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Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations - Travel (2) - Nairaland

Nairaland ForumNairaland GeneralTravelWealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations (5130 Views)

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Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by beau49: 9:58pm On Aug 28, 2020
This is the way to go honestly and my current focus. It is one of the fastest route too.

Fingers crossed and The Almighty willing,I hope to get one soon to save me the stress of visa interviews et al.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 10:16pm On Aug 28, 2020
Antigua and barbuda. His wife, 2 kids and mum have the passport too.


lordally:
Abeg bro which passport does your friend have?
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 10:18pm On Aug 28, 2020
Starting the process next year. $100k is not easy to come by but you can achieve it. All the best



beau49:
This is the way to go honestly and my current focus. It is one of the fastest route too.

Fingers crossed and The Almighty willing,I hope to get one soon to save me the stress of visa interviews et al.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by lordally(m): 10:26pm On Aug 28, 2020
Freedomfsl:
Antigua and barbuda. His wife, 2 kids and mum have the passport too.
Omo that your friend get money ooo JESUS!!!
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Chiiamaka: 10:39pm On Aug 28, 2020
This makes a whole lot of sense.
Instead of buying an over priced property you had get yourself a passport
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 10:42pm On Aug 28, 2020
It is actually cheaper if you are married with kids
A person pays $100k
A family of 4 pays $125k


lordally:
Omo that your friend get money ooo JESUS!!!
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by lordally(m): 11:19pm On Aug 28, 2020
Freedomfsl:
It is actually cheaper if you are married with kids
A person pays $100k
A family of 4 pays $125k
This is nice bro!! Does your friend love in Nigeria or he stays in Antigua
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by babakb:
The poor will have their say, the rich will have their way...
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by beau49: 5:16am On Aug 29, 2020
Freedomfsl:
Starting the process next year. $100k is not easy to come by but you can achieve it. All the best
Thank you....wishing you same too.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 7:54am On Aug 29, 2020
He is here in naija



lordally:
This is nice bro!! Does your friend love in Nigeria or he stays in Antigua
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by FlashDboy: 8:09am On Aug 29, 2020
Freedomfsl:
He is here in naija
Wow, this quite interesting. Knowledge is power aswear.

So, one can be in Nigeria, process every every?

The money ur investing, is it dash or u will be getting paid some profit even when ur not physically there?

Abeg, no vex for my many questions.

Thanks.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 8:34am On Aug 29, 2020
Yes. That is the whole idea. You can always travel on a whim without worrying about visa rejection.
You are investing as a donation to the government of these countries. There is the option of buying property as an investment too, but I think this option is better if you plan living there.

If you are a freelancer or can work from anywhere in the world, you can live in Europe for 1 year ( You can live visa free in Germany, Spain,Portugal, Belgium, Netherlands etc. for 3 months each)

Worth the investment.



FlashDboy:
Wow, this quite interesting. Knowledge is power aswear.

So, one can be in Nigeria, process every every?

The money ur investing, is it dash or u will be getting paid some profit even when ur not physically there?

Abeg, no vex for my many questions.

Thanks.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by FlashDboy: 8:40am On Aug 29, 2020
Freedomfsl:
Yes. That is the whole idea. You can always travel on a whim without worrying about visa rejection.
You are investing as a donation to the government of these countries. There is the option of buying property as an investment too, but I think this option is better if you plan living there.

If you are a freelancer or can work from anywhere in the world, you can live in Europe for 1 year ( You can live visa free in Germany, Spain,Portugal, Belgium, Netherlands etc. for 3 months each)

Worth the investment.
Thanks for the reply.

Please , let me get it straight, the donation to the government is free, as in, no return profit monthly or quarterly to the investor?
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by lordally(m): 9:50am On Aug 29, 2020
Freedomfsl:
He is here in naija
So he doesn't need to stay in that country..... meen this pan is cool....well I intend immigrating using a work visa
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by babakb: 12:17pm On Aug 29, 2020
FlashDboy:
Thanks for the reply.

Please , let me get it straight, the donation to the government is free, as in, no return profit monthly or quarterly to the investor?
Yes, you are indirectly buying their Citizenship...
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by FlashDboy: 12:20pm On Aug 29, 2020
babakb:
Yes, you are indirectly buying their Citizenship...
Thanks for the reply.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Cousin9999: 3:54pm On Aug 29, 2020
babakb:
Yes, you are indirectly buying their Citizenship...
And they're buying access to different markets, education, and connections.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 8:29am On Aug 30, 2020
Yes. You are buying citizenship without living in the country.



FlashDboy:
Thanks for the reply.

Please , let me get it straight, the donation to the government is free, as in, no return profit monthly or quarterly to the investor?
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Mgbadike80: 5:43pm On Aug 30, 2020
Freedomfsl:
Yes. You are buying citizenship without living in the country.
What about the property investment route?
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by Freedomfsl: 6:26pm On Aug 30, 2020
About $450k. If you can afford it,go for it.




Mgbadike80:
What about the property investment route?
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by MidaserveNG(op): 8:19am On Nov 29, 2021
What's the hope for the majority who're unable to have their way?
MidaserveNG:
Wealthy Nigerians are buying up passports for cash from Caribbean nations to beat visa rules


A year ago, the office of Citizenship by Investment Program (CIP) in the small Caribbean island nation of St. Lucia had received no applications from any Africans in its nearly five years of operations.

But in the past few months, it has issued up to 60 passports to Nigerians and is reporting steady increases in applications from the country—still its sole African market.


That sharp rise reflects spiking demand among Nigeria’s wealthy private citizens who are increasingly tapping into “investment migration” programs offered by foreign countries. The programs allow foreign nationals obtain fast-tracked citizenship and passports or permanent residency permits in exchange for specified amounts of cash investments. The payment for the passports can come in form of direct “contributions” to the development funds set up by the national governments or through investment in real estate projects which offer the promise of not just passports but also possible profits.

With around 40,000 passports believed to have been issued through investment migration programs globally, citizenship by investment is now estimated to be a $3 billion industry. It is often favored by high-net worth individuals from countries with “weak” passports often from countries in sub-Saharan Africa and some Middle Eastern countries.
Henley & Partners, the world’s largest investment migration consultancy, has also set up shop in Africa’s largest economy after seeing a sharp rise in demand from the country over the past three years. The office in Lagos is only Henley & Partners’ third in Africa, in addition to offices in Cape Town and Johannesburg opened six years ago.

“The reason we opened in Nigeria is because we saw significant potential in the market with growth in private wealth without global mobility for high net worth individuals,” says Paddy Blewer, public relations director at Henley & Partners. “What you have is a community of wealthy individuals who cannot travel without visas.”

That reality is best captured by the weakness of Nigeria’s international passport. In fact, Nigerian passport holders can visit two fewer countries now than they could in 2010 without first obtaining a visa. The country also suffered the worst decline in passport power over the past decade, according to rankings on the annual Henley Passport Index.

But even paperwork-intensive visa application processes have also gotten more complicated for Nigerians. Under the Trump administration, for example, US visa application fees for Nigerian applicants have been increased, an interview waiver process for visa renewals for frequent travelers has been indefinitely suspended while a ban has also been placed on issuing immigrant visas to Nigerians.


https://www.yahoo.com/tech/m/956a7e43-86e0-390b-9e5d-b2f3dce199e1/wealthy-nigerians-are-buying.html
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by InoGetJoy: 1:59pm On Nov 29, 2021
Freedomfsl:
Don't feel defeated. You can if you plan towards it. I'll be starting my own process next year.
It will be a 4 year dream come true. Nothing comes easy but it can be done.
Bro please what's the process for this? Is there any online resource that can help me with getting one?
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by yemmywesey(m): 4:11pm On Dec 01, 2021
Nigeria passport is as useless as a used toilet tissue.
You can't go to any country of your choice without a visa except Syria and iraq.
What form of injustice is that, there by you will hold a passport of tiny countries like malta , mauritius, sychelles, Belize and be traveling around the world with a country of choice.
Re: Wealthy Nigerians Are Buying Up Passports For Cash From Caribbean Nations by MidaserveNG(op): 6:25am On Jan 08, 2022
Freedomfsl:
Don't feel defeated. You can if you plan towards it. I'll be starting my own process next year.
It will be a 4 year dream come true. Nothing comes easy but it can be done.
That's the spirit wink
1 2 Reply

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