Exchanging this property for another government-approved property is possible, but you first must hold your initial property for five years. Oman Jersey th A citizenship by investment program was launched in 2013 under regulations and guidelines of Grenada citizenship by Investment Act. Luckily, the US is the rare exception – in most other countries, citizenship comes with no additional tax obligations if you don’t live there. There are ten very good reasons for that. We guide you from start to finish, taking you beyond your citizenship or residency by investment application. 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. Facts and statistics about the Citizenship of Kiribati. Bulgaria’s passport allows visa-free travel to 150 countries, including Australia, several countries in Southeast Asia, Japan, most of South America and Canada… but not the US. But which of the top five Caribbean programmes is best for you? Azerbaijan
Suriname
You often receive the passport in five years or more. They discovered she had been manufacturing fraudulent visas. The Greek program also requires that applicants spend 183 days per year in Greece, for 7 years in order to get a European passport. Recently, the country made it even cheaper for larger families to qualify for passports. Thailand Hong Kong This is largely due to the high standard of living, stable economy and government, as well as the potential for high returns on investments. Investing in real estate can in some cases be more costly and involve more paperwork and bureaucracy. Another option to explore is to obtain residency in a foreign country.
Option 7 Investment of at least €350,000 into an existing Portugal-registered business and create five full-time permanent jobs for a minimum period of three years. Germany Although Grenada’s citizenship by investment program only started in 2013, it has quickly established itself as a serious player in the field. So, if you’re leaning towards Vanuatu’s citizenship program, it’s wise to exchange your fiat currency – rather than cryptocurrency – for their passport. They also generally tend to distrust their governments. Togo
However, only consider this investment option if you really know what you are doing.
Dominica’s passport ranking is 37th in the world, due to the passport offering visa-free travel to over 130 destinations, including Europe’s Schengen Area.
Iceland However, before you renounce your US citizenship, always consider the travel inconveniences of a passport that’s not as high-quality as the American one. Inside we share our most exclusive and lucrative opportunities that are too sensitive to broadcast across the Internet. The Portuguese program only requires applicants to spend 7 days per year in the country, and investors can obtain a European passport after just 5 years. Chad But Turkey isn’t for everybody. Are there any family dependents applying with you? St. Kitts sets the minimum investment in real estate at $200,000 plus an additional $24,050 in government fees for the main applicant, and additional dependents no older than 16. Slovakia
At worst, you can get into serious trouble at a border control for using fake documents. Cameroon
And finally, the Eurozone is another union you need to know about. Bolivia
Guinea-Bissau China During the first year, Malta requires applicants to spend 183 days in the country to develop a genuine connection. Saint Pierre and Miquelon A family of four (with minor children) will contribute $200,000 to the NTF.
Vanuatu’s Development Support Program requires an all-in cost of $180,000 for a family of four.
Myanmar We provide more details about one such option in our free guide: The Four Passports ANYONE Can Obtain (Including a European One).
Bouvet Island
Curacao (The EU countries like Malta, Cyprus and Bulgaria have better passports, but theirs are MUCH more expensive.). So if you are a very high-income earner and want to drastically lower your taxes, citizenship by investment could certainly make financial sense for you.
But, if you’re not careful, you could become liable for more taxes. After a 35 year-long history of leading the field of economic citizenships, St. Kitts’ program has earned a stellar reputation. Zimbabwe. If You Are A High-Income-Earning American... download a free in-depth intelligence report on, allows entrepreneurs to start certain types of businesses, The number of visa-free countries its holders can visit, Citizenship By Investment Comparison Sheet, Purchase A Government-Approved Real Estate Property, Caribbean Citizenship By Investment Programs, European Citizenship By Investment Programs, Click here to learn more about Total Access, Download our Citizenship By Investment Comparison Table. Jamaica Whether you’re parting with a couple hundred thousand or a couple million dollars, you need to know exactly what you’re getting into.
Greece has rivaled Portugal in recent years in terms of the most popular citizenship by investment programs in Europe. 2018. It went public earlier this year, and the stock price has been as high as $10. And some Caribbean countries offering citizenship by investment don’t allow investments in local businesses. The Commonwealth of Dominica’s Citizenship by Investment Programme has been ranked no. Secondly, you must consider the counterparty risk that the government poses – will it stay solvent enough to return your capital after the required hold period is over? Citizenship by investment in Cyprus gives you several investment options… but at €2,150,000 (plus V.A.T), it comes at a heftier price than Malta’s. When combining your two passports, you could unlock many more opportunities for business, work and travel.
We can do this because instead of pocketing the government’s commission, we hand it back to our members. US $200,000 (minimum) Investment in pre-approved real estate projects. In 2018, after lack of any substantial interest, Turkey cut the investment minimum from $1,000,000 to just $250,000. Citizenship by investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport. Religion More than 80% of the population are Roman Catholic and religious festivals and gatherings are frequent and popular. But compared to other options, a donation to a government fund is often the best and the simplest way to obtain a cheaper passport. Cayman Islands North Korea Global citizenship means investing in your future. Finally, consider military service obligations that come with a new citizenship. Thankfully, that fee was just reduced to $500. The “best” citizenship-by-investment option for you will depend on a number of subjective factors: your budget, if you’re OK with parting with a donation, or whether you’ll want an option that offers a possible return on your investment. The requirements include a due diligence check and a clean health record, along with donating to one of the following investment paths: St Lucia National Economic Fund, government bonds, real estate projects, or investment in enterprises.
As with other Caribbean passport-by-investment programs, both processing and due diligence fees apply to any type of investment.
Georgia 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.
New Zealand
Ecuador British Virgin Islands Aruba For individuals with substantial assets, however, citizenship-by-investment programs offer an easy shortcut to obtain a second passport. ), Benefits of Instant Citizenship By Investment, Benefit #1: No disruptions to your normal lifeBenefit #2: The opportunity to move your entire family to a gorgeous location. New Caledonia In exchange for a $100,000 donation (with another $37,500 in fees for individual applicants and $45,000 for a family of four), you get a second passport good for visa-free travel to 129 countries, including the EU’s Schengen area, the United Kingdom and Brazil.
Residents must hold a residency permit for five years in order to be granted citizenship.
You can get European residency in a country that can eventually lead to European citizenship. These bonds don’t pay any interest and are expensive – $500,000 for a family of four (and $567,000 in all-in costs). A Cypriot passport grants visa-free access to 152 countries and ranks as number 82 out of 198 passports in our passport ranking. French Southern Territories After we include all applicable government fees, then the entire cost for a family of six (with kids younger than 12) should come in at around $165,000. Anguilla Gibraltar Sovereign Man is now the cheapest provider of citizenship-by-investment passports in the world.
American Samoa A family of four will now spend, thanks to the pandemic passport sale, $167,500 all-in (down about $40,000), making St. Lucia’s program much more competitive with Antigua and Barbuda’s for families (which charges about $145,000 for a family of four).
Does "More Visa-Free Countries" Equal "Better Passport"? It ranks as number 82 out of 198 passports in our passport ranking. St. Kitts & Nevis’ official citizenship by investment website. Albania Vatican Cook Islands Download our Citizenship By Investment Comparison Table to see at a glance which options are best for you…. North Korea Definition: This entry provides information related to the acquisition and exercise of citizenship; it includes four subfields: citizenship by birth describes the acquisition of citizenship based on place of birth, known as Jus soli, regardless of the citizenship of parents. Uruguay You can choose to work with a world-famous service provider and pay tens of thousands of dollars in fees, or with a much smaller firm and pay a fraction of that amount.