Securing a second citizenship requires detailed planning and careful preparation. The process can be meticulous, but each required step is clearly defined and there are many resources available to help guide you.
While we recommend contacting us to get a free consultation, we’ve also provided an overview of the required steps below so you know what to expect.
This may sound like an obvious question, but citizenship by investment programs vary greatly by country, with each one offering a different set of benefits. To choose the best one for your needs, you need to determine your primary goal(s) for pursuing a second passport. The most popular ones include:
Each program entails a different investment amount and fees, so it’s important to consider cost requirements when choosing a country.
Financing your investment can be advantageous since you’ll be able to submit your citizenship application while having
Are you looking solely for a guaranteed return on your investment, or are you willing to take a chance on an “at risk” venture? A third, more philanthropic option is a non-returnable donation to a development fund in your country of choice.
You can secure residency or citizenship within a few months or a few years, depending on the respective country’s program.
Different programs have different physical residency requirements, so you’ll need to determine if you’re looking for a country to serve as a second home and place to conduct business, or simply as a means to secure other benefits. If you’re leaning toward the latter and don’t intend to reside in the country, you’ll need to make sure you can satisfy the program’s physical residency requirements. Otherwise, select a program that does not have such requirements.
Determine the geographic region to which you’re trying to gain visa-free access. Just as an example, is visa-free travel around the EU more important than visa-free access around CARICOM (Caribbean Community and Common Market)? Is your goal to secure visa-free travel to as many countries as possible?
Some countries offer better tax policies than others. Things to consider are tax rates, tax incentive schemes for new capital investment, or no double taxation agreements with other countries. Some countries have no capital gains tax, personal income tax, wealth tax, inheritance tax, or gift tax; no estate duty, and no income tax paid on income from dividends or interest. If the taxation aspect is important, choose a country that has the most advantageous policies.
If you plan to reside in the country or spend extensive amounts of time there for business, then the geographic location, climate, and infrastructure are important things to consider.
If you plan to reside in the country for extended periods of time, these are key.
Honestly answer all of the questions above and score the importance of each item on your list. This will help you narrow down your choices. Once your list of priorities is established, you’re ready for the next step: choosing you citizenship-by-investment program and country. We can help you match the right program to your goals, and guide you through the application process to secure a residency or citizenship in your country of choice.