Second passport by financial contribution
One the most common ways to apply for a second citizenship is by making a financial contribution. Several countries provide such an option, however, legal requirements as well as volume of investment are different everywhere. It is highly recommended to discuss double citizenship solutions with professional immigration agents prior to proceeding, as not all the countries in the world legally accept double citizenship.
Some of the countries require a more complex contribution, comprising of several different types of investments. Such system provides less flexibility, but helps establishing a genuine connection with the country of citizenship.
Second passport by financial contribution on Malta
All the foreigners who wish to relocate to Malta are welcomed to obtain country’s citizenship through the Malta Individual Investor Program (IIP), without having the knowledge of Maltese language or studying the history of the country. Immigrants can also retain their own nationality and passport while becoming Maltese citizens.
In order to acquire a second citizenship of Malta on the grounds of making a financial contribution to the Malta’s National Development and Social Fund, the following requirements must be met:
- Main applicant shall invest – 650 000 EUR;
- At least 150 000 EUR worth, which should be identified by Identity Malta and commit to keeping the investment for at least 5-year period;
- A property on Malta, which is worth not less than 350 000 EUR should be purchased for at least a 5-year time period; or
- Leased for at least a 5-year time period with a minimal annual rent of 16 000 EUR.
Second passport by financial contribution on Dominica
Dominica’s ’Economic citizenship by investment’ program allows acquiring double citizenship and passport to investors who agree to make a contribution to Dominica’s development. This citizenship program is believed to be one of the cheapest not only among other countries in Caribbean region, but all around the world. Dominica offers lifelong citizenship without neither prior residency, nor in-person interview requirements.
In order to become a Dominica citizen, an investor needs to make the following financial contribution: non-refundable 100,000 USD contribution to Government Fund (plus fees: total of 11,325 USD).
Second passport by financial contribution on Antigua & Barbuda
Established in 2013, Citizenship by Investment Program of Antigua and Barbuda is among the newest double citizenship programs in the world. Antigua and Barbuda is considered as the best option for investors who not only want to obtain a second passport, but actually want to live in this beautiful Caribbean island. As a proof, numerous celebrities, such as Oprah Winfrey, Eric Clapton, Domenico Dolce, Giorgio Armani and Stefano Gabbana have chosen this country to be their vocational spot or even a second home.
In order to become a citizen of Antigua and Barbuda, an investor needs to make the following financial contribution: a non-refundable contribution of 250,000 USD to the National Development Fund.
Second passport by financial contribution on St. Kitts & Nevis
St. Kitts and Nevis government offers a citizenship by investment program through a Citizenship Act established in 1984, making it the oldest double citizenship program in the world. While the initial and only option for obtaining a second passport was to invest in an approved real estate project, since 2006, it is possible to make a charitable contribution to a Sugar Industry Diversification Foundation (SIDF), which was established in order to support displaced sugar industry workers.
In order for an investor to qualify for a St. Kitts and Nevis citizenship, it is required to make the following financial contribution: non-refundable charitable contribution of at least 250,000 USD to SIDF. For an investor with family: minimum of 300,000 USD is required. This includes an investor and three dependants (plus fees: 7,500 USD for the investor, 4,000 USD per one dependant).
Second passport by financial contribution on Grenada
Established in 2013, Grenada Economic Investment Program (GEIP) is one of the newest double citizenship programs in the world. Nevertheless, it is also believed to be one of the most competitive and safest contributions in exchange for a second passport. The program offers a possibility to investors to become a citizen of Grenada in exchange for a direct investment in the National Transformation Fund (NTF) established to develop Grenada’s infrastructure, business environment and economy in general.
In order to receive a Grenada citizenship, an investor is obliged to make the following financial contribution: non-refundable 200,000 USD contribution to NTF (plus fees: total of 8,000 USD per person).
Second passport by financial contribution on Cyprus
The government of Cyprus has developed various incentives in order to attract foreign direct investment into Cyprus. Citizenship by investment program can be considered as one of them and grants full citizenship and second passport to investors and their family members along with full benefits of living, working and studying in European Union. The program was developed by Cyprus Developers Alliance together with an internationally known auditor company KPMG and has already attracted more than 3 billion EUR of foreign direct investment.
Any eligible investor who wants to become a citizen of Cyprus can apply through Citizenship by investment program and after fulfilling several financial and other requirements will be granted a second citizenship and second passport of Cyprus with full benefits including free movement in Schengen zone. The financial contribution of 2 million EUR can be invested in several different ways:
- A purchase or a creation (full or partial) of an eligible business based and operating in Cyprus. The business is required to demonstrate a tangible presence in the country and employ at least five citizens of Cyprus; or
- Investment in Alternative Investment Funds or Cypriot businesses licensed by the Securities and Exchange Commission in the form of stock or debt securities; or
- A combination of the above options, provided that the total contribution is at least 2 million EUR. In this case, an applicant can also purchase special government bonds of Cyprus in the amount of up to 500 000 EUR.