Outbreaks of financial crises in many countries all around the world have created an opportunity which is not to be missed by those wanting to start a brand new life in a new country: citizenship by investment. If you invest a specified amounf of money in a country and meet certain criteria, you can get a residence permit and, after a while, you can become a citizen. Let’s take a look at some of the countries offering this chance.
The United States of America
The USA offers an indefinite residence permit to those investing $500 thousand in areas chosen by the US government, or establish a company with a capital of $1 million. Citizenship is offered to the investors in the 5th year of their investment.
The path to citizenship in Canada is also paved with investment. An investment of $400 thousand in additon to a bank account of at least $800 thousand will get you a Canadian citizenship.
The United Kingdom
An investment of £1 million is required for at least 5 years in order to be a citizen of the United Kingdom.
Creating employment opportunities by investing at least €250 thousand is a must in order to be a German citizen.
An investment with a value of $100 thousand is necessary for a Dominican citizeship. If you are married with children, the amount reaches $200 thousand.
Investing in real estate is rather significant in Latvia. Becoming a Latvian citizen entails purchasing a property with a value of at least €143,000 in urban areas or one with a value of €71,500 in rural areas.
Ireland is another country that attaches importance to real estate. Buying a property with a value of at least €400 thousand will also buy you a residence permit.
Malta is a member of the European Union. The fact that it is situated within the Schengen region and that it has a visa agreement with the USA stands this beautiful country among others. It offers citizenship in return for €650 thousand.
You need to have at least $2 million in your bank account if you want to be a Singapore citizen. Furthermore, you must have an annual turnover of $160 million.
The amount of money necessary for citizenship is not known for certain when Austria is the country in question. Apart from money, the country also requires an extraordinary talent or a success story.
Macedonia offers a residence permit for a year in exchange for a real estate purchase of €40 thousand. If what you are interested in is a Macedonian citizenship, then you need to consider an investment, the value of which is at least €400 thousand.
On the condition that you have resided in the country for at least a year, Bulgarian citizenship is only an investment worth $1.2 million away from you.
It is necessary to invest $200 thousand in Albania so as to earn the right to become a citizen.
Hong Kong is the largest free market in Asia, as well as the liveliest center for trade, industy and tourism. What earns a citizenship for this country is an investment with a value of approximately $1 million 260 thousand.
Now, Turkey is also among the countries to offer citizenship in return for investment. As the real estate sector in Turkey is on the rise, it has recently been suggested by the Minister of Economy that foreigners purchasing property with a value of at least $500 thousand may be offered Turkish citizenship.
Interested in purchasing property in Turkey? Click here.