Citizenship by investment programs provide families with the privilege of acquiring an alternative citizenship, which in turn gives them the right to travel freely to various destinations and to settle in another country. Over 100 countries in the world have some form of investment migration legislation in place. Of these, about 30 residence and/or citizenship by investment programs are running successfully.
More than ever before, wealthy individuals are pursuing citizenship options as the most effective way to access previously unimagined opportunities.
Most importantly perhaps, citizenship and a passport, particularly from a small, peaceful country, can even save your life when traveling and in times of political unrest, civil war, terrorism, or other delicate situations. For good reasons, many international businesspeople from major countries and important persons who are active worldwide consider an alternative passport as the best life insurance money can buy.
View all programs here:
Why do people invest in a second citizenship:
There are many reasons to invest in a second citizenship, from personal safety to increased global mobility. Applications can be approved in as little as three months, resulting in citizenship for life, a valid passport, visa-free travel and more. Economic citizenship opens up a world of possibilities to high net worth investors.
Dual (or multiple) citizenship is the result of the interaction of the laws of two or more countries. People can become dual citizens automatically by birth within a certain territory, such as the USA, by descent from a citizen parent, by marriage, or after successfully applying for the citizenship of another country.
While many countries have no restrictions on dual citizenship, and while there is an international tendency to move away from strict single-citizenship policies, there are still important exceptions. Singapore, for example, is a strictly single-citizenship country and will require proof of relinquishment of any other citizenships the applicant may hold. Singaporean citizenship is consequently of limited interest to most international clients.
Requirements for obtaining a second citizenship
Each country has a different set of requirements that applicants must fulfill for its citizenship by investment program. For example, some programs require medical examinations and proof of good health, while others do not. However, some requirements are common to all such programs:
– Have a clean criminal record.
– Show the legal source of the investment funds.
– Invest in one of the government-approved options, such as real estate, government bonds or a national economic fund.
All requirements must be met in order for citizenship applications to be approved by the host government. See the specific requirements on the individual program pages.
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