Table Of ContentH T G A N
OW O ET EW
P F 2023
ASSPORT AST IN
By: Mikkel Thorup
C D N © 2023
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T O C
ABLE F ONTENTS
WHAT IS IMMIGRATION AND WHY DO PEOPLE IMMIGRATE 7
IS A NEW PASSPORT FOR YOU? 8
WHAT IS CITIZENSHIP BY INVESTMENT 9
WHY CITIZENSHIP BY INVESTMENT? 10
DOMINICA - HOW TO GET A SECOND PASSPORT 11
Why Dominica CBI Program? 11
What Happens In Dominica When You Buy Your Citizenship? 12
Applying For Citizenship By Investment Of Dominica 12
How To Get A Second Passport In Dominica 12
Requirements For Dominica Citizenship By Investment Program 14
Tax Considerations 14
Your Passport For Life 15
ST. LUCIA - HOW TO GET A SECOND PASSPORT 16
St. Lucia Passport 17
Benefits Of Having A St. Lucia Passport 17
What Happens In St. Lucia When You Buy Your Citizenship? 18
Requirement of Documents 19
Translation of Documents 19
Certification Of Documents 19
Including Family 19
Application Processing Time 20
Requirements For St. Lucia Citizenship by Investment Program 20
Tax Considerations 21
TURKEY - HOW TO GET A SECOND PASSPORT 22
Benefits Of Turkey Citizenship By Investment 23
Tax Implications Of Turkish Citizenship 24
Eligibility Requirements 24
About Turkey 24
How Does Turkey Citizenship By Investment Compare To Other Golden Visas 25
MALTA - HOW TO GET A SECOND PASSPORT 27
Benefits Of Maltese Citizenship 27
How It Works 28
Tax Implications Of Maltese Citizenship 29
What Is Malta Like 29
CAMBODIA - HOW TO GET A SECOND PASSPORT 30
Cambodian ‘My Second Home Program’ 31
Benefits Of Cambodian Citizenship 33
Tax Implications Of Cambodian Citizenship 33
VANUATU - HOW TO GET A SECOND PASSPORT 34
Vanuatu Development Support Program 35
Tax Implications Of Vanuatuan Citizenship 36
Application Process 36
Benefits Of Vanuatu Citizenship 36
An Uncertain Future 37
ST. KITTS & NEVIS - HOW TO GET A SECOND PASSPORT 38
Why A St. Kitts And Nevis Passport 39
Who Invests In CBI Programs? 39
The Benefits Of Having A Passport From St. Kitts And Nevis 39
What Happens In St. Kitts And Nevis When You Buy Your Citizenship? 40
Investment Options 41
Sustainable Growth Fund 41
Real Estate Investment 41
Alternative Investment Option 41
Translation Of Documents 42
Certification Of Documents 43
Application Processing Time 43
Requirements For St. Kitts And Nevis Citizenship By Investment Program 43
ANTIGUA & BARBUDA - HOW TO GET A SECOND PASSPORT 45
Antigua And Barbuda 45
Why Antigua And Barbuda 46
Antigua And Barbuda Passport 46
What Are The Benefits Of Having A Passport From Antigua & Barbuda 46
What Happens In Antigua And Barbuda When You Buy Your Citizenship? 47
Requirement Of Documents 48
Including Family 48
Admission Requirements 48
Application Process 49
Requirements For Antigua And Barbuda’s Citizenship By Investment Program 49
GRENADA - HOW TO GET A SECOND PASSPORT 51
Grenada 51
Grenada Passport 52
The Benefits Of Having A Passport From Grenada 52
What Happens In Grenada When You Buy Your Citizenship? 53
Citizenship Requirement And Eligibility 53
Application Processing Time 53
Grenada Citizenship By Investment Program 53
National Transformation Fund (Ntf) 54
Translation And Certification Of Documents 55
Tax Considerations 55
MIKKEL THORUP 56
WHAT IS IMMIGRATION AND
WHY DO PEOPLE IMMIGRATE
For the newbie to the world of Immigration, you may be wondering what is a Second
Residency, a Second Passport or Citizenship by Investment, let’s first start off with what
is immigration?
Immigration is moving from one country to another to live or travelling to a country for
the purpose of obtaining a permanent residence there.
Some of you may be thinking of your ancestors leaving Ireland, Italy and Germany early
in the 20th century. Leaving behind their old home for a new home, one that they hoped
would be better to raise a family, a better life without famines and fewer hardships.
Families got on a boat and crossed the Atlantic Ocean to arrive on the shores of the
United States of America to become American citizens. They left behind everything they
knew and understood, a language they spoke, for a new country and a new life abroad.
Immigrants on an ocean steamer passing the Statue of Liberty, New York City, 1887
Today, it’s really no different. People leave their home country, fly to a new country and
become citizens of this new country.
Simple enough, right? Wrong!
Today, countries have strict rules they enforce for people that want to come and live on
their soil and call themselves citizens.
There are 2 concepts here to understand.
1. Residency
2. Citizenship
They are both different, they are not interchangeable; however, when you become a
citizen, you can also become a resident.
So, you have a small definition of what Immigration is, but how does it work today?
First, you must always have a country you call home. You must be a citizen of a country,
you cannot decide you don’t want to have a home country, you just want to travel
around the globe and not call any one country home.
The law does not allow this.
You must first find a country that will allow you to become a citizen, fill out the
appropriate paperwork, adhere to the new rules of the country you’ve chosen, pay the
fees or buy what is necessary by the laws set out by this new country, and then you can
renounce your citizenship, if you chose, of your home country.
There are many countries around the world that will not allow you to have more than
one citizenship, while other countries don’t care how many you have. Others ask you to
renounce your citizenship but don’t follow up, so in fact, you can have more than one
citizenship.
This can take a few months or several years, depending on the country and the
process.
Okay, now that you understand what Immigration is, where do you go from here? Why
are you interested in this subject?
IS A NEW PASSPORT FOR YOU?
Are you a high-net-worth individual?
Are you concerned about your well-being or your family’s wealth in the country where
you currently live in? Are taxes crazy high where you live? Or are you fearful the
government might come along and take everything you own because you gave a
donation to GoFundMe?
For most of my clients, all 3 of these boxes are ticked. The other thing you might be
fearful of is that your country's rules and regulations don’t align with your belief system?
I see this a lot.
There are other reasons why having a second passport is a really good idea.
You may ask, why can’t I just rely on my current passport and if something happens or
goes wrong, why can’t I just flee to another country of my choice?
As 2020/2021 has shown us, that concept will not work, not now and likely not ever.
Countries closed their borders to non-citizens and non-residents. People travelling the
world during the last 2 years were shipped back home, whether they wanted to go or
not. If you had a passport to the country you were living in at the time, they would have
allowed you to stay.
If you had a second passport, you could choose the country you wanted to live in. You
could legally spend 6 months in 1 country and 6 months in your other country.
When choosing a second passport, we also look at the freedom of the new country,
their tax policies and most importantly, do you want to live there.
WHAT IS CITIZENSHIP BY
INVESTMENT
If you are unfamiliar with this concept, read on, I’m going to discuss what it is, and why
it’s beneficial for you and the country you’ve chosen.
I’m sure you’ll have hundreds of questions, and hopefully, this article on how to get a
second residency or a second passport will answer some of those questions for you.
If you need more questions answered and would like to work one-on-one with me on
any of these crucial concepts, then read the important letter below. From there, you can
fill in an application to become a Private Client HERE.
Citizenship by investment is exactly as it sounds.
You will give your new country of choice either an economic contribution through a
donation to the country in the form of a bond or directly to a fund, or purchase real
estate approved by the government, or, a combination of both. And in return, your new
country will give you a new passport/citizenship.
You may be thinking, why would a country allow someone to become a citizen in
exchange for cash or for purchasing real estate? Well, that’s quite simple. One of the
main reasons is that smaller nations require money to enhance tourism or help with
infrastructure, but how do they do that if no one new is coming to live on their island?
With the money raised, these countries can fund new tourism infrastructure, which helps
increase capital and bring wealth into the country.
The process is complex and involves due diligence at various levels.
WHY CITIZENSHIP BY INVESTMENT?
The best answer really is time. Reducing your tax bill is vitally important if you are a
high-net-worth individual. The longer it takes you in the process, the more tax you will
be liable for. It’s a valid and powerful concept, so if you want to protect your wealth, I
would advise you to call me now, and we can talk about your options. You can have a
new passport in hand in as little as 60 days using a country utilizing a fast track or as
long as many months, depending on the bureaucracy of the country.
Another benefit of citizenship by investment is that your initial passport may not be a
particularly helpful travel document. If you can purchase a passport that is a more
favourable travel document, why would you not choose this route?
Let’s talk about some of the countries that offer citizenship by investment.
DOMINICA - HOW TO GET A
SECOND PASSPORT
Imagine your new life, having a second passport to one of the most beautiful islands in
the world and being able to travel visa-free to possibly dozens of new countries around
the globe and ensuring your Plan B is in place.
Dominica’s nickname is ‘The Nature Isle of the Caribbean’ because almost the entire
country is forested. Its national park, Morne Trois Pitons rainforest, is designated as a
UNESCO World Heritage site. Dominica is a small Caribbean Island nation, nestled
between Martinique and Guadeloupe and is one of the most beautiful islands in the
Caribbean.
Dominica attracts hundreds of thousands of tourists a year, with many who want to live
on the island permanently.
In 1993, Dominica legally established their Citizenship by Investment (CBI) Program to
allow individuals and families to work and set up a business in the country. They have
one of the world’s longest-running CBI programs, and as a former British colony and a
