Step 1: Determine Your Goals and Budget
Start by understanding why you want second citizenship. Is it for mobility, investment diversification, or better quality of life? Then set a realistic budget — CBI programs typically start from $100,000 (Caribbean) to over $1 million (Europe).
Step 2: Choose the Right Country and Program
Evaluate countries based on:
Investment options and amount
Processing time
Visa-free travel destinations
Tax policies
Residency or physical stay requirements
Seek advice from licensed CBI consultants or lawyers to help assess the best match for your needs.
Step 3: Engage a Licensed Agent
Most countries require you to apply through a government-approved agent or intermediary. These professionals guide you through documentation, due diligence, and submission.
Step 4: Prepare Your Documentation
Typical documents include:
Valid passport(s)
Police clearance certificate
Birth and marriage certificates
Proof of source of funds
Medical certificate
Bank statements and employment history
Documents may need to be apostilled or notarized, depending on the program.
Step 5: Submit the Application and Pay Fees
Your agent will file your application with the appropriate CBI unit. You’ll also pay government processing fees, due diligence fees, and partial investment amount (if required upfront).
Step 6: Undergo Background Checks
The host country conducts thorough due diligence on all applicants. This may take several weeks or months. Applicants with criminal records, visa rejections, or questionable finances may be denied.
Step 7: Make the Required Investment
Upon receiving preliminary approval, you’ll need to complete the investment. Depending on the program, this could be:
A donation to a national development fund
Real estate purchase (usually with a minimum hold period)
Business investment that creates jobs
Purchase of government bonds
Step 8: Receive Certificate of Citizenship and Passport
After confirming your investment and final approval, you’ll receive a Certificate of Naturalization and your passport. Some countries require an oath of allegiance, which may be done remotely or in person.
Important Considerations
No guarantee of success: Due diligence failures can lead to rejection.
Non-refundable donations: Most contributions to national funds are non-refundable.
Real estate pitfalls: Choose only government-approved projects and developers with strong track records.
Citizenship revocation: Misrepresentation or future criminal activity can lead to revocation.
Tax implications: Although some countries offer tax-friendly environments, always consult a tax advisor.
Costs Overview (as of 2025)
Country Minimum Investment Processing Time Visa-Free Countries
Saint Kitts and Nevis $250,000 (donation) or $400,000 (real estate) 3–6 months 150+
Dominica $100,000 (donation) 3–5 months 140+
Antigua & Barbuda $100,000 (donation) or $200,000 (real estate) 4–6 months 150+
Grenada $150,000 (donation) 4–6 months 145+
Malta €738,000+ (donation & residence) 12–36 months 185+
Turkey $400,000 (real estate) 3–6 months 110+
Final Thoughts
Citizenship by Investment is a gateway to global mobility, economic flexibility, and security for you and your family. However, it’s not a decision to take lightly. Every program has nuances, and the wrong choice can cost you time, money, and legal trouble.
If you’re serious about acquiring second citizenship, working with certified professionals, researching the best country fit, and planning financially will help ensure a smooth and successful application process.
Need Help?
If you’re exploring Citizenship by Investment for yourself or your clients, Mewo Travels can guide you through trusted CBI programs in the Caribbean, Europe, and beyond. Contact us today at info@mewotravels.com.ng or WhatsApp: +2349060002413 for a free consultation.