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The Fastest Countries to Get a Second Passport

December 16, 2021

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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

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.

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Other Programs We Offer

Passport Legacy is a trusted residence and citizenship by an investment firm recognized for delivering best immigration services globally. Passport Legacy specializing in citizenship and residence by investment programs, comprises internationally licensed lawyers, investment advisors, and immigration experts. Our dedicated team of professionals are recognized for delivering the best dual citizenship,passport and visa services. Trust Passport Legacy to be your reliable partner to support on your path to a successful global future.

Frequently Asked Questions (FAQ’s)

What is the difference between citizenship and residency by investment programmes?

Citizenship by investment programmes may not require physical residency and can grant citizenship within 2 to 6 months. Residency by investment programmes grant residency within 3 months but not citizenship. To obtain citizenship through residency programmes, applicants must comply with legal requirements, such as residing in the country for a certain time and paying taxes. However, not all residency programmes lead to citizenship, as it's at the discretion of the government.

How much does it cost to apply for a second passport?

The minimum investment for a second citizenship by a single applicant is USD 100,000 which is the cost associated for for St. Lucia and the Commonwealth of Dominica's CBI programmes. Please contact us for an exact price breakdown.

Do we need to pay the full amount upfront?

Passport Legacy's CBI programmes require payment in three installments. The first payment is 5%, the second payment is 25%, and the final payment, which amounts to 70% of the total cost, is due after receiving Approval in Principle.

What documents are required?

To start the process, applicants need to provide us with KYC (know your customer) documents such as a passport copy, birth and marriage certificates, police certificates, bank reference, and health clearance. Some documents may require translation or legalisation, but our client advisors will guide you through the process.

Do I need to renounce my original passport?

Acquiring a second citizenship by investment in any country does not usually require renouncing one's original nationality under the citizenship law of the country where citizenship was obtained through investment.

How do I book an appointment for a consultation?

You can reach us by phone or email anytime. We currently have offices in the UAE (Dubai), Nigeria (Lagos and Abuja), Lebanon (Beirut), Singapore and Pakistan (Lahore). We are due to open a branch in Europe in the near future.

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