Caribbean Citizenship vs. Turkey Citizenship by Investment

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If you tell someone that you have Caribbean citizenship by investment (CBI), they might scoff at you. Many people call passports from places like Dominica or Antigua fake or illegitimate because you can get them rather quickly by making a simple investment in the country. I did “buy a Caribbean Citizenship” from St. Lucia and now hold a passport. We can tell you that they’re perfectly legitimate and that all Nomad Capitalists should consider them as a part of their diversification strategy.

Three years ago, we didn’t think that Turkish citizenship by investment was going to amount to much. They had just launched it in January 2017 and with an entry cost of at least $1 million. Unsurprisingly, there weren’t many takers.

The Turkish government realized that they grossly overvalued their passport and dropped the investment needed to $250,000 in mid-2019. This instantly made it the hottest passport in the RCBI (Residence and Citizenship by Investment) world.

Which one is better? In this video, Andrew will tell you.

00:00 Start
0:21 Citizenship By Investment
1:37 Obtain Caribbean Citizenship
2:26 How to Get Turkish Citizenship
3:26 Investing in Real Estate
4:00 The Strongest Passports
8:58 Citizenship-Based Taxation
10:02 Citizenship By Descent
12:05 English-Speaking Countries
13:06 Living in Turkey

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.