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How to Buy US Citizenship: A Guide for the Wealthy

If you are tired of living in the US and want to escape to another country, you might be wondering if you can buy citizenship somewhere else. The answer is yes, but it won’t be cheap or easy. There are a few countries that offer citizenship by investment programs, also known as “golden passport” schemes, that grant residency and a second passport to foreigners who invest a certain amount of money in the country.

However, none of these countries are the US. The US does not have a citizenship by investment program, and the only way to become a US citizen is by birth, naturalization, or derivation. Naturalization requires living in the US for at least five years as a permanent resident, passing a citizenship test, and taking an oath of allegiance. Derivation is for children who automatically acquire US citizenship through their parents.

So, if you want to buy US citizenship, you are out of luck. But if you are willing to settle for another country, here are some of the options available to you.

Caribbean Islands

Some of the most popular and affordable citizenship by investment programs are offered by Caribbean islands, such as Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and St. Lucia. These countries have relatively low investment thresholds, ranging from $100,000 to $150,000 for a donation to a government fund or $200,000 to $400,000 for a real estate purchase. They also have fast processing times, usually within a few months.

The benefits of obtaining a Caribbean passport include visa-free travel to over 100 countries, including the UK and the EU Schengen area; tax advantages; and access to a tropical lifestyle. However, some drawbacks are that these countries have limited economic opportunities; political instability; and exposure to natural disasters.

European Countries

If you prefer a more stable and developed country, you might want to consider buying citizenship in a European country. Some of the countries that offer this option are Austria, Cyprus, Malta, Montenegro, and Turkey. These countries have higher investment requirements, ranging from €250,000 to €2 million for real estate or business investments or donations to government funds. They also have longer processing times, usually between one to five years.

The benefits of obtaining a European passport include visa-free travel to over 150 countries, including the US and Canada; access to high-quality education and health care systems; and participation in a diverse and rich culture. However, some drawbacks are that these countries have higher taxes; stricter regulations; and potential backlash from locals who oppose these schemes.

Other Countries

There are also some other countries that offer citizenship by investment programs outside of the Caribbean and Europe. These include Cambodia, Jordan, North Macedonia, Vanuatu, and Moldova. These countries have varying investment requirements, ranging from $80,000 to $1 million for real estate or business investments or donations to government funds. They also have varying processing times, usually between two months to two years.

The benefits of obtaining a passport from these countries include visa-free travel to some countries; lower cost of living; and unique cultural experiences. However, some drawbacks are that these countries have less global recognition; lower standards of living; and security risks.

Conclusion

Buying citizenship is not an easy or cheap way to escape from the US. It requires a lot of research; due diligence; and financial commitment. It also comes with trade-offs; risks; and responsibilities. Before you decide to pursue this option, you should consult with an expert in residency and citizenship; weigh the pros and cons; and consider your personal goals and preferences.