What Citizenship by Investment Requirements Do You Have to Satisfy
Interestingly, there is a percentage of the population that is not content with originating from a certain country, meaning that they would also desire to become citizens of other nations. For instance, if the individual’s assets are at risk of seizure due to litigation or political differences, impending chaos, strict currency controls, among others. If you are a wealthy individual who is facing such or other threats to your property, it is wise to consider citizenship by investment. It is a process that allows you to fast-track the legal naturalization process when applying for another country’s citizenship. There exist variations in the requirements you need to fulfill in such applications but most of the basics are similar.
In most countries, you will be required to spend some time in their jurisdiction for a specified period before making the citizenship by investment application. With such a requirement, the immigration authorities will be satisfied that you have formed some ties with their culture and people. Proof of the formation of these ties will be required in some instances, so take it as a serious matter.
A thorough background check will be carried out because most countries do not want to grant citizenship to persons with links to terrorism or other crimes. This measure is to prevent the granting of citizenship to terrorists and persons with illegal stashes that they wish to launder in the new country. That means you need to have a clean record if the authorities are to consider your application. You may also be required to demonstrate to the immigration officials of the new country that your income source is justifiable.
It will be necessary to make some form of minimum investment in the country you wish to become citizen of. For instance, you could be required to contribute to a cause that is beneficial to the people, buy a certain number of government bonds, of invest in real estate for a certain duration. Also, you could be asked to venture into a trade that provides the locals with jobs.
It will be easy to travel to other countries once you get the dual citizenship of another nation. Since most counties have formed political or economic blocks that comprise of numerous nations, and you can travel to any one of them without satisfying the stringent visa requirements in place.
A foreign nation may require you to study its language and speak it with a certain degree of fluency before being granted citizenship. You may be lucky in some instances since not all countries have that requirement.
The presence of a reciprocal visa program between your country and that of the foreign nation will make it easy to get citizenship by naturalization.