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It is hard to say which one CBI programme is the best or most popular, as each programme has its own benefits. Finding the right programme for an individual and their families, is entirely dependent on their needs and requirements. There are several different factors that applicants should consider before deciding on which passport and citizenship they wish to apply for. Here are just a few of the factors you should take into consideration
What are your needs and desires?
Why do you really want a second passport? Are you looking for somewhere to settle down and live? Do you aim to find a country that allows for better tax planning options? Or are you hoping to travel the world without visa restrictions? These are all questions that should be asked before continuing your journey to obtaining second citizenship.
Where do you want to travel, live or do business?
Whilst some CBI programmes offer more countries visa free, only a limited number of them offer access to USA’s E-2 visa, only Montenegro allows visa free access to Russia, and Grenada is the only country that allows visa free access to China. As such, it is important to consider which countries you really want or need to travel to, and look to see which programmes offer access to those countries. Turkey is also a major business hub, acting as the bridge between the east and west. A Turkish passport also offers visa free access to the UK and easy access to the US, both of which are key centres for global businesses. In which case, a Turkish passport can be beneficial for business purposes.
Are you investing in a passport for economic purposes?
Vanuatu, St Kitts & Nevis, and Antigua & Barbuda offer attractive tax incentives for citizens, including tax free living. With that being said, these programmes require one time donations, and so the upfront costs involved cannot be recouped. Turkey offers one of the best programmes in terms of real estate investment, so after 3 years of holding the investment, applicants are able to sell their property and have the potential for earning capital gains.
Do you have family or dependents?
Another factor that should be brought into consideration, is whether you have family or dependents that will be applying for citizenship under your application. If you are a single applicant, then Dominica offers a relatively cheap programme. However, if you will be applying as a family of four, then Antigua & Barbuda may be a more cost effective option.
Do you want to visit your host country?
Some applicants for CBI programmes have no want nor desire to visit the country they are applying for. It is therefore important to be aware that certain countries require applicants to stay in the country for a certain period of time. For example, Antigua & Barbuda require applicants to stay for a minimum of 5 days over a 5 year period. On the other hand, some applicants may decide to live and reside in the country that they are claiming citizenship. It is therefore important to understand the quality of life for the programmes being considered. Malta offers an excellent standard of living as well as providing free healthcare to its citizens. Antigua & Barbuda offers a luxury island escape, and is a second home to several of the rich and famous.
It is clear that different citizenship by investment programmes have different things to offer. With every applicant having their own personal reasons for getting a second passport, it is impossible to say which citizenship programme is best, as each programme will suit different individuals in their own way. The process of choosing which citizenship to go for can be a daunting experience. That is why our expert consultants are on hand and are happy to give a free consultation to assess the needs of you and your family and will help you choose which programme is the best fit.