But that’s where the inconvenience ends. How to Get US Citizenship by Investment Through E2 Visa . The main reason why we remind our readers about certain residency or citizenship programs is that it’s always possible that such programs may become more expensive, be suspended, or even disappear altogether. It ranks as number 83 out of 198 passports in our passport ranking. If you qualify, you will be able to immigrate to one of these countries. Many countries in the Caribbean realized they needed a lot of money for rebuilding broken infrastructure. (The rules and details change frequently, especially in times of crisis.). But if none of these options are suitable for you, then maybe a second citizenship by investment is the best way for you to renounce your US citizenship and enjoy enormous tax savings. It offers the lifelong benefit of having more options for living, traveling, doing business, investing, and potentially even saving you a fortune in taxes. You’ll find everything you need to know in this article– whether you are looking for the best, the cheapest, a European or a Caribbean citizenship and passport. Today, we have become a global brand offering 10 Citizenship by Investment (CBI) schemes and over 25 Residence by Investment (RBI) schemes running around the world creating a $15 billion dollar industry annually. Investors have a choice between donating to the National Transformation Fund (NTF) or buying real estate. First, the opportunity costs: instead of an investment in a cash-flowing (albeit, overpriced) rental property or a business, your money just sits in the government’s coffers, offering no return. Tax Residency certificate . The Caribbean economic citizenship programs that grant visa-free travel to the European Union for business, work or travel, as well as European citizenship-by investment-programs, make a lot of sense for those disconnected from the rest of the world. Recently, the country made it even cheaper for larger families to qualify for passports. Like Malta and Cyprus, Bulgaria’s citizenship by investment program begins with residency. If you don’t have time to read the full article, here are the most frequently asked questions we get…. If you’ve found yourself asking, “where can I purchase a passport”, you’ve now got a lot more information and plenty of choices. Malta, Cyprus, Greece, Latvia, Spain, Panama and Portugal all have Golden Visas that grant residency and ultimately can confer citizenship… if you meet the country’s naturalization requirements such as learning the local language and history. Page 1 of 2. The European Union is a political and economic union of 27 European states (after discounting the UK) with a single market allowing for the free movement of people, goods, services, and money. This property must be selected from a list of approved real estate provided by the government, and it can be sold after seven years. On top of that, foreign residency also means you’re on the path to naturalization. And US taxpayers living abroad qualify for the Foreign Housing Exclusion. Only once you are clear on why you want a second passport, can you determine how much it is worth to you and decide whether you want to go the investment route. Total Access members can now obtain passports from Saint Lucia, as well as Antigua and Barbuda, for less than anyone else in the world. This can be accomplished through different types of established investment options including real estate, government bonds, establishing a … Grenada’s passport offers visa-free travel to 122 countries. Let’s start with their cheapest option, a donation to their National Economic Fund (NEF). A Golden Visa is not the same as citizenship by investment. But it doesn’t necessarily mean that it is the better passport for you…. A single applicant will spend $109,500 all-in for this second passport route. Also, if a large part of your income comes from investments, you should also consider citizenship by investment, as the FEIE does not apply to investment income. Cyprus is not part of the Schengen Area, but it doesn’t matter. After a 35 year-long history of leading the field of economic citizenships, St. Kitts’ program has earned a stellar reputation. You can expect to receive your passport in just 45 days. A family of four will donate $200,000 to the EDF, plus $12,500 in fees. Presently the Citizenship by Investment industry is estimated to … A family of four will pay $292,500 and hold them for seven years. Sovereign Man: Confidential is our flagship intelligence report service informing you about the best places on Earth to safely protect your life, your liberty and your assets. It ensures that, no matter what, you always have a place to go- to live,work, do business, retire, and in some cases, even seek refuge. It’s without a doubt a fantastic passport. The Maltese citizenship by investment program is one of the most popular in Europe primarily because of the benefits it provides to those who invest in the program, as well as the short timeframe within which you can acquire a passport. You can get more details on Vanuatu’s official citizenship by investment website. That’s still a decrease from the $500,000 bond requirement from before the COVID-19 passport sale. Government, processing and due diligence fees bring the total for a single applicant to $233,500 and for a family of four to $247,500. Vanuatu’s Development Support Program requires an all-in cost of $180,000 for a family of four. Aside from donating to the government fund, the country also offers investments in real estate and local businesses. Depending on the country, the investment amount can vary from just over $100,000 (St Lucia and Dominica) to over $2.5 million (formerly in Cyprus), plus applicable processing and due diligence fees. And to renounce it, you’ll first have to get a second citizenship and passport. We are able to provide these savings because we have negotiated directly with various people in the government and industry to create the lowest price citizenship-by-investment deal. ESPECIALLY now that Caribbean passports are starting to see COVID-19 sales on their second citizenships. In some countries, you don’t even need to actually spend any time in the country to become eligible to apply for a second passport. Citizenship by investment programs (CIP) offer a fast track citizenship to foreign investors against one time economic contribution to the Government, such as buying a property or one time contribution to the Government fund. It offers several ways to obtain a Jordanian passport, but none of them are cheap. Usually, promoters of citizenship-by-investment programs get huge commissions, but we don’t take a penny… instead we pass along 100% of our commission as additional savings to our members. According to Dominica’s official government website, “In order to qualify for citizenship, you must hold authorized real estate for 3 years from the grant[ing] of citizenship. In May 2020, the public debt hit $4 billion. If that’s your main goal, then just as you wouldn’t spend $10,000 on a car insurance policy that covers a $40,000 SUV, it doesn’t make sense to spend $100,000 on a passport designed to safeguard total assets that are worth, say, $500,000. Our intelligence reports cover all four ways to get a second passport & citizenship in detail. Residency by inve… They discovered she had been manufacturing fraudulent visas. Dominica’s real estate citizenship by investment option requires investors to purchase a $200,000 property. At worst, you can get into serious trouble at a border control for using fake documents. It is the newest addition to the CIP programs in the Caribbean region. Instant citizenship is possible when you invest in a government fund, local real estate property, an approved business, or in government bonds. However, any significant inflow of cash brings a risk of money laundering or financial impropriety. We are contract publishers of high quality digital and print media and events’ organiser for prestigious business organisations and trade associations, both in the UK and internationally. Ireland: The country is centered on different services such as life sciences, agribusiness, high tech, … As one of just three Citizenship by Investment Programmes worldwide (and the only one in the Caribbean) that allows its citizens to enter, invest and work in the US via the E-2 Investor visa treaty, Grenada’s CIP is proving increasingly popular with HNWIs, especially from India and China, where there is increased private wealth. Most citizenship by investment countries offer two or more options to purchase a passport. While accepting cryptocurrency is a positive development, and we should applaud the country’s leaders in embracing new technology, there is a drawback that we’ve warned about. These governments usually spend this money on education, healthcare or infrastructure. In return for a $1,000,000 investment into any local real estate, you could get a Turkish passport. Traditionally, there are four ways to obtain a second passport & citizenship: Consider these EASY And Low-Cost Second Passport Options First... Investment is just one of four options to get a second passport and citizenship. This is still a very competitive price tag for EU citizenship and the best value in the EU. Furthermore, in October 2017, Vanuatu made headlines when they were the first citizenship by investment country to accept payment in cryptocurrency. Drastic mitigation strategies below. ) of pocketing the government now offers inexpensive “ COVID-19 bonds! 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