Citizenship by Investment(CBI)
Citizenship by investment is the preferred pathway for investors to secure 2nd passport for themselves and their families. You will be surprised to know that the passports can be granted as short as three months. As of today, there are however, few countries that offer these golden visa programs.
One point to note is that there are countries that do not allow dual citizenship. Because of this, citizens from these countries, who do not want to give up their home citizenship, can only apply residency by investment. This other route will enable them to obtain permanent residency instead of citizenship. For those who are fortunate to live in the countries that allows dual citizenship, you have the privilege of obtaining a 2nd passport.
The cost of these citizenship programs can run from as low as US$100,000 to over $2M depending on the country. Investors may find the entry level Caribbean programs attractive as they have the reputation of being tax havens as well. Among the Caribbeans, Grenada is popular with certain investors because it has the E2 visa arrangement with USA.
Below are some reputable citizenship programs that are popular among investors.