We have put together important difference between citizenship and residency by investment programs. Many often confuse between citizenship and residency.

Many media outlets do not use the right word. Be clear to say whether it is a Golden ‘Visa’ or ‘Passport’ program

Here are some important differences between citizenship and residency.

You becomeCitizenResident (temporary / permanent)
What you get?Golden PassportGolden Visa /Residence permit
Commonly known asCitizenship By Investment
Investor Citizenship
Golden Passport
Economic Citizenship
Golden Visa
Investor Residence
Immigrant Investor
TravelWorldwideRegional (schengen area)
PriceLow (starts $100K) Expensive (starts $250K)
Personal VisitNO (yes for EU countries)YES
CitizenshipIncludedNaturalization (slow)
Real Estate OwnershipNo restrictionsLimited
Dual CitizenshipApplicableNot applicable
Language and Cultural IntegrationNot requiredRequired (if you want citizenship)
Rent a placeNO (yes for EU countries)Yes (No if you buy real estate)
Renewals5-10 years2-5 years
Covid-19 Travel banNo bans for citizensRestricted access
Must liveNONO (yes if you want citizenship)
Education, Healthcare, EmploymentEqual rightsEqual rights
Family membersImmediateImmediate
Bank AccountYesYes
Taxes*No (not based on citizenship)Yes (residence based taxation)
Rights*Full Citizen RightsRestricted (eg. No right to vote)
RevocationYes (fraud, false details)Yes (fraud, disrepute, wanted person)
Relinquish / AbandonAnytimeAnytime
Embassy / Consular AssistanceYesLimited

* Please consult a CPA for your tax planning before you become a resident or citizen.