The citizenship‑by‑investment program launched in mid‑2021 has, after more than a year, produced no confirmed passport issuances. While a few “approvals in principle” have been reported, no applicant has yet received an actual passport.
Cost structure
- 200 k EUR donation – non‑refundable contribution to the government.
- 20 k EUR processing fee – government‑imposed administrative charge.
- ≈30 k EUR agency fees – fixed fees charged by service providers.
Total outlay: roughly 250 k EUR. The amount is not a loan or investment that is returned; it is a one‑time payment required for eligibility.
Current status
- Program introduced: mid‑2021.
- No passports issued to date; only preliminary approvals have been announced.
- Lack of publicly verifiable success stories makes the program’s reliability uncertain.
Practical considerations
- Risk assessment: The primary risk is the possibility of never receiving the passport despite the full payment.
- Due‑diligence: Prospective applicants should seek documented cases of successful issuance before committing funds.
- Alternative options: Until concrete outcomes are demonstrated, consider other citizenship‑by‑investment schemes with transparent track records.
Recommendation
Given the absence of confirmed passport deliveries after more than a year, the program is not advisable for clients at this stage. Re‑evaluation should occur only after verifiable success stories emerge and the issuing authority provides clear evidence of passport issuance.
