For US citizens exploring the possibility of obtaining dual citizenship through investment, numerous countries offer Citizenship by Investment (CBI) programs. These programs typically do not require investors to reside within the country, making them a practical choice for those seeking a second passport without relocating. Here’s a comprehensive overview of some notable countries and their CBI programs as of 2024.
Turkey's strategic location in Eurasia and its strong ties with the EU make it an appealing option for investors. The Turkish CBI program requires a minimum investment of $400,000, which can be directed towards real estate, business investments, government bonds, or investment funds. Investments can be withdrawn or properties sold after three years of maintaining citizenship. The process for acquiring Turkish citizenship generally takes about 6 to 8 months.
Several Caribbean countries are renowned for their CBI programs, each offering various investment options:
St. Kitts and Nevis: Investors can choose from a non-refundable contribution of at least $250,000 to the Sustainable Growth Fund, purchasing real estate starting at $400,000, or investing in approved public projects from $250,000. Real estate can be sold after seven years, and the citizenship process takes a minimum of six months.
Grenada: Offers two investment options: a non-refundable contribution of at least $150,000 to the National Transformation Fund, or real estate investments starting at $220,000. Properties can be resold after five years. The citizenship process can be completed in 4 to 6 months.
St. Lucia: Investors can contribute to a state fund starting at $100,000, purchase government bonds for $300,000, buy real estate starting at $200,000, or engage in business investments of at least $1,000,000. Bonds and properties can be resold after five years. The citizenship process takes at least four months.
Antigua and Barbuda: Provides four investment routes including a non-refundable contribution to the National Development Fund starting at $100,000, real estate investments from $200,000 (sellable after five years), contributions to the University of the West Indies Fund starting at $150,000 (for families of six or more), and business investments from $400,000. The citizenship process ranges from 3 to 6 months.
Dominica: Known for one of the most cost-effective CBI options, Dominica requires a state fund contribution of $100,000+ or real estate investment of $200,000+. Properties can be sold after three years. The citizenship acquisition process takes 3 to 6 months.
Vanuatu, located in Oceania, offers citizenship in return for a non-refundable contribution of $130,000+ to the government fund. The process is notably fast, taking only 1 to 2 months to complete.
Egypt’s CBI program requires a minimum investment of $250,000, with no mandatory exams on the Arabic language or Egyptian history, and no residency requirements to maintain the citizenship. The process typically takes about 6 months.
Obtaining a second citizenship through investment not only provides a travel convenience but also offers benefits such as tax optimizations, enhanced global mobility, and increased access to business opportunities. Furthermore, it creates a safety net for investors and their families, allowing for greater security and more options for education and healthcare abroad.
For US citizens considering dual citizenship, these countries provide several options that cater to various investment capacities and personal circumstances. Each program has specific requirements and benefits, making it important for potential applicants to carefully assess which option aligns best with their needs and goals.
Prepared on the information from immigrantinvest.com