11 Countries That Provide Citizenship By Investment

In a previous article, we addressed the question, “What is citizenship?” and provided our explanation there. What exactly does “alternative citizenship” entail? and Could You Explain How the Citizenship by Investment Process Works? Now, listed below are the 11 countries whose citizenship by investment programs attract the most applicants looking for a new country to call home.

1. Antigua and Barbuda: Citizenship By Investment Program

Investment : A minimum donation of one hundred thousand dollars ($100,000)

Time needed for processing:  Between three and four months

Key benefit: The right to freely migrate throughout a variety of locations, including Antigua and Barbuda, Hong Kong, Russia, Singapore, the United Kingdom, and the Schengen Area in Europe, amongst others.

Antigua And Barbuda’s Citizenship By Investment Program Offers The Following Benefits:

• A passport from Antigua and Barbuda allows travellers to enter 150 countries without the need for a visa or to obtain one upon arrival. These countries include Hong Kong, Singapore, the United Kingdom, and the Schengen Area in Europe.
• Applicants have the ability to include a spouse, dependent children under the age of 31 (as well as their spouse and children), parents and grandparents aged 55 and over, and unmarried siblings of the main applicant and/or their spouse of any age. Applicants also have the ability to add dependents after they have been granted citizenship for themselves.
• As a result of Antigua and Barbuda’s membership in the Commonwealth, its people are entitled to certain advantages in the United Kingdom and in other Commonwealth countries.
• The nation is a desirable location in which to either permanently or purchase a second home due to its convenient flight connections to both Europe and North America.

Criteria For Acquiring Citizenship In Antigua & Barbuda Through Financial Investment

In order to be considered for citizenship, the primary applicant must be at least 18 years old, must fulfil all of the conditions for the application, and must choose one of the following four available options:

1. The acquisition of real estate with a value of at least $200,000 USD from a real estate project that has been authorised. It is possible for two candidates to make a combined investment, in which case each applicant must contribute at least 200,000 USD individually in order to qualify. Within the next five years, the real estate cannot be sold or otherwise disposed of.
2. The acquisition of a qualified enterprise by an individual for a sum of at least $1.5 million in direct cash consideration. Alternately, a combined purchase in which each person contributes at least 400,000 United States Dollars, for a total of at least 5 million United States Dollars.
3. A minimum non-refundable donation to the National Development Fund in the amount of one hundred thousand United States dollars
4. A minimum non-refundable donation to the University of the West Indies in the sum of USD 150,000

Processes And Timetables For The Citizenship By Investment Program In Antigua And Barbuda

The processing of applications is the responsibility of the government entity known as the Citizenship by Investment Unit (CIU), which is in charge of administering the programme. The CIU does a comprehensive review of the application and, if it is determined to be required, may ask the applicant to participate in an interview.

The CIU conducts stringent checks as part of its due diligence process, and it will not approve an application if the applicant makes a false statement or leaves out any material that is important to the application. The Antigua and Barbuda Citizenship by Investment Program has acceptable standards for the documentation that applicants must submit, and the procedures involved are uncomplicated. When the application has been processed and accepted, the passports will be available for collection in Antigua and Barbuda. Assuming there are no issues that need to be addressed with the application, it is predicted that the procedure will take between three and four months to complete from the time the passport application is submitted to the time the passport is issued.

After becoming a citizen of Antigua and Barbuda, you are required to spend at least five consecutive days living on the islands during the first five years of your new status. However, in light of the many travel restrictions that have been imposed as a consequence of the COVID-19 epidemic, the CIU has decided to temporarily waive this condition. This suspension will end on August 31, 2022, unless it is renewed. The time frame for the real estate investment option can change depending on the nature of the project. Therefore, it is essential to choose a real estate project that can supply the requisite documentation for the citizenship application and that can do so from the perspective of the developer.

2. Citizenship-by-Investment Program of Austria

Investment: A minimum commitment of 3 million EUR is required.

Time needed for processing: Depending on the application, it take anywhere from 24 to 36 months.

Key benefit

Travel to 188 places without the need for a visa or the ability to obtain one upon arrival, including Canada, Hong Kong, and the rest of the European Union and the Schengen Area in Europe.

If you are an Austrian citizen, you have the right to live and work in Austria as well as any other member state of the EU at any time.

The Austrian passport has a stellar reputation and enables its holders to travel to a large number of countries without a visa or with a visa obtained upon arrival in those countries. This includes visa-free entry into the United States. It is without a doubt one of the most reliable travel documents that can be found everywhere in the globe.

When you become a citizen of Austria in accordance with the Citizenship Act, you and your family are granted full citizenship for the rest of your lives. This privilege can be passed on to subsequent generations of your family through the process of descent.

Investment Requirements In Order To Obtain Austrian Citizenship

Under the provisions of the citizenship by investment programme, an applicant is expected to actively invest in the Austrian economy. This could take the shape of a joint venture or direct investment in a business that generates new export sales or new jobs. In most cases, a significant amount of direct investment is necessary. Investments that are not actively managed, such as government bonds or real estate, do not meet the criteria.

All applicants are required to provide not only the standard documentary requirements (such as passports, birth certificates, and marriage certificates), but also an absolutely spotless personal record (a certificate stating that they have no criminal record), a comprehensive curriculum vitae, and information regarding their business background, as well as references that are impeccable.

As a general rule, the candidate for Austrian citizenship is required under the Austrian Citizenship Act to renounce their previous citizenship as a prerequisite for being awarded Austrian citizenship. In the event that citizenship is granted in accordance with the provisions of Article 10(6) of the Citizenship Act, on the other hand, the applicant’s previous citizenship may be legally maintained; in other words, the applicant may not be required to relinquish the citizenship they hold at the present time.

Procedures and time frames for obtaining Austrian citizenship through investment

The acquisition of citizenship on the basis of a financial donation is subject to numerous processes and necessitates the consent of the government on multiple fronts. Before an investment is made or the formal application process is begun, it is essential that the applicant be properly advised from the beginning, that each individual case be carefully prepared, and that informal approvals be obtained from the key ministries. This is because it is essential that the applicant be properly advised from the beginning.

The typical processing time for an application takes between 24 and 36 months. The decision of the Austrian government grants successful applicants full citizenship in the Republic of Austria, at which point they are immediately eligible to submit an application for an Austrian passport. A passport can typically be obtained in a matter of days.

Due to the fact that it falls under government regulations relating to privacy or official secrets, the granting of citizenship is not made public and is not notified to any other countries either.

3. Dominica : Citizenship By Investment Program

Dominica, one of the most stunning islands in the Caribbean, started offering citizenship in exchange for financial investments in 1993. This was done in an effort to attract more foreign direct investment. Dominica is a Commonwealth of Nations member state in addition to being a member of the United Nations, the Organization of American States, CARICOM, and several other international organisations. Dominica was a British colony in the past.

Investment:  A minimum donation of one hundred thousand dollars

Time needed for processing: One quarter of a year

Key benefit: The ability to move freely around the world and enter 144 different countries without needing a visa.

In accordance with Article 101 of Dominica’s Constitution and Sections 8 and 20 of its Citizenship Act, the Dominica Citizenship by Investment Program is in operation. The programme enables the government to award citizenship to those who qualify based on specific criteria and policy standards, while simultaneously promoting economic investment in Dominica.

Advantages Of Participating In The Citizenship-By-Investment Program In Dominica

• Travel to 144 destinations across the world without a visa or with a visa obtained upon arrival.
• The ability to include a spouse, children under the age of 31, unmarried siblings under the age of 26, and parents and grandparents of any age, as well as the ability to add dependents after citizenship has been granted to the main applicant.
• Future generations will have the opportunity to obtain citizenship by descent.
• The right to reside, work, and pursue one’s education in Dominica
• Dominica does not impose any limitations on citizens who hold dual citizenship.
• No minimum stay required

Conditions For Acquiring Dominican Citizenship By Investment

In accordance with the rules that are currently in place, prospective citizens have the choice of selecting either of the following routes:

• A donation to the Economic Development Fund in the amount of USD 100,000 that is not refundable
• A minimum investment of USD 200,000 in a real estate development that has been approved by the relevant authorities.
• Instructions and a schedule for the Dominica Citizenship by Investment Program
• An oath of loyalty must be taken in front of an authorised notary, justice of the peace, or commissioner of oaths by the applicant as well as any members of the applicant’s immediate family. Following the taking of an oath of allegiance, the application for citizenship is continued to be handled, and citizenship certificates are then issued in a timely manner.

There is no condition that you really live in the area. On the other hand, the government actively encourages new citizens to take a more active role in the economy, and it provides large incentives to do so in order to make this level of participation an appealing alternative. The successful candidate will be granted permission to move to Dominica at any time and for any amount of time they want throughout their stay. Any applicant who has previously been turned down for a visa to a country that has a visa-free travel agreement with Dominica is required to successfully receive a visa from that country in order to be eligible to apply for a visa to Dominica.

Citizenship can be applied for by pre-existing dependents of the main applicant as well as prospective spouses of people who have earned citizenship through the Dominica Citizenship by Investment Program; however, additional costs will need to be paid for each application. Children born after their parents have gained citizenship through the programme and who were born after the citizenship has been obtained are eligible for citizenship at any time and can be registered for it.

A citizenship by investment unit, a designated government authority under the Ministry of Finance that is responsible for the operation of the programme, is in charge of processing applications to become a citizen of the country. At this time, the processing time for applications is three months from the day an application that has been fully completed is received.

4. Citizenship-by-Investment Program of Grenada

Investment: A minimum commitment of 150,000 USD is required.

Time needed for processing: Between three and four months

Key benefit: The privilege of unrestricted travel to locations such as Grenada, China, Russia, Singapore, the United Kingdom, and the Schengen Area in Europe, amongst other places.

The Grenada Citizenship by Investment Program offered a number of key advantages, including the following:

• Access to 144 places without the need for a visa or access to visas on arrival, including China, Hong Kong, Singapore, the United Kingdom, and the Schengen Area in Europe
• The only citizenship-by-investment program in the Caribbean that possesses an E-2 Investor Visa Treaty with the United States of America. As a result, citizens are entitled to apply for a non-immigrant visa.
• Citizenship that can be passed on to subsequent generations as well as new spouses
• The ability to add the primary applicant’s spouse, as well as the main applicant’s children and grandchildren who are under the age of 30, unmarried siblings aged 18 and older, and parents and grandparents.
• Grenada does not impose any limitations on citizens who hold dual citizenship.
• No minimum stay required

The Path Of Becoming A Citizen Of Grenada

For citizenship under the Grenada Citizenship by Investment Program, candidates must either buy a qualified asset that has been approved by the government or make a sizeable economic contribution to the country. Either way, candidates must meet the minimum investment requirements. Citizenship will be granted to the applicants and their families as part of the exchange; however, this will take place only after the applicants have passed a stringent screening and due diligence process, which will involve extensive background checks. The primary applicant for citizenship needs to be older than 18 years old, complete the prerequisites for making an application, and meet one of the two primary qualifying possibilities, which are as follows:

One of the options for making a donation to the National Transformation Fund is to make a non-refundable minimum investment to the NTF in the amount of USD 150000.

Option in the real estate market: purchasing at least 220,000 dollars’ worth of property from a project that has been granted government approval. When choosing this option, you are required to make an additional donation of at least 50,000 USD, which is not refundable.

Grenada’s Citizenship-by-Investment Program’s Procedures and Timeline

The procedure for applying for citizenship in Grenada is quick, easy, and does not require the applicant to make a trip to Grenada in order to complete the process.

In most cases, the applicant can expect to hear back from the government within a period of ninety days after submitting their application. When an application is approved, the applicant will receive their passport within ten business days.

The time frame for the real estate investment option can shift based on the nature of the project. Therefore, it is essential to choose a real estate project that can supply all of the essential documentation from the developer.

Taxation

According to the Grenada Income Tax Act Cap. 149, the individual annual income tax rate is 15% on the first 24,000 XCD of taxable income, and the rate increases to 30% on taxable income that is greater than 24,000 XCD. The standard rate of taxation for businesses is 30%. Any payment that is made to a non-resident must have 15% of that payment withheld in order to comply with the withholding tax law. This includes wages, rent, leasing premiums, licences, royalties, management charges, commissions, and fees. The only exception to this rule is interest on bank accounts.

Grenada’s value-added tax (VAT) is 15%, and the property transfer tax for citizens is 5%; both of these taxes are paid by the vendor or seller. In Grenada, annual taxes consist of a property tax that is equal to 0.2% of the market value for residential property and a stamp tax on commercial receipts that is equal to 0.75% of gross receipts if they are greater than XCD 300,000 and 0.5% on any sums that are lower than this level. The first XCD 36,000 that a person earns does not have to pay the annual stamp tax.

5. The Islands Of St. Kitts And Nevis – Citizenship-By-Investment Program

St. Kitts and Nevis is a Caribbean resort that consists of two islands and is known for its untouched beaches and lush tropical surroundings. Its culture is quite varied, having been influenced by African, British, Carib, and French traditions respectively. Because of its convenient flight connections to both Europe and North America, this Caribbean nation makes an excellent choice for those looking to purchase a second home in the region.

Investment : USD 150,000

Time required for processing: three to six months

Key benefit: The freedom to freely migrate to multiple locations, including but not limited to St. Kitts and Nevis, Hong Kong, Russia, Singapore, the United Kingdom, and the Schengen Area in Europe.

As a means of fostering national development and attracting foreign investment, a number of nations, including St. Kitts and Nevis, have instituted citizenship-by-investment programmes that make it possible for individuals to become citizens of the state in exchange for making a financial or other type of contribution to the government.

Legal And Historical Context

St. Kitts’ 1984 citizenship-by-investment programme requires potential citizens to make a financial commitment. As payment, they and their families will receive full citizenship.

Part II, Section 3(5) of the 1984 Citizenship Act and the 2011 Saint Christopher and Nevis Citizenship by Investment Regulations legalise awarding citizenship in exchange for financial donations. These laws allow the government to run a programme that grants citizenship to people who meet cabinet qualifications and programme conditions.

St. Kitts and Nevis Citizenship By Investment Program benefits

• When you and your family become citizens of St. Kitts and Nevis, you get lifelong citizenship. This citizenship can be inherited by future generations.
• Kitts and Nevis passport holders can enter 157 countries visa-free or get one upon arrival. Hong Kong, Russia, Singapore, the UK, and Schengen are included.
• Future generations can get citizenship through ancestry.
• Citizenship applicants can include a spouse, children under 31, parents, grandparents 55 or older, and unmarried dependent siblings under 31 without children. Citizenship applicants can add dependents.
• St. Kitts and Nevisans are entitled to Commonwealth benefits in the UK and other countries.
• Saint Kitts and Nevis is a good spot to own a second home due to its proximity to Europe and North America.
• Dual citizenship is allowed.
• No minimum nights required.
• St. Kitts and Nevis citizenship can be purchased.
• Candidates for St. Kitts and Nevis citizenship by investment must make a financial commitment to the nation. Full citizenship is offered in exchange, but only after a rigorous application process and background checks.
• In order to apply for citizenship, the primary applicant must be at least 18 years old, must fulfil all of the conditions for the application, and must choose between the following two options:

1. A contribution to the Sustainable Growth Fund in the amount of USD 150,000 (non-refundable) for an individual applicant and USD 195,000 (non-refundable) for a family with up to four members. Each sibling is subject to a fee of USD 20,000, and there is an extra USD 10,000 fee for each family member after that (other than a spouse or sibling).
2. The acquisition of real estate from a pre-approved real estate development with a minimum value of USD 200,000 (resalable after seven years) or USD 400,000 (resalable after five years).

The Steps And Schedule For The St. Kitts And Nevis Citizenship By Investment Program Are As Follows:

The St. Kitts and Nevis Citizenship by Investment Unit (CIU) is in charge of processing all applications received for citizenship by investment. There is also a streamlined application process that applicants can utilise, and the processing period for this option ranges from 45 to 60 days. The CIU conducts a comprehensive review of the application, and depending on the circumstances, may ask the applicant to attend an interview. However, this step is rarely required. The CIU conducts stringent checks as part of its due diligence process, and it will not approve an application if the applicant makes a false statement or leaves out any material that is essential to the process. The applicant must personally fill out government forms obtained from an authorised service provider. The program’s documentation requirements and procedures are clear. It’s not required for the application procedure, which takes three to four months from the moment an application is submitted to the CIU until a decision is made on whether to buy real estate on the islands. Most candidates tour the islands before buying. Because the real estate option’s timeline depends on growth, it’s important to choose one that supports the citizenship application.

The monies for the various parties’ payments, including those for the real estate, the SGF contribution, government fees, and other expenses, will be released once the application has been approved in principle. After that, the certificate of registration, which is what ultimately grants citizenship status, will be signed by the Prime Minister. After the applicant has received their certificate of registration, they are then eligible to submit an application for a passport.

Dual Citizenship – St. Kitts and Nevis

There are no limitations placed on citizens of St. Kitts and Nevis who also hold citizenship in another country.

6. Malta : Citizenship By Investment Program

Malta, which is located in the middle of the Mediterranean Sea, has a wonderful reputation thanks to its wonderful climate, nice people, low crime rate, and good quality of life. Malta is a lovely destination to live or purchase a second property, and it also has very good connections to other countries via air travel.

Investment : An investment of either €738,000 for a minimum residence period of 36 months or €888,000 for a minimum residence period of 12 months is required (including property lease)

Time needed for processing: Before becoming eligible to apply for citizenship, applicants and all of their adult dependents are required to have held Maltese residency status for a minimum of 36 months (or 12 months if an exception applies).

Key benefit: A desirable spot to reside or own a second home, this location offers great transportation connections via both land and air.

Naturalization As A Pathway To Maltese Citizenship

Through a programme known as the Malta Citizenship by Naturalization for Exceptional Services by Direct Investment process, non-Maltese individuals and their families who make significant contributions to the nation’s overall economic growth are eligible to receive citizenship in Malta in exchange for a certificate of naturalisation. This is a possibility after a residence period of 36 months (or, in exceptional circumstances, 12 months). Every application is subject to a rigorous process of due diligence, which includes comprehensive checks of the applicant’s background. Community Malta Agency is the competent Maltese Government Agency responsible for administering the legislation. This responsibility was given to Community Malta Agency in 2011.

The Advantages Of Having Maltese Citizenship

• Visa-free or visa-on-arrival travel to 185 destinations
• access to a trustworthy and transparent financial centre, as well as a premier jurisdiction for conducting business on a global scale
• The most stringent due diligence procedures and applicant screening in the world, guaranteeing that only the most respectable candidates are considered.
• A desirable location in which to reside or acquire a second home because to its convenient access to major airports and other transportation hubs.

Criteria To Be Met In Order To Acquire Citizenship Of Malta Through Naturalization

The application for Maltese citizenship through naturalization for exceptional services by direct investment is subjected to a rigorous screening and evaluation before moving on to the next stage of the four-step procedure of due diligence. In order to be eligible, the applicant must satisfy the following requirements:

• A requirement that all applicants be at least 18 years old.
• A payment of at least 600,000 Euros for a minimum residence time of 36 months or 750,000 Euros for a minimum residence period of 12 months is required.
• The purchase of a residential property in Malta with a price tag of at least 700,000 EUR that must be maintained as an investment for a period of five years. Alternately, a lease on a residential property that is held for a period of five years and has a rental value that is at least equivalent to sixteen thousand euros per year. Please take note that the property cannot be rented out to another party during this term of five years. During the time that you are living in the residence, you are required to enter into a lease agreement with a term of 36 months (with one exemption that reduces the term to 18 months).
• Legal residence in Malta for at least 36 months (or 12 months, by exception), which includes the lease of a residential property with a rental value of at least EUR 16,000 per annum, held for that same period of time. A donation of at least EUR 10,000 to a registered sport, cultural, scientific, philanthropic, animal welfare, or artistic non-governmental organisation or society, as approved by the Community Malta Agency. When applying for citizenship, applicants are required to present a residence card that is in good standing.

The Steps To Take And The Schedule

1. Applications are required to be submitted using the specified formats, together with the applicable fees and certain supporting documentation. An application will be rejected if it is discovered to include any misleading information or omissions after it has been subjected to extremely rigorous examinations as part of the due diligence process.
2. The application for a residence permit will be filed if it is determined that the applicant has satisfied the requirements for Tier 1 of the Community Malta Agency’s due diligence checks. Following the acquisition of residency, an application for eligibility will be made, and the agency will conduct additional (tiers 2, 3, and 4) due diligence checks. The results of these checks will be presented to the relevant Maltese minister, who will decide whether or not the applicant is eligible to apply for Maltese citizenship.
3. After living in Malta for a period of 36 months, an application for citizenship can be made to the Community Malta Agency if the application is successful (or 12 months by exception). After the minister has determined whether or not the application is eligible for Maltese citizenship, the applicant who is successful will next be needed to satisfy the exceptional investment, contribution, and property requirements. After that, the applicant will be sent an invitation to swear the oath of allegiance in Malta, and they will also be given a certificate of naturalisation from the Maltese government.
4. Over the course of the next five years, the Community Malta Agency will carry out ongoing monitoring.

Dual Citizenship : Malta 

There are no restrictions on dual citizenship in Malta.

7. Montenegro : Citizenship By Investment Program

The country of Montenegro, which can be found in the southeastern part of Europe on the Balkan Peninsula, is well-known for the amazing and unrivalled natural beauty that it possesses. Montenegro became an independent nation in 2006; nowadays, it is a member of the North Atlantic Treaty Organization (NATO), has adopted the euro as its official currency, and is an official candidate country for membership in the European Union (EU).

Investment: Minimum need of 450 000 Euros in terms of capital (investment of EUR 250,000 and a donation of EUR 200,000 to the country)

Time needed for processing: Approximately six to eight months from the time the application is submitted until it is approved

Key benefit: The right to travel freely to a variety of locations, including Russia, Turkey, Montenegro, and other European countries that are part of the Schengen Area

Citizenship-by-Investment Program of Montenegro

The Government of Montenegro decided to launch the Montenegro Citizenship by Investment Program as a part of its ongoing efforts to enhance economic activity and attract foreign direct investment. This decision was made as part of the Government of Montenegro’s ongoing initiatives.

The Citizenship by Investment Program in Montenegro requires applicants to make a defined economic contribution to Montenegrin society by investing in an approved development project and contributing capital to a fund designated by the government for the advancement of under-developed areas. In order to qualify for the programme, applicants must meet both of these requirements. Citizenship is awarded to candidates and their families in exchange for payment of a fee, subject to the completion of a rigorous screening and due diligence process that includes exhaustive background checks.

Advantages of Participating in the Citizenship by Investment Program in Montenegro

• Access to 123 places without the need for a visa or the ability to obtain one upon arrival, including the Schengen Area of Europe, Russia, and Turkey
• holding citizenship in a nation that is recognised as an official candidate for membership in the EU
• Citizenship in a community in Europe that is multiethnic and multilingual, and which features a temperature similar to that of the Mediterranean, stunning natural surroundings, and an affordable cost of living.
• Having citizenship in a country that is a part of the European Union, the NATO Alliance, the OSCE, or the World Trade Organization
• The candidate and their family members, including same-sex partners and unmarried partners, can receive full citizenship if they meet the requirements.
• An investment in a construction venture that will be managed by a well-known hotel chain

Citizenship of Montenegro can be obtained through certain investments.

To be eligible for the Montenegro Citizenship by Investment Program, the primary applicant must be at least 18 years old, must fulfil the prerequisites for the application, and must make the required contributions to the government of Montenegro. To be eligible for the programme, there are two different paths that can be taken:

1. An investment of 450 thousand Euros in construction endeavours in either the nation’s capital of Podgorica or in the coastline districts.
2. An investment of a total of two hundred and fifty thousand euros (EUR) towards development projects located in northern or central Montenegro, excluding Podgorica

In addition, each application is subject to a government cost that is equal to 200,000 Euros. This contribution will go toward a specific fund for the progress of undeveloped areas in Montenegro, which will receive 100,000 Euros, as well as the Innovation Fund of Montenegro, which will receive 50,000 Euros (EUR 100,000).

Procedures and a timetable for the Citizenship by Investment Program in Montenegro

All applications must go via intermediate agents that have been properly accredited by the Government of Montenegro for this particular purpose in order to be considered. Applications are typically handled within six to eight months after they have been received by the appropriate government department.

Dual Citizenship : Montenegro

Those who are granted citizenship under the Citizenship by Investment Program in Montenegro are exempt from the restrictions placed on dual citizenship by the government, which are outlined in Article 8 of the statute governing citizenship in Montenegro. Citizenship can be conferred to successful programme candidates under the provisions of Article 12 of the law, which stipulates that citizenship can be granted on an extraordinary basis to individuals on the basis of unique contributions (such as economic interest) to the country.

8. The North Macedonian State Citizenship By Investment Program

The Republic of North Macedonia may be found in the Southeastern part of Europe, and it is encircled on all sides by gorgeous rivers and scenic, verdant hilly terrain. Investors and businesses are drawn to the nation because of its expanding economy, as well as its exceptional agriculture and trade potential. The people of North Macedonia live under a civil law system, which allows them to take advantage of the country’s culturally rich lifestyle, which is shaped by the arts and local tradition.

Investing : A minimum investment of 200,000 EUR is required.

Time required for processing: Two to five months.

Key benefit: The ability to travel freely throughout certain regions, including Hong Kong, Japan, Singapore, Turkey, and the Schengen Area of Europe, in addition to receiving an electronic visa for India.

The Citizenship by Investment Program of the Republic of North Macedonia

Prospective investors are in an excellent position to benefit from the nation of North Macedonia’s reputation as a major transportation route across Europe due to its location in the southeastern region of Europe. North Macedonia possesses a strategic geographic location. The Citizenship by Investment Program in North Macedonia is the quickest and easiest approach for anyone who are interested in becoming citizens of this rapidly developing economy in Europe. This programme is aimed at people who are interested in becoming citizens of North Macedonia. The government warmly welcomes wealthy and skilled persons from other countries who are able to make a major and legally compliant investment in the country. This type of investment would stimulate the economy through direct foreign investment. Through participation in this programme, prospective citizens of North Macedonia can obtain their citizenship in a period of just five months.

Advantages of Participating in the Citizenship by Investment Program in North Macedonia

• Access to 125 places without the need for a visa or access to visas on arrival
• Citizenship available to anyone who have reached the age of 18 or older. Children under the age of 18 who are dependent on their parents and who want to apply for citizenship by descent can do so once either or both of their parents have obtained citizenship.
• The right to be a citizen can be handed down to subsequent generations.
• Access to a commercial market that is positioned strategically
• Having citizenship in a European nation with an upper-middle income, a culture that values hospitality and friendliness, and a tax climate that is advantageous.
• There is neither a minimum length of residence nor a language requirement in order to get citizenship.
• Citizenship of a country that only very recently become a member of NATO and is currently applying to join the EU
• Access to a labour force that is highly qualified, as well as quick registration methods for businesses

The Requirements For Acquiring Citizenship In North Macedonia By Investment

In order to qualify for citizenship through the North Macedonian Citizenship by Investment Program, a foreign individual must make an investment of either 200,000 or 400,000 EUR in one of the following two investment options:

Alternative 1:

To be eligible to apply for citizenship in the Republic of North Macedonia, each adult candidate must spend 200,000 euros in a private investment fund that has been established in conformity with the legislation of the Republic of North Macedonia for a period of at least two years.

Alternative 2:

400 000 EUR per adult applicant as a direct investment in new facilities (save for those in hospitality, which are defined as restaurants or shopping), employing at least 10 people for an unlimited period of time throughout a period of at least one year.

The following items need to be submitted as proof:

1. Clearance certificates issued by the police
2. Detailed curriculum vitae (CV)
3. substantiation of one’s financial situation
4. The Citizenship by Investment Program in North Macedonia’s procedures and time frame can be found here.
5. Applications for citizenship in North Macedonia are required to contain application forms that have been filled out in their whole and should be supported by the relevant fees and supporting documentation. Certificates of birth and marriage, together with a signed prospectus and share redemption documentation from a fund that has been approved by the government, are among the documents that must be shown. The Fund for Innovations and Technology Development of the Republic of North Macedonia is the entity that is responsible for providing both direct and close oversight of the programme.

9. Jordan: Citizenship By Investment Program

The Hashemite Kingdom of Jordan is a secure and business-friendly environment that is well known for its strategic location at the crossroads of Asia, Africa, and Europe. Petra, a famous archaeological site, and Amman, the country’s capital and the country’s economic, political, and cultural hub, both stand as outstanding examples of Jordan’s ability to blend the ancient and the modern worlds.

Investing: A minimum investment of USD 750,000 is required.

Duration of the process: three months

Key benefit : The ability to move freely in such places as Jordan, Hong Kong, and Turkey, amongst others

Program For Citizenship In Jordan Based On Investments

Because of its location on the Northern Arabian Peninsula, Jordan is almost entirely landlocked. Potential investors are in a key position to benefit from the proximity of the kingdom to Saudi Arabia in the south and Israel in the west, which enables an expanded landscape for business and investment opportunities.

The Jordan Citizenship by Investment Program is the most time and cost effective option for people who are interested in becoming citizens of this multiethnic and peaceful Arab nation to achieve that status. The government of Jordan warmly welcomes affluent individuals from other countries who are interested in making a large investment in the country and meeting the requirements necessary to do so in order to stimulate economic growth through FDI. Individuals and the members of their immediate families have the opportunity to become citizens of Jordan within three months by participating in this programme.

Advantages Of The Jordan Citizenship By Investment Program

• Access to 52 countries without the need for a visa or the ability to obtain one upon arrival in Jordan
• Citizenship that applies to the full family, including the primary applicant’s spouse, children (unmarried, widowed, or divorced daughters and sons under 18), and dependent parents
• Membership in the peaceful and secure nation of a Middle Eastern nation
• Possession of citizenship in a nation that is both an active participant in the United Nations and a member of the World Trade Organization
• Investment requirements in order to qualify for Jordanian citizenship
• A foreign individual must make an investment into either a bank deposit, treasury bonds, securities, small and medium enterprises, or a local job-creating project in order to qualify for citizenship through the Jordan Citizenship by Investment Program.

In order to qualify for residency in the country, applicants are required to make one of the following types of investments:

• Cash on deposit at the bank and government bonds
• Place a deposit of at least one million United States dollars (USD) at the Central Bank of Jordan (CBJ) with an interest rate of 0% for a term of at least three years; and
• Purchase government bonds with a face value of one million United States dollars at an interest rate that will be determined by the Central Bank of Japan and keep them for a period of at least six years.
• In this scenario, candidates are required to have been physically present in the kingdom for a period of at least one month before the granting of citizenship Company shares and/or units
• Purchase of a minimum of USD 1.5 million worth of shares and/or units in Jordanian enterprises with the stipulation that they be held for a period of at least three years and that the Companies Control Department and/or the Jordan Securities Commission designate temporary seizure of the assets.
• Micro, small, and medium-sized businesses (local project leading to employment creation)
• Establish an investment project in a specific productive economic sector with capital of at least USD 1 million in any location within the Amman governorate (USD 750,000 for a project that is registered outside Amman), provided the project creates at least 20 employment opportunities (reduced to at least 10 opportunities for Jordanians for a project in a governorate other than Amman), in accordance with the statements of the Social Security Corporation.
• As part of the application process, substantiating documentation of the investment must be supplied in document form.

The Program for Jordanian Citizenship by Investment’s Procedures and Timeline

Applicants seeking Jordanian citizenship are required to submit fully filled-out application forms, in addition to the required fees and supporting documentation. After the candidate has been cleared for their security clearance and their financial sufficiency has been verified, the eligibility requirements are applied to a maximum of 500 cases per year. The requirements are reviewed and assessed once every six months, and they are not implemented in retroactive fashion.

After preliminary checks for compliance have been made, the applicant has the opportunity to select their preferred method of investing, which are: A deposit in a bank and/or treasury bonds, shares and/or units in a firm, or the establishment of a business that will result in the development of new employment opportunities.

In the event that qualifying requirements are met, an application for Jordanian citizenship may be granted after it has been presented to the appropriate government committee, additional due diligence procedures have been successfully performed, and the application has been processed. After the candidate has completed the required investment, they, along with any family members who were also included in the application, are granted Jordanian citizenship.

Citizenship is granted to the primary investor, their spouse, any children under the age of 18 (including unmarried, widowed, or divorced daughters and sons), and any dependent parents.

10. St. Lucia Citizenship By Investment Program

St. Lucia is a tropical island nation that may be found in the eastern Caribbean Sea, to the north of Barbados and to the south of Martinique. It is a volcanic island that is primarily covered in rainforest and is well-known for its twin peaks, which are called the Pitons, and its enchanted beaches. St. Lucia is a country that is a part of the Commonwealth as well as the Caribbean Community (CARICOM), and it has great aviation connections to both Europe and North America.

Investment: Minimum commitment of one hundred thousand dollars

Time needed for processing: Between three and four months

Key benefit: The right to freely move to locations such as Hong Kong, Singapore, the United Kingdom, and the Schengen Area in Europe, amongst others.

To qualify for citizenship in St. Lucia through the Citizenship by Investment Program, applicants are required to make a substantial financial gift to the nation. Full citizenship is provided to the applicants and their families in exchange for this, but only after they go through a rigorous application process and demonstrate that they have done their homework. The Citizenship by Investment Act No. 14 of 2015 is the primary piece of legislation that governs the St. Lucia Citizenship by Investment Program.

Advantages Of Participating In The Citizenship By Investment Program Of St. Lucia

• Travel to 146 countries is possible without a visa or with a visa obtained upon arrival if you have a St. Lucian passport. These countries include the Schengen Area in Europe, Hong Kong, Singapore, the United Kingdom, and many others.
• There is no requirement for either residence or visitation.
• Applicants have the option of including a spouse, children who are under the age of 31, siblings who are under the age of 18, and parents who are aged 56 or older in their citizenship applications. Applicants also have the ability to add dependents after they have been given citizenship.
• The investment and processing fees associated with the programme are quite appealing.
• St. Lucia recognises dual citizenship.

Criteria For Acquiring Saint Lucian Citizenship Through Investment

The Citizenship by Investment Act No. 14 of 2015 is the primary piece of legislation that governs the St. Lucia Citizenship by Investment Program. This legislation, section 33, established the Saint Lucia National Economic Fund (NEF), which is the entity that is in charge of receiving the donations from the program that are eligible to be invested. Under the framework of the strategy for national development, the government will make use of these monies.

In order to qualify for the program, applicants are expected to have made a substantial contribution to the nation’s economy. Full citizenship is provided to the applicants and their families in exchange for this, but only after they go through a rigorous application process and demonstrate that they have done their homework. In order to be eligible, the primary applicant needs to be at least 18 years old, fulfil the conditions of the application, and choose one of the following investment options:

1. An investment in a real estate development that has been reviewed and approved, with a minimum value of USD 300,000 and a requirement that it be retained for a minimum duration of five years. It also depends on the real estate developer whether or not there will be additional charges involved.
2. An investment of at least $3.5 million in a business project that has been approved (in accordance with the regulations), in addition to the creation of at least three permanent employees. Alternately, a joint donation of USD 6 million (with each applicant providing a minimum of USD 1 million), in addition to the creation of no fewer than six permanent jobs.

The following government administration costs will also apply to the first two options that were discussed above:

• The primary applicant will pay USD 30,000.
• $45,000 for the primary applicant and their spouse
• Each adult dependent who is older than 18 will be charged USD 10,000.
• Each dependent 17 and older — USD 5,000
• After the sixth member of the family, the cost is $10,000 for each additional family member.

3. A donation to the NEF in the amount of USD 100,000 that is not refundable (for a single applicant). The contribution may be made by the applicant in accordance with any one of the following four categories:

• Principal Applicant — One Hundred Thousand Dollars
• 140,000 USD for the primary applicant and their spouse
• One hundred and fifty thousand dollars will be given to the primary applicant, their spouse, and up to two other qualifying dependents.
• Each additional qualifying dependant applying with the main applicant, spouse, and two other qualifying dependents will be charged an additional fifteen thousand dollars (USD).
• USD 25,000 will be added for each additional eligible dependent.

4. An investment in government bonds that do not accrue interest and must be kept for a period of five years:
5. In accordance with the provisions set forth in rule 12(1) of the Citizenship by Investment Regulations, Cap.

• The primary applicant will pay USD 500,000.
• The primary applicant and their spouse will each pay USD 535,000.
• The primary applicant, their spouse, and up to two more qualifying dependents will each get a USD 550,000 award.
• USD 25,000 will be added for each additional qualified dependent of any age.
• Fee for administration of the government equal to USD 50,000

1.  In accordance with the Covid-19 Relief Bond, which is accessible for a restricted time until the 31st of December in 2022

• Primarily responsible party — $250 000 (bond holding period is five years)
• The main applicant can apply for USD 250,000 if they have just one qualified dependent (bond holding period is six years)
• USD 250,000 will be allotted to the primary applicant, who can include up to four qualified dependents in their application (bond holding period is seven years)
• For the primary applicant and up to four qualified dependents, the application fee is $300,000. (bond holding period is five years)
• Each subsequent qualifying dependent — USD 15,000
• The government administrative cost is thirty thousand dollars.

Within the first five years after having their applications accepted, citizens who have already been approved may add dependents to their families. A payment in the amount of USD 35,000 is required for couples, while a donation in the amount of USD 25,000 is required for each additional dependent of any age who is eligible. In addition, there is a due diligence cost of five thousand United States dollars for each qualified dependent who is 16 years old or older. The administrative processing charge for the government is one thousand dollars (USD) for each qualified dependent.

All eligible dependents are required to have a spotless personal history, free of any criminal records, and to not be the subject of any active criminal investigations (other than in respect of a minor offense). A person’s application for citizenship will be denied if they are considered to be a possible threat to the country’s safety or if they are or have been involved in any conduct that is likely to bring St. Lucia into shame.

The Steps And Schedule For The St. Lucia Citizenship By Investment Program

Assuming there are no issues that need to be addressed with the application, the citizenship certificate should be issued no later than four months after the application has been submitted. The application procedure should not take longer than this. Where it is anticipated that the whole processing time would take more than three months due to the extraordinary nature of the case.

An application for citizenship will be reviewed by the Citizenship by Investment Board, which is responsible for providing oversight to a dedicated Citizenship by Investment unit (CIU). The result of this review may be to grant citizenship, to refuse citizenship, or to delay citizenship for a cause. On behalf of the applicant, the agent firm will submit a citizenship by investment application in both electronic and paper form. It is required that all applications be completed in the English language.

Before the CIU will consider an application for processing, it is necessary for all of the necessary supporting documents to be attached to it. Each and every application needs to be accompanied by the applicable non-refundable processing and due diligence fees for the primary applicant, their spouse, and any dependents who are eligible for the benefit being sought. If an application has already been approved in principle, the CIU will inform the agent firm that the required government administration fees and qualifying money must be paid before the certificate of citizenship can be issued.

Within ninety calendar days after receiving notification that their application was approved, the primary applicant is responsible for transferring the necessary monies for the qualifying choice. If your application is accepted, you will be required to take an oath or affirmation of allegiance and sign it in front of an attorney-at-law, notary royal, or notary public. In extraordinary circumstances, the minister may, by order, remove a citizen’s citizenship if it is determined to be essential to do so.

Dual Citizenship: St. Lucia

In St. Lucia, holding two citizenships at the same time is permitted without any problems.

11. Turkey Citizenship By Investment Program

Turkey is a large transcontinental country that is strategically positioned and has borders with all three of the world’s oceans. Turkey’s location, which enables it to connect easily with vital markets thanks to its strong transport links, makes it a popular tourist destination. Despite the fact that Ankara is the country’s official capital, Istanbul, a major worldwide city, is Turkey’s largest and most important commercial and cultural centre.

Investing: The minimum payment required is US$250,000

Processing Time: Approximately one hundred twenty days are required for processing time, beginning with the receipt of the application.

Key benefit: The right to freely relocate to other locations, including Turkey, Hong Kong, Japan, and Singapore, amongst others.

Citizenship by Investment in Turkey (Turkey)

The Turkey Citizenship by Investment Program was initiated in January of 2017 with the purpose of luring foreign direct investment into the real estate market of the country and fostering accelerated growth in that market. Applicants to the programme are given the option of selecting from a variety of different kinds of economic contributions to Turkish society, which helps to grow the economy of the country.

Turkey is a transcontinental Eurasian country, and its most famous city, Istanbul, sits on the Bosphorus Strait, where it straddles both Europe and Asia. Because of its location at the boundary between Europe and Asia, it holds a great geostrategic importance as a nation.

The Turkey’s Many Advantages Obtaining Citizenship Through Investment Program

• Access to 110 places without the need for a visa or the ability to obtain one upon arrival, including Hong Kong, Japan, and Singapore
• Having citizenship in a nation that benefits from a temperate Mediterranean climate, stunning natural landscapes, and a high level of living
• Citizenship in its whole was bestowed upon the applicant, and their family members were also eligible.
• Possibility of obtaining, for a period of five years that may be extended, an E-2 Investor Visa in the United States
• access to a transcontinental Eurasian country that serves as a stable economic, financial, and political nexus between Europe, Western Asia, and the Middle East

Investment Requirements In Order To Obtain Turkish Citizenship

For the primary candidate to be eligible for citizenship, they need to meet one of the following investment requirements:

1. Acquire real estate with a value of at least 250,000 US dollars.
2. Contribute a minimum of USD 500,000 in fixed capital at the very least.
3. Make a minimum deposit of USD 500,000, or the equivalent in other currencies or Turkish lira, into a bank account in Turkey.
4. Invest a minimum of half a million dollars, the equivalent in another currency, or five hundred thousand Turkish lira in Turkish government bonds.
5. Make a minimum investment of 500,000 US Dollars or its equivalent in another currency or in Turkish lira in the form of a share of a real estate investment fund or a venture capital investment fund.
6. As certified by the Ministry of Family, Labour, and Social Services, you must find employment for at least fifty different individuals.
7. In their application, the primary applicant is allowed to include their spouse, dependent children who are younger than 18 years old, and children of any age who are coping with a disability.

Instructions And A Schedule For The Citizenship By Investment Program In Turkey

After applicants have selected the appropriate route for making a qualifying investment, an application for a residence visa will be submitted on their behalf. The primary applicant will thereafter be required to initiate the opening of a bank account in Turkey.

After all of the application documents have been prepared, the investment can then be finalised, and the documents can then be handed over to the government. The review procedure will start as soon as the application has been delivered to the government, and they may ask you to participate in an interview. The approval of applications normally takes less than a year and a half, after which the citizenship documents are distributed. After that, you can send in the application for the passport.

How the Citizenship by Investment Process Works?