That is why a second citizenship is so important, but it’s just the first step. Now, considering the price tag, what are the benefits of Montenegrin citizenship? Detailed information and comparison of ALL citizenship-by-investment programs in 2021. Real estate in St. Kitts is overvalued. But don’t forget what we said in the beginning of this article – there is no universal “best citizenship by investment” program – only the one that is the best for YOU. The best options are: Of these, my favorite is Panama. Panama offers the best tax deal and residency can be obtained for as little as $8,500 (single applicant) through their “favored nations visa” program. Are you expecting a response here? I guess you really have gone to where you are treated better. While there have been rumors of economic passport programs popping up in random Pacific islands over the years, there is currently only one offering passports by investment – Vanuatu. at present portugal passport ranks 6th (visa free access to 186 countries) in the world. Which country offers citizenship and passport without any requirement to visit or stay for a mandatory tenure.. your commentary alludes to perhaps the USA and other countries don’t consider passports from St. Kitts & Nevis, as well as other Caribbean countries to not be “real” passports…. Citizenship requires you to set up or invest in to an active business in the country. Which is last? Countries began blocking St. Kitts citizens from entry on grounds that the passport could be used to facilitate terrorism. I’ve compared the price to the number of visa-free countries, as well as access to the EU and United States. Also, offshore banks will continue to report to the IRS under FATCA, Uncle Sam and the IRS are way ahead of you. You’ll need to spend a good portion of your first twelve months of residence in Malta. The wealthy in these and other countries can afford the cost in exchange for the greatly increased travel benefits. I heard the rental yield is the highest in Europe. So long as you’re an American citizen, you must pay tax on your worldwide income. The problem with this list is that none of the countries are places where you might actually want to live. It will give you access to all of Europe, as well as visa-free access to the difficult-to-obtain Macedonia, plus the UAE. We personally understand your ‘why.’, The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success. It’s not the specifics of any one program that matter the most when determining whether it’s the best citizenship by investment program. In this article, we’ll walk you through each available citizenship by investment program in 2020 and look at how you can evaluate the relative quality and utility of each program and its accompanying passport. In an effort to woo investors again, Turkey’s government decided to offer citizenship to investors to the tune of $1 million. A second passport has many benefits, but it doesn’t allow you to cut out Uncle Sam. When you add in taxes and maintenance costs, you’re better off paying the fee. The business investment isn’t a “come and run your own business” scenario. Grenade or turkey. If you can comfortably kiss €650,000 goodbye, this is a great program that covers all the bases. If you want our expertise to assess your personal situation and recommend not only second citizenships but also investment opportunities, foreign bank accounts, and offshore company structures that will help you to increase your personal freedom to go where you’re treated best, feel free to reach out. Also I cannot find ‘russia’ in their list? A gentleman came to us and said his number one priority was to replace his passport with another Tier A passport before he renounced his US citizenship. Unless you’re a US citizen in need of a second passport to reduce your tax obligations (these people don’t have any alternatives but to renounce), there are different ways to achieve the same things in the investment immigration world. That’s not a good way to pick anything in life – and especially not a second passport by investment. what website are you looking at for information? Overall, we like Montenegro… as a country. If you have a large family, Antigua and Barbuda is worth your consideration. That makes it a winner in our books. Simple as that. There has been some political maneuvering on this point and the results are not yet known. ⤅ Alternatives to Citizenship by Investment, ⤅ The Best Passport vs. a Passport Portfolio. Quite frankly, we would prefer Montenegro never join the EU and remain an independent country. It doesn’t get you visa free in to the US… only Malta and Austria do that. It also allows you to live and work anywhere in the EU. Comoros did once have the cheapest instant passport worldwide, however this program was ended in 2016 by the new government. There are also business investment options. A sad reminder of how bad things can be in a third world country. Canada visa travel doesn’t work for Antigua anymore. Hi there, thanks for commenting. You can expect deeply discounted prices and fully digital processes now. “However, I 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, make Grenada redundant.”, Their programme is still running and there is a fast track to get citizenship in 2 years, recovering the investment in 4 years since starting the process. Who Might Need Citizenship by Investment? If this all sounds like rocket science to you, check out our citizenship by investment page where we give you a beginner’s crash course on all things citizenship by investment. Best of luck! In fact, it’s one of the longest naturalization timelines on earth. Coming in at $100,000, Dominica now has competition at this price point for solo applicants, but unlike other CBI programs, it does have a longer track record of being in operation to show for itself. The process can be a bit complicated because all properties need to be purchased on the same day and titled in the same office, meaning you can’t score a cheap Istanbul apartment and tack on a beach house in Antalya to qualify. If you’re seeking a “budget passport”, Dominica is one of the best value citizenship by investment options in the region. Citizenship by investment is a process by which an individual obtains a second passport and second citizenship by investing in the country ― usually in the form of property investment. Kotor, Montenegro is one of my personal summer homes. If you were born in the US, the bank will see this on your second passport and list you as an American, until you provide them proof you’ve renounced your citizenship. What they sell will always be ‘the best’ even though they know next to nothing about you and your individual needs. Dominica was the lowest-priced passport “for sale” on earth ever since Belize ended its $40,000 program years ago. This was a big issue back in 2014. This is a “we have businesses run by locals, give them $400,000” type of investment. The St. Kitts and Antigua programs are mirror images of each other. Malta is the ultimate example of ‘you get what you pay for’ as it comes with a lot of great benefits. Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia, and the United States. It would take you at least 20 years to get citizenship in a country like Andorra. Montenegro followed Malta’s example and created a hybrid system that requires a donation and an investment. • A family of 4 can also invest just $250,000 for 7 years (price reduced from $550,000; duration increased by 2 years). Your email address will not be published. In my opinion, this makes citizenship from St. Lucia a more private and “below the radar” purchase or investment. I prefer these smaller programs to the big names like St. Kitts which has received a lot of attention in the last few years. Since I first wrote this article, there has been a huge proliferation of citizenship by investment programs around the world and, in 2020, there are 12 programs currently available: If you don’t want to get into the full detail of each of these programs and want a little shortcut, we’ve got you covered. The best citizenship by investment program for YOU does. That is, as long as you’re willing to pay a bit of a premium to buy the government-approved real estate and toss in a donation. Perhaps the author of this article would be kind enough to touch upon the risks associated with unreliable nations (corruption index is good measure). It reissued them with the holder’s place of birth and any other names by which he or she had been known. Such a business is expected to employ a significant number of people and generate taxable income. Plus, Dominica has also lowered its prices for all family sizes: • Single applicants will continue paying $100,000, • Married couples will pay $150,000 (down from $175,000), • A family of 4 will pay $175,000 (down from $200,000), • Additional dependents will still cost $25,000 per person, and adult siblings $50,000. Expect it to drop a few notches in 2015. I became a citizen in Panama in 2013 after having lived in the country for 13 years. Group 2 offers travel to 173 nations including Canada. Malta has a great passport and gives you a lot of privileges, but that also means there are more strings attached. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. All second passports now list your country of birth. That said, if you’re looking for the oldest-running program that has heritage and stability, this could be a good program to go for. That’s right, the government bonds do not pay interest. It’s has been kept quiet by those hyping this passport, but I’ll give you the full story here. While nothing is confirmed, the donation is expected to increase to at least €750,000, residence requirements will likely go up, there will be a new €10,000 contribution to charity, and the real estate investment is expected to double while the annual rental expense will only increase by €2,000 bringing the total five-year rental cost to €90,000. and not only cost less but do not come without the baggage of a crumbling bloc of mostly socialist countries. It’s just getting started and no second passports have been issued as of this writing. The final component does not involve money as much as it involves time. The St. Lucia second passport program is new for 2016 and modeled after the Bulgaria citizenship program. There are several different components to Maltese citizenship by investment. Finally, while you’re on your quest for a second passport, it is important to note that the opportunities for citizenship by investment are constantly changing. It’s almost a shame to lump Vanuatu under ‘Other RBI programs, but it’s not just its location that makes it obscure. Greece is one of many countries in the EU that offers a Golden Visa residence permit that could one day lead to citizenship. Grenada allows you to make a (newly reduced) donation of $150,000 for a single person or $200,000 for a married couple in exchange for citizenship. Caribbean Citizenship by Investment Programs, While many Chinese, Arabs, Russians, and Indians may prefer an EU passport, westerners realize that “Tier B” passports (with good, but not great, travel privileges). Learn more about Antigua and Barbuda’s citizenship by investment program here. While St. Lucia originally required you to have a net worth of at least $3 million, they dropped that requirement in 2017. It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, Second Residence: How to Get a Residence Permit Overseas, The Best Citizenship by Investment Programs, Citizenship By Descent: How to Get an Ancestral Passport, International Investment: How to Invest in Emerging Markets, Malta’s citizenship by investment program here, Montenegro’s citizenship by investment program here, Turkey’s citizenship by investment program here. In the face of a global pandemic, CBI countries have lowered their prices or even launched special deals to claim the cheapest citizenship by investment program title. A second passport from Dominica will cost a family of four (applicant, spouse and two children under 18-years-old) about $250,000, plus $25,000 for each additional child under age 25. You can also invest the same $500,000 amount in a working company as venture funding or in bonds.Â. What Should UK Citizens Do Next? The best citizenship by investment program doesn’t exist. For more on  this, see: Best Panama Residency Program by Investment. Luckily, citizenship by investment isn’t the only way you can get a second passport. Plus, the real estate option involves extra government fees. In my family I have my wife, me and my four children who are below the age of 15 years old. Cyprus is the third smallest nation in the European Union and made it on to the world stage by seizing wealthy foreigners cash to bail out their banks during their 2013 recession. But that’s at least €650,000 that you’re not going to get back. Montenegro is at the top of the list of EU candidate countries. Montenegro’s passport also brings several benefits to the table. Expect it to cost around $1.85 million “all in.”. Do note that this is generalized advice and might not necessarily fit your personal situation. And Grenadian Citizens can get into China and Russia freely. So, if traveling to those countries is important to you and you plan to make Montenegro your main passport, keep that in mind. Seems to offer a very attractive path to EU citizenship. These programs streamline the application process, provide a straightforward path to citizenship in a matter of months, and are open to (almost) anyone with a clean criminal record. If a passport’s value were wholly defined by its travel privileges alone, the United States would have among the world’s 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 one’s 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, and see how we can help. Turkey’s 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. We were looking at Portugal. Comoros citizenship by investment program provides you the opportunity to legally acquire a new nationality and a Comoros second passport promptly whilst enabling global mobility for you and your family. Sure, Antigua and Barbuda offers more options for investing, but it really depends on whether you’re single, married, or have a family to determine whether Antigua delivers the best value for you. What about Bulgaria. The government uses your donation to build up the country by investing the funds in various projects around Malta that help the citizenry, so you can feel good about your donation. Dominica started its program back in the 1990s and has earned itself the title of offering the best value passport out there. A Russian couple applied for our help. Ranked by the IMF as the sixth poorest country in the world with GDP of $614 million last year, Comoros has experienced more than 20 coups and attempted coups since it became independent from French rule less than 40 years ago. The current version requires an investment of $250,000 in an approved real estate project. Residence is granted with acceptance and processing of your clean background check. Russia requires you to invest in to a business or setup your own venture that will employ a number of people and generate tax revenues to the country. By comparison, Dominica gives you visa-free travel to 91 countries and is thus in the 41st tier. And as perhaps the only person who covers the second citizenship scene to have personally been through four citizenship by investment programs, I am uniquely qualified to speak on this subject.Â. Today, you can invest the Turkish lira equivalent of. Here’s my list of the 10 best second passports for sale. In order to bring back international deposits, and ensure these investors wouldn’t face a similar fate, Cyprus began offering passports and citizenship with investments of €2.5 million. First, you’ll need to invest €150,000 in zero-coupon government bonds for five years. can you explan it ? Can you please elaborate on the following statement in the article. Like its Caribbean counterparts, Dominica has announced a slew of post-covid changes that make it more appealing to foreign investors. Grenada’s most interesting features are visa-free access to Russia and China, as well as being the only Caribbean CBI to be part of the United States E-2 treaty program. The first one is the classic donation, which is currently €650,000. Because of the value of the ruble to the US dollar, the Russian offer is one of the most cost effective… and the only from a world power. Or do you simply want to work towards a passport in a cheaper way? These so-called economic citizenships are largely valuable to three types of people. So long as you’re an American citizen, you must pay tax on your worldwide income. We currently hold Indian passport, Interested. Learn more about St. Lucia’s citizenship by investment program here. If we ranked the twelve citizenship by investment programs based solely on travel privileges, Malta would come in at number one, followed by Cyprus. Join our email list and we’ll send our best articles, videos and exclusive content right to your inbox.Â. And one of the main goals for Nomad Capitalist is to make sure that all of one’s bases are covered, from where you bank to where you hold passports without becoming obsessed with ‘shiny objects’ like Mediterranean villas. Citizenship-by-Investment Options. ⤅ The 12 Citizenship by Investment Programs Available Now. Hi, what would be the best choice to get a Moroccan family a European country citizen ship? If anyone tells you different, or they claim to have a guy who can “hook you up,” run the other way.Â, A Word of Advice to US Citizens on Second Passports. EUR 250,000 one time investment in development projects approved by Government plus EUR 100,000 contributionto Government (Grant + Investment model. Thanks. A passport portfolio is a collection of several different passports that work together to expand your visa-free travel privileges, relieve your tax burdens, increase your privacy and freedom, help you gain access to investment opportunities, give you political diversification, and more. I wonder if you can assist in my application. St. Kitts and Nevis’ citizenship by investment here. for as little as $8,500 (single applicant) through their “favored nations visa” program. All of these are scams…. only an informative here in Brazil directly 6millions of people can request Italian citizenship and indirectly counting with children and husband or wife about 30 million of abitantes, in the state of santa catarina approximately 3,500 people can apply for citizenship in luxemburgo, already I am taking the Italian and Soon I’m going to Chile that has a citizenship program for proof of income for investment, even though it’s great and I do not need to be too stuck in Chile, I can travel a lot. Malta and the US have a, , which operates a bit differently from other systems.Â. There has been immense competition among the Caribbean CBI programs this year, since the global COVID-19 epidemic grounded most of the world’s planes and left the tourism-dependent islands stranded and yearning for cash. Also, offshore banks will continue to report to the IRS under FATCA. This was shortly after the Turkish lira plunged to an all-time low against the US dollar and ongoing acts of terrorism had driven Istanbul real estate sales to fresh lows. What do you think? For a program that is described as a flagship of citizenship by investment. Uruguay (3 years if married 5 if single). A second passport from an EU country (Bulgaria, Hungary, Malta, Cyprus or Austria) also gives you the right to live and work anywhere in the European Union. Residency by investment is not the same as citizenship by investment. First, let’s talk about how to value a second passport. The first is the prospect of EU ascension. Whether you are looking for a European, Caribbean, a cheap or simply the best passport… This in-depth guide has all the answers. Your citizenship may not be revoked, regardless of … You must have a new passport in hand before you dump your blue travel document. If you want to bypass all this and secure yourself a second passport in as little time as possible, you’ll need a citizenship by investment program. There are three or four citizenship programs in Europe, depending on who you ask. At a price of USD 45,000 for an individual or about USD 85000 for an entire family, Comoros’ citizenship-by-investment program is the world's most affordable. 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