These Are The Best Of The Cheapest Second Passport Programs
If getting a second passport by naturalization or descent is not available to you, do not worry, as all is not lost.
Once you meet the requirements, you can apply for citizenship by investment or fast-track naturalization programs by donating to the country's government or investing in approved projects.
Many countries offer citizenship by investment programs, but which ones are the most cost-effective?
You can invest in real estate and get a second passport.
What Do You Mean By "The Cheapest"
The cheapest second passport and citizenship program depends on a variety of factors.
What do you mean by the cheapest? Is it the one that you pay less for or the one that makes more money for you?
Do you mean the cheapest for a family of four or just you?
Do you want the real estate investment or government donation options with the smallest investment?
To answer these questions, we have broken it down into four categories.
Cheapest Second Passport For Families
While Antigua is an attractive jurisdiction, it does not have the cheapest overall program because, in addition to the $100,000 minimum donation, you also have to pay a $25,000 application fee.
However, the donation and fee cover spouse, dependent children with no age restrictions, and dependent parents over 58 years old.
So, you can apply for yourself, your spouse, your three children, and your parents for just $125,000.
Additionally, you will have to pay for professional and due diligence Services.
Despite this, Antigua and Barbuda Second Passport program is the cheapest if you have a big family.
Antigua and Barbuda has the best second passport for big famalies.
Cheapest Second Passport Real Estate Option
Technically, Dominica is also cheaper. However, government fees make it a bit more expensive than Grenada.
The spice island grants citizenship to applicants that make a real estate investment of at least $220,000.
Grenada has one of the most extensive programs. It allows spouses, dependent children with no age restrictions, siblings, parents, grandparents (of the applicant), and their spouses to be part of the application.
Plus, Grenada is the only Caribbean CBI program with an E-2 treaty with the US.
If you're looking for a profitable investment that will get you a second passport? Grenda is your option.
Aerial View of St. George's, Grenada.
The Most Profitable Second Passport Option
Turkey has perhaps the most profitable passport simply because there are no restrictions regarding your real estate investment.
You can invest $250,000 in as many real estate projects as you want and wherever you want in Turkey.
Most CBI real estate options only allow you to invest in government-approved programs. While this prevents scams, it severely limits your chances to make money with your investment.
Most of these investments will be overpriced and not very profitable.
With the Turkish program, you can design an investment strategy that will earn you money, which will allow you to recover the investment you have made.
The Best Overall Cheapest Second Passport Citizenship By Investment Programs: Saint Lucia And Dominica
St Lucia and Dominica require the lowest investments by which you can receive a second passport. Thus, they are the cheapest second passport to acquire. You only need to make a minimum $100,000 donation to the government.
Which is the best of the two? It depends on many factors. Saint Lucia is a tourist hub and has access to visa-free, or visa-on-arrival travel to more than 140 counties and territories, while Dominica has visa-free or visa on arrival access to over 140 countries and territories. (Note that these numbers are continually changing).
So, your choice depends on what exactly you're looking to achieve.
If you think one of these second passport programs is ideal for your situation contact us and our associates will help you with the process.
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