Take your pick. While there is mandatory military service in Turkey, it won’t affect you unless you’re really young or plan to pass citizenship to your future children. I guess you really have gone to where you are treated better. The countries that fall under the Citizenship by Investment Program all offer passports that are easily acceptable by other countries. But for an overview of all CBI programs, read on. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. Bulgaria and Cyprus (below) are the only ones where you can expect your principal returned. I am still an American citizen and I still live in Panama. After you make the donation of. Schedule a 30-minute consultation with Christian Reeves on your international tax or business matter. But if you are a six-, seven-, or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money, and simply getting the few extra things that Malta could give you elsewhere. Expect it to drop a few notches in 2015. It won’t give you the Schengen access or the right to live in the European Union, but it’s standard of living, especially in Istanbul, is similar to Europe. I expect it to be nearly impossible to open an account abroad with a passport from Comoros (last on my list of 10 best second passports). The less scrupulous people in the citizenship industry often say, “It’s imminent! How can a Nigerian family get citizenship by investment or donation … Very important visa free to USA, UK, Dubai and china, Hello, please let me know your idea about Portugal golden visa and citizenship if u have any experience. The best options are: Of these, my favorite is Panama. Panama offers the best tax deal and residency can be obtained for as little as $8,500 (single applicant) through their “favored nations visa” program. Pragmatically, renunciation requires a second passport, and if you’re a high-earner, the cost of an economic citizenship might be far less than the tax and compliance costs of remaining American, particularly as tax laws have become even worse for foreign business owners under Trump Tax Reform. The amount of investment and business type are negotiable. Can you please help us and let us know which would be the best option for investment. Then hurricanes hit in 2017 and St. Kitts rolled out a controversial Hurricane Relief Fund which slashed the price to $150,000 for a single applicant. Things are changing quickly in this regard as Bulgaria works to become a full member. A passport portfolio is a collection of several different passports that work together to expand your visa-free travel privileges, relieve your tax burdens, increase your privacy and freedom, help you gain access to investment opportunities, give you political diversification, and more. It’s not the specifics of any one program that matter the most when determining whether it’s the best citizenship by investment program. The key is to diversify across different country characteristics. why think of an option at the expense of portugal passport. As a second passport holder you will receive the same rights and protections of any Cyprus citizen. Meanwhile, if you’d rather invest in real estate, the minimum investment sum is. If you have a large family, Antigua and Barbuda is worth your consideration. There isn’t much to the program, really. Hi, what would be the best choice to get a Moroccan family a European country citizen ship? They wanted visa-free access to several countries in Latin America. Finally, there are three programs that offer a passport in exchange for investment. Here is the link https://nomadcapitalist.com/apply. We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. If a passport’s value were wholly defined by its travel privileges alone, the United States would have among the world’s best citizenships and no one would be calling us to ask for help, And one of the main goals for Nomad Capitalist is to make sure that all of one’s bases are covered, from where you bank to where you hold passports without becoming obsessed with ‘, If you are an entrepreneur or investor looking for other legal alternatives, feel free to, and see how we can help. Who Might Need Citizenship by Investment? But that’s at least €650,000 that you’re not going to get back. Expect fees and other charges to exceed $500,000 in this program. There is no easy or cheap way to get an authentic second passport. If we ranked the twelve citizenship by investment programs based solely on travel privileges, Malta would come in at number one, followed by Cyprus. My father was born in Scotland so I suppose I cold try to get UK citizenship but I have never been to the UK. The St. Kitts passport is ranked 24th in the world in 2016. for more information. It will give you access to all of Europe, as well as visa-free access to the difficult-to-obtain Macedonia, plus the UAE. The Comoros, officially the Union of the Comoros, is a sovereign archipelago island nation in the Indian Ocean located at the northern end of the Mozambique Channel off the eastern coast of Africa between northeastern Mozambique and … who may need a second passport to continue their investments. And Grenadian Citizens can get into China and Russia freely. So, its passport applicants can take advantage of the following prices: • A solo applicant can invest $250,000 for 5 years (price reduced from $500,000). Group 1 passports are those issued by the US, UK and Germany. And it’s the most expensive second passport. That is, as long as you’re willing to pay a bit of a premium to buy the government-approved real estate and toss in a donation. The best second passport is a) the one you can afford b) that gives you visa-free travel to the most countries. After 9/11, though, only Dominica and St. Kitts and Nevis stuck around. St. Kitts and Nevis used to be the only game in town, but it has lost its luster since losing visa-free access to Canada in 2014. Comoros did once have the cheapest instant passport worldwide, however this program was ended in 2016 by the new government. ? For this reason, my top 3 passports are all from the EU. Uncle Sam and the IRS are way ahead of you. It’s has been kept quiet by those hyping this passport, but I’ll give you the full story here. People all over the world have really taken notice of second passport programs, probably because they feel like they need a safe haven to escape to, a ‘Plan B’ so to speak. That requirement isn’t exactly tough, as you could knock it out with a month-long vacation to celebrate your new passport, but it is a requirement nonetheless. It’s definitely worth considering, even though it’s no longer the only game in town. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. Learn more about Turkey’s citizenship by investment program here. This was a big issue back in 2014. Citizenship by Investment Immigration by Investment and Tax Residency Incorporate your Company International Bank Account Options Strategic Internationalization Credit card payments are collected by Incorporations Payments LLC with address at 26031 72nd Av NW, Suite O167, Stanwood, WA 98292 I saw that it was included in 2018? Please see my post Russian Second Passport Program for more information. Or do you simply want to work towards a passport in a cheaper way? You’re also at the mercy of the lira exchange rate on the day of the sale, as well as an appraisal that may not value cheap resale properties (the kind that make good investments) as highly as new construction. The business investment isn’t a “come and run your own business” scenario. Montenegro followed Malta’s example and created a hybrid system that requires a donation and an investment. There are two countries tied for this title: Dominica and St. Lucia. It’s a second passport which is not on anyone’s radar and a transaction which can be completed in private. . ⤅ Who Might Need Citizenship by Investment? If you’re going to buy the passport by making a donation to the government, you might as well save yourself $50,00 and go with Antigua. Remember that this opportunity is focused on bringing business and jobs into Russia rather than cash from the sale of passports, so it functions differently from the others described here. Antigua started its citizenship program in 2012 with a unique requirement: citizens must live there for 35 days out of the first five years. I would go to the “apply” section and many links posted by Andrew on other comments. , and there are many providers ready to sell you everything from a shack to a timeshare in a five-star hotel. I am a practitioner, not a theorist. EUR 250,000 one time investment in development projects approved by Government plus EUR 100,000 contributionto Government (Grant + Investment model. He had over $100 million and was willing to pay $800,000 to get European citizenship immediately, Solution: Citizenship by investment in Malta. This is because it gives you visa-free access to 171 countries. Comoros citizenship by investment program provides you the opportunity to legally acquire a new nationality and a Comoros second passport promptly whilst enabling global mobility for you and your family. Thank. The donation is almost always the better option as the real estate is vastly overpriced and, as some of our clients have told me, not even nice. Plus, the real estate option involves extra government fees. If you can comfortably kiss €650,000 goodbye, this is a great program that covers all the bases. If you are interested you can send us your application and we’ll see how we can help you. How long does it take to Invest to become a Citizen of Comoros? Thank you in advance, Hi Patric, thank you for your comment. St. Lucia provides visa free travel to 121 countries as well as visa free travel to Switzerland or 180-days in the Schengen area of the European Union. Grenada used to have a citizenship program but canceled it. Am holding Nigeria passport.am looking for citizenship by investment. I searched online and their citizenship by investment programme is still running. Here at Nomad Capitalist, we approach second citizenships from the mindset of an investor: you should never keep all your eggs in one basket. A travel document from Dominica gets you visa-free travel to only 91 countries, making it the 41st most valuable travel document. I am willing to invest 150000 euro for Malta citizenship. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. Antigua’s investment options are pretty standard fare for Caribbean passports and range from a $100,000 donation to the government (including a University Fund), a $400,000 real estate investment, or a $400,000 business investment (if made with a group of other applicants investing at least $5 million collectively.). Cyprus is the third smallest nation in the European Union and made it on to the world stage by seizing wealthy foreigners cash to bail out their banks during their 2013 recession. Currently, the fate of the scheme is set to be decided in September of 2020 and Moldova will not accept any new applications until September 2021, if they accept them at all. There has been immense competition among the Caribbean CBI programs this year, since the global COVID-19 epidemic grounded most of the world’s planes and left the tourism-dependent islands stranded and yearning for cash. The discount is necessary based on how we value second passports. As of April 14, 2015, a second passport from Antigua gives you visa-free travel to Canada, where a passport from St. Kitts does not. You could say that the St. Lucia second passport program allows you to double your money in 5 years. But if you are a six-, seven-, or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money, and simply getting the few extra things that Malta could give you elsewhere. I think the most surprising part of this article was that you have a friend (Christian). For a limited time, Antigua and Barbuda is running a special discounted offer for its passports, due to Covid-19, of course. The Comoros citizenship-by-investment program is useful for foreigners needing convenient access to international banking and as a strategy against dire political and economic environments back home. It’s the most valuable passport available for purchase, the best EA passport, and offers visa-free travel to 171 countries. Antigua is the only Caribbean CBI to offer visa-free travel to South Africa, but that’s about it. ), there are different ways to achieve the same things in the investment immigration world. When you buy a Grenadian passport, you’ll definitely be paying a premium. But don’t forget what we said in the beginning of this article – there is no universal “best citizenship by investment” program – only the one that is the best for YOU. It is the only program of its nature that grants access to both the European Union, There are several different components to Maltese citizenship by investment. A passport from Bulgaria may allow you to work in the UK. Which passport is ranked 1st? Also I cannot find ‘russia’ in their list? That’s a set of really flexible rules. Here’s who is eligible to get a Dominican citizenship now: • Adult siblings (biological or adopted; must be single and childless), • Adult children (don’t need to be studying or living with parents), • Financially dependent parents and grandparents of both the main applicant and spouse (don’t need to be living with main applicant), • Children born and spouses married after the applicant has received citizenship. It also allows you to travel visa-free to the United States. Now, keeping your needs and wants in mind, let’s get into the detail of each of the dozen CBI programs. You can achieve deeper diversification by creating a portfolio of passports. Since I first wrote this article, there has been a huge proliferation of citizenship by investment programs around the world and, in 2020, there are 12 programs currently available: If you don’t want to get into the full detail of each of these programs and want a little shortcut, we’ve got you covered. The only investment required is the purchase of the passport itself for a one-time payment of US$45,000. will eventually yield a second passport, but it will take at least five years or more. If you want our expertise to assess your personal situation and recommend not only second citizenships but also investment opportunities, foreign bank accounts, and offshore company structures that will help you to increase your personal freedom to go where you’re treated best, feel free to reach out. For more information on second passports and economic citizenship programs, please contact me at, INTERNATIONAL TAX & BUSINESS GUIDE, 2020 – 10TH EDITION, The Cost for a Second Passport from Bulgaria will Double Next Year, Best Panama Residency Program by Investment, How to Open an Offshore Bank Account in Cayman Islands – Cayman Banking Guide, Move to Puerto Rico and Pay Zero Capital Gains Tax. “for sale” on earth ever since Belize ended its $40,000 program years ago. when you are thinking about portugal go for it please. For more information, see: The Cost for a Second Passport from Bulgaria will Double Next Year. If a passport’s value were wholly defined by its travel privileges alone, the United States would have among the world’s best citizenships and no one would be calling us to ask for help renouncing their US citizenship. But it does not come cheap. When a client comes to us for help, that’s always where we start: their needs and wants. Yet, we still think it’s not solid enough to stand on its own as a replacement for a Tier A passport. can you explan it ? The problem is that a lot of those countries don’t let you go to Asia and the Comoros passport offers visa-free travel to Asia. Meanwhile, Egypt and Jordan, which technically have citizenship by investment programs, are never the options that we would recommend to our clients. Total cost would be fees plus interest lost / opportunity cost of the capital invested into government bonds. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best". If you insist on the real estate tract, consider a condo timeshare. You might be thinking to yourself, how will the bank know I’m an American? Now, considering the price tag, what are the benefits of Montenegrin citizenship? Here’s my list of the 10 best second passports for sale. Dominica is the least expensive of the Caribbean passports. What passports do you currently have and which ones would you like to have? In the beginning, their requirements were a bit more stringent. Either way, you’ll receive a second passport out of the deal. Due to the reckless sale of diplomatic passports to some shady characters, as of the 26th of June, 2017, citizens of Antigua and Barbuda need a visa to visit Canada. Ideally, a citizenship by investment should only be one of several passports you hold. Comoros ranked 160th out of 190 countries in the World Bank’s 2020 Doing Business Report, gaining four places compared to the previous year. Yet, since it’s quite a new CBI program, it’s going to be interesting to see how it plays out. The final component does not involve money as much as it involves time. As perhaps the only person who covers the second citizenship scene to have actually been through three CBI processes personally (St. Lucia, Dominica – which I aborted, and Comoros), I’m uniquely qualified to speak on this subject. And one of the main goals for Nomad Capitalist is to make sure that all of one’s bases are covered, from where you bank to where you hold passports without becoming obsessed with ‘shiny objects’ like Mediterranean villas. Yet, we still think it’s not solid enough to stand on its own as a replacement for a Tier A passport. We won’t be giving you a ranking system that you can skim over and then pick the number one option merely because it’s at the top of the list. It will take two years to get your passport and requires you to visit Bulgaria twice. Currently, there are 12 countries offering second passports via investment and donation: Malta, Cyprus, Montenegro, Turkey, St. Lucia, Antigua and Barbuda, St. Kitts and Nevis, Dominica, Grenada, and Vanuatu. For example, Ukraine will probably be removed from the list. A second passport  will allow you to travel and invest with more privacy. Seems to offer a very attractive path to EU citizenship. Each country that offers citizenship by investment has a clearly outlined program that has been authorized by its government. I did St Kitts as an interim while I worked the long road to a top 1 or 2 rated passport. So, many countries that offer citizenship by investment have lowered their prices to try and lure investors in. The Dominica program was recognized as the best in the world by the Financial Times’ Professional Wealth Management magazine that regularly published a CBI index. Alternatives to Citizenship by Investment, Unless you’re a US citizen in need of a second passport to reduce your tax obligations (these people don’t have any alternatives but to. A passport from Malta is the 8th most valuable travel document. You can learn more about how to create a passport portfolio here. Before Cypus’ program was shut down, Malta was still a better deal than Cyprus for many people because of this, particularly if they would rather donate a much lesser amount and invest the difference elsewhere. There has been some political maneuvering on this point and the results are not yet known. Group 2 offers travel to 173 nations including Canada. As far as I can determine, only one real estate development has been approved, the Mount Cinnamon Resort and Beach Club. Here is how we can help and explain: https://nomadcapitalist.com/shop/nomad-strategy-call/, I haven’t read of anywhere , where $ 45 000 would but you citizenship, Respected si/Madam- currently I’m citizen of India. It doesn’t get you visa free in to the US… only Malta and Austria do that. It also allows you to live and work anywhere in the EU. Some passport holders may not be welcome in other countries and find it difficult to get a visa for a holiday let alone employment. We currently hold Indian passport, Interested. The following investment qualify for immediate passport, under the Comoros Citizenship by Investment Program: donation to Comoros government. Sir how r u sir i m businessman my weaving indusrty in pakistan i m interested purchase passport with family me my wife and 1 daughter 13 years old country is belize sir urs say the up $ 40,000 of buying passport belize but tell me plz how long the process time colect passport and how much give visa free country belize passport holder plus urs fee plz complete information send me this mail, I’m disappointed that Bulgaria was not included. You can get automatic citizenship in this English-speaking Caribbean paradise for a $100,000 donation to the Dominican government. Second Passport by Investment Programs – Comparison Table. Are you expecting a response here? Comoros is an Island nation in the Indian Ocean northwest of Madagascar. I was most disappointed to discover that CIBC (Caribbean bank) would not open bank accounts for people who had acquired citizenship by investment in St Kitts. If you purchase property in the more popular coastal area, the investment requirement goes up to €450,000. Citizenship-by-Investment Options. Residency by investment is not the same as citizenship by investment. I already bought mine though 🙂 Lucky me…. The Comoros Economic Citizenship Program is a legal naturalization program based on changes to the Government law made in 2008. A sad reminder of how bad things can be in a third world country. Is Grenada or Antigua better? Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia, and the United States. It’s almost a shame to lump Vanuatu under ‘Other RBI programs, but it’s not just its location that makes it obscure. It does not give you visa-free travel to Canada or the US. The requirements have always been simple: you can donate money to a government development fund, or you can buy “approved” real estate. Perhaps the author of this article would be kind enough to touch upon the risks associated with unreliable nations (corruption index is good measure). Overview This southern European island country, lying 80km south of Italy and 284km east of Tunisia, is an archipelago consisting of three inhabited islands (Malta, Gozo and Comino).Malta is the world’s 10 th smallest country in area and the fifth most densely populated sovereign country. • A couple can invest $250,000 for 6 years (price reduced from $535,000; duration increased by 1 year). Now it’s closed! From start to finish including visa processing times (for those requiring it), the Paraguayan naturalization process is closer to a 4.5 to 5-year process. In the Pacific, many small nations emerged with citizenship by investment programs (CIPs) providing passports from $8,000 to $50,000 a head. 1. VERDICT: If you’re seeking a “budget passport”, Dominica is one of the best value citizenship by investment options in the region. They’ve taken efforts to correct their pricing due to recent price wars, but it’s still intentionally overpriced. Countries began blocking St. Kitts citizens from entry on grounds that the passport could be used to facilitate terrorism. Remember what we said about individual needs and wants? It’s also got a flawless reputation on the investment immigration scene and fully-digital processing of all paperwork, which is especially important when a global pandemic is going on. Fast forward another decade, however, and things began to change once again. The citizenship by investment industry has undergone a lot of changes in the last year, including a major change to the St. Kitts passport offering. It does reject applicants and it has proven that it’s, Now that St. Lucia has reduced its donation to a mere $100,000 (and has launched special 2020 pricing for government bonds), it’s a worthy competitor to Dominica for value-conscious westerners who want a passport further off the radar for its economic citizenship program. Here is the link https://nomadcapitalist.com/apply. Then, To be clear, economic citizenship is for people with a pressing need to have another passport. Because of the weakness of the ruble vs the dollar, Russia is currently a value proposition. One of its main pros is access to the UK and Ireland, which its historical ties to these islands grant it. The problem with this list is that none of the countries are places where you might actually want to live. And as perhaps the only person who covers the second citizenship scene to have personally been through four citizenship by investment programs, I am uniquely qualified to speak on this subject.Â. 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