Obtaining a second passport is the key to obtaining many rights and benefits from other nations. Each country has different citizenship-by-investment programs for foreigners and their families, and it’s an important way to acquire a second citizenship. However, choosing the right country with an affordable program in addition to various benefits is also an important concern for everyone. So, for anyone in search of a second passport, the list below compiles the names of some countries offering the same.
Let’s see the details of the programs and various benefits associated with them:
- Antigua and Barbuda
Antigua and Barbuda is one of the major island countries that offers the cheapest citizenship by investment program for families. The country has one of the strongest passports that allows visa-free access to travel to 151 countries, dual citizenship and a better life. A person can obtain a second citizenship by contributing $100,000 to the government’s National Development Fund and the required application fee ranges from $25,000 for individuals to $41,000 for small families or married couples.
Dominica is another country that offers citizenship by investment at the most affordable prices for individuals and families. The national passport is a strong enough permit for dual nationality and allows you to travel to 139 countries without a visa. Individuals must contribute approximately $100,000 and $200,000 for a family of four to the government’s Economic Diversification Fund, plus an application fee of $18,300. However, you can also opt for citizenship by investing at least $200,000 in a property with additional fees on application.
Investing in Turkish citizenship through an investment program brings many benefits for the individual and their family in terms of financial, social, independence and ease of travel. Moreover, the Turkish passport is one of the strongest passports in the world, as it allows visa-free travel to 115 countries. Individuals can obtain Turkish passports by buying property or investing in real estate for around $250,000 as per their desire. However, there is no basis in designing an investment plan to earn money and recover the previous investment.
- St. LUCIA
Saint Lucia Citizenship by Investment is the most sought after and least expensive program on the list. Their passport is quite good, which makes it easy to travel to 123 countries without a visa. Individuals can apply for citizenship by contributing $100,000 to the National Economic Fund. Additionally, Saint Lucia also offers another opportunity to invest $300,000 in government bonds or real estate.
Grenada launched its Citizenship by Investment program in 2013, which has gained momentum due to various benefits. Like other countries, Grenada offers visa-free travel to approximately 130 counties, dual citizenship, and the freedom to live and work in the United States under the E-2 investor visa policy. Applicants can obtain citizenship by donating $150,000 for individuals and $200,000 for a family of four to the NTF (National Transformation Fund) with an additional application fee, which makes it even more lucrative.
Portugal offers several residences per investment program, making it one of the most sought-after countries in the European Union. Interested persons can only apply for citizenship after obtaining a golden visa and residing in the country for at least 5-10 years. In addition, the program requires an investment of EUR 350,000 or EUR 500,000 in the real estate sector.
Malta offers one of the cheapest passports in the entire European continent. Applicants can obtain citizenship in the country by donating a sum of EUR 750,000 or renting the property for EUR 16,000 for one year. One of the main advantages of the program is that it allows people to travel all over Europe and provides a European passport within one year.
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