Expect hassle if everybody knows that the passport you hold can be bought for cash.
One of the main problems associated with economic citizenship programs is that they are frowned upon by many industrialised nations, who see them as government-sponsored “passports-for-sale” schemes.
Note that this is highly hypocritical: the same countries will often offer passports by discretion — particularly to the mega-rich, in return for a slice of their taxable income and the inward investment that their citizenship may deliver. Rupert Murdoch, whose media empire is worth a fortune, was granted US citizenship, for example.
Yet the same nations do not care for their Caribbean or Central American neighbours doing the same.
Countries such as Grenada, Dominica, St. Kitts and Nevis and Belize, for example, have operated official second citizenship programs. In my opinion, however, there was a fundamental problem with all of them: these nations, hungry for investors’ cash…