Commonly referred to as an economic citizenship, there are programs available around the world that enable you to receive a second passport by investing in different countries. Depending on your personal situation, an economic citizenship may or may not be something that you should be looking into. There are 3 main components included in a citizenship by investment passport: faster processing, lower prices, and a reputable travel document. Below are some of the most popular citizenship by investment programs around the world.
You can buy a citizenship to Comoros for $45,000, making it one of the cheapest citizenships available but there are downsides to their program. Though you won’t have to worry about very many government fees and it should only take a few months to get a second passport, you only have access to 44 different countries, most of which are located in Africa. There’s also been talk about travelers being branded as terrorists in some locations with a Comoros passport.
With a Dominica economic citizenship you will have a reputable and quality passport. As the 41st ranked economic citizenship program in the world, you’ll have access to 119 countries. As of August 2016 you can know that you’ll get what you pay for as the citizenship is said to increase from $100,000 to $175,000, with government fees on top. To get your passport it can take 6 months at the most and you’ll have special traveling options to the UK and the Caribbean.
The country of Grenada previously disabled the economic citizenship program but they reinstated it in 2013. All you will have to do is make a donation of $200,000 to their National Transformation Fund and have your citizenship in around 12 months. You also won’t have to worry about traveling to Grenada in order to qualify for citizenship. There’s the second option of investing a minimum of $350,000 in real estate to get approved for their economic citizenship program, though you won’t be able to sell your property for 4 years. Visa-free access to 121 countries will be yours with a Grenada passport.
4. Antigua and Barbuda
In comparison to Grenada, Antigua and Barbuda offers a similarly priced economic citizenship program for second passports, though they have a shorter timeline. You will donate $200,000 to their National Development Fund and be approved for citizenship in up to 4 months. In the event that you want to invest more in the country, you can use at least $400,000 in approved real estate or a business venture to qualify. Owners will have visa-free access to over 134 countries around the world.
5. St. Kitts and Nevis
To receive citizenship from St. Kitts and Nevis you can make a one-time donation of $250,000 to the Sugar Industry Diversification Fund. Their citizenship program has been in operation for over 30 years and the typical processing time for your second passport is between 4 and 6 months. Much like other Caribbean nations, you can make a real estate investment of $400,000 with the stipulation that you don’t sell your property within 5 years. There are 132 countries that you can visit visa-free.