Sometimes, investments can bring more than just a profit. It can bring second citizenship. This phenomenon is named as citizenship by investment. Note, in contrast to numerous Golden visa residency offers, there are just a few countries that allow citizenship by investment (CBI).
So, do not confuse these two different programs. For example, while an Innovator UK visa offers a long-term residency, it still does not provide instant citizenship and the rights this status avail.
Based on numerous ratings and popularity of the CBI routes, we composed the most appealing citizenship by investment countries list.
Perhaps, Malta is worth to go first in our citizenship by investment list of countries. Maltese passport attracts by European affiliation, visa-free access to at least 184 countries, and its great economic appeal.
Here, required investments split into two parts, which go altogether:
Donation, which goes in form of direct investment in a local business (€600,000) and charity donation (€10,000)
Real estate investment, which may go either in form of residential property purchase (€700,000) or 5-year tenancy agreement (€16,000 a year)
Saint Lucia passport provides visa-free access to 145 countries. The visa-free travel list includes not only Schengen-zoned states but the UK as well. Its other advantages are the speed of its obtaining (only 56 days).
To get Saint Lucia passport, you can choose one of the following options:
Donate $100,000 in specified funds
Invest $250,000 in 5-year government bonds plus pay fees of at least $30,000
Invest $300,000 in approved real estate units
Invest $3,500,000 in establishing your business
Note, if choosing a business investment, the applicant must get a special endorsement. It is just like the UK startup visa requires approval from UK startup visa endorsement bodies.
This is one of the most popular Caribbean countries for the second passport. One reason here is it provides visa-free access to 140 countries, among which Schengen-zoned countries, the UK and Ireland. The second reason is the low price to pay. Moreover, the price is especially beneficial for couples and families as it goes with a big discount.
As usual for all CBI, there are two standard routes to obtain a Dominica passport:
Donate $100,000 in specified funds
Purchase approved real estate of $200,000
Despite Grenada comes and goes with its CBI program and its slightly overcharged prices, it is still worth to be included in this premium citizenship by investment countries list. To clarify, it provides visa-free access to the Schengen zone, the UK and Ireland. But what makes it worth its price is access to the US E-2 immigration program. Indeed, this is the only Caribbean state that provides this access.
The Government of Grenada is willing to grant its citizenship on one of the following conditions:
$150,000 donation in specified funds
Purchase approved real estate of $350,000
Other CBI programs
St Kitts and Nevis as well as Antigua and Barbuda are two other Caribbean countries that have quite a wide range of visa-free travel opportunities. But, it seems, their prices are too overcharged and, perhaps, the price-quality ratio is imbalanced. In addition, they have some residence requirements.
Montenegro is a nice European country that seeks an EU membership. But now it is rather limited in the travel opportunities it provides. For example, its citizens still have to apply for entry permit when visiting the UK.
Turkey, Egypt, and Jordan have many to offer, including the US E-2 immigration program. But, as practice shows, these countries attract mostly citizens of other Islamic states.
At last, Vanuatu has many uncertainties in its CBI program, which makes it too complicated to even apply for their citizenship.
Note, Cyprus and Moldova passports are no longer available to purchase now as these two countries suspended their programs in 2020.
To conclude, there is no “one fits all” option. Therefore, other countries that allow citizenship by investment can also find their applicants. We just say they are not as beneficial as the aforementioned ones. So, always do your due diligence to find out what will fit your needs the best.