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Buying a Second Passport: These Are the Best Countries to Invest in for Second Citizenship

According to immigration numbers, some of the best countries to invest in for second citizenship are in the Caribbean, New Zealand, and Malta. All of them have the perks of beautiful vistas and a wonderful climate, but there are a lot more than that! Imagine that you can travel visa-free to more than a hundred destinations. Countries that you can visit at your convenience and use their perks too.

In this article, we will discuss some of the countries where you can obtain dual citizenship via an investment. This type of investment will help the country’s economy and the money will be used for an authentic cause.

The best part is, that the processing time doesn’t take a lot, so you will have your passport within 3-6 months – depending on the country!

St. Kitts and Nevis

St. Kitts and Nevis has one of the oldest CBI – Citizenship by Investment programs and deserves our attention in this article. It offers a second passport for investors who put their money in St. Kitts’ economy. Within 60 days after the application has been submitted, the applicant can get citizenship.

Here are the categories in which applicants can invest:

  • A single donation of $150K to the SGF – Sustainable Growth Fund for a single applicant or a family of up to four;
  • Buy real estate worth $400K and own it for at least 5 years;
  • Buy property for $150K and own it for at least 7 years;

Some of the perks you can enjoy as a citizen of St. Kitts and Nevis are visa-free travel to 156 countries, tax optimization, reasonable St. Kitts golden visa costs, better healthcare, and quality education for your children.

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Portugal

Portugal is next on the list because it offers a golden visa program where participants can invest a particular amount and get a residence permit upon investment. It’s still one of the most popular countries for obtaining second citizenship via investment so you can work, live and travel freely within the country.

Portuguese citizens can travel visa-free to the Schengen Area, which is one of the main benefits. Portugal is a country of opportunities, culture, rich history, and amazing cuisine. So, who wouldn’t want to be part of it? 

The country welcomes the technological use of tools and software and works on constant life conditions improvement. Here are the requirements for becoming a Portuguese citizen:

  • Invest 1 million Euros in an approved account;
  • Invest in real estate minimum of 280K Euros in renovating a property;
  • Invest 400K Euros in less developed areas;
  • Make a contribution of 350K Euros in research;
  • Contribute 250K Euros to art projects;
  • Invest 350K Euros in a company in order to create at least five permanent job positions;

Side Note: You can choose one of the options above!

Another good reason to invest in Portugal is the financial security and opportunity to apply for nationality after 5 years of residence.

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Dominica

Dominican citizenship by investment program is by far the most popular option in the Caribbean region. It’s one of the most affordable programs since it offers a variety of perks for lower costs. While obtaining a Dominican passport might not be as proactive as St. Kitts and Nevis’s passport, it still has its advantages.

You can qualify for the passport via a real estate investment or a donation. Dominica offers one of the best investment options:

  • $200K for a single applicant;
  • Around $247K for a family of four;
  • $109K donation to the EDF – Economic Diversification Fund;

St. Lucia

Another Caribbean country offers the opportunity to become its citizen and enjoy the perks of this lovely land. Beside it’s beautiful volcanic beaches, reef-diving sites, and fishing villages it’s a great place to call home.

St. Lucia’s passport is an affordable option due to the:

  • The donation to the NEF – National Economic Fund which can be around $100K as a single applicant;
  • Investing in real estate;
  • Investing in bonds;

For those who are looking to obtain dual citizenship within this range, St. Lucia’s program is a preferred option for many investors. The program is transparent and simple, so it’s the ideal opportunity for most investors.

Malta

We’ve mentioned Malta earlier in the list as one of the best countries with a CBI program.

This country offers a Meditteranan climate, great food, along with perk for tax and investments.

The requirements for becoming a citizen in Malta are:

  • 650K Euros donation to the NDF – National Development Fund;
  • Buying real estate for a minimum of 350K Euros;
  • Investing in financial entities a sum of 150K Euros;

Why You Should Do It?

If the research in our article didn’t convince you yet, please feel free to check our blog and the citizenship-related content to get more insight into the process, benefits, and advantages of the program.