23 Countries where money can buy you a second passport or 'elite residency'

CEOCambodiaNews · Post by **CEOCambodiaNews** » Thu Jan 03, 2019 11:56 am

Yes, Cambodia is on the list...

23 countries where money can buy you a second passport or 'elite residency'
Looking to move abroad in 2019?
Alison Millington - Business Insider
Dec. 27, 2018
The super-rich are no longer just spending their money on private jets, yachts, and hotels — they're also splashing out on second passports.

The Second Citizenship Survey 2017 from CS Global Partners found that 89% of people would like to own a second passport, and over 34% said they had looked into investing in a second citizenship.

Even more striking were the 80% who said they would be willing to invest or donate 5% of their annual salary for a second citizenship — more than they spend on monthly rent.

Luckily, a number of countries offer Citizenship by Investment (CIP) programs where money — normally invested in real estate — can actually buy a second passport, and the elite status that comes along with owning citizenship in another country.

Other programs offer "elite residency" — an extended visa with perks — in exchange for similar investments.
https://www.businessinsider.com/countri ... ?r=US&IR=T

davegorman · Post by **davegorman** » Thu Jan 03, 2019 1:12 pm

But so is USA, Canada, UK and Australia. So that covers pretty much all of the expats in SE Asia. Not much use to us.

This is aimed at non E.U. or western residents. Rich Arabs and Indians for example.

timmydownawell · Post by **timmydownawell** » Thu Jan 03, 2019 1:51 pm

I remember Tonga was selling passports to the Chinese at one stage, here's what happened:

They were not supposed to be avenues for migration to these passport selling countries. Sellers thought that very few, if any, buyers would use their passports to move to the Pacific Islands. They were wrong. Passport sales have unintentionally led to relatively large Chinese populations and business communities being established by purchasers, especially in the capitals.

Indigenous people have often been antagonistic to these developments. This hostility was expressed most dramatically in the widespread attacks, looting and arson directed at Chinese businesses in Nuku’alofa, Tonga’s capital, in November 2006. This destroyed a large part of the central business district there - which was ironically rebuilt largely with loans from Beijing.

https://www.lowyinstitute.org/the-inter ... ic-islands