Countries that offer direct citizenship

In some countries, interested parties can obtain citizenship immediately with the appropriate amount of money. Programs for economic engagement that offer this immediate citizenship (and minimum investment requirements) include: St. Kitts and Nevis ($250,000), Grenada ($250,000), Dominica (previously discussed), Cyprus ($2.9 million), and Antigua and Barbuda ($250,000).

Of these countries, only Antigua and Barbuda has a residency requirement. In this Caribbean island nation, applicants must spend at least five days every five years in Antigua and Barbuda territory to establish residency and at least 35 days within the first five years to meet citizenship requirements. Applicants have several options under this economic citizenship program, including a $1.5 million business investment, a $400,000 real estate investment, or a $250,000 donation to the government. Another option is to hold a $400,000 share in a $5 million business investment. Citizenship here is particularly attractive for those who need to travel to Canada, as an Antigua and Barbuda passport grants visa-free entry to that country.

Countries that have a citizenship eligibility period

In most countries, programs promoting economic engagement have a waiting period during which citizenship must be granted, allowing applicants to meet before receiving it. This requirement typically means that residents must first establish permanent residency for a certain period before applying for citizenship. Countries with a citizenship requirement (and minimum investment amount) include: the USA ($500,000), the United Kingdom ($1.3 million), Switzerland (between $170,000 and over $1 million), Spain ($582,375), Singapore ($1.83 million), Portugal ($582,375), New Zealand ($1.11 million), Malta ($1.34 million), Latvia ($40,766), Ireland ($582,375), Hungary ($291,187), Greece ($291,187), France ($11.65 million), Canada ($280,000 or $640,000 depending on the province), Bulgaria ($582,375), and Australia ($3.97 million).

Of these countries, Switzerland has the longest citizenship period, with 12 applicants. This country is highly sought after due to its political stability, high standard of living, and developed status. Furthermore, it is considered a top retirement destination for many. Applicants are advised to have at least $1 million available before applying and have two options: to establish a company or to pay an annual residency tax. Depending on the area of ​​residence within Switzerland, the annual tax can range from $170,000 to just over $1 million. If investors choose this option, they do not need to disclose their income or financial assets. This process typically takes between three and four months.