While it does offer many benefits, you should carefully consider which citizenship to buy. One of the aspects to consider is the price of this endeavor. Many people assume that buying a second passport is reserved for people with great financial means. However, this is not always the case.
While the financial investment is quite large in most cases, there are some countries that offer their citizenships at reasonable prices. And the best thing is – it is legal, safe, straightforward and fast.
The top five countries that currently offer the cheapest second passport are:
- Saint Lucia;
- Dominica;
- Grenada;
- St. Kitts and Nevis;
- Antigua and Barbuda.
In this article, you will learn about the top five countries that offer the cheapest second passport to buy.
Saint Lucia
After the devastating effects of the 2017 hurricane season, many Caribbean countries offer citizenship by investment on sale. Saint Lucia is one of those countries.
St. Lucia offers the cheapest second citizenship by investment for single applicants in the world. The lowest possible investment to get second citizenship in St. Lucia is by donation to their National Economic Fund. You will have to spend at least $109’600 all-in as a single applicant to get a St. Lucia citizenship.
By becoming a citizen of this country, you will have visa-free access to 123 countries, including the Schengen Area and the UK.
Dominica
Dominica ‘s second citizenship by investment program is appealingly cheap However, recently it has been noted that it has accepted clients with low reputation other countries refuse to work with. This is something to consider before applying for a passport in Dominica.
A single applicant needs to donate only $110’000 all-in to acquire second citizenship in Dominica. Alternatively, a family of four would spend $200’000 as a donation and an additional $18’300 in fees.
Getting a Dominican passport by their real estate citizenship by investment option means you will have to spend at least $200’000 on property. However, government, processing, and due diligence fees will bring this cost up to $233’500 per single applicant. For a family of four, this cost would be $247’500.
A Dominican second passport allows you visa-free travel to 122 countries including the Schengen area, the UK, and Brazil.
Grenada
Grenada’s citizenship by investment started in only 2013. Since then it has gained popularity for various reasons. Here you would have an option of donation to the National Transformation Fund (NTF) or buying real estate to get the lowest price for a passport.
A single applicant would spend $150’000 on donation plus $8’000 on fees to get Granada’s passport. An alternative would be to spend $350’000 on real estate investment plus $70’000 in fees. For a family of four, a donation of $200’000 and an additional $24’000 spent on fees would ensure second citizenship here.
By becoming a citizen of Granada you would have visa-free travel access to 131 countries including the Schengen area, the UK, Brazil, and even China. Additionally, you would be able to work and live in the US under the E-2 investor visa treaty.
St. Kitts and Nevis
After 35 years in the field of economic citizenship, St. Kitts’ program has earned a good reputation. It currently offers three options to acquire citizenship. One is through a donation to Sugar Industry Diversification Fund. The other two are through real estate and by donation to Sustainable Growth Fund.
You can acquire citizenship in St. Kitts and Nevis for a donation of $157’850. A family of four would have to donate $207’700. These prices cover all of the costs.
If you choose to invest in real estate to acquire St. Kitts and Nevis citizenship, you will have to invest at least $242’800 as a single applicant. For a family of four, this price would be $287’900.
By acquiring a second passport in St. Kitts and Nevis, you will be able to travel visa-free to 131 countries.
Antigua and Barbuda
The cheapest option to acquire a second passport in Antigua and Barbuda is through a donation to the National Development Fund. By donating $100’000 and paying additional fees of $32’800 for individuals or $41’200 for a family of four, you would get citizenship in Antigua and Barbuda.
Antigua and Barbuda’s passport allows you to travel visa-free to 140 countries including the European Union, Schengen Area, the UK, and Brazil.
Another option that allows you to acquire a second passport in this country is through investments in real estate and local business. Through the real estate option, a minimum investment of $200’000 and additional $66’200 in fees is necessary. If you choose to invest in business, then $1.5 million before fees would be necessary.
Summary
Saint Lucia, Dominica, Grenada, St. Kitts and Nevis, and Antigua and Barbuda are the five countries that currently the top five countries offering the cheapest second passport. Starting from an investment of $109’600, you can acquire second citizenship in Saint Lucia.
Other Caribbean countries offer a second passport for a reasonable price as well. This is a way that helps these countries boost the local economy.
Ask about the cheapest options for immigration and RP obtaining in Europe here!