program under Other RBI programs, but its not just its location that makes it obscure. You make a donation (and now, more recently, you can also invest in real estate) and theyll give you a passport in just two to three short months. , but that price tag has reverted back to the original $195,000. In some cases, you have to spend a short time in the country each year in order to maintain residency but the residency requirement will be different for each program. In this article, well walk you through each available citizenship by investment program in 2022 and look at how you can evaluate the relative quality and utility of each program and its passport. Citizenship by Investment Calculator - Best Citizenships If you have a large family, Antigua and Barbuda is worth your consideration. These are called citizenship programs. Yes There are three investment options to choose from, including paying a minimum of $200,000 into the National Development Fund, buying property, or investing in a business. If you are interested you should begin the process now. Which countries offer citizenship by investment? St Lucia vs Dominica Citizenship 2023 Comparison Guide This article discusses North Macedonia citizenship by descent, its procedure, eligibility Is tax applicable to non-residents in New Zealand? Dominica started its program back in the 1990s and has earned itself the title of offering the best value passport out there. Tax laws in most countries are extremely complex and varies for dual citizens. All rights reserved. Here at Nomad Capitalist, we approach second citizenships from the mindset of an investor: you should never keep all your eggs in one basket. 36 months, fast track option of 12 months. We use cookies to ensure that we give you the best experience on our website. ), Unlike Maltas straightforward residence options (especially the. If you can add a Tier A citizenship to your passport portfolio through one of the other available methods for instance, Italian or even Irish citizenship by descent you wont need to spend $1 million or more to add an EU passport like Malta to your portfolio. Depending on the country, there are usually specific requirements for the investment you can make, and different benefits associated with the passport you acquire. It is a residency program that can eventually lead to citizenship through naturalization, provided that you fulfill the Golden Visa investor requirements first. The Caribbean is home to five citizenship programs, including the oldest such program in the world. If you increase your donation to. Countries Offering Citizenship by Investment | Golden Visas TOP 10 Citizenship by Investment Programs in 2023 - IMMIGRANT INVEST The Greek program also requires that applicants spend 183 days per year in Greece, for 7 years in order to get a European passport. In the beginning, their requirements were a bit more stringent. You dont know how long it will be available for the taking. Its also got a flawless reputation on the investment immigration scene and fully-digital processing of all paperwork, which is especially important when a global pandemic is going on. The best citizenship by investment program doesnt exist. We are practitioners, not theorists. Naturally, a passport is an extension of this. Each citizenship program will have its own specific criteria set forth by a government through which an individual is able to apply for and, in return obtain the nations citizenship via an investment for themselves and family members (for example into real estate, a capital transfer, an investment fund or through a donation into the development in a certain area). The vast majority of countries do however demand the following: A transfer of funds or government bonds is usually the fastest way of becoming a citizen by investment. St. Lucia is one of the newest citizenship programs in the Caribbean, launched in 2016. The United Kingdom also offers a pathway to citizenship by investment, which you can learn more about here. Some key questions to bear in mind before you even begin to consider pursuing citizenship by investment (CBI) are the following: These are just some of the questions that you should be asking yourself before choosing a country or program. To be clear, economic citizenship is for people with a pressing need to have another passport now, be it for tax reasons, business, or travel. Citizenship by investment (CBI) programs have become increasingly popular, with several countries now offering some form of program. However, access to China, Russia, and the USA could make the higher price tag worth it depending on your needs. In a globalized world, the importance of citizenship planning is paramount and is not to be underestimated. Obtaining a second citizenship can be extremely rewarding, opening up countless opportunities for yourself and your family members. The very popular Quebec Immigrant Investor Program (QIIP), which used to eventually lead to Canadian citizenship, has been suspended until April 2023. It will give you access to all of Europe, as well as visa-free access to the difficult-to-obtain Macedonia, plus the UAE. Some countries which offer the opportunity to obtain citizenship by investment are Portugal, Greece, Malta, Spain, St Kitts and Nevis, and Grenada. If you increase your donation to 750,000, you can reduce the wait time to one year. Let us know your goal and we will tell you how we can help you based on your details. What they sell will always be the best even though they know next to nothing about you and your individual needs. As a tropical Eastern Caribbean Island with a high earning population, good safety records, and a variety of landscapes to soak in, Saint Lucia has everything, including a competitive citizenship by investment program. Never has freedom of movement been so great. If you purchase real estate in the less-populated skiing and agricultural regions in the north, you must invest at least 250,000. , you can reduce the wait time to one year. 02 Jun Comparing Caribbean Real Estate CBI Programs Obtaining second citizenship through Citizenship by Investment programs (CBI) is becoming an increasingly popular trend among high-net-worth investors. Just dont forget that Dominica has additional fees that apply when one chooses the donation investment route. The St. Lucian government knows what it stands for and is unafraid to do so thats an admirable quality. But if you are a six-, seven-, or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money, and simply getting the few extra things that Malta could give you elsewhere. Citizenship To become a citizen of the United States, a person must either be born to a U.S. citizen, born to foreign nationals present on American soil, or go through a process of naturalization after obtaining an EB 5 visa for long-term permanent residency. Citizenship by Investment Calculator. However, key differences between the two programs exist and its important to know what these differences are. Citizenship by investment is a process by which an individual obtains a second passport and, Note that while some countries do not have, You can see more about the United States EB5 Visa, You can see more about the United States E2 program, The United Kingdom also offers a pathway to citizenship by investment, which you can learn more about. Either way, youll receive a second passport out of the deal. So, if you feel comfortable doing that, you can obtain your passport this way. How To Obtain US Citizenship by Investment | EB5AN Donald Trump Renews Call For Birthright Citizenship Ban And the reason? . VERDICT: Turkeys program is interesting in that you stand a decent chance to get your money back and even turn a profit on its economic citizenship offering. Each country has a different set of requirements that investors must fulfill in order to obtain citizenship. With two investment routes available, it has particularly affordable real estate investment options of $200,000. The key is to diversify across different country characteristics. The Montenegro program was launched in 2019 and is open until the end of 2022. Citizenship By Investment (CBI) has emerged as an increasingly popular avenue for individuals seeking to acquire a second citizenship and expand their global mobility. If we ranked the twelve citizenship by investment programs based solely on travel privileges, Malta would come in at number one, followed by Cyprus. If youre seeking a budget passport, Dominica is one of the best value citizenship by investment options in the region. Testimonials It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. With non-refundable donations priced at only $100,000 for singletons, couples and families of up to four people, it offers exceptional value. You couldnt always buy a passport. Citizenship by investment programs are fickle; they come and go. There are other options that are easier, less expensive, and less bureaucratic than obtaining a second passport by investment. and not only cost less but do not come without the baggage of a crumbling bloc of mostly socialist countries. Antigua is the only Caribbean CBI to offer visa-free travel to South Africa, but thats about it. However, we would suggest that anyone getting an economic citizenship consider getting a real second passport as well, and that other passport might also offer those benefits, thus making Grenada redundant. Lets face it, not everyone has the need nor the finances to seek economic citizenship. Citizenship by investment is a process whereby wealthy individuals can obtain second citizenship in a matter of months in exchange for an investment or a donation made to the country in question. October 1, 2020 The following are quick comparison list of countries offering "Citizenship-by-investment" (CBI) vs "Residency-by-investment" (CBI) programs available to third nationals.. Here, you can ultimately gain United States citizenship by naturalization. More info. These and many other questions need to be fully taken into consideration to determine the best citizenship by investment program for you. The biggest challenge for Vanuatu is its ever-changing requirements and unclear policies on what is essentially an honorary citizenship. Affordable investment options Grenada vs St Kitts comparison: At a Glance Grenada Citizenship by Investment Grenada also called 'The Spice of the Caribbean' is praised for its beautiful nature, tranquility, and relaxed lifestyle. If youre a western citizen, the deep discount of Caribbean programs over European Union citizenship programs can be quite appealing. Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia, and the United States. VERDICT: We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. Nonetheless, weve helped a handful of clients navigate its labyrinthine rules and obtain the passport. It is quite simple, really. Citizenship By Investment: Where to obtain a Passport in 2023 is one of the most popular citizenship by investment programs in Europe. Often when people talk about how you can buy a passport, they talk about citizenship by investment or CBI. That said, if youre looking for the oldest-running program that has heritage and stability, this could be a good program to go for. Have greater freedom of mobility and pursuit. If you are an entrepreneur or investor looking for other legal alternatives, feel free to reach out and see how we can help. COUNTRY OATH 6. Investing in real estate can in some cases be more costly and involve more paperwork and bureaucracy. And as perhaps the only people who cover the second citizenship scene, with Andrew going through four citizenship by investment programs, we are uniquely qualified to speak on this subject. Basically, it offers a simplified procedure to live part-time in the US as a business owner, and that makes it rather attractive to many people. Due to the purely economic nature of this transaction, you may have heard people refer to this as an economic citizenship, or they simply throw around the idea of buying a passport.. Malta is the ultimate example of you get what you pay for as it comes with a lot of great benefits. Golden Visas are not the same as citizenship by investment. This is a unique investment migration scheme where the applicant can secure Montenegro citizenship to 2,000 investors for a qualifying minimum investment of 350,000. This is a middle-of-the-road passport with decent travel privileges. Having the answers to these questions will ultimately help you decide which citizenship by investment (CBI) scheme to go for. You can achieve deeper diversification by creating a portfolio of passports. In fact, only Vanuatu a tiny island in the Pacific is actually worthy of a mention. Its recently taken solid steps in straightening out the program and making it more understandable to foreign investors, so it might still appeal to certain investors. St. Lucia was the first Caribbean country to offer a discount in response to COVID-19, lowering the investment minimum for its government bonds option. If you are interested you should begin the process now. How much money do I want to invest to acquire citizenship? If youre earning high six- or seven-figures, you may find buying citizenship easier and cheaper on a time-cost basis than the longer, more elusive naturalization route. It does reject applicants and it has proven that its capable of revoking citizenships (unlike Cyprus). However, most people trying to sell you global citizenship will make it seem so. He had over $100 million and was willing to pay $800,000 to get European citizenship immediately, Solution: Citizenship by investment in Malta. There are two countries tied for this title: Dominica citizenship by investment and S, If a passports value were wholly defined by its travel privileges alone, the United States would have among the worlds best citizenships and no one would be calling us to ask for help, And one of the main goals for Nomad Capitalist is to make sure that all of ones bases are covered, from where you bank to where you hold passports without becoming obsessed with , If you are an entrepreneur or investor looking for other legal alternatives, feel free to, Montenegros citizenship by investment program here, Turkeys citizenship by investment program here. After six months you can secure a passport from St Kitts and Nevis. Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. What passports do you currently have, and which ones would you like to have? Ok, some might say that Turkey isnt fully European, but we decided well give it the benefit of the doubt. But it does not come cheap. , you will need to make an investment in government-approved real estate in one of two tiers. However, no one can buy a passport legally, but with citizenship by investment programs you can ultimately obtain a second passport more quickly and easily than through other immigration methods. If you want to bypass all this and secure yourself a. in as little time as possible, youll need citizenship by investment. If you dont want to get into the full detail of each of these programs and want a little shortcut, weve got you covered.