Top 10 Cheapest Countries that offer Citizenship by Investment in 2021

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Asapchikki
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January 22nd, 2021, 10:22 pm

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Citizenship by investment is a means to secure second citizenship and passport in another country by investing in its economy.

This can be accomplished through different types of established investment options including real estate, government bonds, establishing a business, development funds, and more. Some countries have put their citizenship by investment programs to a halt due to the pandemic but the countries mentioned in this article are still accepting the application and are attracting several high net worth individuals from all over the world.

Caribbean countries have captured top spots due to the significant changes they made to their programs, for example, switching to digital processing of applications, Covid discounts, and becoming family-friendly to overcome the pandemic.

Dual citizenship from a small peaceful nation also provides extra peace of mind during times of instability.

Here are the top 10 countries that offer citizenship by investment in 2021.

10. Dominica

If you are seeking global mobility for yourself and your family, tax exemptions, and a beautiful place to live or retire the Dominica passport is surely a fantastic asset to have.

The country offers the cheapest and easiest way to obtain a second citizenship, for a minimum of just $150,000 investment in real estate or government funds you could get yourself and your immediate family second passports, all of these can be achieved in under four months this excludes processing fees, passport application costs, and legal fees.

You do not need to live in Dominica to obtain a Dominica passport, you just need to pay the application fee and make your investment.

The Dominica passport ranks 37th in the world because it offers exciting visa-free travel to more than 130 countries including the Schengen area in Europe.

9. Moldova

Strategically positioned with easy access to Europe, the Middle East, and Asia, The Republic of Moldova is a modern European country with a picturesque, varied landscape and a world-renowned wine industry.

Moldova opened new citizenship by investment program last year, it is one of the cheapest citizenship by investment programs in Eastern Europe, it requires a $130,000 one-time contribution in real estate or bank deposit.

This program has a processing time of three months with at least six months of residency required in the country. Although not a part of the E.U Moldova is in Europe and offers an alternative to the Caribbean passport programs with residency a potentially attractive option and a passport offering visa-free access to 122 countries.

8. Turkey

Turkey citizenship by investment is another program to consider for a second passport, however, because it is a predominantly Muslim country you may have to take time to consider how favorable the country would be for you especially if you’re non-Muslim.

Obtaining a Turkish passport costs a minimum of $250,000 and it would require applicants to invest in real estate, local businesses, venture capitalist funds, or government bonds.

With a Turkish passport, you can access 112 countries visa-free, most of the people who apply for Turkish citizenship through investment programs are from the middle east or Africa.

On the flip side, political turmoil made the Turkish Lira drop significantly in value against the dollar over the past few years meaning that the $250 000 you’re required to invest will go a lot further now. The best part of Turkey is that the cost of living can be as low as $700 a month.

7. Malta

Malta is another country in Europe that can be considered as an E.U citizenship by investment because of the European access attached to the passport.

Unfortunately, it doesn’t come cheap to qualify for Malta citizenship by investment program, you’ll have to pay a minimum of $600,000 spread over donations, investments in real estate, stocks, and bonds.

Malta citizenship program has a very strict due diligence and vetting policy, application refusals are very high they are very careful who they grant citizenship.

The country has a rich Mediterranean culture, yet it is surprisingly well developed, a Maltese passport also guarantees visa-free access to 155 nations across the world.

6. Vanuatu

Vanuatu is an archipelago located about one thousand miles east of Australia. Its economic citizenship makes the cut as one of the top ten best citizenship by investment programs.

continue here: https://cookmuv.com/countries-that-offe ... t-in-2021/

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