How much does it cost to become citizen of another country?

In most European countries, to be provided with citizenship rights will cost you to prove numerous years of legal residence within the country.

Exception made of a few islands in the Caribbeans, Malta and Cyprus where a handful of investment can get you a passport and full new citizenship straight-away.

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
Cypris citizenship is highly attractive to wealthy Russians, photo credit by Leonid Mamchenkov
Cypris citizenship is highly attractive to wealthy Russians.Photo credit by Leonid Mamchenkov

Requirements
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.

Benefits
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
Maltese Passport. Photo credits Jon Rawlinson
Maltese Passport. Photo credits Jon Rawlinson

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

    a panoramic view of English Harbour and southern Antigua from Shirley Heights by David Stanley
    a panoramic view of English Harbour and southern Antigua from Shirley Heights by David Stanley

Requirements
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.

Benefits
Citizens of Antigua & Barbuda and St Kitts & Nevis can travel like to 132 countries without the need to obtain a visa.

  • Dominica: $100,000
Photo Credit by Patrick Nouhailler
Photo Credit by Patrick Nouhailler

Requirements
Applicants are required to make

– an non-refundable investment of $100,000 to the Dominican Government and;

– Pay administrative fees associated with the application.

Benefits
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

**

Interested in economic citizenship? Ask Migreat for more information and for support with your application.

Need help with citizenship to the UK? France? Germany? Italy or Spain? Ask us for help on migreat.com

23 thoughts on “How much does it cost to become citizen of another country?”

  1. Pingback: how much | Hibkart
  2. I would like please to invest and stay in germany , i intend to open a project in germany , so shall you please inform me how to start ? And what information and details need to know ?
    Regards

    Like

  3. I am interested in getting more details and information about DominicaCitizenship and in applying to that program at a later stage.I look forward to receiving answers from your side soon.Thank you.Yours,Hassan

    Like

  4. I want to invest in export business in spain,and uk but will not be able to spend lot of time there, what are the exception for minimum stay requirements

    Like

  5. Iam a 45 yrs old having 7 chil. I like to be mlgrated in an easy investment country.
    I can afford a$100.000
    My children’s ages between 23&6yrs

    Like

    1. Hi Jamil,

      I am afraid to inform you that investment of $100,000 are too small to qualify you for a golden visa in most countries – though you might be able to apply to the Dominican or Latvian investor visa. These are the only two programs that offer permanent residence program at this price. I am not too experts on those yet.

      hope that helps,

      Like

  6. I am Nigerian with an MBA in oil and gas management from coventry university in England. I am looking to migrate too any of these 3 countries Australia, Canada, New Zealand and would appreciate all the info or help I can get.

    Like

    1. Hi Mahin,

      There are various options when it comes to investing for citizenship or residency. Depending on your investment capital and countries of interest, the requirements will vary. If you need more information, please get in touch with us using this link .

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s