After the 2016 presidential election, so many individuals had been dreaming about transferring out of the US that Canada’s immigration website crashed. Now, the thought of turning into an expat is getting scorching once more. Based on a latest YouGov survey, 31% of Individuals say they’re keen on bolting if their candidate isn’t elected within the upcoming November elections. Tom Hanks and Rita Wilson recently made headlines after they turned honorary Greek residents and obtained second passports. And with the coronavirus pandemic limiting journey for US residents and the power of the US passport on the decline, it’s no shock that many Americans are investigating how they will purchase a second passport, whether or not it’s to hunt shelter overseas or simply to have the ability to journey extra freely.

READ MORE: “Want To Live And Work In Paradise? 7 Countries Inviting Americans To Move Abroad”

Some nations like Barbados and Estonia are luring distant staff with the promise of prolonged residency applications, which let you dwell and work there for a specified period of time. However in terms of acquiring an precise passport, it’s usually extra difficult than you’d count on. It will probably usually take as much as 5 years of residing in a spot to change into a resident. (If Hanks and Wilson had taken the normal route to Greek citizenship, they might have needed to make investments a number of hundred thousand {dollars} in actual property and dwell within the nation for seven years.) Many nations additionally require you to surrender your US citizenship.

Right here’s the excellent news: There are additionally nations world wide that welcome Individuals—for a value—with citizen by funding applications that grant residency and a second passport. And because of the coronavirus pandemic, a handful of Caribbean islands are making it even simpler (and cheaper) than ever to acquire a second passport.

“Demand for these applications is accelerating, simply as the availability has grown globally,” says Dr. Juerg Steffen, CEO of Henley & Companions, an organization that helps individuals receive citizenship in different nations. “More and more, nations and rich people see funding migration as greater than a aggressive benefit. At the moment, it’s considered as an absolute requirement in a unstable world.”

If the thought of transferring overseas is really calling your identify, listed here are a few of the finest locations the place you may receive citizenship and some of the top-line particulars about what it can take to safe that coveted second passport.

Locations to Get Caribbean Citizenship

St. Kitts & Nevis

This pair of lush islands has one of many strongest passports within the Caribbean, permitting visa-free journey to greater than 100 nations, together with Italy and the UK. Now St. Kitts & Nevis is providing a 23% low cost on citizenship by means of the top of 2020. With a $150,000 contribution to the nation’s “Sustainable Growth Fund” and a minimal actual property funding of $200,000, a household of 4 can receive passports. The contribution is often $195,000.

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St. Lucia

The island of St. Lucia began providing residency to foreigners in 2015, and in response to Nestor Alfred, CEO of the St. Lucia Citizenship by Investment Program, about 700 individuals have obtained passports since then. In Could, the value to acquire citizenship was minimize in half because of new “Covid-19 Reduction” bonds: Via the top of 2020, it’ll value $250,000 for a person and $300,000 for a household of 4. With a St. Lucia passport, you may get visa-free or visa-on-arrival entry to 146 world locations.

Antigua and Barbuda

One other twin-island nation, Antigua and Barbuda welcomes foreigners who wish to dwell the Caribbean dream and is making it inexpensive to get a passport right here. A $100,000 donation to the nation’s growth fund, plus an actual property funding, will safe passports for a household of 4, and the federal government just lately made it cheaper so as to add extra youngsters. A passport right here will get you visa-free entry to 151 locations.

Dominica

The tiny Caribbean island of Dominica additionally welcomes foreigners to its lovely shores and is taken into account to be among the best nations for citizenship by funding, since citizenship is prolonged to your partner, dependent youngsters and dependent dad and mom or grandparents and can be handed on to future generations. Candidates must both make a contribution to the Financial Diversification Fund or spend money on luxurious and sustainable accommodations and resorts.

Grenada

With a passport from Grenada, you may get visa-free entry to many nations, together with China. There are two different ways to obtain citizenship, together with a $150,000 contribution to the nation’s Nationwide Transformation Fund by way of the Grenadian Citizenship-by-Funding Program or by buying approved real estate with a minimal worth of $350,000

Locations to Get Citizenship in Europe

Portugal

Portugal has change into a scorching spot for individuals seeking to give up their jobs and transfer overseas. With a view to get a Portugal passport, it’s good to take part within the Golden Visa program, which has a number of methods to qualify, together with making a donation to Portuguese artwork and tradition, investing in a enterprise, beginning a enterprise or by shopping for actual property. Enjoyable truth: To change into a citizen, you’ll must take a Portuguese historical past take a look at.

Malta

Malta’s Particular person Investor Program is likely one of the hottest citizenship schemes. To get Maltese citizenship it’ll value you roughly $1.1 million by means of a mix of donations and actual property holdings. In return, you could have the appropriate to dwell and work in Malta or all through the EU. You’ll additionally get visa-free entry to 183 place world wide.

Cyprus

The Cyprus Funding Program doesn’t come low-cost: You’ll must spend about $2.5 million between donations and actual property investments, however in alternate you’ll have the ability to journey visa-free to 174 locations worldwide.

Austria

Austria has one of many world’s strongest passports, giving its holders visa-free entry to 187 locations worldwide, plus the appropriate to dwell in all EU member nations. Nevertheless it’s not low-cost: You’ll must make a minimal funding of about $3.5 million.

Locations to get Citizenship Across the World

New Zealand

If it was adequate for the Lord of the Rings, it’s adequate for you. New Zealand has made headlines with rich expats like Paypal co-founder Peter Thiel buying their way to citizenship. Nevertheless it doesn’t come low-cost. There are two alternative ways to get citizenship in New Zealand by investment, beginning with an funding of at the least $2 million over a four-year interval.

Turkey

With an actual property funding of $250,000, you should purchase your approach into Turkey’s Citizenship-by-Investment Program, which secures a Turkish passport that will provide you with citizenship on this beautiful nation plus visa-free or visa-on-arrival entry to 111 locations across the globe.

Vanuatu

Who wouldn’t wish to dwell within the South Pacific? The archipelago of Vanuatu—about 1,000 miles east of Australia—has a Improvement Help Program that requires a non-refundable donation to the islands of $180,000 for a household of 4. In return, you’ll get a passport that can safe visa-free journey to 116 nations, plus the chance to name this island paradise your new dwelling.

Editor’s Observe 7/29/20: The information about Tom Hanks and Rita Wilson receiving Greek passports was added to this story after publication. Particulars about Turkish citizenship had been additionally up to date.

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