Times have changed, and several countries are making changes in their legal system allowing foreign nationals to have free access in their countries. One needs to have enough monetary capital to enter a country through the citizenship by investment scheme. For those that cannot afford such expenses, some other countries have brought up cheaper means to gain legal entry in their countries.
The Maltese Government has recently approved selling its nationality through a program, at a cost of $900,000. This program provides EU benefits with very little restriction on passports of international travelers.
The European Availability:
While Brussels has very little to offer to foreign nationals, Portugal is coming up with new programs to offer fast lawful residency, like “Gold Residential Permit Programme”. This programme uses security of $675,000 and more through property investments. This programme does not offer complete residential guarantee though.
Ireland has also recently brought down the cost of the amount for investment to 50 percent, summing up to a total of $675,000 today. This amount helps one get residential permit in Ireland and Irish passport after five years.
Latvia offers a lucrative deal with residency for five years at a cost of $96,000. One can also get access to the Schengen Area based nations- where 26 countries of Europe share a common policy for visa. However, this privilege might soon come to an end owing to the political controversies on the rise in Latvia.
The Middle East for Nationality:
Alternative nationality requirements have risen owing to the wealth stored in countries like Iraq, Egypt, Syria and Libya and the rising violence in the Middle East regions. It has become impossible to retrieve the stable passports available in this region. These are so prestigious that they are distributed only to those people that have significantly contributed to the country’s development. Although, Bahrain has remained less strict about citizenship issues, Dubai has clear guidelines according to which only individuals owing property above $273,000 can apply for residential privileges.
Options in the Caribbean:
The various countries that make provision for lawful residence include:
Spain and Paraguay for Cheapest Entry:
There are many who fall short of the budget. Countries like Spain and Paraguay offer provision for legal residence in exchange of a minimal fee. The only condition is that the person concerned should have stayed within the country’s jurisdiction for three years (or more). Spain offers an added privilege of only a year’s stay for being able to marry a Spaniard.
So, the information above throws light on those countries that make the process of citizenship by investment less expensive and stressful. One can always consider choosing any of the above countries for earning dual citizenship.