Cheapest Countries to Get A Citizenship- Fast Passport Boutique

9 of the Cheapest Countries You Can Get a Citizenship or Residency Status From!

January 15, 2024

Having residency status or a second citizenship opens doors to benefits that may not be available in your home country. While enjoying these advantages is a great motivation to invest, the expenses of some programs can be too steep for many.

That is why we made a list of cost-friendly countries where you could obtain your citizenship or residency status while reaping significant benefits of holding that status. Here is the list of the 9 of the Cheapest Countries You Can Get a Citizenship or Residency Status From!

Latvia:

Latvia offers 3 different routes for people looking into getting a residency. The cheapest of the three options for residency by investment would require you to make €50,000 investment into the equity capital of a recognized Latvian company (the company must annually pay €40,000 in taxes). You must also make a one-time payment of €10,000 to the state budget. Everything considered, the minimum investment amount would be €60,000 to get a residency visa in Latvia.

Antigua & Barbuda:

Antigua & Barbuda Citizenship by Investment Program has one of the most desirable citizenship by investment programs, giving investors unparalleled access to services in Antigua & Barbuda and visa-free travel to over 150 countries.

But the cheapest way to get their citizenship would be through contributing to Antigua & Barbuda’s National Development Fund (NDF). The NDF requires investors to contribute a minimum of $100,000 to a program within Antigua & Barbuda that would help develop a part of the country. Alternatively, for $50,000 more, you could contribute to the University of West Indies fund that sees your investment go towards educating citizens and international students in Antigua & Barbuda.

Dominica:

Dominica has a golden passport that can be obtained through their Dominica citizenship-by-investment program, similar to Antigua & Barbuda’s NDF program. Dominica’s Economic Diversification Fund (EDF) requires Foreign Investors to contribute a minimum investment of $100,000.

All the money generated by the EDF goes to funding projects in the public and private sectors, like the construction of schools, the renovation of hospitals, and projects in other industries like tourism and agriculture.

St. Lucia:

St. Lucia offers various citizenship-by-investment programs, with its least expensive option being a minimum donation of $100,000 to the National Economic Fund (NEF). The program sees the donation going to an existing government project or government-approved project. To better life on the island for residents and visitors.

For applicants who want to invest in real estate, your minimum investment would be $300,000, making it substantially more than the NEF program.

Grenada:

Grenada offers investors citizenship through investment options similar to the NDF and NEF programs. Grenada’s program, the National Transformation Fund (NTF), was created to contribute to the country’s tourism, agriculture, and alternative energy projects. Investors must contribute a minimum of $150,000. After all the processing and verification, you will receive your passport.

St. Kitts & Nevis:

If you are looking at St. Kitts & Nevis to be your country of choice, they have 3 options for getting your citizenship. The St. Kitts & Nevis Sustainable Growth Fund (SGF) is the least expensive option of the 3. Created in 2018, the SGF program focuses on growing sectors like healthcare, education, alternative energy, climate change and promoting indigenous entrepreneurship in St. Kitts & Nevis.

The minimum investment cost for going down the SGF route is $150,000. Matching Grenada’s minimum investment to their NTF program.

North Macedonia:

North Macedonia’s least expensive option for citizenship by investment is contributing €200,000 to a private investment fund. The fund funnels its investments towards the agricultural and manufacturing sectors, which is excellent for investors who are helping to grow the country and or get further involved in a business capacity.

Thailand:

Thailand offers a golden visa program for investors, requiring a minimum application fee of $19,000. But what is unique about Thailand is that they have 8 different visa programs that vary from one another. Thailand’s “Elite Visa” program gives qualified foreign investors a “Privilege Entry Visa” that is valid for up to 20 years.

The 8 programs range from the “Elite Flexible” to the “Elite Ultimate Privilege.” Thailand’s Privilege Card Company, which is state-owned and run within Thailand’s Federal Tourism Agency, says that the minimum investment for the entry program is $19,000.

Panama:

Panama offers two visa programs for foreign investors. Prices range from $40,000 up to $750,000. But because we are talking about the cheapest options, Panama’s cheap route is their “Panama Reforestation Visa Program,” where investors must make a minimum investment of $40,000.

The Panama Reforestation Program is approved and promoted by Panama’s Ministry of Environment. The program requires investors to contribute to the environmental initiative of planting the foundation for forests that have been compromised. It is making the program a win-win for investors and the rest of the country, as all the focus is set on environmental sustainability.

Exploring these options can provide a clearer understanding of more affordable pathways to citizenship or residency. If you have any further questions or are considering citizenship by investment, our experts at Fast Passport Boutique are ready to help you pick your best option. Take a look into all the Citizenship by Investment Program.