Wealth Management

The 5 best countries for dual citizenship

Being a citizen of two countries makes it easy to travel between both countries. You don’t have to apply for long-stay visas. You are also spared the interrogation about the purpose of your visit.

By investing in a country, you can get another citizenship. This would allow you to work from and stay in either country. If you are looking to become a dual citizen, the 5 best countries for dual citizenship are as follows:

  1. New Zealand
    New Zealand is a member of the Trans-Tasman agreement that allows freedom of movement to and fro Australia. The upcoming geopolitical union (CANZUK) could open doors for citizens to live and work without a visa in Australia, Canada, and United Kingdom.

    Criteria for eligibility:
    New Zealand’s citizenship by investment program has two categories:

    A) You need to invest at least NZ$10 million for at least three years
    B) You need to invest at least NZ$3 million for at least four years
    Either way, you get the invested amount back at the end of the term. The resulting residency leads to citizenship after five years.

  2. Portugal
    You get to enjoy a warm climate, delectable cuisine, and a safe environment. On top of that, you get access to 185 countries, including the EU.

    Criteria for eligibility:
    You may avail of any of the 5 following routes to securing a Golden Visa
    – Transferring at least €1 million into an approved account
    – Investing at least €280,000 to €400,000 for real estate renovation in low-density areas
    – Creating at least 10 jobs
    – Investing at least €350,000 in a Portuguese company to create at least five permanent jobs for a minimum of three years
    – Contributing at least €250,000 for art, €350,000 for research, or €350,000 in a specified investment venture capital fund.

    The Golden Visa grants you a five-year residence. You can apply for citizenship at the end of this period.

  3. Malta
    You can enjoy a pleasant climate and superb business prospects in Malta. It is a predominantly English-speaking country and offers a friendly tax environment.

    Valletta Malta
    Criteria for eligibility:
    You may take any of the following routes to obtain Citizenship by Investment:

    – Donating at least €650,000 to a government national development fund
    – Purchasing real estate worth at least €350,000 for five years, failing which you may lease a property with rent of at least €16,000 per year
    – Investing at least €150,000 in stocks or bonds approved by the government

  4. Grenada
    You get a Grenada passport within three months of submitting the application. Parents, grandparents, and siblings of yours or your spouse can also be included in the application. A Grenada passport gives you visa-free or visa-on-arrival access to 143 countries.

    Criteria for eligibility:
    You may take any of the following routes to obtain Citizenship by Investment:
    – Donating at least $150,000 to Grenada’s National Transformation Fund. This sum would increase to $200,000 for a family of four.
    – Investing at least $220,000 as a co-owner in a real estate project for a minimum of five years.

  5. St. Kitts and Nevis
    It runs the oldest citizenship by investment program, and you can get citizenship within 60 days of submitting the application. A passport holder gets visa-free access to 156 countries, including the EU, most of South America, Russia, and the UK.

    Criteria for eligibility:
    You may take any of the following routes to obtain Citizenship by Investment:
    – Donating at least $150,000 into a Sustainable Growth Fund. This would suffice for a family of up to four members.
    – Purchasing a property worth $200,000 for seven years or property worth $400,000 for five years. You and your family members will be granted full citizenship once the processing fees have been paid.

Have you read?

Best Citizenship and Residency by Investment Programs.
Richest People in New York and Their Net Worth, 2022.
The World’s Top 10 CEOs Over 70 Years Old.
These are the world’s most and least powerful passports, 2022.

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Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.