Citizenship

Articles (10)

Second Passport Benefits – More Travel, Security and Opportunity
CitizenshipSecond Passport Benefits – More Travel, Security and Opportunity If you want more financial options and the ability to travel freely, getting a second passport might be your next step. Many people around the world opt for it to improve their lives (and quite massively). In this post, we’ll go over second passport benefits, what it is, why more people are choosing one, and how you can decide if it’s right for you. Why More People are Getting a Second Passport It’s a mere misconception lingering from the past that getting a second passport is only a viable option for the wealthy. The demand for second passports has increased dramatically over the years, with more countries allowing dual citizenship. Entrepreneurs, Bitcoin investors, and even regular families that can afford it are now jumping on board to open up new avenues of financial growth, start a new chapter in their lives, or have a “backup plan” in case their home country goes through economic, political, or social instability.  For professionals, dual citizenship opens access to new markets, tax benefits, asset protection, and visa-free travel. Families often prioritize safety, healthcare, education, and quality of life when choosing a second passport. If another country offers better opportunities, it’s more than just a luxury. It’s a practical step toward improving nearly every aspect of life.  That’s also precisely why every Bitcoiner should invest in alternative citizenship. Key Benefits of a Second Passport Every passport acts like a "key" that unlocks a unique set of privileges. Own two keys? You double your access. That’s the simplest way to explain the biggest advantage of a second passport. The list goes on, but here are just some of the benefits of second passport. Think of these as the “why” behind the growing trend. 1. Freedom to Travel Not all passports are created equal. There are some that act like VIP passes, which let you breeze through borders. Others? They’re more like a never-ending checklist of visas and paperwork. If your current passport limits where you can go, a second (stronger) one becomes your shortcut to stress-free global access. With two passports, you get to choose which one to use when entering most countries. (Quick note: Places like the U.S. require citizens to use their U.S. passports for entry, but this is rarely a hassle. Overall, your second passport will cut through the red tape of global politics, turning you into a truly borderless citizen. 2. Better Security To be fair, no country is immune to crises. Economic crashes, political unrest, and social upheaval will always be a part of a nation. If not at the moment, then potentially in the future. A second passport acts like an insurance policy for your safety. If things go south in your home country, you’ve got a backup plan. It’s a literal ticket to stability. 3. Wealth Protection Ever heard of “don’t put all your eggs in one basket”? A dual citizenship helps you avoid doing just that. Here are a few ways: Open offshore bank accounts (with better interest rates or currency options). Invest in foreign markets (think real estate in stable economies). Slash taxes legally. Countries like the UAE, Portugal, and St. Kitts & Nevis offer near-zero tax rates for citizens. It allows you to spread your wealth globally so that you’re no longer at the mercy of one country’s economy. Besides, dual citizenship also opens up new markets for investment, and now, since you’re a citizen of a new country, it’s much easier to open a business. 4. Access to Better Healthcare and Education Suppose you live in a country where either healthcare or education (or both) is objectively not up to your expectations. In that case, a second passport becomes a way for you and your family to get access to better hospitals and universities. In terms of improved quality of life, the EU has often been a great example of high-quality public services that make a huge difference. Singapore and Canada are also great examples of countries that can help you improve your life and reset your family’s future. 5. Lifestyle Upgrade Retire on a Mediterranean coast. Work remotely from a tropical island. Raise kids in a country with cleaner air and safer streets. A second passport turns these dreams into actionable options. Dual citizenship means you can split your time between two countries. Alps in winter? Bali beaches in summer? Your playground just got bigger because the possibilities are multiplied several times over. How Nationality Affects Your Second Passport Options Your current nationality is the #1 factor shaping your second passport options. Let’s break it down. The No-Go Zone: Countries that outright ban dual citizenship. Think China, India, or Saudi Arabia. If you gain a second passport here, you’ll have to surrender your original one, with no exceptions. The Gray Area: Countries with strict (but bendable) rules. Japan, Germany, and the Netherlands generally don’t allow dual citizenship, but the keyword is “generally”. However, there are loopholes. For example, if you’re born with dual nationalities, if you marry a foreign citizen, or if you secure special government approval, you might keep both, but it’s still not guaranteed. The Flexible Nations: Countries like the US, UK, Canada, and most EU states. Here, holding multiple passports is common. No need to renounce your original citizenship, and you’ll enjoy perks like visa-free global access. It’s important to know that the US taxes citizens worldwide, so weigh the pros (strong passport) against the cons (tax headaches). All in all, your starting point (nationality) decides your path. Second Passport vs. Second Residency: What’s the Difference? They might sound similar, but a second passport and a second residency are very different in terms of what they offer, how you get them, and what they cost. Let’s break them down individually so your options are easier to understand, and you can make the decision that suits you best. 1. Second Residency (Legal Permission to Live in Another Country) You might naturally gravitate towards a second residency instead of a second passport, assuming it’s easier to get and less of a hassle. Indeed, it often is easier and becomes a great alternative for those who don’t feel ready for full citizenship yet. A second residency lets you live legally in another country without becoming a citizen. You keep your original passport, renew residency periodically, and avoid the hurdles of full citizenship. But is it the right move for you? Let’s weigh the pros and cons: ProsConsMost residency programs ask for proof of income, a modest investment, or a business setup. No need to uproot your life, as many don’t even require full-time living.Residency doesn’t equal citizenship. No voting, no passport perks, no consular protection. You’re essentially a long-term guest.Compared to citizenship-by-investment (think six-figure sums), residency is far cheaper.Most residencies demand renewals every few years, and you’ll need to prove you’ve spent enough time in the country. Skip this, and your status vanishes.Some programs, like the UAE’s zero-tax residency, act as financial cheat codes for entrepreneurs. Always consult a tax professional because not all residencies offer perks.Want visa-free access? Residency won’t help. That’s a passport-only perk. If one of your primary goals is traveling with more freedom, residency won’t help.Residency in places like Portugal or Spain can fast-track citizenship after 5-10 years. It’s like a “try before you buy” phase. 2. Second Passport (Full Citizenship) Now, let’s talk about a second passport, which grants full citizenship of a country. This means you’re legally and socially recognized as part of that country and have all the rights granted to its citizens, just like those born there. Here are the good and bad of it: ProsConsYou have the same rights as someone born in that country, allowing you to live freely without visa renewals, vote, and access other citizenship perks.Unless you’re marrying a citizen or claiming ancestry, citizenship demands years of residency (5+ in countries like Spain) or a huge investment. A stronger passport acts like a golden ticket. For example, swapping a restrictive passport for one from St. Kitts & Nevis opens visa-free access to over 150 countries, including the EU and the UK.Many countries do not allow dual citizenship, including India and China. This means, if an Indian citizen wants to become a citizen of another country, they must revoke their Indian citizenship and original passport.Citizenship isn’t just for you but also a gift to your children. Pass it down, and they’ll inherit the same safety, opportunities, and backup plan you’ve secured.Some countries, like the US, tax citizens globally. Even if you live abroad, you’ll file taxes in both countries.When political chaos, economic crashes, or social unrest hits your home country, dual citizenship is your instant exit strategy. No waiting for visa approvals. Just grab your passport and go. Secure Your Second Passport with the Help of Bitizenship Going through the “maze” of bureaucracy, legal hurdles, and investment programs alone? That’s where most people get stuck. However, you don’t have to figure it out on your own. At Bitizenship, we specialize in helping crypto investors and globally-minded individuals secure Portugal’s Golden Visa, which is a powerful first step toward long-term EU residency and eventual citizenship. Here’s why you might want to choose us: Built for Bitcoin Investors: Through the Unbound Fund, you can invest in a Bitcoin-friendly, future-focused vehicle that qualifies for Portugal’s Golden Visa. Expert Legal Navigation: We partner with top lawyers to make sure your application is compliant and headed for success. Focused & Specialized: We don’t offer everything. We focus on what we know best, which is Portugal’s Golden Visa. That means no distractions, no fluff - just proven results. If you want to unlock the lifestyle, business, and travel benefits of a second passport, this is where it starts. Bitizenship helps you carve a strategic move to go beyond borders and achieve your true business and lifestyle potential. Get in touch today to invest in Portugal Golden Visa. Closing Thoughts A second passport can be a game-changer because it gives you the chance to thrive in a country that matches your values, with stronger economies, top-tier healthcare, and freedom you’ve only dreamed of. It might sound a bit too good to be true, but it’s very much attainable. And with Bitizenship, it’s a game you’re built to win.  FAQs What are the benefits of having a dual passport? Having a dual passport gives you the same perks enjoyed by citizens of a country. So, if you’re a citizen of two countries, that’s roughly double the benefits. This also translates to access to more countries visa-free, better financial and tax opportunities, a safety net during political or economic unrest, and an overall upgrade to your lifestyle. What is the best country to get a second passport? The best country to get a second passport depends on your goals and preferences. For example, if traveling is a priority, European options like Portugal or Malta are excellent. For those wanting citizenship via investment, there are options like St. Kitts & Nevis or Dominica. And, if you’re seeking long-term residency leading to citizenship, countries like Canada or Australia may be better suited. Which passport has the most benefits? Countries with the strongest passports, like Japan, Singapore, and Germany, offer the most visa-free travel options, with access to over 190 countries. That said, the benefits that matter most depend on personal needs. Some passports provide better financial privacy, tax advantages, and business opportunities, while others make traveling easier. What is the 2nd best passport? Passport rankings aren’t fixed and change based on visa-free travel, global mobility, and other perks. However, according to the Henley Passport Index 2025, the second most powerful passports in the world currently belong to Japan and South Korea, both offering visa-free access to 190 destinations.

11 MIN READ

15 Apr 2025

Cheapest Citizenship by Investment – Get a Second Passport
CitizenshipCheapest 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

09 Apr 2025

Portugal Citizenship: Your Path to European Freedom
CitizenshipPortugal Citizenship: Your Path to European Freedom Portugal brings in a lot of digital nomads and migrants due to a lower cost of living, especially in housing, along with affordable, high-quality healthcare through public and private options.  Citizens get free education and access to good public services. Finding jobs is easier, as no work permits are needed in Portugal or the EU. With its strong job market, good quality of life, and many opportunities, Portugal is a great place to live and build a future. You can get Portuguese citizenship by marriage, descent, ancestry, naturalization, or investment through the Golden Visa program.  In this article, we’ll explain the steps and requirements for getting Portuguese citizenship so you understand the process and feel confident if moving forward. How to Apply For Portuguese Citizenship You can apply for Portuguese nationality online, in person, or by mail. For online applications, a lawyer or solicitor must apply NacionalidadeOnline and authenticate themselves with their digital certificate. If applying in person, you can register: At the service desk of the Institute of Registries and Notaries at the National Center for Support for the Integration of Migrants (CNAIM) in Lisbon or Porto In the Registered Spaces of Lisbon, on Avenida Fontes Pereira de Melo, on the Justice Campus, and in Benfica In the Central Registries of Lisbon At a Nationality Counter At the Citizen's Shop in Odivelas In the Civil Registry Offices At the Portuguese Consulate in the area of ​​residence You can also apply by mail. Complete the form based on your situation and send it to the Central Registry Office at Rua Rodrigo da Fonseca, 202, 1099-033 Lisbon. 1. Portuguese Citizenship Through Marriage Eligibility  If you are married to or in a relationship with a Portuguese citizen for over three years, you can apply for Portuguese nationality.  Depending on your situation, you may need to provide documents proving your connection to the Portuguese community. To be eligible for Portuguese citizenship, you must not have been sentenced to imprisonment for a crime punishable in Portugal, hold public office in another country, have performed non-compulsory military service in another country, or have been involved in terrorism-related activities. Application process When applying, you’ll need to present several documents. If you are married, provide the marriage certificate. If in a relationship, you’ll need a court certificate confirming you’ve lived together for over three years, as well as a recent statement from the Portuguese citizen confirming the relationship. Additionally, you will need to submit a declaration for the acquisition of Portuguese nationality, a legalized birth certificate (including a certified translation if not in Portuguese), and the irth certificate of your Portuguese spouse or partner (if applicable). Important notes For those applying, an effective connection to the Portuguese community may be recognized automatically if you meet specific criteria, like being married for at least six years or if you have legal residence in Portugal for at least five years. Remember, if you get divorced, your citizenship status may change depending on how long you've been married. Also, check if your home country allows dual citizenship before applying. 2. Residency-by-Investment Program Eligibility Portugal offers a path to residency (citizenship after 5 years) for foreign investors through its Golden Visa program.  This allows non-EU nationals to gain residency by making a qualifying investment, eventually leading to citizenship after five years. The Golden Visa is a popular choice because it requires minimal time in Portugal—only about seven days per year, and you can apply online. After five years of maintaining residency and meeting basic requirements, investors can apply for Portuguese citizenship. They must pass a basic Portuguese language test or complete online classes to show integration into the country. Application process Applicants must invest in approved areas. Options include: Venture capital: Investing at least €500,000 in qualifying venture capital funds (with no real estate investments or ties) Job opportunities: Creating at least 10 jobs Research activities: Investing equal to or more than €500,000 in research activities conducted by public or private scientific research institutions Culture: Capital transfers of €250,000 or more in supporting artistic production, recovery, or maintenance of national cultural heritage Commercial: Investing €500,000 or more for forming a commercial company based in the national territory with the creation of five permanent jobs Important notes The Golden Visa remains one of the easiest ways for investors to obtain EU citizenship without relocating full-time.  It offers visa-free access to the Schengen Zone, the ability to include family members in the application, and the long-term benefits of Portuguese citizenship. Portugal offers a targeted tax exemption regime with specific eligibility criteria, called IFICI. Looking for a fund to invest in? The Unbound Fund meets the eligibility criteria for Golden Visa investors and invests in the Web3 sector. How Bitizenship Can Help You Get Portuguese Citizenship Through the Golden Visa Program We at Bitizenship can assist you in navigating the process and make obtaining Portuguese citizenship easier. Bitizenship helps you understand the specific requirements of the Golden Visa program and ensures you meet them, increasing your chances of success.  We offer expert advice and guidance on each step of the application process, making it clear what you need to do. 1. We take administrative tasks off your plate We are a pioneering advisory firm specializing in residencies and citizenship by investment programs. Our main goal is to assist clients on administrative issues regarding the Golden Visa program & the Unbound Fund.  The application process for the Portugal Golden Visa can be complex, but Bitizenship simplifies it.  Why us? We possess extensive knowledge of residency and citizenship programs with an exclusive focus on Portugal and offer personalized solutions based on your needs.  We managed more than 100 golden visas. 3. Portuguese Citizenship Through Descent Eligibility  If you have Portuguese ancestry, you can apply for Portuguese citizenship through descent. This means you can become a citizen if your parents, grandparents, or even great-grandparents were Portuguese, even if you were born outside of Portugal. Application process To apply for citizenship through descent, you need to prove that one of your ancestors (parents, grandparents, or great-grandparents) was Portuguese. You’ll need official documents, such as your birth certificate. If the certificate is foreign, legalization must be done through an apostille or visa from the Portuguese consulate. If the certificate is not in Portuguese, you must also bring the certificate translated into Portuguese and certified.  Important notes A declaration for the acquisition of Portuguese nationality must also be signed before submission. Adults must sign it in person at the Registry office or, if applying by mail, before an authorized official. Minors need their legal representatives, usually their parents, to sign. If the parents cannot sign in person, they can appoint a proxy. 4. Portuguese Citizenship Through Ancestry Eligibility Many people around the world have ancestral ties to Portugal, and some may qualify for Portuguese citizenship even if their parents or grandparents were not Portuguese. Citizenship through ancestry is based on historical or cultural connections rather than direct descent. It applies to people with Sephardic Jewish heritage, colonial ties, or other historical links to Portugal. While citizenship by descent is usually a straightforward process with clear documentation requirements, citizenship by ancestry often requires more in-depth genealogical research and historical proof. Portugal offers citizenship to descendants of Sephardic Jews who were expelled in the 15th and 16th centuries. To qualify, applicants must prove Sephardic ancestry through family records, surnames, or certificates from Jewish communities. Application process In the past, proof of ancestry was enough, but recent changes require applicants to show a connection to Portugal, such as owning property, visiting regularly, or speaking Portuguese. While these new rules make the process stricter, those with strong historical ties can still apply. Applying for citizenship through ancestry requires gathering birth certificates, family records, and other proof of Portuguese heritage.  You’ll need a written request in Portuguese stating a description of the facts that make you belong to a Sephardic community of Portuguese origin, for example, your family's surnames, the language spoken by the family, a relative who was a member of the Sephardic community of Portuguese origin, etc. Important notes Portugal’s colonial history means that people from former territories may be eligible for citizenship. This includes those with ancestors from Goa, Daman, and Diu in India, Macau in China, and parts of Africa, such as Angola and Mozambique. People born in these territories before Portuguese rule ended may qualify, along with their descendants in some cases. Proof of birth and family history linking them to Portugal is required, and additional evidence of connection may sometimes be needed. Some individuals may qualify for Portuguese citizenship due to specific historical events.  This includes descendants of Portuguese nationals who lost their citizenship because of political changes, colonial independence, or old nationality laws. Applications are processed by the Portuguese authorities and can take time, sometimes months or even years.  Since citizenship through ancestry is more complex than applying through descent, careful research and strong documentation are most important. 5. Portuguese Citizenship Through Naturalization Eligibility To qualify for Portuguese citizenship by naturalization, you need to have lived in Portugal for at least five years legally. This includes time spent as a legal resident, student, or worker. Then, you must show basic knowledge of the Portuguese language (A2 level).  Lastly, you must have no criminal record and be well-integrated into Portuguese society. Application process To apply for Portuguese nationality, you must submit a written request to the Minister of Justice in Portuguese. This request should include:  Your full name Date of birth, gender Marital status Nationality Parents' names Profession Address Details of where you have lived after the age of 16 A legal representative or attorney’s name and address  Residence permit Passport or other identification document The request must be signed in person at a Registry office. If applying by mail, the signature must be verified by an authorized official and sent to a Nationality Counter or the Central Registry Office in Lisbon. Important notes Applicants must show proof of Portuguese language skills, such as a certificate from a Portuguese school, a language test result, or a Portuguese as a Foreign Language certificate. If you are from a Portuguese-speaking country, you do not need to provide proof. If you cannot read or write, the language test will be adapted. A criminal record certificate is also required from your birth country, nationality, and any place you have lived since age 16. If the document is not in Portuguese, it must be translated and certified. Conclusion Portuguese citizenship offers great benefits, including the freedom to live, work, and travel across the EU. Whether through marriage, descent, ancestry, naturalization, or investment, each path provides access to a high quality of life in Portugal. Bitizenship simplifies the process of obtaining Portuguese citizenship through the Golden Visa program.  We help you with administrative tasks related to the Unbound Fund (a closed-end private equity fund in Portugal), which is one of the best options for Golden visa investors. FAQs How can I get citizenship in Portugal? You can get Portuguese citizenship through marriage, by descent, by having Portuguese ancestors, by living in Portugal for five years, or through the Golden Visa program. How many years does it take to get citizenship in Portugal? It takes five years of legal residency to apply for citizenship. If you're married to a Portuguese citizen, you can apply after three years of marriage and living together in Portugal. Is it easy to get PR in Portugal? Getting permanent residency in Portugal is not too difficult if you’ve lived there legally for five years and meet basic requirements like language skills and good behavior. Does Portugal allow dual citizenship? Yes, Portugal allows dual citizenship. You can keep your original nationality while becoming a Portuguese citizen.

10 MIN READ

03 Apr 2025

Citizenship by Investment Programs at a Glance: Portugal vs. the Caribbean
CitizenshipCitizenship by Investment Programs at a Glance: Portugal vs. the Caribbean Borders have blurred, and citizenship has become a strategic asset. In 2024, citizenship by investment programs have changed how wealthy people protect themselves and their families. The old ways of moving to a new country - waiting years for visas and permits - don't work for today's investors. They need speed, flexibility, and value. And many countries recognize this demand. Portugal stands out (Read also: European Citizenship by Investment: Why Invest in Portugal?). While Malta and Caribbean countries offer quick direct citizenship by investment, Portugal's golden visa program and residency give investors something different: A clear path to European citizenship, low investment requirements, and minimal time commitments. The Portugal golden visa is not a typical investment program. In this guide, we'll showcase how Portugal is instead a bridge to the world's most powerful passport and the entire European Union.  The Current State of Caribbean Citizenship by Investment In 1984, St. Kitts and Nevis created the first citizenship by investment program. Their simple idea caught on fast: Come invest money and stimulate our economy. In exchange for your investment in our country, we'll grant you citizenship. Today, five Caribbean countries offer these programs, each trying to win over global investors. Here's what at least $200,000 buys you in the Caribbean: St. Kitts and Nevis Citizenship by Investment Program One of the most popular citizenship by investment programs in the world is in St. Kitts and Nevis. The strongest travel document of all five Caribbean citizenship by investment jurisdictions, their passport allows citizens visa free access to roughly 157 countries. The key decision for investors is choosing between three minimum investment routes: A) the national development fund Sustainable Island State Contribution at $250,000, B) the Public Benefit Option at $250,000, or C) a real estate investment starting at $325,000. St. Kitts and Nevis offers the most extensive visa-free travel network, proven program stability, and no physical presence requirements either before or after citizenship. Their real estate option requires a seven-year holding period, but this longer commitment comes with potential returns on investment. And for families, additional dependents can be added for $25,000 per person under 18 and $50,000 for those over 18. Antigua and Barbuda Citizenship by Investment Program The second most popular citizenship by investment program in the Caribbean is in Antigua and Barbuda. Their program provides four minimum investment options: a $230,000 National Transformation Fund contribution, a $260,000 University Fund option that includes one year of tuition-free education, a real estate investment at $300,000, or an option to invest in an eligible business project in Antigua and Barbuda. They give successful applicants a passport with visa free travel to 151 countries. Investors must spend five days there in the five years after their application for citizenship is approved. Dominica Citizenship by Investment Program Dominica offers one of the more affordable routes to direct citizenship by investment in the region. Dominica provides visa-free travel to 140 countries and maintains strict due diligence standards, just as the other programs. You can obtain citizenship in Dominica through two clear routes: a non-refundable $200,000 Economic Diversification Fund contribution or real estate investment of $200,000 in a government approved property. Their real estate option requires a five-year holding period, but this comes with potential returns through rental income or property appreciation. Plus, Dominican citizens enjoy zero tax on worldwide income, and the program requires no physical residency requirements. Their passport opens doors to 145 countries. Grenada Citizenship by Investment Program A unique citizenship by investment opportunity that offers E2 visa eligibility to the United States, citizenship in Grenada requires a minimum investment of $235,000. Citizenship in Grenada includes two investment options: a $235,000 National Transformation Fund contribution or real estate investment starting at $270,000. For global investors and entrepreneurs seeking US market access, the E-2 visa treaty provides a unique advantage unavailable through other Caribbean programs. Similar to the aforementioned jurisdictions, Grenada citizenship by investment includes visa-free travel to 140 countries. St. Lucia Citizenship by Investment Program Rounding out the five Caribbean citizenship by investment options, St. Lucia offers citizenship for investments starting at $240,000. Their program provides two distinct citizenship investment paths: a $240,000 National Economic Fund contribution and a $300,000 government bond option (which is unique among Caribbean programs), including a 100% redemption after five years. Despite their longer processing times relative to neighboring jurisdictions, citizenship in St. Lucia includes visa-free travel to 140 countries and zero tax on worldwide income. Limits of Caribbean Citizenship by Investment Programs But Caribbean citizenship programs have limits. These passports don't give you: Access to the United States or Canada without visas The right to live and work in major economies or other countries Strong financial centers for your international bank accounts Top-tier healthcare and education Geopolitical weight in global affairs Plus, several countries and organizations view these programs with suspicion. The European Union, the United States, and other regional powers have put checks on Caribbean passport holders in recent years, leading the five Caribbean citizenship by investment units to implement a Memorandum of Understanding and standardize processes and due diligence in 2024. The investment requirements are more lenient here than in other countries' residency and citizenship by investment programs. And, direct investment through Caribbean programs is faster than traditional immigration processes. But forward-thinking foreign investors are increasingly looking beyond the price tag. They ask: What real value does this citizenship give me and my future generations? This question and its answers has pushed investors to look at alternative citizenship and residency programs, especially golden visas in European countries like Portugal, Italy, Greece, and Hungary. European Residency and Citizenship by Investment Apart from the Caribbean, Europe leads in citizenship and residency by investment programs. But unlike the Caribbean programs' standardized requirements, each European jurisdiction sets its own rules, costs, and benefits. Malta Citizenship by Investment Program Malta runs Europe's most expensive citizenship program. The direct citizenship by investment requires at least a €600,000 donation to the government (€700,000 if choosing a 12-month residency period vs. the 36-month standard option) and a €700,000 in direct investment in Maltese property or a €16,000 annual lease. Plus, each dependent on the application costs an additional €50,000. If all investment requisites are complete, Malta citizenship gives you full European Union rights to live, work, and study in all EU countries. Malta Permanent Residence Program Malta also offers a residency by investment program similar to Portugal's. After proving the required assets under control (€500,000 to be maintained throughout the first five years), investors must contribute €80,000 to the government of Malta and buy a property worth at least €375,000, or they can donate €110,000 to Malta and rent a property in Malta for five years with an annual lease of at least €14,000. In addition, each dependent on the application costs €10,000. And investors must donate €2,000 to an approved charity in Malta. Türkiye Citizenship by Investment Program Türkiye offers a faster path to citizenship than Malta. Investors must purchase $500,000 worth of local real estate or keep $500,000 in Turkish banks for three years. However, the latter bank deposit option is now exposes investors to sometimes extreme currency volatility. Investors in the Turkish citizenship by investment program can obtain citizenship in 3-4 months. Moreover, their program attracts international investors because of: No language test No residency rules No dual citizenship prohibitions Fast processing time Lower investment requirements than EU options However, Türkiye isn't in the EU. Though their passport allows investors visa free access to 110 countries (far fewer than Malta's 186 countries), it does not allow for residency, labor, or education rights in the European Union like Malta's does. Citizenship by Investment vs. Residency by Investment Programs As citizenship by investment programs undergo more scrutiny from world governments and organizations, residency by investment may be a safer bet in the long-term. Why? Investors must dedicate some time to actually living in the country before naturalizing as a citizen of the country. Most citizenship by investment programs do not require any physical presence of their investors and therefore, leave room for scrutiny. Although residency by investment programs require a longer time horizon, they are more affordable for investors and create actual ties to the country via naturalization. Here's how the world's most popular residency by investment program works: Portugal's Golden Visa Residency Program Portugal's golden visa program requires €500,000 in investment in local business establishments or investment funds. After 5 years of minimal physical presence requirements (7 days a year on average in Portugal) and a basic A2-level Portuguese language test, you can apply for permanent residency or even citizenship. (You might also be interested in: 8 Reasons to Invest in Portugal) Successful applicants of the residency program obtain: Residency rights in Portugal Path to EU citizenship Visa-free travel in Europe In comparison to other golden visa residency programs in Europe, Portugal's investment options and requirements stand out. (Read also: Why Portugal is the Obvious Choice Among European Golden Visas) Greece's residence permit requires €250,000 in real estate conversion or renovation or in local startups. But foreign nationals must live there 6 months each year and learn fluent Greek to qualify for citizenship after 7 years. Italy's investment visa starts at €250,000 for local innovative startups, €500,000 for companies, or €2 million in government bonds. But investors must reside in the country for more than 6 months a year for 10 years to apply for citizenship. Hungary recently re-introduced their golden visa residency program. Residency in Hungary requires a €250,000 investment in real estate investment funds or a €1 million donation to Hungarian higher education institutions. The path to citizenship is unclear. Most foreign investors choose the residency-to-citizenship route through Portugal. Why? Lower investment requirements than Malta Faster citizenship than Greece or Italy Easier language rules Minimal physical presence required Clear process to EU citizenship after 5 years of maintaining the visa Plus, Portugal's program has several investment options through funds and business options. This flexibility lets investors match their immigration goals with their investment strategy. How to Obtain Portugal's Golden Visa Investment Paths Since the program was introduced in 2012, Portugal has changed its qualification rules. Here are the current qualifying investments for the Portugal golden visa: €500,000 Investment in Regulated Funds: Investment funds focused on Portuguese companies Potential indirect exposure to digital assets and cryptocurrency Venture capital or private equity funds €500,000 Business Investment: Start or join a Portuguese company Create at least 10 permanent jobs €500,000 Donation to Scientific Institutions or Projects €250,000 Arts and Culture Donation: Donate to preserve national heritage Support arts programs Fund cultural projects Each investment route has different risks and rewards. Investment funds give you professional management and a clear exit after 5 years. Business investments let you control your money but may require more documentation and actual involvement in the business, especially with the job creation requisite. The lower price point donations do not offer any potential return on investment. Meanwhile, investment funds stand out as the most popular choice. Why? Professional fund managers handle investments Regulated by Portuguese authorities Clear investment strategy Regular reporting Exit options after year 5 Simple to maintain for visa renewal This optionality makes Portugal's golden visa program unique. Other countries may force you into real estate. Portugal lets you invest your way – into the asset class that best fits with your strategy. Path to European Citizenship The most desired feature of the Portugal golden visa is the ongoing requirements and flexibility they offer. Investors must only spend 7 days a year in Portugal to get EU citizenship. No other European country makes it this easy. (Read also: This is the Ultimate Passport Portfolio You Didn’t Know You Needed) Here's the step-by-step path to Portuguese citizenship: Year 1: Countdown to citizenship starts at application submission Make your qualifying investment Get your temporary residence permit Spend 7 days in Portugal Your temporary residence permit lets you settle in Portugal, explore 31 European countries freely, and access the EU's world-class healthcare system. While residency in Portugal does not require relocation, many families use this time to enroll their children in top European schools. You can also start building your European financial base by opening EU bank accounts and establishing businesses across the continent. Year 2-3: Keep your investment active Maintain valid visa Start learning basic Portuguese Spend 14 days in Portugal (over 2 years) Year 4-5: Keep your investment active Maintain valid visa Spend 14 days in Portugal (over 2 years) Reach A2 Portuguese language level Then, after investors complete five years of residency and all other requirements, they can submit their permanent residence or citizenship application. After you receive Portuguese citizenship, your opportunities expand dramatically. Investors gain the right to live, work, and study in any of the 27 EU countries. Your children can live in Paris, go to university in Greece, or start a company in Sweden – all while keeping your original Portuguese citizenship. The EU rights you gain last forever and pass down to future generations. Look at the alternatives: Caribbean passports offer quick processing but zero EU access. Malta's program costs three times more for the same EU rights. Greece demands you live there six months every year for seven years to qualify for citizenship. Portugal's program checks many proverbial boxes: Reasonable investment, minimal time requirements, and a clear route to full EU citizenship rights and one of the world's strongest passports. Conclusion Caribbean citizenship programs offer quick passports but limited value. Malta costs significantly more than alternatives. Türkiye sits outside the EU. Greece and Italy demand too much time in-country to reasonably qualify for citizenship. This is why Portugal's golden visa stands alone: Lowest physical presence rules in Europe, flexible investment options, and a clear path to EU citizenship and residency rights across the region. If you're interested in applying for the golden visa or learning more about how it fits in your portfolio, contact our team for a personal consultation about your Portuguese golden visa application.

12 MIN READ

07 Mar 2025

European Citizenship by Investment: Why Invest in Portugal?
CitizenshipEuropean Citizenship by Investment: Why Invest in Portugal? The European citizenship by investment landscape is full of options from Portugal and Malta to Greece and Italy. Millions of investors recognize the value of EU citizenship as crucial in a diversified investment portfolio. Citizenship in the European Union can unlock visa-free travel to 180 countries and territories around the world and provide significant benefits to the modern, high-net-worth investor and entrepreneur. But among EU countries offering residency and citizenship by investment opportunities, Portugal stands apart (Read also: Why Portugal is the Obvious Choice Among European Golden Visa) Through investment programs like Bitizenship's Golden Visa-eligible Web3 companies fund, investors can obtain residency in Portugal and obtain EU citizenship in just five years. Below, we will articulate 3 reasons why wealthy individuals are flocking to Portugal and choosing to invest in the residency by investment scheme over its alternatives (You might also be interested in: Portugal, your window to Europe) 3. European Union Citizenship and Access through a Single Investment The European Union offers one of the world's most attractive citizenship benefits packages. While most EU passports offer visa-free access to over 180 countries, obtaining citizenship in any European Union country will also provide full residency, labor, and education rights across all 27 member states. As an EU member state, Portugal and its Golden Visa program offer similar benefits. Through Bitizenship's regulated fund structure, investors can secure these privileges for themselves and their family members with a single €500,000 investment and flexible physical presence requirements. Rights and Privileges of EU Citizenship After five years of maintaining Golden Visa status and obtaining citizenship in Portugal (an EU country), international investors unlock an EU citizen's privileges. From Mediterranean coastal cities to Nordic technology hubs, EU citizens have unrestricted residency rights throughout the European Union. Additionally, EU citizens can study at higher educational institutions, access healthcare, and travel visa-free throughout other EU countries. The program's benefits extend far beyond basic travel rights. Golden Visa holders who convert their residency to EU citizenship gain full access to the EU labor market, enabling them to pursue business opportunities, investment options, and employment across all member states. This flexibility is particularly valuable for entrepreneurs and professionals seeking to expand their business or investment portfolio in Europe (Read also: This is the Ultimate Passport You Didn't Know You Needed). Healthcare integration represents another crucial advantage. Even as residence permit holders, Golden Visa investors can access some of Europe's world-renowned medical systems and top-tier care in Portugal. Unlike traditional residency or citizenship by investment programs that limit mobility, lifestyle, and investment options to a single country, Portugal's residency program opens doors to each of the 27 EU countries. What Makes Portugal's Golden Visa Attractive? Perhaps most important to global investors and entrepreneurs, Portugal's residency program requires minimal physical presence – just seven days in the first year and fourteen days in the subsequent two-year periods before citizenship eligibility. This flexibility allows investors to maintain their current lifestyle and still qualify for EU citizenship without relocating their family. In summary, these are just some of the privileges EU citizenship provides: Complete freedom of movement and residency across 27 EU member states Full EU labor market participation rights in Investment and banking privileges Integrated healthcare systems World-class educational institutions Unrestricted Schengen Area travel Through Bitizenship's Web3 companies fund, investors can secure these EU benefits while maintaining exposure to innovative, high-growth technology companies. Portugal's residency program and Golden Visa combines traditional residency and citizenship benefits with forward-thinking investment strategy. That's why Portugal rivals citizenship by investment programs as a critical investment tool for high-net-worth individuals. Comparing Other EU Citizenship and Residence by Investment Programs When comparing other European Union citizenship by investment programs and residence permits, Portugal's Golden Visa program stands apart because of its flexibility. Malta's citizenship program requires a minimum investment of €690,000 plus mandatory property purchase (or five-year lease). Despite Malta's citizenship program being the quickest to dual citizenship, its investment thresholds hold back many potential investors. If investors of Spain's now-defunct Golden Visa program desired Spanish citizenship, they would have had tax obligations as 183 days of annual presence were required to qualify in ten years. Greece demands €250,000 in real estate. However, investors must live in Greece for at least six months, speak with language proficiency, and create strong societal ties to qualify for Greek citizenship. Portugal, on the other hand, offers the fastest path of residency programs to obtain EU citizenship, a clear €500,000 investment threshold, minimal presence requirements, and few other criteria for EU citizenship qualification. Maltese Passport and Direct Citizenship by Investment: Minimum investment: €600,000-€750,000 government donation (to be used for Malta's economic development) and real estate investment worth €700,000 or annual lease of €16,000 (held for five years) Processing time: 12-36 months depending on investment route Additional costs: Charity donation of €10,000 and dependent costs Malta Golden Visa and Residence Permit: Investment requirements: €80,000 donation and €300,000 real estate purchase or annual lease of €14,000 (held for five years) Path to citizenship: Rare naturalization Processing time: 6-8 months Additional costs: Charity donation of €2,000 and dependent costs Greece Golden Visa and Residence Permit: Real estate investment: €250,000 in a commercial-to-residential conversion or a refurbished property or €400,000 in 120 m2 property investment in lesser-populated areas (€800,000 in purchased real estate in Attica, Thessaloniki, Mykonos, Santorini, and islands with a population of 3,100+) Path to citizenship: Rare naturalization (language proficiency and substantial presence required for 7+ years) Processing time: 6-12 months Additional costs: Dependent costs Italian Golden Visa and Residence Permit: Minimum investment: €2 million in Italian government bonds, €500,000 in Italian shares (or €250,000 in innovative start-ups, or €1 million in Italian projects of social benefit Path to citizenship: 180+ days of physical presence required for 10 years Processing time: 6-8 months Portugal's Residence Permit and Golden Visa: Investment required: €500,000 in Portuguese private equity and venture capital investment funds (e.g. Bitizenship's Web3 companies fund); €500,000 in scientific project donations; €500,000 in a local Portuguese company and job creation; or €250,000 in non-refundable financial contribution to cultural heritage preservation Passport strength: Visa-free travel to 177 countries Path to citizenship: 7+ days of physical presence required per year for 5 years Processing time: 12 months As obtaining EU citizenship and a European passport becomes more difficult, Portugal's residency program stands out from other EU countries for its flexibility, minimal requirements, and fast-track to dual citizenship (Read also: Dual Citizens Like Elon Musk and Peter Thiel Rule World: Why and How to get Dual Citizenship). Bitizenship's Unique Value Proposition Unlike alternative citizenship by investment programs (e.g. Malta citizenship) that require direct property investment or government bonds, Portugal's approach aligns long-term mobility benefits with forward-thinking investment strategy. Providing exposure to the Bitcoin ecosystem, Bitizenship's Web3 companies fund satisfies Portugal's capital transfer via fund investment requirements. Managed by Green One Capital with professional oversight of investments, the fund complies with all Golden Visa criteria. The regulated fund offers professional fund management, clear exit strategy after the five-year holding period, and institutional-grade custody solutions. For global investors seeking EU citizenship by investment, Portugal's residency program and Golden Visa combines the lowest presence requirements with innovative investment opportunities. These features of Bitizenship's fund position it as the optimal route to citizenship by investment in an EU country. 2. Geographical and Geopolitical Advantages of Portuguese Residency Portugal's position as a stable EU member state far from conflict zones makes it ideal for high-net-worth individuals concerned about their and their family's future. As the 4th most peaceful EU country and the world's 7th most peaceful country overall according to the 2024 Global Peace Index, Portugal maintains neutrality and a safe environment for families who've chosen it as their home. Distance, Neutrality, and Balance Unlike many EU countries that face direct geopolitical pressures, Portugal's location on Europe's western edge provides insulation from ongoing and future conflicts. As a member of both NATO and the European Union, investors in a golden passport have the security of Western alliances without the heightened risk profile of Eastern European or Balkan nations. Portugal's diplomatic strategy mirrors its geography: Balance. The EU country has created relationships with emerging powers and numerous countries worldwide. Particularly evident in Portugal's constructive engagement with BRICS nations and its membership in NATO, this dynamic creates a stable, balanced environment for international investors seeking European citizenship. The world is increasingly multipolar. For citizenship by investment seekers, investment programs in balanced, pragmatic countries are attractive. And despite their membership in several global organizations, Portugal maintains a relatively neutral attitude toward global geopolitical affairs and conflicts. Political and Financial Stability The country's economy is strong. While many countries offer residency or citizenship by investment programs to offset government hurdles, Portugal's economic stability within the European Union creates a secure foundation for residency by investment. Inflation rates are below European Union benchmarks. And being the only country that has a GDP growth rate above 1.9% (outpacing most EU countries), the country offers a reliable economy for long-term investment planning. Foreign investors benefit from protection. The Golden Visa program operates within established Portuguese and EU law, ensuring investment security through: EU-level oversight of financial institutions Transparent investment regulations Banking sector stability Through Bitizenship's regulated fund structure, investors receive additional protection like professional management of funds, institutional-grade custody, and regular reporting requirements. This security framework positions Portugal's ten-year old residency program as one of the most stable routes and citizenship investment options globally. For investors seeking European citizenship through economic contribution programs, Portugal's combination of political stability, legal protection, and economic growth provides an unmatched foundation for long-term wealth preservation and global mobility. For high-net-worth individuals who desire more visa-free travel, a second citizenship, and residency rights that only EU citizens can obtain, European citizenship is the ideal investment option. And among European citizenship by investment routes, Portugal's citizenship program is the most flexible and stable. 1. Ultimate Plan B Security for Generational Wealth As high-net-worth individuals have known for a century, a well-diversified portfolio is key to wealth preservation. In the same sense, contemporary investors and entrepreneurs have found that a second citizenship provides opportunities that they would not have otherwise: More residency options More tax optimization options More mobility and travel access More investment and banking privileges More education opportunities for their children A Portuguese passport has emerged as one of the world's most powerful travel documents, offering visa-free access to over 180 countries and territories, and Plan Bs for these investors. As such, this makes EU citizenship in Portugal an essential component of any second citizenship strategy. The Strong Portuguese Passport Beyond visa-free travel access, an EU passport holder has critical advantages. As a member state of the EU, citizenship in Portugal offers diplomatic protection across the globe, ensuring assistance through Portugal's and the European Union's extensive consular network. Although an investor does not hope this protection becomes necessary, it is increasingly valuable as tensions rise and geopolitical alliances shift. An EU passport holder also has benefits in the European Union, of course. To start, the banking and investment opportunities are significant in a world of increasing financial and regulatory restrictions. For those investing from outside the EU, Portuguese citizenship opens doors to EU financial institutions, banking services, and investment projects across the region. For those seeking ultimate Plan B security, Portuguese EU citizenship represents a strategic asset that provides generational protection for your family's wealth, mobility, and personal freedom. Family Member Inclusion Portugal's Golden Visa stands out for its family inclusion benefits. Portugal's program allows investors to include in their application family members like dependent children, spouses, and dependent parents for low additional fees. Portuguese Permanent Residency and Citizenship By citizenship by investment industry standards, the path to permanent residency and citizenship is remarkably straightforward. To qualify for either route, Golden Visa holders need only spend seven days in Portugal during the first year and fourteen days in each subsequent two-year period and maintain their original investment. After five years, investors can apply for permanent residency or proceed directly to EU citizenship after passing a basic Portuguese language test. This flexible presence requirement distinguishes Portugal's program from other EU citizenship options. While Malta's economic citizenship program does not demand any physical presence after obtaining the EU citizenship, Greece requires at least six months of annual residence for seven or more years to qualify for Greek citizenship. Therefore, Portugal allows investors to obtain European citizenship with minimal disruption to their current lifestyle and business commitments. Permanent residency vs. citizenship Permanent residency allows an individual and their family to live, work, and study in Portugal just as EU citizenship does. They also can access public services and social security as Portuguese citizens can. However, they do not have other privileges reserved for Portuguese citizenship, including the right to vote in Portugal and EU-wide residency, education, healthcare, and labor rights. Through Bitizenship's Web3 companies fund, investors can secure these lifelong benefits while maintaining exposure to Bitcoin-focused innovation (You might also be interested in: Why Every Bitcoiner Should Invest in Alternative Citizenship). Our regulated fund structure satisfies all Golden Visa requirements while positioning families for long-term participation in the digital economy. For investors and families seeking a second citizenship, Portuguese citizenship through investment offers unmatched benefits, which few countries can tout. From the program's flexibility to its path to obtaining citizenship, EU citizenship and an effective Plan B creates the opportunity for a lasting legacy. Portugal: The Ultimate Diversification Investment Program Portugal's residency and Golden Visa program and second citizenship offers benefits that make it an important element of any investment portfolio. The program's clear path to EU citizenship, combined with flexible and minimal presence requirements, creates a powerful asset for generations to come. To learn more about securing your family's future through Portuguese residency permit then citizenship, visit Bitizenship.com to explore our Web3 companies fund structure and Golden Visa qualification process.

12 MIN READ

20 Feb 2025

This is the Ultimate Passport Portfolio You Didn’t Know You Needed
CitizenshipThis is the Ultimate Passport Portfolio You Didn’t Know You Needed Having one passport isn't enough anymore. With a single citizenship, you're tied to the whim of a single government. Billionaire and former Google CEO Eric Schmidt gets it. He's been vocal about the importance of having multiple citizenships in today's world, so he got Cypriot citizenship by investment before the program ended a few years ago. But here's what most people miss: It's not just about having a second passport. It's about building the right passport portfolio that achieves your goals and covers all your bases. If you're a high net worth individual, you need a strategic approach to global mobility. We've helped countless wealthy individuals secure citizenship across different countries, and I'm going to show you exactly what the ultimate passport portfolio looks like in 2025. But First, Why Is a Passport Portfolio Important? The world isn't getting any more stable: Government crackdowns on cryptocurrency and free speech are increasing. Political uncertainty and division is ripping apart our social fabric. Information sharing between countries is at an all-time high. Wealth and exit tax targeting wealthy individuals are normalized. Here's what's really happening: Governments are tightening their grip. And the days of easy global mobility are ending. But a well-structured passport portfolio might just be the solution. But what is a passport portfolio? Well, picture it like this: The reason so many business leaders care about the political, financial, and economic climate in their country is because their whole life is tied to that country. They work there. They earn there. They are educated there. They bank there. They invest there. Their whole past, present, and future are tied to the success of that nation on the global stage. But if a wealthy individual obtains a second passport, their options suddenly explode: They can live, study, work, bank, invest, and access healthcare in two nations and any regional unions (example: the European Union) those two countries are members of. Millionaire migration is at an all-time high. It's no wonder why when the benefits are so great: Dual citizenship opens the door to investment opportunities in developed and emerging markets while giving you the freedom to work, live, bank, and study anywhere. And wealthy people don't just seek out a second passport. They want to build comprehensive citizenship strategies. And they're right to do so. So, a well-structured passport portfolio should, in theory, give you unfettered access to: Global entrepreneurial opportunities Tax optimization options Safe havens for your family Visa-free access to all the countries you wish Investment opportunities in emerging markets The ability to work and live in new countries Protection against political uncertainty Educational opportunities for your children Healthcare access across many countries Now, let's break it down. What are the components of a powerful passport portfolio? The Four Pillars of the Perfect Passport Portfolio 1. EU Base A passport portfolio should be designed to maximize your options to travel visa-free, live, work, study, bank, invest, and get quality healthcare. Citizenship in the EU does not just give you that access in the country of your citizenship. You get those rights in all members of the EU. So, in summary, citizenship in an EU country means near-full citizenship rights in 27 countries. That optionality is powerful and why we include EU citizenship as a main pillar in the perfect passport portfolio. But of 27 EU member states, which citizenship should you get and how can you get it? Portugal offers a route no other country can match. Through the Portuguese golden visa and Bitizenship, you can invest in companies in the Web3 space while obtaining residency in the Iberian country. Then, after just five years of maintaining your investment and visa (i.e. visiting the country for seven days a year), you qualify for citizenship and the Portugal passport with visa-free access to more than 180 countries around the world. Here's how to do it: Invest €500,000 in the Bitizenship fund (or lesser amounts if you prefer a donation route) Include your entire family in the residency application Meet minimal physical presence requirements (just seven days per year) Apply to citizenship in five years Key Factors That Separate the Portugal Golden Visa from Alternatives What sets Portugal apart is its remarkable stability within the European Union. As one of Europe's safest countries, it offers world-class healthcare, strong visa-free travel, one of the world's highest qualities of life, progressive crypto regulations and tax policies, and a tech-friendly ecosystem. Plus, the Mediterranean climate, widespread English usage, and outstanding education system make for an easy transition for global citizens. 2. North American/Latin American Anchor If you don't already have some allocation in the Americas depending on your home country, it's time to diversify there. With more millionaires and a larger economy than anywhere else – no matter the trend of the West –, North America commands most of the world's financial and economic attention. But as one of the fastest growing regions of the world, Latin America could be the icing on the cake (or extra passport in passport portfolios). But these are two large, diverse regions, so let's break them down. North American Passports While a US passport means you're liable for citizenship-based taxation, Canadian and Mexican citizenship do not. Plus, they offer almost as much visa-free access around the world as the American passport does. So while you can invest and bank in the United States, you do not necessarily need a US passport, which would open you up to taxes for the rest of your life, especially if you're a high-net-worth individual. While many wealthy Americans seek a Plan B and options abroad, having an additional passport in North or South America could be beneficial. The trick is choosing the right program based on various country factors like: Processing times Minimum investment requirements Necessary physical presence Tax implications Business environment Economic and political stability Banking infrastructure Mexico offers easy residency qualifications via real estate purchase or proof of economic solvency and a path to citizenship in just five years. An investor and his partners can open a business in Canada and get Canadian passports in even less than five years. Central and South America Passports South America is one of the most friendly regions for fast paths to citizenship and tax regulation. Uruguay, Chile, and Paraguay all have advantageous tax schema and relatively quick residency programs and citizenship options. https://twitter.com/0x_ale/status/1844409391589753271 As I covered in the X thread above, Uruguay offers new residents an attractive tax scheme, where they can choose a 0% tax on foreign income for 11 years or a flat tax of 7% on global income for life. Known as the "Switzerland of South America," Uruguay is famous for its stability, low crime rates, and strong banking privacy. Plus, new residents can pad their passport portfolios by acquiring citizenship in just 3-5 years. Chile and Panama are similar in the relative size and strength of their economies and business environments. Both offer various investment programs and strong passports, which are notoriously difficult to obtain for foreigners. Depending on your risk profile and investment outlook, other countries in Central America that may check your proverbial boxes are Costa Rica, Panama, and El Salvador – all territorial tax systems with various residency programs and pathways to become a citizen (the latter even has a direct citizenship by investment program). If you're looking for a hideout in the event of World War III or a country with lower cost of living and lack of regulations, Latin America may be a preferable region. 3. Southeast Asian or Middle Eastern Hub Asia's rising economic importance makes it a necessary component of any serious passport portfolio. Countries such as popular destinations Malaysia, Singapore, and Hong Kong offer: Explosive economic growth Strategic business presence in Asia Additional visa-free travel options (Singapore has the best passport in the world, says Henley & Partners) Investment opportunities in growing markets Alternative residences for domicile diversification Strong banking systems Wealth and financial management centers The key to your position in the Asian Century (as Ray Dalio calls it) is capturing arbitrage and opportunities in its emerging technology, strong banking systems, and growing financial hubs. These jurisdictions offer not just residence options, but gateways to the world's most dynamic economic region. It's difficult to get a secondary passport in this region. In some countries, dual citizenship is not permitted, meaning you'd have to renounce your original citizenships in order to qualify in their country. Or a passport is deemed a right only for those born in the country. Therefore, the transition from resident to citizen is rare. But you do have the opportunity to get citizenship by investment in Cambodia, residency then naturalization in the Philippines (which permits dual nationality), or just residency in Singapore, Hong Kong, and Malaysia through various investment programs. I get it – Because of the lack of citizenship programs, getting passports in Southeast Asia can be difficult. A good substitute for this region in your passport portfolio would be the Middle East. Egypt, Turkey, and Jordan all over citizenship by investment opportunities. Plus, the region is appealing for its generally tax-friendly environments (read: United Arab Emirates and its free zones). https://twitter.com/0x_ale/status/1851316697233268867 4. The Strategic Wild Card This is where things get interesting. Your wild card choice should focus on emerging markets with significant growth potential. I covered this in a video about El Salvador, Portugal, and Argentina recently. https://www.youtube.com/watch?v=aixkuQ_MCbM Look for jurisdictions rich in natural resources, developing infrastructure, and rising economic and political influence. The ideal wild card passports should unlock access to untapped markets and benefits for your whole family while requiring little of your time and/or financial resources that other passports in your portfolio can't provide. Basically, this is where you take a calculated risk for massive future rewards. Think emerging markets with: Natural resources Growing economy and wealth Investment programs with reasonable minimum investments Potential for significant return on citizenship investment Future strategic importance Net inflow of foreign investment Growing visa-free travel Developing infrastructure and government Improving safety marks Rising regional influence Untapped real estate market These are all key factors to becoming the next Dubai, the future Singapore, or the Hong Kong of 50 years from now. Invest there now and your passport portfolio will thank you later. The Bottom Line Rising global instability, social division, political strife, and geopolitical conflict – The world is full of risk. Having supplementary passports isn't just smart: It's necessary. The perfect passport portfolio combines: A strong European base (namely, Portugal's golden visa) Access to the Americas Presence in Southeast Asia or the Middle East Strategic wild card Even just two passports massively expand your global access and mobility, banking, investment, and residential options. They're not just for filling travel gaps. This is about you and your family's security and safety. In uncertain times, that's a unique advantage high-net-worth individuals can't afford to ignore. Build the EU Base of Your Passport Portfolio Ready to start building your passport portfolio? Let's talk about how Bitizenship can be your gateway to EU citizenship. Because in 2025, the question isn't whether you need multiple citizenships – it's how quickly you can build your portfolio. The best time to build your passport portfolio was yesterday. The second best time is now. Don't wait until you need options to start creating them. Start your path to become a global citizen now.

10 MIN READ

02 Dec 2024

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Yes, we coordinate with trusted law firms and advisors to streamline the entire process for you.

Visit the official Unbound Fund website for detailed insights into Unbound Fund.

We focus exclusively on Portugal’s program, offering unmatched flexibility and strategic advantages.

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