Citizenship by Investment: Banned Nationalities

Many of the world’s citizenship by investment programs (CIPs) impose restrictions on the countries and territories from which they accept applications. We’ve compiled an overview of which nationals are barred from applying for each of the major citizenship by investment programs.

Citizens of a particular country are 

– eligible; or
– ineligible; or 
– ineligible * with exceptions

to apply for a citizenship by investment program. While some programs impose blanket restrictions on certain nationalities under any circumstance, others impose partial restrictions that allow more room for individual considerations. Others yet impose no restrictions at all but treat applications from risk-prone regions with extra care.

Explore Programs

Residence by Investment Programs

Programs that offer residence permits within months in exchange for passive investments, with limited physical presence requirements. AKA Golden Visas.

Andorra Residence Without Lucrative Activity
Anguilla Permanent Residency Program
Armenia Permanent Residency Program
Australia BIIP Investor Streams
Bahamas Economic Permanent Residence
Bahrain Golden Residence
Barbados SERP Program
Bermuda Economic Investment Certificate 
Brazil Investor Visa (VIPER)
Bulgaria Investor Visa
Cabo Verde Investor Visa
Cambodia My 2nd Home
Cayman Islands Investor Visa
Chile Investor Visa
Colombia Investor Visas M and R
Costa Rica Investor Visa
Curaçao Investor Permit Program
Cyprus Golden Visa
Dominican Republic Investor Visa
Ecuador Investor Visa
Fiji Investor Visa
France Talent Passport Business Investor
Georgia Investor Visas
Greece Golden Visa
Guernsey Investor & Entrepreneur Residency
Honduras Investor Visa
Hong Kong CIES
Hungary Guest Investor Program
Indonesia Golden Visa
Ireland Immigrant Investor Program
Italy Investor Visa
Latvia Investor Visa
Luxembourg Investor Visa
Malaysia M2H Visa
Malaysia PViP
Malta Permanent Residence Program
Mauritius Permanent Residency Program
Monaco Carte de Séjour
Montserrat Economic Residence
Namibia Golden Visa
Netherlands Investor Visa
New Zealand Investor Visa
Nicaragua Investor PR Program
Panama Friendly Nations Visa
Panama Qualified Investor Visa
Paraguay Investor PR Program (SUACE)
Philippines FIV
Philippines Special Investor Residence Permit
Portugal Golden Visa
Qatar Golden Visa
Quebec IIP
Russia Investor Visa
Sabah MM2H
Sarawak MM2H
Saudi Premium Residency Investor
Serbia Investor Visa
Seychelles Investor PR
Sierra Leone Permanent Residency Program
Singapore Global Investor Program
South Korea Investor Visa
Spain Golden Visa
Sri Lanka Investor Visas
Taiwan Golden Visa (APRC Plum Blossom Card)
Thailand Elite Residence Program
Thailand Long Term Resident Visas (LTR)
Turks & Caicos Investor Visa
UAE Golden Visa
UK Investor Visa
United States EB-5
Uruguay Investor Visa
Uzbekistan Investor Visa
Venezuela Investor Visa