Citizenship by investment programs provide people with privilege of acquiring second passport of another country. Through citizenship planning, second passport holders may enjoy the benefits as a citizen, the rights to remain in the country with no restriction, the advantages of gaining higher freedom, privacy and security on both personal level and in wealth aspect. The follow content is to advise you real options with legal basis.
According to many researches, including the Knight Frank’s 2018 Global Wealth Report, 34% of of High Net Worth Individuals (HNWI) are holding at least 1 second passport, and another third are looking for one. In 2019, the same research shows significant growth on immigration desire for these HNWI, which is predicted to rise in the next 5 years. This is the result of government targeting global wealth with CRS for anti-terrorist funding and anti-money laundering, at the same time raising the bar for other immigration by investment options. When safety, identity and wealth are at stake, people can no longer have the patience to spend 5 /8 years to meet residential requirement in a foreign country and study a foreign language to naturalize, because insecurity is ruling over the HNWIs.
Citizenship Programs Which Are Considered Credible & Successful
Vanuatu citizenship by investment program is considered one of the fast track programs among all second passport programs, complete application process is from 45 days. Options start from USD 250,000.
St Kitts & Nevis has one of the strongest and most recognized visa free passports among all the Caribbean citizenship programs. Options start from USD 150,000 and the St. Kitts and Nevis Citizenship-by-Investment Program provides visa-free access to 151 destinations.
The Turkey passport can be acquired by setting deposit in the country or to purchase local properties. Investment fund starts at USD 500k and USD 250k.
Dominica citizenship by investment program has over 8,000 successful applicants, options involve at little as USD 100k, and government provide range of options in name changing and acquiring other additional identification proof documents.
The Cyprus provides applicants with attractive balance between the capital contribution and privileges they receive from the passport. Being a popular visa free passport, it offers holders visa-free access to 173 destinations and minimum financial requirement for the program is EUR 2 million.
The Malta as one of the world’s strongest citizenship by investment program providing its passport holders with visa-free access to 182 destinations worldwide, along with settlement rights in all EU member states. Options for obtaining Austrian citizenship start from EUR 1 million.
St. Lucia Citizenship by Investment Program offers global accessibility and opportunity by providing visa-free access to 145 countries and regions around the world. Investment funds starts from USD 100,000 and passports can be acquired in as little as four months.
Grenada government announced their citizenship program in 2013, provides variety of investment options starting at USD 150k.
Antigua and Barbuda offers competitive citizenship by investment program starts from USD 100,000. It’s price is one of the most competitive among all Caribbean countries.
Citizenship Programs Which Are Considered Scams in the Market
Marshall Island which are usually promoted for its visa-free privilege for travelling to the United States. However, it is confirmed by lawyers there are no specific legal act mentioning any valid investment path. According to the immigration act of Marshall Island, RMI citizen must reside in Marshall for 5 years to be entitled to any immigration privileges.
The Chile, Guinea, Malaysia are countries offer other sorts of immigration options, however it is confirmed that, no official law to these citizenship by investment programs. These are considered fake passports as people take advantage of system loopholes issuing passport by changing pass away resident’s information.
Cambodia citizenship by investment program previously had investment requirement of USD 300k, however, it is under going changes recently. Most find it not particularly useful as Cambodia passport does not resolve one’s accessibility concerns with only 54 countries /region visa-free access.
Guatemala is also another citizenship program with no official law to this program, set up by the Ministry of Internal affairs with a group of Chinese investors.
Mexico does not offer citizenship by investment, while there is no official law to such program, government only accept citizen by birth. In the market, law breakers obtain citizenship by providing non-official birth certification illegally.
Albania is often misrepresented as a European Union membership country. Specifically mentioned on their government immigration act, in order to naturalize, resident must have lawfully resided in the territory of the Republic of Albania, for at least 5 years. And have basic knowledge of the Albanian language.
Bulgaria, similar to Albania, there is no direct path to acquire citizenship. Investment program applicants will be granted a permanent residency status, then by doubling the investment after 1 year in Bulgaria, applicant is then eligible for citizenship application.
Ecuador and Slovenia have relatively similar naturalization procedures. While Ecuador government offers people with rendered relevant services to the country to be presented to the president and be granted with citizenship; Slovenia took a similar rule, additionally required contributor to fulfill residential condition. Most important of all, both countries never specified the definition of significant contribution.
Montserrat (British Overseas Territory) located on a gigantic active volcano, government offers Residency by Investment but not citizenship directly. Resident permit is renewable and valid for 1 year, applicant may apply for permanent residency and citizenship at 5th and 8th year time. It is also mentioned on the government website, property owners are responsible for their own well-being, as volcano eruptions occur often in Montserrat.
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