Wealth Management

Countries With The Best Citizenship Programs For High-Net-Worth Individuals

What are the countries that offer some of the best citizenship programs? This is a question that has several layers to it. Starting from an analysis of cost, benefits provided, timeline to get the visa approved and procedures involved, some countries in the world are known for their citizenship programs.

So, in this blog below we will unveil the names of such nations which are best if you are looking forward to acquiring second citizenship.

  1. Saint Kitts and Nevis:
    Saint Kitts and Nevis earn the top spot when it comes to the best citizenship programs. Qualified high-net-worth individuals have a chance to enjoy privileges such as dual-citizenship and tax-free international income among many others.
    Also, you can easily become a citizen of this nation by acquiring government-approved real estate or donating to Sustainable Growth Fund. The destination also has a provision of including dependents such as spouse, children and parents along with the main applicant.
  2. St Lucia:
    The citizenship program of St Lucia is also counted among the popular schemes of today. What makes the St Lucia passport different from the rest is that it offers visa-free access to 146 destinations including Europe. Although the residents of St Lucia enjoy relatively low taxes, there are however certain tax implications that need to be followed. The country also recognizes dual citizenship which makes it further easy for immigrants.
  3. Dominica:
    Dominica citizenship program is one of the top-rated schemes in the world. With a minimum investment of $100,000, an immigrant can easily gain access to a Dominican passport through investment. Also, as there are no taxes on the money, gifts, inheritances, capital gains and investors can get full citizenship for themselves and their families.
  4. Grenada:
    Launched in August 2013, the Grenada citizenship program provides visa-free access to over 153 nations including China, Russia, Singapore and the UK. Apart from that obtaining a Grenada passport will give you entitlement to a USA E2 treaty investor visa. With a total investment starting from $150,000 and a processing time of three-four months, this is one citizenship program to check out.
  5. Malta:
    Another country that stands out in terms of citizenship schemes is Malta. The English-speaking nation located to the south of Europe ticks all the boxes which catapult the attention of investors. From pleasant climate, excellent business prospects and friendly tax environment, there are several reasons as to why you should invest in the country. Apart from that, the nation also provides complete freedom of movement within the European Union and Schengen Region which acts as a major highlight.
  6. Portugal: While it is true that Portugal does not operate on citizenship by investment program, it has a  Golden Visa Program that more or less does the same job. Just all you need to do is make a real-estate investment of 280,000 euros in low-density areas. Portugal also scores points for its approachable and lenient due diligence program along with offering dual-citizenship benefits, which makes it a top choice among investors.
  7. Turkey: Turkey’s citizenship-by-program allows investors to access simultaneously European and Asian markets. The nation offers a real estate property purchase of a minimum of USD 250,000 fees to the investors at the start. Also, Turkey offers tremendous tax incentives to foreign immigrants. The country provides no tax exemption on money earned outside of the country.
  8. United Kingdom: UK citizenship program is also known as Tier-1 investor visa. The nation offers a fast-track method to obtain citizenship through immigration laws for investors across the globe. While the UK investor visa does not directly lead to citizenship, naturalization can occur after 5-6 years. Also, individuals willing to apply for a British passport must meet English Language Requirements as this is a crucial step.

Have you read?

Best CEOs In the World Of 2022.
Best Citizenship and Residency by Investment Programs.
These are the world’s most and least powerful passports, 2022.
The World’s Richest People (Top 100 Billionaires, 2022).
# Case Study: Warren BuffettLVMH’s Bernard ArnaultApple’s Tim Cook, and Elon Musk.

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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.