Looking On The Bright Side of Options
A Closer Look at the Requirements for Citizenship by Investment
A majority of the world’s residents claim to be happy about the countries of their birth, but there are those who wouldn’t mind getting dual citizenship. 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. The citizenship by investment option is one of the options you should consider if you discover such and other threats to your person or investments. Applying for this form of citizenship allows you to expedite the naturalization process of citizenship application. 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. What this requirement intends to achieve is the formation of ties with the people and culture of the new nation. It will be necessary to demonstrate to the immigration authorities that you have some ties before being granted citizenship by investment.
The immigration authorities will conduct an extensive check into your background to ensure that you are not a threat to the security of their nationals. Such a measure weeds out terrorists and persons with dirty money who wish to clean it in new nations. So, if you have a record of criminal activity, it may be impossible to obtain citizenship by investment. It is also necessary to show that your income is justifiable before being allowed to be a citizen of a particular nation.
Some form of minimal investment is required for you to become a citizen by investment in any country. 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.
If you are granted the dual citizenship, traveling to various other countries will not be a problem. Many nations have formed economic or political blocks, meaning that you do not need a visa to travel to any of the countries in the block if you are granted the new citizenship.
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.