How To Find The Best Citizenship-By-Investment Option

For You And Your Family

Obtaining a second passport could be one of the best investments you’ll ever make. And citizenship-by-investment is an excellent shortcut that will help you get
one quickly. This graphic will give you an overview of available options. And since everyone’s situation and preferences are different, consider this a tool to assist you
make a selection that’s best for you. To learn more about citizenship by investment and how to decide whether it’s right for you, please read our in-depth article on
this second passport option.

CITIZENSHIP-BY-INVESTMENT PROGRAM COMPARISON

This table gives you an overview of the available citizenship-by-investment options and their cost.
Use it to compare the programs and get a better idea of which ones are most suitable for your situation and preferences.

SM SM POTENTIAL COST FOR COST PER VISA- COST FOR COST PER VISA-
VISA-FREE ACCESS TO ACCESS TAXATION OF INVESTMENT
PASSPORT COUNTRY PASSPORT PASSPORT RETURN OF SINGLE FREE COUNTRY FAMILY FREE COUNTRY
COUNTRIES SCHENGEN TO THE US INDIVIDUALS OPTION
GRADE RANK INVESTMENT7 PERSON1 (SINGLE)1 OF 41,2 (FAMILY)1,2
CARIBBEAN
Donation 7 $109,600 $891 $207,900 $1,690
Saint
Lucia
B- 82 123 3 7 Residence Based5 Real Estate 3 $359,500 $2,923 $452,500 $3,679

Govt. Bonds 3 $509,500 $4,142 $567,000 $4,610

Antigua & Donation 7 $132,800 $1,029 $141,200 $1,095

Barbuda
B 76 129 3 7 No Income Tax6
Real Estate 3 $257,800 $1,998 $266,200 $2,064

St. Kitts Donation 7 $157,850 $1,205 $207,700 $1,585

& Nevis
B 71 131 3 7 No Income Tax6
Real Estate 3 $242,800 $1,853 $287,900 $2,198

Donation 7 $158,250 $1,297 $221,000 $1,811

Grenada B 61 122 3 7 Residence Based5
Real Estate 3 $278,250 $2,281 $286,500 $2,348

Donation 7 $109,950 $932 $218,300 $1,850

Dominica B 79 118 3 7 Residence Based5
Real Estate 3 $233,500 $1,979 $247,500 $2,097
EUROPE
Combination
(with property Partial $975,824 $6,176 $1,097,802 $6,948
rental)
Malta A 24 158 3 3 Residence Based 5
Combination
(with property Partial $1,263,736 $7,998 $1,395,604 $8,833
purchase)
Residential Partial $2,362,637 $15,544 $2,373,626 $15,616
real estate8

Cyprus Commercial
B+ 46 152 3 7 Residence Based5
real estate8 Partial $2,912,088 $19,158 $2,923,077 $19,231

Various Partial $2,912,088 $19,158 $2,923,077 $19,231

businesses8
Government
Bonds 3 $1,129,944 $7,533 $1,129,944 $7,533
Bulgaria B+ 48 150 3 7 Residence Based 5

Business Bonds 3 $1,129,944 $7,533 $1,129,944 $7,533

Real Estate
(Underdeveloped Partial $401,099 $2,639 $434,066 $2,856
areas)
Montenegro B- 83 111 3 7 Residence Based5
Real Estate
(prime areas) Partial $620,879 $5,594 $653,846 $5,891

Moldova B- 92 106 3 7 Residence Based5 Donation 7 $161,538 $1,524 $220,879 $2,084

OTHER
Vanuatu B- 86 117 3 7 No Income Tax6 Donation 7 $130,000 $1,111 $180,000 $1,538

Real Estate 3 $250,000 $2,232 $250,000 $2,232

Bank deposit 3 $500,000 $4,464 $500,000 $4,464

Turkey C 97 112 7 7 Residence Based5 Various
Investment 3 $500,000 $4,464 $500,000 $4,464
Funds
Government
Bonds 3 $500,000 $4,464 $500,000 $4,464
Public
Securities 3 $1,500,000 $30,000 $1,500,000 $30,000

Bank deposit 3 $1,500,000 $30,000 $1,500,000 $30,000

Local
Jordan D 136 50 7 7 Residence Based5 Businesses 3 $1,000,000 $20,000 $1,000,000 $20,000
Government
Bonds 3 $1,500,000 $30,000 $1,500,000 $30,000

Various
Investments 3 $2,000,000 $40,000 $2,000,000 $40,000

FOOTNOTES:
(1) Using currency exchange rates of $1USD=0.91 euros; $1USD=1.77 Bulgarian Lev
(2) For all-in cost calculations, a “Family Of 4” is defined as two adults with two children ages 12-15
(3) Combination of Donation, Real Estate and Government-approved Financial Instruments
(4) Combination of Real Estate, Business Project and Business Bonds
(5) Residence based taxation does NOT mean you will automatically have to pay taxes in your new homeland. Only after you become a tax resident there you will need to pay taxes on income both from within and outside of the country
(6) Countries with no income tax will not tax any of your income (domestic or foreign) even if you become a tax resient there
(7) In most European countries, the various investment options include a one-time donation to the government which is non-recuperable
(8) In Cyprus, you will be required to pay VAT on any purchase, meaning that your total investment amount could be substantially higher than the amount you see in the table

Visa-Free Access Comparison Of The

Citizenship-By-Investment Passports
This section shows you which countries you can visit with each passport without needing to apply for a visa. Some passports offer more visa-free countries than others,
but those additional countries may not be important to you. Use the tables in this section to find out which passport has the best global coverage for you.

VISA-FREE COUNTRIES FOR ALL PASSPORTS

The Turkey and Jordan passport is significantly worse than all other passports presented here and we don’t

FREE
recommend that option. That’s why we’ve excluded it from these tables.

EUROPE AMERICAS ASIA OCEANIA AFRICA CARIBBEAN MIDDLE EAST

Andorra Liechtenstein Bolivia Cambodia Micronesia Benin Cuba Armenia
Austria Lithuania Ecuador Laos Palau Cape Verde Dominica Iran
Belgium Luxembourg Nicaragua Macau Samoa Comoros Grenada Palestine
Bosnia and Herzegovina Malta Panama Maldives Timor-Leste Guinea-Bissau Haiti
Bulgaria Moldova Peru Nepal Tuvalu Madagascar Jamaica
Croatia Monaco Malawi Saint Kitts and Nevis
Cyprus Montenegro Mauritania St. Vincent and the Grenadines
Czech Republic Netherlands Mauritius
Denmark Norway Mozambique
Estonia Poland Rwanda
Finland Portugal Seychelles
France Romania Somalia
Germany San Marino Tanzania
Greece Slovakia Togo
Hungary Slovenia Uganda
Iceland Spain Zambia
Italy Sweden
Latvia Switzerland

DIFFERENCES BETWEEN PASSPORTS

ANTIGUA & ST. KITTS

COUNTRY ST. LUCIA GRENADA DOMINICA MALTA CYPRUS BULGARIA MONTENEGERO MOLDOVA VANUATU
BARBUDA AND NEVIS
EUROPE
Albania 7 3 3 7 7 3 3 3 3 3 7
Belarus 7 3 3 7 3 3 3 3 3 3 3
Georgia 7 3 7 7 7 3 3 3 3 3 7
Ireland 3 3 3 3 3 3 3 3 7 7 3
Kosovo 3 3 3 3 3 3 3 3 3 7 3
North Macedonia 7 3 3 7 7 3 3 3 3 3 7
Russia 7 3 3 3 3 7 7 7 3 3 3
Serbia 7 3 3 3 3 3 3 3 3 3 7
Ukraine 7 3 3 7 7 3 3 3 3 3 7
United Kingdom 3 3 3 3 3 3 3 3 7 7 3

ANTIGUA & ST. KITTS

COUNTRY ST. LUCIA GRENADA DOMINICA MALTA CYPRUS BULGARIA MONTENEGERO MOLDOVA VANUATU
BARBUDA AND NEVIS
AMERICAS
Argentina 3 7 3 3 7 3 3 3 3 7 7
Belize 3 3 3 3 3 3 3 3 7 7 7
Brazil 7 3 3 3 3 3 3 3 3 7 7
Canada 7 7 7 7 7 3 3 3 7 7 7
Chile 3 3 3 3 7 3 3 3 3 3 7
Colombia 3 3 3 3 3 3 3 3 3 3 7
Costa Rica 3 3 3 3 3 3 3 3 3 7 3
Dominican Republic 3 3 3 3 3 3 3 3 7 7 3
El Salvador 3 3 3 7 7 3 3 3 7 7 3
Guatemala 3 3 3 7 7 3 3 3 7 7 3
Guyana 3 3 3 3 3 7 7 7 7 7 7
Honduras 3 3 3 7 7 3 3 3 7 7 3
Mexico 7 7 7 7 7 3 3 3 7 7 7
Paraguay 7 7 7 7 7 3 3 3 7 7 7
Suriname 3 3 3 3 3 3 7 7 7 7 7
United States 7 7 7 7 7 3 7 7 7 7 7
Uruguay 7 7 3 3 3 3 3 3 3 7 7
Venezuela 3 3 3 3 3 3 3 3 7 7 7

ANTIGUA & ST. KITTS

COUNTRY ST. LUCIA GRENADA DOMINICA MALTA CYPRUS BULGARIA MONTENEGERO MOLDOVA VANUATU
BARBUDA AND NEVIS
ASIA
Azerbaijan 7 7 7 7 7 7 7 7 7 3 7
Bangladesh 3 3 3 3 3 3 3 3 3 3 7
Brunei 7 7 7 7 7 3 3 3 7 7 7
China 7 7 7 3 7 7 7 7 7 7 7
Hong Kong 3 3 3 3 3 3 3 3 3 7 3
Indonesia 3 3 3 3 3 3 3 3 7 3 3
Japan 7 7 7 7 7 3 3 3 7 7 7
Kazakhstan 7 7 7 7 7 3 3 3 7 3 7
Kyrgyzstan 7 7 7 7 7 3 3 3 3 3 7
Malaysia 3 3 3 3 3 3 3 3 7 3 3
Mongolia 7 7 7 7 7 3 3 7 7 7 7
Pakistan 3 7 3 7 7 3 7 7 7 7 7
Philippines 3 3 3 3 3 3 3 3 7 7 3
Singapore 3 3 3 3 3 3 3 3 3 7 3
South Korea 3 3 3 3 3 3 3 3 3 7 7
Sri Lanka 7 7 7 7 7 3 3 3 3 3 3
Taiwan 3 7 3 7 7 3 3 3 7 7 7
Tajikistan 7 7 7 7 7 3 7 7 7 3 7
Thailand 7 7 7 7 7 3 3 3 7 7 3
Uzbekistan 7 7 7 7 7 3 3 3 3 3 7

ANTIGUA & ST. KITTS

COUNTRY ST. LUCIA GRENADA DOMINICA MALTA CYPRUS BULGARIA MONTENEGERO MOLDOVA VANUATU
BARBUDA AND NEVIS
OCEANIA
Australia 7 7 7 7 7 3 3 3 7 7 7
Fiji 3 3 3 3 3 3 3 3 7 3 3
Kiribati 3 3 3 3 7 3 3 3 7 7 3
Marshall Islands 7 7 7 7 7 3 3 3 7 7 3
Nauru 7 7 7 7 7 7 7 7 7 7 3
New Zealand 7 7 7 7 7 3 3 3 7 7 7
Papua New Guinea 7 7 7 7 7 3 3 3 7 7 3
Solomon Islands 3 3 3 3 3 3 3 3 7 7 3
Tonga 3 7 3 7 3 3 3 3 7 7 3
Vanuatu 3 3 3 3 3 3 3 3 7 7 3

ANTIGUA & ST. KITTS

COUNTRY ST. LUCIA GRENADA DOMINICA MALTA CYPRUS BULGARIA MONTENEGERO MOLDOVA VANUATU
BARBUDA AND NEVIS
AFRICA
Botswana 3 3 3 3 3 3 3 3 7 7 3
Burkina Faso 7 7 7 7 7 3 7 7 7 7 7
Djibouti 7 3 7 7 7 7 7 7 7 7 7
Egypt 3 3 3 3 3 3 3 3 3 7 3
Eswatini 3 3 7 3 3 3 3 7 3 7 3
Gabon 7 7 7 7 7 3 3 3 7 7 7
Gambia 3 3 3 3 3 3 3 3 3 7 3
Kenya 3 7 3 3 3 3 3 3 3 3 3
Lesotho 3 3 3 3 3 3 3 7 7 7 3
Morocco 7 7 7 7 7 3 3 3 7 7 7
Namibia 7 7 7 7 7 7 7 3 7 3 7
Sao Tome and 7 7 7 7 7 3 3 3 7 7 7
Principe
Senegal 3 3 3 3 3 3 3 3 7 7 3
Sierra Leone 3 3 3 3 3 3 3 3 7 7 3
South Africa 7 3 7 7 7 3 3 7 7 7 7
Tunisia 3 3 3 7 7 3 7 3 3 3 7
Zimbabwe 3 3 3 3 7 3 3 3 7 3 3

ANTIGUA & ST. KITTS

COUNTRY ST. LUCIA GRENADA DOMINICA MALTA CYPRUS BULGARIA MONTENEGERO MOLDOVA VANUATU
BARBUDA AND NEVIS
CARIBBEAN
Antigua and Barbuda 3 3 3 3 3 3 3 3 7 3 3
Bahamas 3 3 3 3 3 3 3 3 7 3 3
Barbados 3 3 3 3 3 3 3 3 7 3 3
Saint Lucia 3 3 3 3 3 3 3 3 3 7 3
Trinidad and Tobago 3 3 3 3 3 3 3 3 3 7 3

MIDDLE EAST
Bahrain 7 7 7 7 7 3 3 3 7 7 7
Israel 3 7 3 3 3 3 3 3 3 3 3
Jordan 3 3 3 3 3 3 3 3 3 7 3
Kuwait 7 7 7 7 7 3 3 3 7 7 7
Lebanon 7 3 3 7 7 3 3 3 3 3 7
Qatar 7 3 7 7 7 3 3 3 3 3 7
Saudi Arabia 7 7 7 7 7 3 3 3 3 7 7
Turkey 3 3 3 3 3 3 3 3 3 3 7
United Arab Emirates 7 7 7 3 7 3 3 3 3 7 7

LAST UPDATED OCTOBER 17TH, 2019