Citizenship by investment is one of the most reliable ways to secure you and your family’s future. As the trend of globalization continues,, residence and citizenship opportunities have gained a significant interest among internationally mobile entrepreneurs and immigrant investors looking to improve their quality of life.
What is citizenship by investment?
Citizenship by investment allows individuals and their families to invest in a country to obtain citizenship. Through this legal procedure, individuals and their families may acquire an alternative citizenship. Immigrant investors have access to all the privileges granted by citizenship of their new country.
What are the benefits of citizenship by investment?
Freedom of movement
One of the most immediate and tangible benefits of dual citizenship is having increased visa-free travel. Whether you’re looking for work, education opportunities, or just an ideal place to rest and relax, a second passport allows you to skip visa applications by having a passport from a country with a high level of visa free travel.
Foreign investment opportunities
A second passport gives a person more financial options. Thanks to a second passport, individuals can open offshore bank accounts and improve their foreign business opportunities. Citizenship by investment can be used to diversify a person’s assets without being stunted by the restrictions associated with their original passport.
Safety for your family
A person’s citizenship by investment may be transferable to their spouse and children. In some cases, with citizenship by investment programs, you can include your entire immediate family. Thanks to this, an individual may grant their children the possibility of living, working, and studying abroad. Investing in a second passport today means that your children and potentially grandchildren will be handed access to all the rights, privileges, and services of their country of citizenship.
A second passport protects you from political instability and the due diligence of an unfair regime. While serious political turmoil can leave most people trapped inside their countries, those with second passports have an internationally recognized reason to be allowed to freely leave. This benefit can be passed down to one’s offspring and possibly future generations by descent.
Access to better healthcare
Minimum investment in a dual passport can improve your access to healthcare for the rest of your life. Having a European second passport or a Commonwealth Caribbean passport means having access to top-tier healthcare programs at a minimal expense.
Grow your business
If you’re a businessperson, your current passport may be holding you back. For instance, a Swiss entrepreneur has more opportunities to make money than an American one just by virtue of being able to do business in more countries. For example, Malta citizenship by investment increases a businessperson’s opportunities to live and work in Europe.
What do countries gain from citizenship by investment programs?
Countries have a multitude of reasons to offer citizenship by investment programs. While in some cases the purpose of these programs is to help sustain the nation’s communities, some countries choose to offer golden visa programs to bring business to their nation.
The benefits investment programs for citizenship bring to countries include:
- The creation of local jobs
- The diversification of the local economy
- The funding of infrastructure projects
- The invigoration of the nation’s private sector
- Decreasing national debt
Which countries offer citizenship by investment programs?
Here are just a few countries that offer citizenship by investment. There are some more countries other than the ones listed below:
St. Kitts & Nevis
This beautiful archipelago is located in the West Indies and is the smallest sovereign state in the Western Hemisphere. As a former English colony, St. Kitts and Nevis is a member of the Commonwealth of Nations and Queen Elizabeth II is the de facto head of state. While the official language is English, locals also tend to speak Saint Kitts Creole, a local dialect.
The country is located in the Caribbean and is a prime example of all of the region’s beauty. Most people who live in St. Kitts and Nevis prefer to do so along the coast of the two main islands to enjoy the pristine beaches. However, the country also has several mountain ranges covered in tropical flora, making it excellent for those interested in immersing themselves in nature. The St.Kitts & Nevis citizenship by investment program is the longest operating program after its first inception in 1984. The passport offers one of the highest levels of visa free travel amongst countries offering citizenship by investment and it is known as the platinum brand for citizenship.
Antigua and Barbuda
The nation of Antigua and Barbuda lies between the Caribbean Sea and the Atlantic Ocean. Roughly 97% of the nation’s population lives on the island of Antigua. Antigua has a nice sailing community and hosts yacht regattas on a yearly basis.
Due to its beautiful landscapes and locales, tourism accounts for 80% of Antigua and Barbuda’s GDP. The shorelines of the two main islands are full of beaches, lagoons, and natural harbors. Together with a tropical climate that sees only slight rain, the country is the perfect vacation spot for people who enjoy going to the beach. Antigua & Barbuda have a newer citizenship by investment program and offers one of the most affordable options for families.
The Commonwealth of Dominica is an island nation in the Caribbean. It is known as the “Nature Island of the Caribbean” due to its admirable natural diversity. The island is home to lush rainforests, mountains, and many exotic plants and animals. Moreover, the world’s second-largest hot spring, called Boiling Lake, is located in Dominica.
Thanks to tourism, construction, offshoring, and successful macroeconomic reforms, Dominica has experienced an economic improvement. Offshore banking, payment processing companies, and general corporate activities are experiencing a surge in Dominica. The country offers a variety of tax benefits to companies looking to relocate from abroad. The Dominica CBI program is one of the most attractive options for single applicants.
Once the lair of the French pirate François “Peg Leg” Le Clerc, this tropical Caribbean nation enjoys a tropical rainforest climate. Its close proximity to the equator guarantees that the temperature remains warm all year round. St. Lucia is a popular tourist destination thanks to its tropical environment and a multitude of beaches, resorts, and other amenities. For instance, the island has a drive-in volcano where one can drive close to the lava.
In recent years, St. Lucia has successfully attracted foreign businesses and investments. Important sources of revenue include the offshore banking and tourism industries, which constitute the backbone of the local economy. As with other former English colonies, St. Lucia is an independent state and a Commonwealth realm.
The Republic of Malta is an archipelago in the Mediterranean Sea. The country is considered part of Southern Europe and is a Member State of the European Union. Malta gained its independence from the United Kingdom in 1964, and since then it is part of the Commonwealth of Nations. Malta has two official languages: English and the local Maltese language, known as Malti.
Found 80 kilometres south of Sicily, Malta has a mild and pleasant Mediterranean climate. More than a million tourists visit Malta every year and it is estimated that, at any given moment, there are three times more tourists than locals. Malta has great tourism infrastructure, making it an excellent destination to go on vacation. Malta citizenship is a top citizenship by investment program with the highest level of visa free travel of all CBI programs. With Malta citizenship you can reap the benefits of being a European citizen.
What are the requirements for obtaining a second passport?
There are 5 main ways a person is granted dual citizenship:
- Fast-track naturalization
Certain countries offer citizenship applications to individuals who have proven family ties to the country.
In many countries, contracting matrimony with a citizen grants a person dual citizenship and permanent residence.
People who stay in certain countries for an extended amount of time (legally) will eventually be able to apply for citizenship. Depending on the country, individuals pursuing citizenship may not be permitted to travel or reside abroad for some months or years.
In some countries, one may be required to pass cultural, language, and historical knowledge exams, as well as give up their original citizenship. It may take up to 30 years for someone to be eligible for citizenship status in some countries.
There is no hard-cut set of rules to fast-track citizenship. This procedure is often granted in exceptional cases, as is the case with athletes or entrepreneurs on a case by case basis.
Citizenship by investment
This is the fastest and easiest way to obtain citizenship. Many countries offer individuals and their families citizenship in exchange for direct investment in the country. Investment in a citizenship program requires no residence permits and can be achieved in about 6 months.
Where can I get citizenship by investment?
JH Marlin can help you with all your international residence and citizenship by investment needs. As experts in citizenship and corporate commercial law, JH Marlin can help you obtain a second passport and fulfill your dreams of achieving an international lifestyle.