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. 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. 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. 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. What this requirement intends to achieve is the formation of ties with the people and culture of the new nation. You might be required to show some form of proof of this fact to the immigration officials during the course of the application.
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. 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.
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.
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.
A foreign nation may require you to study its language and speak it with a certain degree of fluency before being granted citizenship. Others, however, have no such requirement, which means that you do not need to learn the foreign language to be granted citizenship.
If your country has a reciprocal visa program with the target nation, getting naturalization and expediting it will be very easy.