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30 Sep 2024

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D8 Visa Portugal: Your Gateway to Remote Work in Europe
UncategorizedD8 Visa Portugal: Your Gateway to Remote Work in Europe Portugal’s D8 Visa is a lifestyle upgrade for remote workers, freelancers, and digital nomads craving a European hub. Think affordable living (€2 coffees, €15 seafood feasts), reliable high-speed internet (for hitting deadlines between surf sessions), and a welcoming community. However, is this visa all golden beaches and tax perks? Not quite. While the D8 offers a path to residency and a lower cost of living, there’s fine print lurking behind the Instagram-worthy scenes. Let’s break down everything you need to know about Portugal’s D8 visa and find out if this is your perfect ticket to remote work bliss. What is the Portugal D8 Digital Nomad Visa? First things first, the Portugal Digital Nomad Visa allows freelancers and remote workers to live and work in Portugal. Unlike traditional visas that require a job with a local employer, this visa lets you earn income from your home country while enjoying life there. Talk about working with Portugal’s scenic beauty as your backdrop, all while maintaining your existing income sources. The D8 Visa is a long-term residency permit, initially valid for one year and renewable. After five years of residency, you can apply for permanent residency or citizenship. If you’re seeking new scenery, the D8 offers a coastal lifestyle with access to Lisbon’s vibrant cityscapes or Porto’s beachfront charm. You can swap your familiar surroundings for sunny coasts, historic towns, and a relaxed pace of life without giving up your career abroad. Who is Eligible for the D8 Visa? To apply, you must prove you can financially support yourself in Portugal. This means showing a stable monthly income from freelance or remote work. Minimum Income Requirements The minimum amount is four times the minimum wage in Portugal, which would amount to approximately €3,480 per month. This doesn’t mean that you have to stick to this figure. The more the numbers, the higher the chances of you getting the visa.  Who Can Apply? The D8 Visa is designed for: Freelancers or self-employed individuals Remote employees with a foreign employer Entrepreneurs with online businesses You must provide proof of work, such as employment contracts, client invoices, or business registration documents. As long as you have these documents, the process of securing a D8 visa will become easier. Health Insurance and Criminal Record Checks Applicants must have private health insurance valid in Portugal until they qualify for the public healthcare system (SNS). You’ll also need a clean criminal record, confirmed by a police clearance certificate from your country of residence over the past five years. How to Apply for the D8 Visa Now that you understand the basics, let’s break down the application process to avoid hiccups. Documents You’ll Need A valid passport (with at least six months remaining) Two passport-sized photos (4.5x3.5 cm) Proof of remote income (employment contracts, client invoices, tax returns) Recent bank statements showing consistent earnings Portuguese tax identification number (NIF) Private health insurance valid in Portugal A clean criminal record certificate from your country of residence (past five years) Proof of accommodation (rental agreement, property deed, or hotel booking) A motivation letter (in English) explaining your reasons for moving to Portugal Application Steps Visit the Embassy/Consulate: Collect the D8 visa application form from your nearest Portuguese consulate or embassy. Complete the Form: Fill in all details accurately and book an appointment. Submit Documents: Hand in the form and required documents and pay the application fee (typically under €200). Interview (if required): Be prepared to discuss your remote work setup, income sources, and reasons for choosing Portugal. Highlighting ties to Portugal (language study, cultural interests) can strengthen your case. Processing Timeline It typically takes 2-3 months for the entire thing to be processed and for your passport to get delivered with the visa stamped on it. The Portuguese consulate gets about 90 days to decide whether they are going to grant you the visa or not. If you get the green light, you get to stay in Portugal for 120 days. During your 120 days of stay, you can apply for permanent residency, which again takes about 90 days to be issued. Moreover, work permits are typically finalized by SEF within 60 days of applying. Once your residency is approved, you’re free to enjoy Portugal’s coastal lifestyle, historic cities, and laid-back pace while continuing your remote career. Pack your bags, and get ready to turn your European workation dream into reality. Can You Bring Your Family on the D8 Visa? Yes! The D8 Visa allows you to bring family members, provided you can financially support them. Here are three things you must keep in mind: Family Reunification Rules To qualify, your income or savings must exceed the base requirement. For a spouse or legal partner, you’ll need to show an additional 50% of the €3,480 monthly minimum. For each child or dependent (under 18), add 25% per child. Adult children over 18 may qualify if they’re unmarried, financially dependent (such as students), or have disabilities. Approved family members gain access to Portugal’s public healthcare and education systems. Required Documentation You’ll need to submit documents proving your relationship to family members, such as marriage or birth certificates. Updated financial statements must reflect the increased income or savings required to support dependents. Health insurance covering all family members for their stay in Portugal is also mandatory. Costs and Taxes Before applying for Portugal’s D8 Visa, consider both the costs and tax implications. The visa application fee is €90, paid when submitting documents at a Portuguese consulate. If approved, you’ll pay €158 for your residence permit card. Private health insurance is mandatory until you qualify for Portugal’s public healthcare system (SNS), and it costs €300–600 annually. You’ll also need a Portuguese taxpayer number (NIF), which costs €10–15 and is required for tasks like opening a bank account. Moreover, legal fees for hiring an immigration lawyer range from €500–2,000, depending on the services needed. There are also miscellaneous expenses, such as document translations or notarizations, which vary by case. More on taxes below. Portugal’s Tax Rules for Digital Nomads If you spend over 183 days/year in Portugal, you become a tax resident. This means your global income (including foreign earnings) may be taxable. While the NHR tax regime ended in 2024, its replacement, which is the Incentivised Fiscal Regime for Scientific Research and Innovation (IFICI), is great for researchers, innovators, and higher education pros. If eligible, you could get: 20% flat tax on Portuguese employment/freelance income. Foreign income exemptions (varies by tax treaties). Zero wealth tax so that Portugal remains attractive for remote workers and entrepreneurs. Social Security Contributions Freelancers registered in Portugal must pay social security (Segurança Social) contributions, typically 21.4% of declared income. Partial exemptions may apply during your first year. VAT for Freelancers/Business Owners Exempt from charging VAT if annual earnings are under €13,500. 23% VAT applies to services if earnings exceed this threshold, requiring regular VAT filings. While Portugal offers tax benefits for new residents, consult a tax advisor to understand how residency may affect your obligations, especially if earning income abroad. Living in Portugal as a Digital Nomad Living in Portugal as a digital nomad means that you get to choose from an attractive list of places, including the highly commercial capital, Lisbon, and not-so-touristy areas such as the Algarve. Here are the most preferred cities for digital nomads and the cost breakdown to help you navigate the Portugal landscape and assist you in choosing the best option. Top Cities for Digital Nomads Lisbon Lisbon is by far the largest city and hotspot for digital nomads. It thrives on both the day and the night. During the day, you’ll see people hustling hard, making the most of the startup ecosystem around the place. At night, you’ll watch the same people party hard, as the nightlife of this city is famed all over Europe. The mild, sunny climate (a welcome escape from northern Europe’s harsh winters) adds to its appeal. Moreover, you get a well-connected transportation system that makes it easy to get around. It’s also home to some of the most fantastic co-working spaces where you’ll meet people from all walks of life. Porto Portugal’s second-largest city offers a slower pace without sacrificing culture. It has some of the most stunning views of the river and has a thriving tech community. Coworking spaces like Porto i/o are great for creatives and entrepreneurs, while affordable rents (compared to Lisbon) make it a budget-friendly choice. Madeira If you’re a water child, you simply wouldn’t want to miss Madeira. It’s an archipelago comprising four islands. People who love the vibes of an island will find their dreams come true here. Imagine speaking with your clients while drinking in the beauty of an ocean. The government has been actively trying to encourage people to work from here, so you’ll find an excellent community, lots of coworking spaces, and even get to enjoy networking events. What more could you ask for as a digital nomad? Cost of Living Breakdown Portugal remains one of the most affordable Western European countries that offers a high quality of life at a reasonable cost. Here’s a breakdown of estimated monthly expenses: AccommodationLisbon: €1,200+ for a 1-bedroom apartment in the city center, €900+ in suburban areasPorto: €900+ for a 1-bedroom apartment in the city center, €700+ in suburban areasMadeira: €800+ for a 1-bedroom apartment, with options for co-living spaces for lower costsUtilities & InternetElectricity, Water, Heating: €100-€150 per monthHigh-speed Internet: €30-€50 per monthMobile Plan: €15-€30 per monthFood & DiningGroceries (Per Person): €200-€400 per monthEating Out (Budget Meal): €10-€15 per mealMid-range Restaurant for two: €35-€50Coffee in a Café: €1-€3TransportationMonthly Public Transport Pass (Lisbon & Porto): €40-€50Taxi or Ride-sharing (Per KM): €0.50-€1Car Rental: €300-€600 per monthLifestyle & LeisureGym Membership: €30-€50 per monthCinema Ticket: €7-€12Weekend Getaway (Domestic Travel): €100-€250 Local Communities and Coworking Spaces One of the best aspects of living in Portugal as a digital nomad is the thriving community. From Lisbon’s Tech Hub to Porto’s creative scene and Madeira’s remote work retreats, there are countless networking events, meetups, and professional communities to connect with other nomads. Some of the best coworking spaces across Portugal include: Lisbon: Second Home Lisbon, Heden, Impact Hub Porto: Porto i/o, Typographia, WOW Coworking Madeira: Cowork Funchal, Digital Nomad Village (Ponta do Sol) Overall, beyond affordability, Portugal’s blend of culture, safety, and welcoming locals creates an unmatched quality of life. It continues to solidify itself as one of the best destinations for remote workers worldwide. Considering a Long-Term Move to Portugal? Explore the Golden Visa with Bitizenship While the D8 Visa is ideal for remote workers, Portugal’s Golden Visa program offers an attractive pathway for those looking to invest and settle long-term. You get added benefits like visa-free travel across the Schengen Area and a route to EU citizenship. At Bitizenship, we specialize exclusively in Portugal’s Golden Visa and provide end-to-end support for it, including: Document Prep: Prepare your documents to meet all legal requirements. Application Support: Submit your application, book embassy appointments, and handle follow-ups. Tax & Residency Advice: Help you maximize financial benefits while settling in Portugal. Relocation Assistance: Ongoing support to make your transition to Portugal smooth. We let you focus on planning your European move while we manage the paperwork to turn your Portugal dream into reality. Invest in Portugal Golden Visa today. Closing Thoughts Portugal’s D8 Visa gives digital nomads a fresh start in a vibrant new home. You trade your usual office routines for mesmerizing ocean views at an affordable cost. And with Bitizenship handling the visa process smoothly, there’s nothing holding you back. Ready to make the move? Contact us today and begin your Portuguese adventure. FAQs What is the Minimum Income for D8 Visa Portugal? You need at least €3,480 per month to qualify, though having a higher income strengthens your application. What is the D8 Visa for Portugal 2025? The D8 Visa is Portugal’s digital nomad visa, allowing remote workers to live in Portugal while earning from foreign sources. What is a Portugal Type D Visa? A Type D Visa is a long-term residency visa for Portugal, covering categories like work, study, and digital nomad visas. How Long Does it Take to Get a D8 Visa for Portugal? Processing times can typically range from 2-3 months after you submit all the required documents and pay the necessary fees.

11 MIN READ

24 Jul 2025

Easiest Digital Nomad Visa: Work and Travel Without Hassle
Golden visaEasiest Digital Nomad Visa: Work and Travel Without Hassle For the enrichment of culture and, of course, economic benefits, countries now offer what is called a digital nomad visa to those with a remote job and a sense of wonder and adventure. But here’s the catch: many of them are buried in hidden fees or “gotcha” requirements. That’s why we’ve carefully compiled a list of the top 20 countries that offer a digital nomad visa, a logical step for those who dream of living in another country. Let’s find out which is the easiest digital nomad visa you can apply for. What is a Digital Nomad Visa? A digital nomad visa is a special type of visa built for remote workers that allows them to legally live and work in another country for an extended period without breaking immigration laws.  This visa is offered to those who make a living earning money via a remote job, have investments, are freelancing, or run a business outside the host country. It’s important to keep in mind that it does not allow you to take up local employment, so you must earn your income from abroad. Every country is unique with different sets of rules when it comes to these types of visas, but the overall process, on a fundamental level, is similar and looks like this: You must show all the required documents and prove that you work remotely for a foreign employer, own a business in another country, or are a freelancer. You must prove that you have a steady and stable source of income and can support yourself. Income requirements vary from country to country. However, generally, they aren’t particularly high, with many countries requiring about $50,000 per year. Once all documents are submitted, including proof of employment, bank statements, and health insurance, you must then pay the visa fee. This is, in full disclosure, extremely generalized. So, before applying for a digital nomad visa for a country, it’s best to read up on them specifically to understand all the nuances and little details. Benefits for Remote Workers Getting a digital nomad visa has the obvious benefit of escaping the 9-to-5 grind and exploring the world without leaving your job behind. It also comes packed with a bunch of other benefits for remote workers, such as: You can stay six months to a few years without worrying about overstaying. This gives you the opportunity to explore cultures deeply without visa troubles hovering over you. With a digital nomad visa, you’re on the right side of the law and free from the risk of fines or deportation. Some countries offer tax breaks or even low/zero income tax for digital nomads, meaning more cash in your pocket. Places like Dubai and Barbados are known for these perks. Depending on which country you decide to go to, you can massively lower your living costs, especially when coming from the West. This indirectly allows you to enjoy a more lavish lifestyle in a new country with more savings on the same salary. These visas often allow you to open local bank accounts, sign up for long-term rental agreements, and even access health services. In some cases, these visas can lead to permanent residency down the road, so it gives you a more stable home base abroad. However, this isn’t guaranteed, nor should digital nomad visas be used for that purpose. What Makes a Digital Nomad Visa Easy to Get? Everyone who has ever seen work visa applications before understands that they are far from easy or convenient. From dealing with bureaucracy to attending appointments, the process is long and tedious. Digital nomad visas, on the other hand, defy this and make obtaining one as simple as possible. Besides having low-income requirements, here’s a list of reasons why a digital nomad visa is easier to obtain: 1. Minimal Paperwork & Simple Application Process Paperwork isn’t particularly difficult, but it’s tedious and time-consuming. This slows the process down. The fewer documents required, the easier the process becomes. Many countries only ask for proof of income, remote work verification, health insurance, and a clean criminal record for digital nomad visas. Some countries, like Estonia, even allow online applications for added convenience. 2. No Sponsorship or Job Offer Required For traditional work permits, applicants need a company to sponsor them. Here, you merely need to prove you’re making money remotely. If that amount meets the requirement, your application can be processed. 3. No Strict Education or Experience Requirements There are no requirements for educational qualifications or years of experience within a specific industry. Digital nomad visas do not take these factors into account. As long as you’re earning remotely and meet the basic requirements, you’re good to go. Moreover, the visa approval process is fairly straightforward and takes less time than a traditional work visa. Easiest Countries Offering Digital Nomad Visas Every country has its set of rules and nuances when it comes to offering digital nomad visas, so it’s best to research the specific country you hope to visit. To make it easier, here’s a list of countries with the easiest processes and high selection rates. Some even offer unique perks. 1. Anguilla This British Overseas Territory in the Eastern Caribbean has a fairly straightforward process with minimal paperwork. Its digital nomad visa, the Work From Anguilla Certificate, has an application process that takes around 15 days. However, the visa cost is on the higher side, which is $2,000 for a one-year validity, after which you'd need to reapply. Families are welcome, and a minimum monthly income of about $4,160 is required. 2. Portugal Portugal’s digital nomad visa is an extremely tempting proposition for remote workers. The simple online application process makes it easy to apply. The visa is valid for a year, with plenty of options for renewal. You must have a monthly income of around €2,800-€3,000. Also, Portugal's Golden Visa program is available for investors, requiring a minimum investment of €500,000 (or an alternative qualifying investment). While more resource-intensive, it offers a pathway to EU residency with low physical presence requirements. 3. Antigua and Barbuda If you’re looking for a longer stay from the outset, the Caribbean islands of Antigua and Barbuda offer you the chance to live there for up to two years with no local sponsorship requirements. The process requires minimal documents and allows online applications. The application fee is $1,500, and you will receive an update within 5–7 business days. The minimum income requirement is $50,000 per year. 4. Barbados The Barbados Welcome Stamp is a special visa program introduced in 2020 to attract digital nomads to call this Caribbean island their new temporary home for 12 months, with the potential for renewal. The application cost is $2,000, with a higher price for family bundles. 5. Bermuda Bermuda welcomes remote workers and university students attending online classes to live on the island for one year through its digital nomad visa program, which is renewable on a case-by-case basis. There is no set minimum income requirement, but you must provide bank statements to prove you can support yourself. Family inclusion is also possible. 6. Cape Verde If you wish to live in an island paradise, Cape Verde’s Remote Working program makes it possible. Valid for 6–12 months No complicated income requirements Just show proof of €1,500/month in your bank account The best part is that you can apply online. Once it’s approved, you’ll have 30 days to land in Cape Verde and submit your documents. And to make it even better, your visa gets issued within 5 days of arrival, and you can bring your family along. 7. Colombia Colombia’s Visa V Digital Nomads program aims to make the country highly appealing for remote workers. You can expect an answer within 30 days of submission, and the minimum monthly income requirement is only $1,100. 8. Costa Rica Costa Rica’s “Pura Vida” philosophy makes it a popular choice for digital nomads. The country offers a visa option that allows you to live tax-free for up to two years. You will receive a response within 14 days after all necessary documents are provided. 9. Curaçao @Home in Curaçao is a program designed for travelers, investors, and remote workers seeking a temporary home away from home. This digital nomad visa is valid for 6 to 12 months and has a fast processing time of about 30 days, with fees of only around $300. You must prove a steady income of approximately $2,500 per month, making it an attractive option for professionals who wish to relocate with their families. 10. Dominica Dominica’s WIN (Work In Nature) Program has quickly become popular among digital nomads in the Eastern Caribbean. This English-speaking island offers a visa that allows nomads to reside on the island for up to 18 months. The application process is efficient, typically taking between 14 and 28 days. To qualify, you need to show a minimum annual income of $50,000. The visa fee is set at $800 for individuals and $1,200 for families, and the required documents include a passport copy, proof of international health insurance covering Dominica, and evidence of remote work and income verification in English. Everything is submitted online, but applicants must visit Dominica within 30 days of visa approval. 11. Dubai (UAE) Entering the UAE through its Virtual Working Program always seemed to be on the pricier side, but it has relaxed its requirements. It now offers a one-year residency for remote workers earning at least $3,500 per month. Applying is easy and completely online, and the processing time is merely seven days. A major seller for Dubai’s digital nomad visa is the perks it comes with, like schooling for local children, the ability to open bank accounts, and even the option to apply for loans. This has made it a very practical option for remote workers who have a family. 12. Grenada Grenada is a solid option if you’re thinking about relocating to the Caribbean. English is their official language, and there are no local income tax requirements, making it super remote worker-friendly. The only catch? You’ll need to apply the old-school way. That means mailing a physical package with your documents and a fee, which is $1,500 for individuals or $2,000 for families. It must be sent directly to the Grenadian Embassy in Washington, D.C. Once that’s done, you’re one step closer to enjoying tax-free island life. 13. Hungary Hungary’s digital nomad visa is one of the easiest to apply for in Europe, with low-income requirements, minimal paperwork, and a validity of up to one year. However, the main drawback is that you must attend an in-person interview and appointment. If that’s not a dealbreaker, the process is fairly simple, with approvals typically taking about a month. 14. Malaysia Malaysia’s digital nomad visa, known as the Professional Visit Pass, allows you to stay in the country for up to 12 months, with the option to renew for another year. Processing time is around 30 days, and the application fee is relatively low at $220 per person, with an additional $110 for dependents. However, the visa is only available to those working in digital industries, such as content creators, IT professionals, and digital marketers. 15. Malta Malta offers a one-year digital nomad visa, which can be extended up to three years. The visa fee is relatively low, and you must demonstrate a minimum monthly income of approximately €2,700. Additionally, Malta has a separate Golden Visa program for investors, which requires an investment of around €500,000 and offers a pathway to long-term EU residency and eventual citizenship. 16. Mauritius Mauritius has one of the easiest digital nomad visas in the world, as applications are free and approvals are typically granted within two days. You must show proof of remote income, usually requiring between $1,500 and $2,000 per month. You can also include family members in your application. All the necessary documents must be submitted in English or French. 17. Namibia Namibia’s digital nomad visa allows you to live in the country for six to twelve months. The application process is fully online, and the fee is only $62. However, you must prove a monthly income of at least $2,000. 18. Uruguay Uruguay offers a fully online application process with a visa fee of just $10 upon collection. The country has no stated income requirements, making it accessible to a wide range of digital nomads. The cost of living is also reasonable, as a single person can live comfortably on $1,500 per month. With no local income tax and a business-friendly environment, this country is an attractive option for remote workers. 19. Albania Albania introduced its digital nomad visa in 2022, offering an initial one-year stay, extendable up to five years. There’s no official minimum income requirement, but it’s recommended that you earn more than the country’s minimum wage to improve your approval chances. Visa costs range from $67 to $107. 20. Croatia Croatia’s digital nomad visa takes around two months to process and costs $139. You must show proof of a monthly income of $2,658. However, the visa is not renewable, so if you’re looking for long-term stays, it’d be better to consider other options. How Bitizenship Makes Your Digital Nomad Life in Portugal Easier If living in Europe is your goal, and you’re a crypto-first investor or remote entrepreneur seeking something more permanent than a digital nomad visa, Portugal’s Golden Visa is a powerful alternative. It gives you long-term freedom to live, work, and invest in Europe without constantly renewing your visa. And the cherry on top? Bitizenship makes the entire journey super smooth. We help you skip the paperwork and legal headaches so you can focus on growing your business and living your best life. Here’s precisely how we make the entire process simpler: Expert Guidance: Having over a decade of experience and 110+ successful visa applications, it only makes sense for us to walk you through every step, including choosing the right investment and handling the paperwork. Done-For-You Service: We collaborate with top lawyers and tax experts in Portugal so you don’t waste time figuring things out on your own. Family-Friendly: The Portugal Golden Visa allows you to include your spouse and children, giving your whole family a secure path forward. Long-Term Benefits: While most digital nomad visas expire in a year or two, the Golden Visa can lead to permanent residency and even citizenship in the EU. Bitizenship is your shortcut to making your digital nomad lifestyle official, minus the stress. Less hassle. More adventure. Get in touch to Invest in Portugal Golden Visa today. Closing Thoughts Digital nomad visas open up a world of opportunity by offering a legal and straightforward way to transform your lifestyle. A tip to keep in mind is to master your destination’s fine print. Think about income thresholds, residency rules, and tax implications before applying. With the support of a platform like Bitizenship, you can sidestep bureaucratic headaches, fast-track visa approvals, and even unlock smart tax strategies. FAQs What is the easiest country to be a digital nomad in? The easiest country for a digital nomad depends on visa requirements, ease and cost of applications, and overall cost of living. Considering these factors, Portugal, Albania, Costa Rica, Cape Verde, and Colombia offer simple digital nomad visa processes with reasonable income requirements and fast approvals. What is the easiest nomad visa to get? An easy nomad visa would have minimal paperwork, low or no income requirements, and a simple, fast, and online application process. Some of the easiest to obtain include those from Mauritius, Albania, Colombia, and Cape Verde. What is the fastest digital nomad visa to get? In terms of processing time, Dubai, Bermuda, and Barbados are among the fastest, with approvals typically taking less than a month. Dubai stands out, with approvals usually granted within 2–3 weeks. What is the lowest-income requirement digital nomad visa? Albania and Colombia have some of the lowest income requirements, at $815 per month and $750 per month, respectively.

14 MIN READ

07 Apr 2025

Cheapest Citizenship by Investment – Get a Second Passport
UncategorizedCheapest Citizenship by Investment – Get a Second Passport Have you ever felt envy for people who have dual citizenship? Besides being a practical tool for freedom of travel, financial flexibility, and personal security, getting a second passport isn’t as hard as it used to be. With the cheapest citizenship by investment programs starting at $130,000, obtaining a second nationality is now within reach for more people than ever.  However, the cheapest doesn’t equal the best. By investing $200,000 for citizenship in some Caribbean countries, you can enjoy both beautiful beaches and better benefits like Visa-free travel to more than 140 countries. It’s up to you to decide what you value more.  Besides visa-free access to over 140 countries, these programs also offer tax advantages and the freedom to live, work, or retire abroad. For those looking into what are the cheapest citizenship to buy, Caribbean nations like Dominica and Saint Lucia provide fast, affordable routes with no global income tax.  Meanwhile, countries in Europe and beyond continue expanding their residency and citizenship programs, making citizenship by investment the cheapest route to access many benefits. With over 20 nations now offering these, the opportunities are growing. If you want easier travel, better business prospects, or a long-term backup plan, finding the cheapest citizenship by investment is a smart move. What is Citizenship by Investment? At its core, citizenship by investment (CBI) is a legal mechanism that allows people to obtain a second citizenship by contributing economically to a host country.  In other words, instead of acquiring citizenship through ancestry, marriage, or long-term residence, you gain it through a qualifying investment, often in real estate, a national development fund, government bonds, or even business development. This isn’t a loophole or workaround. It’s a legitimate policy adopted by more than 20 countries worldwide, many of which are small or emerging economies looking to attract foreign capital. In return, these countries offer one of the most powerful tools available to global citizens: a second passport. For example, someone investing $200,000 in Dominica’s Economic Diversification Fund can receive full citizenship for themselves and their family within three to four months. This includes the right to live and work in Dominica, access to over 140 visa-free travel destinations, and the ability to pass citizenship on to future generations. How Citizenship by Investment Works Every country structures its program differently, but most follow a similar process: Choose your investment route This could be a non-refundable donation to a government fund, the purchase of approved real estate, or investment in a local business or bonds. Submit your application With support from a government-approved agent or legal firm, applicants provide background documents, proof of funds, and personal identification. Undergo due diligence Countries run security and background checks to ensure applicants are reputable, law-abiding individuals. Receive approval  Once cleared, you make your investment. Obtain citizenship You receive your passport and citizenship certificate usually within 2–6 months, depending on the country. While some countries offer a direct path to full citizenship, others, like Portugal, offer a residency route that can lead to citizenship after several years. These are sometimes called “citizenship-by-residency” programs and are particularly popular in Europe. Who Is Citizenship by Investment For? These programs were originally popular with investors, business owners, and families who moved around frequently. However, the appeal is expanding.  More remote workers, digital nomads, and people from countries facing political or economic challenges are now turning to citizenship by investment as a way to secure a more stable and flexible future.  For example, a crypto investor from Argentina might find Saint Lucia's citizenship by investment route appealing, allowing them to bypass capital controls and gain visa-free access to over 140 countries.  Similarly, a family from South Africa might look into the Portuguese Golden Visa to gain access to European healthcare and education, all while working toward EU citizenship in just five years. Types of Investments for Obtaining a Second Citizenship When applying for citizenship by investment, you’ll typically have several options to choose from. Each country has its own rules and minimum investment thresholds, but these are the most common types: Government donations Many countries offer a fast-track citizenship route through a non-refundable contribution to a government fund. This is the simplest option, requiring no ongoing management, but you don’t get a return on your investment. For example, Antigua and Barbuda’s National Development Fund allows applicants to secure citizenship with a donation starting at $230,000. Real estate investment Buying property is one of the most popular ways to obtain a second passport. Many Caribbean nations offer citizenship or residency in exchange for real estate purchases above a certain value. This route allows investors to potentially earn rental income while securing their status. However, some programs require you to hold the property for several years before selling. Business and job creation Some countries grant citizenship to those who invest in or start businesses that create jobs for locals. This is common in programs like Malta’s, where applicants must contribute to the economy through business activity. While this option can offer strong financial returns, it also comes with risks, as your eligibility depends on business success and compliance with local laws. Investment in government-approved funds Instead of directly purchasing assets, some programs allow investments in approved venture capital or private equity funds. Portugal’s Golden Visa, for example, has an option where applicants invest at least €500,000 into eligible investment funds, typically focused on industries like technology, healthcare, or energy. These funds are managed by professionals, reducing the burden of actively overseeing an investment. Bonds and securities Certain countries, such as St. Lucia, offer citizenship in exchange for investing in government bonds. These bonds are typically low-risk, but they require a significant upfront investment and must be held for a specified period before they can be redeemed. Benefits of Obtaining Citizenship by Investment Let’s say you decide to invest in one of the cheapest citizenship by investment programs from our list. What would that mean for you? Visa-Free Travel One of the most immediate and tangible benefits of a second passport is visa-free or visa-on-arrival access to more countries. For example, a passport from Dominica or Saint Lucia provides access to over 140 countries, including the Schengen Area, Hong Kong, Singapore, and the UK. With one of the cheapest citizenships to buy, you can bypass embassy interviews, visa fees, and administrative delays when planning business trips or family vacations. Tax Optimization Many countries that offer the cheapest citizenship by investment options also happen to be tax-friendly jurisdictions. Caribbean nations like Antigua and Barbuda, Grenada, and Dominica impose no taxes on foreign-sourced income, capital gains, inheritance, or wealth. This is ideal for investors, crypto holders, or entrepreneurs with global income streams who want to reduce their overall tax burden legally. In contrast, countries like Portugal offer favorable tax regimes such as the IFICI program. The program allows qualifying applicants who work in research, innovation, and technology to benefit from reduced income tax rates (just 20%).  It also allows tax exemptions on certain foreign income if qualifying conditions are met, making it one of the best hybrid models in Europe for those looking for both lifestyle and tax efficiency. Security and Stability For people living in countries where political or economic conditions are unpredictable, securing a second citizenship offers valuable peace of mind. Consider someone in Argentina, where economic instability and inflation are a constant concern. By acquiring citizenship through investment in a stable country, they gain security for themselves and their family.  This means they don’t have to worry about the financial collapse or political turmoil back home and can rest easy knowing they have options if things take a turn for the worse. Generational Benefits One of the biggest benefits of citizenship by investment programs is that they’re often passed down to future generations. This means your children can enjoy the same benefits, like the ability to live and work freely in other countries.  This means your family won't need to go through the process again or spend more money. It’s a lasting opportunity for them to enjoy the freedom and options that come with it.  Business Expansion and Banking Access With a second passport, especially one from a country with strong diplomatic ties, it becomes much easier to open international bank accounts, register offshore companies, and expand your business. Grenada, for instance, is one of the few countries with both the cheapest citizenship by investment program and access to the U.S. E-2 Visa treaty. This allows citizens to invest in and live in the United States, making Grenada an incredibly strategic option for entrepreneurs with U.S. ambitions. 7 Cheapest Citizenship by Investment Programs in 2025 Vanuatu Vanuatu is a Pacific Island nation offering natural beauty, friendly locals, and one of the world’s fastest citizenship by investment programs. For those who want a second passport in record time, Vanuatu is the way to go. With a donation of $130,000 to the Development Support Program, applicants can receive a passport in as little as 30-60 days; no residency or language requirements are involved.  While its passport doesn’t offer as much access as the Caribbean options, it’s still strong, and the zero-tax policy is attractive for wealth preservation. Vanuatu Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $130,000 for a single applicant and up to 180,000 for a family with two children.Visa-free TravelVanuatu citizens have visa-free or visa-on-arrival access to 90 countries and territories, including Singapore, Russia, and Malaysia.Processing TimeThe application process typically takes about 45 days.Residency RequirementThere is no residency requirement for applicants.Tax BenefitsVanuatu offers favorable tax policies, including no personal income tax, no corporate tax, no wealth tax, and no inheritance tax.Family InclusionThe program allows the inclusion of spouses and children.Passport RankingThe Vanuatu passport is ranked 49th globally in terms of travel freedom.Dual CitizenshipVanuatu recognizes dual citizenship, allowing individuals to retain their original nationality. Dominica Dominica is a lush, mountainous island nation in the Caribbean, known for its natural beauty, eco-tourism, and commitment to sustainability.  It offers one of the most reputable and cheapest citizenship by investment programs, in operation since 1993. With a minimum donation of $200,000 to the Economic Diversification Fund, applicants can secure citizenship in as little as three months. There are no residency or interview requirements, and the process is highly efficient. Investors gain visa-free access to over 140 countries, including the EU, much of South America, and Brazil. Dominica Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $200,000 for contribution to Economic Diversification Fund (EDF) for a single applicant or $200,000 investment in approved real estate projects, plus government fees.Visa-free TravelDominica citizens have visa-free or visa-on-arrival access to 145 countries and territories, including Singapore, Hong Kong, Russia, Brazil, and South Korea.Processing TimeThe application process typically takes approximately 3 to 6 months from submission to approval.Residency RequirementThere is no mandatory residency requirement for applicants.Tax BenefitsDominica offers favorable tax policies, including no wealth, gift, inheritance, foreign income, or capital gains tax.Family InclusionThe program allows the inclusion of the spouse, dependent children under 30, and dependent parents or grandparents over 55 years old.Passport RankingDominica's passport is ranked 27th globally in terms of travel freedom.Dual CitizenshipDominica recognizes dual citizenship, allowing individuals to retain their original nationality while enjoying the benefits of Dominican citizenship. Antigua and Barbuda Antigua and Barbuda is a twin-island paradise in the Eastern Caribbean that has beautiful beaches, clear waters, and a relaxed atmosphere. With English as the main language, it appeals to retirees, business owners, and remote workers. Antigua and Barbuda offer one of the cheapest citizenship by investment programs in the world. Starting at just $230,000 for a single applicant via a donation to the National Development Fund, the process is fast, straightforward, and doesn’t require physical residency. Investors gain visa-free or visa-on-arrival access to over 150 countries, including the EU Schengen Area, the UK, Singapore, and Hong Kong. Antigua also allows dependents and even parents and siblings to be added to the application at a relatively low additional cost. With no personal income, capital gains, or inheritance taxes, it’s also a smart choice for wealth protection. Antigua and Barbuda Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $230,000 in donations to the  National Development Fund (NDF) or $400,000 minimum investment in real estate.Visa-free TravelAntigua and Barbuda citizens have visa-free or visa-on-arrival access to 151 countries, including Singapore, the United Kingdom, and Russia.Processing TimeCitizenship can be processed in approximately 3-4 months.Residency RequirementApplicants must maintain residency in Antigua and Barbuda for at least 5 days during the first five years of citizenship.Tax BenefitsAntigua and Barbuda have no inheritance tax, wealth tax, gift tax, or capital gains tax.Family InclusionIncludes spouse, children under 30, dependent parents, and grandparents.Passport RankingThe Antigua and Barbuda passport is ranked 20th globally in terms of travel freedom.Dual CitizenshipDual citizenship is permitted. Saint Lucia Saint Lucia is a Caribbean island country with volcanic peaks, white-sand beaches, and lush greenery as far as the eye can see. Entrepreneurs, remote workers, and retirees alike are drawn to the island’s relaxed atmosphere and growing economy. Its CBI program, introduced in 2016, is one of the newest and most flexible in the region, making it a top pick among those seeking the cheapest citizenship to buy. Applicants can invest through a government donation, real estate, or government bonds.  With visa-free access to over 140 countries and zero tax on worldwide income, Saint Lucia has excellent value, especially for people wanting minimal commitment, as no visitation is required during the application process. Saint Lucia Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $240,000 for the main applicant and up to three qualifying dependents for a donation to National Economic Fund (NEF), or $300,000 in real estate investments.Visa-free TravelVisa-free or visa-on-arrival access to over 140 countries, including the UK, Schengen Area, Hong Kong, and Singapore.Processing TimeApproximately 4 to 8 months, including passport issuance.Residency RequirementNo mandatory physical residency or visitation is required during or after the application process.Tax BenefitsNo personal income tax, inheritance tax, or capital gains tax.Family InclusionSpouse, dependent children under 31, parents aged 55 and over, and unmarried siblings under 18 can be included in the application.Passport RankingSaint Lucia's passport is ranked 23rd globally in terms of travel freedom.Dual CitizenshipDual citizenship is permitted; applicants are not required to renounce their current citizenship. Saint Kitts and Nevis Saint Kitts and Nevis has everything from quiet beaches to lush rainforests. Beautiful beaches, many exploration opportunities, along with a welcoming community, make it a great choice for those looking to enjoy a slower pace of life while still holding a strong passport. Saint Kitts and Nevis is the pioneer of citizenship by investment, launching the world’s first official program in 1984.  The islands have one of the most globally recognized CBI passports, which is why they’re especially attractive to investors who want visa-free access to countries worldwide.  Saint Kitts and Nevis Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $250,000 in donations to Sustainable Island State Contribution (SISC) or from $325,000 to $600,000 in real estate investments.Visa-free TravelVisa-free or visa-on-arrival access to 156 countries and territories, including the UK, Europe, Hong Kong, and Singapore.Processing TimeTypically within 4-6 months.Residency RequirementNo physical residency requirement.Tax BenefitsNo personal income tax, inheritance tax, or capital gains tax.Family InclusionCan include spouse, children, and other dependents.Passport RankingSt. Kitts and Nevis passport is ranked 17th globally in terms of travel freedom.Dual CitizenshipDual citizenship is permitted. Grenada Grenada is a quiet Caribbean island with clear waters, beaches, and a warm climate. It’s known for its spice production, particularly nutmeg, often called “The Spice Island.” Grenada stands out among Caribbean nations for its access to the U.S. E-2 investor visa treaty. This means that, unlike most CBI countries, Grenadian citizens can apply for a U.S. visa to start and run a business. Citizenship is available through a $235,000 donation or a $350,000 real estate investment. Grenada Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $235,000 in donations to the National Transformation Fund (NTF) or from $350,000 in real estate investments.Visa-free TravelVisa-free or visa-on-arrival access to over 140 countries and territories, including the UK, Europe, and most of the Caribbean.Processing TimeTypically 3 to 4 months.Residency RequirementNo physical residency requirement.Tax BenefitsNo capital gains, inheritance, or personal income tax.Family InclusionSpouse, children, parents, and siblings can be included.Passport RankingThe Grenada passport is ranked 24th globally in terms of travel freedom.Dual CitizenshipPermitted applicants do not need to renounce their current citizenship. Turkey Turkey bridges Europe and Asia geographically and economically, making it a go-to destination for entrepreneurs and investors from all around the world.  Istanbul’s real estate market, unique culture, and large domestic economy are just some of the perks. With a real estate investment of $400,000, you can secure Turkish citizenship in under six months. The Turkish passport offers access to 110+ countries, including Japan and South Korea, but doesn’t yet include the Schengen Area. Turkey Citizenship by Investment - Key Details InformationDetailsInvestment RequiredFrom $400,000 in real estate, with a 3-year holding requirement, or an investment of $500,000 in a Turkish business or enterprise.Visa-free TravelVisa-free or visa-on-arrival access to over 100 countries, including Japan, South Korea, and many in Europe.Processing TimeTypically takes 3-6 months for citizenship approval.Residency RequirementNo physical residency requirement, but the property must be held for at least three years.Tax BenefitsNo capital gains, inheritance, or personal income tax for non-residents.Family InclusionIncludes spouse, children under 18, and dependent children up to 21.Passport RankingThe Turkish passport is ranked 35th globally in terms of travel freedom.Dual CitizenshipDual citizenship is permitted. The Best Alternative to Citizenship by Investment: The Portugal Golden Visa Portugal offers one of the most attractive residency by investment programs in the world. Through the Golden Visa program, foreign investors can gain residency by investing in funds, private equity, or job-creating businesses. After five years of maintaining residency, without the need to live full-time in Portugal, you can apply for full citizenship and receive one of the strongest passports in the world. Portugal is a Schengen Area country and an EU member, meaning that once you acquire citizenship, you gain full access to live, work, and travel across 27 EU countries. That’s a major benefit, especially for families looking to tap into European education or retirees seeking a stable, sunny place to settle down. Portugal also provides attractive tax benefits through the IFICI regime, enabling qualified workers in fields like technology and innovation to reduce their taxes to a flat 20% on local income and avoid paying Portuguese taxes on specific types of income earned abroad. Portugal Residence by Investment - Key Details InformationDetailsInvestment RequiredFrom €250,000 for cultural donation, €500,000 in investment funds or job creation (creating 10+ jobs).Visa-free TravelTravel visa-free within the Schengen Area.Processing TimeProcessing can take several months. Average wait time: 12–18 months.Residency RequirementThe minimum stay of 7 days in the first two year and 14 days every 2 years thereafter.Tax BenefitsThe IFICI regime provides attractive tax benefits for skilled professionals in research and innovation.Family InclusionCan include spouse, dependent children, and dependent parents.Passport RankingRanks 3rd globally, with access to 190+ countries visa-free or visa-on-arrival.Dual CitizenshipPortugal allows dual citizenship. How Bitizenship Simplifies Your Portugal Golden Visa Journey When you're just starting to look into the Golden Visa, it can quickly overwhelm you with paperwork, regulations, and investment choices. That's where Bitizenship comes in. We simplify your journey to acquiring a Golden Visa in Portugal by offering you investment opportunities in crypto. We achieve that by working hand-in-hand with Unbound Fund. Our main advantage is that we help you navigate the entire investment process transparently, securely, and efficiently.  Our team is dedicated to guiding you through every step of securing a residence by investment in Portugal. We understand that everybody is in a unique situation, so we tailor advice based on your needs. The result? You can explore Europe with Portugal’s Golden Visa, and we take care of the entire process, handling everything from due diligence to legal paperwork. And if you're weighing different passport options, our El Salvador vs. Portugal vs. Argentina Passports comparison provides insight that can help you make that decision. We’ve worked with clients worldwide, offering advice and clarity throughout their residence journey, including providing them with:  Concierge service for local guidance Opening of a bank account Legal support Tax representation So if you want to get a residency in Portugal that can lead to citizenship after 5 years, we will make the process smooth for you! FAQ – Cheapest Citizenship by Investment Which country gives citizenship for the lowest investment? Vanuatu offers full citizenship starting at $130,000, making it the cheapest citizenship to buy globally. Which country gives the fastest citizenship by investment? Vanuatu currently offers the fastest citizenship by investment, often completing the process in as little as 30–60 days. Which citizenship by investment is best? The “best” depends on your goals, but Portugal offers one of the strongest passports and long-term EU residency, while Grenada stands out for U.S. E-2 visa access. What is the easiest passport to get through investment? Saint Lucia and Dominica offer minimal residency, simple paperwork, and low investment thresholds, making them among the easiest paths to a second passport. What’s the cheapest citizenship by investment in Europe? North Macedonia and Portugal offer the most affordable and strategic paths to European citizenship, especially for long-term investors. What’s the cheapest citizenship by investment in Asia? Turkey leads the region, offering citizenship through a $400,000 real estate investment with relatively fast processing. What are the top citizenship by investment countries? Portugal, Dominica, Antigua and Barbuda, Saint Kitts and Nevis, and Grenada consistently rank as top options due to their balance of value, benefits, and credibility. What is the best citizenship by investment program overall? Portugal’s Golden Visa stands out for long-term EU access and tax benefits, while Vanuatu and Dominica lead on price and speed. Note The information provided in this blog is from official government websites for each country mentioned.

19 MIN READ

24 Jul 2025

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