In most European countries, to be provided with citizenship rights will cost you to prove numerous years of legal residence within the country.
This grant of citizenship – also called economic citizenship – is sought after by wealthy people as a way to escape political unrest, manage the value of their wealth and enjoy greater flexibility to travel the world.
We list here below and compare these five island where you can buy your way in. They are ranged from the most expensive to the least.
- Cyprus: €2,500,000 to €5,000,000
Applicants are required to either
– make an investment of at least €2m in shares and/or bonds of the Cyprus State Investment Company and donate at least €0.5m to the Cypriot Research and Technology Fund, or;
– make an investment of at least €5m in Cyprus. The following types of investments qualify
- Property (but not undeveloped land)
- Cypriot businesses or companies
- Bonds, securities, debentures
- Investment or participation in public works, or;
– deposit at least €5m in a Cypriot bank for three years on fixed terms.
– own, or partly-own, a company which has paid a certain amount taxes and other fees to the Cypriot government and which employs a certain number of people in Cyprus.
Cyprus is part of the EU. As such, you gain the right to live, work and study in the EU and the right to travel to 157 countries visa-free, including the EU.
- Malta: starting at €1,050,000
Requirements: Applicants are required to make
– a non-refundable contribution of €650,000 to the National Fund and Economy of Malta,
– an investment in property of at least €350,000,
– finally, an investment of €150,000 in Gov bonds for the next five years.
Benefits: Malta is part of the EU. As such, you gain the right to live, work and study in the EU. As well as gain access to travel to 166 countries visa-free, including the EU.
- St Kitts & Nevis* & Antigua & Barbuda: $250,000
Applicants to St Kitts & Nevis Citizenship are required to make either
– a non-refundable contribution of US$ 250,000 to the national Charity
– an $400,000 investment in real estate in the country.
Exceptions* The program is now closed for applicants from Afghanistan and Iran.
Applicants to Antigua & Barbuda Citizenship are required to make either
– a contribution to the National Development Fund (NDF) of a minimum non-refundable amount of US$200,000 (for a single applicant), or;
– an investment of at least US$400,000 into one of the approved real estate projects, or;
– an investment of a minimum of US$1,500,000 directly into an eligible business as a sole investor or a joint investment involving at least 2 persons.
Along investments, both programs include significant administrative fees to be paid to the Government.
Citizens of Antigua & Barbuda and St Kitts & Nevis can travel like to 132 countries without the need to obtain a visa.
- Dominica: $100,000
Applicants are required to make
– an non-refundable investment of $100,000 to the Dominican Government and;
– Pay administrative fees associated with the application.
Dominica is a Commonwealth nation. Its citizens get special privileges in the UK, and can travel up to 91 countries, including Switzerland, without a visa.
Dominica’s economic citizenship does not require residency terms. Dominica allows dual citizenship.
This second citizenship is a legal way to reduce taxes; revenue generated outside of Dominica is tax free, it is not subject to capital gains tax, or inheritance tax or any other tax. The application process is strictly confidential, with no disclosure or exchange of information