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.