Gaining a second citizenship might not be very difficult if you choose to obtain it through an investment. This option is more and more popular nowadays and that is because it is one of the easiest ways of getting another citizenship.
Today we will talk about citizenship by investment and everything you should know about this practice. For many, it can be the solution they needed in order to gain more freedom when it comes to travel. Here is how these investment programs work.
What are the advantages?
CBI is a practice that will grant you the citizenship and passport of a country based on an investment. However, there are certain conditions for the investors. For example, good health and no criminal record are two of the requirements.
For a businessman, a CBI can be a great method, as the new passport can be used to enter the country for business purposes. A visa won’t be needed any longer and he would have no problem when he attempted to enter a country.
When can you get a CBI?
The good thing about second citizenship programs is that they can benefit almost anyone. For example, persons who live in a strict regime. There are many countries where people are the victims of racial or religious persecutions. Civil liberty is an important right and moving to another country can be the solution.
People who live in a warzone can also want to get a second citizenship. Living in constant terror is not a healthy life and no one should go through this. Unfortunately, many people that live in those areas do not have the financial abilities to consider a CBI program, but there are a few business owners who can do it. There are also many programs with require a low investition (as little as $75 000) so there are a bit more accessible.
Countries available for CBI
There are not many nations that come with CBI Programs officially. In fact, there are only eight, but there are many others who are willing to make some changes when it comes to their residency programs.
In Europe there are few countries that will offer CBI programs. The Austria program is the most expensive one in the entire world, and the prices start from €3 million for a donation and €10 million for an investment into an Austrian business.
Cyprus also has a CBI program, and the cost for it has been reduced to €2 million per CBI program back in 2016. Malta also has a CBI program at €1.2 million. However, in this case it is a fully refundable investment, so there are some other benefits.
Europe might be the best choice for a CBI because the EU passport allows you to travel to numerous other countries without a visa. Caribbean also has some Citizenship by Investment Programs, and you should also be able to find some in Central America, although those are not really official.