Video Briefing

Goodlife Investor: 6 Plan B Citizenships & Second Passports for 2024 (Non LATIN, Non European, Non Western Options)

Dec 24, 2023Video Briefing8:20Watch on YouTube

Living in a region that feels unsafe or politically unstable can prompt people who already hold U.S. and EU passports to seek additional citizenships that offer geographic diversification and a backup plan. Below is a concise overview of six mainland countries that provide relatively accessible pathways to citizenship, focusing on investment requirements, processing times, and key considerations.

1. Cambodia

  • Two routes
    1. CM2 Category (5‑year visa) – Purchase property worth US $100,000 and hold it for five years; citizenship can be applied for after the period.
    2. Direct citizenship purchase – Either donate US $250,000 or invest US $305,000 in a government‑approved project (often a property purchase). Citizenship is granted immediately.
  • Notes – Cambodia is one of the few Asian states that permits dual citizenship. The property‑based route resembles Portugal’s Golden Visa but with a shorter timeline.

2. Egypt

  • Investment option – Acquire real‑estate valued at US $300,000 (e.g., two condos at US $150,000 each).
  • Processing time – Citizenship can be issued within 3–6 months.
  • Notes – The program is relatively new and marketed as affordable compared with many other citizenship‑by‑investment schemes.

3. Turkey

  • Typical pathways
    • Property investment – Minimum US $400,000 (some sources cite US $500,000).
    • Bank deposit – Same amount held in a Turkish bank, though capital controls may affect later withdrawals.
  • Cautions – Turkey is on the FATF “gray list,” which could complicate international banking and travel for investors.

4. Jordan

  • Investment thresholds
    • Deposit – Around US $750,000; a more secure option is a US $1 million bank deposit combined with structured investments.
  • Notes – The process is less publicized, and applicants should be prepared for thorough due‑diligence checks.

5. Mauritius (Africa)

  • Program highlights – Offers a “strong” passport with relatively low geopolitical risk.
  • Investment requirement – Specific figures were not detailed in the source, but the scheme is positioned as affordable for many applicants.
  • Strategic value – Mauritius maintains a neutral stance in global conflicts, making it a potential safe haven.

6. Armenia

  • Residency‑to‑citizenship model
    • Start a business – No minimum net‑worth requirement; simply establish and operate a company for 3 years.
    • Citizenship eligibility – After three years of continuous residence and demonstrated business activity, applicants may apply for citizenship.
  • Flexibility – No prescribed minimum stay each year, but applicants should maintain a genuine connection to the country (e.g., a local address, business operations).
  • Access – While the Armenian passport does not provide the same visa‑free travel breadth as some other options, it offers a viable Plan B and can be paired with other residencies.

Practical Considerations

  • Dual‑citizenship acceptance – All six countries permit holding multiple passports, but each may have its own disclosure requirements.
  • Residency vs. citizenship – Some jurisdictions (e.g., Armenia) allow a residency period that can later be converted to citizenship, offering a lower‑cost entry point.
  • Financial risk – Real‑estate investments can be illiquid; ensure the property market in the target country is stable.
  • Regulatory environment – Nations on international watchlists (e.g., Turkey) may expose investors to banking restrictions or heightened scrutiny.
  • Strategic pairing – When traveling, some countries prioritize the passport used for entry; maintaining a “last used” passport that aligns with the destination can simplify border procedures.

Decision Checklist

  • Budget – Determine the maximum amount you can allocate to an investment without compromising liquidity.
  • Timeline – If rapid citizenship is essential, Egypt (3–6 months) and direct Cambodian routes are the quickest.
  • Geopolitical stability – Consider the country’s regional security and its stance in global conflicts.
  • Travel freedom – Evaluate the visa‑free access of each passport relative to your personal and business travel needs.
  • Long‑term residency plans – Some programs require physical presence or ongoing business activity; assess whether you can meet these obligations.

By comparing investment thresholds, processing times, and geopolitical factors, individuals can select one or more of these six citizenship options to diversify their personal security and maintain global mobility in uncertain times.