Citizenship by investment programs have become enormously popular and as more applications are received for processing, the processing times have become slow. The average time to receive a passport is 3 months.

The Caribbean and Pacific citizenship by investment schemes are usually the fastest. The European citizenship schemes are the slowest of all takes no less than a year to receive a passport.

These are the fastest countries to become a world citizen through citizenship by investment schemes. There is also a possibility for stateless to become a citizen and acquire passports through the investment schemes.

We list CBI schemes below fastest to slowest, that is time taken to application stage to receiving passport. At the moment Vanuatu has the fastest processing times for citizenship by investment applications

1. Vanuatu

  • Price: $135,000  Donation – DSP/VCP schemes
  • Real Estate: NO
  • Residence requirement: NO
  • Visit to the country: NO
  • Due diligence check: 3 weeks
  • Citizenship approval: Less than 1 month
  • Passport time: 1.5 months
  • Oath: YES
  • Passport validity: 10 years
  • Visa free: Schengen/UK/Russia

Vanuatu citizenship by investment

2. St Lucia

  • Price: $100,000  Donation to Govt fund
  • Real Estate: $300,000
  • Residence requirement: NO
  • Visit to the country: NO
  • Due diligence check: 2 months
  • Citizenship approval: 2.5 months (80 days)
  • Passport time: 3 months
  • Oath: YES
  • Passport Validity: 5 years
  • Visa free: Schengen/UK

St Lucia Citizenship

3. Montenegro

Montenegro is the newly launched economic citizenship scheme, the processing times are very fast due to low volume of applications.

  • Real Estate + Donation: €100,000  Donation to Govt fund + €250,000
  • Residence requirement: NO
  • Visit to the country: YES
  • Due diligence check: 1 month
  • Citizenship approval: 2 months
  • Quota Limit: 2000 applications only
  • Passport time: 3 months
  • Oath: YES
  • Passport Validity: 10 years
  • Visa free: Schengen only

Montenegro economic citizenship

4. St Kitts and Nevis

  • Price: $150,000  SGF Donation
  • Real Estate: $200,000
  • Fast track processing: 80 days (costs additional $20,000)
  • Residence requirement: NO
  • Visit to the country: NO
  • Due diligence check: 1 month
  • Citizenship approval: 2 months (normal processing)
  • Passport time: 3 months
  • Passport validity: 10 years
  • Oath: NOT required
  • Visa free: Schengen/UK/Russia

St Kitts Citizenship by Investment

5. Dominica

  • Price: $100,000  EDF Govt Donation
  • Real Estate: $200,000
  • Residence requirement: NO
  • Visit to the country: NO
  • Due diligence check: 1 month
  • Oath: YES
  • Citizenship approval: 2 months
  • Passport time: 3 months
  • Passport validity: 10 years
  • Visa free: Schengen/UK/Russia

Dominica Citizenship by investment

6. Antigua and Barbuda

  • Price: $100,000 Donation
  • Real Estate: $220,000
  • Residence requirement: 5 days (only renewing passport)
  • Visit to the country: NO
  • Due diligence check: 1 month
  • Citizenship approval: 2 months
  • Oath: YES
  • Passport time: 3 months
  • Passport validity: 5 years
  • Visa free: Schengen/UK/Russia

Antigua Citizenship by Investment (CBI) program

7. Grenada

  • Price: $150,000 Donation
  • Real Estate: $220,000
  • Residence requirement: NO
  • Visit to the country: NO
  • Due diligence check: 1 month
  • Citizenship approval: 2 months
  • Oath: YES
  • Passport time: 3 months
  • Passport validity: 10 years
  • Visa free: Schengen/UK/Russia/China

Grenada citizenship

8. Turkey

  • Price: $250,000  Real Estate
  • Residence requirement: NO
  • Visit to the country: YES
  • Real Estate buying time: 1 month
  • Residence permit time: 1 month
  • Due diligence check: < 1 month
  • Citizenship approval: 2 months
  • Oath: YES
  • Passport time: 4 months
  • Passport validity: 10 years
  • Visa free: NO Schengen/ NO UK/ NO Russia

Turkey Golden Visa

9. Cyprus

  • Price: €2 million  Real Estate / Hotels
  • Residence requirement: 6 months
  • Visit to the country: YES
  • Oath: YES
  • Due diligence check: 1 month
  • Citizenship approval: 1 month
  • Passport time: 7 months
  • Passport validity: 10 years
  • Visa free: Schengen/UK/Canada

Cyprus Investment scheme

10. Malta

  • Price: $1 million  Donation + Bonds
  • Real Estate: NO (optional)
  • Residence requirement: 12 months / 1 year
  • Visit to the country: YES
  • Oath: YES
  • Quota limit: 1800 applications
  • Due diligence check: 2 months
  • Citizenship approval: 2 months
  • Passport time: 1.5 years
  • Passport validity: 10 years
  • Visa free: Schengen/UK/USA/Canada/Australia

Malta Citizenship for Yacht owners

11.  Moldova

  • Price: €100,000  Donation  (scheme suspended currently, may reopen in the future)
  • Real Estate / Govt Bonds: $250,000
  • Residence requirement: NO
  • Visit to the country: YES
  • Quota Limit: 5000
  • Due diligence check: 1 month
  • Citizenship approval: 2 months
  • Passport time: 3 months
  • Passport validity: 10 years
  • Visa free: Schengen/ NO UK/ Russia

Moldova Citizenship program

12. Bulgaria

  • Price: €1 million (Govt Bonds)
  • Real Estate: YES
  • Residence requirement: 1.5 years
  • Visit to the country: YES
  • Due diligence check: 1 month
  • Citizenship approval: 2 months
  • Passport time: 18 months
  • Passport validity: 10 years
  • Visa free: Schengen/UK//Canada

Bulgaria citizenship by investment

13. Greece

  • Price: €2 million (Real Estate. CBI scheme opening on or after 2020)
  • Residence requirement: TBA
  • Visit to the country: TBA
  • Due diligence check: 1 month
  • Citizenship approval: TBA
  • Passport time: TBA
  • Passport validity: 10 years
  • Visa free: Schengen/UK/USA/Canada

Golden visa Greece

14. Albania

Albania may well be opening a fast track citizenship by investment scheme in the future (to be announced). Checkout our list of countries opening a citizenship by investment scheme in the future

 

What You should Know

It is important to remember you ONLY make the full investment (donation or real estate) after receiving citizenship approval from the Citizenship Investment Unit (CIU).

This is how it works

  1. Pay 10% or $10,000 initial deposit to Agent – 5 days
  2. Agent  conduct initial background checks – 5 days
  3. Agent collects all documents and apply for citizenship approval to Government through agent   – 1 month
  4.  Receive citizenship approval letter. It is only issued after passing all background checks done by Govt. – 2 months
  5. Pay the full $100,000 contribution to Government bank account.- 10 days
  6. Take the Oath – 1 day
  7.  Collect your passport from your agent or at embassy – 1 month

Documents

Having all necessary documents in the proper order, is the key to receive fastest citizenship approvals. It is advisable to plan 2 months in advance. Over the years of experience, we have noticed

  • Missing documents are the No.1 reason for long delays.
  • Donation option are much faster than the real estate investment atleast by a month
  • Document legalization or apostille process in birth certificates, marriage and police certificates also a culprit taking lot of time.