The US Government’s Bizarre “Economic Citizenship” Program

by Simon Black
Sovereign Man

I’m in New York City this week meeting with the Prime Minister of a Caribbean nation about his country’s citizenship-by-investment program.

Citizenship-by-investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport.

Depending on the country, the investment amount can vary from just over $100,000 (Dominica) to over $2.5 million (Cyprus).

Now, it might seem crazy to drop that kind of money on a passport.

And in most cases it would be crazy.

A second passport is an insurance policy designed to protect you against various sovereign risks.

But just as you wouldn’t spend $10,000 on a car insurance policy that covers a $40,000 SUV, it doesn’t make sense to spend $250,000 on a passport designed to safeguard total assets that are worth, say, $1 million or less.

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