What is Citizenship by Investment?
Citizenship by investment, sometimes called economic citizenship is a route for high net worth individuals to get a second citizenship and passport by investing in a government’s economy. The investment could be in real estate, a development fund, or even government bonds depending on the citizenship program they are applying for.
By investing in a government approved route within a citizenship by investment program an investor and their eligible family members can get a passport by investment, becoming a citizen of the country they invested in. Several countries open the door of investment for citizenship and allow investors along with their family members throughout the world to apply for their passport and citizenship.
How Citizenship by Investment Works
Basically, citizenship by investment requires an investor to provide the bequeathing country with economic value in order to obtain its citizenship. The process is simple and is very quick, and the investment amounts required are very reasonable. If you are thinking you have to invest at least 1 million dollars to obtain a second citizenship, think again. Many countries offer citizenship by investment programs for cost-effective amounts, some have their minimum investment requirement start at 100,000 USD.
Types of investment options
There are a variety of investment options to choose from when it comes to citizenship by investment, the main of which are:
- Real estate investment (residence or commercial)
- Donation to a national development fund
- Government bonds
- Business investment (establishing a business and hiring employees)