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Find out where and how much it costs to get a second passport?

A few European countries and the Caribbean offer such schemes as citizenship by investment, but it all depends on your financial status. This type of investment varies from country to country and ranges from a donation or development fund to real estate investment in a government-approved area.

If you want to get a second passport with your family, you will have to decide where you wish second passport countries to settle down. If you take a European passport, then you can move around freely in 27 countries. You can live and work anywhere in Europe.

What is the easiest country to get a second passport? There are no shortcuts to this. There is always a price for something you want to buy; then, you need to make calculated decisions for this.

The below-mentioned countries offer the 2nd Passport with a substantial investment:

Antigua and Barbuda – approximate minimum investment required $ 100,000.00

There are three types of avenues for securing an Antiguan and Barbudan passport:

1. A minimum direct contribution of $ 100,000.00 to the National Development fund.

2. Purchase of approved real estate minimum investment $ 400,000.00

3. Purchase of an eligible business worth $1.500,000.00

These quotes are for a single person or a family of up to four members. Also, additional costs apply for additional dependants, government fees, agent fees, etc.

The process will take about 4 to 5 months from the time of application cheapest passport to buy, and please note that there may be a delay to the pandemic. However, you do not have to renounce your initial passport as Antigua allows dual nationality. In addition, an Antiguan passport allows you to travel visa-free to 151 countries.

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Moldova – approximate minimum investment required $ 140,000.00

The would-be a contribution to the Public Investment Fund, and this would be for a couple. For a family of four, the cost will be approximately $ 170,000.00, and be advised that there will be some extra costs such as agent fees, government fees, etc.

The only route to this citizenship is a direct payment into the Public Investment Fund.

The process will take about 4 to 5 months from the time of application, and please note that there may be a delay due to the pandemic. However, you do not have to renounce your initial passport as Moldova allows dual nationality. In addition, a Moldovan passport allows you to travel visa-free to 120 countries.

Dominica – approximate minimum investment required $ 100,000.00

There are two options for easy excess to a Dominican passport:

1. You must invest a minimum of $ 100,000.00 into the Economic Diversification Fund.

2. Or purchase an approved real estate with a minimum value of $ 200,000.00

The process will take about 4 to 5 months from the time of application, and please note that there may be a delay due to the pandemic. You do not have to renounce your initial passport as the Dominican government allows dual nationality. A Dominican passport allows you to travel visa-free to 140 countries.

St Lucia – approximate minimum investment required $ 100,000.00

There are four routes to secure the St Lucian passport:

  1. A contribution of $ 100,000.00 to the National Economic Fund.

2. Purchase an approved real estate with a minimum value of $ 300,000.00

3. Invest in a non-interest-bearing government bond with a minimum value of $500,000.00

4. Investment in an approved enterprise project which will create a minimum of 3 permanent jobs for a minimum of $ 3.5 Million

Each route cost is for an individual, and any additional dependent will have to pay a minimum of $ 25,000.00 plus government processing fees, agent fees, etc.

How to get a second passport for another country there might be some delays due to the pandemic. After issuance of your citizenship, it will take approximately two weeks to be expedited. The St Lucian passport will give you visa-free access to 146 countries, and there is no requirement to renounce your citizenship.

Grenada – approximate minimum investment required $ 150,000.00

There are two different routes towards attaining Grenadian citizenship.

1. A payment of $ 150,000.00 into the National Transformation Fund.

2. To be able to purchase an approved real estate worth a minimum value of 350,000.00

The above fees are for a single applicant. There would be additional costs for a family of 4 and other dependents joining the applicant with government processing fees, agent fees, etc.

The process will take about 4 to 5 months from the time of application, and please note that there may be a delay due to the pandemic. You do not know how to apply for a second passport have renounced your initial passport. The St Lucian government allows dual nationality. A St Lucian passport allows you to travel visa-free to 142 countries.

St Kitts & Nevis – approximate minimum investment required $ 150,000.00

To secure St Kitts citizenship, you have two routes, and they are:

1. A contribution of $ 150,000.00 directly into the Sustainable Growth Fund.

2. A purchase of an approved real estate with a minimum value of $ 200,000.00

This is for a single applicant, and additional dependants/person joining will have to pay an additional cost. Remember, there will also be further costs such as government processing fees, agent fees, etc.

St Kitts government allows dual citizenship, and you do not need to renounce your 1st citizenship. In addition, St Kitts passport allows you visa-free travel to 156 countries.

Turkey – an approximate minimum investment of $ 250,000.00

Procurement of Turkish citizenship has several options:

1. To have a balance deposit of $ 500,000.00 in a Turkish Bank account.

2. To purchase an approved real estate with a minimum value of $ 250,000.00

3. To invest a minimum of $500,000.00 in Government Bonds.

4. To contribute a minimum of $ 500,000.00 towards real estate investment, fund share, or a venture capital investment fund share.

5. Creating a minimum of 50 Jobs

Each option is for an individual, and there will additionally be costs for dependents and government fees, agent fees, etc.

This citizenship process can take 4 to 5 months from the submission of the application. Please be advised that there could be delays due to the pandemic. Turkey allows dual citizenship to get a second passport for free; hence, there shall be no need for you and the family to renounce the 1st citizenship. A Turkish passport allows you a visa-free excess to 111 countries.

Cyprus – an approximate minimum investment of $ 2 Million

There are two requirements to get Cyprus citizenship.

1. Donation of $ 84,000.00 paid directly into the Research and Innovation Fund

2. A donation of $84,000.00 was paid directly to the Cyprus Land Development Corporation.

In addition to the above applicants have to choose one of the below options

1. Approved Real Estate purchase to a tune of $ 2 million

2. Creation or buy a business worth $ 2.53 million

3. Invest in Bonds, securities, and debt securities of business based in Cyprus to a tune of $ 2.35 million

You can use any combination with the above investments, as long as the total investment is $ 2.35 Million. However, this is for the applicant only; there will be an additional fee for any dependents with government fees, agent fees, etc.

This process can take 6 to 8 months from the date of application. Please note it can take more time due to the pandemic. Cyprus allows dual citizenship and buys passports online; hence there will be no need to renounce the first citizenship. Cyprus passport allows free access to 174 countries. This is the most expensive citizenship by investment program.

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