Citizenship-by-investment (CBI) programs are an increasingly popular way of obtaining a second passport or dual citizenship. Many countries now offer CBI programs, which allow foreigners to invest in the country and receive citizenship in return. If you are looking for where to invest, ahead, keep reading to discover the top CBI countries that you can put on your radar.
Dominica
In the latest edition of the CBI Index, the Commonwealth of Dominica has been ranked first. The index measures CBI programs against nine pillars, including certainty of the investment opportunity, ease of application, and family appeal. The Commonwealth country has consistently ranked first, with a perfect score in six of nine categories. Those looking to obtain citizenship by investment can take advantage of the island’s attractive investment climate and affordable minimum outlay.
Despite the popularity of the citizenship-by-investment program, the government of Dominica continues to make it a point to ensure that applicants have impeccable character and impeccable status. The government of Dominica engages the services of a private investigation firm to ensure the validity of all applications. Due diligence is extremely rigorous in Dominica, and only applicants with no criminal records are accepted. Additionally, candidates for Dominican citizenship must be in good health and are free of contagious diseases.
Obtaining Dominican Citizenship is the most affordable option, with an investment of $200,000 or more in approved real estate or a donation of at least $100,000 to a government bond. This investment is more affordable than in many other countries, and it also offers flexibility, with no residency or travel requirements required. Unlike many other citizenship programs, the Dominica citizenship program was established in 1993 and is a popular option for those looking to invest in their own future.
Grenada
There are many benefits to becoming a citizen of Grenada. It is among the most affordable citizenship by investment programs in the world. Grenadian Citizenship grants access to many countries without a visa including the United Arab Emirates. For many people, this is an appealing benefit. And it may even attract family members who wish to live in a low-cost country.
The process to become a citizen of Grenada is not difficult. You must invest $220,000 USD in government-approved real estate, which can be recovered in about three years. The investment requirement is lower than that of other citizenship by investment programs in most countries. Generally, most economic citizenship programs require you to hold the property for longer than three years. But the good news, the Grenadian citizenship program doesn’t require you to hold onto your property for this long.
Another advantage to becoming a citizen of Grenada is its tax structure. While the country’s economy is growing, it has historically been overly dependent on agriculture, and its GDP growth is modest. As a result, Grenada has been afflicted with heavy foreign debt for decades. Around 25% of the country’s budget goes towards paying off its debts. So for this reason, the Grenada citizenship by investment program is its lifeline. Just go ahead to invest and secure your second passport through companies like CTrustGlobal.
Malta
Malta Citizenship by investment has several benefits. And these can be done through donations or by investing in the country’s real estate. For donation, applicants are required to contribute at least €10,000 to the government-approved charitable organization in the country within four months of their principle approval. Applicants can select from among the several qualified philanthropic, artistic, sports, and scientific or cultural NGOs. The government of Malta performs the final citizenship by investment compliance when the applicant submits their post-approval package.
Getting your second passport from the Maltese government enables foreigners to live and work in the country, as well as the rest of the European Union. In addition, Individuals can also access great educational and political opportunities in the West. The passport is one of the strongest in the world, granting a person visa-free access to over 185 countries.
However, acquiring residency in Malta through investment is easy, fast, and hassle-free. But you must invest a minimum of €600,000 to the national investment fund. So whether you want to acquire dual citizenship or just moved to the beautiful Mediterranean island, Malta is a great choice.