Do you know that there are countries that offer citizenship on investment?. It is much easier for people to travel and settle in countries outside of their residence than ever before. However, once you move to another country, you have to find out ways of securing citizenship. As a citizen, people have a number of rights. Such as the right to vote, the right to run for office, work, set up a business, own property, etc. These are fundamental rights of all citizens. However, when you plan to settle in any other country, there are a number of ways you can secure citizenship. In this blog, we’ll explore the countries that offer citizenship by investment.
Citizenship by Investment Program
Citizenship by investment program is one in which anyone can buy property in any foreign country that allows citizenship by investment, of a particular value as given for the official status of a citizen. This policy is especially beneficial for countries that are looking to generate overseas investment in the economy. The benefits of such programs are:
- Security: The second citizenship of a more stable country can allow people a chance to flee the country in case of a politically changing climate in the host country.
- Greater mobility: Some countries’ visas are quite restrictive in allowing citizens to travel to some countries or areas, more than one passport can allow for greater flexibility in this regard.
- More Business Opportunities: This is especially beneficial for people who are looking to expand their business abroad. This could mean catering to a broader client base, having access to business-friendly policies, and an opportunity to diversify.
- Better Job & Education opportunities: Most people who leave their countries, do so to have access to better education facilities and job opportunities. A second passport of a country with state-of-the-art educational facilities will ensure that your generations too will have access to equally good opportunities.
COUNTRIES OFFERING CITIZENSHIP BY INVESTMENT
Turkey is a country that everybody admires for its Islamic history, its present rapid modernization, and tourism. Over the years, it has become a tourist hub, and an avenue for investment, primarily in real estate. Investment is coming in the real estate sector as for many, this means getting immediate immigration.
This is another European country, located on the Mediterranean Sea. For citizenship by investment, applicants need more than USD 3,500,000, while the entire process typically takes around 3 months.
Cyprus’ passport is the second-best passport in the world and has visa-free entry to over 135 countries.
Dominica is a mountainous Caribbean island nation that is also offering citizenship by investment for a value of USD 220,000, whereas the process can take more than 4 months.
This European country allows you to get citizenship at an investment of over USD 1,300,000. The processing time for this is much longer as Malta follows stringent background checks that can take a little over a year.