6 countries that offer affordable citizenship by investment programs

• Citizenship by investment allows wealthy individuals to acquire additional citizenships through significant investment
• CBI programs are used by countries to attract foreign capital and boost economic growth
• Acquiring citizenship in these countries offers visa-free travel and numerous benefits for businessmen

Henley & Partners notes that more than ever before, wealthy individuals are opting for second citizenship as the most effective way to access previously unimagined opportunities. Over 100 countries in the world have some form of investment migration legislation in place.

Countries are turning to CBI programs to lure foreign capital and boost economic growth. However, the success of CBI programs hinges on countries' ability to implement them with utmost transparency and accountability, ensuring equal distribution of benefits among citizens.

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This is critical as CBI programs have been linked to money laundering concerns, underscoring the need for stringent regulations and monitoring to prevent illicit activities

Acquiring citizenship in most of these countries affords the individual an opportunity to travel the world visa free. This is one of the pleasures of having a dual visa especially for the Caribbean passports which offer 140+ visa-free destinations, and EU passports that open travel without visas to 160+ countries.

Additionally, acquiring a second citizenship offers businessmen numerous benefits, including the ability to invest in foreign real estate, establish an overseas bank account, and maintain a financial safety net abroad, providing a secure fallback option.

According to Henley and Partners, below are the details of the cheapest countries that offer citizenship by investment programs.