Second Passport by Investment: The Best Programs in 2025

Getting a second passport by investment means obtaining it through a Citizenship by Investment (CBI) program. Applicants make a financial investment in exchange for citizenship, which includes a second passport. Some investment options include contributing to government funds, investing a local business or purchasing real estate.

A second passport offers benefits like visa-free travel, tax advantages, and access to broader business and personal opportunities.

In this guide, we explore the following:

• What Is a Second Passport by Investment?
• Benefits of a Second Passport by Investment
• 15 Best Countries for a Second Passport by Investment
• Common Types of Investment to Buy a Second Passport

What Is a Second Passport by Investment?

A 2nd passport by investment lets people get citizenship in another country by making a big financial contribution.

Some investment options for buying a second passport include purchasing real estate, investing in business, or donating to a national development fund.

Buying a second passport offers benefits like the right to live, work, and study in the country, visa-free or visa-on-arrival access to many countries, and potential tax benefits.

The application process can include background checks, financial review, and sometimes a residency requirement.

Benefits of a Second Passport by Investment

Here are some key benefits of buying a 2nd passport:

Increased Global Mobility

A second passport can offer visa-free access to numerous countries, reducing the hassle and constraints of obtaining visas. This is particularly valuable for citizens from countries with less powerful passports.

Enhanced Safety and Security

In times of political unrest, economic instability, or other crises in one’s home country, a second passport provides an option for safe haven. It acts as an insurance policy, allowing individuals and their families to relocate or travel freely without being tied to the circumstances of a single country.

Expanded Business Opportunities

A second passport opens up new business opportunities, including access to favorable markets, investment options, and financial services that might not be available to citizens of other countries. It can also facilitate easier international banking and the establishment of businesses in foreign countries.

Optimized Taxation

Holding a second passport can offer tax advantages depending on the countries involved. Some individuals may benefit from more favorable tax regimes or the ability to manage tax liabilities more efficiently through residency in a country with more advantageous tax laws.

Access to Top-Quality Social Services

A second citizenship often comes with the right to live, work, and study in another country, offering direct access to world-class education and healthcare systems.

Family-Related Benefits

Many citizenship by investment or residency programs allow applicants to include family, ensuring that the benefits of a second passport extend to spouses, children, and sometimes even parents and siblings.

Estate Planning and Inheritance

A second passport can simplify estate planning and inheritance matters, particularly in cases involving assets or properties in multiple countries. It can also provide heirs with broader opportunities and rights.

Personal Freedom

A second passport represents personal freedom. It offers the ability to choose where to live, work, and travel, independent of the limitations or obligations imposed by a single nationality.

Backup Plan

A Plan B passport gives you a solid backup plan and added security in times of instability. Even if you do not wish to relocate, you can choose a citizenship by investment program with a low physical residency requirement and high return on investment.

15 Best Countries for a Second Passport by Investment

A second passport through investment provides the chance to acquire one of the world’s most valuable travel documents. With tools like Global Citizen Solutions’ Global Passport Index,(GPI) individuals can explore a passport’s true strength by assessing its access to various countries, investment opportunities, and impact on quality of life.

Here are 15 countries to consider when planning to get a second passport by investment:

1. Antigua and Barbuda

Antigua and Barbuda’s citizenship by investment program grants a second passport by investment with a $230,000 donation to the National Development Fund (NDF). This provides visa-free travel to 150 countries and the second-highest-ranking passport in the Caribbean.

Investors can also contribute to the University of the West Indies Fund, which offers unique benefits, including a fully paid year of tuition for one dependent at the University of the West Indies. This also grants citizenship to the investor and their eligible dependents.

2. Austria

Austria offers a unique and highly selective Austrian citizenship by investment program. 

Austria’s investment program requires a substantial €2 to 10 million investment in a business that creates jobs, shows growth potential, and has a strong international reputation.

This program offers the opportunity to obtain an Austrian passport, one of the highest-ranking EU passports, in the 15th position on the GPI.

The passport grants visa-free or visa-on-arrival access to 174 countries. Austria is also considered one of the safest and most stable countries, which is an attractive option for those who value security with their new citizenship.

3. Dominica

Dominica citizenship by investment allows individuals to obtain a second passport by making a financial investment in the country. There are two main investment options: a donation to the Economic Diversification Fund (EDF), starting at $200,000, or a real estate investment in government-approved properties, also starting at $200,000.

Both options provide a path to citizenship with visa-free travel to over 150 countries. No residency requirements exist meaning applicants don’t need to visit the country or attend in-person interviews. Tax residents benefit from Dominica’s territorial tax system, which doesn’t tax worldwide assets.

4. Grenada

Grenada’s citizenship by investment program offers a route to second citizenship through a $235,000 donation to the National Transformation Fund or real estate investments starting at $270,000.

The program is especially attractive because Grenada grants investors access to the U.S. E2 Visa program, which allows them to include immediate family and dependent parents or siblings.

A Grenadian passport grants visa-free access to 147 countries, including China and Russia, and the country’s location outside the hurricane belt adds further appeal.

5. Hungary

Hungary’s Golden Visa program offers non-EU and non-EEA citizens residency through investments such as €250,000in a real estate fund, €500,000 in residential real estate (from 2025), or a €1 million donation to higher education.

No minimum residency requirements exist, and applicants can begin business ventures immediately.

Citizenship is available after eight years, providing visa-free entry to 122 countries and opportunities for economic growth in a stable foreign country.

6. Jordan

The Jordan citizenship by investment program offers dual citizenship opportunities in the Middle East. It requires a minimum investment of $750,000 in real estate.

This program appeals to international investors due to Jordan’s strategic location, rich Islamic culture, and stable environment with low levels of conflict.

Jordan also promotes economic growth through its Economic Modernization Vision, a long-term strategic plan to transform the country’s economy to achieve sustainable growth and improve the standard of living for its citizens.

7. Latvia

Latvia’s Golden Visa includes multiple investment options, such as €250,000 in property, €50,000 in a capital company, €280,000 in a bank deposit, or €250,000 in government bonds.

Applicants must live in Latvia at least once a year, and residency is granted after investment approval. Citizenship is available after ten years, with the possibility of granting a passport with visa-free entry in 119 countries.

8. Malta

The Malta Citizenship by Investment program, also known as the Citizenship by Naturalization for Exceptional Services by Direct Investment (CES), offers a fast path to EU citizenship in as little as 12 months. It requires a real estate investment of €700,000 (or a five-year lease of at least €16,000 annually) and a charitable donation of €10,000.

This program stands out because of its status as the only Citizenship by Investment program in Europe. Malta’s passport offers visa-free access to 172 countries, providing exceptional global mobility and opportunities.

9. Portugal

The Portugal Golden Visa offers non-EU nationals residency by investment.  However, a Portuguese passport is obtained after meeting the five-year residency requirement and grants visa-free access to 27 EU nations and 174 countries globally, including the U.S., Canada, and much of Asia.

The program requires a minimum investment of €250,000, with options such as funding scientific research, supporting the arts, or creating jobs.

While citizenship is not immediate, it offers access to one of the world’s most powerful passports, enabling seamless travel, work, and residence across the European Union.

10. Serbia

Serbia’s residency by investment program allows individuals to secure residency through real estate purchases, with no minimum investment requirement.

Eligible properties include apartments, residential buildings, and business premises tied to active business ventures. Once the investment is approved, residency is granted, and applicants can start living and working in Serbia.

After five years, you can get a second passport, offering visa-free entry to 88 countries and the chance to participate in business ventures in a foreign country.

11. Spain

The Spain Golden Visa is another great residency by investment program granting legal residence in exchange for a qualifying investment, such as €500,000 in real estate or €1 million in shares of a Spanish company.

After maintaining residency for ten years, you may qualify for naturalization and a Spanish passport. This powerful passport ranks in the top 20 on the Global Passport Index.

It provides visa-free access to 174 countries, including the EU, the UK, and many global destinations, making it highly valuable for international travel and business opportunities.

12. St Kitts and Nevis

The St. Kitts and Nevis citizenship by investment program has several investment options, including a $250,000 contribution to the Sustainable Island State Contribution (SISC) or purchasing government-approved real estate at $325,000.

The program is known for its quick processing time of just 12 months and grants visa-free travel to 153 countries, including EU Schengen states, the UK, Singapore, Russia, and Hong Kong, making it a popular choice for investors.

13. St Lucia

St. Lucia’s citizenship by investment program offers various investment options, starting with a $240,000 donation to the National Economic Fund.

It provides visa-free travel to 153 countries and significant tax benefits, with no residency or visitation requirements. The process takes about 10 to 12 months, and government bond investments allow for the inclusion of immediate family members and dependents with no extra fees.

14. Turkey

Turkey’s citizenship by investment program includes affordable options, such as real estate investments starting at $400,000 or establishing a business as a path to citizenship.

This program provides access to a skilled workforce and a strategic location bridging Europe and Asia, making it attractive for entrepreneurs and investors.

Key benefits include no requirement for government-approved real estate projects, a relatively low cost of living compared to other CBI countries, and visa-free travel to over 110 countries.

15. Vanuatu

Vanuatu’s citizenship by investment provides one of the quickest routes to citizenship, requiring a minimum donation of $130,000 to the Vanuatu Development Support Program. This is the world’s fastest CBI program, granting citizenship within as little as 60 days.

Additional benefits include zero personal income tax on local or global income, visa-free access to over 130 countries, and a serene lifestyle in a tropical paradise.

Common Types of Investment to Buy a Second Passport

Citizenship by investment programs provides a route to acquiring a second passport through various types of financial investments. Here are the common types of investments available when seeking second citizenship:

1. Real Estate Investment

Several countries offer citizenship in exchange for purchasing real estate. The required investment amount can vary significantly, and often, the property must be held for a specified period, usually around 3-5 years.

2. Government Bonds

Some Citizenship by Investment programs allow investors to obtain citizenship by purchasing government bonds. These bonds must be held for a number of years without interest.

3. Local Business Investment

Investing in local businesses or establishing a new business can also be a path to citizenship. This often involves creating jobs and contributing to the country’s economic development.

4. Donation

Many programs require a direct contribution to a national development fund or similar government entity. These non-refundable donations fund public projects such as education, healthcare, and infrastructure.

5. Investment Funds

Some countries, like Greece and Cyprus, offer second passports through investments in government-approved funds, which are used to support national economic development projects.

How Can Global Citizen Solutions Help You?

Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwide acquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments. 

We guide you from start to finish, taking you beyond your citizenship or residency by investment application. 

Frequently Asked Questions About Second Citizenship By Investment

What is a second passport by investment?

A second passport by investment is the process of obtaining citizenship in a country by making a significant financial contribution.

This investment can come in the form of investing in a business, purchasing real estate or buying government bonds.

What is the difference between a second passport and dual citizenship?

A second passport does not give you the same level of recognition or rights as dual citizenship does.

A second passport means you simply possess a passport from a country other than your home country.

Dual citizenship means you are recognized as a legal citizen of two different countries, with full rights in both.

What are the benefits of having a second passport?

• Travel freedom: A second passport grants visa-free or visa-on-arrival access to hundreds of countries.
• Expanded economic opportunities: It removes barriers to running a business, owning property or opening a bank account as a foreigner.
• Access to social services: make use of world-class education and healthcare services, services that are might be provided to citizens for free in certain countries.
• Improved personal security: in times of economic and political instability, having a second passport affords you a safety net.

Are there any risks involved in buying a second passport?

Some of the risks include double taxation, the cost of obtaining and maintaining a second passport, being caught in the middle of political conflicts between two countries and potentially jeopardizing citizenship in your home country, depending on laws.

Can you legally buy a second passport?

Yes, it is legal to buy a second passport if you go the Citizenship by Investment (CBI) route.

What are the requirements for obtaining a second passport through investment?

You need to prove your existing citizenship with birth or naturalization certificates, submit a citizenship application in the intended country, substantiate the need for a second passport (like frequent travel) and depending on the country, go through a citizenship retention process.

What is the process of buying a 2nd passport by investment?

• Step 1:  Select and hire a licensed immigration agency. A licensed agency has access to legal experts to help guide you through the application process, ensure compliance with local laws, and help you choose the best options.
• Step 2: Make the investment. Choose the investment route that best suits your situation and ensure the investment meets the minimum requirements for the chosen country.
• Step 3: Submit required documents. These may include a passport, birth certificate, bank statements, proof of investment, police clearance certificate and more.
• Step 4: Application review and processing. This includes thorough due diligence checks, which can take several weeks to a few months to process, depending on the country.
• Step 5: Receive citizenship and passport Upon approval, you’ll receive a certificate of citizenship and can apply for your second passport.

Can I buy a second passport without living in the country?

Yes, most Citizenship by Investment (CBI) programs allow you to buy a second passport without having to reside in the country.

Do I need to pass a language test to get a second passport?

Yes, depending on the country you are applying to. Not all countries require it but some do.

What's the best second passport by investment in Europe?

Malta is often considered to be the best European second passport by investment. This is due to strong global mobility, visa-free access to over 174 countries, and the benefit of receiving the right to live and work across all EU nations.

What is the easiest country to get a second passport?

Vanuatu offers the easiest and fastest route to obtaining a second passport. It only takes 60 days to process the application and only requires a donation of $130,000 to the Vanuatu Development Support Program.

What is the fastest way to get a second passport?

The fastest way to get a second passport is via a Citizenship by Investment program and making a financial contribution to a country’s economy.

Can you buy a second citizenship?

You can’t directly buy a second citizenship, but you can obtain it through a Citizenship by Investment (CBI) program. You can make a donation, purchase real estate or invest in a local business to obtain your second passport.

How difficult is it to get a second passport?

The difficulty surrounding getting a second passport can vary depending on factors like your current citizenship and the country you’re interested in. It can involve proving ancestry, investing in a country, or meeting residency requirements.

Always research legitimate government programs offered by the country you’re interested in via official government resources, get advice from and work with a reputable immigration lawyer, be wary of anything that promises immediate results and never pay large amounts of money upfront without having done due diligence.

What types of investments qualify for a second passport?

• Buying real estate
• Purchasing government bonds
• Donating to a designated fund
• Investing in a business

How much does it cost to buy a second passport?

The cost of a second passport will depend on the country. It ranges from $130,000 in Vanuatu (the lowest minimum investment amount) to €600,00 in Malta.

Can I get a refund if my second passport application is denied?

Most of the time you won’t be receiving a refund, regardless of the reason for denial.

Are there any tax benefits to having a second passport?

Yes, but this depends on the country of origin and the country in which you’re applying. Certain countries offer a zero income tax benefit.

What is the minimum investment required to get a second passport?

The minimum investment varies by country and program. It can range from $130,000 to $2 million, depending on the specific Citizenship by Investment program and the type of investment.

How long does it take to obtain a second passport through investment?

The processing time can range from a few months to over a year.

Caribbean countries can process applications within 3- 12 months, whereas European countries may take longer, sometimes up to 12-36 months.

Are there any residency requirements for maintaining the second passport?

Some Caribbean countries with Citizenship by Investment (CBI) programs, like St. Kitts and Nevis, do not have residency requirements for maintaining citizenship.

However, countries like Antigua and Barbuda require applicants to spend 5 days within the first five years of obtaining citizenship.

Do I need to visit the country to get a second passport?

You generally do not need to physically visit the country you’re applying to. However, some countries might have residency requirements or require a short visit to take an oath.

Does buying a second passport grant me visa-free travel?

Yes, a second passport does offer visa-on-arrival and/or visa-free access. Often to as many as over 100 countries.

Do I need to renounce my current citizenship to buy a second passport?

No, you don’t typically need to give up citizenship in your home country as many countries offer dual citizenship.

Can I pass my second citizenship passport to my family members?

Yes, most programs allow you to add your family members, such as children, to the application.