Is 2 Million Dollars Too Much Money For A Second Passport (Why Second Passports Currently Are Cheap)

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It would take you at least 20 years to get citizenship in a country like Andorra. Obtaining residency is relatively straightforward, but naturalization is extremely tough to come by.

In fact, it’s one of the longest naturalization timelines on earth.

Spain isn’t much better. The timeline on paper is ten years, but realistically, you’ll need to add four more for bureaucracy.

Long naturalization timelines, language tests, physical residence requirements, taxes, fickle governments, never-ending bureaucracy…

If you want to bypass all this and secure yourself a second passport in as little time as possible, you’ll need a citizenship by investment program.

What is citizenship by investment? The answer is in the name: citizenship you obtain by making an investment.

In more official terms, citizenship by investment is a process whereby wealthy individuals can obtain a second citizenship in a matter of months in exchange for an investment in or donation made to the country in question.

Unlike the other methods for obtaining citizenship – birth, naturalization, marriage, and descent – citizenship by investment operates like a business transaction.

You make the investment and they grant you citizenship.

Due to the purely economic nature of this transaction, you may have heard people refer to this as an ‘economic citizenship,’ or they simply throw around the idea of ‘buying a passport.’

That’s citizenship by investment.