Obtaining a second passport is the key to getting numerous rights and benefits from other nations. Every country has different citizenship by investment programs for foreigners and their families, and it is a significant way to acquire second citizenship. However, choosing the correct country with an affordable program besides various benefits is also a significant concern for everyone. Thus, for everyone who is on a quest to go for a second passport, the list below compiles names of some countries offering the same.
Let us check out the details of the programs and various perks associated with the same:
- Antigua And Barbuda
Antigua and Barbuda is one of the prominent Island nations that offers families the cheapest citizenship by investment program. The country has one of the strongest passports that allows visa-free access to travel to 151 countries, dual citizenship, and a better living. A person can obtain a second nationality by contributing $100,000 to the National Development Fund of the government and the required application fees range between $25,000 for individuals and $41,000 for small families or married couples.
Dominica is another country that offers citizenship by investment at the most affordable prices for individuals as well as families. The nation’s passport is quite a strong permit for dual citizenship and provides an access to travel to 139 countries without a visa. Individuals need to contribute around $100,000 and $200,000 for a family of four to the Economic Diversification Fund of the government besides application fees of $18,300. However, you can also opt for citizenship by investing at least $200,000 on a property with additional fees on the application.
Investing in Turkish citizenship by investment program brings lots of advantages for the individual and their families regarding financial, social, independence, and ease of travel. Moreover, the Turkish passport is one of the strongest passports globally, as it allows visa-free traveling across 115 countries. Individuals can obtain Turkish passports by purchasing a property or investing in real estate for approximately $250,000 according to one’s desire. However, there is no foundation in designing an investment plan to earn money and recover the prior investment.
- St. Lucia
St. Lucia’s citizenship by investment is the most sought-after and cheapest program on the list. Their passport is quite good, which offers ease of traveling across 123 countries without a visa. Individuals can apply for citizenship by contributing $100,000 to the National Economic Fund. Moreover, St. Lucia also offers another option of investing $300,000 in government bonds or real estate.
Grenada initiated its citizenship by investment program in 2013, which picked up steam because of various benefits. Like other countries, Grenada offers visa-free travel to about 130 counties, dual citizenship, and freedom to live and work in the US under the E-2 investor visa policy. Applicants can obtain nationality by donating $150,000 for individuals and $200,000 for a family of four to the NTF (National Transformation Fund) with additional application fees which makes it furthermore lucrative.
Portugal offers several residencies by investment program which makes it one of the sought-after nations in the European Union. Interested individuals can apply for citizenship only after they have a golden visa and have resided in the country for a minimum of 5-10 years. Also, the program requires an investment of 350,000 EUR or 500,000 EUR in the real estate sector.
Malta offers one of the cheapest passports in the entire European continent. Applicants can gain citizenship in the country by donating a sum of 750,000 EUR or by renting the property of 16,000 EUR for a year. One of the prime benefits of the program is that it provides people with travel access to all of Europe and provides an EU passport in a year.
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