For easy access to the public services offered by a country, such as education, health care, and infrastructural development citizenship plays an important role. Citizenship provides entitlement to the rights of a given nation, but also requires allegiance to laws of that nation. Citizenship also plays an important role in the prospects of an individual in the international context. Citizens of some countries are known to have better access to the world resources than others. The usual process of acquiring a citizenship includes citizenship by birth, citizenship of the parents passed onto the child, citizenship by marriage or citizenship by naturalization which through which individuals can acquire the citizenship of a country by residing and working within it over a prolonged time period. Citizenship of a country also provides an individual with a passport which in turn becomes the keystone for any transborder travel.
While citizenship of a particular nation avails an individual of a certain set of privileges, at the same time, it deprives them of others, depending on the nation’s international prowess and influence. Therefore, often to overcome the limitations, more and more individuals are finding the prospect of a second citizenship highly compelling and helpful for enhancing personal and professional growth.
The Malta Individual Investor Programme (Malta IIP) is the best choice for high net-worth individuals who wish to obtain full EU residency & citizenship.Read more
The Cyprus Investment Programme provides a cost efficient 6-month processing period for this route to EU citizenship without membership in the Schengen Area.Read more
The Austrian passport offers very visa-free or visa-on-arrival travel, including visa-free access to the USA. It is without a doubt among the most powerful travel documents in the world.Read more
St Kitts & Nevis
The St Kitts and Nevis Citizenship by Investment Programme was introduced in 1984 and is the oldest, most trusted and most successful active programme of its kind.Read more
Why Pursue A Second Citizenship By Investment?
The benefits of a second citizenship are plentiful. We’ll begin with the obvious: you get the chance to own a second home somewhere truly amazing, and enjoy everything that location has to offer from culture, climate and cuisine, to opportunities in both education and employment. Additionally, if you own your own business, you’ll be able to take advantage of a wider range of business opportunities.
One vital point that many people overlook is how important such schemes are in the pursuit of personal liberty. This may or may not be your personal situation, but the good they do in that regard is immeasurable. There can be instances of political instability, military conflict or environmental reasons driving people to relocate elsewhere, to give but a few examples. People with high wages and capital also often simply want to move to pursue different lifestyles away from their country of origin.
A second citizenship also means you get to enjoy all this without having to give up your original citizenship, meaning you don’t have to compromise on all of those benefits, nor that part of your identity. It also reflects the changing times, as the world becomes more and more globalised, so have our lives and businesses. International travel has become more important, for everything from pleasure to business, particularly when it comes to creation and preserving wealth. Of course, there is a lot of leeway in terms of how countries permit entry into their territory and how they deal with citizenship. However, there are plenty of options out there for people looking into such applications.
One of the key things which separates passports and helps facilitate these kinds of rankings are visa policies – in other words, which countries your passport gives you access to and what kind of access it entails. Generally speaking, passports with higher rankings have the advantage of greater access over lower ranking passports.
Of course, the globalised economy often results in stakeholders and other high networks people need to maintain bases in more than a single country, meaning the business benefits of such schemes are enormous. Therefore, a high ranking passport is a very important part of getting the maximum out of your dual citizenship.
Global mobility is one of the most relevant driving forces in today’s fast transforming socio-political climate. The world has largely transcended geographical barriers and accessibility to almost every corner of the world has improved greatly. In that regard, there is a high demand for international travel, be it for business or recreational purposes. Almost everyone faces the need to travel across borders since financial, diplomatic, academic and lifestyle opportunities have become largely cosmopolitan in nature. Despite the visible progress in this field, administrative regulations on trans-national travel continue to limit the scope of global mobility. As a result, the prospect of visa-free travel is becoming extraordinarily appealing, and in that context, a passport with a robust global index has emerged as a highly coveted and valued possession. Moreover, a judicious choice of country for a second citizenship can enable the applicants to optimize their tax payments while at the same time gaining a second home for their family. Educational opportunities are also likely to be enhanced by obtaining a second citizenship.
Second citizenship by investment in most cases goes a long way in expanding an individual’s business by granting the individual access to different markets and resources. In recent times, several countries have opened the doors for citizenship to non-natives through unique citizenship by investment programs. It has emerged as a very opportune method of acquiring citizenship and consequently, the passport of a particular country by financially investing in that country.
What is Citizenship by Investment?
In the contemporary context, reaping the benefits of a powerful passport is a considerable asset for personal and professional development. This is primarily because, as both communication technology and our access to information generally advances, individuals also have more international needs in both their leisure and business pursuits. This could be with the aim of advancing and growing professional opportunities, getting the education they want for them and their loved ones, alongside the personal fulfilment that comes with travel and access to a wider variety of lifestyles. Vitally, it means that people aren’t hindered by political boundaries just as much as it prevents them from being bound by emotional restrictions. To put it simply, a high ranking passport allows people to expand their horizons in a wide variety of ways, especially if it is high ranking, as it comes with the ability to travel to many different places either without a visa or with a visa on arrival. Truly, there are few more precious items in this world.
When it comes to methods through which you can acquire citizenship, few are as straightforward, or as popular, as the several citizenship by investment programs which are available. And the number of countries that are participating in these types of schemes is growing all of the time, allowing people from all corners of the world to travel and live freely, regardless of their initial passport status. This idea has attracted everyone from retired professionals and businessmen to those who simply love to travel. Of course, these benefits are granted in return for a certain amount of investment, the specifics of which depend on the country. However, the value that applicants get in return is immense, hence the popularity of these schemes.
One of the key things to remember is that citizenship by investment is exactly that: it’s acquired through investment, meaning that the advantages can be financial in terms of the actual cost of the process alongside any other business or employment advantages. On top of all this is the cultural experiences that cannot be properly quantified, and are essentially endless in their scope. It’s a program that is mutually beneficial, both to the person applying and to the country that is receiving investment. Considering this win-win situation then, it should be little surprise that more and more are signing up across both sides. All of this comes under citizenship planning.
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Citizenship by Investment Countries
There are several countries which offer a second citizenship by investment and dual citizenship, and the number continues to increase with the popularity of the concept of the program. There are also numerous other countries which offer alternative routes to acquiring a citizenship vis-a-vis residency and Golden Visa programs. The citizenship by investment program lays down a straight-forward and hassle-free roadmap and therefore is the most sought after route for acquiring another citizenship. Under this provision, applicants can avoid sustained periods of stay in a country that is typically required under the terms of the residency programs. Instead, the citizenship by investment accords a faster process of lawfully acquiring a citizenship without disrupting an individual’s life in the country of origin. Many of the citizenship by investment countries are located in close proximity of Europe or are members of the EU. This can extensively broaden the advantages since acquiring a citizenship of any one of the countries will automatically translate into a citizenship by investment in Europe. Statistically, however, Malta and Cyprus have been the leading names in the list of countries facilitating investment migration.
Located strategically between Sicily and the North African coast in the Mediterranean Sea, the country of Malta is a beautiful archipelago known for its pleasant weather and mesmerizing landscapes. Malta is not only a highly sought after tourist destination but also an ideal place to stay, flourish and retire because of its booming economy and efficient governance. As part of the European Union since just after the turn of the millenium, Malta has emerged as a prominent location for citizenship by investment. The Maltese citizenship is one of the most beneficial citizenships to possess due to several perks including a passport ranked by the passport index as fourth worldwide.
It enables travel across 124 nations without the need for a visa, alongside 41 other countries that operate on a visa on arrival basis. With an advanced infrastructural framework and a stable political climate, Malta enjoys cordial relations with most nations in the world and accordingly has enormous global connectivity, through air and sea links. By virtue of its association with numerous important international organisations like the United Nations, European Union etc., the perception of Malta worldwide has improved significantly, which in turn has boosted its global ranking. Further, the eligibility requirements for Maltese citizenship are fairly straightforward and the processing time is not more than 3-4 months. However, strict due diligence is conducted to ensure only deserving candidates are granted this highly valuable citizenship by investment in Europe.
There are numerous advantages that come with a Maltese citizenship, meaning its popularity should be no surprise. It includes:
- The ability to travel across 124 countries without any visa restrictions or requirements, and access to another 41 with visa on arrival, including the United States.
- A lifelong EU citizenship as well as Malta citizenship which allows you to work, live, and operate from 28 European countries, alongside Switzerland.
- All of this does not even require the applicant to reside permanently in Malta. There is also no requirement in terms of language tests, no need to enlist in military service, nor is there any other kind of compulsory citizenship testing.
- The ability to include entire families as dependents through a single application, including both spouses and children. Further children can also gain citizenship through descendancy from the main applicant.
- No need to pay taxes for up to six months, and after that point, they are utilised on a remittance basis.
- Access to Malta’s amazing transportation links and excellent location providing easy access to much of the world.
- Citizenship in a country that can boast both political and economic strength and stability.
- No need to give up other citizenships, with the potential to get approval within months and get the entire process completed, meaning full citizenship, within a year.
Another delightful Mediterranean island,Cyprus is somewhere that you probably know is incredibly beautiful. If you’ve ever visited, or even seen Cyprus in pictures, its scenic beauty can’t be justified in words. When you think of Cyprus, the images that come to mind are likely to be crisp sands, clear waters and astonishing examples of nature. For those who love the outdoors, whether to explore or relax, there’s nowhere else quite like it. That said, there’s far greater depth to Cyprus than just that. This is a location brimming with culture, history and individuality. If you’re someone that likes to expand their horizons by getting involved in different cultures, learning new things and having new experiences, then this is a perfect place for you.
It’s also somewhere that has the stability to allow you to settle down, thanks to a political climate that is as calm as the ocean view and an economy which has been going from strength to strength. It should be little surprise that it is seen as such an opportunity for investors, from the obvious industries like tourism, but also much more thanks to tax and immigration policies which make it a logical place to set up many different businesses ventures. It’s also prosperous when it comes to education, having been rated fifth in the world: an accolade it also shared in the Frank Knight Global Lifestyle Review for the best countries for relocation generally.
Of course, the benefits of this citizenship do not end in Cyprus. Although, an excellent, free market economy, great schools, top quality healthcare and huge business and investment opportunities certainly don’t hurt. We are, of course, talking about the qualities of the passport which increased visa free travel to 122 countries and visa on arrival travel to a further 39 others. This is thanks to Cyprus being a member state of the EU, allowing its citizens all the benefits which come with that membership, including the ability to work, learn, travel and prosper across its member states. The opportunities this provides, both educationally and professionally, are beyond measure, and alongside all of this, the Cyprus Citizenship scheme is one of the fastest options of its kind, and one of the speediest ways of acquiring EU citizenship by investment with relatively fundamental eligibility requirements. Following are some of the benefits of a Cypriot citizenship:
- The Cyprus citizenship application follows a fast-track procedure with the approval of citizenship application occurring within approximately six months
- Visa-free travel to 122 countries and the provision of visa on arrival in 39 countries
- Cyprus accords the candidates a chance to simultaneously submit the residency and citizenship applications
- No language requirements are to be met to be eligible
- The main applicant can include his/her parents, provided they qualify on the grounds of owning a house valued at €500,000 + VAT or a €500,000 share in the main applicant’s residential property
- Individuals in civil unions eligible to submit applications
- The candidates are under no obligation to forgo their current nationality
- Cyprus offers low tax rates and free trade opportunities within the EU
- Cypriot citizens have an unrestricted right to live, work and study anywhere in Europe
- Cypriot citizens may rightfully own a property or another kind of establishment in other member nations of the EU
- Strategically located in the Mediterranean Sea at the intersection of Europe, North Africa and the Middle East
- Among the most secure and safest countries in the world across those with a population lower than five million
- Superior education system and health care facilities
- A beautiful country, blessed with natural splendors and an agreeable climate all around the year
Antigua and Barbuda
A picturesque Caribbean island, Antigua and Barbuda had been a British colony for a very long time. However, since its independence, it has established itself as one of the key global political stakeholders of the world with prestigious memberships of the United Nations and the British Commonwealth among others. The tourism industry is flourishing with tourists flocking all around the year to witness its spectacular cliffs, cotton fields and soak up the pleasant weather. Antigua and Barbuda has a very powerful passport enabling visa-free travel to 150 destinations including the UK and the Schengen Area. The eligibility requirements are fairly simple and involve investments towards the National Development Fund, a purchase of a real estate asset and an investment in a business enterprise. So the question arises which citizenship is better, St. Kitts & Nevis versus Antigua & Barbuda Citizenship.
St Kitts and Nevis
Another mesmerizing Carribean island, St. Kitts and Nevis is every bit as gorgeous as that initial description suggests. All those typical images that run through your head when you think of a paradise Carribean island, including the smooth waters, golden sands and jaw-dropping mountains, are all very much here and are even more spectacular in the flesh than you could ever have hoped. This is something you probably already know about St. Kitts and Nevis, which is is among the oldest countries that is part of the European Union citizenship by investment programs in Carribean. This means that the application process is as easy and as uncomplicated as you are likely to find anywhere.
It also means that the results this yields are tried and tested, and reliable. The requirements are straightforward. You simply need to invest between $200,000 and $400,000 in a government approved real estate development. Alternatively, you can contribute to the Sugar Industry Diversification Foundation (SIDF)/ This is alongside the option to contribute a non-refundable amount to the Sustainable Growth Fund which helps the future prospects of the country. It is vital to note that the benefits of this scheme are not only life long, but also can apply to the primary applicant’s dependants as well. Of course, all of this means unrestricted travel, either via visa free access or the granting of visa on arrival, to 152 countries across all of the members of the European Union.
Grenada and Dominica are other popular countries that offer EU citizenship by investment.
The second citizenship by investment trend has recorded tremendous traction in recent years due to the wide range of benefits it confers upon the applicants. The reasons behind applying to such schemes may be plenty, among which greater global connectivity, alliance with strategic international organisations, lifestyle and business upgrade are prominent.
Trust in the Citizenships.com experts to guide you on your exciting new adventure to discover the ideal second passport to suit your needs and lifestyle goals.