Know all about Citizenship by investment – the fast-track to getting a Second Passport

If you have the means, you don’t necessarily need to go for the conventional immigration methods that are cumbersome and lengthy. Many countries today offer citizenship by investment option where you need to invest a certain amount of money in the country’s dedicated sectors or funds and become a citizen right away.

As many as 25 countries of the world currently offer the citizenship by investment programs. It enables existing and aspirant entrepreneurs to fast-track their immigration process and enjoy the perks after earning the second citizenship. Typical benefits of the citizenship by investment programs include access to a multitude of entrepreneurial options, better tax regimes, and a better lifestyle.

Where can I invest to get citizenship?

The countries that offer the citizenship by investment programs include the United States, Canada, Portugal, Malta, Ireland, Cyprus, Vanuatu, St. Lucia, St. Kitts & Nevis, Grenada, Dominica, Antigua & Barbuda, and more.

What sectors can I invest in?

Depending on the country you’re going to make the investment in, you can invest in many sectors and avenues that mainly include business, real estate, government bond, donation, and investment funds.

How much do I need to invest?

The investments may begin from USD 100,000 and go up to USD 500,000. For example, you can invest USD 100,000 in Antigua & Barbuda’s donation, real estate, or business. Similarly, you can invest EUR 350 in Portugal’s real estate. You can also invest USD 500,000 in a US business and fast-track your citizenship process.

What’s the application processing timeframe like?

It varies from country to country, beginning from as short as 4 months to a minimum of 18 months. For example, the average processing time for Antigua & Barbuda’s citizenship by investment is 4 months. For the US, the same can be at least 18 months.

Do I get the citizenship in all cases?

No, you don’t. While some countries offer full citizenship to the investors though the citizenship by investment programs, some others only offer residency, and some offer a naturalization option after a certain period.

Dominica, Grenada, St. Kitts & Nevis, St. Lucia, Vanuatu, Malta, and Cyprus offer full citizenship in their citizenship by investment programs. Cyprus, Malta, Canada, and US offer only residency options. While Portugal and Ireland offer residency with the option of naturalization that’s possible after 5 years.

How many countries can I travel to with my new passport?

It depends on the country whose citizenship you acquire through its citizenship by investment program. For example, the Dominican passport gives you visa-free access to 130 countries. With St. Kitts & Nevis’ citizenship, you can travel visa-free to 135 countries including Russia. Cyprus’ citizenship gives you access to 173 countries. And with a Maltese passport, you can travel to 183 countries.

How can I find the right citizenship by investment consultant?

There are many immigration consultants who specialize in citizenship by investment programs of different countries. A quick Google search will give you an idea of which consultants around you deal in this specific type of immigration. Shortlist the ones you think may be right for you and perform a detailed credibility check before you pick one to serve your immigration needs. “I have a personal experience with a UAE based consultancy called AAA Citizenship by investment, they had greatly managed my family assessment for Canada” wrote by an expatriate Muhammad Elyas on a reviews portal. Such Online reviews portals can also be used for choosing a trusted consultant for your citizenship.

What are the options I must now about?

Many countries don’t even require you to be present in the country to grant you a citizenship. Then, there are many countries that offer a comprehensive program that includes your immediate family and even parents. As a citizen, you will have complete access to the perks and amenities that country has to offer to its citizens. Plus, as an investor, you may also be eligible to special tax exemptions.
Talk to a specialist citizenship by investment consultant today to learn more about your chances of qualifying for this fast-track immigration method. After all, getting a second passport is not as hard as you thought!

 

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