Cheapest citizenship by investment passports

I will talk a bit about cheapest citizenship by investment passports (about 10 of them) where you can buy through a designated investment within months.

EU passport from Malta and Cyprus

European citizenship by investment passports

In my personal opinion, i would rate Dominica passport as “cheap and best”. You can apply for dominica passport for $100, 000 under donation route. You can use this passport to travel visa free to 26 european countries and United Kingdom. All the other caribbean passports obtained through investment are way too expensive goes more than USD 200,000 plus fees.

Citizenship by investment Passports (CIP)

You can also buy your way to get european passports from Malta/Cyprus, if you are “Mr Money in the Bank” as they are way too expensive, starts with a 1 million euro.

A good sensible approach is get a caribbean passport from any country, as they offer visa free travel to Europe (you can stay 3 months in 6 month period under schengen rules in any of 26 EU schengen countries including Switzerland for business or tourism purpose. The bottom line is you can stay maximum 6 months in Europe every year). This way you dont need to stay long in Europe and dont need to pay taxes. Of course you can take your family and children to Europe if they have caribbean passport. Visiting Europe/UK for 6 months is still a long time, and i personally know many investors who are used to sunny weather, think 3 months is too much and dont want to spend winters in EU/UK (oct to apr) because of less daylight and extreme cold.

Golden visa programs in Europe, give only residency (not citizenship), plus they are time consuming and the only way to get european citizenship through GV is living there permanently for more than 5 years (too long) and many foreign investors asking for citizenship want to do short trips dont want to move to another country leaving their home, family and business.

Over the years passports obtained through real estate investment are on a decline. Over 90% of foreign investors who seek alternative passport, prefer donation route (its cheap) and less time consuming compared to paperwork involved with real estate purchase. Many dont want to buy a property from a very far away country,which they cant manage and have difficulties selling after 5 years of holding period.

Lets have look at the about ten of citizenship programs (official and unofficial) currently up and running in caribbean and europe. I will rank cheapest first and later i will tell you how to use your second passport at airports and immigration.

1. Commonwealth of Dominica

flagdm

  • USD 100,000 one time payment to Dominica
  • Cheapest citizenship by investment program in the world.
  • No residency requirement to live in Dominica before or after citizenship.
  • Irrevocable citizenship for life against one time investment.
  • Passport within 3-4 months.
  • Dominica commonwealth passport is considered best second passport
  • Travel visa free to over 119 countries including UK, Ireland and EU schengen.
  • No interviews or language tests
  • No visit to Dominica required to get citizenship.
  • Passport issued with 10 year validity.
  • Citizenship program open to all country nationals.
  • Immediate citizenship for family and children.
  • No interviews. No language tests. No business experience.
  • Permanent residence card live and work in Dominica.
  • No wealth, gift, inheritance, foreign income or capital gains tax and no personal income tax for residents.
  • No restriction on the repatriation of profits and imported capital for business.
  • Confidential application process through authorized agents.

Request a free quote

Dominica

Please note “Commonwealth of Dominica” should not be confused with “Dominican Republic”. Both are different countries.

2. Grenada

flag-gd

  • USD 200,000 one time donation to Grenada
  • Unspoiled exotic scenery ideal for holidays in resorts and beaches in the spice island.
  • Visa free travel to over 120 countries including UK, EU Schengen states, China
  • Lifetime immediate citizenship for family and children
  • E2 visa treaty with the US (cheapest alternative to EB-5 route gets business visa to US no minimums)
  • Confidential application process with no exchange of information with other Governments
  • Direct flights to London, Germany, New York, Miami from St George (capital)
  • Very fast processing approval time within 60 days
  • Citizenship through property ownership USD 300,000 in Grenada real estate
  • No interviews, No language tests, No military service, No business experience
  • Travel to China without visa using Grenada passport
  • Grenada passport valid for 5 years before expiry.
  • Confidential application process through authorized agents appointed by Government.
  • no income, wealth or inheritance taxes.
  • own freehold prime real estate in Grenada
  • Very fast application processing time within 60 days.
  • Life time permanent citizenship passed on to children with one investment

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Grenada

3. Saint Lucia

flag-lucia

  • USD 100,000 one time payment to St Lucia from Jan 3, 2017
  • Life time citizenship with one time payment
  • Visa free travel to visit over 120 countries including UK, EU Schengen states
  • Fast processing within 2 months
  • Lifetime citizenship for family and children
  • Citizenship possible through USD 350,000 property investment or in bonds
  • No physical residence requirements
  • Very fast processing approval time within 60 days
  • Confidential application process through authorized agents appointed by Government.
  • No income, wealth or inheritance taxes.

Request a free quote

Photo credit: https://www.flickr.com/photos/loimere/

Photo credit: https://www.flickr.com/photos/loimere/

4. Antigua and Barbuda

flag-ab

  • USD 200,000 one time payment to Antigua ($50,000 Government fee not included)
  • Lifetime citizenship with one time investment.
  • Fast processing time 2-3 months.
  • No personal visit to Antigua required.
  • Citizenship against USD 400,000 of real estate or  USD 1,500,000 business investment.
  • Passport issued with 5 year validity.
  • Family and children under 26 years can apply for citizenship.
  • Visa free travel to Canada, UK, Ireland, Switzerland, EU schengen over 130 countries.
  • No interviews, business experience or language tests.
  • Passport pickup through agent or at consulate.
  • Maintain dual citizenships with other nations.
  • No wealth, inheritance, foreign income, personal income taxes.

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Photo Credit: https://www.flickr.com/photos/andryn2006/

Photo Credit: https://www.flickr.com/photos/andryn2006/

5. St Kitts and Nevis

flag-skn

  • USD 250,000 one time payment to St Kitts (includes $50,000 Government fees)
  • Visa free travel to European Schengen area including UK, Europe, Switzerland with other 120 countries
  • No residence requirements before or after passport.
  • No interviews, no business experience, no english tests.
  • No income or wealth tax.
  • Citizenship for family members (spouse and children)
  • Lifetime citizenship with one time investment
  • No restrictions on Dual citizenship.
  • Discrete and confidential application process.
  • Citizenship against $400,000 Real Estate property investment.
  • Pass citizenship to descendents and family.
  • No personal visit required.
  • Visa free travel to EU schengen, UK, Ireland, Switzerland, Singapore etc.
  • Passport issued with 3-6 months.
  • Business incentives for investment.
  • Maintain dual citizenship with other nations.

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6. Malta

flag-mt

  •  EUR 900,000 (approx) under Malta individual investor program (MIIP)
  •  No requirement to permanently live in the Country.
  •  No military service.  language tests. No citizenship tests.
  • Application approval within 3-4 months.
  • Maltese passport after 12-15 months after proving genuine link (residency requirement)
  • Permanent lifetime citizenship in the European Union.
  • Family and children can apply under one single application.
  • No taxes in Malta unless you decide to live there for more than 6 months.
  • EU/EEA citizens are eligible to apply.
  • Visa free travel to over 160 countries including Europe, United Kingdom, United States (ESTA).
  • Live, work, study, settle in any EU member states (Germany, Switzerland, France, Denmark etc..)
  • Only wealthy, talented, individuals with excellent references are admitted (high rejection rates)
  • No requirement to live or move to Malta after the citizenship.

Request a free quote

Valletta - Malta capital

Valletta – Malta capital

7. Cyprus

flag-cy

  • EUR 2,000,000 one time investment in real estate, bonds or business.
  • Fast track EU citizenship approved within 3 months.
  • Permanent lifetime EU citizenship with one-time investment.
  • Pleasant climate with mild winters and dry summers.
  • No physical residence requirements.
  • Redeemable real estate investment (no wasting money!)
  • No military service.
  • No cypriot language tests.
  • No restrictions on multiple citizenship (dual).
  • Best choice of investment in real estate (can be sold later)
  • No taxes based on citizenship, unless domiciled based on tax resident status.
  • Mix of investments allowed (real estate, bonds, business etc.)
  • Best education, healthcare and low cost of living.
  • Excellent education and health care system in EU
  • No visa required for travel to UK, EU member states, Canada, Singapore etc. over 160 countries
  • Live, work, study in 35 EU member states (Switzerland, Austria, France, Germany, UK, Sweden etc..)
  • Future children automatically acquire EU citizenship.
  • Political stability and a high standard of living.
  • Low crime rates.
  • Easy application process with high approval rates.
  • Dependents, spouse and children under 28 can be included in one single citizenship application.
  • No requirement to relinquish current nationality (dual citizenship freely allowed)
  • The acquisition of citizenship in Cyprus is not reported to other countries.
  • No restrictions on applicants from any country.

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Cyprus

Flickr: https://www.flickr.com/photos/mamchenkov/

I am listing these three programs below are they are unofficial citizenship by investment programs. It is not officially announced by the their Governments. Yes they are cheap very enticing but i dont trust them.

 

8. Serbia

Serbia

  • EUR 100,000 one time payment to Serbia (donation option) or EUR 250,000 property investment
  • Serbian citizenship by investment (with passport)
  • Fast processing time 2 months.
  • Visa free travel to 138 countries in the world.
  • Free movement in Schengen with Serbian passport.
  • Serbian passport within 90 days after being approved by Government.
  • Citizenship for investors wife and dependent children.
  • Opportunity for real estate investment.

Note: Serbia is currently on the road to EU membership.

Request a free quote

Serbia

9. Comoros

Comoros

  • USD 45,000 one time payment
  • Comoros passport is only good to use for asset protection and identification document.
  •  Visa free travel limited only to 40 countries. No visa free travel to Europe, Canada, UK .
  • Passport issued for 5 years.
  • No taxes. No residence requirements.
  • No visit to Comoros required.

Request a free quote

Comoros

 

10. Austria

flag-at

  • EUR 3,000,000  to EUR 10,000,000 enterprise investment with job creation (unofficial).
  • Best highly valued passport in the world based on reputation.
  • Citizenship at discretion of Government and council of ministers (no guarantees) waiving naturalisation time given to exceptional individuals under economic interest.
  • Visa free travel to 180 countries including to USA, UK, Canada, all EU countries
  • No residence requirements. No tests. No business experience.
  • Live and work anywhere in Europe.
  • Austrian citizenship extended to family members including investors children.
  • Processing time is 15 to 18 months.

Request a free quote

Austria

Lets assume, you have purchased your CIP passport after months of waiting, whats next? How will you use the new passport to get out of your country and visit other countries?

How to get out of your country using the citizenship by investment passport?

If you have dual or multiple passports, which passport to use? The golden rule is “If you are a citizen of a country, you must use that country’s passport to enter and exit that country”. For example, if you are US citizen you must use US passport to enter and exit US. After leaving your country you can use your citizenship by investment passport to travel across other countries (as second passport)

Some countries dont recognize dual citizenships/passports. You must be careful not to reveal your second passport where dual citizenship not permitted. You can freely use your second passport to travel to other countries, once you are outside your home country which forbids dual citizenship.  First, check if your home country accepts dual citizenship. Some countries like China, India, Malaysia, Saudi Arabia, United Arab Emirates etc.. prohibit holding dual/multiple passports.

Dual citizenship not allowed in these countries (latest update)

Andorra

Bahrain

Bangladesh

China,

India,

Indonesia

Iran

Ethiopia

Estonia

Georgia

Kazakhstan

Kuwait,

Libya,

Malaysia,

Nepal

Netherlands

Oman

Qatar,

Paraguay

Taiwan

Singapore

Monaco

Mongolia

Saudi Arabia,

South Africa

United Arab Emirates,

Ukraine

You can use your CIP passport from (Malta, Cyprus,Dominica, Antigua, St Kitts, Grenada, St Lucia ) to enter over 120 countries including EU schengen states or United Kingdom.

Case 1: Dual citizenship OK (allowed)

If you have the same name in both passports (that is, same first name and last name, minor variations are OK), and both countries accept dual citizenship (if you’re not sure, find out here), the basic formula is:

  • Show the airline the passport of the country you’re going to
  • Show immigration the passport for the country you’re in

In step-by-step detail, when flying from A to B and back:

  1. At check-in, show your B passport. This way the airline knows you will be allowed to enter your destination.
  2. At exit immigration, show your A passport. (In countries without exit immigration, like the US, you may need to show A as well at check-in.)
  3. At the gate, show either passport, doesn’t matter.
  4. Fly.
  5. On arrival immigration, show your B passport.

And on the way back from B to A, just reverse the process:

  1. At check-in, show your A passport. This way the airline knows you will be allowed to enter your destination.
  2. At exit immigration, show your B passport.
  3. At the gate, show either passport, doesn’t matter.
  4. Fly.
  5. On arrival immigration, show your A passport.

Pictorial representation for a UK/US dual citizen visiting the US, courtesy @GayotFow: enter image description here

Case 2:  dual citizenship not OK (not allowed)

Things get harder if one or both your countries does not accept dual citizenship, especially if they care enough to look for visas or arrival stamps. The key thing to understand here is that the airline is not a part of immigration. They do not care if you have multiple passports and they are not going to tell immigration if you do, all they want to know if whether you will be allowed in at your destination.

So here’s one way to avoid letting A know you are also a citizen of B:

  1. Book a flight from A to B via a neutral third country C, where you do not need a visa or you already have a visa or permanent residence permit card. (For example, Malaysia does not accept dual citizenship, so dual-citizen Malaysians often travel via Singapore.).
  2. On check-in, show your A passport.
  3. At exit immigration, show your A passport.
  4. Fly to country C.
  5. Connect to your flight to B.
  6. At arrival immigration, show your B passport.

On the way back, though, you will need a short detour:

  1. At check in, show your B passport.
  2. At exit immigration, show your B passport.
  3. Fly to C.
  4. On arrival at C, do not go to transfer, but instead go to immigration, show your A passport and get it stamped. (Leave enough time for this!)
  5. If you need to check-in again, show your A passport.
  6. At C’s exit immigration, show your A passport again and get it stamped again.
  7. Fly to A.
  8. At arrival immigration, show your A passport. This will have a departure stamp from C, neatly hiding that you were actually in B.

Beware that this is not totally foolproof, as a very careful inspection of your stamps will reveal that you were not in C for the whole time, but unless you’re North Korean, it’s unlikely you will be subjected to this level of scrutiny. Some people choose to go through immigration in C on the way out as well, so they get more decoy stamps.

Source: http://travel.stackexchange.com/questions/52100/i-have-two-passports-nationalities-how-do-i-use-them-when-i-travel

If you are interested in applying for any one of the citizenship-by-investment-passports, please contact us for for more information

About the Author

Mr. Balakrishnan is a world’s leading expert in investor citizenship and residency programs around the world. He has assisted very wealthy, talented, high net worth families with global citizenship and residency programs including high end luxury real estate.

Call us +41 71 577 46 23  or visit our website for a free quote with private consultation regarding citizenship programs.

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Balakrishnan Prabhu

Mr. Balakrishnan Prabhu is the founder of Corpocrat magazine. He is also the founder of Best Citizenships (BC), assisting wealthy individuals with with global citizenship and residency programs in Europe. His other interests are Linux, Machine learning, Wordpress, etc. You can contact him here