When we look at the present-day conflicts that seem to have no end, we understand that a second passport is a must-have rather than a whim or a privilege of the rich. There are quite affordable programs that make it possible to obtain a strong passport with many perks and use it whenever you need. There are many citizenship-by-investment offers, and they vary by price, term, and conditions. Some of them are more relaxed as to the requirements for potential economic citizens (like the Caribbean ones), while others are more picky (like the Maltese program). One thing is clear, though: there is something for everyone in the second passport market.
Welcome to our portal if you want to know more about second citizenship programs. If you are at a loss as to what to choose or you have no time to read all the conditions just to find out which country suits your needs, you can book a session with our expert to discuss it. We will find the best jurisdiction for you at no cost! And if you need help with all the administrative issues (and you will need assistance anyway as the immigration authorities only accept documents from licensed agents and they don’t work with individuals), we can help you get a second passport at a reasonable fee.
Grenada Economic Citizenship Program
Grenada is a perfect country for you if speed and affordability are among your priorities. It offers favorable conditions and has an excellent reputation. A Grenada passport will give you the right to visit Schengen countries and China without a visa, and you will also be able to receive a US E2 visa (investor’s visa) without much hassle.
There are two ways of becoming a citizen of Grenada:
- Make a non-refundable donation of 150,000 US dollars (if you apply solo) or 200,000 US dollars (for a couple).
- Buy government-approved real estate that you will be able to resell in 5 years. The minimum required investment is 220,000 US dollars.
St. Kitts and Nevis Economic Citizenship Program
This is the oldest citizenship-by-investment program in the world launched back in 1984!
The requirements for potential citizens are almost the same as in Grenada:
- Non-refundable investment in the government fund (200,000 US dollars)
- Buying real estate projects approved by the government (400,000 US dollars). This investment is recoverable, and you can resell the property in 5 years if you want to. Otherwise, you can rent it out to get your passive income.
Main benefits:
- You can use an accelerated procedure at an additional fee to obtain your second passport within 45-50 days, which is really quick.
- You can enter all Schengen states, the UK, and Russia without a visa.
- You will not have to pay any income tax on your worldwide profits if you are a tax resident (however, this requires living in the country for at least 183 days a year).
Vanuatu Economic Citizenship Program
Let’s move away from the Caribbean and look at other destinations.
The Pacific state of Vanuatu offers a unique opportunity to obtain a foreign passport by making investments in cryptocurrency via a hired immigration agent!
There is only one investment option available: you can make a non-refundable contribution to the state fund in the amount of 145,000 US dollars. You will get your passport within about two months without any additional fees, which is an advantage.
A Vanuatu passport will give you the right to enter EU countries, the UK, Ireland, and Russia without a visa. And if you want to become the country’s fiscal resident and pay no income tax on your earnings worldwide, you will have to live in the country for most of the year.
Turkish Economic Citizenship Program
Turkey offers different investment options to prospective citizens, and the good news is that all of them can be recovered within three years:
- You can invest 400,000 US dollars in Turkish real estate.
- You can make a deposit of 500,000 US dollars with a Turkish bank or invest the same amount in Turkish business, state bonds, and investment/venture funds.
- Finally, you can create 50 jobs for the locals.
Mind that the cost of the real estate should be confirmed by a local appraiser to qualify for the program. However, you can choose any real estate you like – not just the one approved by the government as in other programs.
Malta Economic Citizenship Program
If you need an EU passport and you are ready to invest considerable amounts, you can choose Malta. This is not the easiest way to acquire citizenship as this is a reputable jurisdiction that sets a lot of requirements. You should be prepared to invest more than a million dollars, prove close ties with the country (which usually means living in it for one year before you can apply for citizenship), and pass a “fit and proper” test (you will have to prove that the money you are going to invest has been earned lawfully and you are a law-abiding citizen on the whole).
You will have to make two kinds of investments:
- A non-refundable donation of 590,000 US dollars to the Maltese National Development and Social Fund (and live in the country for three years before you qualify for citizenship) or 740,000 euros (if you want to live for one year only). If you apply with dependents, add 50,000 euros for each of them.
- Buy real estate in Malta that costs at least 700,000 euros (you will be able to resell it in five years if you want to). The real estate market is rather stable and the prices usually grow little by little, so you will not lose anything. As an alternative, you can conclude a 5-year rental agreement with the price of 16,000 euros a year or more. It sounds like a much more modest investment, but it is non-refundable in this case. And if you opt for it, you will also have to donate 10,000 euros to an officially registered charity.
If you want to have an EU passport, Malta is the only option available right now.
Want to know more? Follow the link above to discover other programs available or get in touch with our experts to discuss your situation and obtain second passports for the whole family – or just for yourself. Do not delay obtaining second citizenship as no one knows what the future keeps in store for us.