All around the globe, there are about 30 countries that offer citizenship by investment program. For now, nine countries give away direct ways to attain citizenship based on investment. Citizenship by investment is an alternate route for individuals seeking residency in another country. The initiative allows countries to channel and gather funds for developing healthcare, education, infrastructure, and much more. There are many things you must consider while you are applying for citizenship by investment. Here is some basic information that can help you understand everything you need to know about citizenship by investment:
Benefits of Citizenship By Investment
Many advantages come with this; it offers you a world of financial, business, travel, education, and family benefits. You get security with dual citizenship as in case there is any instability in your country, then you can move to the other country. In the right country, you can open up lucrative markets. Other than these, you also get better mobility, tax benefits, quality of life, healthcare, etc.
Countries That Provide Citizenship by Investment
Not many, but a handful of countries provide citizenship by investment. They have particular guidelines and investment requirements. In most cases, the country does not ask the applicant to reside there or know the language. This program helps countries handle their budget and attract more foreign capital. Bulgaria, Montenegro, and Malta offer this program in the European Union. This program there is a naturalized scheme and is fast-tracked. Other countries providing this are St Kitts and Nevis, Turkey, St Lucia, Dominica, Grenada, etc., with citizenship for any such country, and you get access to many destinations. You can travel to destinations visa-free or by getting a visa-on-arrival when you reach there.
Eligibility of Family Members for Citizenship by Investment
This program is quite popular with families migrating. Now different countries ask for various documents and have separate eligibility for the same some of the expected points in the eligibility list from around the globe that provide citizenship by investment are a spouse application, a child under the age of 18 years, dependent parents aged above 55 years, a sibling of the main applicant, grandparent of the applicant or applicant spouse aged above 55 years and a lot more such similar points that make the applicants family eligible for the citizenship by the regulations stated by the government.
Time Duration and Fees for Citizenship by Investment
When it comes to securing your future, you should remember citizenship by investment program. Now for all applications and processing, there is a different time frame that gets allotted to you under which the processing must be complete, and you will get the citizenship for which you will have to submit fees as well. For reference: St Kitts and Nevis investment amount is USD 150,000 for a single applicant, and the processing fees for it is around four months. In St Lucia, you must invest in their government funds and book some real estate; the processing here takes about 3 to 4 months.
What’s The Process?
The citizenship by investment or donation process is the same in many parts. Citizenship by investment or donation to the government or investing in government-approved reap-estate is one processing aspect. The applicant must give away the documents that the country asks for the processing of their citizenship by investment. Later, when the application has been duly submitted, there is a processing time depending on the country. Your application may get rejected in case the country finds any suspicion in your application or the documents provided to them.
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