The effects of globalization have meant that people are moving out of their countries more than ever before. For some, it’s for employment reasons; for others, to enjoy the delights of seeing other parts of the world and finally many people are seeking a second home so that they can choose where they spend their time and use their wealth without any restrictions.
Different Countries are offering Citizenship through Investment program which allows an applicant to gain the citizenship of country by investing in form of Donation or Real Estate Investment specific amount which help in forwarding country economic, infrastructural and development initiatives. Currently, the cheapest citizenship by investment program is offered by the Common Wealth of Dominica with investment of $100,000 for an individual applicant.
Of course, there are always some formalities, but the Second Citizenship by Investment program makes owning two passports quite straightforward and in a matter of a few months the second passport is issued and you can enjoy the rights and freedom of living in two countries.
Some key reasons you may wish to live permanently or have access to another country:
In a nutshell owning a second citizenship or second passport gives you a new found freedom that you only dreamt about but can now become a reality. Some passport holders may not be welcome in other countries and find it difficult to get a visa for a holiday let alone employment. The countries that fall under the Citizenship by Investment Program all offer passports that are easily acceptable by other countries. Once you have dual citizenship it makes you feel like a true world citizen.
Many people complain about paying scandalously high taxes of with very little in return. Having dual citizenship gives you more choice in the way you manage your money. You can avoid the high price of owning wealth by shifting your money between your dual citizenship countries with no questions asked. This means you can avoid the burden of paying too much tax. If you operate a business in your country of origin taking up a 2nd citizenship means you could expand to your second country and you will be welcomed with open arms.
It’s not a difficult process once you have chosen your preferred country but CtrustGlobal is authorized by most countries that offer the Citizenship by Investment program to submit an application on your behalf. Their experienced advisers offer advice about the best 2nd country for you. They are able to help you gain a second passport for the following countries:
(Cyprus and Malta Suspended their Citizenship programs in late 2020)
List of Countries Permanent Residency with Investment:
Once you have selected a country you will need to choose which investment option suits you the best.
Most countries offer two choices – either:
Citizenship from the Caribbean islands gaining popularity among high net individuals due to the enormous benefits offered by Caribbean citizenship
Apart from pleasant weather and its natural beauty, Caribbean citizenship offers perks like freedom of movement and a minimal taxation system.
Caribbean passport holders can enjoy visa-free or visa on arrival access to more than 110 countries, including the whole European Union, Schengen Area, and business hubs such as the United Kingdom, Singapore, and Hong Kong.
Caribbean island nationals also enjoy easy access to US and Canada long-term visas.
Rich people are attracted to Caribbean islands for their no inheritance tax and global income tax factor.
Obtaining second citizenship through Caribbean citizenship by investment programs is fast and hassle-free.
The information about your dual citizenship is kept highly confidential and secret. Caribbean islands don't share any information with any third parties.
Comparison Between Different Citizenship by Investment Programs
St Kitts Citizenship is the fastest citizenship program due to the 60-day accelerated program, however, it required an additional contribution of $25,000 for the main applicant and $20,000 for dependent age above 16 years.
Antigua Citizenship program has the requirement of 5 days stay on the island within the first five years, failed to do so your citizenship will be revoked.
The Caribbean Islands of St.Lucia, Dominica, Grenada and Antigua & Barbuda process Citizenship/Passport by Investment requests within 6 months of receiving an application. They offer both investment options and you don’t need to be a resident to be eligible.
Also, there are many countries you can enter visa free with these passports. Dominica has visa free access to more than hundred countries, St. Kitts, 132 and Grenada 110. The cheapest country to enter is Dominica which works out at around $200,000 for a family group of 4 including 2 under the age of 18 years.
Dual Citizenship also known as dual nationality allows an individual to be a citizen of two or more countries simultaneously and enjoy the rights and benefits offered by these countries. Attained in various ways, dual citizenship can provide you numerous benefits:
Before countries like the Dominican Republic used to offer dual citizenship program without residency requirements like Dominica. They closed due to many reasons (Don’t worry, they continue to honor the passports they already sold)
A second passport is insurance for freedom of life, wealth, assets and travel. It’s better to be insured before an opportunity fly.
Being prepared is a wise step for the future, especially when one can afford.
A second passport is the best protection for your life, your money and your freedom. Most people obtain a second passport for the very simplest of reasons: peace of mind.
By acquiring a second passport, you become a multinational sovereign individual with unbeatable financial privacy.
Most if not all civilized countries recognize dual nationality. Having Dual Citizenship promotes an understanding of and connections to the world; therefore benefiting all countries both politically and economically.
Obtaining a second passport is essential to the overall economic process. The ties to an individual’s country enable him to promote his home country’s goods and services abroad. Not only can a second passport offer more economic liberty and financial success, but it can serve as a key to reducing taxes and protecting one’s assets.
Obtaining a second passport provide you legal right to live and work in the other country as a citizen.