In this Frequently Asked Questions video series, we answer common questions on the investor immigration industry to provide all you need to know about citizenship by investment and residence by investment programmes.
Citizenship by Investment means obtaining citizenship of a country through a significant investment in that country, as specified in that country’s laws and regulations. The concept of citizenship by investment was first developed in St Kitts and Nevis, officially known as the Federation of St Christopher and Nevis when it was enshrined in the Section 35 in its Citizenship Act of 1984.
Steps to qualify for citizenship:
In order to qualify for citizenship, an applicant must undergo a multi-tiered vetting procedure that utilises both local and third-party agencies. Once an applicant is successful, citizenship is legally granted and the process of applying for a second passport can begin.
Benefits of dual citizenship:
Since 1984, the initiative has been adopted in many countries across the globe. The programme is seen as an effective way of raising capital for the host nation’s economy whilst also offering applicants an attractive investment opportunity and the dual citizenship benefits that come with it. This includes:
Visa-free or visa-on-arrival travel to key business hubs
The right to live, work and study in the country
The invaluable option of passing down citizenship by descent.
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