4 Second Passports and Residencies by Investing in Bonds 

Why choose bonds for your residency or citizenship investment ?

Because many high-net-worth individuals prefer an investment that brings them a potential return, rather than a non-refundable donation. They also might want to avoid the complexities and costs associated with buying and managing a decently priced property.

For such individuals, investing in bonds is the next best option. If you don’t like the idea of investing in offshore real estate or making a non-refundable donation to acquire residency or citizenship, read this article and set up a call with us today to discuss your options.

St Lucia’s Citizenship by Investment

First on our list is the beautiful island of St Lucia.

St Lucia’s citizenship by investment bond program requires an investment of US$300,000, plus a processing fee of US$50,000. So, for a lot of people, the costs involved just never made enough ROI sense. However, you can still invest your money in bonds for five years, gain a second citizenship in the Caribbean , and eventually get that US$300,000 back, making it a safe option with a lot of benefits.

If you don’t want to tie up nearly half a million dollars for the next five years, the US$100,000 donation option is one of the most affordable options for citizenship by investment.

You can learn more about St Lucia’s citizenship by investment program here .

Turkey’s Citizenship by Investment

Turkey’s citizenship program is unique because it can be obtained in a matter of months – through various investment options.

Most people choose the US$400,000 real estate option . This is because there are some decent real estate investment opportunities in Turkey , especially if you work with a team like Nomad Capitalist. We can help you buy offshore real estate like a local and get the best deals that add immense value to your investment portfolio.

But for some people, getting into foreign real estate is quite a hassle, making Turkey’s bond investment option much more attractive.

With it, you must invest at least US$500,000 in bonds to qualify for citizenship.

This option permits you to invest in Turkey, get citizenship in three to four months, and have visa-free travel to more than 110 countries. For more information on Turkey, look at our Ultimate Guide to Turkish Citizenship.

Now, let’s talk about a few countries where you can get a residence permit through bond investment.

Andorra Bond Investments

Located in the Pyrénées, between Spain and France, sits Andorra. This country offers a Category A residence program with a €400,000 investment requirement.

Before we dig into the specific investments, there are a couple of different criteria you need to satisfy to become a resident of Andorra.

One of them is that you do actually need to be in the country for 90 days a year.

The other one is you need to set up a bond for yourself to make sure you can support yourself.

While most people tend to only consider real estate investment in Andorra, opportunities also exist to invest in Andorran debt. However, even after you put €600K into the government of Andorra, it’s a very, very long road to citizenship — even longer than Spain.

You’re looking at decades.

But that’s better than a residence permit that will never lead to citizenship. And if you’re looking for a peaceful, rather isolated, very tax-friendly country with great options for starting a business , then Andorra might be a good option for you.

It’s also a cheaper bond option than in Portugal. Portugal may be easier to handle if you’re looking to make other investments, but if you just want to make a capital investment, then Andorra might not be a bad opportunity for you.

Latvia Bond Investments

The last Golden Visa opportunity in Europe worth considering is in Latvia. This program used to be pretty popular, but it’s kind of fallen out of favour as they don’t actually issue as many residence permits to investors as they used to.

The most common investment is to form a company and pay a certain amount of tax every year. So, if you have a business, that may be one way to go.

There’s also a real estate option , but it’s a little bit more restrictive than some of the other Golden Visas in Europe.

You can also secure a Latvian residence permit by investing €250,000 in government debt at 0% interest. It starts as a temporary permit but can become permanent if you spend enough time in the country. Otherwise, you just keep it as a temporary permit for as long as you hold the investment.

While this may not be ideal for acquiring a second citizenship, Latvia holds a unique appeal for those who appreciate the four seasons and Eastern European charm.

Riga has really developed into a charming city over the past decade. With beautiful winters and a calm atmosphere, it’s an excellent choice for those seeking a quieter lifestyle.

Portugal is becoming more popular—it’s certainly warmer there—but Riga offers some interesting opportunities. If this fits your description of your Nomad Capitalist lifestyle, then it’s definitely worth looking into Latvia’s program for bond investors.

Investing in Bonds: FAQs

Get Your Plan B Now

Whether you want a second residency or citizenship, the best time to get it is now. Two years ago, this list included eight countries. Now it contains four. Who knows, next year, how many countries will cancel the bond investment route or shut down whole programs?

If you don’t act now, you risk missing out on opportunities of a lifetime. So what are you waiting for?

Set up a call with us today to start your offshore journey.