How To Get A Second Passport By Using Citizenship-By-Investment Programs By The End Of 2020
As I sit down to write this article, the US elections are only 2 weeks away. From here in Panama, we’ve watched as riots ensue, the Corona Virus has run amok and people are desperately trying to figure out the best course of action for themselves and their families.
So, what to do? Well, for those with some savings behind them, choices are fairly easy. You find out who has Citizenship-By-Investment Programs, and you pick the one that best suits your family’s needs. Is it great weather year-round? Is it lower taxes? Is it freedom? Whatever it may be, there is an option for you.
Below, I’m going to list 7 of my favourite CBI programs. I’m only going to give you a small bit of information to see if any of these peaks your interest. If one does, or maybe a few do, I want you to stop, write me an email telling me you have some interest in a CBI and you want more information. I’ll set you up with the right professional who will take extra good care of you and your family.
First, Let’s Discuss What Citizenship-By-Investment Is
- A program outlined by the Government
- You can obtain second citizenship in just a few months in some cases
- With this program, you are entitled to a number of rights and privileges for this country
- You make an investment in the country and you can obtain a second passport and a second citizenship
- You can obtain citizenship for yourself, your dependents, and sometimes your parents
- Each country that offers CBI have a different set of rules to follow and different criteria
Who Is Citizenship-By-Investment For?
Citizenship-By-Investment is for wealthy individuals looking for a second passport quickly, timewise, anywhere from 2-6 months. CBI is the fastest route to obtaining a second passport and citizenship. These are the questions you need to ask yourself:
- Do you have a second passport?
- Are you looking to renounce your current passport?
- Where do you want to travel to?
- Are you single or do you have a family?
- Where are your investments
- What does the future look like for you
Here are the 13 countries (last week there were 14, see below) that are currently offering Citizenship-By-Investment Programs. This is a little bit of information on each of the programs. Please contact our office NOW, for more information and to really figure out which country is best for you.
Antigua and Barbuda, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St. Kitt, St. Lucia, Turkey, and Vanuatu.
Today I’m going to be discussing 7 of the most popular programs offered:
1. Antigua and Barbuda
Strength of Passport: 150 Destinations
Residence Required: 5 days within 5 years
Nature of Contribution: Real estate, business investment, or NDF contribution
Minimum Contribution: USD $100,000
Time to Citizenship: 3-4 months
The Antigua and Barbuda Citizenship-By-Investment Program started in 2012. Applicants are required to make an economic contribution to the country. Antigua and Barbuda have over 365 beaches of white sand and turquoise waters and are among the most beautiful places in the world to live.
2. Dominica
Strength of Passport: 139 Destinations
Residence Required: None
Nature of Contribution: Economic contribution or investment in real estate
Minimum Contribution: USD $100,000
Time to Citizenship: 2-3 months
Dominica has had a Citizenship by Investment program since 1993 to boost their economic investment. Dominica is one of the most beautiful islands in the Caribbean, with an ideal climate year-round. Dominica is safe, friendly, and has some of the best landscapes in the world.
Dominica’s Citizenship-By-Investment Program is among the lowest-priced options in terms of required investment. You can make an economic contribution to the country in the form of either a non-refundable donation or an investment into an approved real estate project.
3. Grenada
Strength of Passport: 142 Destinations
Residence Required: None
Nature of Contribution: NTF contribution on investment in an approved real estate project
Minimum Contribution: USD $150,000 for a single applicant or USD $200,000 for a family of up to four members
Time to Citizenship: 4 months
The Grenada Citizenship-By-Investment Program started in August 2013 as a means of developing Grenada’s economy, allowing it to be more prosperous and independent. Grenada is an English speaking country with a common law legal system and a stable government. Grenada is a picturesque island with exotic, diverse topography, breathtaking beaches, and a year-round temperate climate. Often referred to as the ‘Spice Island’ for its nutmeg and mace crops.
4. Malta
Strength of Passport: 183 Destinations
Residence Required: 1 year’s legal residence
Nature of Contribution: Real estate, investments, insurance, and residence
Minimum Contribution: Approximately EUR 1 million
Time to Citizenship: 6-24 months
The Malta Individual Investor Program (MIIP) was designed and implemented and is globally promoted to high-net-worth individuals and their families. Malta is situated in the center of the Mediterranean Sea, and has an excellent reputation for its splendid climate, friendly people, low crime rate, and fabulous quality of life.
5. Montenegro
Strength of Passport: 124 Destinations
Residence Required: None
Nature of Contribution: Government fund donation, real estate
Minimum Contribution: EUR 350,000
Time to Citizenship: 6 months
The Montenegro Citizenship-By-Investment Program was developed by the Government of Montenegro and was launched in 2019 as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. Montenegro is situated on the Balkan Peninsula in Southeastern Europe. They are known for their magnificent and unparalleled natural beauty. Emerging as a sovereign state in 2006, Montenegro is a member of NATO and uses the euro as their currency.
6. St. Lucia
Strength of Passport: 145 Destinations
Residence Required: None
Nature of Contribution: Real estate, enterprises, NEF contribution, or government bonds
Minimum Contribution: USD $100,000
Time to Citizenship: 3 months
The St. Lucia Citizenship-By-Investment Program was launched in 2016. Tourism is their #1 source of jobs and income. St. Lucia lies in the eastern Caribbean Sea, northwest of Barbados and south of Martinique. Their beaches are magical and they are famous for their twin peaks, the Pitons.
7. Vanuatu
Strength of Passport: 130 Destinations
Residence Required: None
Nature of Contribution: Donation
Minimum Contribution: USD $130,000
Time to Citizenship: 2-3 months
Vanuatu is a South Pacific island nation east of Australia. They gained independence from the UK and France in 1980 and are members of the Commonwealth. Agriculture, fishing, offshore financial services, and tourism are mainstays of Vanuatu’s economy.
Now Is The time
I started writing this article on October 12th and Cyprus had one of the most popular and exciting Citizenship-By-Investment Programs in the world. On Tuesday, October 13th it was announced that the government of Cyprus would terminate this program as of November 1, 2020.
No one could have predicted that this would happen and how it could have happened, but the reality is that it’s gone. So if you were on the fence about getting your family a second passport, do it now. Lives are changing daily and let’s make sure yours changes for the better.
