Rankings

Overall

As compared to 2017, the 2018 CBI Index saw continuity in its overall results. The Caribbean was once again the most successful region, with Dominica taking first position and St Kitts and Nevis second.

2-in1_Ranking_Specs
I.

Dominica

  • Two options for economic citizenship: fund contribution or real estate purchase
  • Single applicant minimum outlay: US$100,000 contribution to the Economic Diversification Fund
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Processing takes between 45 and 60 days
  • Spotlight: the Dominica Citizenship by Investment Unit is known for its high competence, epitomised by its continued regular output even in the aftermath of Hurricane Maria in September 2017
Dominica
II.

St Kitts and Nevis

  • Three options for economic citizenship
  • Single applicant minimum outlay: US$150,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Current slow processing is due to high uptake under the temporary Hurricane Relief Fund option. The country is unique in offering an Accelerated Application Process
  • Spotlight: the world’s oldest citizenship by investment programme, commonly referred to as the ‘Platinum Standard’
skn
III.

Grenada

  • Two options for economic citizenship
  • Single applicant minimum outlay: US$150,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Processing has slowed down significantly, with the Government notifying parties of “prolonged delays”
  • Spotlight: citizens of Grenada can apply for an E-2 Visa to the United States and travel without a visa for up to 30 days to China
Grenada
IV.

Antigua and Barbuda

  • Three options for economic citizenship
  • Single applicant minimum outlay: US$125,000
  • Adult applicants must make one trip to take the oath of allegiance and show five days of residence within five years of citizenship. The travel and residence requirements can be fulfilled contemporaneously
  • No interview requirement; no language or culture test
  • Processing delays of around six months
  • Spotlight: lost visa-free travel to Canada in June 2017
antigua
V.

St Lucia

  • Four options for economic citizenship
  • Single applicant minimum outlay: US$100,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Processing takes between three and five months
  • Spotlight: reductions in minimum outlay, elimination of the US$3 million net worth requirement, and removal of the 500-applicant annual cap have led the St Lucian opposition to pledge to review applications and seek larger contributions
saint lucia
VI.

Vanuatu

  • One option for economic citizenship
  • Single applicant minimum outlay: US$155,000
  • Applicants must travel to either Vanuatu or Hong Kong to take the oath of allegiance
  • No interview requirement; no language or culture test
  • Processing takes between six and eight weeks
  • Spotlight: applicants must show a minimum net worth of US$250,000. Although there was speculation that bitcoin would be accepted, this was refuted by the Government
Vanuatu
VII.

Cyprus

  • Three options for economic citizenship (plus combinations thereof)
  • Single applicant minimum outlay: €2 million
  • All applicants must own a €500,000 Cypriot residence and must be resident permit holders prior to applying. Travel is required, among other things, to give biometrics
  • No interview requirement; no language or culture test
  • Processing takes around six months
  • Spotlight: in 2018, a 700-applicant-per-year cap and heightened due diligence were introduced
Cyprus
VIII.

Malta

  • One option for economic citizenship
  • Single applicant minimum outlay: €880,000
  • Applicants must show 12 months of Maltese residence, and travel to apply for a residence card, give biometrics, and take the oath of allegiance
  • No interview requirement; no language or culture test
  • Processing can take no less than 12 months
  • Spotlight: applicants must maintain global health insurance; the IIP is capped at 1,800 main applicants
Malta
IX.

Bulgaria

  • Two options for economic citizenship
  • Single applicant minimum outlay: BGN 1 million
  • Minimum physical presence is not required, but multiple trips must be made to apply for and register permanent residence
  • No interview requirement; no language or culture test
  • Citizenship takes at least three years, and five years where the most affordable investment option is selected
  • Spotlight: economic citizenship is only available to non-EU nationals
Bulgaria
X.

Turkey

  • Five options for economic citizenship
  • Single applicant minimum outlay: US$1 million
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Processing takes around three months
  • Spotlight: to be valid, all investments must first be recognised by the relevant Government ministry. There is speculation that the minimum outlay for real estate will be reduced to US$300,000
Turkey
XI.

Austria

  • One option for economic citizenship
  • Single applicant minimum outlay: actual or expected outstanding achievement of an economic nature
  • Applicants must make one trip to Austria to take the oath of allegiance
  • Interview requirement; no language or culture test
  • Processing takes around two years
  • Spotlight: lack of clarity as to requirements and likelihood of success has generated reluctance towards applying for Austrian economic citizenship
austria
XII.

Jordan

  • Five options for economic citizenship
  • Single applicant minimum outlay: US$1 million
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Processing takes around two months
  • Spotlight: naturalised Jordanians face bars to pursuing political or diplomatic positions
Jordan
XIII.

Cambodia

  • Two options for economic citizenship
  • Single applicant minimum outlay: KHR 1 billion
  • No residence requirement for applicants for the donation route; nominal residence requirement for others. Travel is required to obtain certificates and take the citizenship oath
  • No interview requirement; Khmer language and history test
  • Processing takes between three and six months
  • Spotlight: applicable law is likely to be amended to increase the minimum outlay
Cambodia

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