The Next Passport I'm Buying: Citizenship by Investment | Summary and Q&A

TL;DR

Wealthy expat discusses the attractiveness of the North Macedonia citizenship by investment program and its potential benefits, such as fast processing time and access to the Schengen area.

Key Insights

• 🇲🇰 The North Macedonia citizenship by investment program offers two investment options, making it flexible for different investors.
• 💨 The program promises a relatively fast processing time of two to five months, which is appealing compared to other programs.
• ♿ Access to the Schengen area and countries with visa-free entry for Schengen visa holders makes the North Macedonia passport attractive to those with Caribbean passports or concerns about losing access to the Schengen area.
• 🧡 The affordability of the program, with a minimum investment of 200,000 euros, makes it accessible to a wider range of individuals.
• 🈸 The program's lesser-known status compared to other citizenship by investment programs may result in less scrutiny during visa applications.
• 🇸🇻 The wealthy expat is also considering alternative programs such as the Portuguese Golden Visa and potential future programs like the Bitcoin citizenship by investment in El Salvador.

Transcript

hey it's a wealthy expat here as you know if you watch this channel i bought a citizenship through citizenship by investment of saint kitts and nevis i'm very proud of my passport and i'm also looking at other passports that i could potentially buy in the last couple of weeks i'm really considering getting another passport now that i'm not going to... Read More

Questions & Answers

Q: What are the requirements for obtaining North Macedonia citizenship through investment?

The program offers two options - investing 200,000 euros in a private investment fund for at least two years or investing 400,000 euros in new facilities employing at least 10 people for at least one year. Applicants also need to provide a resume and proof of financial standing.

Q: How long does it take to obtain citizenship through the North Macedonia program?

The program promises a processing time of two to five months, which is relatively fast compared to other citizenship by investment programs.

Q: What are the potential benefits of obtaining North Macedonia citizenship?

One major benefit is access to the Schengen area, as well as the ability to visit countries that may have stricter visa requirements for other passports. Additionally, having a passport from a less well-known program may result in less scrutiny during visa application processes.

Q: How much should one budget for fees related to the North Macedonia citizenship by investment program?

It is recommended to budget around 20,000 to 30,000 euros for fees related to the program, including legal fees, due diligence, and passport processing.

Summary & Key Takeaways

• The wealthy expat is considering obtaining another passport through the North Macedonia citizenship by investment program, as they believe it offers attractive benefits.

• The program requires either a 200,000 euro investment in a private investment fund or a 400,000 euro investment in new facilities employing at least 10 people.

• The processing time for obtaining citizenship is promised to be between two to five months, making it faster than other passport programs.