How to Obtain a Second Passport Through Investment: Top 15 Countries
Are you considering acquiring a second passport for global mobility, ease of conducting business, securing tax incentives, or simply to enjoy the full benefits of living or retiring in a particular country? Citizenship by investment (CBI) and residency by investment programs have become increasingly popular for affluent individuals seeking these perks. In this blog post, we’ll explore the top 15 countries offering the easiest ways to obtain a second citizenship through investment.
1. St. Lucia: A Caribbean Jewel with Excellent Global Access
St. Lucia offers citizenship by investment through various channels, with the most affordable option being a donation of around $100,000. This increasingly popular option provides visa-free travel to over 140 destinations and boasts well-developed hospitality and financial sectors.
2. Dominica: The Nature Island of the Caribbean
Dominica requires a minimum donation of $110,000 for citizenship through its CBI program. Benefits include tax incentives and visa-free travel to 152 destinations. Many recipients choose to relocate to the island after exploring its unique economic and lifestyle advantages.
3. Vanuatu: The Oceania Paradise
Vanuatu offers a CBI program requiring an investment of just over $130,000 in the country’s economy. However, the European Union has suspended visa-free access for Vanuatu citizens in the Schengen area. Visa-free entry is still allowed to 95 countries.
4. Costa Rica: A Beautiful Retirement Destination
Costa Rica offers a residence permit for a modest investment of $100,000 in real estate, forestry projects, or local businesses. After holding residency for at least five years, applicants can apply for citizenship and a passport.
5. Antigua and Barbuda: A Caribbean Hotspot
Antigua and Barbuda’s CBI program requires a minimum donation of $140,000 to its National Development Fund or purchasing real estate with a minimum value of $200,000. The program offers tax incentives and visa-free travel to more than 140 countries.
6. St. Kitts and Nevis: Pioneer of CBI Programs
St. Kitts and Nevis’ CBI program requires a minimum investment of $150,000 and offers a vast majority of lifestyle and tax perks, including visa-free travel to over 140 countries.
7. Grenada: A Breathtakingly Beautiful Island Nation
Grenada’s CBI program starts at $150,000 for a donation to a government fund or real estate purchases from $220,000. Benefits include dual citizenship, a tax-friendly environment, beautiful beaches, a sublime climate, and visa-free travel to more than 140 countries.
8. Anguilla: A British Territory with Stunning Beaches
Anguilla offers a golden visa granting permanent residency within a few months in exchange for a minimum investment of $180,000. After five years of residency, it’s possible to apply for British Overseas Territory citizenship.
9. Cambodia: A Lesser-Known CBI Program
Cambodia’s CBI program requires a minimum donation of $250,000 or a $300,000 investment in authorized projects. The program is less transparent and offers fewer perks than other options.
10. Greece: A Golden Visa Residency Program in a Stunning Location
Greece’s Golden Visa Residency Program requires a minimum investment of $280,000 in real estate. After seven years of residency, applicants may qualify for citizenship.
11. Portugal: A Popular European Destination
Portugal’s Golden Visa program requires a minimum investment of $280,000 in the Portuguese economy. After five years, investors can apply for a Portuguese passport.
12. Spain: Spain’s Golden Visa Program
Spain is a top destination for investors and retirees due to its weather, beaches, culture, and affordability. While not offering a fast-track citizenship program, Spain’s Golden Visa program does provide residency in exchange for a qualifying investment of at least $500,000. After maintaining residency for at least seven years, applicants can apply for full citizenship.
13. Turkey: Turkey’s Swift Citizenship by Investment
Turkey’s Citizenship by Investment program is the quickest route to obtaining a Turkish passport. Applicants need to invest $400,000 in its real estate market and can get entitled to a Turkish passport in less than four months. This program is particularly popular among investors from third-world countries, as it provides visa-free or visa-on-arrival access to almost 110 destinations.
14. Montenegro: Montenegro’s CBI Program
Montenegro offers a CBI program that enables qualifying investors to obtain passports in exchange for a defined investment of more than $350,000 in government-approved real estate projects. With Montenegro’s planned accession to the EU in 2025, its passport’s value is set to increase greatly. Currently, it allows visa-free travel to 124 countries and territories, including the Schengen area.
15. Curacao: Curacao’s Unique Investor Permit Program
Curacao grants an investor permit program, which provides access to the Netherlands and the rest of the EU. To qualify, an applicant needs to invest almost $300,000 in one of its local businesses and hold this residency for at least five years to apply for Dutch citizenship.
Citizenship by investment programs provide an excellent opportunity for high-net-worth individuals to broaden their global mobility, access better business prospects, and enjoy various lifestyle benefits. These programs, offered by countries like Spain, Turkey, Montenegro, Curacao, Portugal, Greece, Cambodia, Anguilla, and Grenada, cater to diverse investment preferences and long-term goals. By carefully considering your objectives, investment capacity, and desired benefits, you can choose the right program to obtain a second citizenship or residency, ultimately unlocking a world of opportunities and expanding your horizons.