With the recent cancellation of the Golden Visa in Spain, many investors are exploring other options to obtain citizenship through investment. Fortunately, there are citizenship-by-investment programs in various countries outside the European Union that allow investors and their families to obtain a passport with significant advantages.
This article explores some of the most attractive alternatives for those seeking a new destination with tax benefits, visa-free access to multiple countries, and economic stability.
What is Citizenship by Investment?
Citizenship by investment is a program that allows individuals to obtain a country’s nationality in exchange for an economic contribution. These types of programs exist in several countries and may require investments in real estate, government donations, or the creation of businesses that generate local employment.
Top Citizenship-by-Investment Programs Outside the EU
1. St. Kitts and Nevis
One of the oldest and most reliable citizenship-by-investment programs. It allows you to obtain a passport in approximately 4–6 months with a minimum investment of USD 150,000 in the Sustainable Growth Fund or through the purchase of real estate worth USD 200,000.
2. Antigua and Barbuda
This program offers citizenship with an investment of USD 100,000 through the National Development Fund or with a minimum real estate investment of USD 200,000. Citizens of Antigua and Barbuda can travel visa-free to more than 150 countries.
3. Dominica
One of the most affordable options, with a minimum investment of USD 100,000 as a government contribution or USD 200,000 in real estate. Its passport offers visa-free access to more than 140 countries.
4. Saint Lucia
Investors can obtain citizenship with a contribution of USD 100,000 to the National Economic Fund or through investments in government bonds starting at USD 250,000. Real estate investments are also allowed starting from USD 300,000.
5. Turkey
Turkey offers citizenship by investment to those who purchase real estate for at least USD 400,000 or make a bank deposit of USD 500,000. It is an interesting option due to its strategic location and access to international markets.
6. Vanuatu
This Pacific citizenship program allows you to obtain a passport in under 2 months with an investment of USD 130,000. Vanuatu offers an attractive tax policy with no income or wealth taxes.
Benefits of Choosing Citizenship by Investment
- Global mobility: Visa-free or visa-on-arrival access to numerous countries.
- Tax advantages: Some programs offer exemptions on income and wealth taxes.
- Stability and security: Opportunity to settle in countries with strong economies and high quality of life.
- Fast passport acquisition: Compared to other naturalization processes, investment programs are usually faster.
How to Choose the Best Citizenship-by-Investment Option?
Selecting the best program depends on various factors:
- Budget: Determine how much you are willing to invest.
- Accessibility: Check which countries offer visa-free access to your preferred destinations.
- Requirements: Consider whether the country requires prior residency or stays.
- Tax benefits: Analyze whether the program offers advantages in terms of taxation.
Frequently Asked Questions (FAQs)
1. Can I obtain citizenship by investment without residing in the country?
Yes, many citizenship-by-investment programs do not require prior residence or mandatory stays.
2. Which countries offer the widest visa-free access?
St. Kitts and Nevis, Antigua and Barbuda, and Dominica offer visa-free access to over 140 countries.
3. What happens if I sell my real estate investment after obtaining citizenship?
In some countries, you are required to hold the investment for a minimum period (3–5 years). Selling before that could lead to revocation of citizenship.
4. Can I include my family in the application?
Yes, most programs allow you to include spouses and children, and some even allow parents and siblings.
5. What taxes do I have to pay after obtaining citizenship?
It depends on the country. Some do not impose global income tax, while others may require certain contributions.