5 Countries That You Can Buy Citizenship

For some individuals, being born in a certain country is considered fortunate while others felt the burdens of living in one ever since they were a child. Financial crises have pushed many people astray causing their income to be either stagnant or even worse, lower due to high inflation.

Some people are forced to do multiple jobs at one time to support the high cost of living in order to sustain themselves in life while some decided to leave their comfort zone and travel to other countries for a chance at a new life.

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However, getting citizenship status in a particular country has been proven very difficult but there are a group of countries out there that made it easy for you to simply buy your way out to come and lived in the respective countries.

Here we would like to share with you 5 countries where you can simply use the money that you have to be granted citizenship.

1. St. Kitts & Nevis

The country St. Kitts & Nevis might be unheard of to some of you but this is the first country to grant citizenship based on your investment in the country since 1984. As pioneers in doing this, they are also known for giving simple requirements to those who wish to live there.

One does not need to attend or own any residence there instead, one only needs to invest as low as $150,000 in the country. But there is a catch, however, as this money will not be returned and the migrants can only take a maximum of 4 people of their family members to get citizenship status.

If the family has more than two kids, an additional $10,000 is required for each person to be registered in the country. The popularity of citizenship status in St. Kitts and Nevis definitely blew up due to the freedom given to the holder.

A passport holder can freely move around 15 countries of the Caribbean as well as eligible to enter any country in the European Union without any visa approval.

2. Turkey

Launched in 2017, the Turkish government has given the citizenship incentive as a way to attract more investments into the country. This government hoped that this initiative will improve the real estate market in Turkey.

Due to that, the country has also introduced a simple condition for those who are interested in getting their Turkish citizenship by purchasing real estate in Turkey at the minimum price of $250,000 or more.

Aside from the properties, the Turkish government has also established different methods to allow investors to stay permanently in Turkey by putting $500,000 into any local investment banks or even contributing the same value to any government bonds.

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3. Austria

If you feel like becoming one of the Europeans then Austria is your best place to go. However, unlike Turkey and St. Kitts & Nevis, Austria had imposed a more stringent rule.

For you to get yourself Austrian citizenship, you must invest at least 10 million Euros in local businesses for you to be eligible. If that figure seems too big for you then you can consider donating 3 million euros to one of the Austrian government development programs.

The investment made cannot simply be withdrawn just for the sake of getting the passports. One must also invest in any sector or industry that can contribute to the Austrian economy and better yet, provide more job opportunities for the locals.

4. Malta

The Republic of Malta is an island country in Europe that has been heavily criticized by other European countries due to the requirements of getting citizenship that is considered too lenient to the extent of easily being manipulated by many parties.

Things were much worse than expected as the revelation on April 2021 showed that the majority of Malta passport holders came from countries that do not recognize dual citizenship. 

This criticism however did not hold back the government as they intentionally let it occur to ensure that investments will be pumped into the country without any issues. This policy was introduced in 2013 and the majority of applicants being accepted came from Saudi Arabia, China, and Russia whereby these countries only allow them to hold one citizenship.

The Individual Investor Programme that was announced by the Malta government requires the individual to stay in Malta for 12 months while contributing 600,000 Euros up to a maximum of 750,000 Euros.

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An individual can be considered eligible if they buy properties in Malta with a minimum value of 700,000 Euros that should be held on to for at least 5 years from the date of the citizenship approval.

5. Montenegro

Through the MIA or Montenegrin Investment Agency, the Montenegro government has opened opportunities for outsiders to stay in their beautiful country as their popular tourist destination.

An interested individual can choose to stay by investing through the MIA in which the amount will depend on the type of investments chosen. The value should be as accordingly; 450,000 Euros in the capital of Montenegro, Podgorica or 250,000 Euros for the development of the northern parts of the country.

For every application, the government will impose an additional service tax of 100,000 Euros which will be used for the development of the less developed areas. This program has got the interest of many parties from the outside following the benefits that you would obtain from citizenship.

Aside from that, the applicant would not need to let go of their original citizenship if their original country allows it that is. With all things being said, you might be disappointed after all of this as the program has already ended on 31 December 2021.

Source:

• Iluminasi

Also read: 5 Countries With No Official Language