, it is important to decide:

  1. What is better for your family and yourself?
  2. What investment are you willing to make to get dual citizenship?
  3. Will new language be a problem?

If you already made up your mind on Citizenship by Investment option, then you would be happy to know that some investment programs cost as little as $100,000. Of course, the price is totally linked to the country you choose, but the thresholds are following:

  1. Dominica second citizenship — starts from $100,000
  2. Lucia second citizenship — starts from $100,000
  3. Antigua and Barbuda second passports — starts from $100,000
  4. Saint Kitts and Nevis investment programs — starts from $150,000
  5. Grenada — starts from $150,000

If you are stuck on getting a second passport in Europe, then do not hesitate to consider Portuguese residency, which is particularly attractive right now. One of the main draws of this Golden Visa is that it has almost zero physical residency requirements. And, of course, the required amount is pretty low — from €250,000.

Fastest countries to get Citizenship

In fact, Citizenship by Investment is one of the easiest and fastest ways to get the desired passport. And which countries offer citizenship with the most straightforward procedures and in no time? Such are:

  1. Saint Kitts and Nevis — The processing time starts from 45 days
  2. Antigua and Barbuda — The processing time starts from 2 months
  3. Grenada — The processing time starts from 2 months
  4. Dominica —The processing time starts from 45 days
  5. Saint Lucia — The processing time starts from 45 days

Tax Benefits of Caribbean Citizenship

PDF, 6 pages, 3 mb.

Second passport for US citizens: What are the most powerful and safest in 2022? — Migronis

Frequently Asked Questions

Is it legal for a U.S. citizen to hold two passports?

Generally, the question of dual citizenship depends on the country and its rules, but the US permits holding two or more nationalities.

Can you buy a second passport?

Yes, Citizenship by Investment is one of the easiest and fastest ways to get a second passport.

How much does a second passport cost?

The cost of a second passport starts from $100,000.

What is the easiest country to get a second passport?

It's difficult to name one certain country, but on the whole, Caribbean countries provide an easy, fast, relatively-low, and clear application process.

Can US citizens hold 3 passports?

Yes, the US permits holding two or more passports.

YOUR LIBERTY OF MOVEMENT, YOUR FREEDOM TO TRAVEL — YOUR PLAN B

Migronis — your reliable partner since 2012

  1. Migronis is an international company based in Europe with Ukrainian roots. The company's owner, Anatoly Letaev, is a entrepreneur, a human rights lawyer, and an expert in the field of Citizenship-by-Investment. He lives in Portugal and strongly promotes the idea of personal freedom.
  2. The head office of Migronis is located in Estoril (Portugal). And we have offices in Ukraine, United Arab Emirates, and Cyprus.
  3. Since 2012, we have been helping to obtain citizenship and residency by investment in 20+ countries around the world.

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