The world is becoming increasingly globalized, and citizenship by investment is a trend that is on the rise. More and more people are interested in becoming dual citizens for the benefits it provides. First, you can travel freely between both countries and work legally in either one. The economic and political stability of a country are also important factors to consider when making the decision to invest in a second citizenship.
Moreover, you are protected by the laws of both countries. Investing in government-approved real estate through the citizenship-by-investment program is one great way to become a dual citizen. Also, investing in government bonds is another option. Below, are different pathways to becoming a dual citizen by investment.
Investing in government bonds
If you’ve always wanted to become a dual citizen, investing in government bonds may be the way to go. These bonds are great for many reasons, including funding specific needs of the government such as supporting the healthcare system in funding, education, and generally bolstering the economy of the country.
Citizenship-by-investment programs are increasingly popular as they are relatively quick to approve. Most countries require no residency prior to submitting your application. In fact, if you are opting for the citizenship in Caribbean countries such as Dominica, Grenada, Saint Lucia, Saint Kitts and Nevis, as well as Antiqua and Barbuda, there’s no residency requirement. But however, you’ll need to be of 18-years of age and also have a legitimate source of income.
Investing in Dominica
Investing in Dominica is an ideal opportunity to acquire citizenship in two countries. Dominica is a small country island in the eastern Caribbean sea surrounded by close neighbors of the French islands of Guadeloupe and Marie-Galante, to the north, and Martinique, to the south. It is a future candidate. This beautiful country offers many opportunities for investment, including a contribution to the government funding program and real estate.
Investment in Dominica requires an investment of $200,000 in real estate or a minimum of $100,000 contribution to the Economic Diversification Fund (EDF). Upon the approval of the investment, foreign nationals can become Dominican citizens and enjoy all the benefits of having a Dominican passport.
Investing in Saint Lucia
Investing in Saint Lucia is a great opportunity to become a dual citizen. This program is fast and easy but you must contribute to the Saint Lucia National Economic Fund (NEF) with the sum of at least $100,000 or $300,000 investment in the government-approved real estate.
The Saint Lucia passport has consistently been ranked as one of the best in the world, with visa-free access to over 146 countries. It is an island paradise with mountain ranges, lush rainforests, and turquoise water. As an investor, you can become a dual citizen by investment in less than 3 months. And what’s more, the Saint Lucia’s citizenship is hereditary. It doesn’t require any specific knowledge of the language or of the country’s history. And the islanders speak excellent English! You’ll be able to get your second passport in a few months.
Investing in Grenada
Investing in Grenada is one of the most lucrative opportunities to become a dual citizen, as the Caribbean country’s economy continues to grow. The economy is largely based on tourism, although the manufacturing and agriculture sectors are also flourishing. Grenada’s citizenship-by-investment program is widely and also regarded as one of the best in the world. Investing in Grenada means paying government fees and buying a home in the country. The citizenship process is also facilitated through investment in pre-approved real estate projects, with an average investment of $220,000 per unit and up to $440,000 in total.
One of the benefits of becoming a dual citizen by investment in Grenada is the favorable location. The country is outside the hurricane belt, meaning that tropical storms do not affect Grenada. Moreover, Grenada has an established government for the past 35 years and has undergone massive infrastructure improvements. This has led to the country growing in leaps and bounds, and investors appreciate this stability.