Are you facing global mobility issues? One way of making yourself more mobile on a worldwide basis is investing in a second citizenship. Citizenship by Investment. Let us show you how to apply for Citizenship by Investment in 2024.
What Is Citizenship by Investment?
Citizenship by Investment is a way to green-light your route to a new nationality. Invest in a country and you receive citizenship in return. Once you have that, you can apply for a passport to ease any global mobility issues with access to a greater number of visa-free countries.
How to Apply for Citizenship by Investment in Countries Offering CBI
The CBI hotspot is, appropriately enough, in the Eastern Caribbean. This is where it all started, with St Kitts and Nevis launching the world’s first Citizenship by Investment in 1984. There are also programmes in Asia, Europe, and Oceania.
Antigua and Barbuda
Antigua and Barbuda gives you the chance to enhance your global mobility. How to apply for Citizenship by Investment in Antigua and Barbuda. To qualify, you need to meet the following requirements:
Be 18 years old or older
Have a blemish-free criminal record
Take a health assessment
Attend a mandatory virtual interview along with dependants aged 16 and above
Spend five days in the country within your first five years of citizenship
There are four investment options:
Make a $100,000 donation to the National Development Fund
Buy a property or invest in approved developments worth at least $200,000
Inject $1,500,000 capital into an approved business
Contribute $150,000 to The University of the West Indies Fund as a family of 6
Your dependants can number brothers in law, children, future spouse, grandparents, parents, siblings, sisters in law, and spouse
One family member is eligible for a one-year, tuition-only scholarship atThe University of the West Indies if you choose the fourth option
Dominica
Invest in Dominica citizenship and you and your dependants can become more globally mobile. To be eligible, you must meet the requirements below:
Be at least 18 years of age
Have no criminal record
Possess good character
Complete a Medical Questionnaire to the satisfaction of a health professional
Schedule a mandatory online interview along with all dependants aged 16 and over
There are two investment options:
Contribute $100,000 to the Economic Diversification Fund
Invest at least $200,000 in government-approved real estate development
Benefits include:
Spend as much or as little as time as you like in Dominica as there is no minimum stay required for investor citizens
You can include qualifying dependants such as your spouse, children or stepchildren up to the age of 30 in full-time study, and parents, grandparents, parents in law, or grandparents in law aged over 65
Grenada
Citizenship by Investment in Grenada rewards you and your dependants with greater freedom of movement. To qualify, you must meet these requirements:
Be 18 or older
Have not received a custodial sentence of more than six months
Be capable of proving the legality of your income
Prove your good health
Set up a mandatory online interview for you and dependants aged 17+
There are two investment options:
Donate $150,000 to the National Transformation Fund
Purchase a $220,000 share in a government-approved real estate development
Benefits include:
No need to relocate to Grenada
You can apply with your spouse, along with dependent children and parents
Malta
Maltese Exceptional Investment Naturalization (MEIN) leads to a passport enabling visa-free travel to more than 180 countries. That is if you meet the conditions below:
Be no less than 18 years old
State your source of funds and wealth
Complete a medical report and questionnaire
Display a clean criminal record
Make a charitable donation of at least €10,000 to an approved philanthropic, cultural, sporting, scientific, animal welfare, or artistic NGO
There are two investment options:
Demonstrate proof of residence in Malta for 12 months and pay €750,000, purchase residential real estate in Malta worth at least €700,000, or rent a residential property in Malta for a minimum of €16,000 per year
Show proof of residence in Malta for 36 months and pay €600,000, buy residential real estate in Malta worth a minimum of €700,000, or rent a residential property in Malta for at least €16,000 per year
Benefits include:
A European base
English as one of two official languages
Relocating to a family-friendly country with a low crime rate
St Kitts and Nevis
With St Kitts and Nevis Citizenship by Investment, you can fast track your global mobility options. Provided you fulfill the following requirements:
Be no less than 18 years old
Have not been denied a citizenship of any other country
Not be a national of Afghanistan, Belarus, Iran, Iraq, North Korea, or Russia
Have been refused a visa to any country to which St Kitts and Nevis citizens have visa-free access
Make an appointment for a mandatory online interview for you and dependants aged 16 and above
There are three main investment options:
Make a $250,000 Sustainable Island State Contribution
Invest $400,000 in the Developer’s Real Estate Investment Option or the same amount in an Approved Private Home (rising from $400,000 for a condominium unit to $800,000 for a family residence)
Contribute $250,000 to an Approved Public Benefit Project
Benefits include:
Help the islands increase local food production, switch to green energy, broaden their economy, embrace sustainability, and recover from the after-effects of the pandemic
Becoming a dual citizen without having to renounce your original citizenship
Avoid having to relocate to the islands unless you want to take advantage of the Caribbean’s celebrated tax residency
Getting your application processed quicker than other Caribbean CBI programmes thanks to a more exclusive price
St Lucia
By choosing a St Lucia Citizenship by Investment option, you can travel more easily. You need to be able to tick off the following requirements:
Be 18 years or older
Clear the island’s due diligence checks including Applicant Interview and Identifying Process for you and dependants aged 16 and above
Commit to paying non-refundable administrative, due diligence, and processing charges
Demonstrate you have the funds to match the minimum investment amounts
Take your pick of three investment options:
Invest $100,000 in the National Economic Fund
Pay $300,000 for National Action Bonds
Purchase a minimum $200,000 share in an approved real estate development
Benefits include:
No need to demonstrate proficiency in English
Maintain your base in your home country if you prefer
Eligible dependants include your spouse, children or stepchildren under 30 fully supported by you, physically or mentally challenged children, parents, or stepchildren of any age, and unmarried siblings under 18
After receiving your Certificate your Registration, you can use your new citizenship to apply for a St Lucia passport
Türkiye
By applying for Türkiye Citizenship by Investment, you move one step closer to landing a passport offering visa-free access to over 110 countries. You must satisfy the following requirements:
Be 18 years or above
Show that your financial commitment to Türkiye is legal
Establish you have a clean criminal record by presenting a Police Clearance Certificate from your home country
Prove that you are of good health and are free from any serious illnesses
Maintain your Turkish investment for no less than three years
Choose from six investment options:
Buy Turkish real estate worth at least $400,000
Arrange a deposit of a minimum $500,000 in a Turkish bank
Purchase real estate or venture capital shares worth at least $500,000 share
Invest a minimum $500,000 in fixed capital in Türkiye
Buy Turkish government bonds worth at least $500,000
Launch a start-up in Türkiye that creates a minimum of 50 jobs for Turkish citizens
Benefits include:
Become eligible to apply for a US E-2 Investor Visa
Claim a Turkish passport in as little as four months
Travel without a visa to over 110 countries, including Japan
Set up in a business with a time zone that is friendly to both European and Middle-Eastern markets
Vanuatu
Vanuatu Citizenship by Investment is a one-way ticket to a passport offering visa-free access to over 90 countries. You need to meet the following requirements:
Be 18 years or above
Provide a Police Clearance Certificate from your country of origin
Supply a medical certificate to show that you are in good health
Include a copy of a bank letter or statement to demonstrate your solvency
Establish the legality of your investment
There is one confirmed investment option:
Donate $130,000 to Vanuatu’s Development Support Program
Benefits include:
Become a tax resident in Vanuatu where there is no personal income tax, capital gains, or withholding tax
Enjoy visa-free access to countries and jurisdictions including Hong Kong, Israel, Palestinian Territory, and Singapore
How Long is Your Citizenship Valid For?
Your citizenship in Antigua and Barbuda, Dominica, Grenada, Malta, St Kitts and Nevis, St Lucia, Türkiye, and Vanuatu is for life. This right extends to your dependants. However, after receiving your passports, you will have to renew them every five years for children under 16 and 10 years for adults.
How to Apply for Citizenship by Investment with Latitude
This is a broad overview of the various Citizenship by Investment programmes that, by the way, you can’t apply directly for. Until we talk to you, we can’t know of your specific situation that will impact which CBI solution is right for you. So, don’t delay and contact Latitude Group today.
How to Apply for Citizenship by Investment in 2024