Mon. Apr 15th, 2024

Explore the top national citizenship-by-investment programs including Grenada, Saint Kitts and Nevis, Dominica, and Vanuatu. Learn about the benefits, investment options, and requirements of each program to make an informed decision for obtaining a second passport.

The number of conflicts across the world is growing, and Plan B has become an absolute necessity. A second passport is a part of it (along with real estate abroad, a foreign bank account, and a business outside your home country), and there are a number of countries that offer a quick path to citizenship in return for investments in their economy. Caribbean programs have traditionally been the quickest and the most affordable ones, while becoming a citizen of a European country may take more time, effort, and money. However, the choice depends on your plans, so we will take a look at the top national citizenship-by-investment programs and you will be able to choose the one that seems to appeal to you most of all. If you follow the link, you will find an exhaustive list that will introduce you to all available options.

Grenada

The beautiful Caribbean country would be a perfect choice if you need to get your passport quickly and at an affordable cost. Grenada has an untarnished reputation in the market, and it offers some unique benefits and bonuses in addition to standard visa-free entry to Schengen countries, for instance:

  • You will be able to visit China and Russia without a visa.
  • You will have the right to receive a US E2 visa (also known as the investor’s visa). Keep in mind, though, that it will not be granted to the holders of Indian, Chinese, Belarusian, or Russian passports.

You can acquire a Grenada passport in two ways:

  • You make a non-returnable contribution to the national economy (USD 150,000 per single applicant and USD 200,000 per couple).
  • You can invest in government-approved real estate. This is a refundable donation as you will be entitled to sell the property in five years, get your money back, and still retain your passport. The minimum cost of eligible real estate is USD 220,000.

The citizenship-by-investment program is the most prestigious option in the Caribbean region in terms of meticulous checking of each applicant and effectiveness.

Some people wonder why a stringent check of candidates is considered an advantage. Well, imagine what will happen if any country gives out a lot of passports to fraudsters… It will become synonymous with fraud, its passport will be worth nothing, and all respectable countries will close their borders for passport holders. That is, if you pass all verification procedures, you become a part of a law-obedient community that enjoys special privileges.

Saint Kitts and Nevis

This is the oldest economic citizenship program as it was designed back in 1984! Incredible, right? All the other Caribbean countries have made programs that are in many ways similar to the offer of St. Kitts and Nevis. The country still provides access to its passport in a quick and affordable way, and you can take advantage of it!

The requirements are pretty standard:

  • You can make a non-refundable donation to the government fund
  • Or you can choose to invest in real estate approved by the local government

Making a donation is quick and easy as you will not have to bother with the choice of property. On the other hand, you will be able to resell the piece of real estate after 5 years of mandatory ownership and even get a profit if you resell it at a higher price! In addition, a piece of real estate in a tropical paradise can be a source of passive income as you will be able to rent it out to vacationers.

The minimum amount you will need to invest in both cases is USD 200,000.

Main benefits of the program:

  • You will need no visa to visit the UK, Schengen states, or Russia.
  • The country offers a superfast track to citizenship for an additional fee: you can get your passport in a matter of 45-50 days!
  • You can become a fiscal resident of St. Kitts and Nevis and pay no personal income tax regardless of its source (however, you will have to live in the country for at least 183 days a year).

If you have any questions or want to share your doubts, you can click on the above link and use the live chat.

Dominica

If you want a combination of high quality and an affordable price, Dominica is the right place for you! The passport offered by the country costs only USD 100,000, and there are few other countries that offer a similar price.

In September 2022, Dominica tightened its rules with regard to changing personal data after you obtain a passport: you are now required to permanently live in the country for two years and remain its citizen for no less than 5 years. You cannot include your siblings in the application as dependents, and the minimum age of your spouse’s parents or grandparents that you are planning to include in the application was raised to 65 years.

However, the Dominical program still remains attractive, and we highly recommend it if you have limited resources.

Vanuatu

Let’s move away from the Caribbean and take a look at the program offered by the Pacific state of Vanuatu. It has a unique feature: you can make investments in cryptocurrency! You will simply need to transfer it via the local registered agent.

The country offers only one investment option: you will need to make a non-refundable contribution to the state fund that amounts to USD 145,000. If everything goes as planned, you will acquire your Vanuatu passport in two months.

The local passport will make it possible for you to visit Ireland, Russia, the United Kingdom, and EU countries without a visa. And if you decide to reduce your tax burden, you can become the country’s tax resident and pay no personal income tax.

Vanuatu is an excellent choice for cryptocurrency investors and people who value their time.

Conclusion

If the programs above seem appealing to you, do not hesitate to discover more of them by clicking on the above link – or even schedule a free meeting with an expert to make the right choice in your situation with professional help.

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