Many people look for opportunities through which they can get second passports. Rather than sticking to one passport, getting a second passport could allow you to travel all over the globe without any visa restrictions. Previously, it was thought that citizenship should not be up for sale. In order to get the citizenship of another country, people had to fulfil several requirements, such as staying in the country for a minimum number of years, finding a skilled job, etc. All of this can take a long while, and it could be several years before you receive that coveted second passport.
However, there are other routes available too. If you are looking to get citizenship in another country, you should opt for the citizenship by investment route. The citizenship by investment route allows you to get the citizenship of another country by investing a certain amount of money in the country. Numerous brokerage firms in the UK, such as Berkeley Citizenship, offer their own plans.
Obviously, the amount of investment varies depending upon your destination. For instance, some brokerage firms require you to spend at least $100,000 in order to apply for citizenship in Mexico, while the prices are higher in places such as Antigua and Barbuda ($200,000). If you make a real estate investment, you will also receive freehold property in return. It’s a great option for people who are looking to travel abroad but don’t really want to go through all the hassle of going through the immigration process.
Why Is This a Popular Choice?
One of the biggest reasons why citizenship by investment is now becoming so popular is because it makes traveling so much easier. If you want to gain second citizenship in another country, all you have to do is invest a minimum amount of money. You neither have to go through an extensive immigration process nor take many years to gain your citizenship. In most cases, citizenship by investment can be granted in less than four months. It’s swift and very easy to process, which makes it an extremely popular choice among millennials.
However, not everybody can afford citizenship by investment. In many cases, you will have to spend a considerable amount of money in order to become eligible. The brokerage firm will charge their own fee, and you will also have to transfer the amount and purchase property in a different area. It will obviously cost you a lot more than the initial amount mentioned in the program.
Moving to a new country also requires you to make several lifestyle adjustments. You will have to decide where you are going to stay and what you are going to do. While getting the citizenship might be the easy part, you will also have to make several other adjustments. Settling in a new country is not as easy as it may seem. You’ll need a job and also have to adjust to the country’s culture, which could take several years.