You know you want dual citizenship, and you want to know which is the easiest second passport to obtain. This guide has you covered.
Getting a second passport is a smart option for anyone and for a variety of reasons! So what’s holding you back? It’s never too late. No matter what it is that’s driving you to get a second passport, believe it or not, there are quick and easy opportunities out there. If you want the easiest second passport you can get, keep reading to find out your options!
The Way to the Easiest Second Passport You Can Get
There is no one-size-fits-all solution for the easiest second passport. Since everyone has different wants and needs in a second passport, the easiest route to citizenship in a second country will vary for most people. However, the easiest second passport you can get is not just about the place or country it is obtained in, but rather, the method. Citizenship by investment is easily the quickest and most simple route to go when you’re in search of a second passport. Here’s how it works.
What is Citizenship by Investment?
Citizenship by investment is the path of least resistance when it comes to obtaining a second passport. But what makes this method the way to the easiest second passport? Also known as economic citizenship, citizenship by investment is a shortcut for high-net worth individuals. This is the easiest way to get yourself a second passport because it enables individuals to acquire an additional citizenship by making a substantial economic contribution to another country. Essentially, economic citizenship is a way to buy a passport. Citizenship by investment can be done by successfully completing one of the programs, which can also be referred to as Immigrant Investor Programs. In exchange for a cash investment in the country, some programs grant full and permanent citizenship in a matter of months! Additionally, they don’t require any previous residency. And the best news about this method is that several countries offer it!
How Much Will it Cost Me?
It likely goes without saying that if you have a significant amount of cash to invest, the process of obtaining a second passport can be sped up. Citizenship by investment programs start at $45,000 per person. However, you’re better second passport options will be closer to $100,000 for the cheapest. The most decent economic citizenship programs can either be found in the Caribbean or in Europe. (We’ll discuss the countries to choose from later!)
4 Places With Citizenship by Investment for the Easiest Second Passport
1. St. Kitts and Nevis
First, St. Kitts and Nevis runs the original economic passport program, which has been around a while. The operation has enjoyed so much success, that other Caribbean programs have copied it. The requirements to the easiest second passport for St. Kitts and Nevis is really quite simple. Here’s how it works:
- You can donate money to the government’s Sugar Fund
- You can buy “approved” real estate
The better option is almost always the donation, since real estate is highly over-priced. The real estate investment will start at $400,000 and up. There are many providers ready to sell you an array of real estate, so you just may be able to find something you like. And while you can technically re-sell the property back in several years, you won’t get your money back. The real estate option will also involve extra government fees. If you choose to make a donation instead, you’ll be paying $250,000 for a single applicant. For a family of eight, you’ll be paying up to $450,000. There are fewer government fees with this option.
If you’re looking for not only the easiest second passport, but also the cheapest, check out Dominica’s second passport. Here, they offer the lowest-priced passport “for sale,” that’s available ever since Belize ended its $40,000 program years ago. As of August 2016, the cost for a second passport for a single applicant is $175,000. Prices can go up and over $400,000 if you’re looking to obtain passports for a family of five. Although Dominica recently started offering a real estate investment option as well, it’s highly overpriced, like most similar programs. Keep in mind that Dominica also requires economic citizens to speak “basic English,” but if you’re reading this article, you should be good to go! In the end, if you’re seeking a “budget passport” and don’t require a European citizenship, Dominica is the way to go, as it is the best value you can get.
The citizenship program in Antigua began in 2012 and held a unique requirement: citizens must live there for 35 days out of the first five years. The good news is, while it is a necessary requirement, it’s not too tough to do. Antigua’s investment options are also pretty standard. Fare for Antigua’s investment program is similar to that for most Caribbean passports. Pricing ranges from a $250,000 donation to the government, to a $400,000 real estate investment. With Antigua, you also have a third investment option: you can make a $1.5 million business investment. Antigua also offers the benefit of still allowing visa-free travel to Canada, so if you’re Canadian and looking for the easiest second passport as Plan B, Antiguan citizenship might be your best shot.
4. St. Lucia
The newest citizenship program to the Caribbean is St. Lucia’s. St. Lucia’s citizenship requirements were originally a bit more stringent, as they required you to have a net worth of at least $3 million. The good news is, that requirement was dropped this year. Additionally, the St. Lucia passport program dropped the required donation for citizenship significantly! While your best option, like in most Caribbean passport programs, is to make a donation, St. Lucia also allows you to invest in real estate or start a business. To donate, a single applicant will pay the recently lowered fee of $100,000 (this ties St. Lucia with Dominica as the least expensive usable citizenship program!). The donations and fees are also reasonable and are nice for families, as they allow dependent parents to be included in the application. If you wind up preferring to purchase real estate, the minimum qualification will be $300,000. The business investment option requires $3.5 million and the creation of three jobs. As you can see above, you have several simple options to choose from.
Which country from above would you want to get the easiest second passport from? Tell us your top choice and why!