10 Best Countries That Offer Citizenship By Investment
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What exactly does citizenship mean? You are given citizenship by a state and are therefore automatically entitled to a number of rights and privileges you wouldn’t normally have. Which includes: The right to live and travel freely in the country, as well as in other countries with which the nation has special agreements with, the right to vote, The right to work. In return, you accept the responsibility of complying with the laws and rules of the respective state.
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. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire.
Here are some countries with popular citizenship by investment programs.
1. MOLDOVA
NOTE. Moldova’s Citizenship by Investment program has been temporarily suspended by the Government.
Moldova previously offered one of the lowest priced passport investment options in Europe through its Citizenship by Investment program (MCBI). Originally launched on 5th November 2018 the east-European country was offering citizenship through donation from €135,000, plus costs.
Although not part of the EU, Moldova is in Europe and offered an alternative to the Caribbean passport program with residency a potentially attractive option and a passport offering visa free access to 122 countries.
2. MONTENEGRO
Investment Program requires applicants to make a defined economic contribution to Montenegrin society through an investment in an approved development project, and a capital contribution to a fund designated by the government for the advancement of under-developed areas. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families are granted citizenship.
Benefits of Montenegrin citizenship include: Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, and Turkey
-Citizenship in a country that is an official EU candidate country
-Citizenship in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO
-Full citizenship granted to the applicant and included family members, just to name but these.
3. VAUATU
Citizenship by investment in Vanuatu is available to applicants who invest from $130,000 into a local development fund. Vanuatu, a chain of 80 islands in the south Pacific to the east of Australia is part of the Commonwealth. The official languages are English and French.
Vanuatu has the only Citizenship by investment program in the Asia-Pacific Hemisphere. The program offers one of the fastest citizenship and second passport programs available for investors. The investment requirement is $130,000 for a single applicant and $180,000 for a family of four plus fees. The government of Vanuatu has also confirmed it is possible to make payment in Bitcoin for the citizenship by investment program. Although the government of Vanuatu will not take payment direct in Bitcoin, authorized agents are able to take payment but funds must then be remitted on to the government in USD.
4. SAINT LUCIA
The St. Lucia Citizenship-by-Investment Program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application process and due diligence checks, the applicants and their families are granted full citizenship. The St. Lucia Citizenship-by-Investment Program is regulated by the Citizenship-by-Investment Act No. 14 of 2015.
Benefits of St. Lucian citizenship include the following: -A St. Lucian passport provides visa-free or visa-on-arrival travel to 146 destinations including Europe’s Schengen Area, Hong Kong, Singapore, the UK, and many others.
– Residence or visitation is required.
-Applicants are able to include a spouse, children under 30, siblings under 18, and parents aged 55 and over, after they have been granted citizenship.
– Attractive investment and processing costs.
-St. Lucia recognizes dual citizenship.
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