Cape verde citizenship by investment program is a great way to get Cape verde citizenship. The program provides an opportunity for foreign nationals to invest in Cape verde and receive Cape verde citizenship in return. There are many benefits of Cape verde citizenship, including the ability to live and work in Cape verde, access to Cape verdean healthcare and education, and the right to vote in Cape verde. The downside of this citizenship is that you will have to renounce your current citizenship since Cape Verde does not allow dual citizenship. This is one of the reasons why it is not such a popular program.
According to the 2003 Cape Verde Citizenship Act, a person who invests at least USD 200,000 in Cape Verde is eligible for citizenship without meeting the residency requirement.
Cape Verde is actively seeking investments in its Energy, tourism, and infrastructure projects. Foreign investors must create jobs and significantly contribute to the economic development of the host nation. There are no specific investment restrictions on the island. Foreigners are restricted from fishing and transporting on vessels reserved exclusively for locals. All investors are granted equal treatment and nondiscrimination, but incentives and contracts can create advantages for large investors.
According to the SovSpot Passport Ranking Index, the Cabo Verdean passport presently ranks 77th. It allows visa-free travel to 67 countries. Visa-free or visa-on-arrival access is available to Cabo Verde passport holders in countries such as the Philippines, Singapore, Indonesia, Kenya, Zimbabwe, Iran, Bolivia, and Panama. Cabo Verdean passport holders, on the other hand, need a visa to enter around 162 countries worldwide, including the European Union and the United States, resulting in a poorer overall mobility score.
The number of countries Cape Verde passport holders can enter without a visa (i.e. visa-free countries) is added to the number of countries Cape Verde passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization (i.e. visa-on-arrival countries) (eTA). There are now 37 visa-free countries for Cape Verde passport holders, 29 visa-on-arrival countries for Cape Verde passport holders, and 1 eTA destination. Cape Verde passport holders can access a total of 67 countries without a visa, via a visa on arrival, or using an eTA. As a result, the Cape Verde passport is ranked as the world's 77th best passport. Apart from the Cape Verde visa-free and visa-on-arrival countries, there are 162 other countries where Cape Verde passport holders will require a physical visa or an eVisa (i.e. visa required countries).
Children of parents with Cape Verdean citizenship are also granted citizenship. Those born overseas to a parent or grandparent from Cape Verde are eligible for Cape Verdean citizenship.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)
A new interpretation from the Spanish Ministry of Justice confirms that all people born outside of Spain, children or grandchildren of people who originally had
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