These are some 40 countries that offer citizenship based on economic interest by discretionary naturalization through investment in Asia, Europe, Caribbean.

 

Country Target Person Article in law Procedure Conditions
Albania Person who has special financial assets or invests money in a country ALB 9(7) Naturalisation (discretionary) Person is someone whose acquisition of citizenship would be in special economic interest of Albania. Other conditions: no danger to security and defence of Albania.
Antigua and Barbuda Person who has special financial assets or invests money in a country Investment Act 5 Naturalisation (discretionary) USD 100,000 donation
USD 400,000 real estate
Person is someone whose acquisition of citizenship would be in the special economic interest of A&B. Other conditions: oath of loyalty.
Argentina Person who has special financial assets or invests money in a country ARG 2(2)(3) Naturalisation (entitlement) Person has established a new industry or introduced a useful invention. Other conditions: see A06 (except residence requirement).
Austria Person who has special financial assets or invests money in a country AUT 11a(4)(4) Naturalisation (entitlement) Person has been resident in Austria for 6 years and acquisition of citizenship is in the economic interest of the country. Other conditions: see A06.
Belize Person who has special financial assets or invests money in a country BEL 12(a) Registration (discretionary) Person has, as an ‘economic citizen’, made a substantial contribution to the economy and/or well-being of Belize, or has rendered distinguished services to the country. Other conditions: good character and sound mind.
Brazil Person who has special financial assets or invests money in a country Const 12(2)a, EDE 113(5), RN no. 84, 2 Ordinary naturalisation (discretionary) Person owns real estate in Brazil, or as a business man has invested at least the amount of R$150,000,00 (approximately US$75,000), and has been permanently resident in the country for at least 3 years immediately prior to the application and continues to do so. Other conditions: see A06.
Bulgaria Person who has special financial assets or invests money in a country BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)BUL 16;
BUL 14(a)
Naturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionaryNaturalisation (discretionary);
Naturalisation (discretionary
Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law. Person has special achievements in the economic sphere. Exemption from A06 material conditions;
Person invested 1 million BGN, or an amount otherwise specified in the Investment Promotion Act. Other conditions: 1 year of permanent residence and no conviction for major crimes under Bulgarian law.
Burkina Faso Person who has special financial assets or invests money in a country BUF 170(4) Naturalisation (discretionary) Person is an industrialist or business person, who has important investments or who brings funds, according to the laws in force.
Cambodia Person who has special financial assets or invests money in a country CAM 10-11; CAM 12 Naturalisation (discretionary); Naturalisation (discretionary) Person has invested an amount of 1,250,000,000 Riels in Cambodia and is resident in Cambodia. Other conditions: see A06 (except 7-year residence requirement); Person has donated an amount of 1,000,000,000 Riels for the restoration and rebuilding of the Cambodian economy. Other conditions: see A06 (except the requirement of residing in Cambodia and having resided there for 7 years).
Cape Verde Person who has special financial assets or invests money in a country CV 12(3)-(4) Naturalisation (discretionary) Person has realised or offers guarantees that will make investments that will unequivocally increase the opportunities for employment and contribute to the development of the country. Naturalisation under this provision does not grant political rights, including to vote or be elected or to exercise public functions on a permanent basis.
Central African Republic Person who has special financial assets or invests money in a country CAR 28(3) Naturalisation (discretionary) Person has made important real estate investments. Other conditions: see A06 (except that residence period can be waived.)
Comoros Person who has special financial assets or invests money in a country N 1982 (complete text is relevant) Naturalisation (discretionary) Person is an ‘economic partner’ of Comoros, investing a minimum sum to be fixed by the budget law each year.
Cyprus Person who has special financial assets or invests money in a country CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)CYP 111, Schedule
3 Article 2(f)
Naturalisation (discretionary)
Quota 700 annually
EUR 2,150,000 invested in real estate or more
Dominica Person who has special financial assets or invests money in a country DOM 8(2)c Naturalisation (discretionary) USD 100,000 donation
USD 200,000 real estate
Person is someone whose acquisition of citizenship would be in the special economic interest of Dominica. Other conditions: oath of loyalty. 
Dominican Republic Person who has special financial assets or invests money in a country Const 18(7), DOR 1c Naturalisation (discretionary) Person has been resident in the DR for at least 6 months uninterrupted, and has founded urban or rural industries or owns real estate in the country. No residence requirement if person owns more than 30 hectares of land in the country, but permission must be granted to establish domicile in the country.
Guinea Person who has special financial assets or invests money in a country GUI 73 Naturalisation (discretionary) Person has rendered important services to Guinea such as artistic, literary or scientific talents, the introduction of useful industries or inventions, or creation of industrial or agricultural businesses. Other conditions: see A06 (except residence period reduced to 2 years).
Jordan Persons who make investment in the country   Discretionary Naturalization limited to 500 cases annually
  • Zero-interest, five-year $1.5 million deposit at the Central Bank of Jordan (CBJ) or 
  • Treasury bonds for $1.5 million at an interest rate to be decided by CBJ for no less than ten years.
  • Buy securities worth $1.5 million from an active investment portfolio or 
  • Invest $1 million in SMEs for at least five years
  • $2-million investment in any location in the country, or
  • $1.5 million if the project is registered in a governorate other than Amman, provided that the project creates at least 20 job opportunities and remains operational for at least three years.
Kosovo Person who has special financial assets or invests money in a country KOS 10(3) Naturalisation (disretionary) Person is someone whose acquisition of citizenship would be in the special economic interest of Kosovo.
Kyrgyzstan Person who has special financial assets or invests money in a country KYR 13 Naturalisation (discretionary) Person has invested in highly prioritised sectors of the economy of the country and has been resident for 3 years. Other conditions: see A06.
Macedonia Person who has special financial assets or invests money in a country MAC 11 Naturalisation (discretionary) Person invested significant capital in Macedonia. Other conditions: no threat to security or defense of the country.
Malta Person who has special financial assets or invests money in a country MAL 10(9)b Naturalisation (discretionary)
Individual Investor Program (IIP)
Person invested a combined amount of 0.8 million euros and owns property valued at 0.35 million euros (or rents property at 16,000 euros p/a). Other conditions: 1 year effective residence in Malta, proof of moral standing, clean criminal record, health certificate and insurance, and oath of allegiance.
Mauritius Person who has special financial assets or invests money in a country MAU 9(3) Naturalisation (discretionary) Person has invested at least USD 500,000 in Mauritius. Other conditions: see A06 (except residence period may be waived).
Mexico Person who has special financial assets or invests money in a country MEX 20(1)d Naturalisation (discretionary) Person has been resident in Mexico for 2 years (requirement can be waived) and has provided outstanding services/products to Mexico or employed entrepreneurial activities in the country.
Moldova Person who has special financial assets or invests money in a country No provision MCBI Citizenship By Investment EUR 100,000 donation to Government Fund
EUR 250,000 in real estate or bonds
Montenegro Person who has special financial assets or invests money in a country MON 12 Naturalisation (discretionary)
Montenegro Special Citizenship by Investment scheme
EUR 350,000 to 550,000  (real estate)
EUR 5 to 10 million in Hotels
Person is someone whose acquisition of citizenship would be in the special economic interest of Montenegro.
Nicaragua Person who has special financial assets or invests money in a country NIC 9 Naturalisation (discretionary) Person has been permanently resident in Nicaragua for 2 years, and has established an industry or exercises an activity that contributes to the economic, social or cultural development of the country. Other conditions: renunciation of citizenship of another country.
Pakistan Person who has special financial assets or invests money in a country PAK 20, and secondary legislation Registration (discretionary) Commonwealth citizens who transfer PKR 5 million worth of foreign exchange to Pakistan, may apply for citizenship. After confirmation from the State Bank of Pakistan of the transaction of the said amount, an immigrant visa is issued. A Pakistan Citizenship Certificate is granted upon arrival in the country.
Philippines Person who has special financial assets or invests money in a country Commonwealth Act no. 473, 3(2) Naturalisation (discretionary) Person has been continuously resident in the Philippines for 5 years and established a new industry or introduced a useful invention in the Philippines. Other conditions: see A06.
Romania Person who has special financial assets or invests money in a country ROM 8(2)d Naturalisation (discretionary) Person has invested 1 million euros or more in Romania and is born in and resident there, or has been resident in Romania for 4 years. Other conditions: see A06.
Russia Person who has special financial assets or invests money in a country RUS 14(2)g;

RUS 14(2)h;

RUS 14(2)iRUS 14(2)g;

RUS 14(2)h;

RUS 14(2)iRUS 14(2)g;

RUS 14(2)h;

RUS 14(2)i

Naturalisation (discretionary);

Naturalisation (discretionary);

Naturalisation (discretionary)Naturalisation (discretionary);

Naturalisation (discretionary);

Naturalisation (discretionary)Naturalisation (discretionary);

Naturalisation (discretionary);

Naturalisation (discretionary)

Person conducts an economic activity in Russia for at least 3 years and the activity generates revenue in the amount of 10 million rubles. Other conditions: see A06 (except residency requirement);

Person holds 10% of shares of a Russian company (in Russia) whose assets are at least 100 million rubles, with mandatory insurance payment of 6 million rubles per year. Other conditions: see A06 (except residency requirement);

Person worked in the Russian Federation for at least 3 years, and his or her job is on the list of designated professions. Other conditions: see A06 (except residency requirement).Person conducts an economic activity in Russia for at least 3 years and the activity generates revenue in the amount of 10 million rubles. Other conditions: see A06 (except residency requirement);

Person holds 10% of shares of a Russian company (in Russia) whose assets are at least 100 million rubles, with mandatory insurance payment of 6 million rubles per year. Other conditions: see A06 (except residency requirement);

Person worked in the Russian Federation for at least 3 years, and his or her job is on the list of designated professions. Other conditions: see A06 (except residency requirement).Person conducts an economic activity in Russia for at least 3 years and the activity generates revenue in the amount of 10 million rubles. Other conditions: see A06 (except residency requirement);

Person holds 10% of shares of a Russian company (in Russia) whose assets are at least 100 million rubles, with mandatory insurance payment of 6 million rubles per year. Other conditions: see A06 (except residency requirement);

Person worked in the Russian Federation for at least 3 years, and his or her job is on the list of designated professions. Other conditions: see A06 (except residency requirement).

Samoa Person who invest minimum in agriculture, fishery, technology, energy etc.. Citizenship Investment Act 2016 and its Regulations 2016.
CBI program USD 1.5 million or SAT 4 million (must live in Samoa for 15 days a year)
Saint Kitts and Nevis Person who has special financial assets or invests money in a country STK 3(5) CBI Program
Naturalisation (discretionary)
USD 100,000 (SGF fund)
USD 200,000 (real estate)Person is someone whose acquisition of citizenship would be in the special economic interest of St Kitts.
Saint Lucia Person who has special financial assets or invests money in a country Citizenship by Investment Act 2016 CBI program USD 100,000 (donation)
USD 350,000 (real estate)
Saint Vincent and the Grenadines Person who has special financial assets or invests money in a country STV 9a Registration (discretionary) Person has made an important contribution to the cultural or economic growth of St Vincent for at least 5 years. Other conditions: good behaviour, knowledge of English and of duties of a citizen.
Seychelles Person who has special financial assets or invests money in a country SEY 5C Naturalisation (discretionary) Person has invested the equivalent of USD 1million and has supported him or herself for 11 years in Seychelles. Other conditions: pass language test, and not sentenced to more than 1 year imprisonment.
Singapore Person who has special financial assets or invests money in a country Const 123(1)c Registration (discretionary) Person is an industrialist investing a minimum amount of $250,000 in Singapore. Other conditions: see A06 but the the “10 out of 12 years” requirement may be waived if the person resided in Singapore for 5 out of 6 years, or at the discretion of the Government.
Slovakia Person who has special financial assets or invests money in a country SLK 7(2)(b) Naturalisation (discretionary) Person is someone of special benefit to Slovakia in the area of economics. Other conditions: see A06 (except residence requirement).
Slovenia Person who has special financial assets or invests money in a country SLN 13 Naturalisation (discretionary) Person is an adult whose acquisition of citizenship is beneficial for the country for economic reasons. Other conditions: see A06 (except renunciation requirement and knowledge of Slovenian language).
Sri Lanka Person who has special financial assets or invests money in a country SRI 13A(1)(a)i, 15, 18 Registration (discretionary) Person has been granted a 5-year visa or endorsement under the Immigrants and Emigrants Act, has been registered in a Resident Guest Scheme for foreign investors, and has made a substantial contribution to the economic development of the country. Other conditions: intent to continue to ordinarily reside in Sri Lanka, renunciation of citizenship of another country, and oath of allegiance. A maximum of 200 persons may be registered under modes A24 and A26 in any year, and 1,000 in the aggregate.
Turkey Person who has special financial assets or invests money in a country TUR 12 Citizenship by Investment
Naturalisation (discretionary)
USD 250,000 (real estate)
USD 500,000 (bank deposit, bonds)
Person has invested in Turkey by establishing an industrial plant/factory. No residence requirement. Other conditions: see mode A06.
Vanuatu Person who invested or contributed money to local development Citizenship by Investment Act

 

Vanuatu Contribution program (VCP)
Development Support Program (DSP)
USD 160,000 (VCP/DSP) 

Source: GlobalCIT