3 Nirim St, Tel-Aviv, Israel
+972-3-636-1761

9 countries where you can buy a second passport — and what it’ll cost you to secure it

Cyprus

With a minimum $2 million investment, Cyprus is the most expensive “Citizenship by Investment” program on this list.

 

Antigua and Barbuda — $100,000 minimum investment

antigua
The Caribbean island is a hotspot for billionaires and their superyachts during the holiday season.

There are three different avenues for securing citizenship in Antigua and Barbuda:

Each avenue listed above is the cost for a single applicant or a family of up to four. The fifth and any other additional dependents increase the cost of any application by at least $15,000 per person. It is also important to note that additional government processing fees can total $60,000.

  • Total minimum cost for a family of four choosing the most economical option: $160,000 toward the National Development Fund, including fees.

The process is estimated to take between three and four months from the initial submission of the application to receipt of the passport. Antigua allows dual citizenship and does not require you to renounce your previous citizenship. The Antigua passport allows visa-free access to 151 countries and is ranked the 29th strongest passport in the world by the Henley Passport Index.

Dominica — $100,000 minimum investment

Dominica
The Caribbean island nation of Dominica has a mountainous landscape; not to be confused with the Dominican Republic.

There are two different avenues for securing citizenship in Dominica:

Each avenue listed above shows the cost for a single applicant. The cost increases by at least $75,000 for a spouse or family of up to four for the Economic Diversification Fund option or by $35,000 for a spouse or family of up to four for the real-estate option. It is also important to note that additional government processing fees can total $15,000.

  • Total minimum cost for a family of four choosing the most economical option: $190,000 toward the Economic Diversification Fund, including fees.

The process is estimated to take three months from the initial submission of the application to receipt of the passport. Dominica allows dual citizenship and does not require you to renounce your previous citizenshipThe Dominica passport allows visa-free access to 140 countries and is ranked the 38th strongest passport in the world by the Henley Passport Index.

St. Lucia — $100,000 minimum investment

Rodney Bay St Lucia
St. Lucia is yet another small Caribbean island. 

There are four different avenues for securing citizenship in St. Lucia:

Each avenue listed above shows the cost for a single applicant. The cost increases by at least $25,000 per additional dependent and avenue chosen. It is also important to note that additional government processing fees vary between avenues but can surpass $50,000.

  • Total minimum cost for a family of four choosing the most economical option: $207,500 toward the National Economic Fund, including fees.

The process is estimated to take three months from the initial submission of the application to issuance of citizenship. Then, you can apply for a passport, which will take two weeks and can be expedited. St. Lucia allows dual citizenship and does not require you to renounce your previous citizenship. The St. Lucia passport allows visa-free access to 146 countries and is ranked the 33rd strongest passport in the world by the Henley Passport Index.

Moldova — $100,000 minimum investment

Moldova

There is one avenue for securing citizenship in Moldova:

The avenue listed above shows the cost for a single applicant. For a couple, the contribution would be €115,000 ($135,000) and for a family of four the contribution would be €145,000 ($170,000). It is also important to note that additional pre-approval government processing fees can total $15,000 ($17,000). Furthermore, secondary post-approval fees of €35,000 ($41,000) per application will apply.

  • Total minimum cost for a family of four: €195,000 ($229,000) toward the Public Investment Fund, including fees.

The process is estimated to take no more than three months from the initial submission of the application to receipt of the passport. Moldova allows dual citizenship and does not require you to renounce your previous citizenship. The Moldovan passport allows visa-free access to 120 countries and is ranked the 49th strongest passport in the world by the Henley Passport Index.

Grenada — $150,000 minimum investment

Grenada

There are two different avenues for securing citizenship in Grenada:

A $150,000 contribution to the National Transformation Fund covers the cost for a single applicant; a contribution of $200,000 covers the cost for a family of up to four, with each additional dependent incurring a cost of $25,000. A $350,000 real-estate investment covers the cost for a family of up to four members, with each additional dependent incurring a cost of $25,000. It is also important to note that additional government processing fees start at $8,000 and can total $70,000.

  • Total minimum cost for a family of four choosing the most economical option: $222,000 toward the National Transformation Fund, including fees.

The process is estimated to take two months from the initial submission to approval of citizenship. You can then apply for a passport, which is typically issued within days of the request. Grenada allows dual citizenship and does not require you to renounce your previous citizenship. The passport allows visa-free access to 143 countries and is ranked the 35th strongest passport in the world by the Henley Passport Index.

St. Kitts and Nevis — $150,000 minimum investment

Kittian Village, St. Kitts

There are two different avenues for securing citizenship in St. Kitts and Nevis:

A $150,000 contribution to the Sustainable Growth Fund covers the cost for a single applicant; A contribution of $195,000 covers the cost for a family of up to four, with each additional dependent incurring a cost of $10,000. A $200,000 real-estate investment covers the cost for a family, with each member incurring extra processing fees. It is important to note that additional government processing fees start at $7,500 but can surpass $19,500. There is also a post-approval fee for the real-estate track, which varies based on the number of dependents but starts at $35,050.

  • Total minimum cost for a family of four choosing the most economical option: $214,500 toward the Sustainable Growth Fund, including fees.

The process is estimated to take two months from the initial submission of the application to receipt of passport. St. Kitts allows dual citizenship and does not require you to renounce your previous citizenship. The St. Kitts passport allows visa-free access to 156 countries and is ranked the 26th strongest passport in the world by the Henley Passport Index.

Turkey — $250,000 minimum investment

Istanbul Turkey

There are multiple avenues for securing citizenship in Turkey:

Each avenue listed above is the cost for primary applicant, their spouse, and any children under the age of 18.

The process is estimated to take two to three months from the initial submission of the application to receipt of the passport. Turkey allows dual citizenship and does not require you to renounce your previous citizenship. The Turkey passport allows visa-free access to 111 countries and is ranked the 55th strongest passport in the world by the Henley Passport Index.

Malta — $900,000 minimum investment

Valletta, Malta
Maltese citizenship doesn’t just cover a family; it can also be passed on to future generations. 
There is only one avenue for securing citizenship in Malta and it includes three financial requirements:

Each requirement listed above amounts to the cost for a single applicant. Any additional dependents increase the the contribution to the development of Malta by €25,000 ($29,000) per person. It will also increase additional government processing fees. For one person, it is important to note, those fees hover around €100,000 ($117,000).

The Maltese process is different in that it requires applicants to be residents of Malta for a full 12 months before being granted citizenship. The citizenship by investment application process, which can happen simultaneously, takes around eight months. All in all, the process, from submission of application to receipt of passport, takes somewhere between 12 and 18 months. Malta allows dual citizenship and does not require you to renounce your previous citizenship. The Malta passport allows visa-free access to 184 destinations and is ranked the 8th strongest passport in the world by the Henley Passport Index.

Cyprus — $2 million minimum investment

Cyprus
With a minimum $2 million investment, Cyprus is the most expensive “Citizenship by Investment” program on this list. 

There are two requirements for securing citizenship in Cyprus:

Then, in addition to those initial donations, applicants must choose one of the following options:

Each avenue listed above is the cost for a primary applicant and all additional family members.

  • Total minimum cost for a family of four choosing the most economical option: €2.15 million ($2.53 million)

The process is estimated to take six to eight months from the initial submission of the application to receipt of the passport. Cyprus allows dual citizenship and does not require you to renounce your previous citizenship. The Cyrus passport allows visa free access to 174 countries and is ranked the 16th strongest passport in the world by the Henley Passport Index.

https://www.businessinsider.com/second-passport-cost-dual-citizenship-by-investment-caribbean-europe-2020-1