The Top Five Most Affordable Second Passports

What is citizenship by investment?

Families can benefit from citizenship by investment programmes by obtaining a second citizenship, which grants them the freedom to relocate abroad and travel freely to a variety of locations. There are laws governing investment migration in more than 100 nations worldwide.

Citizenship through investment is an excellent way to obtain a second passport. By investing in second citizenship, you ensure that you have more options for living, travelling, doing business, investing, and possibly even lowering your tax bill.

While it does provide many advantages, you should carefully consider which citizenship to purchase. One factor to consider is the cost of this endeavour. Many people believe that getting a second passport is only for people with a lot of money. This, however, is not always the case.

While most countries require a significant financial investment, there are some that offer citizenship at a reasonable price. And the best part is that it is legal, safe, simple, and quick.

The top five countries that currently offer the most affordable second passport are:

–Saint Lucia
–Dominica
–Grenada
–St. Kitts and Nevis
–Antigua and Barbuda.

St. Lucia

Many Caribbean nations now sell citizenship by investment due to the devastating effects of the 2017 hurricane season. One of those countries is Saint Lucia.

The world’s most affordable second citizenship by investment programme for single applicants is available in St. Lucia. Donating to the nation’s National Economic Fund is the cheapest way to obtain second citizenship in St. Lucia. For a single applicant, the total cost to obtain citizenship in St. Lucia will be at least $109’600.

You can enter 123 nations, including the Schengen Area and the UK, without a visa if you become a citizen of this nation.

Dominica

The cost of Dominica’s second citizenship programme is enticingly low. Recently, it has been noted that it has accepted clients with a bad reputation, whom other nations won’t cooperate with. Before submitting a passport application in Dominica, take this into account.

To obtain second citizenship in Dominica, one applicant only needs to donate a total of $110,000. Instead, a family of four would donate $200,000 and pay an additional $18,300 in fees.

You must invest at least $200,000 in real estate to qualify for the Dominican Republic’s citizenship by real estate investment option. Nevertheless, government, processing, and due diligence fees will increase this price to $233’500 for each individual applicant. This expense would be $247’500 for a family of four.

You can travel to 122 nations without a visa with a second passport from the Dominican Republic, including the Schengen region, the UK, and Brazil.

Grenada

Grenada only began offering citizenship through investment in 2013. Since then, it has become more well-known for a number of factors. To get the best deal on a passport, you could either donate to the National Transformation Fund (NTF) or purchase real estate.

For Granada’s passport, one applicant would need to donate $150 000 and pay $8 000 in fees. Spending $350,000 on real estate investments plus $70,000 in fees is an alternative. A family of four could secure second citizenship here with a donation of $200,000 and an additional $24,000 in fees.

You could travel to 131 nations, including the Schengen region, the UK, Brazil, and even China, without a visa if you became a citizen of Granada. Under the E-2 investor visa treaty, you would also be permitted to work and reside in the US.

St. Kitts and Nevis

The St. Kitts programme has a solid reputation after 35 years in the field of economic citizenship. There are three ways to become a citizen right now. One way is by making a donation to the Sugar Industry Diversification Fund. The other two are obtained through real estate and contributions to the Sustainable Growth Fund.

A donation of $157’850 will grant you citizenship in St. Kitts and Nevis. A family of four would need to give $207,700. All costs are covered by these prices.

You must invest at least $242’800 as a single applicant if you decide to purchase real estate in order to become a citizen of St. Kitts and Nevis. This cost would be $287’900 for a family of four.

You can travel visa-free to 131 nations by getting a second passport in St. Kitts and Nevis.

Antigua and Barbuda

By making a donation to the National Development Fund, a second passport can be obtained in Antigua and Barbuda for the least amount of money. You could obtain citizenship in Antigua and Barbuda by making a donation of $100,000 and paying additional fees of $32,800 for individuals or $41,200 for a family of four.

With a passport from Antigua and Barbuda, you can travel visa-free to 140 nations, including the European Union, the Schengen Area, the United Kingdom, and Brazil.

Making investments in local real estate and businesses is another way to get a second passport in this nation. The real estate option requires a minimum investment of $200,000 and additional fees of $66,200. If you decide to invest in a business, you would need $1.5 million before fees.

Each nation’s citizenship by investment programme has a unique set of requirements that applicants must meet. For instance, while some programmes demand physicals and evidence of good health, others do not. However, certain conditions apply to all of these programmes:
-Have a spotless criminal history.

-Display the funds’ legitimate source for investment.

-Invest in a product that the government has approved, like a national economic fund, a piece of real estate, or government bonds.

The host government must accept citizenship applications if all conditions are satisfied. On the pages for each programme, you can find the specific requirements.