What Is the Cheapest Passport by Investment in 2023?

TL;DR

The cheapest passport for citizenship by investment is from Dominica, costing around $130,000, including all fees. While it has less stringent due diligence checks and is slightly less respected globally compared to other options like Saint Kitts, it allows good access to visa-free travel, including the Schengen area.

Transcript

his wealthy expat here as you may know i got a second citizenship through investment from saint kitts and nevis and a lot of clients have asked me about my passport my story i've made many videos here on youtube what i haven't really talked about is how to get the best deal on a passport that you're gonna get what is the cheapest passport that you ... Read More

Key Insights

• 🙂 Dominica offers the cheapest passport for second citizenship by investment, but it is slightly less respected and has weaker due diligence checks.
• 🤱 The total cost for a Dominica passport is around $130,000, including donation, due diligence, and lawyer fees.
• 🥶 Dominican passport holders have good access to visa-free travel, including countries in the Schengen area and Asia.
• 💨 Dominica is faster in processing passport applications compared to Saint Kitts, taking around four to five months.
• 🛂 The Dominica passport program is recommended for individuals looking to save money and have a second passport for protection or better visa-free travel.
• 🛂 Dominica's passport is less recognized globally, and some governments are aware that passports have been issued to individuals involved in scandals or tax evasion.
• 🧑 Compared to other Caribbean countries like Saint Kitts and Antigua, Dominica offers a cheaper option for one person.

Questions & Answers

Q: What is the cheapest passport available for second citizenship by investment?

The cheapest passport, recommended by the speaker, is from Dominica. It offers good access to the world but has less respect and weaker due diligence checks compared to other countries.

Q: How does the cost of a Dominica passport compare to other options?

The total cost for a Dominica passport, including donation, due diligence, and lawyer fees, is around $130,000. This is significantly cheaper than passports from countries like Saint Kitts.

Q: Is the Dominica passport process faster than other programs?

Yes, the Dominica passport program can be completed in approximately four to five months from the moment of application. This makes it faster than some other programs, but still slower than Saint Kitts.

Q: Is it recommended to choose the real estate route for obtaining a passport in the Caribbean?

The speaker does not recommend the real estate route due to the potential risks of hurricanes, overpriced properties, and difficulties with resale. It is advised to opt for the donation route instead.

Summary & Key Takeaways

• The video discusses the cheapest options for obtaining a second passport through investment, focusing on the island of Dominica.

• Dominica offers passports with less stringent due diligence checks compared to countries like Saint Kitts.

• The total cost for a Dominica passport, including donation, due diligence, and lawyer fees, is approximately $130,000.