Why do people want second citizenship? Which countries are suitable for this? What are investment programs and how much money is needed to purchase a passport? You will find the answers to all these questions and much more in the article below.
It’s known that some countries offer more favorable business conditions than others. Entrepreneurs are ready to buy the second residency to gain access to low tax rates, new financial instruments, and markets. They are also attracted to governments that friendly host foreigners and keep their activities private. Besides, passport by investment is beneficial financially and much faster than other methods that require a few years to be spent in the country.
Alternatively, you can enjoy other benefits of another country’s citizenship, such as:
Different countries offer different conditions, so the list can be supplemented with other features. An important detail is that you also can buy citizenship by investment for the whole family, including children and parents.
If you decide to purchase second citizenship, contact specialists for help. Migronis offers about 20 countries in Europe and the Caribbean to choose from. Their people aren’t afraid of difficulties and are focused on success. The company has representatives in all countries where they propose to obtain a passport, which eliminates the need to work with intermediaries. Migronis Citizenship services are described on their website in more detail.
Those wishing to participate in the migration by investment program must meet the requirements. It’s not difficult, because the main thing is to conduct a legitimate business, have no criminal records and sanctions on travel. The process of obtaining residency consists of the following steps:
Many countries don’t require your presence when applying for and obtaining a passport. Further residence in the country is also not needed.
Malta, Cyprus, Portugal, and Montenegro offer the most attractive conditions for obtaining a residence by investment. After purchasing citizenship, you can move around the EU freely. The minimum cost of a European passport is €300,000 euros for 1 person. Verification deadlines vary by country. For example, the Cypriot government issues passports 2-3 months after filing an application. While Malta requires 14-16 months of waiting.
The Caribbean is considered one of the popular offshore zones. It attracts foreigners not only with profitable business opportunities but also with cheap citizenship programs. Islands such as Dominican Republic, St Lucia, Antigua and Barbuda, Grenada and others require an investment of only $100,000 and higher. The application evaluation period is always about 3 months. Caribbean passport holders always have access to an exotic vacation place.