The market for second citizenship by investment programs by the end of 2024 has become more complex, and definitely more expensive. Relatively speaking, the average sum spent on obtaining second citizenship has grown significantly compared to all the years before. Perhaps this happened because the programs themselves became more in demand due to various economic and geopolitical reasons.
And this demand has caused increased attention from investors, the countries that founded the programs realized this and decided it was better to process fewer applications, but with higher rates.
In turn, global regulators, such as the United States or the European Union, also paid attention to the popularity of second citizenship and residence permits for investments and literally put pressure on the founders of the programs to complicate the processing and raise the investment bar.
Under pressure from local legislators, real estate options have disappeared from many residence permit for investment programs in Europe or the minimum investment has been increased several times.
At the same time, countries have emerged that did not have their own second citizenship or residence permit programs at all before this year.
They decided to start by accepting those candidates who, in terms of numbers or other parameters, no longer meet the requirements of the Caribbean or European programs.
