Citizenship by investment (the second passport)
There are very few countries in the world, the legislation of which provides a unique opportunity to obtain citizenship and the second passport in a relatively short period (without residence requirement, language exams etc.). They include The Federation of Saint Kitts and Nevis, The Commonwealth of Dominica, Antigua and Barbuda, Grenada. These small independent Caribbean states offer fast and lawful acquisition of citizenship by investment.
Citizenship by investment (or “economic citizenship”) is in no way different from ordinary citizenship of these countries, but it is obtained through a specific procedure. This can be an investment into country’s economy in the amount not less than prescribed by the law, or acquisition of immovable property in the country at a prescribed value.
Citizenship by investment programs (which are referred to here) should be distinguished from complicated and multiple-stage procedures of getting temporary / permanent residence permit with further naturalization, which are offered by many developed countries. While in our situation, we consider a full citizenship without temporary or intermediate statuses.
When the second citizenship may be useful for you?
- It is difficult or impossible to get visa to the country you need due to political or bureaucratic reasons in your country.
- Your right to choose a country for life, work or investment is limited because of your current citizenship.
- You / your assets are at increased economic and legal risks in the country of your current citizenship.
- You are interested in Caribbean region in relation to business or permanent or periodic living.
Please note that your spouse, children and elderly parents can get the second citizenship simultaneously with you.
What are the benefits of the second passport?
The passport of one of the countries which offer citizenship by investments, allows you to:
- travel without visa to a wide variety of countries (including the countries of the Schengen zone, UK, USA etc.). For example, since 2015 holders of passport of the Commonwealth of Dominica can visit Schengen Agreement countries without visa. While the passport of St. Kitts and Nevis enables you to visit more than 150 countries, including the EU member-states, Caribbean and the majority of the countries of British Commonwealth. This country’s citizens can also obtain a long-term US visa;
- enter freely and live in the country the passport of which you possess;
- enjoy all the civil and political rights given by the local legislation;
- acquire property, including immovable, in the respective country;
- conduct business activities or get a job;
- open accounts in the banks of the British Commonwealth where with your current citizenship you may face denial of service due to belonging to a “high-risk” jurisdiction;
- transmit the citizenship to your children by birth, as well as give them good education in the countries of the British Commonwealth.
How to get the second passport?
Each of the four countries has its own citizenship by investment program established by the law. Therefore, the requirements to applicants, conditions and application processing timeframes may differ.
The procedure starts with gathering the required set of documents in respect of the applicant and (where necessary) his or her spouse and children. Provision of false information about the applicant or existence of criminal records entails denial of citizenship. If the local competent authority approves the application, and the investments requirements are fulfilled, the citizenship obtaining procedure will finish with issuing of passport of the respective country.
Click below to learn more about the citizenship obtaining procedure in each of the available countries:
For all questions related to terms, cost and timeframes of obtaining the second citizenship (citizenship by investment) in any of the above countries please contact our specialists.