There are numerous reasons to invest in citizenship by investment program. Regardless of whether it’s for your family’s security or for your business to operate on a global scale, second passport investments are becoming popular for good reason. This year, the most popular countries that offer second passports are St Kitts and Nevis, Malta, and Grenada. Find out why:
Let’s check this table for comparison of the Citizenship by Investment Programs:
|St Kitts and Nevis||$ 150 000 – non-refundable contributions $ 200 000 – Real Estate||4 – 6 months|
|Malta||€ 600 000 – contribution to the national funds € 10 000 – charitable contributions € 700 000 – Real Estate||12-24 months|
|Grenada||$ 150 000 – non-refundable contributions $ 220 000 – Real Estate||4 – 6 months|
St. Kitts and Nevis: A Passport that is both Powerful and Affordable:
Established in 1984, St. Kitts and Nevis has one of the most well-respected CBI programs worldwide. It is also the first country to launch a citizenship by investment program. St. Kitts and Nevis grant citizenship to foreign investors within a period of 4-6 months from initiating the process to passport handover.
There are two investment options categories:
- A donation to the Sustainable Growth Fund of USD 150,000 for one person or USD 195,000 for a family of up to four.
- Purchase a $200,000 US property for seven years or a $400,000 US property for five years.
St Kitts and Nevis CBI program allow visa-free travel to 154+ countries, including the European Union, the United Kingdom, Russia, and Brazil.
Malta: The Strongest Citizenship by Investment Program
Malta is a Mediterranean island state located south of Sicily. It is a member of both the European Union and the British Commonwealth of Nations; hence, its residents are both EU and Commonwealth citizens.
Malta is a largely English-speaking country in southern Europe with great commercial opportunities. While it also provides residence, the main attraction is its citizenship by investment program.
Applicants for citizenship must physically dwell in the country for at least 12 months. Malta claims that its due diligence is the most thorough in the world, requiring an examination of the investor’s whole portfolio. As a result, individuals that succeed enjoy the best entitlement a citizenship program offers for a good quality of life.
Individual investors seeking citizenship through investment must:
a) Donate 600,000 euros to a government-approved national development fund.
b) Donate EUR 10,000 Philanthropic donation.
c) Purchase real estate for at least EUR 700,000 over a five-year period
d) Enter a five-year rental lease with a minimum annual rent of 16,000 euros.
Maltese citizens have visa-free and visa-on-arrival entry with 182 countries, including the European Union and the Schengen area. Maltese applicants can also add their family members as their dependents. An additional cost is required.
Grenada: The strongest CBI program amongst the Caribbean countries.
Grenada offers two ways of obtaining citizenship through investment:
- The first alternative is to donate a minimum investment of USD 15a0,000 to the country through the National Transformation Fund (NTF)
- The second is a minimum investment of USD 220,000 through real estate investment approved by the government.
Grenada CBI program is also one of the only Caribbean countries to offer the opportunity to apply for an E-2 Visa in the United States of America. Launched in 2013, Grenada has gained popularity because of this opportunity.
Once the applicant receive citizenship, the holder is granted visa-free travel to over 142 countries, including the United Kingdom and China, to name a few.
The application process will take 4-6 months.
Holding second citizenship in one of these countries is one of the best investments today. At Passport Legacy, we offer these CBI programs with professional guarantees. To apply for our CBI programs, book a free private consultation with Passport Legacy today and start your journey for a better tomorrow.