We live in complicated times, so the more we can keep things simple; the better. Acquiring new passports for your family can be a long and winding journey. In this article, we’ll show you where to get an easy passport in 2024.
There are two main paths to a second passport that investors can take. The first is the longest of the two, Residency by Investment. You can become a citizen after a period of naturalization.
By far the quickest way to get your hands on another passport is to do so via Citizenship by Investment. In return for investing in the country, you become a national. This allows you to then apply for the country’s passport.
“Due to the new layer of extra diligence,” explains Our Man in the Caribbean Chris Willis, “Antigua and Barbuda has become a safer country to invest in a citizenship.” “Yet the minimum investment remains a $100,000 donation to the National Development Fund.”
“There are advantages of spending more than the requisite five days in five years on Antigua,” reveals Willis. “You’ll be able to fully explore the Land of 365 Beaches, one for every day of a non-leap year.”
You’ll receive Antigua and Barbuda Citizenship by Investment and the subsequent passport within five to seven months. Then you’ll benefit from being able to visit 150+ countries without the need to apply for a visa.
What’s more, you can bring your spouse and dependent children, parents, and grandparents with you. In fact, you can even add siblings who are not married. Antigua and Barbuda represents the most cost-effective option for families.
“I’m Maltese but even if I wasn’t, I’d still say that Malta offers the easiest passport,” reveals our Malta Managing Partner Ryan Darmanin. “It’s not me being biased when I point out that Malta is the only country to offer both Residency and Citizenship by Investment.”
“Neither is it part of my patriotic duty to celebrate Maltese Exceptional Investment Naturalization. I recommend MEIN as part of my professional responsibility.” “The same goes for the Malta Permanent Residence Programme (MPRP).”
Maltese Exceptional Investment requires a minimum investment of $600,000 and you can qualify for a passport of the strength of Ireland and Italy within 16-18 months.
The necessary MPRP outlay is at least $150,000. You can gain Maltese citizenship by naturalizing in a country where one of the two official languages is English.
“The Portuguese Golden Visa is still golden,” claims our Portuguese Residency by Investment specialist Jon Green. “That’s despite the removal of the popular real estate option.”
“You can qualify for a Portuguese passport after five years of residency.” “The actual physical residence requirement is minimal, a mere seven days a year in the country but we do recommend spending more time as you approach Year 5 to help demonstrate genuine ties to the country.”
The Portuguese Golden Visa is the second lowest-priced European Residency by Investment, after Malta. You need to donate at least €200,000. However, this must support either artistic production or national heritage maintenance in a less densely-populated area, and the €500,000 Portuguese investment or venture capital fund option is more viable.
“Spanish people are as warm and welcoming as the climate,” remarks David Regueiro, our Spanish Residency by Investment expert. “In terms of quality of life, family-friendly Spain is hard to beat.”
“A Spanish passport is yours after 10 years of legal residence in the country.” “As a highly livable country with a captivating capital city and other magical metropolises, you won’t be counting down the clock in Spain.”
The Spanish Golden Visa maintains its value. That’s because the most regular choice of investment is tied to a €500,000 property purchase. You can recoup this buy by selling at a later date, at a profit with Spanish real estate one of the biggest-growing property markets in Europe.
“The Caribbean is well known amongst Americans as a vacation destination,” points out Christopher Willis. “They like the proximity of the islands to the American mainland.”
“St Lucia’s Hewanorra International Airport connects the island with the likes of Miami, Newark, and New York.” “The Citizenship by Investment Unit has diversified its investment range in 2024, with four main options now available.”
As well as enhanced global mobility thanks to its passport, St Lucia Citizenship by Investment is the cheapest Caribbean Citizenship by Investment.
You can include unmarried siblings under the age of 18 in your application. There are no physical residency stipulations and no language tests to take unlike in European countries such as Portugal and Spain.
Generally speaking, you’ll secure an easy passport most conveniently via the Caribbean CBI Programmes. However, the European RCBI Programmes will attract those looking for stronger passports.
To find out which is the ideal solution for you and your family, don’t delay and contact RIF Trust today.