4 Cheapest citizenships to buy

 

Citizenship by investment is a great way to acquire a second passport. By investing in second citizenship you are making sure that you have more options for living, traveling, doing business, investing and possibly even reducing the paid amount in taxes.

One of the most essential aspects when considering buying second citizenship is the price of this endeavor. While the financial investments are generally quite significant, some countries offer their citizenships at reasonable prices.

Thailand

Thailand's "Elite Visa" membership program provides qualified foreign investors with a "Privilege Entry Visa" that is valid for up to 20 years.

The minimum payment required is an application fee of approximately $19,000.

Dominica

Dominica has been ranked as the TOP program in the CBI industry for several years in a row. This country provides one of the fastest and cheapest routes to obtain citizenship and get a second passport. And residences at Jungle Bay or Secret Bay present a sound opportunity to do so.

A Dominican second passport allows you visa-free travel to 122 countries including the Schengen area, the UK, and Brazil.

A single applicant needs to donate only $110’000 all-in to acquire second citizenship in Dominica. Alternatively, a family of four would spend $200’000 as a donation and an additional $18’300 in fees.

Read more: The most expensive hotel in the world in 2022 ($150,000 per night)

Saint Lucia

After the devastating effects of the 2017 hurricane season, many Caribbean countries offer citizenship by investment on sale. Saint Lucia is one of those countries.

By becoming a citizen of this country, you will have visa-free access to 123 countries, including the Schengen Area and the UK.

St. Lucia offers the cheapest second citizenship by investment for single applicants in the world. The lowest possible investment to get second citizenship in St. Lucia is by donation to their National Economic Fund. You will have to spend at least $109’600 all-in as a single applicant to get a St. Lucia citizenship.

Grenada

By becoming a citizen of Granada you would have visa-free travel access to 131 countries including the Schengen area, the UK, Brazil, and even China. Additionally, you would be able to work and live in the US under the E-2 investor visa treaty.

A single applicant would spend $150’000 on donation plus $8’000 on fees to get Granada’s passport. An alternative would be to spend $350’000 on real estate investment plus $70’000 in fees. For a family of four, a donation of $200’000 and an additional $24’000 spent on fees would ensure second citizenship here.