There are a lot of reasons to invest in a second citizenship, and of course with the right investment partner. Global mobility, personal safety, and tax optimization are only some of the benefits when owning second citizenship.
Nearly 30 countries offer citizenship or residence via different investment programs. But no matter where in the world you choose to set up a second citizenship, it is vital to choose a facilitator that is trusted and recommended to support your journey.
One of the most reliable companies that can help you in the process is NTLtrust. They are regulated and licensed by governmental bodies and have decades of experience in the field.
Let’s check some of the countries that offer citizenship by investment.
St. Kitts and Nevis
The citizenship by investment program in St Kitts and Nevis was established in 1984 and is one of the oldest programs in the world of this type. The applicants must be over 18 years at the time of applying and select one of the two options offered in the program.
The first option is to purchase real estate with a value of $200K or $400K from an approved real estate development. This property can be resold only after five years. Or, the second option is to contribute $150K of non-refundable amount for a single member who is the main applicant and an additional $20K for every sibling or $10K for each dependent.
Some of the benefits of a St Kitts dual citizenship include visa-free, or visa on arrival travel to 157 destinations, including Singapore, Russia, Hong Kong, Europe’s Schengen Area, and the UK.
You will also be able to provide citizenship by descent to your children, grandkids, and future generations. You are allowed to include a spouse, parents, children under the age of 31, unmarried dependent siblings under the age of 31 who have no children, or grandparents over the age of 55. The best part is, that there is no minimum stay required.
Dominica
Dominica established the program citizenship by investment in 1993 to increase the investment in the country. The investor can get citizenship for himself or the entire family.
The key requirement is to invest a minimum of $100K which will take a processing time of three months. Some of the benefits include visa-free travelling to 152 destinations which include Russia, Singapore, Hong Kong, the UK, and Europe’s Schengen Area.
Turkey
The citizenship by investment program in Turkey offers the option to access Asian and European markets and gains you full membership in the country. You are required to invest a minimum of $250K, plus additional fees. The processing time takes around six to nine months. You can travel to 111 destinations visa-free and a 5-year renewal period for your E-2 Investor visa.
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St. Lucia
This Caribbean island nation established the citizenship by investment program in 2016. To be eligible to apply for the program, you need either to buy a property or invest in an enterprise project. You can also be added as a dependent citizen to someone who already is an approved citizen, or makes a non-refundable contribution.
For the property option, you’ll need to invest a minimum value of $300K in a period of five years. The investment option offers the opportunity to invest in an approved enterprise project with a minimum of $3.5 million or a joint contribution of $6 million with other applicants.
The third option allows you to make a contribution as a single applicant – the main applicant will pay $100K. If you want to pay in conjunction with a spouse it amounts to around $140K, pay with a spouse and two dependent applicants an amount of $150K.
While the last option is to become a citizen via someone who already has citizenship. As a spouse, you’ll pay a donation of $35K and a $5K due diligence fee for a dependent older than 16. Plus, you have a government processing fee of $1K. (Costs correct at time of writing)
Some of the benefits you’ll enjoy are visa-free or visa on arrival travelling across 146 destinations which include Hong Kong, Singapore, the UK, Europe’s Schengen Area, etc. You’ll be able to include children, your spouse, siblings, parents, and add dependents. St. Lucia recognizes dual citizenship, so you don’t have to worry in regard to that matter.
Antigua and Barbuda
Antigua and Barbuda is one of the countries that offer great conditions when applying for a citizenship by investment program. Some of the options include a contribution of $100K to the Antigua National Development Fund, an investment of $400K in a real estate project approved by the government, or investing $1.5 million in establishing a business.
The processing time will take around three months and one of the key benefits you can enjoy is the free travelling to Russia, Hong Kong, the UK, Singapore and Europe’s Schengen Area.
Where in the World? Citizenship by Investment
Although we have mentioned just a few, there are many other countries in the world that offer citizenship through an investment program. For whichever you choose, be sure to read the small print, including the amount needed to invest, and the time needed to remain in that country per year. But the benefits of dual citizenship can be fruitful for you, and future generations of your family.
