Dual Citizenship – Best Countries to Obtain a Second Passport by Investment

Some of the best countries to apply for a second passport are listed below.

Americas, Europe, Oceania, Opinion / Profiles
 

Imagine being able to visit over 100 countries without a visa; countries that you can see with travel convenience and many other advantages; countries that not only welcome you, but your family can also travel.  

All of this is possible if you make a certain amount of investment in a country from which you desire to get a second citizenship. This investment will support the selected country’s economy. As a result, you will be able to obtain a second passport, which will open gates for you to visit many countries easily.

The best thing is your money goes to an authentic cause where it can compound, and it will also give you a ton of profit. Many countries offer simple dual citizenship programs that do not take much time for processing and approval.

Some of the best countries to apply for a second passport are listed below. Let’s have a look.

Grenada 

Grand Anse Beach Grenada
Grand Anse Beach, Grenada

Grenada is part of the Antilles archipelago, surrounded by the Caribbean Sea and the Atlantic Ocean.  Grenada citizenship by investment program offers a free visit visa to more than 100 countries. According to several investment advisory firms, this program is ranked as one of the most efficient citizenship investment programs.

The application process is not complex, and getting approval does not take much time. You’ll be provided with a passport immediately after application approval to take advantage of all the benefits.

Eligibility Criteria

To get a Grenadian passport, you will have to invest at least $150,000 in the country’s economic development. If you want to include your family in the benefits, then the amount will increase up to $200,000.

Another way to apply for citizenship is by investing a minimum of $220,000 in a real estate project as a co-owner. You will have to make this investment for at least five years to ensure your dual nationality.

New Zealand

People are taking a strong interest in New Zealand nowadays because of its new geopolitical agreement. This agreement allows owners of dual citizenship to live and work in Canada, the UK, and Australia without a visa.

New Zealand is also an emerging economy because of its peaceful political environment. It’s a great country to invest in as the government is interested in new investors making their way into the market.

You can bring your family to New Zealand as well. Some world-renowned veterinary, medical, science, and technology institutes are situated in New Zealand. And there are numerous educational opportunities with affordable options. On top of that, you will have access to consular assistance, financial support, and even tax benefits.

The dual citizenship program provides consultation on an individual level and online, so the whole process becomes easier for the investor. Numerous educational workshops also assist in understanding the investment program for New Zealand.

Eligibility Criteria

When you have decided to invest in getting a New Zealand citizenship, there are two ways to go. The first is that you provide NZ $10 million over three years. The second option requires NZ $3 million over the period of 4 years.

dual citizenship
Copyright: Unsplash I License: CC0 Public  Domain
Malta 

Malta has been a member of the European Union since 2004. Malta offers dual citizenship by investment in two ways. You can either invest in real estate, which is the most common way, or you can invest in stocks.

If you go with the real estate option, you will have to buy a property within four months of your citizenship approval. You can also rent a residential property if you want. Stocks option is more affordable, but you will have to make sure that the government approves the bonds you plan to invest in.

Processing time is relatively long. It takes almost 12 months to get approval. But you will be provided with a passport shortly after your application is approved.

The plus point is that you will become the owner of a European passport. Malta has no taxes other than income tax. You do not have to live in Malta to take advantage of the dual citizenship benefits. You and your family can go to multiple countries without worrying about visa fees.

Eligibility Criteria

Malta provides many options for investments. You can invest a minimum of €650,000 in a national development fund. In the case of real estate, if you want to buy a property, you can invest at least €350,000 over five years. But if you rent a property, you will only have to pay €16,000 every year.

After the government’s approval, bonds and stock investment are also possible. For this option, a minimum of €150,000 is required.

Dual Citizenship: To Sum It Up

All in all, the citizenship by investment program is an authentic way to invest your extra capital. As you are investing in a reputed country’s economy, it is highly unlikely that your investment will meet any loss.

These countries are well recognized, and getting their citizenship will add many perks and privileges to your passport, including visas to visit multiple countries, dual citizenship, and many other tax-related benefits.

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Travel Begins at 40

Travel Begins at 40 Editor

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One thought on “Dual Citizenship – Best Countries to Obtain a Second Passport by Investment

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