Popular Countries that Offer Citizenship By Investment Programs

Mallika Khandelwal

20th Jul'22
Popular Countries that Offer Citizenship By Investment Programs | OpenGrowth

Dual citizenship has a lot of benefits, including economic advantages, better education and healthcare systems, increased global mobility, and a better sense of security. However, it’s not quite easy to obtain a second passport and relocate to a foreign country. It’s a process that requires investments, a lot of paperwork, and patience.

Citizenship by Investment programs has become increasingly popular lately due to the fast-track residency that provides instant residency in that particular country. But, not all countries have such programs. Let’s take a look at the popular citizenship by investment program countries and learn more about the application process and benefits in each.

 

Popular Countries that Offer Citizenship By Investment Programs

 

St Kitts and Nevis

St Kitts citizenship by investment program is one of the best in the Caribbean region. As an applicant, you must be at least 18 years old and meet the application requirements. Investors can become citizens of St Kitts and Nevis via various investments. These investments include: 

  • Purchase of real estate of at least $200,000 in value;

  • A donation of $150,000 to the SGF - Sustainable Growth Fund;

  • Purchase of real estate, $400,000 in value that can be resalable after 5 years; this is an alternative option.

Some of the other citizenship benefits in St Kitts and Nevis include visa-free traveling to more than 157 countries, including Hong Kong, Russia, Singapore, and the Schengen area, fast processing time, and no stay in the country during the application process, which is the case with some of the countries. 

 

Vanuatu

Vanuatu is another country that offers a great citizenship by investment program. The Vanuatu passport offers visa-free traveling to the Schengen countries and can be obtained under the Vanuatu Development Support Program. As an investor, your contribution will be $130,000, which is a pretty reasonable price compared to the rest of the countries.

Vanuatu features the cheapest and most affordable residency terms and conditions, and it’s the low-cost program that can guarantee you a passport in a month. Furthermore, the tax system is pretty favourable, so there’s no tax on wealth, income, inheritance, export, or capital gains.

 

Antigua and Barbuda

The Citizenship by Investment Program in Antigua and Barbuda requires a minimum of $100,000 investment and a maximum of $1.5 million. You can get citizenship immediately after you make the investment and your payment has been verified. You’ll be required to spend 5 days within the first 5 years of your investment. The processing time is around 3 to 4 months.

Investors choose Antigua and Barbuda as their second country of residence due to many reasons, mainly due to its climate, culture, and food.

Imagine laying on a beach, under the sun, with a cocktail in your hand, and admiring the scenic views, breathtaking landscapes, and crystal clear turquoise waters. The endless blue skies and powdery sands contribute to Barbuda’s picturesque mosaic. Furthermore, you can enjoy the local cuisine which is embedded in their culture.

Among the famous Antiguan dishes, you can try are fungee and pepperpot, goat water, ducana, pork chips, butter bread, black pineapple, and conch. Ducana is similar to tamales and is served as a side dish, while the conch is seafood indulged within the Antiguan culture.

 

Popular Countries that Offer Citizenship By Investment Programs

 

 

Grenada

If you consider Grenada as the country to obtain a second passport, you’ll need a minimum investment of $150,000 or a $220,000 maximum investment. The citizenship will be secured after you’ve invested and you are not required to stay in the country afterwards.

Many investors decide to invest in Grenada due to its unique nature and idyllic views. The country consists of three islands, Petite Martinique, Grenada, and Carriacou. It’s a long chain of islands that makes up the archipelago in the Caribbean region. 

Cristopher Columbus travelled to Grenada in the 15th century and named the country Concepcion. Later, the Spanish sailors changed it to Grenada, according to their home in Granada, Spain. People often use the name of the country interchangeably, however, it’s a different location we’re talking about.

The local food in Grenada is rich in delicious recipes which include callaloo soup, pelau, roti, fried bake and saltfish, curry goat, etc. Grenada is the largest importer of nutmeg, which is the main spice used in many local dishes.

 

St. Lucia

St. Lucia is another beautiful Caribbean destination where you can obtain citizenship by investment. The minimum requirement is $100,000, while the maximum amount is $3.5 million. 

You are not required to stay in the country during or after the application process and you’ll get the residency immediately after the investment. The processing time takes around 90 days and you can travel visa-free to 150 countries.

 

Apply Now!

We’ve analyzed the application processes and the terms and conditions to apply for citizenship in each of the countries above. For similar content, check our blog.

 

We at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. Do share them in the comment section below.

A staunch proponent of karma, Mallika believes in what goes around, comes around philosophy. She is ecstatic with her life and strives to live it to the fullest.

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