Passport for money: 11 countries where you can buy citizenship, residency
Passport for money: 11 countries where you can buy citizenship, residency
BusinessToday.In
- Jul 30, 2018,
- Updated Jul 30, 2018 5:07 PM IST

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Thailand's new residence-by-investment programme, also called RIP, gives foreigners the right to live in the country for up to 20 years. The most popular one is for $15,902, where customers can secure residency that gives them visa-free travel. The country also offers several "elite residency" packages costing $60,000 a year, along with an annual fee of approximately $600, some including health checkups, spa treatments and VIP handling from government agencies.

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India too offers such opportunities for wealthy investors. In 2016, Government of India allowed permanent residence status to foreign investors with an investment of $1,456,558 (Rs 10 crore) within 18 months or Rs 25 crore within 36 months. The permanent residence status initially is available for 10 years and then can be extended by another 10 years.

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