Attaining second citizenship or permanent residence status in a foreign country can be a viable tool for diversifying your wealth portfolio and an integral part of your investment strategy. Besides, alternative nationality or residency brings peace of mind and serves as a hedge against possible socio-economic or political turbulences in your home country. In addition, a second passport will definitely enhance your international mobility by granting the right of visa-free travel to the overwhelming majority of the world’s states and give your family access to better healthcare, education, social services, or just lifestyle.
Below, some most sought-after citizenship by investment and immigration programs are reviewed briefly, just to provide you with the general information. If you would like to get detailed information on any investment migration scheme, you can contact Bayat Legal Services’ in-house, high qualified lawyers and immigration specialists right now and book a free consultation by visiting Bayat Group’s website and filling out a simple request form.
ST KITTS AND NEVIS
St Kitts & Nevis boasts the ‘Platinum Standard’ Citizenship by Investment (CBI) Program – the oldest in the world. Foreign investors have the opportunity to become St Kitts & Nevis’ nationals and attain their second passports in exchange of contribution to the economic development of the country, which can be either donated to the special fund or investment in real estate pre-approved by the government.
The limited time offer, which was placed in 2020, soon after the pandemic outbreak, was initially set for 6 months, but it was extended and expired on December 31, 2022. The offer helped families of four applying for the St Kitts & Nevis’ CBI program to obtain second passport for just $150,000 and save up to $45,000. The amount was a regular contribution threshold for a single applicant. The Accelerated Application process can be accomplished in 45-60 days.
Investment of at least $250,000 in the Covid-19 Relief Bonds of St Lucia opens a path to St Lucian citizenship and second passports for the family of five. The amount is fully refundable by the St Lucian government after 5 years, though without accrued interest.
The Covid-19 Relief Bond option is a limited-time offer and was supposed to expire by December 31, 2021. But authorities in St Lucia has decided to prolong it till the end of 2022. The regular Bond investment threshold starts from $500,000, but other investment forms are also available. The minimum contribution requirement for a single applicant starts from $100,000. The second passport from St Lucia can be attained in a period of just 3-4 months, giving visa-free access to around 150 countries across the world, including the EU and the UK
Become Dominican national through the Citizenship by Investment (CBI) program and achieve peace of mind, as a second passport from Dominica will help you and your family to diversify wealth portfolio; secure a future insurance policy against possible turbulence, and ease international travel by accessing visa-free around 150 destinations worldwide. The minimum contribution required under the Fund option is $100,000 for a single applicant, while for a real estate investment option, it stands at $200,000. Successful applicants can get their second passports in about 60 days. The straightforward application process, without residency requirement neither prior nor after the citizenship is granted.
Avail of the unique features of Grenada’s Citizenship by Investment (CBI) program. The only Caribbean country with visa-waiver agreements not only with the EU and the UK but also Russia and China as well, in addition to more than 150 other jurisdictions globally and opportunity to obtain the E-2 Investor visa, which gives the right legally to reside and run a business in the USA. Include a wide range of your family members and attain your Grenadian citizenship and second passports in a period of 3-4 months. The minimum contribution requirement for a single applicant under the Fund option is $150,000, while the investment threshold for a real estate investment stands at $220,000.
ANTIGUA AND BARBUDA
Investors can attain Antigua & Barbuda’s passports through the economic citizenship program by paying in cryptos, and they can choose from a variety of investment options, including a donation to the fund, purchase of a real estate (pre-approved by the government), financing a business or funding the University of West Indies. Each option has a different investment threshold, and the minimum requirement for a single applicant starts from $100,000. Whether for enhancing international travel, optimizing taxes, securing a hedge against possible unrest, or just diversifying the wealth, a second passport from Antigua and Barbuda is a valuable asset and a gamechanger for your future.
The quickest way to obtain a second passport is through Vanuatu’s Citizenship by Investment (CBI) program, the application process to which can be accomplished in 45 days. Applicants do not need to travel to Vanuatu either before or after citizenship is granted. The minimum contribution requirement for a single applicant is $130,000. There are no requirements for passing language tests or having any special experience or education. Vanuatuan passport holders are entitled to access visa-free 130 countries worldwide, including the EU, the UK, Russia, Singapore, etc. The flexible and simple tax regime of this Oceanian nation allures those who want to optimize their taxes to reduce its burden. Investors can include their spouses and children in their CBI applications.
Buying real estate with a value of at least $250,000 in Turkey can lead you to Turkish citizenship. Turkey’s Citizenship by Investment (CBI) program offers other investment forms as well, such as bank deposits, acquisition of bonds and securities, and financing a business. As a new Turkish national, you won’t be obliged to disclose your wealth; you will have the right to include your spouse and children in the CBI application and obtain second passports, which allow visa-free travel to over 110 countries across the globe, for the whole family in a period of 2-3 months. Along with access to premium healthcare and world-class education facilities, as a national of the country at the crossroads of Europe and Asia, you get a chance to drastically improve your family’s lifestyle and create grounds for business development.
USA, EB-5 INVESTOR VISA
If you are dreaming of getting your and your beloved family’s coveted piece of American life, then you should consider the EB-5 Investor Visa program. It is a way of attaining so-called ‘green cards’, residence permits, giving a right to live, study, work and retire anywhere in the USA. The program does not require any sponsorship, specialized skills, experience, or education from the applicants. The investment threshold starts from $800,000, and upon its completion, investors are granted a permanent residence status. After 5 years of permanent residency, investors get a chance to become naturalized US citizens.
CANADA – START-UP VISA
Considering relocation to the country that has always been welcoming immigrants? Canadian Start-Up Visa (SUV) Class is one of the best avenues for getting a permanent residence status in Canada. If you are a qualified entrepreneur targeting innovative endeavors and find links with a designated Canada-based organization, then you should opt for the Start-Up Visa in Canada. It is a path to secure a better lifestyle, access one of the best healthcare and educational facilities in the world for your family, and grounds to expand your business. There are no investment thresholds, and the application process can last up to 18 months.
Seeking an excellent lifestyle, safety, and bright future for your family, then you should consider enrolling in the Portuguese ‘Golden Visa’ program. All you need to do is to buy real estate in Portugal or opt for other investment forms, including financing a business or capital transfers. Investment starts from EUR 280,000, and in exchange, you will get the right to live, work or study anywhere in Portugal and draw a clear path to Portuguese citizenship. Applicants are not required to pass any language test or have a special education degree and managerial experience. Generate ROI (return on investment) by renting out the property and enjoying visa-free travel within the Schengen Area, in addition to access premium healthcare and educational facilities.
ABOUT BAYAT LEGAL SERVICES
Bayat Legal Services (BLS), with a successful back-track of three decades, is a business immigration and economic citizenship services provider, offering various sought-after immigration and relocation streams. The company’s in-house high-qualified lawyers and immigration specialists can guide you through your journey of becoming a global citizen and will help you to achieve peace of mind. Throughout the outstanding thirty years of history, BLS helped thousands of families to reach their objectives of a better lifestyle and a bright, safe, and promising future. Putting clients’ interests on the top of priorities and finding unique solutions to each particular case distinguish BLS on the investment migration market and preserve its immaculate reputation.