One of the easiest ways till date to obtain legitimate citizenship without having to go through much stress is by investment. To legitimately obtain another country’s citizenship these days is not so easy, it never has been because if it’s not your birth country, or your parents, grandparents, or great-grandparents are not from the country, it might take you a whole lot of time to finally get your citizenship and as far as these things are concerned, it might seem to be a really long shot.
Citizenship by investment might be the most expensive way of getting a country’s citizenship, but from all indications it is by far worth it in the end because it’s almost 100% certain that you’ll get it if you go through the investment channel.
This is a very common and coveted option for a lot of people especially the rich and affluent – not only within the UAE expat community but worldwide, because it gives them easy access to several other countries, gives them the opportunity to run multinational businesses, and helps them avoid the sometimes hefty tax payment in their home country, among several other reasons.
Having said that, here are the top 10 best countries to easily get a citizenship and passport by investment in 2020.
Moldova launched its citizenship by investment scheme in 2018 and remains the cheapest in Europe till date. Although the program has been suspended since 2019, it is expected to be resumed sometimes this year and when it does, a one-time donation of 147,000 euros will be required for a single applicant which will give you the chance to own the country’s passport that will make you enjoy access to 106 countries, including the Schengen area.
A minimum donation of 100,000 euros to a government fund is mandatory, to start with, after which you’ll be made to pay 250,000 euros as part of real estate investment in the country. This makes it one of the cheapest overall on the list, and the passport offers you access to 111 countries, excluding UK, US, China, Canada and Japan.
Citizenship by investment in Bulgaria will have Non-EU citizens make a minimum deposit of 1,000,000 Bulgarian lev into the government bond portfolio which will be returned without interest to investors after five years, after which the country will grant the investor permanent residency. You can now start pursuing the country’s citizenship by investing an additional 1,000,000 Bulgarian lev, although it might take up to 2 years before you can finally obtain the country’s passport, it’ll be worth the wait in the end as the passport grants you access to 150 countries including Japan and Canada.
To start with in Cyprus, you must first purchase a residence which is valued at 500 Euros, after which you have to invest over 2,000,000 overall investments to be eligible for the country’s citizenship which will be given to you after six months of obligatory residency period. Cyprus’ passport grants you access to 152 countries.
Malta is globally known to have the best value in Europe for citizenship by investment program. For a family of four, you’re expected to donate a sum of 650,000 Euros to the country’s National Development & Social Fund, invest a minimum of 350,000 Euros in the country’s real estate business, and invest at least 150,000 Euros in government-approved financial instruments like stocks, bonds, etc, while keeping them all for at least 5 years. In total, you’re likely to spend up to a million euros but while this might seem outlandishly high, you get to secure the country’s residency, passport and then citizenship.
A choice between donating to the country’s National Transformation Fund buying a real estate property will fetch you this country’s citizenship, or the passport at the very least. While donation for a single applicant will cost over $150,000, real estate investment costs lot more with $350,000 which automatically qualifies you for a second passport. The country’s passport offers you access to 131 countries, including China, making it the only Caribbean passport with that kind of access.
Dominica (not to be confused with Dominican Republic) Like other countries that have featured on this list so far, you can also earn this country’s citizenship by donation and investment. A single applicant will have to part ways with a total of $109,600 as donation to the country to be able to get the country’s citizenship and in terms of investment; you are required to purchase a $200,000 property which can sometimes rise to $233,500 due to some processing fees. Either ways, your investment and donation will earn you the country’s passport which gives you a visa-free access to 122 countries, including the Schengen area, UK and Brazil.
3. Saint Kitts and Nevis
Saint Kitts and Nevis is a Caribbean country that has a reputation for its economic citizenship which has quite earned it a stable economy, making the inhabitants of this country comfortable. You can earn citizenship in this country by donation and investment in government pre-approved properties like hotels, villas, and condominium units which is likely to cost you $242,800 as a single applicant, or $287,900 for a family of four. That automatically earns you the country’s passport which gives you a visa-free access to 131 countries.
2. Antigua and Barbuda
To earn this country’s citizenship by investment, you can decide to donate to the National Development Fund, which is still by far the cheapest option to get the country’s passport and citizenship, although it is very much unlikely that you get your money back. The country also offers investment in real estate and local business as you can get a government-approved real estate property for a minimum of $200,000, granting you the opportunity to own the country’s citizenship as an investor.
1. Saint Lucia
Saint Lucia is one of most popular countries in the Caribbean region and although the country is not tax-free, obtaining the country’s citizenship by investment still remains a wise choice as the country’s passport gives you access to 123 countries without a visa. Donation is one of the ways of investing in the country, and this cannot be entirely be called investment as it is very unlikely you get your money back, at least not all. The better choices still remain investing in the country’s government-approved real estate business and purchasing government bonds which might cost you $359,500 and $509,500 respectively.