Dominica, St. Kitts, Antigua, Grenada, Turkey, St. Lucia, European countries: Cyprus, Malta, Montenegro, Moldova, upgraded Dominica, Greece, Republic of China (Taiwan), Vanuatu 2020 Passport Immigration Programs Comparison, the latest and deepest analysis
The sub-article provides an in-depth analysis of what can currently be done in a year with a legalCitizenship by Investment Programof the project.
Passport Immigration Program Analysis
Definition of the BCBIC Passport Program
BCBIC (Bih Citizenship by Investment Comparison,) https://passport.bprol.com)BIH Citizenship by Investment Program Indicatorsa.k.a.Passport ProgramHaving compiled a list of legal citizenship naturalization programs around the world.Citizenship by Investment ProgramIt means that the government accepts the financial contribution of a foreigner and grants citizenship to the investor and the investor's family members after sound due diligence.
Benefits of becoming a CBI citizen
- Apply for a passport
- Permanent residence, right to work, right to participate in elections (some countries still have restrictions).
- Education system, health care, national welfare
- Protected by the State
What it takes to become a BCBIC-assessed program
Due to the large number of existing Citizenship by Investment programs, and even new programs being launched every month, Bih will only adopt programs that meet the following ten criteria at the same time.
- Open, transparent, through a process of national legislation, and at the same time recognized by other countries
- Ability to apply for a passport
- Valid citizenship
- Full citizenship
- Permanent citizenship
- Status can be passed on to the next generation in the direct line
- Tax resident status is available
- project time to be able to accomplish one of the following within one year (365 days).
- Approval of applications for naturalization,
- Issuance of passports,
- Issuance of a certificate of naturalization,
- Issuance of civil identity cards,
- Or agree in principle
- The program is still open to the public.
- unprecedentedUnited NationsSanctions by international organizations
A total of 12 CBI programs were included in the BCBIC (https://passport.bprol.com):Dominican RepublicSt. Kitts, Vanuatu, Montenegro, Moldova, Cyprus, Antigua and Barbuda, Grenada, Turkey, St. Lucia, Malta, Greece, Republic of China (Taiwan).
cost analysis
Cost is generally a major consideration for people from all walks of life, after all, in a situation where the amount of money is limited, they will choose the product that is easier for them to afford, the cost includes the investment required by the government in the program (donations, purchase of a home, investment) plus the cost of participating in the program (government fees, due diligence, attorney's fees, application fees, certificate of naturalization, courier, plus administrative costs), here is a list of the current passport program in 2020 The cost of existing passport programs in 2020 is listed here.
The investment cost of the project, on average, is 350,000 euros.
The cost of the program is a minimum of $100,000 (for a total of four.):Dominican Republic(Antigua, St. Lucia, Moldova), up to 2 million euros (Cyprus), the cost of more than 200,000 belongs to the family type, can take the whole family (Malta it, Taiwan, Cyprus, upgraded version of Dominica, Montenegro), the other projects can increase the amount of money donated or invested to achieve the same effect.
Reference source:https://passport.bprol.com
Cost of the project, ranging from $50,000 to 150,000 euros
Generally speaking the other costs of the project (Government fees, due diligence, attorney fees, application fees, naturalization certificates, courier, administrative costs) is linearly related to the amount of investment in the project itself.Caribbean SeaThe average cost of the programs in the country is less than 50,000 USD and in the EU it is 150,000 EUR. However, it is important to note that the Greek programs in the BCBIC (Independent Financier and Golden Visa) are not passport programs, but only residency programs.
Reference source:https://passport.bprol.com
From the chart, we can see that the other costs of the project is about 30% to 50% of the investment amount of the project itself, although it is a not small cost, but it is an unavoidable cost; some applicants try to save the cost instead of causing greater losses.Actual fees may increase or decrease depending on the services provided by the organization and the number of applicants.The
Average cost for Caribbean countries
Caribbean SeaThere are a total of 5 countries open for Citizenship by Investment Programs (passport programs), with an average investment cost of $100,000 or $150,000 for a single applicant (as shown in the table below), plus expenses (government fees, due diligence, attorney's fees, filing fees, naturalization certificates, courier, and administrative costs) of approximately $50,000 or less.
Reference source:https://passport.bprol.com
Analysis of visa-free countries
Visa-free countries
Reference source:https://passport.bprol.com
Comparison of visa-free countries
All passport programs exceptMontenegro(Montenegro) not visa-free UK,Turkey and Moldova not visa-free UK nor Europe(math.) genusAll other programs are visa-free for 180 days in the UK and 90 days in Europe.The
Reference source:https://passport.bprol.com
Among the major visa-free countries (UK, USA, European countries, Canada, Australia, New Zealand, China), only the Republic of China (Taiwan passport) is exempted from all countries, unfortunately andNot open to mainland passport holdersThe program is open only to people with Hong Kong and Macau status (see link.):Criteria for Hong Kong and Macao Identity Persons)
Dominica Visa Free Countries
Usually visa waiver refers to holding an ordinary passport can be without a visa or visa on arrival, but now some countries have opened up the simple online application submission, which forms a new wave of visa exemption advantages, if these online visa submission convenience plus toDominica Visa Waiver MapAs an example, it can be seen that the Caribbean islands all have excellent access.
Processing time analysis
The processing time starts from the time of submitting the application documents, and the documents to be prepared can beRefer to this articleBecause each person's situation can be different, refer to theBCBIC websiteThe processing time.
Average time: within six months
For most of the Citizenship by Investment programs, the shortest timeframes areDominica (Dominica)St. Kitts and Nevis (St. Kitts), and Vanuatu (Vanuatu), averaging at three months. Then there is the program that takes between three and six months: Moldova (Moldova),ACBIP (Upgraded Dominica)Antigua, St. Lucia, Grenada.
Reference source:https://passport.bprol.com
EU passport program: takes one year
Cyprius and Mal it takes one to two years to naturalize, most notably because of the EU's progressively stricter scrutiny in due diligence and source of funds, and theOrganization for Economic Cooperation and Development, OECDFor anti-montry laundry and CRS requirements, if the applicant is not clear enough about the source of funds, the application will be rejected.Mare it's the highest rejection rate of any CBI program.The
Taiwanese
The Republic of China (Taiwan) does not have any naturalization channels open for citizens of the People's Republic of China due to political factors, but the existing laws in Taiwan allow forhold (passport, views etc)Hong Kong or Macau Passporttogether withHomecoming CardbesidesDoes not hold any other nationalityThe only way to find out is to take seven years to obtain Hong Kong status, give up your domestic status and invest about $200,000 in the program. So the only way to find out is to take seven years to get a Hong Kong identity, give up your domestic identity, and invest about $200,000 inImmigration to TaiwanThe process will take about nine years, so if you don't feel it's a good match, consider it.Upgraded Dominica PassportThe
red warning
The following countries are listed here as being friendly with China, where Chinese forces may be involved, and where incidents have occurred that have caused international public opinion to wonder about the security of the passport program itself and the confidentiality of the program's manifestations.
St. Kitts and China
Deputy to the National People's Congress of Northern Hebei ProvinceSun Xiang (1916-), Chinese footballer, President of the Republic of China from 2004Events.
Cypress and China
Signature with ChinaExtradition treaties(June 29, 2018)
Vanuatu and China
- Chinese nationals were arrested by Vanuatu police in a nighttime raid, and the group was escorted to an unmarked airplane with each suspect at the side of a police officer, Vanuatu's Minister of the Interior said, the Vanuatu Daily News reported.China didn't tell him what the charges were.. (July 2019)
- That the six persons have not been charged with an offense under Vanuatu law.No extradition proceedings were conducted either, Four of the six arrested have dual Vanuatu and Chinese citizenship. (July 2019)
Grenada and China
- Grenada, through its cooperation with China'sExtradition Treaties Act(November 2018)
- Grenada Citizenship by InvestmentThe Committee stated that, 98% of Grenada passport applicants so far in 2018 are from China
- Grenada Issues Guidance on Use of Citizenship through Investment Programswarnings(February 2019)
Right to work analysis
All Citizenship by Investment programs (passport programs) offer full citizenship, permanent residency, and the right to work, the only other privileges areEuropean Union Passport Program (Malta and Cyprus)of citizens have the right to vote in allEURight to work in countries (Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden).
Organization of Eastern Caribbean States
Organization of Eastern Caribbean States (OECS)The ten countries within, including Dominica, Antigua, Grenada, Montserrat, St. Kitts, St. Lucia, St. Vincent, the British Virgin Islands, Anguilla, and Martinique, are like a mini-European Union organization, with citizens of member countries having the right to work in any of the member countries.READ: Living in the Eastern Caribbean.
Permanent residency/citizenship
occurrenceSARS,Middle East Respiratory SyndromeWith the 2019 to 2020 pandemic in ChinaCOVID-19 Coronavirus disease outbreak (Coronavirus)The importance of the right of abode in the passport program (Citizenship by Investment Program) has received special attention since the importance of the right of abode has been increasingly recognized, with countries restricting the entry of citizens from infected areas, and more than 30 countries restricting the entry of Chinese nationals from the first of 2020 onwards. The right of abode in this context is not the right to enter the country as a visitor because of the passport's visa-free policy, but rather the right of abode to enter the country as a visitor to the United States.Unlimited stay and no return airfare is requiredThe
Projects with EU citizenship
malleusrespond in singingCyprus (Tw)All belong to the European Union, and acquiring Maltese or Cypriot citizenship allows you to reside in theEUany one of the following countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.).
Project on Citizenship of 10 Eastern Caribbean Countries
Started in 1981 by the EastCaribbean countriesEstablished an intergovernmental organization dedicated to economic harmonization and integration, the protection of human and legal rights and the encouragement of good governance and dependence among the countries of the Eastern Caribbean, and decided to establish an economic unionOrganization of Eastern Caribbean Sates (OECS)10 member States of the organization (Dominican Republic,Antigua,GrenadaMontserrat,Saint Kitts,Saint LuciaSt. Vincent, British Virgin Islands, Anguilla, Martinique) ensures the free movement of citizens, providing guarantees for all citizens of the member countries of the Protocol in the field of economic union. As in the European Union, citizens of these countries are allowed to circulate freely with the respective right to work ref:A Dominica passport lets you work in ten countries and live in ten.The
Ways to have permanent residence in the EU
Investing 250,000 euros in Greek real estate can also lead to direct permanent residency in Greece. Reference: GreeceGolden Visatogether withHome Buying Cost CalculatorThe
Degree of freedom analysis
Several non-governmental organizations now publish assessments of the situation of freedoms around the world, based on their own definitions.BCBIC (https://passport.bprol.com)For the Citizenship by Investment Program and the National Accounts Program, a combined calculation is used to rank citizens according to political rights, economic rights, civil liberties, visa-free countries, and the number of citizens with the right to reside and work, and scores are compared between the programs only, with a maximum of 100 and a minimum of zero.
World Freedom Survey (National Freedom)
leave it (to sb)Freedom House) A survey of the world's freedom, categorized into free, partially free, and not free. You can also go tohere areView full report.
Noteworthy in the passport program is Cyprus,Dominica (Commonwealth of Dominica)Taiwan is tied for first place with the United Kingdom, with total scores of 93 points or more.
economic freedom
- Complete freedom (80-100 points)
- Relative freedom (70-79.9 points)
- Limited freedom (60-69.9 points)
- Comparative suppression (50-59.9 points)
- Suppression (49.9 points or less)
Freedom formula for passport program
Take the sum of the percentile ranks based on the following five elements:
- Number of countries with residency
- Number of countries with the right to work
- Number of countries with visa-free passports and visa-on-arrival
- National Freedom
- economic freedom
Percentile Rank Formula:(Cl+0.5fi)/N*100%Results reference https://passport.bprol.com
Analysis relating to the United States
B1/B2 Visa
Visa BIt is the most common visa used to visit the U.S. All passport programs can be applied for in person at the U.S. Embassy.Visa BIn fact, it is often issuedVisa Category BbeB1/B2 Visa: It can be used for both tourism and business, and in addition, the U.S. Business and Tourist Visa can be used in lieu of a C1 transit visa.
E visa
The E-1 Treaty Trader Visa allows individuals to enter and work in the United States based on the business activity they wish to engage in within the U.S. The visa is available only to citizens of certain countries, who own at least 50 percent of a U.S. business, and more than 50 percent of the international trade involved must be between the U.S. and the treaty country.
Those who can apply for E2 visa areGrenada,Cyprus (Tw),Taiwanese,malleus,crude opium (Euphorbia pulcherrima). References https://passport.bprol.com
Visa-free USA
Visa-free access to the U.S. is available only toTaiwanesepeacemalleus. References https://passport.bprol.com
Analysis of financial security
Safest country
groundFinancial Security Index (FSI)Carrying out calculations done on five indicators, minimum tax, loopholes, transparency, anti-avoidance, and double taxation avoidance, the top ten are:Cayman Islands (first), United States (second), Switzerland (third), Hong Kong (fourth), Singapore (fifth), Luxembourg, Japan, Netherlands, British Virgin Islands, United Arab Emirates, countries that do not have any Citizenship by Investment program are within the top ten.
Taiwan, Malta, Cypress are relatively safe.
After the 10th place, the first place for the financial security of the Citizenship by Investment program is Taiwan, which is ranked 13th in the world, followed by Ear Ear It 18th and Cypress 27th; however, unfortunately Taiwan is only open to Hong Kong and Macau residents(View link:Criteria for Hong Kong and Macao Identity Persons)The only choices for non-Hong Kong and Macau people are Maltese and Sephiroth.
rankings | Passport Program | world ranking |
1 | Taiwanese | (prefix indicating ordinal number, e.g. first, number two etc)13place (e.g. among winners) |
2 | malleus | (prefix indicating ordinal number, e.g. first, number two etc)18place (e.g. among winners) |
3 | Cyprus (Tw) | (prefix indicating ordinal number, e.g. first, number two etc)27place (e.g. among winners) |
Antigua, Grenada, St. Lucia least secure
The lowest score was given to St. Lucia, the second lowest in the world, and generally the Caribbean and Eastern European countries had low scores.
rankings | Passport Program | world ranking |
* | Antigua | (prefix indicating ordinal number, e.g. first, number two etc)122place (e.g. among winners) |
* | Grenada | (prefix indicating ordinal number, e.g. first, number two etc)126place (e.g. among winners) |
* | St Lucia (Tw) | (prefix indicating ordinal number, e.g. first, number two etc)132place (e.g. among winners) |
Which country is the safest place to keep your money?
Under the most ideal premise, obtaining EU citizenship and keeping your money in Europe or the US through the Citizenship by Investment program in Malta or Cyprus is one of the best options;I do not recommend keeping funds in Caribbean countries.(math.) genusInstead, it is recommended to open accounts in Europe, Hong Kong, and Singapore and keep your money in these places. To open an account, you need to pay attention to CRS along with tax ID and proof of address, you can refer to my article:Moving assets offshore, are you doing it right?And? andHow to open an offshore bank account? Teach you to use your Dominica passport, apply for an offshore account and get your bank card in a day!
Cross-border exchange of tax information
For financial institutions, as long as you belong to the Chinese tax residents, just regardless of the fact that your money has gone overseas, according to the CRS agreement, the truth (most likely) is that the country still has a copy of your overseas accounts, and you will be in trouble if your money has gone through an illegal way and you can't prove the legal source, I have written a very complete article about this, please refer here:How to plan? Legally and safely avoid the automatic exchange of global bank account information? How passport + identity planning can solve the CRS problem?
estimation
Each program may have different concepts for different people, some consider the time, some consider the price, some attach importance to education, some attach importance to the security of funds, but the international passport program evaluation (CBI Index) to the applicant's most commonly considered elements of the ratings, passport passport through the country (Freedom of movement), standard of living (Standard of living), minimum investment outlay (Minimum investment outlay), landing or residence requirements (Mandatory travel or residence), processing time (Citizenship timeline), process convenience (Ease of process). Standard of living), Minimum investment outlay, Mandatory travel or residence, Citizenship timeline, Ease of processing, Due diligence, and other factors most often considered by applicants. processing), due diligence (Due diligence) to do a 2019 program ranking, let's take a look at the results.
Evaluation of the International Passport Project Index
Reference source:CBI IndeX
Visa-free travel or visa-on-arrival to over 180 destinations. ReferencesBCBIC (https://passport.bprol.com)The
100,000 (single applicant) plus processing fees:Dominican RepublicTalk to St. Lucia for the most affordable investment options.
The applicant and his/her companion may not be required to land in the country and no interview is required. ReferencesBCBIC (https://passport.bprol.com)The
Citizenship can be obtained and a passport issued in as little as three months. ReferencesBCBIC (https://passport.bprol.com). St. Kitts has a newly launched accelerated application process (AAP) that offers a fixed processing time of 60 days.
Measuring the complexity of citizenship applications. In some programs, the application process can be a burdensome and laborious task, which can be time-consuming for the applicant.Dominican RepublicThe process was simplified and applicants received clear instructions on how to proceed with Citizenship by Investment.
Among the seven indicators: passport passport country (Freedom of movement), standard of living (Standard of living), minimum investment outlay (Minimum investment outlay), landing or residence requirements (Mandatory travel or residence), processing time (Citizenship timeline), ease of processing, due diligence) may have different views, perhaps you think the investment cost is more important or the standard of living is more important. Citizenship timeline), ease of processing (Ease of processing), due diligence (Due diligence) you may have different views, perhaps you think that the investment cost is more important, or the standard of living is more important, it may be worthwhile to collect more information on the Internet, or to the BihConsultation by AppointmentThe
Trap Analysis
Non-existent passport program
Mexico, Paraguay, Malaysia, Philippines, Thailand, Myanmar, Marshalls, South Korea, Guatemala, Guatemala to Spain, Nicaragua, Costa Rica, Albania (not yet open), and the European Union have non-existent passport programs except for Bulgaria and Austria, which have Citizenship by Investment Programs (which are all more than one year old).
Passport program that allows you to immigrate to the U.S. and Canada
Mexico, Marshalls are non-existent passport programs.
Native-born passport program
Passport program that does not require the submission of a clean passport
apart fromBuying a house in Greece(math.) genusFinancial Independents in Greecebe part ofright of abode (law)The program, which does not require a clean bill of health before formal naturalization, is currently the only place where immigrant homebuyers can purchase homes without having to file a clean bill of health, and Turkey has its own online system.Vanuatu does not need to pay for non-criminal items.. ReferencesBCBIC (https://passport.bprol.com)The program, as well as others that do not require a clean bill of health, are informal programs.
Immigration from Mainland China to Taiwan
There is no legal way to provide mainlanders with the opportunity to obtain national status in the Republic of China (Taiwan) within eight years.
reach a verdict
We have found that more than fifty percent (50%) of applicants in theconsultativeWhen you have already locked in the program and know your goals, this is the correct approach, but there are still the remaining thirty percent (30%) in theconsultativedetails of various products, but never know what you want, we suggest that you first think about what you hope to achieve in a year's time, or even three years' time, and then pick the right program, or use this site's freeImmigration, Residency Self-Goal Assessment AnalysisThe
Nowadays is an era of developed Internet and relative freedom of information, often see some people share on the Internet that they used very incredible cost to obtain the U.S. green card or Canadian maple leaf card, however, often the number of failures is far more than the number of people who succeeded, in fact, the disaster and the risk is always more timely than the good luck, Bih suggests that you go through the formal channels, the correct process, the formal signing of the contract and the cost of supporting the acquisition of the The identity of the peace of mind, the evaluation of the budget can be referred tothis articleThe
One's mind is limited, and successful people know how to use the time of professionals to help them solve problems and focus on what they are good at; many people invest two to three years of their own time to specialize in projects, but make decisions when the problems are highlighted, as seen with the recent new type of pneumonia (Coronavirus). It is advisable to be earlyDetermine the direction, plan ahead, control costs, and allow your family to be prepared.You can make an appointment with Bih.Vip ConsultationmaybeHigh-end consultingThe
National identity is not just about traveling with the country's passport, it is more about enjoying the rights of national identity and tax benefits, property protection and the right to do business. If you treat your identity as just a travel document, you are not only wasting the civil rights of your identity, but you are also underestimating the true value of investing in the Citizenship by Citizenship program for you. We recommend you to watch the video:Three things you should do as soon as you get your Dominica passport.The
There is never the best project, only the most suitable project, once you decide the direction, implementation is more important than anything else, mouth, planning, evaluation, examination will not let you get the results you want, only the implementation of the goal can let you reach, do not be a smell of people, implementation of your plan.
consultation
BCBIC (https://passport.bprol.com)
Extended Reading
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.
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