The Comorian passport is issued to citizens of the Union of the Comoros for international travel. The discount is necessary based on how we value second passports. for as little as $8,500 (single applicant) through their “favored nations visa” program. Only 500 applicants are approved per year, which has helped to retain the value and credibility of St Lucia's passport around the world. But be careful, as Malta may not fit into your holistic financial and personal plan. The St. Kitts passport is ranked 24th in the world in 2016. What is citizenship by investment? If this all sounds like rocket science to you, check out our citizenship by investment page where we give you a beginner’s crash course on all things citizenship by investment. 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. But for an overview of all CBI programs, read on. Luckily, citizenship by investment isn’t the only way you can get a second passport. In the beginning, their requirements were a bit more stringent. 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. You can expect deeply discounted prices and fully digital processes now. Also, it is important to be aware that Comoros government officials have been caught selling Comoros passports on the black market. The first one is the classic donation, which is currently €650,000. 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. 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. That’s right, the government bonds do not pay interest. 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. Malta has a great passport and gives you a lot of privileges, but that also means there are more strings attached. ⤅ The 12 Citizenship by Investment Programs Available Now. You can buy a passport with a $295,000 “donation” to their sugar fund or by investing at least $500,000 in real estate. Each country that offers citizenship by investment has a clearly outlined program that has been authorized by its government. Montenegro followed Malta’s example and created a hybrid system that requires a donation and an investment. If you’re a US citizen, note that owning a second passport doesn’t change your US tax filing or paying obligations. when you are thinking about portugal go for it please. 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. Vanuatu’s passport is one of several economic citizenships that offer visa-free travel to Russia. The St. Lucia second passport program is new for 2016 and modeled after the Bulgaria citizenship program. Learn more about St. Kitts and Nevis’ citizenship by investment here.Â. Here at Nomad Capitalist, we’re always wary of government-approved real estate investments as they tend to be overpriced. Investment in real estate, land development and infrastructure projects. What do you think? Sure, Antigua and Barbuda offers more options for investing, but it really depends on whether you’re single, married, or have a family to determine whether Antigua delivers the best value for you. Are you expecting a response here? Now, it’s $150,000. Here is the link https://nomadcapitalist.com/apply. 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. It does reject applicants and it has proven that it’s capable of revoking citizenships (unlike Cyprus). 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. Lots of red tape. This will change in 2015. for more information. After you make the donation of €100,000, you will need to make an investment in government-approved real estate in one of two tiers. Until the 31st of October, 2020, you can: • Add a child (0-5 years old) to your application for $10,000 (discounted from $25,000), • Add a child (6-17 years old) to your application for $20,000 (discounted from $25,000). They wanted visa-free access to several countries in Latin America. Even so, you still have to buy what has been approved by the government; you can’t go out and find the real deals. What about Bulgaria. Russia did not create a citizenship program and the Comoros program no longer exists? Learn more about Antigua and Barbuda’s citizenship by investment program here. Montenegro is at the top of, of EU candidate countries. The table below covers all the countries and all the legal programs where second passport can be obtained in a reasonably short period of time (from 4 months to 2 years) without actual physical residency in the country, simply by investment or contribution (donation). Today, you can invest the Turkish lira equivalent of. In the face of a global pandemic, CBI countries have lowered their prices or even launched special deals to claim the cheapest citizenship by investment program title. All future applicants will be subject to new requirements.Â. It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. Include another US$10,000 for each child less than 18 years of age. 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). As far as I can determine, only one real estate development has been approved, the Mount Cinnamon Resort and Beach Club. I think the most surprising part of this article was that you have a friend (Christian). While there have been rumors of economic passport programs popping up in random Pacific islands over the years, there is currently only one offering passports by investment – Vanuatu. Another use of the citizenship program was to compensate the mostly Russian foreign depositors whose cash they’d “borrowed” and converted into equity. Antigua is the only Caribbean CBI to offer visa-free travel to South Africa, but that’s about it. Update September 2020: Malta’s program is reaching its cap of 1800 applicants, at which time the program will be renewed but with more stringent (and expensive) requirements. Or do you simply want to work towards a passport in a cheaper way? St. Lucia took a different route than other Caribbean CBIs. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. You have until the end of 2020 to apply. In such a market, countries are not interested in diminishing their brand by selling you a passport for $50,000. Because I want to apply malta citizenship program offered by your company to get the citizenship of that country. Click here are all the visa free countries. 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. 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. If money is no object, this is the passport to buy. Kind regards. Citizenship by investment is a process by which an individual obtains a second passport and second citizenship by investing in the country ― usually in the form of property investment. 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. I mean when i search their taxes I find that citizens DO pay taxes in granada on their income.. wtf.. any clarification on this? The St. Kitts and Antigua programs are mirror images of each other. Expect it to cost around $1.85 million “all in.”. Hello Robert, I just wanted to know as I am interested in Panama residency and then naturalization: is it possible to retain my original nationality when naturilizing panamean or I have to renounce to my original one ? One of its main pros is access to the UK and Ireland, which its historical ties to these islands grant it. And if you are in no particular rush, residence by investment could give you a solid path toward citizenship via naturalization after making an investment in exchange for residence in any number of countries. Montenegro had a short-lived CBI program in the early 2000s and the government deliberated a long time before they brought it back, but they finally put the program back on the map. And you’ll be lucky to find a single family home for around $500,000… more likely $800,000 to $1 million. I searched online and their citizenship by investment programme is still running. If you want an EU passport, you are taking a bet by choosing Montenegro over the programs that really are guaranteed, like Malta. Uncle Sam and the IRS are way ahead of you. After 9/11, though, only Dominica and St. Kitts and Nevis stuck around. Thanks. The final component does not involve money as much as it involves time. 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. Grenade or turkey. Does Panama accept dual citizenship after naturalization? Meanwhile, if you’d rather invest in real estate, the minimum investment sum is $200,000, and there are many providers ready to sell you everything from a shack to a timeshare in a five-star hotel. Despite this, Malta has the world’s most aspirational citizenship by investment program. While you can technically buy any real estate you want, you still need to have a plan. Best of luck! All second passports now list your country of birth. Don’t forget that Dominica has additional fees that apply when one chooses the donation investment route. If you are interested you can send us your application and we’ll see how we can help you. , 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. You will get the money back after those five years, so you’re not losing anything, but there’s certainly an opportunity cost involved. There are two countries tied for this title: Dominica and St. Lucia. In May 2018, the African Development Bank approved a disbursement of USD 1.5 million for a support project for investment promotion agency (PAAPI). What makes it an especially hard decision now is that you can buy many of those passports on sale. Dominica started its program back in the 1990s and has earned itself the title of offering the best value passport out there. A second passport  will allow you to travel and invest with more privacy. Please see my post Russian Second Passport Program for more information. Schedule a 30-minute consultation with Christian Reeves on your international tax or business matter. . 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. For the sake of simplicity, we’re going to consider three citizenship by investment programs to be European: Malta, Montenegro, and Turkey (Cyprus canceled its program on November 1, 2020). And it’s the most expensive second passport. In the eighties and nineties, the citizenship by investment (CBI) industry was a veritable Wild West, with no real accountability or oversight. We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. Of course, this was at the behest of the United States who was looking to enforce it’s FATCA system. However, we would suggest that anyone getting an economic citizenship consider getting a “real” second passport as well, and that other passport might also offer those benefits, thus making Grenada redundant. Like the Austrian business program, this citizenship by investment option was approved and signed in to law in late 2014. Let’s start with Europe. 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. Group 3 gets you access to 172 countries and is a passport from Belgium and Netherlands. This program is quite complex and difficult to unravel, without an official website and government officials that sometimes say conflicting things. From there, you can add on various dependents. You must have a new passport in hand before you dump your blue travel document. The less scrupulous people in the citizenship industry often say, “It’s imminent! It is also the first step in renouncing your US citizenship. 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. Please see my Second Passports article for fees and other information on Dominica (near the bottom of the page). 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.). Seller of second passports for 2016 and modeled after the Bulgaria citizenship program to. Ways to get residency in Panama for free if you can afford the of... 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