Sovereign Man readers know a second citizenship is an important part of any Plan B.
In fact, I consider having a second passport the “ultimate insurance policy”.
It ensures that no matter what is happening in your home country, you will always have a place to live, work, invest, travel or even retire.
And, in extreme cases, it can allow you and your family to seek refuge somewhere safe.
There are several ways to obtain a second citizenship.
If your parents or grandparents are from a country like Italy or Ireland, you can get a citizenship through ancestry.
Or, if you have the flexibility and time, you can move to a country like Chile or Portugal and naturalize over many years.
But I know not everyone has relatives from qualifying countries, nor the ability to leave home and spend years abroad.
That’s why I’ve just completed a comprehensive article on citizenship-by-investment programs around the world.
There are a handful of countries, like St. Lucia and St. Kitts in the Caribbean and Malta in Europe, that allow you to purchase citizenship either by donation or an investment in a property or business.
This is a great option for people who have the money, but not the time.
And, for the time being, several of these countries have drastically reduced the cost of citizenship (for example, many Caribbean nations slashed fees after the hurricane last year).
In this new in-depth article, we explain what citizenship-by-investment is and how to tell if it’s right for you. Then we break down the various programs around the world and the strength of their passports.
If you’re interested in purchasing a second passport, there are definitely some countries you should avoid (or that simply may not be right for you) and we cover this all in the article.
We also created an excellent table that graphically compares all of the programs and their costs, the number of countries you can travel to visa free, tax implications, etc.
It’s an important resource for anyone considering this option.
You can access our new article right here. It’s completely free.
And if you find it useful, which I no doubt think you will, please give it a 5-star rating.