Download our Citizenship By Investment Comparison Table to see at a glance which options are right for you…. All currently available citizenship-by-investment programs. You can choose to work with a world-famous service provider and pay tens of thousands of dollars in fees, or with a much smaller firm and pay a fraction of that amount. In both cases – donation or real estate investment – you’ll receive a passport that has visa-free access to 131 countries. Australia, Russia and most of South America are also off-limits to Saudis unless they obtain a visa. So, if you’re leaning towards Vanuatu’s citizenship program, it’s wise to exchange your fiat currency – rather than cryptocurrency – for their passport. This is a non-refundable donation to the islands. The process of obtaining Icelandic citizenship is tough, but doable. It offers the lifelong benefit of having more options for living, traveling, doing business, investing, and potentially even saving you a fortune in taxes. St. Kitts boasts the highest number of visa-free countries of all the Caribbean options. 82 out of 198 passports in our passport ranking, Saint Lucia’s official citizenship by investment website, 76 out of 198 passports in our passport ranking. In Notes, you will also learn about the latest developments in the field of economic citizenships and citizenships by descent. Total Access members can now obtain passports from Saint Lucia, as well as Antigua and Barbuda, for less than anyone else in the world. Grenada reduced its donation option from $200,000 to $150,000 (plus fees) for a single applicant. However, you can also qualify by investing in a local enterprise, government bonds, or a real estate or venture capital fund. The first one is a passport’s reputation. So, while these are certainly objective measures, valuing a passport and citizenship still comes down to your individual situation – are you looking to renounce your citizenship, or do you want to retain your citizenship and take advantage of your second passport? Its citizens cannot travel visa-free to the US, China, Japan, Germany, France or the United Kingdom… adding barriers to entering countries with a Gross Domestic Product (GDP) of $2 trillion or more. However, just like with taxes, most countries will not make you go through with military service if you don’t live there. And after living there for approximately five years, you can apply for citizenship. You could invest in real estate, a Cypriot business that employs five local citizens, bonds or securities of a Cypriot business licensed by the Securities and Exchange Commission, or a combination of these choices. Cyprus and Bulgaria (which we will cover further) are members of the European Union but not of the Schengen area. This is more of an issue in some countries than others – no one will think twice about you being Brazilian, given Brazil’s inherent ethnic mix. Iceland offers great opportunities for foreign investors where an advanced economy meets low corporate taxes and incentives for foreign direct investment. After six months of an obligatory residency period, you could then have obtain the passport. For those who intend to keep their original citizenship (and their passport), this second factor is the one to consider. And some Caribbean countries offering citizenship by investment don’t allow investments in local businesses. If You Are A High-Income-Earning American... download a free in-depth intelligence report on, allows entrepreneurs to start certain types of businesses, The number of visa-free countries its holders can visit, Citizenship By Investment Comparison Sheet, Purchase A Government-Approved Real Estate Property, Caribbean Citizenship By Investment Programs, European Citizenship By Investment Programs, Click here to learn more about Total Access, Download our Citizenship By Investment Comparison Table. Dominica also offers a donation option, through their Economic Diversification Fund (EDF). Some countries offer passports that allow visa-free travel to a few dozen countries, which excludes North America, Europe, Australia, etc. These are hard to sell later for profit. It’s more accurate to refer to many of these programs as granting “citizenship by donation.” In other cases, however, you can get some or most of your money back… and potentially even generate an investment return. While the country was first going to allow Americans as of June 15, that was then pushed back to July 1. But because you’re buying a real asset, you might be able to recoup at least some of the money if you decide to sell. But foreign residency comes with plenty of upside. Vanuatu’s Development Support Program requires an all-in cost of $180,000 for a family of four. For example, as a Total Access member we can help you get a fantastic second passport at the lowest price you can find anywhere. Again, for a second passport from a Caribbean country, expect to pay at a minimum $100,000 (plus government and processing fees). The requirements may range from a few weeks of basic training to a few years of active duty. Malta was home to the first European Union-approved citizenship by investment program. There is only one tax break to speak of. But the quality of Caribbean passports – defined as the number of visa-free countries you can visit – isn’t as high as some of those granted by high-end economic citizenship programs in Europe. And before you rush off to buy a second passport, we encourage you to first consider other options we’ll discuss here that may be a better fit. They offer the best bang for your buck. Although a second passport makes sense for everyone, citizenship-by-investment may not be the right option for you. After a few years of residency abroad (and assuming you meet all the country’s other requirements), you can apply for citizenship and a second passport. How did you like this article? It ranks as number 136 out of 198 passports in our passport ranking. ESPECIALLY now that Caribbean passports are starting to see COVID-19 sales on their second citizenships. That’s an obvious downside. St. Kitts & Nevis’ official citizenship by investment website. The most important thing you should ask yourself is WHY you need a second passport. Click here if you’re interested in learning more). And since it’s possible to generate rental income, we also reviewed each country’s real estate investment option and, again, divided this cost by the number of visa-free countries its passport allows. Antigua and Barbuda’s list of approved business projects. You could save hundreds of thousands or even millions of Dollars if you consider these options first. Passports from Saint Lucia and Antigua are on sale thanks to the pandemic, but Sovereign Man has negotiated an even lower price — in fact, the lowest-priced passports available anywhere. In return, applicants receive a passport good for visa-free travel to 116 countries, including the UK, all of Europe, Russia, Hong Kong and Singapore. An Austrian passport grants visa-free travel to 177 countries, ranking at number 17 out of 198 passports in our passport ranking. That means qualification for a second passport and hence their incredible popularity amongst our clients for the international travel possibilities they present. We often do that, Savi and I, especially when driving. If someone offers you a passport for $30,000 somewhere in Nicaragua and promises to get it to you in a week, you’d better hold onto your money. You’ve still got a place to go, no matter what happens in your home country. This investment option is usually much more expensive than investing in real estate. We cover it below.). Among the immigration-through-investment programs, there are typically two paths – instant citizenship and residency by investment, the latter of which usually leads to citizenship after a few years. Currently, there are several approved projects, and we expect the government to keep adding more options. Iceland is great country to live in. Sovereign Man: Confidential is our flagship intelligence report service informing you about the best places on Earth to safely protect your life, your liberty and your assets. Aside from donating to the government fund, the country also offers investments in real estate and local businesses. The European Union vs Schengen area vs the Eurozone. It’s without a doubt a fantastic passport. In some countries, all male citizens of a certain age are required to fulfill military service. A family of four will donate $200,000 to the EDF, plus $12,500 in fees. However, we encourage you to consider two objective factors: For those who wish to renounce their original citizenship, this is the key factor to keep in mind. St. Lucia now gives Antigua and Barbuda a run for its money when it comes to family applications: All total, government fees included, a family of four will pay a total of $167,500 for St. Lucian passports. If you work abroad and make millions each year, paying a little over $100,000 for a citizenship by investment program could make a lot of sense. The most popular benefit of Total Access is our private investment deal service. Hi, Two questions. Both countries offer deep discounts for even larger families. Citizenship by investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport. Another option is to invest in Europe and get European residency in a country that can eventually lead to European citizenship. Bulgaria’s citizenship by investment program is the world’s slowest, as it takes more than two years to obtain the passport. Also, if a large part of your income comes from investments, you should also consider citizenship by investment, as the FEIE does not apply to investment income. They discovered she had been manufacturing fraudulent visas. The US is the only major country in the world that taxes its citizens on their worldwide income– even if they don’t reside in their home country anymore. Several countries within the EU have introduced the golden visa to beneficial economic effect. With many Citizenship By Investment programs, passing your citizenship down to a future generation is not easy. Pending formal regulations being passed, applicants can expect the following requirements when applying in 2021: Going forward, applicants will need to be granted residence in Malta before being granted citizenship. A few citizenship by investment countries give you the option to buy government bonds, which locks your investment in an interest-free account for several years. (Remember – the United States is the only major nation whose citizens are responsible for paying home country taxes no matter where they live. 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