I’ve compared the price to the number of visa-free countries, as well as access to the EU and United States. The cost of a Maltese passport is $1.57 million dollars plus fees. Here is the link https://nomadcapitalist.com/apply. You can get automatic citizenship in this English-speaking Caribbean paradise for a $100,000 donation to the Dominican government. For example, a second passport from Austria is the 4th most valuable travel document in the world and the most valuable second passport you can buy. If you purchase real estate in the less-populated skiing and agricultural regions in the north, you must invest at least €250,000. We personally understand your ‘why.’, The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success. However, access to China, Russia, and the USA could make the higher price tag worth it depending on your needs. 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). Other Caribbean programs have copied it, and the program has enjoyed a lot of success up until now. If you can comfortably kiss €650,000 goodbye, this is a great program that covers all the bases. The amount of investment and business type are negotiable. Is Grenada or Antigua better? . All in all, Antigua and Barbuda offers an interesting passport program (we’d give it a B+) with several investment options, but it has been leveled by also losing visa-free access to Canada (just as St. Kitts did earlier). Because an Austrian passport gives you visa-free access to 171 countries, it’s a 4th tier passport and the best second passport you can buy… if money is no object. In exchange, Comoros receives a fee for each passport issued. Plus, the real estate option involves extra government fees. For a bespoke plan, apply for a consultation. So, if you feel comfortable doing that, you can obtain your passport this way. We experienced this before and we will be happy to help you. In fact, only Vanuatu – a tiny island in the Pacific – is actually worthy of a mention. This is especially true for cryptocurrency investors who may need a second passport to continue their investments. Detailed information and comparison of ALL citizenship-by-investment programs in 2021. It’s just getting started and no second passports have been issued as of this writing. But be careful, as Malta may not fit into your holistic financial and personal plan. In my opinion, this makes citizenship from St. Lucia a more private and “below the radar” purchase or investment. I prefer these smaller programs to the big names like St. Kitts which has received a lot of attention in the last few years. The Bulgaria program ties up your cash for 5 years interest free. 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 renounce), there are different ways to achieve the same things in the investment immigration world. Include another US$10,000 for each child less than 18 years of age. The Best Passport vs. a Passport Portfolio. ⤅ Alternatives to Citizenship by Investment, ⤅ The Best Passport vs. a Passport Portfolio. How long does it take to Invest to become a Citizen of Comoros? 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. plain and simple, nothing to debate, they are scams. 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. Malta requires a second investment – a home – as proof of an established connection to Malta. Also, offshore banks will continue to report to the IRS under FATCA, Uncle Sam and the IRS are way ahead of you. Plus, it is award-winning. Grenada allows you to make a (newly reduced) donation of $150,000 for a single person or $200,000 for a married couple in exchange for citizenship. 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. Learn more about Malta’s citizenship by investment program here. Montenegro is due to join the European Union soon, whereas a part of Turkey also has such plans, though they are much more distant than those of Montenegro. Also, it is important to be aware that Comoros government officials have been caught selling Comoros passports on the black market. for a family of four. Their programme is still running and there is a fast track to get citizenship in 2 years, recovering the investment in 4 years since starting the process. And there are of course agency and processing fees. And you’ll be lucky to find a single family home for around $500,000… more likely $800,000 to $1 million. This is a “we have businesses run by locals, give them $400,000” type of investment. Learn how your comment data is processed. As a second passport holder you will receive the same rights and protections of any Cyprus citizen. 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. The key is to diversify across different country characteristics. Group 3 gets you access to 172 countries and is a passport from Belgium and Netherlands. Dominica’s citizenship by investment program here, Grenada’s citizenship by investment program here, Antigua and Barbuda’s citizenship by investment program here. Everyone’s passport portfolio will be different and can be filled with passports obtained in various ways. St. Lucia is one of the newest citizenship programs in the Caribbean, launched in 2016. Â. Today, you can invest the Turkish lira equivalent of $250,000 into real estate – and hold it for three years – to become Turkish in a matter of months. It reissued them with the holder’s place of birth and any other names by which he or she had been known. Like its Caribbean counterparts, Dominica has announced a slew of post-covid changes that make it more appealing to foreign investors. By comparison, Dominica gives you visa-free travel to 91 countries and is thus in the 41st tier. Also, offshore banks will continue to report to the IRS under FATCA. You won’t, however, get visa-free access to the UK, Ireland, the US and a few rather important countries. Its relatively low minimum investment, as well as easy access to the USA and the UK, make it a decent addition to a passport portfolio (something we help people create). Remember what we said about individual needs and wants? Plz provide information as soon as possible. If you were born in the US, the bank will see this on your second passport and list you as an American until you provide them proof you’ve renounced your citizenship. You can achieve deeper diversification by creating a portfolio of passports. 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. Actually, the lure of being isolated geographically and hence different from Caribbean programs could be a game-changer for some. 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. The Hurricane Relief Fund is no longer available but the lower price remained. Peru and Colombia are better options for (quicker) residency-to-citizenship, imo. And that’s not something to be scared of. Countries are defined by the power and strength of their passport on the Henley Passport Index and The Passport Index. Also like St. Kitts, the passport gives you visa-free travel to 132 countries and is ranked 24th. They wanted visa-free access to several countries in Latin America. please explain. St. Kitts has become the #1 seller of second passports in the world. From there, you can add on various dependents. Despite this, Malta has the world’s most aspirational citizenship by investment program. While I didn’t have to pay for it, it was not exactly easy. It looks like that Comoros Citizenship by Investment Program has the most affordable cost of all such official solutions. 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. Learn more about Vanuatu’s citizenship by investment program here. T he world’s business elite are legally acquiring a second or even third passport simply by following the correct investment and residential protocol set out by countries offering Citizenship by Investment programs. But once the idea was out there, other countries followed suit with Dominica and Belize creating programs in the early 1990s and – for a brief time in the late 90s – Grenada, Peru, and Ireland too. Vanuatu offers privacy and seclusion with its residence and citizenship by investment programs. The St. Kitts passport is ranked 24th in the world in 2016. If you’re a western citizen, the deep discount of Caribbean programs over European Union citizenship programs can be quite appealing. Like Bulgaria, Maltese citizenship gives you the right to live and work anywhere in the European Union. 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. Here’s everything you […] Because of this residence requirement, it takes approximately 15 months to obtain citizenship by investment in the country, the longest timeline of any CBI program. The Comorian passport is issued to citizens of the Union of the Comoros for international travel. When you compare St. Lucia to its Caribbean neighbors, it costs a fraction because you get your investment capital back. 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. 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. Please see my. Several years ago, I became a citizen of the Comoros Islands via investment, but once a new government took over, they shut the program down. , 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, In many cases, we’ll often tell our client to get a cheaper economic citizenship and pair it with a. . Please see my post Russian Second Passport Program for more information. We do think this will be a trend among CBI countries, although it must be said that Antigua has since reduced the requirement to a mere five days. Second Passport by Investment Programs – Comparison Table. The government uses your donation to build up the country by investing the funds in various projects around Malta that help the citizenry, so you can feel good about your donation. If you want to bypass all this and secure yourself a second passport in as little time as possible, you’ll need a citizenship by investment program. This program is capped at 1,800 passports and there’s a requirement to “reside” in Malta. Which passport is ranked 1st? In addition to the donation, you must also invest €150,000 in Maltese government bonds — or occasionally Maltese stocks — for a period of five years. Grenada’s most interesting features are visa-free access to Russia and China, as well as being the only Caribbean CBI to be part of the United States E-2 treaty program. Or at least to me they are not. Plus, Dominica has also lowered its prices for all family sizes: • Single applicants will continue paying $100,000, • Married couples will pay $150,000 (down from $175,000), • A family of 4 will pay $175,000 (down from $200,000), • Additional dependents will still cost $25,000 per person, and adult siblings $50,000. 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. For example, Ukraine will probably be removed from the list. These so-called economic citizenships are largely valuable to three types of people. Now, it’s $150,000. We currently hold Indian passport, Interested. 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. If you’re a US citizen, note that owning a second passport doesn’t change your US tax filing or paying obligations. This was done by waiving the government processing fees for the University Fund option. Once you have dual citizenship it makes you feel like a true world citizen. Your spouse qualifies for an additional US$20,000. Please see my Second Passports page for details. These, and many other, questions need to be fully taken into consideration to determine the, What makes it an especially hard decision now is that you can buy many of those passports. The best citizenship by investment program doesn’t exist. Basically, it offers a simplified procedure to live part-time in the US as a business owner, and that makes it rather attractive to many people. 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. A Russian couple applied for our help. It’s has been kept quiet by those hyping this passport, but I’ll give you the full story here. Russia may offer fast track citizenship by investment scheme relaxing the above rules in the future. That is to say, a second passport from Austria is a group 4 travel document.  It’s also possible to get residency in Panama for free if you combine it with an investment in teak. 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. You make the investment and they grant you citizenship. 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. I already bought mine though 🙂 Lucky me…. This, in turn, means you must prove a legitimate connection to the country. Like the Austrian business program, this citizenship by investment option was approved and signed in to law in late 2014. To do this, you can either buy a property that is worth €350,000 or more (an actual investment) or enter a five-year lease that is worth at least €16,000 per year, bringing the total five-year amount to €80,000. It is a tax-friendly place where it’s easy to do business and Andrew personally enjoys spending his summers there. Either way, you’ll receive a second passport out of the deal. 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. If you want to set up a company, open a bank account, invest, immigrate and/or obtain residency permits and even citizenship in the Comoros Islands, get in contact with us directly for a free private consultation. Russia, in 4th position, is a unique opportunity. So long as you’re an American citizen, you must pay tax on your worldwide income. You can expect deeply discounted prices and fully digital processes now. If you go the rental route, although it is a much lower amount, this is money you won’t be getting back. 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. Brexit is Here. Citizenship requires you to set up or invest in to an active business in the country. 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. For example, where do you bank and hold your investments? And that will be the best citizenship by investment program – an opportunity that meets your needs and that’s actually taken. Today, you can invest the Turkish lira equivalent of. 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. You can buy a passport with a $295,000 “donation” to their sugar fund or by investing at least $500,000 in real estate. Only 500 applicants are approved per year, which has helped to retain the value and credibility of St Lucia's passport around the world. Working with a team that has gone through the process – for themselves and hundreds of clients – will help you achieve the best results. Thank. Montenegro followed Malta’s example and created a hybrid system that requires a donation and an investment. If you purchase property in the more popular coastal area, the investment requirement goes up to €450,000. VERDICT: We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. What Should UK Citizens Do Next? It’s just a matter of time!”. A travel document from Dominica gets you visa-free travel to only 91 countries, making it the 41st most valuable travel document. Its capital, Valletta, which is the smallest national capital in the … If we ranked the twelve citizenship by investment programs based solely on travel privileges, Malta would come in at number one, followed by Cyprus. Looking for a “Plan B”? But it does not come cheap. Perhaps the author of this article would be kind enough to touch upon the risks associated with unreliable nations (corruption index is good measure). That said, if you’re looking for the oldest-running program that has heritage and stability, this could be a good program to go for. article for fees and other information on Dominica (near the bottom of the page). Lastly, you must purchase a home for €350,000 or more, or rent or enter a five-year lease for at least €16,000 per year. The discount is necessary based on how we value second passports. Because of the weakness of the ruble vs the dollar, Russia is currently a value proposition. Malta and the US have a, , which operates a bit differently from other systems.Â. It does reject applicants and it has proven that it’s capable of revoking citizenships (unlike Cyprus). Or do you simply want to work towards a passport in a cheaper way? To put it another way, a family of four can obtain economic citizenship and second passports from Dominica for less than the cost of a single passport from St. Kitts. It’s recently taken solid steps in straightening out the program and making it more understandable to foreign investors, so it might still appeal to certain investors. The UK is too cold. So, we’ve lumped the programs based on their geographic region. You must have a new passport in hand before you dump your blue travel document. Coming in at $100,000, Dominica now has competition at this price point for solo applicants, but unlike other CBI programs, it does have a longer track record of being in operation to show for itself. 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 Learn more about Grenada’s citizenship by investment program here. The first one is the classic donation, which is currently. Now, considering the price tag, what are the benefits of Montenegrin citizenship? 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. Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia, and the United States. Actually, the lure of being isolated geographically and hence different from Caribbean programs could be a game-changer for some. Explore the interactive global ranking of the world's passports in real-time. Expect it to drop a few notches in 2015. Golden Visa programs like those in Portugal and Greece will eventually yield a second passport, but it will take at least five years or more. 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. When you add in taxes and maintenance costs, you’re better off paying the fee. The business investment isn’t a “come and run your own business” scenario. You can learn more about how to create a passport portfolio here. And what I have learned from obtaining multiple citizenships by investment – for both myself and hundreds of clients – is that what is best for me will not necessarily be the best choice for someone else. For most, this defeats the purpose of obtaining this passport. Each additional family member will cost you $10,000. VERDICT: 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. What about Bulgaria. Like St. Kitts (below), you can buy an Antiguan passport for a $275,000 donation or a $500,000 investment in real estate, plus about $60,000 in fees. Another route is invest $160,000 in a russian company and naturalize for citizenship after 3 years. It is also the first step in renouncing your US citizenship. 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. Because I want to apply malta citizenship program offered by your company to get the citizenship of that country. Comoros is an Island nation in the Indian Ocean northwest of Madagascar. Plus, the real estate option involves extra government fees. Vanuatu’s citizenship by investment program here. Additionally, Montenegro is also one of only five current CBI programs that offers visa-free access to Russia. You never need visit St. Kitts nor take a citizenship test… simply pay the money or buy the property and you’re good to go. "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, Second Residence: How to Get a Residence Permit Overseas, The Best Citizenship by Investment Programs, Citizenship By Descent: How to Get an Ancestral Passport, International Investment: How to Invest in Emerging Markets, Malta’s citizenship by investment program here, Montenegro’s citizenship by investment program here, Turkey’s citizenship by investment program here. 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