The Ultimate Trifecta Passport Portfolio for Global Citizens
In an era of borderless possibilities, the strategic acquisition of passports stands as a key gateway to an interconnected world. In such uncertain times, building a strong passport portfolio has become a necessity for who wish to maintain and enhance their global mobility.
In this article, we delve into how securing citizenship in specific countries can unlock access to entire regions. This strategic approach can enhance your global mobility on a massive scale, granting visa-free travel to the vast majority of the world’s countries and significantly expanding your residency rights throughout the globe.
More specifically, our focus lies on three distinct global regions— South America’s trade bloc MERCOSUR, the European Union, and the CARICOM community.
We will first take a closer look at the benefits of acquiring citizenship in each region. Followed by an analysis of 3 passports, one in each region to provide a comprehensive example of how building a portfolio of passports can provide large-scale residency opportunities across the globe, without borders.
The countries that we have chosen as examples for application of this strategy are Portugal, Argentina and Grenada. Each of the 3 countries permits individuals to two passports or more without limitations. Therefore, pursuing naturalisation in these 3 countries is a viable diversification strategy. However, this is just an example and the same tactic can be applied by picking other countries in these specific regions which permit their nationals to hold multiple citizenships.
Passport Portfolio Asset 1: Securing A Tier 1 Passport in the EU
Acquiring an EU passport provides a multitude of advantages, including unparalleled freedom of movement in Europe across the 27 member nations. Holders can live, work, or pursue education anywhere within the EU, accessing top-tier healthcare and high quality education systems.
Beyond residency rights, individuals and their dependent family members will benefit from employment opportunities in a vast job market, enjoying equal rights and social benefits as citizens of an EU country. EU passports also grant visa-free travel to numerous countries globally, fostering ease of access and facilitating international business ventures. Additionally, residing in the EU can offer political stability, human rights protection
, and access to the region’s stable economic environment.
When it comes to securing European residency, citizenship by investment emerges as a premier option. Malta’s exclusive direct citizenship by investment program provides the fastest pathway to citizenship (within 12-18 months). However, it comes with substantial expenses, often exceeding €1 million in total required investment. In contrast, Portugal’s Golden Visa stands out as a more cost-effective alternative.
Portugal’s Golden Visa program provides a 5 year pathway to Portuguese Citizenship and investors are required to spend just 7-days per year in the country. This means that investors can live in their home country yet work their way towards Portuguese nationality.
Additionally, Portugal boasts a diverse range of alternative residency programs catering to retirees, highly skilled professionals, entrepreneurs, and digital nomads making the country an attractive option for many foreign nationals seeking residency in Europe. However, outside of the Golden Visa program residents will be required to spend a minimum of 6-8 months per year living in Portugal to maintain residency and stay on track for citizenship eligibility.
The Portuguese passport unlocks a world of opportunities across granting residency in all 27 EU member nations, providing a foothold in bustling economic centres. Portugal’s passport holders are granted visa-free travel to over 180 countries, including popular destinations such as the United States, Canada, South Korea and Japan.
Passport Portfolio Asset 2: MERCOSUR Passports, an insurance policy for escalating global conflicts
Acquiring residency in MERCOSUR countries offers numerous advantages. South America stands out for its efficient citizenship pathways, with countries like Brazil, Argentina, and Chile hosting some of the globe’s most robust and importantly most neutral passports.
While the northern parts of South America experience higher levels of instability and safety concerns, the southern parts of South America, generally boast safer and more stable living conditions. Infact, countries like Uruguay, Chile and Paraguay are considerably safer than some large American cities. While Argentina and the Southern State of Santa Catarina in Brazil offer similar levels of safety to the US.
South America experiences far fewer large-scale conflicts between its countries compared to most parts of the world. The continent generally demonstrates less of an appetite for war and these nations both historically and in the present day are seen as a refuge from the ongoing international instability and global conflicts.
With strong family values and a welcoming populace, South America can provide respite from global challenges, hence the reason the continent is increasingly attracting individuals seeking a secure environment away from the rest of the world’s problems. The number of US passport holders seeking second residencies and citizenships in South America has increased significantly since the pandemic.
Becoming a citizen of one MERCOSUR country provides the right to live across the entire bloc, enhancing the benefits and opportunities available across these nations.
Now to put things into context a MERCOSUR passport from Argentina for example provides visa-free access to a total of 170 countries placing it in the world top 20 most powerful passports.
Argentina also offers the fastest pathway to naturalisation in the world. Residents who live in the country for just two years are entitled to apply for citizenship, and those born in the country can automatically acquire citizenship through birthright—parents can also apply. Citizenship in Argentina bestows residency rights across Brazil, Paraguay, Uruguay, Chile and Venezuela, serving as a gateway to a dynamic region ripe with business prospects and cultural richness.
Passport Portfolio Asset 3: CARICOM, Citizenship By Investment in the tax friendly Caribbean Islands
Completing this triumvirate passport portfolio, a CARICOM passport.
The Caribbean Community (CARICOM) embodies 20 member nations, uniting serene tropical paradises, collective wealth of natural resources and economic potential.
As a citizen of one of these countries, you will gain the freedom to live in any other member country. Among the CARICOM community there are five idyllic island nations that offer citizenship by investment programs, providing an opportunity to acquire citizenship through investment in real estate or donations.
Citizenship in a CARICOM nation like Grenada for example offers a multitude of benefits. With visa-free access to numerous countries, including China and the UK, Grenadian citizenship provides global mobility, enabling travel across continents without the hassle of visas. The ability to invest in a growing economy, particularly through Grenada’s citizenship by investment program, opens doors to lucrative business opportunities. Furthermore, holders of Grenadian citizenship can enjoy a peaceful lifestyle in the Caribbean, with access to world-class healthcare and quality education systems. The prospect of a second passport from Grenada grants individuals and their families security, stability, and broader horizons in an increasingly interconnected world. Not only that but Grenada offers a tax friendly environment. Citizens do not need to have to pay capital gains tax, inheritance tax, or global income tax.
What sets Grenada apart is its E2 treaty with the USA, facilitating residents to potentially live and work in the United States. This blend of global access, business prospects, and the future potential for US residency makes Grenadian citizenship a highly sought-after asset.
3 Passports, Visa-free access to 190 countries and the right to live in 44 countries
This tri-citizenship fusion represents a blueprint for global mobility, unlocking access and opportunities across 3 continents.
Holding passports from Argentina, Portugal, and Grenada which each allow multiple citizenships, grant individuals a combined access to approximately 190 countries worldwide either visa-free or through visa-on-arrival arrangements. This broad access spans across diverse continents, encompassing countries in Europe, the Americas, portions of Asia, and numerous other regions across the globe.
However, what is truly impressive is that by holding a passport portfolio that includes an EU, MERCOSUR and CARICOM passport by leveraging bilateral agreements, one could secure the privilege to reside in a mindblowing 44 countries. This triad exemplifies the power of global citizenship, transcending boundaries and opening avenues to diverse lifestyles and economic landscapes.
Furthermore, the E2 Investor Visa treaties, accessible via certain MERCOSUR and CARICOM countries, present prospects for residence and work in the United States—an additional layer of opportunity within this tri-citizenship framework.
The amalgamation of these strategic passports isn’t just about legal rights; it’s a strategic manoeuvre embodying adaptability, foresight, and a borderless mindset. It’s an invitation to embrace a world without barriers, enabling individuals to navigate seamlessly across continents, cultures, and opportunities.
How can I build my passport portfolio and how much will it cost?
As highlighted in this article there are multiple pathways to citizenship throughout Europe, Latin America and The Caribbean.
At Lincoln Global Partners we assist our international clientele to build up a high quality passport portfolio, acquire second residencies and enhance their global mobility and international diversification strategies.
Our international immigration consultancy firm specialises in residency and citizenship programs in many different countries throughout Europe, The Caribbean and Latin America and we can assist you to acquire a second passport in the following countries:
EU Citizenship Pathways
Malta offers Europe’s only direct pathway to citizenship in Europe via the Citizenship By Naturalisation via Direct Investment program. Investors are required to make a donation to the government of 750,000 EUR plus 50,000 EUR in government fees, an investment into property and a compulsory donation of 10,000 EUR to a Maltese registered NGO.
The process takes around 6 months to acquire residency followed by a 12 month pre-residency period before acquiring citizenship and a Maltese passport.
Portugal Portugal’s Golden Visa program provides a 5-year pathway to citizenship without the need to live in the country. Investors are required to invest at least 500,000 EUR into a local Portuguese Investment Fund, make a contribution to scientific research or culture or alternatively create at least 10 jobs in Portugal. Alternatively, foreigners that acquire residency in Portugal through alternative residency programs can apply for citizenship after 5 years of living in the country.
Other options: Lincoln Global Partners can assist clients to acquire residency throughout Europe such as Greece, Latvia, Hungary and Spain. Citizenship eligibility varies from country to country, but generally requires one to live in the country between 7-10 years and learn the local language.
Latin America Pathways to Citizenship
Argentina has the world’s fastest pathway to naturalisation in just 2 years. Foreign nationals have the option to set up and invest into a business in the country or to apply for residency via economic means. The economic means program requires one to earn at least $2,000 USD in passive income per annum.
Paraguay offers one of the world’s cheapest residency by investment programs. Investors who set up a Paraguayan company and invest at least $70,000 USD into their company can apply for permanent residency. After 3 years of eligibility one can apply for citizenship. Paraguay also offers temporary residency via economic solvency for nationals with visa-free access to Paraguay. No investment is required.
Brazil Latin America’s (and in this author’s opinion the world’s) most vibrant country offers residency for both investors and retirees. Brazil’s very own golden visa program requires that one invests at least 1,000,000 Brazilian Reals into local real estate (approx. $200,000 USD), reduced to 700,000 R in the North East of the country (approx. $140,000 USD) or set up a local business and invests 500,000 Brazilian Reals (approx. $100,000 USD) into their business. Permanent residents in Brazil can apply for citizenship after 4 years, which can be reduced to as little as one under special circumstances. Brazil’s passport is one of the strongest in the entire Americas.
Mexico Retirees and Digital Nomads earning at least $3,500 USD per month can benefit from Mexico’s attractive Economic Means program while real estate investors who purchase at least $500,000 USD in the country can also apply for residency. Many US citizens are moving south to Mexico for its laid back way of life and comparatively low cost of living.
Caribbean Citizenship By Investment Programs:
All of the Caribbeans CBI programs provide citizenship in a country with visa-free access to the UK and Schengen area, excluding Dominica which only offers the latter. Note that pricing varies depending on the number of dependents included on one’s application.
Grenada Grenada’s premium Caribbean Citizenship By Investment program requires an investment of $150,000 USD to the National Transformation Fund or a real estate investment of $220,000 USD into a government approved project. Grenada is the only Caribbean CBI country with an E2 treaty with the USA. There are a number of hotel investment opportunities available in Grenada under the program including international brands such as the intercontinental.
St. Lucia The Caribbeans most cost-effective program for single applicants requires a government contribution of just $100,000 USD while real estate investors are required to invest $200,000 USD.
St. Kitts & Nevis St. Kitts & Nevis recently increased their pricing. Donations start from $250,000 USD, while the minimum investment into real estate is $400,000 USD.
Antigua & Barbuda The best option for large families. Antigua & Barbuda donation stands at just $100,000 USD (plus an additional $30k processing fees) for a family of up to 4 applicants or $150,000 USD for a family of up to 6 applicants. Antigua and Barbuda also has some very attractive real estate investment opportunities such as the Gardens and Moongate Suites starting from $200,000 USD.
Dominica Despite losing visa-free access to the UK, Dominica’s Citizenship By Investment program remains popular. Dominica is the only other country besides Grenada with visa-free access to China. The minimum donation is $100,000 USD for a single applicant, while the real estate investment minimum stands at $200,000 USD. Dominica’s 6-star resort ‘Secret Bay’ remains a particularly attractive investment.
The Ultimate Passport Portfolio – List of Countries you can live in with a MERCOSUR, EU and CARICOM passport.
To finish off, below is an expanded list of countries where an individual holding this 3 assets within their passport portfolio could legally live and work.
Portugal (EU): Access to reside and work in all 27 European Union member countries, including: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
Argentina (MERCOSUR): Residency rights in MERCOSUR member countries: Argentina, Brazil, Paraguay, Uruguay, Venezuela.
Grenada (CARICOM): Residency rights in CARICOM member countries: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago.
Potential Access via E2 Treaty (USA): While not direct residency rights, the E2 Investor Visa treaty with Argentina and Grenada provides a pathway to residency for those that set up and invest in a business in the USA. Additionally, holding a Caribbean passports can also make it easier to acquire longer term tourist and business visas both in the USA and Canada.