Currently there are numerous countries offering instant citizenship when you invest in a government fund, real estate property, approved business or government bonds. Where shortly after the country processes your application and you receive a second passport. Most citizenship by investment programs can offer you quite a fast timeline, a low price and a powerful travel document, however when it comes to choosing the fastest ones Dominica is currently at the top of the list in the Caribbean.
Dominica’s passport is ranked 41st in the world, with visa-free access to 119 countries, including Europe’s Schengen Area, Singapore and Hong Kong. The price tag for a single applicant is currently $100,000 non refundable contribution. To apply you’re your spouse it is $175,000 and for a family for four it is $200,000. In all, the timeline for citizenship in this Caribbean nation is just four months. Another benefit of the Dominican passport is that, as a commonwealth, citizens enjoy special rights for travel to the UK. You will also have easy access to most of the Caribbean. However you will have to apply for a visa for anywhere in North America.
Cyprus holds the record for the fastest economic citizenship program in Europe, with the quickest processing time documented at 58 days. In general, the process takes six months. Investment options include the purchase of government bonds, investment in a Cypriot business or the financing of commercial, residential or infrastructure projects. It is important to note that under any of these options you must maintain a personal residential property of at least a €500,000 value at all times, regardless of whether or not you eventually sell your other investments. Cyprus citizenship comes with an invaluable EU citizenship and the Cyprian passport is among the most powerful travel documents in the world, ranking 17th and allowing visa-free travel to over 159 countries.