Dual citizenship has several advantages, including increased global mobility, economic possibilities, enhanced standard of living, and better security. However, the process of obtaining dual citizenship may be tedious and usually has a long timeline. Usually, to naturalize (obtain citizenship) in any country, you need to be a resident of that country for at least 5 years. However, you can fast-track this process by investing in the country, usually as a donation to the government or by purchasing a house or other real estate in the country.<\/p>\n

This process is known as citizenship by investment and is only offered by a few countries. Other countries offer fast-tracked residency by investment or \u201cgolden visa\u201d programs that provide instant residency of the country, followed by accelerated citizenship.<\/p>\n

Let\u2019s take a look at the top 5 citizenship by investment countries.<\/p>\n

<\/p>\n

1. St. Kitts and Nevis<\/strong><\/h4>\n

St. Kitts and Nevis offer the\u00a0cheapest citizenship<\/a> by investment in the Caribbean with the best facilities. The process includes the applicant, who must be a minimum of 18 years old, meeting all application requirements, and then choosing one of the two available investment options:<\/p>\n

\n
• A donation to the Sustainable Growth Fund of $150,000 for a family of one to four individuals.<\/li>\n
• Purchase of real estate, that is resalable after 7 years, for a minimum of $200,000<\/li>\n
• Alternatively, a purchase of real estate that is resalable after 5 years for a minimum of $400,000<\/li>\n<\/ul>\n

  Some benefits of a St. Kitts and Nevis citizenship include a short processing time of 3 to 6 months, no minimum stay requirement, and access to 157 destinations including the UK, Russia, Singapore, Hong Kong, and other European countries in the Schengen area<\/a>.<\/p>\n

  2. Turkey<\/strong><\/h4>\n

  Turkey is a rare\u00a0European citizenship by investment\u00a0opportunity that also provides you with part-Asian citizenship since the country is located partly in Europe and partly in Asia. It is also in communication with the European Union (EU) for full membership. Once the membership is negotiated, you can obtain an\u00a0EU\u00a0citizenship by investment<\/a>.<\/p>\n

  Investment options include purchasing real estate in Turkey worth a minimum of $250,000 plus processing fees. The amount was 1 million USD before being changed in 2018. The processing time for obtaining dual Turkish citizenship is between 6 and 9 months from the submission of the application to its approval.<\/p>\n

  The current key benefits of Turkish citizenship include access to over 111 destinations including almost all countries in Asia and a renewable USA E-2 investor visa for 5 years.<\/p>\n

  3. The UK<\/strong><\/h4>\n

  The\u00a0UK citizenship by investment<\/a>\u00a0programs are not citizenship programs but residency programs, also known as the \u201cgolden visa\u201d programs. The United Kingdom offers a Tier 1 (Investor) visa program.<\/p>\n

  The\u00a0golden visa price\u00a0is at least \u00a32 million in the UK and the applicant must meet other visa requirements. Visa holders are allowed to stay in the UK for a maximum of three years and four months, with the option of applying for a two-year extension.<\/p>\n

  After 5 years or less, the visa holder can apply for residency. The waiting period is directly proportional to the investment made \u2013 the larger the investment, the shorter the waiting period to apply for citizenship.<\/p>\n

  4. Portugal<\/strong><\/h4>\n

  Similar to the UK, the\u00a0Portugal citizenship by investment\u00a0program is also a golden visa program<\/a> and provides accelerated residency of the country which can be fast-tracked for citizenship. Portugal introduced the golden visa program during the Great Recession to attract higher investments in the country\u2019s housing market.<\/p>\n

  You can live and work in Portugal on a golden visa and also enjoy visa-free travel across the European Schengen area.<\/p>\n

  5. Spain<\/strong><\/h4>\n

  The\u00a0Spanish citizenship by investment\u00a0program is also a residency program just like Portugal and the UK and provides instant European residency. The golden visa is renewable every 2 years and you can get permanent residency after 5 years, and citizenship after 10 years.<\/p>\n

  The minimum investment is EUR 500,000 in real estate plus taxes and other fees. You can live and work in Spain and enjoy visa-free or visa-on-arrival access to more than 100 countries including all the countries in the Schengen Area.<\/p>\n

  Other countries<\/strong><\/h4>\n

  Apart from the top 5 countries mentioned here, you can apply for citizenship by investment\u00a0programs<\/a> in many other countries. You can also apply for golden visa programs such as the\u00a0golden visa UAE<\/a>. The cost of the golden visa differs by country but it offers all the residency benefits immediately including the ability to live and work in the country and access to many other countries.<\/p>\n

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  Dual citizenship has several advantages, including increased global mobility, economic possibilities, enhanced standard of living, and better security. However, the process of obtaining dual citizenship may be tedious and usually has a long timeline. Usually, to naturalize (obtain citizenship) in any country, you need to be a resident of that country for at least 5…<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[321],"tags":[],"class_list":["post-72626","post","type-post","status-publish","format-standard","hentry","category-purchasing-foreign-citizenship-en"],"acf":[],"yoast_head":"\n