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7 Citizenship-By-Investment Countries For Second Passports

7 Citizenship-By-Investment Countries For Second Passports

There are at least five different countries you may purchase property in to get citizenship. This page lists the nations that provide legal routes to citizenship via financial investment. One may get citizenship or residence in Malta, Cyprus, Portugal, Saint Lucia, Antigua and Barbuda, Saint Kitts and Nevis, or Thailand by investing in a designated real estate project in any of these nations.

However, smaller Caribbean states provide full citizenship to investors for a reasonable investment and application procedure that takes less time than in Europe.

Obtaining Caribbean Nationality

Many Caribbean states offer citizenship for $300,000 (Saint Lucia) or $400,000 (Antigua and Barbuda) investments in permitted real estate projects. If you sell your property in 5 years, you may receive your money back. However, government processing and due diligence costs are non-refundable.

  • An Antigua and Barbuda passport costs $50,000 for a family of four, including due diligence fees of $7,500 for the principal applicant, $7,500 for the spouse, $2,000 for each kid aged 12–17, $4,000 for each child aged 18–25, and $6,000 for each parent 65 or older.
  • Saint Kitts and Nevis demand $35,000 for the principal applicant, $20,000 for the spouse, $10,000 for each dependent kid under 30 and each dependent parent over 55, and $7,500 for the primary applicant and $4,000 for each other individual in the application for due diligence.
  • Saint Lucia charges $50,000 for the main applicant, $25,000 for each dependant under 18, and $35,000 for each dependent over 18, as well as due diligence, $7,500 for the original applicant, and $5,000 for each subsequent applicant.

Obtaining EU Citizenship

Let’s look over the European nations that provide citizenship in return for property investment. The cost is substantially greater, but it might be well worth it if you want to pass on your European citizenship to your offspring after Brexit or if you just want a European passport.

Maltese citizenship requires an initial €650,000 investment and €25,000 for each subsequent application. The final contribution to the Maltese National Development and Social Fund. You’ll also need to buy a €350,000 house and invest €150,000 in Maltese government-approved equities and bonds. The principal applicant pays €7,500 due diligence, their spouse €5,000, their children €3,000, and anybody else identified as a dependent €5,000.

The citizenship by investment scheme in Cyprus is quite similar to the one in Malta, except that the required minimum investment is €2,000,000 instead of €400,000. You may invest €500,000 in government bonds and €1.5 million in other assets.

By buying property in Portugal, you may seek citizenship after six years. If they invest €500,000 or €350,000 on a residence over 30 years old or in an urban redevelopment region, non-EU citizens may participate in Portugal’s Golden Residence Permit Program.

The program requires at least 7 consecutive days in the country each year.

Cyprus and Malta provide investment options for EU residence. Malta doesn’t allow citizenship beyond 7 years, although Cyprus does.

The Asian Prospects of Citizenship-by-Investment

A 20-year Thai work and residency visa costs $60,000, plus $600 each year. Thailand Elite Residence. Its 2003 launch was rebranded. This long-term visa/temporary residency allows quicker customs clearance, international aircraft boarding, and unlimited airport transfers for domestic flights within a set distance from the airport. Buying property is unrestricted.

No matter which path you choose, you’ll need to prove your identity and the source of your real estate purchase funds. A company or trust may acquire property.

There are several options. Before committing, tell your agent to research all your choices. Consider taxation, political stability, healthcare, and other factors while investing.

Don’t worry if your country has hefty taxes. Wealth planning may often cut or eliminate taxes. Because of this, your adviser must be familiar with not just some citizenship or residency programs but also the financial ramifications of settling in a nation and any applicable tax treaties.

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Tom

Tom

Tom is a gizmo-savvy guy, who has a tendency to get pulled into the nitty gritty details of technology. He attended UT Austin, where he studied Information Science. He’s married and has three kids, one dog and 2 cats. With a large family, he still finds time to share tips and tricks on phones, tablets, wearables and more. You won’t see Tom anywhere without his ANC headphones and the latest smartphone. Oh, and he happens to be an Android guy, who also has a deep appreciation for iOS.