there are two new citizenship buy investment programs coming and they could be some of the most affordable in the market today I'm going to share this breaking news and tell you if you may be a good fit for these two new [Music] citizenships and it's been a while since we've seen an actual new citizenship bu investment program we were recently on the ground in Cairo and we showed you Egypt's newly expanded CBI program but these two programs could be some of the first new programs in a while citizenship by investment is where you make a
donation or make some kind of qualifying investment like approved real estate or even any real estate in the case of a country like turkey and an exchange you get a passport in a matter of months without having to move to the country or pay taxes there you make an investment they give you a passport and so country number one is the Solomon Islands they are now looking for final proposals to roll out a citizenship by investment program is is not final but they've come out and said yes we want to do this they've been talking
about it since 2020 and this is the closest that we've got so the Solomon Islands is in the South Pacific it is to the east of Papa New Guinea it is a little bit Northwest of vanatu which is the only other country in that region and one of about a dozen countries that has citizenship my investment programs I'm going to come back and make an important comparison to vanatu in a minute what's interesting though is if we look at the Visa free travel if you're looking for your first second passport you may want to focus
a bit more on Visa free travel I think it's often overrated but let's say you're an American and Mond day you may not want to be an American or now we're seeing French or Dutch or Germans or Canadians saying I might not want to be my nationality at some point you might want to have a little bit stronger second passport for the first one and then you get to the second third fourth you know plan CDE e FG that's when you look at a weaker passport like uh an Egypt for example and so the mon
islands has kind of a typical visa-free travel plan for a lot of these citizenship buy Investments it's pretty weak in Latin America which is one area where the Caribbean programs have gotten better I got St Lucian citizenship many years ago and because I had a couple other citizenships at the time I basically said hey St Lucia was the most affordable and and reputationally good program and all that that fit in with what I already had but it wasn't as strong in South America the Caribbean programs have gotten better in kind of LA America in general
the silom allance has not what the silom allance does have is the relatively standard uh Visa free access to the shenen area in Europe as well as the UK and Ireland you can go most but not all places in Europe so you're missing Russia for example which number of the Caribbean programs have now belus you know some of the the Balkan countries like Serbia that's one of the tougher countries in Europe to get into sometimes that's been a consideration for clients of ours do you want to look at this just the number of visa-free countries
doesn't make a big difference difference Solomon Islands is one of the several dozen you know best passports in the world you get good travel to Southeast Asia so Malaysia is a pretty open country that's where we host Nomad capitalist live you can come and see our 4-day event with your syum allowance passport and with most passports it's a pretty open country you know Europe and Southeast Asia are kind of the stronger spots here's what the Salomon islands has which I don't think they'll have for long if this proposal goes forward and that's visa-free travel to
Canada through what Canada has the ETA program similar to the US esta and so we've seen in the last decade St kit in neas which has a citizenship program at the Caribbean tax-free country and then Antiga and Barbuda mostly tax-free country when they really pushed citizenship by investment you know Canada came in and said yeah we don't like that so Justin Trudeau the guy everybody in Canada is trying to get away from has said on the record hey these programs you know we're not so sure there's irregularities bottom line is Justin TR doesn't like you
living in his country as a Canadian if you're wealthy they certainly don't like wealthy people who go through stringent background checks as most of these programs have coming in and visiting so I would imagine if this goes through Canada is going to suddenly have an epiphany to the Solomon Islands so I wouldn't take that Visa free Canada I'm sure there'll be plenty of people in the industry oh this is your path to Canada you don't need to go out and get the million dooll you know Malta me program in 18 months you can just if
you want to go to Canada you can get through the Solomon Islands it wasn't very long ago that Canada canceled the somewhat new Visa free access from Mexicans they said hey we're doing this whole trade partnership thing I wanted you guys just come up and visit your country is becoming wealthier you're not going to overstay they canceled Mexico so do not believe anybody in the industry who's going to tell you that you're going to be Visa free traveling uh to Canada as a Solomon Islands National for long but overall uh you've got Visa free access
to well over 100 countries again those primarily the ones that I mentioned you know to me when I'm looking at a second passport like this this is kind of a day regu tier B we call it citizenship by investment passport not the best but not the worst not a bad travel Document to have you're not going to have to get a ton of visas and if you want to go some of these other places I mean you know you might go to Morocco once if you're just going on a holiday it won't be that hard
to get a Visa that's where you want to have a plan you know where do you live you know where are your home bases this is the kind of thing that Nomad capitalist helps our clients with it's not just a matter of getting a passport and looking at a Visa free travel score lots of companies in the industry do that we like to look a lot more holistically at the whole person everyone's using that word holistic these days uh but you know I actually believe in it you want to understand the entire picture of your
residence your citizenship your taxes your Investments everything and that's what you can do with us at nomad.com apply now here's why this may be interesting is the Caribbean countries you had St Lucia you had Dominique $100,000 passports well they got together just very recently and said well you know we're going to double the price we're going to basically plate the European Union even though we're doing very stringent background checks I I've been through it myself I can tell you they really check stuff and you've got to be generally speaking of good character somebody might slip
through the cracks eventually or someone might become a problem after they get the citizenship which Who would know that in any country whether it's naturalization or by investment but they basically raised the price will the Solomon Islands come in with that 100,000 you know 1 XXX price we have to see if they do I imagine there will be interest now the other question will be is next door in vanatu they've had this really number of different programs over the years I was in Van too about seven years ago at this point they asked my opinion
I told them it's confusing you got different programs obviously since then we've seen that the due diligence there was weak and so vanatu lost Visa free access to the UK uh and then it was the shenen area and then I guess Ireland decided to slip in under the radar and so you know Vana watatu passport is good for living in taxfree vanatu it's good for living off the grid it's good for traveling to countries that are not in Europe there's a decent number of countries you can travel to in the emerging world but it's not
what the average Westerner would consider a great passport and that's because those due diligence failures the initial Vibe I'm getting from the Solomon Islands is being more in the camp of more stringent due diligence proper due diligence having quality people come on that's kind of what I've always thought when I see them talking about this over the last couple years but that remains to be seen vanat 2 is tightening things up they are requiring in-person interviews now this process always becomes more expensive it always becomes more intrusive so if you want to get your second
passport that's when you go to nomad.com apply and say I'm just going to do this now and be ready that is the situation in the Solomon Island good passport not the best the price will dictate it let's see how relations with you know Europe go in order to keep that quality passport are they going to entirely follow the Caribbean model have a $200,000 price floor if they do that I don't see the value if they say hey we're going to put an offering out there at a similar price point to vanatu someone in the low
to mid 100,000s and we're going to do more stringent due diligence then I see that being interesting as long as you stay away from people who are going to going to pitch the Canada part to you so that's the first program the second program is one being proposed by a presidential candidate in West Africa Ghana he says should raise $50 billion by selling a $50,000 CBI program where people can get citizenship and he's pitching this to the USA not the United States that you know but the United States of Africa it's an interesting point I'm
going to come back to that in a minute whether this program sees the light of day I'm going to tell you why that could be interesting and how you can use that in a moment but an independent presidential candidate in Ghana has said hey let's let's bring in some cash and let's target people of African ancestry that's kind of hey come back to your home Land by paying $50,000 and getting citizenship now obviously we've helped people get citizenship by descent that's often in European countries sometimes in Caribbean and Latin American countries very very rarely in
Asian countries but it is possible in a handful of cases and that's where you go back through your family tree where did your ancestors come from get that passport they don't charge you a fee other than just the general you know filing fees and anyone like our help so the idea that someone's going to pay $50,000 just to kind of reconnect with their Roots I don't know that that's going to work and all these numbers they throw at $50 billion that's crazy I mean they're not going to sell that many passports okay believe me but
this presidential candidate known as cheddar he's got a 12-point vision for Africa and among that is bringing these people in $50,000 so if we pulled up the Visa free travel map for Ghana I can tell you it's not great now we have seen uh bad follow-through from these mid five figure program six seven years ago Armenia was pitched on having a $50,000 CBI before that I actually went through the comos program was $45,000 and said we'll probably never see a passport program like that again because you have we talked about Asia's citizenship by investment Cambodia
it's more expensive than the Caribbean because of the ability to own land and do business there I'm not sure that we're going to see a $50,000 CBI but that's probably a reasonable price point for a passport where you can basically travel to other places in West Africa as well as in East Africa so there's a handful of Caribbean islands for example you've got NCO aragua Bolivia even Malaysia uh ganes citizens can't come that's one of the most open countries in the world so if you're ghanes and that's your only passport you need a visa to
come to Nomad capitalist live now applying for visas is not always the kiss of death but this is not really going to be a passport that you could rely on to say hey at some point this could be my only working passport what is interesting though when he says the United States of Africa is we've been talking for a couple of years how the African Union is increasingly looking to bring countries of Africa together I saw one country recently that's opened up their visa policy to all African citizens and so if you look at you
know business opportunities as Asia becomes more and more and more middle class Africa is more slowly becoming middle class and so that could be a frontier Market an Emerging Market investment Hub it could also be a place that as you're seeing a lot of the countries in Africa push back on France push back on Western Rule people who want an alternative people who want to say place to go in times of chaos there are some countries that are very livable in Africa and if you have an African passport and the African Union expands over time
that could open up certain residence rights as we have in you know the European Union or as you have in kakom which the Caribbean citizenship programs are part of you have obviously West Africa the ecoas region but then you have the greater African Union and so I think that there's more and more more talk about let's get all of Africa to come together and from an investment point of view and from a contrarian place to be point of view uh in times of Chaos in the Western World I think both of those could be reasons
to look at this now is GH going to actually follow through this program I would put the odds of it relatively low so let's see if a $50,000 program comes out and you have any interest I would just do it you want to understand how does that impact your banking uh how does it impact you know everything that you do you want to have someone take that holistic View at it um but I think a program like that rarely gets introduced and if it is introduced it's not going to last for long what could be
potentially more interesting is the Solomon Islands we'll look at the price point in that but here's the bottom line I mean these programs get more expensive over time we've helped clients for years get these programs it's becoming a little bit more laborious process I think we have the best approach of helping people navigate the paperwork uh avoid a lot of the pitfalls of these programs if you want to learn what we do to help people go to nomad.com apply we'd be happy to help you and if you want to stay up to date with the
latest news that's when you come to Nomad capital so make sure you have a passport you can use uh to get into Malaysia Visa free and you can join us for our 4-day event
