Citizenship by Investment (CBI) is a program that enables individuals to obtain a second passport by making a qualifying investment in another country.

Several countries permit dual citizenship. However, under Article 9 of the Constitution of India, Indian citizens are not allowed to hold dual citizenship. Once an individual acquires citizenship of another country, they are required to surrender their Indian passport.

Former Indian citizens can apply for an Overseas Citizen of India (OCI) Card, which allows visa-free travel to India and the ability to stay for an unlimited duration without mandatory registration with local authorities.

Citizenship by Investment programs are offered by various countries worldwide, allowing foreign nationals to gain citizenship through investments such as business ventures, real estate, government contributions, or financial instruments like stocks, bank deposits, bonds, and funds.

How much can Indian citizens remit abroad?

Under the Liberalized Remittance Scheme introduced by the Reserve Bank of India, Indian citizens are permitted to remit up to USD 250,000 per person annually.

Which countries offer Citizenship by Investment programs?

Some of the key countries offering these programs include:

• European countries: Malta, Bulgaria, Montenegro
• Caribbean countries: Saint Kitts and Nevis, Grenada, Dominica, Saint Lucia, Antigua and Barbuda
• Mediterranean country: Turkey