Ultimate Guide to Citizenship by Investment

Ultimate Guide to Citizenship by Investment
July 28, 2021

Citizenship by investment has been rising in demand lately. PassPro is a Government Authorized Agent for all the countries providing a Second Citizenship without residency as a requirement (namely Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia, Cyprus). We are Headquartered in Dubai, UAE, with offices around the region. PassPro brings together over 20 years of combined expertise in dual citizenship planning, regulatory compliance, financial due diligence, and real estate consultancy.

As per the legislation of each respective country listed above, the citizenship is granted via investment (provided that the applicants pass all of the due diligence checks).

The citizenship of these programs is obtaining in a much faster way than the conventional immigration process. Indeed, citizenship can be approved in as little as 3 months!

At PassPro, have tremendous experience in guiding applicants through citizenship by investment programs.

The Advantages of Holding Caribbean Citizenship

  • Visa free access to over 130 countries including UK (6 months out of a calendar year as it is a member of Commonwealth), Schengen Zone, Hong Kong, Singapore, and Russia.
  • Spouse, dependent children, and siblings can be included under one application.
  • Caribbean countries do not require you to renounce your current citizenship, allowing you to hold dual citizenship.
  • No residency requirement.
  • Caribbean countries are member of CARICOM, United Nations and Commonwealth of Nations.
  • Irrevocable Second Citizenship for life - citizenship certificate and passport are received from the government.
  • No taxation on worldwide income.
  • More business opportunities.
  • Processing timeframe of 3 to 6 months.

Why Opt for a Second Citizenship?

If you are seeking to enhance your standard of living and get access to better education for your children as well as a safe space to reside, a Legal Second Citizenship by investment is a suitable option for you. The best part is that you secure yourself and your family and coming generations with it.

Benefits of Dual Passport

Being a citizen of a country, as opposed to a temporary resident, provides more than just a sense of belonging – it invites you to engage with the country completely, including its economy, laws and investment potential. Indeed, obtaining citizenship as a permanent legal status puts you in a position of strength whereby you enjoy equality with all other citizens of the nation, for the rest of your life. You will have the same rights and opportunities as someone who was born there. This includes the right to travel freely overseas and return on the passport of that country, and to take up opportunities available to nationals. Put simply, obtaining a second citizenship can be a life-changing move that opens the door to better prospects around the globe. It comes as no surprise, then, that it is increasingly being viewed as one of the most powerful investments you can make. While the motivations vary according to the applicant, for many people, enjoying visa-free travel to up to 80% of the world (depending on the program you choose) is a major draw card, which can allow you to be much more flexible when it comes to living your life and running your business.

Ways to Acquire Citizenship?

It may surprise you to learn there are a number of different ways that citizenship can be recognized or granted. What’s more, each country has its own policies, regulations, or criteria as to who is entitled to citizenship, and how to obtain it. We highlight a selection of the most common ways you can be granted citizenship…

Place of Birth

A common way for citizenship to be determined is by place of birth – this is called jus soli (a Latin phrase meaning ‘right of soil’). A selection of countries currently offer unrestricted jus soli, including Canada and the US. Restricted jus soli is practiced in a number of other destinations, requiring that at least one of the child's parents be a citizen, national or legal permanent resident of the country at the time of the child's birth, or that at least one parent has resided in the country for a specified period of time. The rules vary from country to country.

Via the Parents

There is also jus sanguinis (meaning ‘right of blood’), where the nationality of an individual is determined by the nationality of one or both of the parents, irrespective of where he or she is born. Several countries also grant citizenship by descent up to two or three generations of ancestorship.

By Naturalization

If you have long been settled abroad, you may be eligible to apply to be naturalized in order to become legally recognized citizen of that country. Several countries offer this although there are specific requirements, like having been a legal resident for a certain amount of time, the intention to continue living there, having a good command of the local language, and demonstrating a good character.

Citizenship by Investment

Jus pecuniae, the acquisition of citizenship through financial contribution, is a quick and simple legal route to acquiring a second citizenship with investment programs becoming increasingly competitive.

Selected countries have been offering this for more than 30 years, with Antigua and Barbuda, Cyprus, Dominica, Saint Kitts and Nevis, Grenada, and Saint Lucia among the most popular programs currently available. Each offers a number of ways to invest and different benefits alongside.

Which Countries Can You Obtain a Legal Second Citizenship from?

PassPro can assist you in obtaining a Legal Citizenship by Investment from countries like Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, Grenada, Commonwealth of Dominica, or Cyprus.

The main benefit from these passports is that the passport-holder can access over 130 countries around the world visa-free (including Schengen, the UK and major business hubs).

Listed below are the details for each program.

ANTIGUA AND BARBUDA

A very well-known option among second citizenship applicants is Antigua and Barbuda, which is a twin island on the Caribbean Sea's eastern shore. This country is mostly known for its lush green jungle and stunning seascapes. Renowned for having the strongest passport in the Caribbean, it allows citizens to readily travel to major economic centers such as the United Kingdom, Hong Kong, and Singapore. It is important to note that the citizen of this country is not subject to capital gains or real estate taxes. To be eligible to apply, the applicant does not need to be familiar with the country's history, trivia, or local language.

Antigua and Barbuda offer applicants to fly to over 150 countries without going through the visa application process. The country's current population is approximately 94,000, and their currency is XCD tied to US Dollars. An investor can opt apply for National Development Fund or Real Estate Investment Fund to apply for citizenship. The investor can apply as a single applicant, with his/her spouse or with close family members (children, parents, siblings – subject to the legal conditions to be eligible for dependency).

Qualification Requirements for Citizenship

  • At Least 18 years of age.
  • No criminal records.
  • A legitimate source of income proof.
  • Good health.
  • Should clear due diligence checks and gain approval.
  • Spouses, Children under the age of 30 and parents of 55 years age are eligible to receive citizenship as dependents.
  • Siblings of any age are eligible to receive citizenship as dependents.

With fulfilling above criteria, within 3 months the investor can have the citizenship.

CYPRUS

The key to 80 percent of the globe is your citizenship in Cyprus. You can work, reside, and study anywhere in Europe if you have this nationality. Cyprus's Exception Scheme for Residency accelerates the citizenship application procedure. Cyprus is a stunning Mediterranean island with fantastic business potential for those wishing to expand. This country works on a high-income economy with tremendous opportunities for tourism, shipping, real estate, and economic sectors.

Qualification Requirements for Citizenship

  • No Frozen Asset in EU.
  • No Rejection from other EU State.
  • At Least 18 years of age.
  • No criminal records.
  • EU citizens should have valid Schengen Visa.
  • Applicant needs to live minimum 6 months before prior to residency.
  • Dependents who are eligible to be included under this program:

Spouse and Children up to age 28, financially dependent and unmarried.

Parents but only after the applicant invests in an extra residential property within the country.

With fulfilling above criteria, within 3 months the investor can have citizenship. By 6 months completion of stay naturalization certificates are provided.

DOMINICA

Dominica grants its citizens visa-free access to over 130 countries. Filled with picturesque mountains, colonial monuments and covered in white sandy beaches, it is the most beautiful island country to be in. Below we discuss the qualifications to apply for the program.

Qualification Requirements for Citizenship

  • 18 years of minimum age.
  • Clean criminal records.
  • Mandatory checks and gain approval.
  • A legitimate source of income proof.
  • Good health.
  • Dependents who are eligible to obtain a Dominica passport along with the principal applicant includes:

Spouse, Children under the age of 30 and Parents and Grandparents, if they can be economically dependable on the investor and single siblings up to age 25.

With fulfilling above criteria, within 3 months the investor will receive citizenship.

SAINT KITTS AND NEVIS

By applying for a citizenship by investment in St Kitts & Nevis, you can travel to 150+ countries. Moreover, it is not mandatory for applicants to reside in the country in order to obtain the residency. The process is quick and hassle-free, resulting in you receiving your passport within 6 months. With its magnificent mountain and island scenery, this place will bring you peace of mind. You don’t even have to learn the local language to be a part of it.

Qualification Requirements for Citizenship

  • Clean criminal Records.
  • Undergo Biometric due diligence check.
  • Confirm legitimacy of their economic source.
  • At Least 18 years of age.
  • Good health.
  • Spouse and Children under the age of 18 or Adult child under the age of 30. Parents above 55 years of age are eligible along with the applicant.

GRENADA

With this citizenship, the citizen can have access to 130 visa-free countries and business tycoons countries such as China, Singapore, Russia, Schengen Zone and the UK. This Caribbean country is blessed with exotic wildlife, beautiful beaches and amazing structures and an apt location.

Qualification Requirements for Citizenship

  • Minimum 18 years of age.
  • No Criminal Record.
  • Clear the due diligence checks.
  • Legitimate financial sources.
  • Good health.
  • Spouse, Children under the age of 30, Parents above the age of 55 and single 18 years old sibling can be considered as dependents.

The citizenship time period can be between 4-8 months.

SAINT LUCIA

This is considered as one of the most familial countries, and the applicant can access about 146 visa-free countries. St. Lucia is a beautiful tropical country.

Qualification Requirements for Citizenship

  • Good health.
  • 18 years old age.
  • Clear the due diligence checks.
  • Legitimate financial sources.
  • No Criminal Record.
  • Spouse, Children under the age of 30, Parents above the age of 55 and single 18 years old sibling can be considered as dependents.

The citizenship for Saint Lucia can be approved within a period of 6 months.

We at PassPro aim to deliver an investor a stress free citizenship to any mentioned Caribbean country of their choice. Contact us today.

Why PassPro?

  • Government Authorized Agent for processing legal second citizenship by investment.
  • Team has successfully processed 400+ applications for citizens of 30 nationalities from across the MENA region, India, Pakistan, China, South-East Asia, Africa, Russia, and Europe.
  • Fast-track application - citizenship has been obtained successfully in as little as 2 months.
  • Complete confidentiality – we understand the need for privacy and transmit and store all personal data on secure servers.
  • Remote processing of application possible – no need to travel to Dubai or the country of investment to submit your application or collect your new second passport.
  • End-to-end guidance and support to make the citizenship by investment application process easy and stress-free - with all documentation, translation, attestation and legalization.
  • Experienced second citizenship consultants with specialized knowledge in regulatory compliance, economic citizenship programs, financial due diligence, real estate consultancy.
  • Free membership to your new country's portal for support after acquiring citizenship.

Book A Free Consultation


Previous Post: The Latest Fee Changes and Announcements from the Caribbean Citizenship by Investment Units

August 10, 2020 News Antigua and Barbuda Dominica St Kitts and Nevis St Lucia Grenada

The Citizenship by Investment Programs of the Caribbean nations are widely acknowledged for the life-changing impac

Read More
This site uses cookies in order to deliver the best user experience. Detailed information on the use of cookies on this website is provided in our Cookies Policy statement. By continuing to use this site, you consent to the use of these cookies. You can find out more and change your cookie settings at any time by clicking here.