Countries that Grant Citizenship Through Investment Programs in 2023
In the pursuit of global mobility and opportunities, many individuals are turning to Golden Visas as a means to secure second citizenship and residency in various countries. Here's a rundown of some Golden Visa programmes available and what they offer.
Golden visas do not automatically grant instant citizenship; they typically provide the right to reside in the country. For instance, Vanuatu's golden visa allows the holder to live and work in the country, but does not extend the right to vote in local elections.
Different countries have different investment requirements for their Golden Visa programmes. In Grenada, applicants need to invest a minimum of $220,000 in a government-approved property or make a $150,000 donation for single applications and $200,000 for couples and families of four to the National Transformation Fund. Antigua and Barbuda offers options such as real estate investment, business development, national development fund contributions, or university donations. To qualify for the Turkey golden visa program, one can make investments in real estate, capital transfer, or local job creation.
Some countries, such as Austria, China, India, Ukraine, and Cuba, do not recognise dual citizenship. However, obtaining a second citizenship through a golden visa will result in a physical passport for the country where you apply, granting the right to reside in the country without the need for a visa or residence permit.
The process of obtaining a second citizenship through a golden visa can be complex, and working with an immigration lawyer is recommended to simplify the bureaucratic process.
When it comes to cost and speed, Vanuatu offers one of the quickest and cheapest citizenship by investment options, with prices varying for individuals, couples, families, and additional family members. St. Kitts and Nevis, on the other hand, does not require a minimum stay to obtain citizenship, and grants visa-free access to 160 countries in 90 days.
Several countries offer the opportunity to include family members in the application, such as St. Lucia, which allows applicants to include spouses, dependents, parents, and siblings. St. Lucia's golden visa program also has different tiers of investment, including the National Economic Fund, Real Estate, National Action Bond, and Enterprise Investment.
It's important to note that immediate citizenship is not offered via Golden Visas in most cases. For instance, the UAE and Uruguay grant long-term residence permits but require several years before citizenship can be applied for.
In 2023, seven countries offer golden visa citizenship by investment. These include Antigua and Barbuda, Grenada, St. Kitts and Nevis, St. Lucia, Turkey, Vanuatu, and Austria.
For those considering a Golden Visa application, Nomads Embassy offers assistance with immigration lawyer services to guide you through the process.
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