Here's how you can get a second passport. It starts as low as $100,000

 

Here's how you can get a second passport.

It starts as low as $100,000

 

You’ve probably heard of the benefits of having a second passport or a Golden Passport. You may have friends or relatives who have started the application process. You may even have colleagues who are already golden passport holders and are enjoying the perks of having dual citizenship.

 

But what does it really take to have one? More importantly, how much does it cost? Keep in mind that the cost of a second passport application will depend on several factors, including: chosen country, chosen investment. The benefits of each passport varies country by country.
 

Other things to consider:

 

The number of eligible dependents that you want to include (i.e. children, spouse, parents). In Grenada, applicants can include their siblings as dependents.

 

• Age of dependents
• Type of consultant/agent or law firm that you hire Professional fees of the consultant/agent or law firm
• Here are some of the countries that currently offer Citizenship-By-Investment programs and a simple projection of the expenses involved. Consider this as your overview and reference so you can make informed decisions when you apply for a second passport for you and your family.

 

Cyprus

 

Cyprus recently enhanced their program, though pricier, here are the investment options for you to get a second passport in Cyprus.

 

An investment of at least €2 million in a single residential property used as a permanent residence; 

 

• An investment of at least €2 million in multiple residential properties, including at least one property with a minimum value of €500,000 as a permanent residence; or
• An investment of at least €2 million in commercial or mixed properties, plus at least one property with a minimum value of €500,000 as a permanent residence; and
• A donation of €75,000 to the Research and Innovation Foundation and €75,000 to the Cyprus Land Development Corporation
• Dependent parents must also hold one property with a minimum value of €500,000 as a permanent residence, or hold a share of a permanent residence with a minimum value of €500,000
• The investment properties may be rented out to provide income for investor

 

The investment in real estate is still set at EUR 2M but now, it requires the applicant to hold it for at least 5 years instead of 3. The adjustments also include that the applicant makes 2 mandatory donations to designated funds of EUR 75,000.00 each.

 

When you add up the taxes, government fees, and all real estate related transactions fees, you need to have at a budget of at least EUR 2.6M to move forward.

 

Grenada

 

There are 2 investment options for those who want to get their golden passports from Grenada. 

 

• You can make a donation starting at USD 150,000.00 towards the direct advancement of Grenada’s economy and infrastructure.
• You can invest in approved real estate projects starting at USD 220,000.00.

 

While Grenada is becoming increasingly trendy due to its new flights from the US and UK and fleet of celebrity flocking, the hospitality industry has also been booming in the past years.

 

Known as the Caribbean’s Spice Island, Grenada welcomed 528,077 stayover visitors in 2018 alone. This represents an impressive 12.90% increase in tourists from 2017 figures.

 

If you choose the real estate option, the investment will be for Six Senses La Sagesse Grenada in which you could take your family with you. example, if a family of four is making the leap, the expected costs are somewhere near USD 305,000 plus the professional fees.

 

If you choose the donation option and you’re taking the entire family with you, the cost of getting a second passport in Grenada is about USD 229,000 plus professional fees.

 

Commonwealth of Dominica

 

Compared to other Caribbean islands, Dominica is also more secluded and less crowded and you’ll enjoy its peaceful vibe. But that doesn’t mean there are no luxury resorts here. Dominica is dubbed as the Nature Island and if you want that luxury island life, this is perfect for you. That’s why the Commonwealth of Dominica has several options for those who want to get a second passport here.

There are two investment options here:

 

• You can make a donation starting at USD 100,000.
• You can invest in real estate starting at USD 218,000. One of the most popular is the exclusive and already operational Secret Bay Resort.

Let’s say you’re applying for a family for 4, the donation option would probably cost around USD 220,000 while the luxury resort investment would cost around USD 280,000 excluding the professional fees.

 

Antigua & Barbuda

 

If you’re looking for the most affordable option to get a second passport, Antigua & Barbuda’s citizenship-by-investment program is your bet. Here are 2 opportunities:

 

• You can make a donation to the National Development Fund starting at USD 100,000.
• You can make an investment of USD 200,000 in one of the government-approved real estate projects.

A family of four can get a second passport and therefore new citizenships for approximately USD 142,000 plus professional fees via the donation option. The real estate option in Antigua is considered a prime investment and you will need about USD 575,000.

 

A Second Passport Is The Investment Of A Lifetime

Quite literally, if you’re getting new citizenship, you really are making an investment of a lifetime. There are myriads of reasons why investing in a second passport could be beneficial for an applicant and his/her family.

 

HLG, Asia’s Pioneer In Citizenship-By-Investment Programs

Established in 1992, HLG is one of the world’s leading investment immigration law firms to become an authorized agent duly representing all citizenship-by-investment programs.

 

Harvey Law Group (HLG) is a multinational law firm specializing in corporate law and investment immigration, with a worldwide reputation for representing high-profile clients and corporations. HLG was awarded the Immigration Law Firm of The Year at the Annual Macallan ALB Hong Kong Law Awards in 2014 and 2017. As Asia’s pioneer in investment immigration, HLG has notably been offering immigration services for over 28 years. 

 

HLG is headquartered in Hong Kong, with 21 offices worldwide including Thailand, Vietnam, Indonesia, Cambodia, Philippines, Ivory Coast, South Africa, and more. Currently, HLG offers residency and citizenship-by-investment programs to 23 countries and counting.

 

For further inquiries or investment immigration program opportunities, please contact HLG Managing Partner, Mr. Bastien Trelcat, [email protected] or Ms. Krittiya Keeratiyut, Office Director [email protected]

 

Call +6626701848 or visit www.harveylawcorporation.com or FB: https://www.facebook.com/HLGThailand/ or YouTube: Harvey Law Group Global Official