The Requirements to Meet in Citizenship by Investment
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. 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. However, there are various requirements that you will have to fulfill for the process to succeed, and that is dependent on the immigration authorities of the country you intend to become a citizen of.
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. That means you need to have a clean record if the authorities are to consider your application. You may also be required to demonstrate to the immigration officials of the new country that your income source is justifiable.
Some form of minimal investment is required for you to become a citizen by investment in any country. 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. 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. 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.
You may be required o learn the local language before being granted citizenship by investment in a certain country. 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.
Reference: Get More Information