Golden Visas: 5 Countries with the Cheapest Residency
In a world where global mobility and financial security are increasingly valued, Golden Visa programs have become a popular pathway for investors seeking second residency or citizenship. These programs allow individuals to obtain legal residence or nationality in exchange for an investment or contribution, providing access to visa-free travel, tax advantages, and new lifestyle opportunities.
The Times of India recently highlighted five of the most affordable Golden Visa destinations that offer a blend of accessibility, economic potential, and international travel freedom.
1. Latvia – Entry to the EU for €50,000
Latvia has quietly positioned itself as one of the most cost-effective gateways to the European Union. Through its Golden Residency Program, investors can secure a five-year renewable residence permit by investing a minimum of €50,000 in a Latvian company, plus processing fees.
Benefits:
- Access to 27 EU nations and the Schengen travel zone
- Pathway to permanent residence after five years
- Opportunity to invest in active local businesses
Note: The program focuses on genuine economic participation rather than passive investments.
2. Vanuatu – Fast Citizenship from USD 130,000
Located in the South Pacific, Vanuatu offers one of the world’s fastest citizenship-by-investment programs. A non-refundable contribution of USD 130,000 to the Development Support Program grants full citizenship in as little as six to eight weeks.
Benefits:
- No residency, language, or interview requirements
- Lifetime citizenship with global mobility privileges
- Simple and quick application process
Caution: The European Union recently revoked Vanuatu’s visa-free access due to security concerns, so investors should check current travel privileges.
3. Dominica – Lifetime Citizenship for USD 100,000
Dominica’s program is considered one of the best-value citizenship options. Investors can donate USD 100,000 to the Economic Diversification Fund or invest USD 200,000 in government-approved real estate projects.
Benefits:
- Visa-free access to over 140 countries, including the UK and Schengen area
- Dual citizenship allowed
- Citizenship for life, passed to future generations
Key Point: Dominica’s CBI (Citizenship by Investment) program is globally respected for its transparency and efficiency.
4. United Arab Emirates – 10-Year Golden Visa from AED 750,000
The UAE’s Golden Visa stands out for its blend of luxury, stability, and opportunity. Foreign nationals can secure a 10-year renewable residency through an AED 750,000 (≈USD 204,000) real-estate investment.
Benefits:
- No local sponsor required
- Option to sponsor family members
- Access to world-class healthcare, education, and infrastructure
Note: The UAE Golden Visa offers long-term residence but not direct citizenship.
5. Antigua and Barbuda – Family Citizenship from USD 100,000
Antigua and Barbuda provide one of the most family-friendly citizenship-by-investment options. A USD 100,000 donation to the National Development Fund, or a USD 230,000 real-estate investment, grants lifetime citizenship for a family of up to four.
Benefits:
- Visa-free travel to 150+ countries, including the EU, UK, and Singapore
- No wealth or inheritance taxes
- Cost-effective for families
Holding Requirement: Real-estate investments must typically be retained for at least five years.