Looking to buy citizenship? We’re sharing the least expensive options out there. Read on for a rundown of where you can find the cheapest second passport.
With the purchase of a second passport comes freedom in the way that it is a guarantee of international mobility. No matter what your reasons may be for wanting the power of a second passport, of course you don’t want to dole out more money than necessary, right? Instead, you want the cheapest second passport you can get.
If you’re on the hunt for an inexpensive second citizenship, you’re in the right place. Check out your options below for the cheapest second passport you can get in the top 6 countries where it is the cheapest to purchase citizenship.
The Top 6 Places With The Cheapest Second Passport
Dominica wins first place for the least expensive of the Caribbean passports. A family of four can obtain economic citizenship and second passports from here for less than the cost of a single passport from most places–even those with some of the most inexpensive second passports!
This #1 cheapest second passport for the Caribbean will cost a family of four (applicant, spouse, and 2 children under 18-years-old) about $250,000. If you have more than 2 little ones, you will pay $25,000 for each additional child under age 25. Once you’ve calculated in filing, registration and professional fees, you can expect to pay a total cost of $350,000 for your Dominica citizenship. However, Dominica offers other options available for as little as $100,000 plus government legal fees. The $100,000 non-refundable donation for a single applicant goes towards promoting tourism and building public works projects. Once you’ve calculated in legal and government fees, the price a single applicant should expect to spend is around $175,000.
St. Kitts and Nevis
Some places in need of funds have been offering “citizenship by investment” programs. Among the countries offering these popular programs is St. Kitts. If you’re looking to live in a tax-free place, give St. Kitts and Nevis a try. You can make a $250,000 donation to the government’s Sugar Fund and get a passport in a number of months! St. Kitts is regarded as the original citizenship by investment program. It’s a well-run model that has been emulated time and time again. Don’t worry about travel or tests, as you never need to visit St. Kitts nor take a citizenship test.
Currently, St. Kitts is the cheapest second passport–not to mention the most reliable–that provides easy travel to Europe. In fact, St. Kitts has become the #1 seller of second passports in the world If you don’t want to make the $250,000 “donation” to the sugar fund, your other option is to invest at least $500,000 in real estate. You can expect to pay a little more than $300,000 for one person–this includes legal fees. For a couple, the cost will calculate closer to $400,000 for the duo. This option is much cheaper than buying “approved” real estate to qualify.
One of the best values for the cheapest second passport in 2016 was St. Lucia. The second passport program in St. Lucia was new for 2016 and modeled after the Bulgaria citizenship program. Because of the program’s young age, very few second passports have been granted for St. Lucia.
For this cheapest second passport, you have two options. You can either buy the passport for $200,000 to $250,000, or you can invest $500,000 to $550,000 in government bonds for five years. You could even say that the St. Lucia second passport program allows you to double your money in 5 years. Instead of paying $250,000, you invest $550,000. Although the investment is more pricey, you get a passport immediately, and your capital is returned in 5 years. St. Lucia is an especially great deal when compared with its Caribbean neighbors. The 238 square mile sovereign island country is a fraction of the cost because you get your investment capital back. The total cost would include fees in addition to interest lost / opportunity cost of the capital invested in government bonds.
Antigua and Barbuda
Similar to St. Kitts, you can purchase an Antiguan passport for a donation or an investment in real estate. The St. Kitts and Antigua and Barbuda cheapest second passport programs are mirror images of each other.
The donation will cost you $275,000, while the investment in real estate will equal $500,000 plus about an additional $60,000 you can factor in for fees. Also like St. Kitts, the Antigua passport gives you visa-free travel to 132 countries.
Comoros Islands citizenship is rarely discussed as an economic citizenship, however, it does offer one of the cheapest passports “for sale.” Likely, Comoros Islands citizenship is not mentioned when discussing the cheapest second passport you can buy because there are a few drawbacks. First of the drawbacks is that the passport offers visa-free travel to about 45 countries. Most of the countries are in Africa, Asia, and central America. This means that Comoros citizenship is not necessarily good for renouncing your citizenship. However, if you’re not a US citizen, it could be useful as a so-called banking passport. One of the great things about a second passport from the Comoros is not only the awesome price, but the process is also super easy. In fact, the process is probably the simplest second passport program you can invest in.
The cost to become a Comorian citizen prices in at only $45,000 per adult. This cheap cost is about one-third of the price tag of the next cheapest option. Also, fees are relatively low.
While Guatemala does get some bad press, it’s also a popular upmarket tourist destination. Famous for its breathtaking coral beaches, vast rain forests, and legendary Mayan ruins, who wouldn’t want to consider a second citizenship here? Especially when the price is right! Guatemalan citizenship is popular amidst the business worlds of the US and Europe. Owners of Guatemalan citizenship enjoy enhanced access to the country’s discreet banking, tax-shelters, and tax system.
You can get a Guatemalan citizenship for as cheap as $60,000. What’s just as exciting as the price is that it can be received in just 45 days!
Are you currently in the process of getting a second passport or perhaps looking for the cheapest second passport you can get? After reading best deals for second passports above, which country are you most likely to buy a second citizenship in? Tell us what your top choices would be and why in the comments section below!