Published at: 15/01/2021 11:00 am
Luckily, your US citizenship qualifies for the best citizenship by investment programs. However, the benefits and advantages of passport schemes are different and don't forget taxation.
Recently, the searches on Google for second citizenships increased significantly from the United States. Let's take a look at some essential characteristics of the most popular citizenship by investment programs.
The best option always depends on the personal preferences and circumstances of the person. Not everybody wants or can afford to live in beautiful and rich Monaco. On the other hand, some applicants prefer the cold winters of Canada. Meanwhile, others would love to enjoy the benefits of the passport from a Caribbean paradise island nation.
The citizenship by investment programs offer guaranteed success, clear path and timeline to reach the objective and receive your second citizenship and passport. You can invest or donate (usually a lower amount) in exchange for your new citizenship. The investment options depend on the host countries' needs. It can be real estate investment, bank deposit, purchase of government bonds, registering companies, or creating jobs, among others.
Practically, all countries with citizenship by investment programs and most residency by investment schemes are in tropical or Mediterranean paradise countries.
In Europe, Montenegro and Malta are the best choices to become a citizen of the European Union (Malta) or become a citizen of a country, which joins soon the EU but still offers tax advantages (Montenegro).
If your goal is to live, enjoy the quality of life in Europe, these are the best citizenship options. Meanwhile, you can become a resident in Portugal, Greece, Hungary or Monaco. Residents are not citizens, but the resident status usually leads to citizenship after a couple of years.
Suppose you are looking for a more tropical passport. In that case, Vanuatu, St Kitts and Nevis, Dominica, Antigua and Barbuda, Grenada and St Lucia are waiting for you. These charming little island nations would be happy to welcome you as their citizen. Moreover, the islands all offer a secure future for you and your family during the coronavirus and high-quality of life.
Vanuatu offers it's travel document and citizenship for US citizen single applicant in exchange for a donation of 130,000 USD and 180,000 USD for a family of four. The different programs in the Caribbean region offer more or less the same costs. There are other options, like investing in real estate or government bonds, among other solutions.
In Europe, the citizenship of Montenegro is available from 350,000 euros. Meanwhile, the new Maltese fast-track citizenship program attracts applicants with a donation of 750,000 euros and property investment in exchange for the EU passport.
Your new citizenship and the travel document will help you live, work, pay taxes (or not) elsewhere. European passports allow you to settle in any other Member State of the European Union. Suppose you wish to renounce your citizenship of the United States. In that case, you will have another nationality, perhaps a more attractive or secure citizenship, according to your circumstances and goals.
Yes, of course. Obtaining the residence permit means that you enjoy the right to live in that country, temporarily or permanently. Moreover, a temporary resident status usually leads to permanent residency, and it usually leads to citizenship.
Don't forget that your family may have immigrated from somewhere and settled in the US. Several European countries grant citizenship to the descendants of those citizens, who left their home country. Italy and Hungary are the most common solutions. Still, descendants with Jewish heritage from Spain or Portugal can also obtain the valuable passports of the EU.
Do you want to get a second passport or a resident status elsewhere? Click here to set up a consultation and obtain detailed immigration information through affordable investment from the US!