10 Best Countries to Buy Citizenship by Investment in 2021 | Summary and Q&A

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August 5, 2021
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Wealthy Expat
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10 Best Countries to Buy Citizenship by Investment in 2021

TL;DR

Explore the top citizenship by investment programs, including options in the Caribbean, Europe, and the Pacific, to lower taxes and obtain a second passport.

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Key Insights

  • πŸ‡°πŸ‡³ Caribbean citizenship by investment programs in countries like Saint Kitts and Nevis offer zero percent tax rates and reasonable investment requirements.
  • 🏀 Malta's citizenship by investment program is the most expensive option but provides access to top countries and a European passport.
  • πŸ‘€ Turkey's program offers a cost-effective option for those looking to enhance their existing passport portfolio.
  • πŸ˜€ Montenegro's program is facing pressure from the EU and may be canceled soon.
  • πŸ‡²πŸ‡° North Macedonia's upcoming citizenship by investment program has potential limitations and uncertain future due to EU pressure.
  • πŸ–€ Vanuatu's program is considered shady and not recommended due to unclear costs and lack of structure.
  • πŸ—ΊοΈ Consider one's net worth, income, and desired travel privileges when choosing a citizenship by investment program.

Transcript

hey travel cintron here teaching you what i've learned to lower my taxes from 40 something percent to zero percent and acquire a second passport by investment in order to quit my us passport today we're going to talk about the best citizenship by investment programs in the world available to you right now and in the next 12 months in the next year ... Read More

Questions & Answers

Q: What are the benefits of obtaining a second passport through a citizenship by investment program?

Obtaining a second passport through a citizenship by investment program allows individuals to enjoy tax savings, increased travel privileges, and the ability to live or do business in other countries with ease.

Q: Are all citizenship by investment programs reputable?

Not all programs are reputable, and it is essential to do thorough research and due diligence before investing. Avoid programs with murky marketing or unclear costs, and ensure the country has a good reputation and stringent background checks.

Q: Is Malta the best option for European citizenship?

Malta offers a high-quality passport with access to top countries like the US, UK, and Canada. However, it comes with a high price tag, requiring over a million dollars in investment. Consider other European options like Portugal's Golden Visa for a cheaper alternative.

Q: Can Turkey's citizenship by investment program be added to existing passports?

Yes, Turkey is a popular choice for adding to existing passport portfolios due to its reasonable investment requirements. It can be a powerful addition for individuals looking to travel to the Schengen Area and the US.

Summary & Key Takeaways

  • There are nine citizenship by investment programs, with options in the Caribbean, Europe, and the Pacific.

  • Caribbean programs in countries like Saint Kitts and Nevis and Dominica offer zero percent tax rates and require investments ranging from $100,000 to $150,000.

  • Europe offers programs like the expensive Malta citizenship by investment program, while more affordable options like Turkey and Montenegro are available.

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