RIF Trust CEO Mimoun Assraoui is attuned to the developing HNWI trend of building a passport portfolio: “You can fit a passport in one hand, it’s tiny, but there are few more powerful documents. They can transform your mobility, transporting you to a greater amount of visa-free countries. If you want to compare the strength of passports, look no further than our Passport Index.”
“Entrepreneurs apply for Citizenship by Investment programs to acquire a Plan B passport,” he reasons.
Our CEO ends with: “Smart ones know how to play the long game too and that’s why they also consider Residency by Investment programs. In this article, we will reveal the 14 ways you can craft a passport portfolio through a new residency and second citizenship. Your passport portfolio begins by doubling the one travel document you were born with.”
If you want to get your hands on an extra passport sooner rather than later, the fastest route is the direct one offered by Citizenship by Investment. The Antigua and Barbuda Citizenship by Investment program requires a minimum investment of $230,000. The process to become an Antigua and Barbuda national takes between 6 and 12 months.
Once you’re recognized as an Antigua and Barbuda citizen, you qualify for an Antigua and Barbuda passport. This is a top 20 travel document that allows you to enter 100 destinations without a visa, 29 with a visa on arrival, and 33 with an eVisa. 36 countries stipulate that you apply for a visa in advance as an Antigua and Barbuda passport holder.
The Canada Start-up Visa is an altogether slower path to a passport portfolio. You become eligible for Canadian citizenship after 5 years of permanent residency. Invest at least C$275,000 to kickstart the process.
As a Canadian national, you’re entitled to a Canadian passport. We rate this travel document the 7th strongest in the world, as you can visit 118 countries without a visa, 35 with a visa on arrival, and 24 with an eVisa. This leaves 31 destinations that you need to apply for a visa beforehand.
The Eastern Caribbean is the most prominent Citizenship by Investment region. Another CBI program available for HNWIs is Dominica Citizenship by Investment. This requires a minimum investment of $200,000 and, again, you will have to wait between half a year and a year to receive your citizenship.
This entitles you to a Dominica passport. Travel to 91 destinations without a visa, 26 with a visa on arrival, and 39 with an eVisa. You will need to secure a visa in advance to visit the remaining 42 countries.
The Greek Golden Visa is a European Residency by Investment ladder to a passport portfolio. You need to invest at least €250,000. There’s a 7-year naturalization period to fulfil before you become eligible for Greek citizenship.
If you pass the stringent culture and language test and physical residency requirements, you qualify for a Greek passport. This guarantees you access to 122 countries without a visa, 31 with a visa on arrival, and 28 through an eVisa. There are 17 destinations where you need to obtain a visa ahead of time.
Grenada Citizenship by Investment is another Caribbean CBI program. There’s a minimum investment threshold of $235,000. After 6-12 months, you will acquire your Grenada citizenship.
With Grenada citizenship comes a Grenada passport. A top 20 travel document, it enables you to enter 95 destinations without a visa, 27 through a visa on arrival, and 38 with an eVisa. 38 countries require you to solicit a visa in advance.
The Malta Permanent Residence Programme does not offer the same route to citizenship as the European Golden Visas. Malta’s MEIN does, however. This direct Maltese Exceptional Investor Naturalization is yours after you invest at least €600,000.
The Maltese passport becomes available after the 16-18 months of processing time. It allows you to visit 122 destinations without a visa, 29 with a visa on arrival, and 25 by securing an eVisa. 38 countries are accessible by applying for a visa beforehand.
Go slower towards starting your passport portfolio with a Portuguese Golden Visa. This requires a minimum investment of €325,000. The 5-year clock to citizenship starts ticking from the day you apply for residency rather than when you receive it.
As a Portuguese national, you can become a Portuguese passport holder. You can travel to 124 destinations without a visa, 30 with a visa on arrival, and 27 with an eVisa. 17 countries remain visitable if you obtain a visa ahead of your journey there.
The Spanish Golden Visa provides the same path to naturalization as the Portuguese version. Except you have to reside in the country for 10 years unless you’re from Latin America or the Philippines and you only have to live in Spain for just the 2 years. Plus you must invest at least €350,000.
Spanish citizens can claim a Spanish passport. We rank this travel document as the number 1 in the world, as you can enter 126 countries without a visa, 31 through a visa on arrival, and 26 via an eVisa. A mere 15 destinations are accessible by procuring a visa in advance.
St Kitts and Nevis Citizenship by Investment is the original CBI program, dating back to 1984. It stipulates a minimum investment of $250,000. How quickly you receive citizenship ranges from half a year to a year.
The St Kitts and Nevis passport is the Eastern Caribbean’s strongest travel document. You can visit 102 countries without a visa, 28 with a visa on arrival, and 36 with an eVisa. There are 32 countries you need to arrange for a visa ahead of time from.
The St Lucia Citizenship by Investment program is your last Eastern Caribbean passport portfolio booster. $240,000 is the least you can invest. In return, you will be granted citizenship within 6 months at the earliest and 12 months at the latest.
As a St Lucia national, you qualify for a St Lucia passport. This entitles you to travel to 94 destinations without a visa, 28 without a visa on arrival, and 37 with an eVisa. 39 is the number of countries requiring you to request a visa beforehand.
Turkish Citizenship by Investment has no physical residency requirements. What it does need is a minimum investment of $400,000. There’s a processing time of between 4 and 6 months.
With Turkish citizenship you can claim a Turkish passport. This delivers visa-free access to 69 countries, 40 with a visa on arrival, and 28 with an eVisa. 61 destinations obligate you to secure a visa in advance of your travel.
The Innovator Founder Visa is the UK’s Residency by Investment. You must invest at least £200,000 to qualify for this visa. After 5 years of residency, a British passport could be yours.
With a UK passport, you’ll land the 6th strongest travel document in the world. There are 118 visa-free destinations you can enter, 35 through a visa on arrival, and 25 via an eVisa. 20 countries require you to have requested a visa before you arrive.
An EB-5 Investor Visa is a minimum €800,000-priced avenue to a Green Card. This is quite possibly the world’s most famous ID. Following 5 years of residency, you become eligible for an American passport.
A US passport is a strong as a UK one. You can travel to 116 countries without a visa, 36 with a visa on arrival, and 26 with an eVisa. There are 20 destinations that demand you arrange a visa beforehand.
The final entry of our passport portfolio guide is Vanuatu Citizenship by Investment. This is the lowest-cost program, requiring you to invest at least $130,000. It’s also the quickest, with a processing time of 2-3 months.
Vanuatu nationality guarantees you a Vanuatu passport. It enables you to visit 48 countries without a visa, 31 with a visa on arrival, and 38 with an eVisa. 81 destinations stipulate that you procure a visa in advance.
After reading this article, do you want to take the next step to beginning a passport portfolio? You need to get in touch with a Residency or Citizenship by Investment expert such as RIF Trust. So, contact us now, and we’ll show you how to navigate your way to a second passport today without delay.