Investment migration isn’t a new concept, but it’s certainly gained traction in the last few years. More and more people find the idea of alternative citizenship alluring, especially in times of crisis. At the center of these interests is citizenship by investment (CBI), a concept that countries from across the world have adopted into government schemes.
Called citizenship by investment programs, many countries run their own versions of these programs, granting investors instant nationality in exchange for significant contributions to society, culture, or the economy. Let’s take a look at the list of countries offering citizenship by investment.
Which countries give citizenship by investment?
Many countries around the world give CBI, including but not limited to, Spain, Portugal, Malta, Greece, Vanuatu, Grenada, St.Kitts and Nevis, Dominica, and so forth. Generally, you can apply for direct CBI schemes, which grant citizenship within a couple of months, or you can apply for residency by investment, upon which a passport is provided after a set number of years.
What kind of people apply for alternative citizenship?
It’s a common myth to think that only wealthy individuals can apply for CBI. In fact, just about anyone can apply, provided that the program criteria are met. So whether you’re a business owner, an investor, a digital entrepreneur, or just a regular person with a global mindset, then consider applying.
Why do people invest in CBI schemes?
It’s easy to understand the appeal of CBI programs. In exchange for investing a lump sum of money, you can get a passport in as little as three months, as well as access to a myriad of benefits including visa-free travel, friendly tax schemes, and the chance to own a second home in an exotic country.