What Citizenship by Investment Requirements Do You Have to Satisfy
Most people are happy in the nations of their birth, but a select few consider obtaining dual citizenship due to various reasons. Many of those who would wish to become citizens of other countries would like to do so because of political tensions, risks to their investments, and differences with political bigwigs. In case you are facing such or other forms of risks to your person or property, you can choose the citizenship by investment option. 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. You might be required to show some form of proof of this fact to the immigration officials during the course of the application.
Due to security risks that have become a global problem, a thorough background check has to be carried out. 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. The absence of a criminal record is a definite plus for these purposes. At times, you will be asked to prove that your income is justifiable before taking another step in the process.
It will be necessary to make some form of minimum investment in the country you wish to become citizen of. The regulations governing this requirement vary and may include purchasing a certain number of government issued bonds, investing or renting real estate for a certain period, or contributing to a fund that provides benefits to the citizens of the country. 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.
You may be required o learn the local language before being granted citizenship by investment in a certain country. You may be lucky in some instances since not all countries have that requirement.
If your country has a reciprocal visa program with the target nation, getting naturalization and expediting it will be very easy.
Citation: check these guys out