Nowadays, several countries are offering economic citizenship programs in which an investor gets a country’s passports in exchange for an investment they make in that country. Investment can either be made in a national fund, government bond or real estate property purchase.
Caribbean countries were the first to introduce such programs, but European countries were soon to follow.
European Citizenship is a highly sought commodity amongst investors thanks to its countless benefits including:
- visa-free travel to the Schengen and EU countries
- legally residing in an economically stable area
- studying in any of Europe’s prestigious educational institutes
- social benefits including pension, employment and disability benefits
- advantageous tax system and financial tools.
However, Citizenship by Investment programs is not offered by all European countries. Here’s an overview of the 3 countries that do:
Through a three-part investment consisting of a contribution to the Government of Malta, a property purchase, and an investment in Government Bonds, investors and their families can obtain Malta Citizenship-By-Investment in as little as 6 months.
Malta passport is one of the strongest worldwide allowing visa-free travel to over 180 countries.
Cyprus Citizenship by Investment
Through investment in real estate, investors and their families may obtain Cyprus citizenship by investment and Cyprus passport in 6 short months. Cyprus’s location in the Eastern Mediterranean and its geographic closeness to Syria, Egypt, and Lebanon make it an attractive option for investors who are looking to relocate to a stable country with a culture that is relatively similar to their own.
Cyprus passport is another strong passport allowing visa-free travel to around 175 countries.
Also, having the lowest income tax in Europe, Cyprus’ citizenship is an attractive option for businessmen.
Through the purchase of immovable property, investors will qualify for Turkey Citizenship by Investment program and will be able to live in one of the most fascinating European countries.
The Turkish government introduced a fast track option for the citizenship by investment program of Turkey allowing investors to get their passport in 3-6 months.
As for visa-free travel, Turkish passport allows its holders to travel to more than 110 countries. However, it is worth noting that the Turkish passport does not grant you access to the United Kingdome or the United States or to any of the Schengen countries as it is not part of the EU.
If you are considering obtaining a European passport, one of the world’s most welcomed travel documents, Bluemina’s team will gladly assist you throughout your application process. Get in touch with us today and start your journey towards becoming a global citizen.