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What’s more exclusive than a Black Amex? Multiple Passports.
Whether you’re looking for expanded visa free travel, an offshore financial center, a social disruption backup plan, bragging rights, or just aspirations to be a real life Jason Bourne – a 2nd passport has many uses. If you’re in the market, and have the cash, there are 10 countries around the world that will straight up sell you citizenship through what’s called a CIP: Citizenship by Investment Program. The requirements vary from country to country, but essentially you’ll be dropping cash into their country fund, real estate development, or in the case of Turkey: simply purchase a property worth $1M or more.
Worried that you may need to escape your native country due to social unrest? No problem…gas up the superyacht and head to St Lucia for the first time. Yes, you read that right, the first time…you needn’t to have ever visited St Lucia to be a citizen. Oh…what money can buy.
The cheapest option? A cool $100k.
It’s probably no surprise that 8 of the 10 are declared by the IMF to be offshore financial centers, and take note at the tax rates: they.are.low. Look, you’re not EVADING taxes…you’re simply AVOIDING them 😉
Check out this chart that Bloomberg put together that shows the various prices and rates – click the link to see a more in depth breakdown of what’s required.
*feature image courtesy of Hyatt.com ( Park Hyatt St Kitts )