Many of the world’s wealthiest investors look to enhance their global mobility, financial freedom, and global opportunities. To do this, the elite need second citizenship, and hence seek citizenship by investment program; simple routes for obtaining citizenship of nations by investing within their borders. In this piece, we will cover the basics of citizenship by investment, the main citizenship by investment countries, how citizenship by investment differs from residency by investment, why the wealthy do invest for citizenship, and more.
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)
Which countries give citizenship by investment?
There are a several countries that offer citizenship by investment programs, the countries list includes:
- Antigua & Barbuda
- Dominica
- Grenada
- St. Kitts and Nevis
- Saint Lucia
- Turkey
- Malta
- Montenegro
- Vanuatu
While the premise of granting economic citizenship for investors is the same, there are slight differences to each program. The world’s elite can choose the program that suits their needs, preferred investment route, and most suitable process.
The investment amounts also differ, for example, Dominica citizenship through donation starts at 100,000 USD, while investors looking to acquire Turkish citizenship must invest no less than a quarter of a million (250,000 USD) in real estate. So let’s take a quick gander at each one of these citizenship-by-investment programs.
Citizenship by investment programs
Each program has its own options of investments, minimum investment threshold, processing time, and more. Here is a quick overview of the programs that allow you to apply for citizenship by investment:
Citizenship in the Caribbean and South Pacific
We are grouping the Caribbean nations and Vanuatu together as they have very similar programs as well as highly comparable passports. The average processing times, required investment amount, and the application process itself is almost identical in all these nations, but it is in the details that you can find which one of these nations are the best for you and your family.
The nations of Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, Saint Lucia, and Vanuatu are all United Kingdom commonwealth nations and thus have strong passports which provide their holders with enhanced visa-free travel throughout the world. All the aforementioned nation’s passports grant visa free access to the European Union, United Kingdom, Hong Kong, and a lot of other attractive destinations.
Caribbean & Vanuatu Citizenship by Investment Programs