BREAKING: The Cheapest Second Passport Program in 2025

Summary

Millionaire Migrant introduces a newly launched citizenship-by-investment program in StoriP, a Portuguese-speaking former colony. The program offers a fast, streamlined process—just six weeks—with an affordable investment starting at $90,000. It accepts most nationalities, including Russians and Iranians, and allows dependent family members. While the passport ranks around 145th globally with visa-free access to 71 countries, it offers a strategic advantage for obtaining Portuguese citizenship faster if Portugal extends its residency requirements. With Dubai-based processing ensuring smooth fund transfers, Millionaire Migrant advises waiting for initial applicants before applying but highlights the program's efficiency and cost-effectiveness.

Takeaways

• 🌍 A new citizenship program has been launched with no residency requirement, interviews, and a processing time of just 6 weeks.
• 💸 The program requires an investment of approximately $90,000 for a single applicant, making it one of the cheapest citizenship programs available.
• 👨‍👩‍👧‍👦 Family pricing is slightly higher: $95,000 for two to four members, with additional fees for extra dependents, spouses, and children.
• 🛂 Government fees, including passport, due diligence, and processing fees, are around $750 per person.
• 🌐 Most nationalities are eligible, including Russians and Iranians, with North Koreans being the only restricted nationality.
• 👶 Eligible dependents include spouses, children up to 30 years old, financially dependent parents over 55, newborns, and future spouses.
• ✈️ The passport ranks 145th globally and provides visa-free access to 71 countries, including Malaysia, Costa Rica, Panama, and South Africa.
• 🇵🇹 There is potential for accelerated Portuguese citizenship after 7 years for holders of this new passport if Portugal extends its residency requirement from 5 to 10 years.
• 🕌 The Citizenship Investment Unit is based in Dubai, which simplifies fund transfers and reduces banking issues often seen with other programs.
• ✅ Millionaire Migrant recommends waiting for a few successful applicants before proceeding but plans to help clients with a complete, personalized immigration and investment blueprint.
• ⏱️ The program officially starts early September, with initial applications including a non-refundable submission fee of around $5,000.
• 📝 Language testing may be required for Portuguese naturalization, but prior knowledge of Portuguese is advantageous.

Q & A

What is the new citizenship program introduced by Storip?

The new citizenship program introduced by Storip offers a streamlined and affordable path to citizenship by investing approximately $90,000. It has a processing time of just six weeks, making it one of the fastest available programs.

How does this new program compare to other citizenship programs?

The Storip citizenship program is one of the cheapest and fastest options available. While traditional programs like those in the Caribbean, Portugal, and Spain may have higher investment requirements or longer processing times, Storip offers a more affordable and quicker alternative.

What is the minimum investment required for the Storip citizenship program?

For a single applicant, the minimum investment is around $90,000. For a family of two to four, the investment is approximately $95,000, with an additional $5,000 for each extra family member.

Are there any additional costs besides the investment amount?

Yes, there is an initial non-refundable submission fee of around $5,000. Additionally, government fees such as passport fees, due diligence fees, and processing fees come to approximately $750 per person.

What is the eligibility for dependents under this program?

Spouses and children up to the age of 30 who are unmarried and financially dependent on the applicant can be included. Parents over the age of 55 and future dependents (such as newborns or new spouses) are also eligible.

Which nationalities are eligible for the Storip citizenship program?

The program accepts most nationalities, including Russians, Iranians, and others that are typically restricted in other citizenship programs. The only nationality restricted is North Korean.

What benefits does the Storip passport offer?

The Storip passport allows visa-free travel to 71 countries, including Malaysia, Costa Rica, Panama, and South Africa. However, it is not one of the strongest passports globally, ranked approximately 145th.

How does the Storip citizenship program relate to Portuguese citizenship?

Storip is a former Portuguese colony, and holders of its passport can potentially expedite Portuguese citizenship. If Portugal increases its citizenship requirements to 10 years, Storip passport holders would be able to apply for Portuguese citizenship in just seven years.

Do applicants need to take a language test for Portuguese citizenship?

Yes, if Portugal increases its citizenship timeline from 5 to 10 years, applicants holding a Storip passport will be required to take a language test. This applies to all former Portuguese colonies.

Would Millionaire Migrant recommend applying for this program now?

Millionaire Migrant suggests waiting for a few applicants to complete the process before fully recommending it, as they want to ensure that the processing time is indeed six weeks and that the program's promises hold true.