Passports of small countries for one-step investment and naturalization are becoming more and more popular among high-net-worth individuals, because these passports can allow many investors to apply for them without leaving their homes, enjoy the allocation of overseas assets, tax planning and visa-free global treatment.
At present, there are 8 countries in the Global Citizenship by Investment Act project that have been favored by global investors due to their high cost performance, high gold content, fast processing speed, and low application threshold. The eight countries are: Saint Kitts, Grenada, Saint Lucia, Vanuatu, Antigua, Dominica, Panama and Turkey.
The following is a brief introduction to you from the aspects of the project bill, processing cycle, processing fee, passport validity period, gold content, etc.
01. Bill support
St. Kitts is one of the first countries to introduce a citizenship by investment bill, which was issued in 1984 and has been running smoothly for 40 years, with a long history, stable policies, and the highest visibility, attracting many global investors.
The Saint Lucia Citizenship by Investment Act was issued in 2015 and has been operating stably for more than 8 years, which is relatively young and relatively low-key in these countries, but with the sharp increase in the price of St. Kitts passports, Saint Lucia, which is also a Commonwealth country, has a significant price advantage.
02. Processing cycle
From signing to getting the identity, the whole cycle of these projects is between 3~8 months, Vanuatu is the fastest among all projects, Panamanian passport is about 3 months, St. Kitts passport, Grenada passport, Saint Lucia passport, Antigua passport is generally 4~6 months, Dominica passport, Turkish passport 6~8 months.
03. Processing fee
How much it costs depends on which investment option the applicant chooses, as well as how many applicants there are. Taking the most common donation model as an example, the cost of a single donation ranges from 8~150,000 US dollars. Vanuatu has a minimum of $80,000 per person, and Dominica has a single donation of $108,000 (all inclusive), which is currently the lowest cost of any Caribbean passport. The second is the Saint Lucia passport, which starts at $125,000.
04. Passport validity
The St. Lucia, Grenada and Panamanian passports are all valid for 5 years, and the St. Kitts and Dominica passports are valid for 10 years. 6 months before the expiration of the passport country can go to the passport country for a new one, or entrust us to renew, because some countries have not established diplomatic relations with us, the cost of flying in person is higher, we are a number of national government authorized agents, have their own team of lawyers, follow-up services are perfect, convenient for customers to replace passports.
05. Passport gold content
The gold content of the passport is the number of visa-free areas in the passport. Among these 8 countries, St. Kitts, St. Lucia, and Panama can be exempted from visas on average about 150, and the number of visa-free countries is between 100-140. In addition to visa-free countries such as the European Union, Schengen, etc., Panama can also springboard Spain and the United States. Grenada and Dominica can be visa-free to China. It is recommended that you choose a suitable passport according to your actual situation and which countries you often need to travel.
06. Residential properties
Most of the people who apply for passports of small countries are for tax planning, offshore finance, etc., and applicants will not want to live locally, everyone thinks that countries that can directly get passports are not suitable for living, but there are always exceptions, Turkey and Panama, the local environment and welfare of these two countries are very friendly, suitable for living, and getting the identity of these two countries can not only meet the needs of asset planning, visa exemption, etc., but also move to the local area and start a foreign life.
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