Where do we find cost-effective second passport options?

BLOG | 03.05.2021

ICityzen Blog 1

You may obtain a second passport by a variety of means, depending on the country where you wish to avail it. In most countries, you may obtain a second passport easily if you have ancestral ties or marry a national of the respective country. However, these are not viable options for everyone as it isn’t logical to marry someone from another country just to gain a citizenship, when you do not have ancestral ties.

Another alternative is to stay in the country for a specified period of time as a resident to earn a second passport. This, however, can be quite time consuming as you may have to spend several years there just to be eligible for the passport. Certain countries have started to offer a faster alternative; economic citizenship. These countries offer citizenship through investment programs, which require the applicants to invest a certain sum of money in the country. Some of the most cost-effective options for obtaining a second passport through investment are:

  • Antigua and Barbuda

    An island nation in the Western Caribbean, Antigua and Barbuda is a beautiful country that relies heavily on tourism for its GDP. The applicants may choose to contribute either $125,000 to the National Development Fund or opt for a real estate investment of $200,000 in a Government-endorsed development zone.

  • Dominica

    The Commonwealth of Dominica boasts of a beautiful coastline and tropical rainforests. You may either invest $200,000 towards a pre-approved real estate project for at least five years or donate $100,000 to the Economic Diversification Fund.

  • Grenada

    Obtaining a second passport in Grenada would require you to contribute $150,000 to the National Transformation Fund. You may also choose to invest $200,000 in real estate instead.

  • St. Kitts and Nevis

    This small yet beautiful island nation offers three investment options. You may either donate $250,000 to the Sugar Industry Diversification Foundation, $150,000 to the Sustainable Growth Fund or invest $250,000 in real estate.

  • St. Lucia

    For a second passport in St. Lucia, you may either invest $300,000 in a government-approved real estate project or donate $100,000 to the National Economic Fund.

All the fees mentioned above are exclusive of processing fees, due diligence fees and service fees. The prices are also subject to change because those countries create sorts of promotions from time to time.

Apart from these countries, other cost-effective options include Turkey, Greece, Vanuatu, Malta, etc. You may also get your family members covered by investing some extra amount of money.

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