Every year, thousands of wealthy Indians move abroad to buy citizenship or permanent residency in other countries.
A report from Morgan Stanley indicates that in the 5 years from 2014 to 2018 more than 23,000 Indian millionaires took advantage of an alternative citizenship program.
An estimated 6,500 high net worth individuals (HNWIs) are projected to leave India in 2023, according to the Henley Private Wealth Migration Dashboard.
However, since the Constitution of India does not allow the holding of Indian citizenship with that of a foreign country simultaneously, Indians have to forfeit their Indian citizenship before they can apply elsewhere.
Here are the top five affordable countries where Indians can buy citizenship, along with their associated costs and perks.
