Citizenship by Investment
A second passport could be the best investment you ever make
WHAT IS CITIZENSHIP?
Citizenship is a relationship between an individual and a nation, where a nation grants the individual certain rights, like the right to vote, work, and own property, and in return, the individual accepts the responsibility of upholding the laws and customs of that state.
Citizenship unites different people under a common identity.
Traditional means of acquiring citizenship and their corresponding passports are by birth, naturalization, and marriage. Naturalization is the process by which a resident of a country can acquire citizenship by residing in the country for a particular number of years.
WHAT IS CITIZENSHIP BY INVESTMENT?
Citizenship by investment is the process of obtaining a second citizenship and passport by investing within the economy of the host country. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so without requiring investors to place their lives on hold.
WHY DO PEOPLE INVEST IN A DUAL CITIZENSHIP?
There are many reasons why dual citizenship is preferred, right from personal safety to increased global mobility. Applications are often approved in as little as three months, leading to citizenship, a legitimate passport, visa-free travel, and more. Economic citizenship exposes a world of possibilities to investors.
Stability & Security:
A second passport from a stable, developed country is often favorable for individuals and opens up a plethora of opportunities for business or career advancement. This type of security is valuable for investors and their families.
Many passports are restrictive in their visa-free mobility. A dual passport from a country that offers individuals global mobility is convenient and often looked upon as a viable alternative. For instance, the passport of Pakistan allows visa-free entry into only 40 countries, whereas the passport of Cyprus allows visa-free entry into 164 countries. The difference in global mobility is valuable to the investors as it is efficient & worthwhile.
Citizenship by investment programs offers excellent business opportunities to the investors, by allowing them to set up & function their businesses within the host country and travel abroad more freely.
Dual citizenship provides exceptional tax benefits. Some countries only tax income earned from that country and don’t subject capital gains to taxes either. This allows investors to manage their wealth more efficiently and effectively.
Most citizenship by investment programs is available to the immediate relations of most applicants. This means that investors can secure a far better future for their spouses and children. Secondly, citizenships offer access to world-class health care and an improved
Access to world-class education often leads to a better lifestyle. Investing in dual citizenship can open up access to the top schools for the investor and his/her children within
WHAT ARE THE REQUIREMENTS FOR OBTAINING A DUAL CITIZENSHIP BY INVESTMENT?
Each country features a different set of requirements that applicants must fulfill for their citizenship by investment program. For instance, some programs require medical examinations with proof of excellent health, while others don’t. However, some requirements are common to all or any such programs:
– Have no criminal record.
– Show the legal source of the investment funds
– Invest in one among the government-approved options, like land, government bonds, or a national economic fund.
All requirements must be met so as for citizenship applications to be approved by the host government. See the precise requirements on the individual program pages here.