The first comprehensive on-the-ground investigation of the global market for citizenship, examining the wealthy elites who buy passports, the states and brokers who sell them, and the normalization of a once shadowy practice.

Our lives are in countless ways defined by our citizenship. It is no wonder that obtaining citizenship is seldom easy—unless you have unusual means. For millionaires and billionaires like Peter Thiel and Jho Low, a new passport is just a question of price.

More than a dozen countries, many of them small islands in the Mediterranean, Caribbean, and South Pacific, sell citizenship to 50,000 people annually. Kristin Surak investigated the industry. Some “investor citizens” parlay their new passport into visa-free travel or use it as a stepping stone to residence in a third country like the United States. Other buyers seek an insurance policy against their home states. Almost none intend to live among their new compatriots, who have a complex relationship with these global elites.

A groundbreaking study of a contentious practice that has become popular among the nouveaux riches, The Golden Passport takes readers through the geopolitical hydraulics of a business that thrives on imbalances of power between big, globalized economies and tiny states desperate for investment. In between are the fascinating stories of buyers, brokers, and sellers, all poised to profit.

"Required reading for policymakers working with small countries. But it is also a fascinating study of how people—and their capital—seek to move around a world that is at once hugely interconnected and riven by inequities…The Golden Passport is a definitive, detailed, and unusually nuanced account of the industry." - Foreign Affairs

"Precise and persuasive." - Times Literary Supplement

"A compelling and illuminating resource for anyone interested in understanding the intricate world of citizenship by investment and its far-reaching implications. It is commendable for expanding the scholarship beyond the European context, and for providing a detailed map of the complex and multifaceted industry which will be invaluable for future research. The book thus provides a valuable and novel contribution to the ongoing discourse on this fascinating yet contentious practice." - LSE Review of Books Blog

"Surak is adept at showing how the citizenship-by-investment sector often exploits the language of human rights and freedom of movement while commodifying citizenship and stripping it of its former values." - Inside Story

"An in-depth look at the rise of CBI, or Citizenship by Investment, the process by which impoverished nations benefit by selling citizenship to wealthy individuals in exchange for large investments in the country." - Publishers Weekly

"Comprehensive… [Surak’s] meticulous on-the-ground investigation sheds light on the intricate network involving wealthy elites, states, and brokers, revealing the transformation of a once clandestine practice into a prevalent and significant phenomenon." - Politics Today