This video is closed-captioned. Citizenship offers many benefits depending
on the country you live in or hope to live in. Citizenship can protect you and
your family from deportation, allow freedom to travel, eligibility for specific jobs,
and even the ability to vote. Many think of the long, arduous process
of living in a country for years, passing tests, in-person interviews, and jumping
through several complicated hoops. But there's a way to fast-track all
that - citizenship by investment. These programs allow individuals to gain citizenship at a faster
rate after making a qualifying investment. The required amounts or types of investments
vary by country, but if you have the funds available, it is a fantastic way to permanently
make your transition to another country. Join us as we walk you through the ten cheapest
countries you can buy your way into today. Number ten. Russia.
Russia has been making headlines recently, having declared war on Ukraine. This might make it an
unlikely candidate for dual-citizenship, but hear us out. Russia is powerful and
rich enough to support a war, even with numerous sanctions levied against it.
Russia tends to be more lenient with taxes and offshore policies, making it attractive
for those with the wealth they'd prefer to keep dispersed with fewer tax implications. While this
might be a turn-off for many, savvy investors can take advantage of these lax policies.
Russia tends to favor foreigners who bring money into their country. The investment
requirement for citizenship in Russia is relatively straightforward. Create,
or invest in a Russian company that creates at least ten jobs for citizens. The required amount?
Ten million rubles. That's about 165,000 US Dollars, given that inflation and war
are devaluing most currencies worldwide. And if you have a bit more money to throw
around and want to avoid business ventures, you can spend 30 million rubles on a real
estate purchase. That's just shy of half a million US dollars - no small sum. But if you
already live in an expensive housing market, where 1,000 square-foot homes regularly sell
for more than a million dollars, this might still be an acceptable amount to spend.
Number nine. Turkey. Turkey offers an enviable climate,
fantastic architecture, and a diverse population. Situated on the Mediterranean Sea, it's steeped
in history and provides an exciting mix of Eastern and Western cultures. It's a stunning
country to work towards second citizenship. A Turkish passport carries many benefits. One
of the biggest perks is allowing visa-free travel to more than 100 countries. This
makes vacation planning and extended stays in other countries much more attainable.
You'll also benefit from their health care services and be afforded the rights of a Turkish
citizen, including passing down your citizenship status to your children, their children, and,
well, you get the idea. Turkish citizenship is held in perpetuity once acquired.
Investing in real estate with a value of $250,000 is all it takes
to get the ball rolling, and you'll have a passport within the next six months.
Number eight. St. Kitts and Nevis. Dual citizenship in St. Kitts and Nevis
offers some lucrative benefits. You won't have any personal income tax due on income generated in the
country, and you'll secure a passport that unlocks travel to more than 100 countries, including the
UK and EU - without needing a visa. Launched in 1984, St. Kitts and Nevis
have one of the longest-standing citizen by investment programs. Residency isn't required,
and you'll gain lifetime citizenship. Applicants must contribute at least $150,000
to the Sustainable Growth Fund, and a family of four can expect to donate $195,000 for
the same program. The application fees are also more reasonable than some on
our list. The primary applicant only needs to pay $7,500 to apply, with $4,000 added on for
each additional person over 16 years old. You can also spend $200,000 on hotel shares
or $400,000 on personal properties to gain citizenship by investing in St. Kitts and
Nevis infrastructure. Number seven. Slovenia.
As a European Union member, a Slovenia passport can be highly coveted. But this
program is slightly different than most on our list. Instead of gaining citizenship through
investment, you gain residence. By investing at least, 50,000 Euros in a Slovenian company,
the primary investor and immediate family members will receive temporary residence rights.
After the initial small investment, you just need to live there for two
years as a permanent resident, and you'll be naturalized as a citizen. It's a slightly more
circuitous route, but you end up at the same destination for a fraction of the cost.
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Number six. Montenegro. Montenegro's citizenship by investment program
was recently developed, first launching in 2019. One of the nice things about this citizenship
program is the flexibility and choices offered to investors. Several government-approved real estate
development projects qualify for the program. Depending on the location, you'll invest anywhere
between 250,000 and 450,000 Euros. Prime real estate on the coast will naturally
fall into this higher range. In addition, you'll be required to make a donation to the government
of 200,000 euros and any application or due diligence fees assessed by the government.
Montenegro is located along the Adriatic Sea, and even though it's in Europe, it is
not a member of the EU. The country is working toward meeting the requirements to join the EU,
but this is likely several years off. Number five. Dominica.
A passport from Dominica opens the door to the nearly 140 other countries that allow visa-free
travel with Dominican citizens. Depending on the size of your family,
the investment requirements will differ. Individuals need to have $100,000 ready to invest,
while families of four need to double that amount, offering $200,000 in exchange for citizenship
for the whole family. And instead of buying property, you'll be contributing to the Economic
Diversification Fund of the government. This is in addition to the application fees of $18,000.
There's a loophole, though. You can still buy property as your investment,
and if you spend at least $200,000 on a property, you'll gain individual citizenship without
the additional application fee. Number four. Antigua and Barbuda.
This island nation offers an extremely cheap investment program to gain citizenship. And
with it, you'll gain access to the more than 150 countries that allow visa-free
travel with an official passport, making it one of the strongest ones around.
You'll need to have a little more money than the investment threshold, though. To get your
citizenship through investment, you need to contribute $100,000 to the National Development
Fund, one of the governmental departments. You'll also need to foot the bill for application fees,
which range from $25,000 to $41,000, depending on the size of your family.
With a total price tag of under $200,000, citizenship in Antigua and Barbuda is more
attainable than you think. Number three. Saint Lucia.
Saint Lucia just might be the most coveted of the passports and citizenship on today's list.
It's one of the cheapest and offers an idyllic location in the Caribbean. With less than 200,000
island inhabitants, it's small but mighty. One of the best-known features of St. Lucia
is the magnificent Piton mountains, a series of volcanic spires that reach toward the sky.
Individuals can apply with a $100,000 donation to the National Economic Fund. A second option
is a bit pricier but allows you to invest in the real estate you'd like to call home.
You can spend $300,000 on real estate or invest the same amount in government bonds,
creating return on investment opportunities in addition to your shiny new passport.
Number two. Grenada. Known as the Spice Isle,
Grenada is another Caribbean gem of an island. Famous as a source for spices like ginger,
cinnamon, cloves, and more, it's a popular tourist attraction and offers attractive benefits
for those seeking secondary citizenship. You can travel to 130 other countries without
a visa, and one colossal perk for those who don't have their primary citizenship in the
United States of America. With Grenada citizenship, you can live and work in
the US under an investor visa policy. Single contributors can shell out $150,000
for citizenship, and families only need to increase the amount to $200,000 for up to
four family members. Number one. Vanuatu.
Vanuatu is an island nation in the South Pacific, off the coast of Australia. Made up of more than
80 islands, it's an adventure lover's dream. It is an English-speaking country and offers the
closest proximity to Australia and New Zealand compared to other entries on our list.
There are no residency requirements or income or capital gains taxes on money made in the country.
All you need is to invest $130,000 into a local development fund. If you're a family of up to
four, you'll need to tack on an extra $50,000, keeping your investment below $200,000. You'll
also get visa-free access to nearly 150 countries and territories across the globe, making it an
attractive option for travel enthusiasts. That does it for today's video! What countries
do you have dual citizenship with? Are there any that we missed on our list
with lower financial barriers to entry? Let us know in the comments below!
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