Currently, there are 13 nations that provide full citizenship to foreign individuals who make financial investments.
Astons, a renowned authority on residency and citizenship through investment, has analyzed the 13 potential countries that are contemplating the introduction of citizenship or residency by investment (CBI/RBI) programs. Among these countries, Astons has identified four that offer the most appealing investment opportunities and desirable lifestyles for investors.
Presently, there are 13 countries, including Turkey and Vanuatu, that offer complete citizenship to foreign nationals in exchange for investments in the local economy, real estate, and infrastructure.
Furthermore, an additional 13 countries are considering the implementation of new CBI or RBI schemes. Astons predicts that the following four options will be highly favored by investors.
Maldives
Nations that offer citizenship or residency through investment require investors to meet a minimum investment threshold in order to be eligible. This threshold varies across different countries, ranging from $100,000 to $3 million or more. The specific threshold for the Maldives has not yet been announced. However, considering the Maldives' status as a luxurious travel destination comparable to Monaco and Capri, it is reasonable to assume that the Maldives' CBI program will target High Net-Worth Individuals (HNWI).
Based on its exceptional luxury and natural beauty, as well as the widespread use of English as a pseudo-official language and favorable conditions for businesses, particularly those owned by citizens, Astons ranks the Maldives as the top and potentially most sought-after new destination for CBI.
Moreover, the Maldives enjoys relatively high levels of safety, and its local tax system can be considered advantageous in a nation that offers the choice between vibrant city life and a relaxed beachside lifestyle.
Greece
For some time now, Greece has been offering residency by investment (RBI). However, the decision to introduce a CBI program is a significant one for this ancient and stunning country. Greece is currently considering a minimum investment requirement of two million Euros in real estate or 500,000 Euros in a personal residence. However, before proceeding, Greece is awaiting the outcome of the EU's court case against Malta and its CBI program.
If Greece does proceed with the launch of its CBI program, it is expected to attract immense popularity despite the high entry fee. Greece is already beloved by many, and being an EU member state adds further value, particularly in terms of citizenship. Additionally, Greece offers a powerful passport that grants visa-free access to 173 countries, including unrestricted travel within the Schengen Zone.
El Salvador
While El Salvador has shifted its focus away from a full-fledged citizenship by investment (CBI) program, it is currently contemplating the introduction of a residency by investment (RBI) program, commonly referred to as a Golden Visa. What makes this opportunity particularly enticing is the low minimum investment requirement of just $100,000, making it highly accessible.
El Salvador's acceptance of Bitcoin as legal tender since 2021 is a major attraction. The country is recognized as a tax haven for cryptocurrency in general. Although it may not be a comprehensive CBI program, Astons predicts that this RBI program will garner significant interest, especially among Americans seeking retirement relocation options.
Mauritius
Mauritius, the East African island nation renowned for its breathtaking blue lagoons and magnificent reefs, exudes luxury from every corner, whether it's the architectural marvels, pristine beaches, or swaying palm trees.
Recognized as a Level 1 country by the US government, Mauritius is considered one of the safest travel destinations for Americans. The anticipated cost for obtaining citizenship is $500,000, with an additional $100,000 per dependent.
Beyond its mesmerizing beauty and opulence, Mauritius offers the advantages of a favorable banking and business environment, along with advantageous tax legislation. While there is no designated official language in Mauritius, both English and French are widely spoken, adding to the convenience of communication.
According to Alena Lesina, the Immigration Expert for Astons USA, the field of citizenship by investment (CBI) is highly competitive and is likely to see an influx of new participants, providing an even wider range of choices for individuals seeking to establish roots in a new country. Whether one is looking for a fresh environment for retirement or a complete lifestyle transformation for the family, there are enticing opportunities emerging on the horizon.
An excellent CBI destination can encompass various factors such as favorable initial investment value, an appealing lifestyle, affordable cost of living, access to quality education, promising business prospects, and more.
We believe that destinations like Greece and Mauritius encompass all the elements that investors seek. With diverse investment thresholds available, there are options to cater to a range of individuals, from high-net-worth individuals to everyday families.
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