Citizenship over the Investment programs provides the legal way of acquiring a nationality in exchange for the financial investments into the host country's economy. The above programs would grant citizenship status to investors without creating a significant storm in their lives, provided all qualifications are met and all due diligence procedures are undertaken with the submission of required documents. With all those different options and different factors to consider, it may be difficult to choose the best Citizenship Investment program for you. The following are some of the factors you must consider when looking at various countries and their CBI programs.
1. Citizenship by Investment Budget
What is the maximum that you can and
want to pay for the second passport? Less expensive ways of getting a second
citizenship exist, with the help of the Caribbean citizenship through
investment programs. Such as: through the citizenship by investment in Dominica
it can be bought for USD 100,000 by a sole candidate, while a family of four
can buy the citizenship in Antigua for approximately USD 125,000. In fact, most
of the programs for citizenship through investment in the Caribbean fall
between $100,000 and $200,000, all offering different incentives.
Programs for obtaining European
Citizenship via Investment are even costlier. Whereas it costs approximately
EUR 2.5 million for Cyprus citizenship, Malta citizenships cost from EUR 1.3
million. Relatively cheaper compared to Cyprus and Malta, the Portugal citizenship by investment program offered by agencies such as
Mercan Group requires an investment of £500,000.
2. Do you plan to apply with family members included?
A citizenship application may include
the applicant's parents, children, and adult children under specific programs.
Additionally, costs vary according to how many candidates are involved in an
application for citizenship through investment. Suppose the goals are to give the
citizenship by descent to the future offspring. In that case, you must confirm
if citizenship by investment by descent is permitted under the citizenship by
investment program and whether there are any restrictions on this process.
3. Freedom of Travel
The flexibility to travel multiple
countries without having drawn-out visa formalities is a important benefit of
CBI programs. Based on the passport you obtain, you may be able to enter
several countries without a visa, and a superior passport may spare you from
having to submit extra paperwork or complete lengthy application forms. In
addition, holders of second passports that grant visa-free entry won't have to
pay for visas or stand in line at embassies or other relevant locations to
process their applications.
4. Citizenship Processing Timeline
Programs like the Portugal
citizenship by investment offer a straight path to citizenship and do not
need a prolonged term of residency in the host nation for you & your family
to be eligible. Every software has a unique timeframe based on a variety of
variables. For instance, required physical presence requirements in several
nations lengthen processing times.
The CBI program you select will rely on
your current financial status, your preferred nation and passport, your
financial objectives, and, of course, your family circumstances. It's always
advised to take some time to think things over before diving right in.
