You Can Get Citizenship If You Buy Property in These 7 Countries

If you’re considering moving abroad, there can be a lot to daydream about and also a lot of practical steps to take to get there. As you think through all these possibilities, it’s worth noting that purchasing property in certain countries can lead to residency and/or citizenship.

Citizenship by investment certainly isn’t free, but some countries offer cheaper and easier access points than others. Whether you are looking to retired abroad or simply to immerse yourself in a different culture, there are several European countries and Caribbean islands that offer enticing investment programs. On a related note, did you know what some countries will even pay you to move there?

Before buying property abroad, go over these steps to make sure you’re set up for success:

• Do your research: Begin by reading about countries that fit your financial and personal goals. Be sure you look into residency programs, tax laws, property ownership laws, and what an overall lifestyle looks like there to see if it might be a good match for you.

• Visit first: You’ll learn the most about an area and if you might to live there by spending time there in person. Consider visiting multiple times at different times of year to get a better ideas of the culture, local vibe, and what living there practically looks like.

• Consult the experts: Foreign property purchase isn’t a simple transaction, so be sure to talk with real estate agents, immigration lawyers, and tax professionals who can assist you with how to navigate local rules and reduce any surprises further along in the process.

• Think long-term: Even after doing all these other things, make sure you think long and hard about a commitment as big as this is and how it might impact your life in the future.

Ready to start that research? To inspire where you might potentially invest, we gathered information on seven countries that will give you citizenship for buying property.

Portugal

Lisbon, Porto, The Algarve, oh my! Portugal has been on a tourism hot streak for over a decade, climbing the ranks for popular countries to visit. Even better news? Their residence by investment program is super well-known. According to Henley & Partners, a global residence by investment firm, for as little as €250,000 in real estate expenditure, you may be able to access their coveted Golden Visa program. (This amount is generally for low-density areas; in tourist hot spots, you can expect to pay more.)

The visa allows for residency where Americans can live, work, and travel freely within the EU. After a five-year waiting period, you can begin the citizenship process. Portugal is attractive for its rich culture, deep history, convenient Western European locale, and great healthcare system, making it a prime target for residence by investment.

Antigua and Barbuda

For a dose of the Caribbean, Antigua and Barbuda can be an ideal pick. This multi island nation offers a Citizenship by Investment program that includes a real estate option. With a minimum investment of $300,000 in property, investors can eventually earn their citizenship.

This beachy locale also boasts a strong passport, with the opportunity for visa-free travel to over 150 countries. Beyond a welcoming, warm climate, advantageous taxes, and a favorable business environment all help Antigua and Barbuda stand out from the residence by real estate crowd.

Malta

Another archipelago, Malta is a prime pick for expat property investment. Their Individual Investor Programme (IIP) might be the ideal choice and requires a real estate investment of at least $350,000. Beyond the initial investment, this program generally involves a contribution to the country’s National Development and Social Fund and a commitment to maintaining the property for several years.

Though the citizenship process can take a few years, Malta offers a high standard of living and education along with a prime location in the heart of the Mediterranean. From its golden capital city to its azure waters, it’s easy to see why this EU nation made our list.

Turkey

Turkey’s Citizenship by Investment Program allows individuals to apply for citizenship after purchasing real estate worth $400,000 or more. This relatively low threshold for investment has made Turkey one of the most popular destinations for those seeking a second passport.

Turkey’s unique location bridging Europe and Asia, rich culture, burgeoning food scene, and growing economy make it an extra appealing choice for expats. Also notable: This large Eurasian country has a fairly low cost of living, making it an even more attractive option for those looking to diversify their investments and citizenship.

Dominica

The Caribbean’s best kept secret is the so-called “Nature Isle” of Dominica. Nope, not the Dominican Republic; Dominica is its own independent nation with a Citizenship by Investment Program that’s one of the most affordable in the region.

Although you can opt to contribute to a government fund, investing in real estate is also an option, with a minimum investment requirement of $200,000 in property. In exchange, you gain citizenship and access to visa-free travel to over 140 destinations.

Greece

Greece’s Golden Visa program is one of the most affordable residency-by-investment programs in Europe. For a minimum investment of about €250,000 in real estate, individuals and their families can obtain Greek residency, which offers the freedom to live and work in Greece and travel throughout Europe.

Although this program does not offer immediate citizenship, after seven years of residency (not full time), individuals may apply for citizenship. As long as other benchmarks are met, like a basic understanding of the language, real estate can be a viable road to Greek citizenship.

St. Kitts and Nevis

St. Kitts and Nevis has long been considered a reliable option for individuals seeking citizenship by investment. With a real estate investment of at least $325,000 for a condominium unit or $600,000 for a single family dwelling, investors can apply for citizenship.

The dual-island nation is known for its beautiful beaches, luxurious resorts, and a business-friendly environment that attracts international investors. The program also offers some of the most competitive tax benefits, such as no capital gains tax, no personal income tax, and no inheritance taxes.

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