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January 7, 2025 | 01:59 pm
TEMPO.CO, Jakarta - Modern times allow people across the globe to acquire permanent residency in numerous countries. To date, there are plenty of long-term permit programs facilitating people to obtain citizenship in foreign land, including the citizenship by investment (CBI) initiative.
In this article, we’ll take a closer look at the definition of citizenship by investment program and which countries are currently reinforcing it as outlined by the Get Golden Visa and Global Residence Index.
What is citizenship by investment?
Citizenship by investment (CBI) is a program that lets foreigners obtain residency through particular investment in the desired countries. As the name suggests, this program welcomes wealthy individuals and investors alike to enjoy global mobility, providing an appropriate legal framework that stimulates business opportunities.
As a means to enjoy dual citizenships, applicants must place significant investments in real estate, government bonds, or business ventures. According to the Global Residence Index, most countries with citizenship by investment programs typically allow applicants to hold two passports altogether.
Depending on the country, citizenship by investment initiative usually comes with varying benefits, such as business prospects, visa-free travel conveniences, and tax savings possibilities.
Citizenship by Investment Countries
Citing from Get Golden Visa, Dominica and Grenada are among the countries offering citizenship by investment programs, with other nations as follows:
1. Dominica
Foreign clients with a donation or property worth a minimum of $200,000 will gain the benefits of citizenship by investment in Dominica. While this program is eligible for foreigners after two years of residency, the country allows citizens to sell their property ventures on the open market three years after the initial purchase time.
2. Grenada
As the only Caribbean countries that enjoy the US E-2 Visa, Grenada also offers citizenship by investment for a single applicant or families. Aside from the $235,000 donation or a real estate purchase, investors are bound to allocate other expenses like additional due diligence fees and government tariffs.
3. St. Kitts & Nevis
In order to be an eligible applicant for St. Kitts & Nevis citizenship by investment scheme, foreigners have the option to choose to invest $400,000 in government-approved real estate or a minimum of $250,000 in the Sustainable Growth Fund. The process of acquiring citizenship might vary around 4 to 6 months under the Imperial & Legal agent based in the country.
4. Antigua & Barbuda
There are multiple ways to join the citizenship by investment program in Antigua & Barbuda, which includes a National Development Fund donation (minimum $230,000), approved real estate investment (minimum $300,000), approved business enterprise investment (minimum $400,000), and a University of the West Indies Fund donation (minimum $260,000). On the other hand, companies are bound to have bigger-scale investments from $1.5 million.
5. Turkey
As per the Get Golden Visa, Turkey allows foreigners to make at least $500,000 investments in order to gain dual citizenships. Additionally, property ownership also lets the investors and their immediate family above the age of 18 apply for Turkish citizenships.
6. Austria
From €800,000 to €10 million investments, foreigners are eligible to join the citizenship by investment program in Austria. The program encourages wealthy clients to invest in multiple ventures in the country, such as public initiatives and the introduction of science, research, or innovative technology. Prior to the submission, applicants are expected to show 10 years of continuous presence in Austria, including at least five years with permanent resident status.
7. Malta
Malta passport holders can enjoy visa-free travel to 190 countries across the globe. That’s why the country’s CBI program remains an attractive and lucrative venture for investors. Among other investment requirements, Malta mandates foreigners to spend at least €600,000 for their due diligence inquiry.
To those looking for a fresh start in a new country, citizenship by investment programs remain a compelling option that fosters business opportunities for wealthy individuals. If you’re of the age for retirement, check also the best countries to retire in 2025 here.
GET GOLDEN VISA | GLOBAL RESIDENCY INDEX
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