Rankings

Overall

In 2020, Dominica’s Citizenship by Investment (CBI) Programme ranked first for the fourth consecutive year.

chart square
I.

Dominica

  • Single applicant minimum outlay: US$100,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Very fast processing
  • Spotlight: the Dominica Citizenship by Investment Unit is highly competent and adheres to strict due diligence procedures
Dominica
II.

St Kitts and Nevis

  • Single applicant minimum outlay: US$150,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Fast processing, with an Accelerated Application Process
  • Spotlight: the world’s oldest citizenship by investment programme, commonly referred to as the ‘Platinum Standard’
skn
III.

Grenada

  • Single applicant minimum outlay: US$150,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Fast processing
  • 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.

St Lucia

  • Single applicant minimum outlay: US$100,000
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Fast processing
  • Spotlight: the country has inaugurated a limited-time, Covid-19 government bonds option
saint lucia
V.

Antigua and Barbuda

  • Single applicant minimum outlay: US$130,000
  • 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, and can be completed by minors after they turn 18
  • No interview requirement; no language or culture test
  • Average processing speed
  • Spotlight: is the only country allowing families to qualify by making a donation to a university fund
antigua
VI.

Vanuatu

  • Single applicant minimum outlay: US$130,000
  • Applicants must travel to take the oath of allegiance, except during the height of the Covid-19 crisis
  • No interview requirement; no language or culture test
  • Very fast processing
  • Spotlight: the Development Support Programme offers full (not honorary) citizenship and may soon be the country’s only CBI option
Vanuatu
VII.

Malta

  • 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 and will be substituted in September 2020
Malta
VIII.

Cyprus

Please note that the Cyprus Investment Programme will be cancelled on 1 November 2020. The decision to cancel the Programme was made after the 2020 CBI Index was published.
  • Single applicant minimum outlay: €2,150,000
  • All applicants must own a €500,000 Cypriot residence and must be resident permit holders prior to applying. Travel is required twice, to give biometrics and take the Oath of Faith
  • No interview requirement; no language or culture test
  • Average processing speed
  • Spotlight: due diligence includes showing a valid Schengen Visa and no rejection for citizenship of the EU; a 700-applications-per-year cap applies, although this is rumoured to be removed in the late summer of 2020
Cyprus
IX.

Montenegro

  • Single applicant minimum outlay: € 365,000
  • One trip is required to receive the final decision on citizenship and supply biometrics
  • No interview requirement; no language or culture test
  • Fast processing
  • Spotlight: Montenegro began accepting CBI applications in October 2019.
montenegro landscape-01
X.

Turkey

  • Single applicant minimum outlay: US$250,000
  • No residence requirements, but the applicant must obtain an investor residence card and provide biometrics
  • No interview requirement; no language or culture test
  • Fairly quick processing
  • Spotlight: to be valid, all investments must first be recognised by the relevant Government ministry
Turkey
XI.

Bulgaria

  • 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
  • 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
XII.

Austria

  • 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; must show a proven track record of achievement
  • 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
XIII.

Cambodia

  • Single applicant minimum outlay: KHR 1 billion
  • No residence requirement for applicants for the donation route; nominal residence requirement for the approved investment route. Travel is required to obtain certificates and take the citizenship oath
  • No interview requirement; Khmer language and history test
  • Fairly quick processing
  • Spotlight: it is unclear when or if applicable laws will be amended to increase the minimum outlay
Cambodia
XIV.

Jordan

  • Single applicant minimum outlay: US$1 million
  • No travel or residence requirements
  • No interview requirement; no language or culture test
  • Fast processing
  • Spotlight: naturalised Jordanians face bars to pursuing political or diplomatic positions
Jordan

Learn more about the CBI Index by downloading the report below

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