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Top 10 Citizenship by Investment Program

Citizenship by Investment programs are attracting several high net worth individuals from across the globe who are looking to add a second passport into their Investment portfolio. With our years of experience in the industry, we have ranked these Citizenship programs based on the most important parameters. So now you can choose which of these programs can fit your own needs adequately.

The cornerstone of Citizenship by Investment Index

The methodology we have chosen to rank Citizenship by Investment program is based on what we call the “Cornerstone of Citizenship by Investment”. Before we get into which programs rank highest, let’s take a quick look at the criteria upon which this ranking is based on. Each of the following 5 criteria are weighted equally when coming up with our ranking system.


Visa-free Mobility (20% Weight) It reflects the visa-free travel access to holders of a particular passport. Visa-free travel offers businessmen an incredible amount of convenience, as they do not have to deal with filing visa applications which essentially saves time and allows for flexibility.
Human Development Index (HDI) (20% Weight) It is an index that includes components like life expectancy, education, and per capita income indicators. Businesses tend to prefer countries with higher HDI Index values to perform their activities.
Investment Required to Avail Citizenship (20%) We have ranked programs based on their cost-benefit analysis. Programs with a higher balance of benefits vs costs are ranked higher in our system.
Citizenship Processing Time (20%) We have also taken into consideration the complexity of applying for Citizenship by Investment program. Some programs require residency for a specific period for approval and even more time to process the applications.
Ease of Doing Business (20%) Higher rankings indicate better, usually simpler regulations for businesses and stronger protections for property rights. A country with a higher ranking is placed higher in our system


Based on the above ranking, here is the list of the Top 10 Citizenship by Investment Program available in the market:

Rank 1: Turkey

Turkey shares a strategic location between Europe, Western Asia, and the Middle East with stable political, economic, and financial conditions. It gives visa-free travel opportunities to over 112 countries, and also allows its holder to obtain the E-2 Visa for the Investment in the USA. The investor can also include all members of his family who are less than 18 years old, all of whom can be benefitted by acquiring world-class education in Turkish and eligible for multiple scholarships grants in universities.

Turkey Citizenship by Investment- fincasa

From our analysis of 10 passports, Turkey Scores best in Ease of Doing Business Index which reflects conducive Business environment Turkey has to offer, It also scores fairly well in Human Development Index which means a high standard of living, education and health benefits you and your family can get by becoming a Turkish citizen. The major reason Turkey has got the first place in our analysis is its cost so that you can derive maximum value from your investment, Turkey offers diversified Investment options such as Real estate purchase of ($250,000 + Costs), bank deposits or purchase of Government bonds, etc.

Click here to learn more about Turkey Citizenship by Investment Program.


Cyprus is an independent island and part of the European Union, which attracts tourists from all over the world, Acquiring Cyprus Citizenship will enable you to travel across 165 countries with Schengen countries mobility, as well as work and live in 28 EU member countries. The process to acquire Cyprus citizenship is simple and straightforward and would take from 6 to eight months to complete, Investor can also include dependents in the application form who can also enjoy free education in many European countries. The country enjoys low tax rates and trading rights with all EU Nations.

In our Analysis, Cyprus scores second-best in Human Development Index and third in Ease of Doing Business Index, which means you can enjoy a favorable business environment and maintain a high standard of living with your family in the country.

The only reason for us to not rank Cyprus as 1st is its cost, which is highest among the countries we have included for our Analysis, However, if you are a potential Investor and interested in Cyprus citizenship, you should not miss out on this keeping its benefits in mind.

cyprus citizenship by investment fincasa

It offers multiple channels of Investment, including real estate investment of €2 million, investment in businesses based in Cyprus worth of minimum €2 million, or at least €2 million in purchase units from Alternative Investment Fund.

Click here to learn more about Cyprus Citizenship by Investment Program.

3. Antigua & Barbuda

Antigua & Barbuda is a country in the West Indies in the Americas, lying between the Caribbean Sea and the Atlantic Ocean, this country is one of the 5 Caribbean countries that offer Citizenship through Investment. With Antigua & Barbuda Citizenship in hand, you are eligible to travel over 149 countries visa-free including the EU, Hong-Kong, and Singapore, there is no residency requirement to participate in this program. The citizen of the country enjoys no tax on worldwide income, Investor can also include spouse and children in the same application.

antigua & barbuda citizenship by investment

It is the most affordable citizenship to acquire with the best human development Index score among Caribbean countries in our analysis which led us to rank it in 3rd place. Citizenship can be obtained via a minimum contribution in the National Development Fund of $100,000 or Real estate investment worth of minimum US $400,000.

Click here to learn more about Antigua & Barbuda Citizenship by Investment Program.

4. Montenegro

Montenegro is a Balkan country with rugged mountains, medieval villages, and a narrow strip of beaches along its Adriatic coastline and enjoys economic, political and social stability along with the low cost of living, The country is the member of European monetary Union, the WTO, the NATO alliance and OSCE. With Montenegro Citizenship you can travel Visa-Free across 123 Countries including Schengen area in Europe, Switzerland, and Singapore, what distinguishes it from the other program is that the Investor has the right to add the Spouse and dependent children in the same application, regardless of their age, such as those who have specific health issues or pursuing their studies.

montenegro citizenship by investment fincasa

In our Analysis, Montenegro scores third-best in Human Development Index and second highest in Ease of Doing Business after Turkey, we have ranked this program as 4th best owing to its cost of Investment which is a minimum of €350,000 + Costs.

Investment option Includes:

  • An investment of EUR 450,000 to real estate projects in the capital of Podgorica or the coastal regions
  • An investment of EUR 250,000 to real estate projects in northern or central Montenegro, excluding Podgorica

Also, there is a government fee of EUR 100,000 per application. This contribution will be directed to a special fund for the advancement of underdeveloped areas.

Click here to learn more about Montenegro Citizenship by Investment Program.

5. St. Kitts & Nevis

St. Kitts & Nevis is a dual island nation known for cloud-shrouded mountains and beaches is situated between the Atlantic Ocean and the Caribbean Sea. You can enjoy Visa-Free Travel for 154 countries including the EU, the UK, Hongkong & Singapore with this Citizenship. The process is simple and very straight forward with a fast processing time of 3 months, there is no requirement of travel to St. Kitts & Nevis during the application process. The country also enjoys no tax on worldwide income.

st. kitts and nevis citizenship by investment

In our Analysis, St. Kitts scores the best in Human Development Index among Caribbean countries. The cost of Investment is very affordable, the investment options are:

1. Sustainable Growth Fund

  1. US$150,000: Single applicant
  2. US$25,000: Spouse
  3. US$10,000: For each additional dependent

2.Real Estate Investment

  1. Government-approved property valued at a minimum of US$400,000 (Must be maintained for 5 Years)
  2.  An investment of US$200,000 in a government-approved project (The investment must be maintained for a minimum of 7 Years).

Click here to learn more about the St.kitts & Nevis Citizenship by Investment Program.

6. Malta

Malta is an island country located in the middle of the Mediterranean between Sicily, Italy, and the North African coast; it is a part of the European Union. Malta passport holders get visa-free access to over 169 countries, including the countries of the Schengen region in Europe, the United States, Russia, and Canada Visa Free. There is a one-year residency requirement and dual citizenship is also permitted. It is also ranked as the 9th strongest passport in the world.

malta citizenship by investment fincasa

In our analysis, Malta scores the Best in Human development Index reflecting the lifestyle, education, and per capita income level of Maltese. It also scores reasonably well in Ease of Doing Business Index. The minimum cost of availing investment is €900,000 + Costs, but keeping the benefits of this passport in Mind, we believe that cost is justifiable if it matches your requirement. Malta offers diversified Investment options which are:

  1.  Contribution to the development of Malta
  2.  Purchase of stocks or bonds
  3.  A property transaction

The combined upfront financial requirement, including applicable government charges and citizenship application fees, is just under EUR 900,000. These costs will increase slightly depending on family size.

Click here to learn more about the Malta Citizenship by Investment Program.

7. Dominica

Dominica is a mountainous Caribbean island nation which is famous for natural hot springs and tropical rain forest. It offers visa-free travel across 130 countries including the UK, Hong Kong, Malaysia, Singapore, Turkey, Ireland, and the Schengen area. There is no residency requirement and Dual Citizenship is also allowed, the processing times stand at 3 months or less, citizens also enjoy no tax on wealth, gift, inheritance, or foreign income of capital gains.

dominica citizenship by investment-fincasa

In our analysis, we found out that Dominica has a comparable score in the Human Development Index and Ease of Doing Business Index with other Caribbean Countries

The investment amount is as minimal as $100,000. To avail citizenship, the investor has 2 options which are:

1.Economic Diversification Fund

  • Programs Starting From $ 100,000 + Costs

2.Real Estate Investment

  • Programs Starting From $ 200,000 + Costs

Click here to learn more about Dominica Citizenship by Investment Program.

8. St. Lucia

Saint Lucia is a country in the West Indies in the Americas, lying between the Caribbean Sea and the Atlantic Ocean. Citizens of Saint Lucia can travel over 133 countries visa-free or visa-on-arrival travel including Hong Kong, Singapore, the UK, and the Schengen area. Dual citizenship is also allowed. Investors has also the option to include spouses, dependent children up to the age of 25, and dependent parents above the age of 65. The process of availing citizenship is very straightforward, which can be availed within 4 months. there is also no residency requirement.

saint lucia citizenship by investment-fincasa

In our analysis, we found out that Saint Lucia has a comparable score in Indexes like Human Development Index and Ease of Doing Business with other Caribbean Countries

Saint Lucia does not differ much in citizenship programs than other Caribbean countries. It also offers multiple Investment options which are:

1. National Economic Fund Contribution

  1. US$100,000: Single applicant.
  2. US$135,000: Main applicant with a spouse.
  3. US$185,000: Family with up to 3 dependents (spouse + 2 children).
  4. US$25,000: Each additional dependent.

2.Real Estate Investment

  • Applicants may purchase property valued at a minimum of US$300,000 in a pre-approved real estate development area.

Click here to learn more about Saint Lucia Citizenship by Investment Program.

 9. Grenada

Grenada is located in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. It is also known as the Spices Island, It allows the holder of citizenship to enter more than 130 countries including the Schengen Area countries in Europe, the United Kingdom, Singapore, China, and Hong Kong visa-free. Grenada is one of the only 11 nations having the privilege to travel china visa-free. In addition to that, it also offers a great opportunity to obtain an E2 visa to the United States of America. Investors also have an option to include spouse, dependent children up to the age of 30, a sibling (single, with no children) up to age 18 and dependent parents.

grenada citizenship by investment -fincasa

Grenada nationals also get almost $100,000 of Scholarship on a medicine college program.

In our analysis, Grenada has a comparable score in Indexes like Human Development Index and Ease of Doing Business with other Caribbean Countries. The amount of Investment for Grenadian Citizenship starts from $150,000. Investment options are:

1.A contribution to the National Transformation Fund

  • Starts from $150,000

2.Investment in an Approved Real Estate

  • Starts From $220,000 + costs

Click here to learn more about Grenada Citizenship by Investment Program.


Vanuatu is a South Pacific Ocean nation made up of roughly 80 islands that stretch 1,300 kilometers. It is one of the fastest options for Investors looking for the Second passport which one can avail within 2-3 months. Vanuatu passport holder visa-free mobility to over 125 countries, the program also accepts the clients with Schengen and UK visa refusals.

vanuatu citizenship by investment-fincasa

Vanuatu citizen also has an option to include Dependent parents and grandparents at least 50 years of age.

To avail Vanuatu Citizenship, the investor has only one way to donate no less than $ 130,000 and can include his family members in the same application and benefit from the island’s indirect tax system.

Click here to learn more about Vanuatu Citizenship by Investment Program.

Sounds interesting?

Book a FREE no-obligations consultation with our team of experts to learn more about your desired locations & also to see which locations are the perfect fit for your needs. Fincasa Capital experts provide a secure and reliable way to Invest in the economy of the host country to receive a new passport.

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