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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.
A legitimate immigration department will require you to be a resident of the country for a minimum period before applying for citizenship. The reason for such a sequence of events is to allow the formation of ties with the new country. It will be necessary to demonstrate to the immigration authorities that you have some ties before being granted citizenship by investment.
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. So, if you have a record of criminal activity, it may be impossible to obtain citizenship by investment. At times, you will be asked to prove that your income is justifiable before taking another step in the process.
You have to meet the minimum investment in place by the authorities of your target country for citizenship by investment to be granted. In most cases, applicants are asked to purchase government bonds, buy a home or rent one for several years, or contribute to a fund that benefits the nationals of the target country. At times, you could be asked to invest in a venture that employs the local population.
If you are granted the dual citizenship, traveling to various other countries will not be a problem. 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.
Some nations require you to learn their language so as to get to get citizenship by investment. In other cases, however, no such requirement has to be met.
If your country has a reciprocal visa program with the target nation, getting naturalization and expediting it will be very easy.
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