Many people wish to retire peacefully, which may involve retiring to a different country. This may translate to retiring to another country for many people. Enjoying sunny days, sandy beaches, lush greenery, fabulous healthcare, and a lower cost of living make retirement in another country more appealing. Along with easy travel to other countries and the ability to live, vote, and own property in the new country without restrictions, retiring in another country enriches your life by exposing you to different cultures and ways of living. Today, retirees are increasingly seeking the option of second citizenship for retirement to enjoy such benefits.
In the past, becoming a citizen of another country could be challenging and expensive. However, programs like Citizenship by Investment have made it easier than ever to become a citizen of a second country. People from almost any part of the world can apply and obtain dual citizenship by participating in one of these programs. In addition, many countries today provide citizenship with visa-free travel, allowing people greater access to opportunities such as better education, healthcare, and business prospects.
Here we take a look at the top five countries that offer straightforward citizenship for retirement:
Grenada
Grenada can provide retirees with an excellent healthcare system, top-class hospitals, and health centers known for their white sandy beaches, clear blue waters, warm hospitality, and low cost of living. There is no inheritance or wealth tax on international incomes or assets in Grenada if you’ve resided in the country for seven years. To become a citizen by naturalization, you must live in Grenada for at least five years and apply through the government. You can also obtain citizenship within six months by investing $220,000 (or equivalent) in qualifying real estate.
What is Citizenship by Investment?
Citizenship by Investment has been around since the Roman Republic. Of course, it’s changed a lot, but the core idea is still there: people can invest in a country’s economy and get citizenship.
In the past few decades, many countries have created programs that allow foreign nationals to achieve citizenship through investments. St Kitts and Nevis, a country many consider the grandfather of these programs, started its program in 1984, and many other countries followed suit.
Investing in a country’s economy to gain citizenship can take many forms. For example, an applicant can donate to a government development fund, purchase government-approved real estate, or invest in any other venture the government deems suitable.
The minimum Investment for this kind of visa varies depending on the country and the type of Investment. Still, applicants can now obtain a second passport at just USD 100,000.
Investors who opt for Citizenship by Investment programs can apply to bring along all their family members, with most programs including spouses, dependent children, parents, grandparents, and occasionally even siblings, on a single application.
Dominica
Dominica is one of the best countries to apply for citizenship for retirement. Their pristine beaches, rainforests, etc., make it a popular destination with an eco-friendly lifestyle and attractive tax policies. To get permission, you need to apply for a passport — you can typically enjoy visa-free travel to 143 countries and territories, among other benefits.
If you are a family, you can get citizenship by purchasing an investment property worth only $100,000. This offers an excellent chance for retired seniors interested in exploring the knowledge and experience they have accumulated over the years.
Malta
Malta is a part of the European Union and is home to immigrants from all over the world. It has a great climate, hospitable people, and low crime rates. Maltese citizens are primarily based on jus sanguinis (right of blood). Still, other citizenship options are available as well, such as through marriage or by residing in Malta for five years before applying.
With its low tax rates, visa-free travel, and world-class healthcare system, Malta is an excellent country to take up residency.
Turkey
You can enjoy the country’s vibrant culture and architectural beauty in Turkey. There are several famous sites such as national parks, nature reserves, and canyons where you can find countless recreation opportunities. Turkey is also home to some of the world’s most diverse languages and perspectives, making it a melting pot of cultures from the Mediterranean, Middle East, Central Asia, and Balkans.
If you wish to retire in Turkey, you can become a citizen if you invest $250,000 in Turkish property. $250,000 is the minimum investment required, giving you Turkish citizenship within six months. This also allows your children to access free education and healthcare and visa-free travel to over 111 countries.
St. Lucia
St. Lucia is a volcanic island in the Eastern Caribbean Sea. It’s known for its twin peaks, the Pitons, and its excellent beaches and offers an immaculate CBI program. The processing time for citizenship is three to four months, and you must contribute $100,000 to qualify. Once approved, retirees and their families enjoy visa-free travel to 146 locations, including Hong Kong, Singapore, the UK, and Europe’s Schengen Area.
Book a Free Consultation
Second, citizenship is one of the best insurance policies for the modern day. It allows you to travel and move, especially in times of uncertainty in your home country.
Our team of experts can create the best process and strategy for your application. They’ve successfully assisted high-net-worth individuals and their families in getting a second passport through Citizenship by Investment. Our senior executive team has over ten years of combined industry experience.
We provide personalized service and honest immigration advice to case filing support. Our Professional Help Will Guide You through the Complex Process of Immigration business expansion, visa-free travel, and creating a legacy all come together when you Invest in a citizenship program and be the Global Citizen in just 4 to 6 months. Take the first step towards a more successful happier future. Citizenship by Investment starts with ??? ???,???. Contact our highly experienced team of Immigration Experts in Doha, Qatar. Our office is open all seven days every week from 10 am to 7 pm.