/ Investing for citizenship 2023, top 5 best countries

Top 5 countries that give citizenship for investment

Greece

Greece is increasing the minimum investment required to obtain a "golden visa" in some countries. This change may affect people who want to sell their property to obtain a residence permit in Greece.

From 1 May 2023, the minimum capital required to obtain a "golden visa" in certain areas of Greece, including Athens and its surroundings, will increase from €250,000 to €500,000.

Under the new rules, investors can contribute all their money at once. For the self-employed and multiple individuals, the minimum income of each person applying for a residence permit must be €500,000 and the same assets must be shown.

These changes will be introduced in certain parts of Greece from 1 May 2023, including Athens and its surroundings, the city of Thessaloniki, Mykonos and the island of Santorini.

Portugal

Portugal will continue to issue "golden visas" despite the Prime Minister's request to abolish the "golden visa". This is the only such way to obtain citizenship without living in Portugal.

The most common way to get a visa is to sell a property (from €280,000) or real estate (from €500,000).

Last October, Portugal introduced a new digital visa for people who work for foreign companies and earn money abroad. Previously, domestic workers used the entry route for the D7 visa, which only applies to domestic workers.

Turkey

Turkey has made changes to its programme for obtaining citizenship for investment. Investors must now invest at least $400,000 in property. This is because ownership no longer qualifies for the application regardless of the size of the unit. However, if an investor uses multiple properties to meet the minimum investment, they must all be registered as investment property with the Land Registry.

Under the new rules, land bought under the Citizenship by Investment programme can only be used for citizenship once. This means that even if a new seller buys from a programme participant, it cannot be used for normal purposes.

Caribbean

Participants in the Citizenship by Investment Programme (CIP) can obtain citizenship of St. Kitts and Nevis. Caribbean First-time applicants can invest at least US$125,000 in CIP and obtain a second citizenship within 60 days of application.

From 1 July 2023, the $25,000 accelerated citizenship option will remain, although the cost will increase and it will take up to 90 days to process your application.

Dominican Republic

A new law in the Dominican Republic, which was enacted at the end of 2022, prohibits siblings and spouses from applying for citizenship. An older child who is currently applying must have completed high school and demonstrate financial support from an investor or spouse.

Single girls under the age of 25 with dependents and living with older applicants may also be considered. The eligibility of parents and grandparents to participate in the programme at the same time depends on age. You must be 65 years of age or older and the older applicant or spouse must be receiving financial assistance.

In 2023, a $25,000 fee will be charged for citizenship for each additional family member applying for birth in the Dominican Republic, regardless of age. When a family contributes to the Economic Diversity Fund, each additional family will receive $25,000. A maximum of $50,000 for each member under 18 years of age and other family members under 18 years of age.

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