Buying your residence or citizenship in another country has become a frequent practice, especially among residents in conflict or surplus countries. But this move is not cheap.
Rich people do not spend their money on private planes, yachts or hotels, but choose to invest in obtaining citizenship or residence in another country. 89% of Britons would like to have a second passport and 34% said they are interested in investing in a double citizenship.
Moreover, more than 80% of them said they are willing to invest or donate 5% of the annual salary for the second citizenship, more than the monthly rent.
Fortunately for the second passport or dual citizens, some countries offer citizenship programs such as Citizenship by Investment (CIP), whereby money normally invested in real estate can buy their second passport and can thus get the elite status that comes with the double citizenship package.
Canada, citizenship from $ 800,000. The Canadian Government has created a program to attract wealthy business people across the country, in return for which they can obtain permanent residence if they meet the following criteria: demonstrate that they have business experience, have a fortune of over $ 1.6 million and if the investor and his family pass medical and security assessments. In order to get the residence, an investment of at least $ 800,000 is required for a five-year period.
US, residing at $ 500,000.To get your US residence you need in the first phase of the green card. Two years after obtaining conditional residence, investors and their families become eligible for permanent residence. They have several options: $ 500,000 in a rural or high unemployment rate that would create 10 full-time jobs or direct $ 1 million in one US enterprise. Funds must remain invested until permanent resident status, usually lasting four years.
Dominica, a 100,000-dollar citizenship.Dominica is an attractive destination for residents in more than 110 countries because it does not require an access visa. For those who want to obtain citizenship in Dominica, this can be done in two ways: through a donation of $ 100,000 / person or $ 200,000 for a family with up to 4 members to the National Transformation Fund or a real investment estate of $ 200,000.
Cyprus, citizenship of 1.5 million euros. Until recently, Cyprus had the most expensive citizenship program in the world. Currently, it is the third country where double citizenship costs the most. Options include: real estate investments of at least 2 million euros or investments of at least 2 million euros in businesses or companies operating in Cyprus. Also in Cyprus you can get a residency if you buy a new property of at least 300,000 euros, you have a deposit of at least 30,000 euros blocked for three years and you have an annual income of at least 30,000 euros obtained abroad.