Citizenship through investment has provided holders of limited passports with the opportunity to transform their constraints into a master key, unlocking the world through global mobility and enhanced privileges. Iraqi citizens are well aware of the challenges they face due to the limitations of their passports, as the Iraqi passport allows visa-free access to no more than 30 destinations worldwide, according to the Reach Immigration Passport Index.
For this reason, Iraqi citizens are looking towards investment as a means to obtain secondary passports. In this article, you will learn about the most important passports that can be acquired through investment.
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Citizenship by investment programs
Despite the misconception that Iraqi citizens lack options when it comes to obtaining a second passport, this is far from the truth. Iraqi citizens and their eligible family members qualify for various citizenship by investment programs, among the prominent ones are:
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Caribbean Countries
Investing in Caribbean citizenship programs for obtaining a second passport is a common choice among investors and businessmen in Iraq who aspire to expand their business operations and gain global mobility. The Caribbean programs are known for their relatively quick and straightforward procedures. Some of these programs include:
- Saint Lucia citizenship by investment program
The cost of the Saint Lucia investment program starts from $100,000 USD.
- Grenada citizenship by investment program
The cost of the Grenada investment program starts from $150,000 USD.
- Antigua and Barbuda citizenship by investment program
The cost of the Antigua and Barbuda program starts from $100,000 USD.
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Turkey
The Turkish citizenship by investment program provides an opportunity for investors and their eligible family members to obtain citizenship and a second passport in a short period, through real estate investment starting from $400,000 USD.
One of the advantages of the Turkish citizenship by investment program is that Turkish passport holders can travel visa-free to 113 destinations worldwide. This offers Iraqi businessmen and investors participating in this program the freedom to travel and expand their business globally.
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Residency programs ending with citizenship by investment
There are residency programs through investment that qualify individuals, after a certain period of obtaining residency, to apply for citizenship. Among these programs are:
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Cyprus
The residency program in Cyprus through real estate investment is one of the distinctive programs, providing European residency for all eligible family members at a cost starting from €150,000 EUR. After obtaining residency in Cyprus, you can apply for citizenship and a Cyprus passport after a specific period and according to certain conditions.
The Cypriot passport allows holders the freedom to travel and access 178 international destinations without a visa. This presents a significant opportunity for investors to expand their business operations and benefit from various advantages.
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Greece
The residency program in Greece through real estate investment – the Golden Visa program is another distinctive program. This program offers investors and their eligible family members the opportunity to obtain permanent residency in Greece at a cost starting from €250,000 EUR. After obtaining residency in Greece, you can apply for citizenship and a Greek passport after a specific period and according to certain conditions.
According to the Reach Immigration Passport Index, the Greek passport allows holders the freedom to travel and access 187 international destinations without a visa. This provides a great opportunity for investors to expand their business operations and benefit from various advantages.
If you are interested in obtaining a second passport, you can contact us to book a free consultation by clicking on the link here.
