Citizenship by investment is a legal way through which well-off individuals can obtain second citizenship rather quickly for a defined investment or donation in a government specific project. These are also known as “economic citizenships” and quite valuable for two categories of people;
- People is war-torn countries can renounce their existing citizenship and obtain a second passport! If you are well off, the cost value of an economic citizenship might be far less than the tax and compliance costs of still being a citizen in your native country.
- Citizens in the struggling economies looking for opportunities such as the third world countries are largest investors in citizenship by investment Well-off individuals can easily bear the cost in exchange for the transit and stay.
The best citizen opportunities for you
Cyprus is a member of the European Union and so far, offers the fast-track to naturalisation within just 57 days approximately but only in case the process takes a smooth start. However, with leaps and bounds after the referendums in the EU, it may take a year to legally obtain the citizenship.
You can obtain it with an investment of 2.5 million euros in a government-based real estate project, bonds, deposit in a Cyprus bank or be a stockholder in a new company (only for a group). In case you’re investing alone for a new company, the amount would double by 5 million euros.
The citizenship by investment programme of Malta is one-of-a-kind, granting you access to both the European Union as well as Schengen Area. Many out there consider Malta a better deal than Cyprus however, it requires government donation alongside the typical fees associated to the programme.
Besides the individual and family donation, you need investing 150,000 euros in the Maltese government bonds or stocks for a five-year term. Even that’s not all, you further need to purchase a home that’s worth 350,000 euros or enter a five-year rental agreement for 16,000 euros per year.
The deal is rather expensive but comes with lots of benefits so if you can bear the expenditure, don’t turn away from it.
- Kitts & Nevis
The original economic passport program is managed by the government of St. Kitts and Nevis and the many Caribbean programs we see today are derived from this particular one.
Even the initial requirements are simple; all you need is to buy a government approved real estate or donate in the Sugar Fund for a start. Regulation charges are fewer in the case of Sugar Fund donation as compared to real estate, however; both procedures will take almost six months for successful execution.
Ever since Belize ended its $40,000 citizenship program years ago, Dominica is the lowest-priced passport to exist on Earth so far. It recently started the real estate investment option but overpriced and somewhat fewer options are offered, so far.
The visa-free access grant to Schengen Area in the Europe raised its worth almost equal to the St. Kitts and Nevis while taking four to six months for completion.
Obtaining legal citizenship status for any of the above countries comes with lots of benefits that are simply undeniable.