Most people get a passport at birth, but for the world 's super rich there's another way.


How to Buy a Passport
Most people get a passport at birth, but for the world 's super rich there's another way.
It's the $ 7 billion global market
where you can buy your way in to some of the poorest and wealthiest countries in the world.
For a price.
But why would you want to?
Because passports are n't created equal.
An Afghan can travel to 25 countries without a visa compared to 177 for a German.
If you have a weak passport, buying another can be a ticket to easy travel, easy business, or easy taxes.
Economic uncertainty, conflict and government crackdowns also concern the wealthy.
For them, a second passport isn't just a travel accessory, it's an escape pod.
Each country offers different perks and prices.
So, let's do some shopping around.
The first type of scheme is simple.
You invest in a country and in return you get citizenship and a passport.
It all began in the 80s with the Caribbean nation of Saint Kitts and Nevis.
The government needed something to replace the dying sugar industry,
and they hit on selling passports.
Today it's their biggest export, costing you a $ 250, 000 donation or a $ 400, 000 real estate investment.
Copycat schemes soon sprang up in other island nations like Dominica,
which will mail you a passport for $ 100, 000 without you even setting foot there.
But, if that's out of your price range you only need $ 45, 000 to buy a passport from Comoros.
This African nation began their program after being approached by officials from Kuwait.
The Arabian Gulf has populations of state less people,
tribes which were never officially registered and live without passports.
Instead of giving them citizenship and the generous oil funded benefits that come with it,
officials struck a deal with Comoros to buy passports in bulk.
But for the truly wealthy, the Holy Grail is a passport that lets you live and work anywhere in the EU.
But these don't come cheap.
Malta requires a $ 1. 15 million euro investment.
And Cyprus asks for a cool $ 2 million.
Not to be outdone, the Austrian s charge up to $ 10 million euros.
Now, most wealthy nations have a different type of scheme where investments grant instant residency.
More like buying a Green Card than buying a passport.
But these so-called Golden Visas still grant a fast track to citizenship,
waiving many of the usual requirements.
The market for Golden Visas dwarfs the one for passports and it 's growing fast,
with half of all programs only a decade old.
The Chinese alone spent $ 24 billion on Golden Visas in the last decade,
$ 7. 7 billion of that in the United States.
In 2014, 9, 128 of the 10, 000 applicants to the American EB-5 visa scheme were Chinese,
investing $ 500, 000 to get a Green Card.
Originally designed for investments in poor neighborhoods,
the scheme has become a huge funding source for luxury developments.
President Trump 's first major law quietly renewed this scheme.
Kushner companies part owned by Trump 's son - in-law uses EB-5 funds in their projects.
Over the past decade, 35, 000 Chinese investors picked up Canadian visas at $ 800, 000 a pop,
although since 2014 the scheme has been limited to Quebec.
The price of a Golden Visa in the UK is a 2 million pound investment,
and it 's been so popular there are hardly any inbred aristocrats left on the country 's rich lists.
Most countries require you to reside there to become citizens, but not all.
For $ 500, 000 euros you only need to spend two weeks a year in Portugal,
and after six you are eligible for full nationality and a passport.
One politician described it as the sale of citizenship by installment.
But if you're rich enough even those rules don't apply.
Billionaire Peter Thiel became a New Zealander after spending just 12 days there instead of the required 1, 350.
All over the world walls are being built and borders are becoming tougher to cross.
But politicians have quietly left a back door open for the wealthy.
The question is, should citizenship be for sale?
Most people get a passport at birth, but for the world 's super rich there's another way.
at
for
a
the
get
way
but
people
's
there's
another
passport
Most
world
super
rich
birth
It's the $ 7 billion global market
It's
the
billion
market
global
where you can buy your way in to some of the poorest and wealthiest countries in the world.
and
you
in
the
your
to
can
of
some
way
buy
world
where
countries
poorest
wealthiest
For a price.
a
For
price
But why would you want to?
you
to
want
But
would
why
Because passports are n't created equal.
are
n't
Because
created
equal
passports
An Afghan can travel to 25 countries without a visa compared to 177 for a German.
for
a
to
can
travel
An
German
without
compared
countries
Afghan
visa
If you have a weak passport, buying another can be a ticket to easy travel, easy business, or easy taxes.
be
you
a
to
can
have
or
travel
weak
easy
another
If
passport
business
buying
ticket
taxes
Economic uncertainty, conflict and government crackdowns also concern the wealthy.
and
the
also
wealthy
government
conflict
uncertainty
concern
Economic
crackdowns
For them, a second passport isn't just a travel accessory, it's an escape pod.
a
it's
an
For
travel
them
second
just
isn't
passport
accessory
escape pod
Each country offers different perks and prices.
and
country
different
Each
offers
prices
perks
So, let's do some shopping around.
let's
do
some
shopping
around
So
The first type of scheme is simple.
is
The
of
type
first
simple
scheme
You invest in a country and in return you get citizenship and a passport.
and
you
a
in
get
You
country
passport
return
invest
citizenship
It all began in the 80s with the Caribbean nation of Saint Kitts and Nevis.
with
in
the
all
of
It
began
nation
Caribbean
80s
Saint Kitts and Nevis
The government needed something to replace the dying sugar industry,
sugar
The
the
to
needed
something
replace
dying
industry
government
and they hit on selling passports.
and
on
they
hit
selling
passports
Today it's their biggest export, costing you a $ 250, 000 donation or a $ 400, 000 real estate investment.
you
a
it's
or
Today
their
biggest
costing
donation
real estate
investment
export
Copycat schemes soon sprang up in other island nations like Dominica,
like
in
up
island
soon
other
nations
Dominica
Copycat
schemes
sprang
which will mail you a passport for $ 100, 000 without you even setting foot there.
foot
you
for
a
will
there
setting
passport
which
even
without
But, if that's out of your price range you only need $ 45, 000 to buy a passport from Comoros.
you
a
your
to
need
of
out
But
from
that's
if
passport
buy
only
range
price
Comoros
This African nation began their program after being approached by officials from Kuwait.
This
from
after
by
their
being
began
approached
program
nation
African
officials
Kuwait
The Arabian Gulf has populations of state less people,
The
of
has
people
less
state
Gulf
populations
Arabian
tribes which were never officially registered and live without passports.
and
never
live
which
were
without
officially
tribes
registered
passports
Instead of giving them citizenship and the generous oil funded benefits that come with it,
and
with
the
that
it
come
them
oil
giving
generous
benefits
Instead of
funded
citizenship
officials struck a deal with Comoros to buy passports in bulk.
with
a
to
buy
deal
in bulk
struck
officials
passports
Comoros
But for the truly wealthy, the Holy Grail is a passport that lets you live and work anywhere in the EU.
is
and
you
for
a
in
the
that
But
work
live
passport
anywhere
truly
wealthy
lets
EU
Holy Grail
But these don't come cheap.
don't
But
come
these
cheap
Malta requires a $ 1. 15 million euro investment.
a
million
requires
investment
Malta
euro
And Cyprus asks for a cool $ 2 million.
for
a
And
cool
million
asks
Cyprus
Not to be outdone, the Austrian s charge up to $ 10 million euros.
be
the
to
Not
up
s
charge
million
Austrian
euros
outdone
Now, most wealthy nations have a different type of scheme where investments grant instant residency.
a
have
of
Now
type
different
most
where
instant
wealthy
grant
nations
investments
residency
scheme
More like buying a Green Card than buying a passport.
like
a
More
passport
than
buying
Green Card
But these so-called Golden Visas still grant a fast track to citizenship,
a
to
But
these
still
so-called
grant
Golden
fast track
citizenship
Visas
waiving many of the usual requirements.
many
the
of
usual
requirements
waiving
The market for Golden Visas dwarfs the one for passports and it 's growing fast,
and
for
The
the
it
one
fast
's
growing
market
Golden
passports
Visas
dwarfs
with half of all programs only a decade old.
with
a
all
of
old
only
half
decade
programs
The Chinese alone spent $ 24 billion on Golden Visas in the last decade,
The
in
the
on
Chinese
last
billion
alone
spent
decade
Golden
Visas
$ 7. 7 billion of that in the United States.
in
the
that
of
United States
billion
In 2014, 9, 128 of the 10, 000 applicants to the American EB-5 visa scheme were Chinese,
the
to
of
Chinese
American
In
were
applicants
visa
scheme
EB-5
investing $ 500, 000 to get a Green Card.
a
get
to
investing
Green Card
Originally designed for investments in poor neighborhoods,
for
in
designed
poor
investments
neighborhoods
Originally
the scheme has become a huge funding source for luxury developments.
for
a
the
has
become
huge
luxury
source
developments
funding
scheme
President Trump 's first major law quietly renewed this scheme.
this
's
first
law
quietly
major
President
Trump
renewed
scheme
Kushner companies part owned by Trump 's son - in-law uses EB-5 funds in their projects.
in
son
's
by
their
part
projects
uses
in-law
owned
companies
funds
Trump
EB-5
Kushner
Over the past decade, 35, 000 Chinese investors picked up Canadian visas at $ 800, 000 a pop,
at
a
the
pop
Canadian
Chinese
up
Over
past
picked
decade
investors
visas
although since 2014 the scheme has been limited to Quebec.
the
to
has
since
been
limited
although
Quebec
scheme
The price of a Golden Visa in the UK is a 2 million pound investment,
is
a
The
in
the
of
million
pound
UK
Visa
price
investment
Golden
and it 's been so popular there are hardly any inbred aristocrats left on the country 's rich lists.
and
are
the
on
left
it
so
any
country
there
's
been
popular
rich
lists
hardly
inbred
aristocrats
Most countries require you to reside there to become citizens, but not all.
you
to
all
not
but
there
Most
become
countries
require
citizens
reside
For $ 500, 000 euros you only need to spend two weeks a year in Portugal,
two
you
a
in
to
need
For
Portugal
spend
year
only
weeks
euros
and after six you are eligible for full nationality and a passport.
and
are
you
for
a
full
six
after
passport
eligible
nationality
One politician described it as the sale of citizenship by installment.
One
the
of
it
as
by
sale
described
politician
installment
citizenship
But if you're rich enough even those rules don't apply.
don't
But
enough
you're
those
if
even
rules
rich
apply
Billionaire Peter Thiel became a New Zealander after spending just 12 days there instead of the required 1, 350.
a
the
there
after
just
days
Peter
became
instead of
spending
required
Billionaire
Thiel
New Zealander
All over the world walls are being built and borders are becoming tougher to cross.
and
are
the
to
cross
world
being
built
walls
becoming
All over
borders
tougher
But politicians have quietly left a back door open for the wealthy.
for
a
the
have
left
But
open
quietly
wealthy
politicians
back door
The question is, should citizenship be for sale?
is
be
should
The
question
for sale
citizenship
Todaii Englishはウェブサイトです 英語ニュースの学習と読解のための 辞書、練習、模擬試験などの他の機能も統合しています...
https://todaiinews.com
todai.easylife@gmail.com
(+84) 865 924 966
315 Trường Chinh, Khương Mai, Thanh Xuân, Hà Nội