Second citizenship acquisition is becoming very popular. Previously, methods like marriage, business, or long-term residence in the country were ways to obtain a second nationality. Now, some new development happens to be that citizenship can be bought through investing in certain countries or donating to some government bonds.
In the Caribbeans, countries like St. Kitts and Nevis, St. Lucia, Antigua and Barbuda, Dominican, and Grenada are opened to give out citizenship to foreigners, based on investments.
With a starting amount of $100,000 to $200,000 investment in real estate and $100,000 to $150,000 donation to government bond, an applicant and their family can become a citizen of any of these countries, with a passport that provides them access to over 100 countries, visa-free.
Some countries in Europe like Portugal, also provide second citizenship to foreigners but this can be obtained through their Golden Visa Program which includes, making a donation to Portuguese art and culture, investing in a business, starting a business/buying real estate and also passing the Portuguese history test.
Other European countries like Turkey, Cyprus, and Austria also have citizenship by investment programs, and with about $1 million to $4 million an individual and their family can obtain their second nationality in any of these European countries and the great part is that the applicant will have access to over 150 countries.
The Pacific nations like New Zealand and Vanuatu are not left out of this. One can invest at least $2 million over four years in New Zealand and donate $180,000 to Vanuatu Archipelago’s, Development Assistance Program to buy citizenship.
With a second citizenship, one has access to extra security.