The naturalization route to change residence is not available to all foreigners, but there is an alternative. Moreover, many wealthy Nigerians can enjoy the benefits of the new country and conduct business. Therefore, it is worth examining offers of citizenship for investment to choose in favor of a better future.
There are several reasons to consider a new passport. Firstly, the official status protects legal interests. Secondly, the holder enjoys a simplified border-crossing procedure. If you are wondering where to get a second citizenship for Nigerians, read the article.
Portugal is a country that attracts Nigerians
Unlimited business opportunities make you think seriously about the paperwork. If you choose Portugal, you will not go wrong. In addition to stable economic development and the chance to acquire liquid assets, other benefits are motivating:
- visits to more than 150 countries under a simplified procedure;
- high speed of application processing (from 45 days);
- favorable conditions for scaling up the company.
To apply, you must prove your willingness to make a financial contribution and prepare a proof of absence of criminal record and good character. Any entrepreneur over the age of 18 can apply. The real estate contribution starts at 280 thousand euros.
Dominica and the program “Citizenship by Investment”
If you can acquire second citizenship in Europe for Nigerians, you can take part in this offer. Dominica is known for allowing people to keep their first passport and become part of the new society. In addition, the cost of participation is only 100,000 dollars, which will be channeled to:
- the country’s real estate sector;
- Economic Diversification Fund;
- Infrastructure development.
Applicants who have taken advantage of the fortunate situation get exceptional opportunities. Firstly, the passport holder travels seamlessly to the EU and Schengen area, which is good for business. Secondly, the procedure is done remotely: no need to travel to Dominica.
You can get more information about the offers from the specialists. A consultation will help you specify the cost based on personal requirements and family composition. Then, compare the main features of the options and determine the best place to set up your future.
Barbuda and Antigua program
A magnificent island awaits new residents willing to invest from 100,000 dollars. The minimum amount will be transferred to the University Foundation account. Participating in the offer is a great way to support the education sector and acquire dual citizenship.
Wealthy Nigerians can open accounts in European banks and travel around the world. In addition, entrepreneurs benefit from the new tax system and avoid paying taxes twice. Adding to this the ability to obtain a visa to live in the US, the issues disappear.
According to an expert of Immigrant Invest Zlata Erlach, other nearby Caribbean islands deserve no less attention. Their obtain citizenship options are valued as inexpensive and quick ways to complete the path to naturalization in a foreign country.
St Lucia and its investment options
Saint Lucia complements the list of offerings perfectly. It is an excellent place to develop a business and a career as an entrepreneur. A unique feature of EU CBI programs for Nigerians is the opportunity to choose a destination for investment. Among the choices are the following:
- donation to the NEF;
- purchase of real estate;
- buying bonds;
- partial acquisition of a part of a company;
- purchase of preference bonds.
The requirements for applicants are simple: a contribution, payment of additional fees and proof of processing is required. A visit to the island is not needed, nor is residency in the territory. Thus, alternative naturalization does not take long. The entire process takes only 45 days.
Grenada: a country to move as a family
The application form allows you to add close relatives to the list of applicants. It is for children, your spouse, and other family members. In this way, moving with your family will not be a hassle, and the offered top privileges will play out in the best possible light:
- Education. The passport holder enjoys the right to study at the best higher education institution and to be officially employed.
- Health care. Quality medical care is available to all citizens, including participants in the program EU citizenship for Nigerians.
- Business. There are no income, inheritance, or other taxes, which allow people to accumulate resources.
- Visa. Obtaining a long-term residence permit in the USA and Canada is no problem for a Grenada passport holder.
Grenada is the only country that offers travel to China without documents. This unique opportunity will allow for a broader scope of activities and a reduction in bureaucratic red tape. The requirements for foreigners are similar to those listed above: finances, trustworthiness, and respect for the law.
Conclusion
The universal focus on naturalization policies provides a preferred choice of living and doing business. However, programs differ in cost, processing speed, and the possibility of avoiding double taxation. Therefore, it is worth considering and comparing several options with your expectations to find a favorable offer.
