The modern world we live in is full of opportunities that not a lot of people know about. There are hidden chances at prosperity and things to try your luck in all over, but you have to know where to look. All it takes is some simple research and you can potentially change your life forever. Speaking of changing one’s life, it can hardly come in a bigger way than obtaining another citizenship. Becoming a citizen of a country that is not your own is an amazing thing because you take a huge leap towards being a world citizen who has more than one place to call home.
However, this is easier said than done. Obtaining citizenship often comes as a challenge through conventional means. You have to spend a lot of time and energy before you are even eligible to get it yourself. Citizenships through marriage are the most common, but you need a partner for that and love does not care about borders and nationalities. Who knows where the person you fall for will be from and whether you will want to live in their home country? Getting a job abroad and finalizing all the papers is easy, but people still have to work for years until they can get full citizenship and be considered as citizens. So what can you do?
Citizenship by Investment
Did you know that you can effectively pay for a citizenship in a certain country and become a full-time citizen there? Well, you can in a way through something known as citizenship investment program. This is a novelty method of obtaining a citizenship of a foreign country by investing in certain industries that that its government approves.
It is a very exciting and prosperous thing to do if you have the means, but due diligence is necessary as well as a lot of hard work and dedication. In this article we talk more about these programs, particularly about the most important things you need to know. If you are interested in this, keep reading and for more information be sure to check out https://imperiallegal.com/citizenship-by-investment/.
Where You Can Do It
These programs are not available in every country of course. As a matter of fact, only a handful of governments allow foreigners to obtain citizenship by helping their economy through investments.
The countries that currently have citizenship by investment programs include Antigua and Barbuda, Austria, Dominica, Grenada, Jordan, Malta, Montenegro, North Macedonia, St. Kitts and Nevis, St. Lucia, and Turkey. That is it really, which means that your choices are very, very limited. However, this hardly means the programs are bad. On the contrary, there are some truly amazing opportunities in all of these beautiful and diverse countries.
How Much You Need to Invest
The amount of money that needs to be invested before somebody can get citizenship through such a program differs greatly between these countries. Starting with Antigua and Barbuda, options start from USD 100,000 which makes the country one of the most competitive for this program. On the other hand, Austria, as the most economically powerful on the list, requires a minimum of investment of 3 million euros in order for a foreigner to obtain citizenship through investment. This is a lot of money and it eliminates most people on the planet from ever doing it.
Dominica and St. Lucia, like their fellow Caribbean neighbors Antigua and Barbuda, have programs that star at US $100,000. Grenada starts their programs at USD 150,000, while Jordan is the second-most expensive at three quarters of a million US dollars, 750,000. In Malta, the programs start at 738,000 euros for a three-year residence period. Two Balkan countries, Montenegro and North Macedonia, have their starter options set at 350,000 euros and 200,000 euros, respectively. Interestingly, 100,000 of what you pay in Montenegro is actually a donation to the country.
While the other three Caribbean countries start at 100,000, their neighbors in St. Kitts and Nevis are a bit more expensive at USD 150,000. Last but not least, the country that spans two continents, Turkey, is unique because you could have residence on three continents, provided that you are not from Europe or Asia. Their investment requirements start at USD 250,000 which makes them quite competitive when you think about the location and the status of the country.
Why People Do It
Another thing worth knowing is why this should even be an option for you. First of all, it is the most efficient path. Obtaining a second passport like this not only gets you the citizenship, but a business and means to prosper. If somebody is already a businessman, this is just another investment but with a very useful perk of becoming a dual citizen. Second of all, your life can only get better because of it.
Since the process is easy and the citizenship lasts a lifetime, you get to reap the benefits for years to come. Your whole lifestyle gets better as you get another home half wat across the globe. Lastly, it is all made to be clear and transparent without any money or time risks. Programs are developed to help both the country and the investor who is soon to be citizen. Investing in more than just a business is a sure ticket to a more prosperous life.
You Can Do More Than One
Obviously, if you are both lucky and successful enough, you can do two such programs, or even more. For example, the Caribbean countries that allow this are also the most affordable. As a businessman who knows what they are doing, you can invest USD 100,000 in three separate countries and have three more citizenships.
You could pick St. Lucia in the Caribbean and have a retreat home there, and North Macedonia to have a place to stay in the Balkans. Strategizing like this is the easiest if you pick real-estate as your go-to investments where you can. If you are smart about it, and a bit lucky, you could take care of your holidays until the rest of your life since you will always have somewhere private to go.