The Best Citizenship-by-Investment Programs for 2025
January 6, 2025
Let’s get one thing clear from the very beginning: there is no number one citizenship by investment (CBI) program.
It’s never that simple.
However, most people trying to sell you global citizenship will make it seem so. What they sell will always be ‘the best’ even though they know next to nothing about you and your individual needs.
When a client comes to us for help, that’s always where we start: their needs and wants.
For example, where do you bank and hold your investments?
What passports do you currently have, and which ones would you like to have?
These and many other questions need to be fully taken into consideration to determine the best citizenship-by-investment program for you.
And with a dozen citizenship programs currently available to investors, it can be a real headache to figure it out all by yourself.
Countries have been introducing CBI programs to attract foreign direct investment from future global citizens.
In this article, we’ll walk you through each available citizenship-by-investment program in 2025 and look at how you can evaluate the relative quality and utility of each program and its passport.
What is Citizenship by Investment?
Acquiring citizenship would take you at least 20 years of living in a country like Andorra. Obtaining a second residence is relatively straightforward, but naturalisation is very tough to come by.
In fact, it’s one of the longest naturalisation timelines on earth.
Spain isn’t much better. The timeline on paper is ten years, but realistically, you’ll need to add more for bureaucracy.
Long naturalisation timelines, language tests, physical residence requirements, taxes, fickle governments and never-ending bureaucracy.
If you want to bypass all this and secure yourself a second passport in as little time as possible, you’ll need citizenship by investment.
Citizenship by investment is a process whereby wealthy individuals can obtain second citizenship in a matter of months in exchange for an investment or a donation made to the country in question.
Unlike the other ways for obtaining citizenship – birth, naturalisation, marriage and descent – citizenship by investment operates like a business transaction.
You make the investment, and countries grant citizenship.
Due to the purely economic nature of this transaction, you may have heard people refer to this as an ‘economic citizenship,’ or they simply throw around the idea of ‘buying a passport.’
That’s citizenship by investment.
If this all sounds like rocket science to you, check out our citizenship by investment page, where we give you a beginner’s crash course on all things CBI.
But for an overview of all CBI programs, read on.
11 Citizenship-by-Investment Programs Available Now
You couldn’t always buy a passport. Before 1984, when St Kitts and Nevis introduced its citizenship-by-investment program, economic citizenship did not exist.
But once the idea was out there, other countries followed suit, with Dominica and Belize creating programs in the early 1990s and – for a brief time in the late ‘90s – Grenada, Peru and Ireland, too.
After 9/11, though, only Dominica and St Kitts and Nevis stuck around. Fast forward another decade, however, and things began to change once again. There was almost a new program every year – Antigua and Barbuda, Grenada – the programs began to roll out.
Since we first wrote this article, there has been a huge proliferation of citizenship by investment programs around the world, with others shutting down.
In 2025, there are 11 programs currently available.
The Caribbean
- St Kitts and Nevis citizenship by investment
- Dominica citizenship by investment
- Antigua and Barbuda citizenship by investment
- Grenada citizenship by investment
- St Lucia citizenship by investment
Europe
- Malta Exceptional Investor Naturalisation (MEIN) program
- North Macedonia citizenship by investment
- Turkey citizenship by investment
Other
- Vanuatu citizenship by investment
- Jordan citizenship by investment.
- Egypt citizenship by investment
Shortcut: The Best Citizenship by Investment Program
If you don’t want to get into the full details of each of these programs and want a little shortcut, we’ve got you covered.
Do note that these are generalised findings which might not necessarily fit your personal situation.
We’ve helped more than 1,500+ high-net-worth individuals get customised holistic plans to optimise their taxes, get a Plan B passport and more.
For a holistic plan customised to your needs, reach out.
What Makes a Citizenship ‘the Best’?
We won’t be giving you a ranking system that you can skim over and then pick the number one option merely because it’s at the top of the list.
That’s not a good way to pick anything in life – and especially not a second passport by investment.
It’s not the specifics of any one program that matter the most when determining whether it’s the best citizenship-by-investment program.
Remember what we said about individual needs and wants? Well, this is where it comes into play.
YOU are the most important piece of the ‘best citizenship by investment’ puzzle.
We are practitioners, not theorists. With Nomad Capitalist’s founder, Andrew Henderson, going through four citizenship-by-investment programs and perhaps being the only people who cover the second citizenship scene so comprehensively, we feel uniquely qualified to speak on this subject.
And what we learned from obtaining multiple citizenships by investment for over 1,500 clients is that what is best for us will not necessarily be the best choice for someone else.
Here are just a few of the factors you should take into consideration:
- What are your needs and desires?
- Where do you bank?
- Where do you do business?
- Where are your investments?
- What are your lifestyle goals?
- Where do you want to travel?
- Where do you want to live?
- What passports do you currently have?
- What passports do you expect to get?
It’s crucial that you ask yourself these questions and more because a passport is only one element of a holistic offshore plan.
Now, keeping your needs and wants in mind, let’s get into the details of each of these CBI programs.
Citizenship by Investment Case Studies
We recently had a client who was engaged in a civil lawsuit, making it less likely that a Caribbean country would accept him. So, we helped him apply in a country that was more open to someone in his situation.
Solution: Vanuatu Citizenship by Investment
Citizenship-by-Investment Countries
Each country that offers citizenship by investment has a clearly outlined program that has been authorised by its government.
These programs streamline the application process, provide a straightforward path to citizenship in a matter of months, and are open to (almost) anyone with a clean criminal record.
The requisites for each citizenship by investment program vary widely – you can spend US$1 million, or you can spend US$200,000. Either way, you’ll receive a second passport out of the deal.
So, we’ve lumped the programs based on their geographic region. Let’s start with Europe.
European Citizenship-by-Investment Programs
There are one to three citizenship-by-investment programs in Europe, depending on who you ask.
We’re going to consider one citizenship by investment program to be European: Turkey. We will also go over Malta’s new naturalisation-by-investment program, which has largely replaced its previous citizenship-by-investment program.
(Cyprus cancelled its program on 1 November, 2020, and Montenegro cancelled its program on 31 December, 2022.)
The potential third option is North Macedonia. While citizenship is supposedly available through a US$200,000 investment in North Macedonia, the program has yet to see a single approval and the government has not provided an explanation.
So, for the sake of simplicity, we’re not going to cover this option as it’s not a route we recommend to clients.
For those who want the best of the best and are willing to do proper tax planning, Malta is located within the European Union, granting the added bonus of EU citizenship alongside sovereign nation citizenship.
Montenegro is a European Union candidate, whereas a part of Turkey also has such plans, though they are much more distant than those of Montenegro.
Malta Exceptional Investor Naturalisation
Malta’s original citizenship by investment program has been replaced by the Malta Exceptional Investor Naturalisation (MEIN) program.
However, because this new program maintains many of the benefits of the old program – with some key changes to the investment requirements and timelines – it still falls under an economic citizenship category.
Even with the new changes, Malta still has one of the world’s most aspirational citizenships. It is the only program of its nature that grants access to both the European Union and the borderless Schengen Area.
It’s also the only passport that offers visa-free access to all six big English-speaking countries, including the United States.
Before Cypus’ program was shut down, Malta was still a better deal than Cyprus for many people because of this, particularly if they would rather donate a much lesser amount and invest the difference elsewhere.
Malta is the ultimate example of ‘you get what you pay for’ as it comes with a lot of great benefits. But it does not come cheap.
There are several different components to the MEIN program. The first one is the classic donation, the minimum is currently €600,000 and will only get you citizenship after three years. If you increase your donation to €750,000, you can reduce the wait time to one year.
Either way, that’s not exactly chump change.
From there, you can add on various dependents. Your spouse and children require an additional €50,000 donation per person, as well as any adult children up to 25 years old and dependent parents.
The government uses your donation to build up the country by investing the funds in various projects around Malta that help the citizenry, so you can feel good about your donation.
But that’s at least €600,000 that you’re not going to get back. So, make sure you’re willing to part with a high six-figure amount before applying for this program.
You will also need to make a charitable contribution of at least €10,000 to an approved non-profit in Malta.
The final component is to purchase or rent a home as proof of an established connection to Malta. To do this, you can either buy a property that is worth €700,000 or more (an actual investment) or enter a five-year lease that is worth at least €16,000 per year, bringing the total five-year amount to €80,000.
If you take the rental route, although it is a much lower amount, this is also money you won’t be getting back.
And last of all, unlike the Caribbean citizenship by investment programs that don’t care if you ever show up, Malta needs you to put in time on the ground to show proof of connection to the country.
Even with the higher donation amount, you’ll need to spend a good portion of your first twelve months of residence in Malta. Because of this residence requirement, it takes approximately 11 months (minimum) to obtain citizenship through the MEIN program, the longest timeline of any CBI program.
And that’s not even mentioning the new three-year timeline for those who opt for the lower donation amount that basically turns this program into a glorified fast-track Golden Visa.
The long timeline and complex requirements reflect the fact that – thanks to benefits like EU membership, Schengen access and US visa-waiver privileges – Malta has more organisations to appease. This, in turn, means you must prove a legitimate connection to the country.
VERDICT: Malta has a great passport and gives you a lot of privileges, but that also means there are more strings attached. If you can comfortably kiss at least €700,000 goodbye, this is a great program that covers all the bases.
But if you are a six-, seven- or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money and simply getting the few extra things that Malta could give you elsewhere.
Learn more about Malta’s MEIN program here.
Turkey Citizenship by Investment
Ok, some might say that Turkey isn’t fully European, but we decided we’ll give it the benefit of the doubt.
It won’t give you Schengen access or the right to live in the European Union, but its standard of living, especially in Istanbul, is similar to Europe.
In January 2017, Turkey introduced an economic citizenship program in an effort to prop up their beleaguered economy. This was shortly after the Turkish lira plunged to an all-time low against the US dollar and ongoing acts of terrorism had driven Istanbul real estate sales to fresh lows.
In an effort to woo investors again, Turkey’s government decided to offer citizenship to investors to the tune of US$1 million.
However, it didn’t take long for Turkey to lower their requirements. Today, you can invest the Turkish lira equivalent of US$400,000 into real estate – and hold it for three years – to become Turkish in a matter of months.
The process can be a bit complicated because all properties need to be purchased on the same day and titled in the same office, meaning you can’t score a cheap Istanbul apartment and tack on a beach house in Antalya to qualify.
You’re also at the mercy of the lira exchange rate on the day of the sale, as well as an appraisal that may not value cheap resale properties (the kind that make good investments) as highly as new construction.
While you can technically buy any real estate you want, you still need to have a plan.
If you prefer to deposit money in the bank instead, you may deposit US$500,000 for three years. You can also invest the same US$500,000 amount in a working company as venture funding or in bonds.
Or, if you would rather skip the investment amount altogether, you can also hire fifty Turkish citizens to qualify.
We were clear from the beginning that this program targeted mostly Arabs seeking an Islamic safe haven, but the price reduction has certainly made it interesting to more people.
While there is mandatory military service in Turkey, it won’t affect you unless you’re really young or plan to pass citizenship to your future children.
VERDICT: Turkey’s program is interesting in that you stand a decent chance to get your money back and even turn a profit on its economic citizenship offering.
Its relatively low minimum investment, as well as easy access to the US and the UK, make it a decent addition to a passport portfolio (something we help people create). Yet, we still think it’s not solid enough to stand on its own as a replacement for a Tier A passport.
Learn more about Turkey’s citizenship by investment program here.
Caribbean Citizenship-by-Investment Programs
Now, let’s move out of Europe and into the Americas, namely the Caribbean.
The Caribbean is home to five citizenship programs, including the oldest such program in the world. It’s also the first thing people think about when they think ‘citizenship by investment’, since non-Caribbean options are all relatively new.
If you’re a Western citizen, the deep discount of Caribbean programs over European Union citizenship programs can be quite appealing.
While many Chinese, Arabs, Russians and Indians may prefer an EU passport, westerners realise that ‘Tier B’ passports (with good, but not great, travel privileges) are the wave of the future and not only cost less but do not come without the baggage of a crumbling bloc of mostly socialist countries.
There was immense competition among the Caribbean CBI programs in 2020 as the global COVID-19 epidemic grounded most of the world’s planes and left the tourism-dependent islands stranded and hurting for cash.
As a result, most of the Caribbean passports offered deep discounts through the end of 2020. While the discounts are no longer on offer, many of these programs remain attractively affordable.
St Kitts and Nevis Citizenship by Investment
St Kitts and Nevis runs the original economic passport program, in operation since 1984. Other Caribbean programs have copied it, and the program has enjoyed a lot of success up until now.
The two-island nation likes to refer to itself as the ‘platinum’ citizenship program in the region.
The requirements have always been simple: you can donate money to a government development fund, or you can buy ‘approved’ real estate. The donation is almost always the better option as the real estate is vastly overpriced and, as some of our clients have told us, not even nice.
To qualify for citizenship by investment, you’ll need to make a donation of at least US$250,000 to the Sustainable Island State Contribution (SISC) or invest the same amount into an approved public benefits project. This covers a principal applicant or a family of four.
Meanwhile, if you’d rather invest in real estate, the minimum investment sum is US$325,000, and there are many providers ready to sell you everything from a shack to a timeshare in a five-star hotel.
You can technically resell your investment in several years, but you likely won’t get your money back. Plus, the real estate option involves extra government fees.
St Kitts has a few perks: it offers a rush option to get approval within 45 days if you have a valid reason to request such a thing, and as of recently it offers visa-free travel to Russia.
VERDICT: St Kitts and Nevis used to be the only game in town, but it has lost its lustre since losing visa-free access to Canada in 2014.
They’ve made efforts to correct their pricing due to recent price wars, but it’s still intentionally overpriced. That said, if you’re looking for the oldest-running program that has heritage and stability, this could be a good program to go for.
Learn more about St Kitts and Nevis’ citizenship by investment here.
Dominica Citizenship by Investment
Dominica started its program back in the 1990s and has earned itself the title of offering the best-value passport out there.
Dominica was the lowest-priced passport ‘for sale’ on earth ever since Belize ended its US$40,000 program years ago.
There isn’t much to the program, really. You make a donation (and now, more recently, you can also invest in real estate) and they’ll give you a passport in just two to three short months.
Simple as that.
Coming in at US$200,000, Dominica now has competition at this price point for solo applicants, but unlike other CBI programs, it does have a longer track record of being in operation to show for itself.
Plus, it’s award-winning. The Dominica program was recognised as the best in the world by the Financial Times’ Professional Wealth Management magazine, which regularly publishes a CBI index.
But don’t forget what we said in the beginning of this article – there is no universal ‘best citizenship by investment’ program – only the one that is the best for you.
Here’s who is eligible to get a Dominican citizenship now:
- Adult siblings (biological or adopted; must be single and childless)
- Adult children (don’t need to be studying or living with parents)
- Financially dependent parents and grandparents of both the principal applicant and spouse (don’t need to be living with the principal applicant)
- Children born and spouses married after the applicant has received citizenship.
That’s a set of really flexible rules. Plus, Dominica has also lowered its prices for all family sizes:
- Single applicants will continue paying US$200,000
- Then you’ll pay US$250,000 for a main applicant with up to three qualifying dependents
- Additional dependents will still cost US$25,000 per person, and adult siblings US$40,000.
Just don’t forget that Dominica has additional fees that apply when one chooses the donation investment route.
VERDICT: If you’re seeking a ‘budget passport’, Dominica is one of the best value citizenship by investment options in the region. It’s definitely worth considering, even though it’s no longer the only game in town.
One of its main pros is access to the UK and Ireland, which its historical ties to these islands grant it. This is a middle-of-the-road passport with decent travel privileges.
Learn more about Dominica’s citizenship by investment program here.
Grenada
For a time, Grenada’s citizenship program was cancelled.
One unconfirmed report indicated that the government had to be bullied into re-issuing economic citizens’ passports after they expired five years later.
Now, Grenada is back.
Grenada’s most interesting features are visa-free access to Russia and China, as well as being the only Caribbean CBI to be part of the United States E-2 treaty program.
Basically, it offers a simplified procedure to live part-time in the US as a business owner, and that makes it rather attractive to many people.
Grenada allows you to make a donation of US$235,000 for a single applicant and up to three dependents in exchange for citizenship.
You can also buy US$350,000 worth of approved real estate, of which there are actually a few interesting options that effectively serve as zero-coupon bonds.
When you buy a Grenadian passport, you’ll definitely be paying a premium.
All in all, Grenada isn’t the most affordable citizenship-by-investment program out there. It also won’t give you the best visa-free access out of all the CBIs in the Caribbean.
However, access to China, Russia and the US could make the higher price tag worth it depending on your needs.
It’s also got a flawless reputation on the investment immigration scene and fully-digital processing of all paperwork, which is especially important when a global pandemic is going on.
VERDICT: Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia and the United States.
However, we would suggest that anyone getting an economic citizenship consider getting a ‘real’ second passport as well, and that other passport might also offer those benefits, thus making Grenada redundant.
Learn more about Grenada’s citizenship-by-investment program here.
Antigua and Barbuda Citizenship by Investment
Antigua started its citizenship program in 2012.
Applicants have to meet a unique requirement: citizens must live there for five days out of the first five years.
That requirement isn’t exactly tough, as you could knock it out with a month-long vacation to celebrate your new passport, but it is a requirement nonetheless.
We do think this will be a trend among CBI countries, although it must be said that Antigua has since reduced the requirement to a mere five days.
Antigua’s investment options are pretty standard fare for Caribbean passports and range from a US$230,000 donation to the government, a US$260,000 University Fund donation, a US$300,000 real estate investment or a US$400,000 business investment. These investment amounts include the government’s processing fees.
The business investment isn’t a ‘come and run your own business’ scenario. This is a ‘we have businesses run by locals, give them US$400,000’ type of investment. So, if you feel comfortable doing that, you can obtain your passport this way.
VERDICT: All in all, Antigua and Barbuda offers an interesting passport program (we’d give it a B+) with several investment options, but it has been levelled by also losing visa-free access to Canada (just as St Kitts did earlier).
Antigua is the only Caribbean CBI to offer visa-free travel to South Africa, but that’s about it. Sure, Antigua and Barbuda offers more options for investing, but it really depends on whether you’re single, married or have a family to determine whether Antigua delivers the best value for you.
Learn more about Antigua and Barbuda’s citizenship-by-investment program here.
St Lucia Citizenship by Investment
There is certainly something special about this place, which has given the world not one, but two Nobel Prize winners.
St Lucia is one of the newest citizenship programs in the Caribbean, having launched in 2016.
In the beginning, their requirements were a bit more stringent. While St Lucia originally required you to have a net worth of at least US$3 million, they dropped that requirement in 2017.
The required donation for citizenship sits at US$240,000 for an applicant with up to three qualifying dependents. You can also invest in a government-approved real estate project for US$300,000.
St Lucia also has a solid reputation. Some might say it’s a more ‘western’ passport than the other Caribbean ones because the country hasn’t cosied up with Russia or China.
It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. It does reject applicants and it has proven that it’s capable of revoking citizenships (unlike Cyprus).
And that’s not something to be scared of. The St Lucian government knows what it stands for and is unafraid to do so – that’s an admirable quality.
VERDICT: By offering a donation requirement of US$240,000, it’s a worthy competitor to Dominica for value-conscious Westerners who want a passport further off the radar for its economic citizenship program.
Saint Lucia is one of the best CBI programs for solo applicants as well as families. Definitely worth considering.
Learn more about St Lucia’s citizenship-by-investment program here.
Other Citizenship Programs
Finally, there are three programs that offer a passport in exchange for investment. Not all three are worth it.
In fact, only Vanuatu – a tiny island in the Pacific – is actually worthy of a mention.
Meanwhile, Egypt and Jordan, which technically have citizenship by investment programs, are never the options that we would recommend to our clients. There are simply better options for all case scenarios.
Vanuatu Citizenship by Investment
While there have been rumours of economic passport programs popping up in random Pacific islands over the years, there is currently only one offering passports by investment – Vanuatu.
It’s almost a shame to lump the Vanuatu citizenship by investment program under ‘Other CBI programs’, but it’s not just its location that makes it obscure. This program is quite complex and difficult to unravel, without an official website and government officials that sometimes say conflicting things.
There are various donation options and even the most seasoned of expats with their ear to the ground don’t really understand how they work.
Basically, you can expect to spend about US$130,000 when you count the government donation and agent fees payable to a local in Vanuatu. You’ll also need to have at least US$250,000 in the bank.
Vanuatu’s passport is one of several economic citizenships that offer visa-free travel to Russia. It also offers the standard access to the United Kingdom, Ireland, and, more recently, Europe.
However, it is not good for travel to most of the Americas or even Australia in its own backyard.
The biggest challenge for Vanuatu is its ever-changing requirements and unclear policies on what is essentially an honorary citizenship.
Nonetheless, we’ve helped a handful of clients navigate its labyrinthine rules and obtain the passport. And they’ve loved the remoteness and the privacy that Vanuatu has been able to give them.
VERDICT: We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing.
It’s recently taken solid steps to straighten out the program and make it more understandable to foreign investors, so it might still appeal to certain investors. Actually, the lure of being isolated geographically and hence different from Caribbean programs could be a game-changer for some.
Learn more about Vanuatu’s citizenship-by-investment program here.
Who Might Need Citizenship by Investment?
These so-called economic citizenships are largely valuable to three types of people.
1. US Citizens
US citizens who wish to renounce their citizenship quickly may benefit from pursuing a second citizenship by investment.
Pragmatically, renunciation requires a second passport, and if you’re a high-earner, the cost of an economic citizenship might be far less than the tax and compliance costs of remaining American, particularly as tax laws have become even worse for foreign business owners.
In many cases, we’ll often tell our client to get a cheaper economic citizenship and pair it with a European Golden Visa. This would allow them to work toward a ‘Tier A ‘citizenship via naturalisation in a few years while also having a desirable residence permit somewhere like the European Union.
2. Emerging World Citizens
If you’re a Tier B or Tier C passport holder, you’re losing opportunities every day. This is exactly the reason why Chinese and Arab citizens are the largest investors in citizenship by investment programs.
The wealthy in these and other countries can afford the cost in exchange for the greatly increased travel benefits.
3. Business Owners and Investors
Looking for a ‘Plan B’? While US citizens have the most urgent need for a second passport and can often earn an immediate ROI, citizens of other countries can also benefit from having another citizenship in their back pocket… just in case.
This is especially true for cryptocurrency investors who may need a second passport to continue their investments.
If you’re earning six- or seven-figures, you may find buying citizenship easier and cheaper on a time-cost basis than the longer, more elusive naturalisation route.
Alternatives to Citizenship by Investment
Unless you’re a US citizen in need of a second passport to reduce your tax obligations (these people don’t have any alternatives but to renounce), there are different ways to achieve the same things in the investment immigration world.
Is your goal to add travel benefits or improve your quality of life? For many Western citizens, a second passport won’t even be necessary.
Is your goal an E-2 visa? There are other options that are easier, less expensive and less bureaucratic than obtaining a second passport by investment.
Or do you simply want to work towards a passport in a cheaper way? Then citizenship by descent may do the trick.
And if you are in no particular rush, residence by investment could give you a solid path toward citizenship via naturalisation after making an investment in exchange for residence in any number of countries.
To be clear, economic citizenship is for people with a pressing need to have another passport now, be it for tax reasons, business or travel.
Residency by investment is not the same as citizenship by investment. Golden visa programs like those in Portugal and Greece will eventually yield a second passport, but it will take at least five years or more.
The Best Passport vs. a Passport Portfolio
Ideally, a citizenship by investment should only be one of several passports you hold.
Here at Nomad Capitalist, we approach second citizenships from the mindset of an investor: you should never keep all your eggs in one basket.
Not even your citizenship.
That is why a second citizenship is so important, but it’s just the first step. You can achieve deeper diversification by creating a portfolio of passports.
A passport portfolio is a collection of several different passports that work together to expand your visa-free travel privileges, relieve your tax burdens, increase your privacy and freedom, help you gain access to investment opportunities, give you political diversification and more.
Everyone’s passport portfolio will be different and can be filled with passports obtained in various ways. The key is to diversify across different country characteristics.
If you can add a Tier A citizenship to your passport portfolio through one of the other available methods – for instance, Italian or even Irish citizenship by descent – you won’t need to spend US$1 million or more to add an EU passport like Malta to your portfolio.
Best Citizenship-by-Investment Programs: FAQs
There is no ‘best’ option, as it really just depends on your unique needs and situation. There are many personal factors to consider when looking into a citizenship investment.
The cheapest citizenship-by-investment program is in Vanuatu, where you can gain citizenship for US$130,000. Other affordable options can be found in the Caribbean, with Dominica offering the best value.
There are currently 11 countries that offer citizenship by investment programs:
St Kitts and Nevis
Dominica
Antigua and Barbuda
Grenada
St Lucia
Malta
North Macedonia
Turkey
Vanuatu
Jordan
Egypt
If you don’t want to invest in a CBI program, the most common ways to gain a second passport are through naturalisation, descent or marriage.
Citizenship by investment programs allow individuals to acquire citizenship in a country by making a significant financial investment in that country’s economy, such as through donations, real estate purchases or business ventures. Investment options typically include non-refundable donations, real estate investments and business investments.
The cost varies by country and investment option but generally ranges from around US$200,000 to US$350,000 for a single applicant through a non-refundable donation. Additional costs are associated with real estate investments and family members.
A golden visa is a type of residency by investment permit offered by numerous countries to those who make a significant investment in the country, typically in real estate, business or government bonds. Countries offering golden visa programs include Portugal, Spain, Greece and Malta.
Due to straightforward processes and investment options, countries often considered to have easier paths to citizenship include Portugal, Dominica, St Kitts and Nevis and Uruguay.
Malta’s Citizenship-by-investment program has been replaced by the Maltese Exceptional Investor Naturalisation (MEIN) program, which allows individuals and their families to acquire Maltese citizenship through a significant financial contribution to the economy and time spent in the country.
It’s Time to Obtain a Second Passport
If a passport’s value were wholly defined by its travel privileges alone, the United States would have among the world’s best citizenships and no one would be calling us to ask for help renouncing their US citizenship.
The best citizenship-by-investment program doesn’t exist, but the best citizenship-by-investment program for you does.
In our mind, the best citizenship by investment program is one that allows you to intelligently preserve your capital while accomplishing your goals.
One of the main goals for Nomad Capitalist is to make sure that all of one’s bases are covered, from where you bank to where you hold passports, without becoming obsessed with ‘shiny objects’ like Mediterranean villas.
Finally, while you’re on your quest for a second passport, it is important to note that the opportunities for citizenship by investment are constantly changing.
Several years ago, Mr Henderson became a citizen of the Comoros Islands via investment, but once a new government took over, they shut the program down. He can still use his passport – he does and will continue to be a Comorian citizen – but the program is no longer available to new applicants.
Citizenship by investment programs are fickle – they come and go.
That is one of the great lessons of the offshore world: when you see a golden opportunity, take it. You don’t know how long it will be available for the taking.
And that will be the best citizenship-by-investment program – an opportunity that meets your needs and that’s actually taken.
Working with a team that has gone through the process – for themselves and more than 1,500 high-net-worth individuals – will help you achieve the best results.
We personally understand your ‘why’.
If you are an entrepreneur or investor looking for other legal alternatives, feel free to reach out and see how we can help.
Get Tips to Reduce Taxes and Build Freedom Overseas
Sign up for our Weekly Rundown packed with hand-picked insights on global citizenship, offshore tax planning, and new places to diversify.

Top Gulf Countries for High-Net-Worth-Individuals in 2025
The Middle East has long been a destination for the world’s wealthy elites, drawn by its tax-friendly regimes, strategic location and booming economies. But nothing stays the same forever, and the countries of the Gulf Cooperation Council (GCC) are currently undergoing a profound regional transformation. The focus is no longer on oil executives and corporate […]
Read more

Best Countries to Move to With a Family for HNWIs in 2025
Relocating as a high-net-worth individual is one thing – doing it with your family is something else entirely. You no longer have to merely worry about tax rates, business setup or residency programs. When you’re moving with your partner and children, the stakes are much, much higher and the moving criteria list can shift dramatically […]
Read more

Nauru’s Citizenship Program for 2025
Most people have never heard of Nauru, a tiny island in the South Pacific with a population smaller than a football stadium crowd. But for those in the know, it offers one of the most convenient routes to a second passport. There’s no residency requirement, no real estate to manage and no drawn-out bureaucracy – […]
Read more
