The Fastest Countries to Get a Second Passport, Citizenship-by-investment (CBI) is a program that allows you to invest in a second passport. This would be the smartest option if your goal is to travel the world visa-free and provide better business opportunities on a global scale.
Below are the top two CBI programs with the shortest processing times and the lowest investment requirements:
Vanuatu being the one and only country from the South Pacific to offer an investment program, recently launched its Citizenship by Investment Program in 2018.
Based on our experience, Vanuatu can offer citizenship in as fast as two months from the time of initiating the process to passport handover.
Once the Vanuatu government grants citizenship, the holder can travel visa-free and visa-on-arrival to countries and territories such as the United Kingdom, Hong Kong, Singapore, and the Schengen area.
To obtain citizenship, an applicant has to contribute no less than USD 130,00 to the government of Vanuatu. The country also allows its holder dual citizenship. There is no need to reside in the country during the application.
St. Kitts & Nevis
The first country to offer its citizenship to the world, St. Kitts & Nevis launched their program back in 1984 and has remained popular due to its efficient and fast application process. The small island nation from the Caribbean has announced an amendment to their program in 2018 (Sr & O No. 25 of 2018) detailing a faster processing time termed as the Acceleration Application Option.
The Acceleration Application Option can shorten the application from the usual 90 days to 60 days (two months). This fee will be applicable to the applicant and to their family members at an additional cost.
To apply for citizenship, a minimum investment of USD 150,000 through a donation to the Sustainable Growth Fund (SGF) which helps in the country’s infrastructure and development. Another option is through real estate investment from government-approved real estate developments with a minimum investment of USD 200,000.
Once successful, the holder is granted visa free travel to 154+ countries and territories including Hong Kong, Russia, Schengen Area, and the United Kingdom. Capital gains, foreign income, gift and inheritance taxes are exempted. The passport holder can also hold dual citizenship with a St. Kitts passport.
Passport Legacy offers Vanuatu and St. Kitts CBI programs. Contact Passport Legacy today for a free and private consultation.