In today's world, when borders are becoming more and more transparent and people are becoming more mobile, the possibility of holding dual citizenship is a significant advantage. It allows legal residence, work and travel between two countries, provides access to social programs and educational systems, and simplifies the process of doing business internationally. In this article, we will review the list of countries where dual citizenship is legal, discuss the conditions and procedures required, and delve deeper into the benefits and possible difficulties that may accompany holding passports from more than one country.
| Program | Cost | Processing Time | Validity |
|---|---|---|---|
| Hungary | Varies; consult local experts | Varies | Permanent residency |
| Switzerland | Varies; consult local experts | Varies | Permanent residency |
| European Union | Varies; consult local experts | Varies | Permanent residency |
| Spain | €500,000+ | Varies (few months) | Permanent residency |
| Dominica | $100,000+ | Several months | Lifetime citizenship |
| Saint Lucia | $100,000+ | Several months | Lifetime citizenship |
| Antigua and Barbuda | $100,000+ | 3-4 months | Lifetime citizenship |
| United Arab Emirates | Varies; consult local experts | Varies | Varies |
Turkey, a country located at the crossroads of Europe and Asia, is renowned for its rich historical heritage and diverse climate. Both temperate maritime, continental and even subtropical climatic conditions can be found here. To obtain Turkish citizenship through investment, you need to invest a minimum of $400,000 in real estate in the country. This program is attractive due to the relatively low amount of investment and the possibility of citizenship in the shortest possible time.
The Republic of Vanuatu, an archipelago in the Pacific Ocean, is known for its warm tropical climate and beautiful scenery. The country offers an economic citizenship program that allows you to obtain a passport for investments of $130,000 or more. The program attracts with fast processing times and no residency requirements.
Grenada is a small island country in the Caribbean Sea with a tropical climate and one of the most popular programs for citizenship through investment. Investing in Grenada's economy starts at $150,000. The program allows you to obtain a passport that grants visa-free access to more than 140 countries, including Schengen countries and China.
St. Kitts and Nevis are two islands that form one nation in the Caribbean Sea, known for their beaches and warm climate year-round. The Citizenship by Investment program starts at $150,000 and offers some of the most attractive terms for investors looking to expand their travel and business opportunities with a strong passport with good mobility.
Dominica is an island nation in the Caribbean Sea known for its rainforests and mountain rivers. The island has a tropical, humid climate with heavy rainfall, especially at higher elevations. To obtain Dominica citizenship through investment, you must invest a minimum of $100,000 in the country's Economic Development Fund or invest $200,000 or more in accredited real estate.
St. Lucia is an island nation in the eastern Caribbean Sea with a volcanic landscape and warm tropical climate. The country offers citizenship through investments starting at $100,000, which can be contributed to the National Development Fund or invested in real estate or entrepreneurial projects.
Antigua and Barbuda, a nation located on two islands in the Caribbean Sea, is famous for its coral reefs and sandy beaches. It has a tropical maritime climate. The Citizenship by Investment program requires an investment of $100,000 or more in a National Development Fund or $400,000 in accredited real estate.
The United Arab Emirates, a country located in the southeast of the Arabian Peninsula on the Persian Gulf, is known for its high-rise buildings and luxury shopping centers. The climate of the UAE is arid and hot. In 2021, the UAE introduced a citizenship program for investors, academics and exceptionally talented individuals, but the exact investment amounts and requirements are constantly being updated, making it necessary to consult with local legal professionals for up-to-date information.
Hungary is a country in Central Europe, famous for its thermal waters and the capital city of Budapest, often referred to as one of the most beautiful capitals in the world. It has a temperate continental climate with warm summers and cold, often snowy winters. Hungary offers residency programs for investors, including options for buying government bonds or investing in the country's economy, but the program is constantly changing, so potential investors should consult local advisors for up-to-date information.
Switzerland is a country in Western Europe famous for its Alps, accurate clocks and banking system. The climate in Switzerland ranges from temperate in the north to alpine in the mountainous regions. Obtaining citizenship through investment in Switzerland is not provided, but it is possible to obtain a residence permit for large investments in the economy or the purchase of real estate, which requires individual verification and approval of the canton.
The European Union is a political and economic union comprising 27 European countries, providing its citizens with a single market and freedom of movement. The climate varies from subarctic in the northern countries to Mediterranean in the south. Some EU countries, including Portugal and Greece, offer “golden visa” programs that allow residency through investment, which can be a pathway to citizenship.
Spain is a country in southern Europe on the Iberian Peninsula, famous for its holidays and seaside resorts. The climate ranges from Mediterranean in most of the area to continental in the central part and oceanic in the north. Spain offers a “golden visa” for investors for the purchase of real estate worth at least €500,000.
In conclusion, having dual citizenship opens numerous doors for individuals, whether for international business, education, or simply the convenience of travel. Each country offers unique conditions and requirements for obtaining citizenship through investment. It is important to thoroughly explore all options and choose the most suitable program that aligns with your long-term plans and life circumstances. Pay attention to the legal aspects and potential tax obligations associated with holding citizenship in multiple countries. Remember, investing in citizenship is not just about financial contributions; it's also a step towards expanding your cultural and social horizons.
Dominica's Electronic Citizenship Program provides a compelling opportunity for foreign investors to obtain citizenship through investment, delivering a suite of substantial benefits tailored for personal convenience and strategic financial management.
At the moment, Dominica does not offer digital citizenship in the way it is implemented in some other countries, such as Estonia, where anyone can become an e-resident and do business in the European Union while remaining physically outside of it.
Dominica and the Dominican Republic are often confused due to their similar names, but they differ significantly in geography, culture, and governance.
