A passport is much more than an official document, a passport is a key to a world full of locks. The stronger the passport, the more doors it can open.
Citizenship by investment has offered holders of limited passports a chance to transform their limitations into a master key, unlocking the world through global mobility and enhanced privileges.
Iraqi nationals are well aware of the challenges they face due to their passport’s limitations, with the Iraqi passport offering visa-free access to no more than 28 destinations worldwide, a mere 12% of available destinations worldwide. It is for that reason precisely why Iraqi nationals look to purchase second passports through citizenship by investment programs.
What is Citizenship By Investment?
Citizenship by investment is a route through which individuals can obtain citizenship of a country through investing in its economy, be it through purchasing government bonds, real estate, by directly donating to government-run development funds, or a hybrid of all of the above.
The investor then obtains citizenship and passports for all of the eligible family members. Countries that offer citizenship by investment do not require applicants to renounce their original citizenship to be eligible for their programs.
Citizenship by investment programs allow individuals along with their family members to get a second passport, and family members that can be included are a spouse, dependent children, parents, parents-in-law, and even dependent siblings depending on the citizenship by investment program of choice.
What Citizenship By Investment Programs Are Iraqi Nationals Eligible For?
Although many assume that Iraqi nationals are short for choices when it comes to getting a second passport, however, that is a great misconception. Iraqi nationals, and their dependent family members, are eligible for many citizenship by investment programs, with the most prominent being:
St. Kitts & Nevis
The beautiful island of St. Kitts & Nevis offers Iraqi nationals the opportunity to obtain a second passport through the purchase of real estate, shares in luxury resorts, or by donating directly to a government development fund.
As the investment amounts start at USD $150,000; many Iraqi nationals choose to obtain a St. Kitts & Nevis passport that will award them with visa-free travel to more than 150 destinations worldwide, a 54% enhancement on their current passport’s visa-free travel capabilities.
The tropical paradise of Dominica offers Iraqi nationals an option to get a second passport for themselves and their family members through a program very similar to that of St. Kitts & Nevis.
Dominica, mostly known for being the filming avenue for Pirates of The Caribbean, is one of the Caribbeans most naturally wondrous jewels. Investors can obtain the citizenship of this charming island nation through many routes, with investing in their top-tier luxury resorts being the most coveted option to obtaining the passport of Dominica.
The Mediterranean Island offers Iraqi nationals the chance to become EU citizens, and enjoy visa-free travel to 176 destinations worldwide, meaning that a Cypriot passport holder can access more than 75% of the world completely visa-free!
The benefits of becoming an EU citizen are too bountiful to mention, the most important of having access to world-class healthcare, top-tier education, and one of the world’s best living standards.
Iraqi nationals can obtain Cypriot citizenship through purchasing real estate for 2 million Euro, and donating Euro 200,000 into the Cypriot economy.
A fan-favorite in Iraq, Turkish citizenship by investment program awards those who purchase real estate valued at $250,000 within Turkey with citizenship and passports for the investor and their family members.
Proving great value for money, Turkey’s citizenship by investment program has been extremely popular in Iraq, with Iraqi nationals being the largest group of foreigners owning real estate in Turkey, as 17% of all new real estate acquisitions of real estate in Turkey are done by Iraqi nationals.
Other countries such as Antigua & Barbuda, Grenada, and St. Lucia offer citizenship by investment programs similar to St. Kitts & Nevis and Dominica, to which Iraqi nationals are eligible to apply.
Would You Like To Know More?
If you would like to know more about which program is best suited to you, contact Reach Immigration and one of our immigration consultants will help you find the best option for you and your family.