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BY INVESTMENT

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CITIZENSHIP

BY INVESTMENT

Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so without requiring investors to put their lives on hold.

The best citizenship-by-investment programs in Europe and the Caribbean. From $1,000,000.

 

Contact us for an obligation-free consultation to discuss your citizenship requirements. Golden-Visa. Safety and Security. A New Asset Class. Access Global Markets.

WHAT IS CITIZENSHIP?

Citizenship is the relationship between an individual and a nation state whereby the state grants the citizen certain rights, such as the right to vote, work and own property, and in return the citizen accepts the responsibility of upholding the laws and customs of that state. Citizenship unites different people under a common identity.

Traditional means of acquiring citizenship and the corresponding passports have been birth, naturalization and marriage. Naturalization is the process by which a resident of a country can acquire citizenship usually by residing in that country for a certain number of years. Since 1984 investment in the host country has been another way of acquiring citizenship.

 

WHAT IS CITIZENSHIP BY INVESTMENT?

Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so without requiring investors to put their lives on hold.

WHY DO PEOPLE INVEST IN A SECOND CITIZENSHIP?

There are many reasons to invest in a second citizenship, from personal safety to increased global mobility. Applications can be approved in as little as three months, resulting in citizenship for life, a valid passport, visa-free travel and more. Economic citizenship opens up a world of possibilities to high net worth investors.

Security

A second passport from a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families.

Global Mobility

Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. A second passport can offer individuals from these countries increased global mobility. For example, the passport of Pakistan allows visa-free entry into only 40 countries, whereas the passport of Cyprus allows visa-free entry to 164 countries. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople the world over.

 

Business

New business opportunities open up to participants in citizenship by investment programs as they can now do business in the host country as well as travel abroad more freely.

 

Tax Management

Dual citizenship may prove advantageous for tax optimization purposes. For example, some countries only tax income earned from that country and do not subject capital gains to taxes either. This allows investors to manage their wealth more efficiently and effectively.

 

Family

Most citizenship by investment programs are available to the family members of the main applicant. This means that investors can secure a better future for their spouse and children. Second citizenships offer access to world-class health care, education and an improved lifestyle.

 

Education

Education is the foundation of a successful life as a global citizen. Investing in a second citizenship can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees.

WHAT DO COUNTRIES GAIN FROM CITIZENSHIP BY INVESTMENT PROGRAMS?

Many countries offer citizenship by investment programs in order to attract much-needed foreign direct investment. Countries can then use these funds to invest in their own projects, such as real estate development, business development and job creation. CBI programs also attract global talent and know-how aimed at boosting the economy.

For example, St. Kitts & Nevis applicants can invest in the Sugar Industry Diversification Foundation, which aims to assist the government and country in transitioning to a more diversified economy. The foundation supports the government, but also undertakes new projects itself. To date, the foundation has invested more than US$55 million in the development of St. Kitts & Nevis.

 

WHICH COUNTRIES OFFER CITIZENSHIP BY INVESTMENT PROGRAMS?

Many countries offer citizenship by investment programs. The number of these programs is constantly increasing as more and more countries realize the economic advantages of opening their doors to immigrant investors.

USA CITIZENSHIP

The USA is a highly sought-after country for international investors. For those who wish to acquire permanent resident (‘green card’) status in the USA, the EB-5 Immigrant Investor Program is the most efficient way to acquire such status.

Since 1990 when congress created this program, each year, the USA government allocates a substantial number of visas for individuals who wish to make a significant, qualified investment into the country that can generate jobs for the USA economy. Under this program, individuals and their immediate family members can become permanent residents of the USA within a short period of time.

The US EB-5 Immigrant Investor Program is ranked an impressive 7th out of 24 programs on the Global Residence Programs Index.

 

Benefits of the US EB-5 Immigrant Investor Program

  • Green cards granted to the investor and their spouse and unmarried children under 21

  • Unrestricted employment for green card holders

  • Visa-free international travel to and from the USA

  • Efficient and quick permanent residence process through the program

UK CITIZENSHIP

  • The applicant must make an investment of at least GBP 2,000,000. 100% of the specified investment amount of capital by way of share capital or loan capital in active and trading UK registered companies, which may be through qualifying managed investment funds. The investment funds must not be used outside the UK.

  • The funds may be in the UK or overseas when you apply.

 

ADVANTAGES INVESTOR VISA UK (TIER1)

  • High standard education and healthcare system

  • Access to business opportunities throughout Europe

  • Dependents included:

    • Spouse; children under 18; children over 18 currently in the UK as a dependent.

  • Applicants from outside European Economic Area (EEA) and Switzerland

  • The travel mobility and security of a UK passport

  • Foreign nationals must apply for Indefinite Leave to Remain to become UK permanent residents

  • Permanent residents have ability to live, work and study in the UK without any restriction and may leave and return at any time

  • Can apply for Citizenship after holding permanent residence for at least 1 year and living in the UK for at least 5 years.

DUAL NATIONALITY

Section 101(a)(22) of the Immigration and Nationality Act (INA) states that “the term ‘national of the United States’ means (A) a citizen of the United States, or (B) a person who, though not a citizen of the United States, owes permanent allegiance to the United States.” Therefore, U.S. citizens are also U.S. nationals. Non-citizen nationality status refers only individuals who were born either in American Samoa or on Swains Island to parents who are not citizens of the United States. The concept of dual nationality means that a person is a national of two countries at the same time. Each country has its own nationality laws based on its own policy. Persons may have dual nationality by automatic operation of different laws rather than by choice. For example, a child born in a foreign country to U.S. national parents may be both a U.S. national and a national of the country of birth. Or, an individual having one nationality at birth may naturalize at a later date in another country and become a dual national. 

U.S. law does not mention dual nationality or require a person to choose one nationality or another. A U.S. citizen may naturalize in a foreign state without any risk to his or her U.S. citizenship. However, persons who acquire a foreign nationality after age 18 by applying for it may relinquish their U.S. nationality if they wish to do so. In order to relinquish U.S. nationality by virtue of naturalization as a citizen of a foreign state, the law requires that the person must apply for the foreign nationality voluntarily and with the intention to relinquish U.S. nationality. Intent may be shown by the person’s statements and conduct.

Dual nationals owe allegiance to both the United States and the foreign country. They are required to obey the laws of both countries, and either country has the right to enforce its laws. It is important to note the problems attendant to dual nationality. Claims of other countries upon U.S. dual-nationals often place them in situations where their obligations to one country are in conflict with the laws of the other. In addition, their dual nationality may hamper efforts of the U.S. Government to provide consular protection to them when they are abroad, especially when they are in the country of their second nationality.

U.S. nationals, including dual nationals, must use a U.S. passport to enter and leave the United States. Dual nationals may also be required by the foreign country to use its passport to enter and leave that country. Use of the foreign passport to travel to or from a country other than the United States is not inconsistent with U.S. law.  

You can find additional information on dual nationality and the potential challenges for travelling with dual passport.

Travelers with Dual Nationality

What is Dual Nationality?

 

Dual nationality means that a person is a national (or citizen) of two countries, having legal rights and obligations in connection with both countries.* While there may be advantages associated with holding dual nationality, such as ease of foreign residency and access to government programs, dual nationals should understand the legal considerations that can make life more complicated.

*A person may hold more than two nationalities, and the same guidance generally applies.

 

 

How Do You Acquire Dual Nationality?

You may be a national of another country knowingly or unknowingly even if you do not accept the nationality or hold a passport of that country. A person may acquire dual nationality in one of several ways, including:

  • Being born in the United States to one or two parents holding a nationality other than the United States, based on the other country’s citizenship laws;

  • Being born outside the United States to one or two U.S. citizen parents, based on the foreign country’s laws;

  • Naturalizing as a U.S. citizen while maintaining the nationality of another country; and

  • Retaining nationality in a country of origin after naturalizing as a U.S. citizen.

 

Potential Challenges to Holding Dual Nationality

Countries have different regulations for dual nationals; some countries may not permit dual nationality. U.S. citizens should check with the embassy of any country of which they hold a foreign nationality for relevant nationality laws before travel. Examples of regulations that may impact a dual national include the following:

  • Entry and Exit Requirements: When traveling to a country where you have a second nationality, you may be required to enter and depart on a passport from that country or present a valid identity document from that country. Some countries impose specific restrictions on departing nationals, such as the requirement for an exit visa in their passport.

  • Exit Bans: Countries may also impose exit bans on dual citizens as an alternative to criminal detention. In some instances, civil or familial disputes can result in an exit ban. Exit bans may be used coercively on individuals who are not themselves facing criminal charges, but as a means to compel an associate or relative under investigation to return abroad to stand trial. Dual nationals subject to an exit ban may not have a way to determine how long the restrictions or investigation may continue. Dual nationals who are subject to an exit ban or prolonged processing of civil documents, often face a significant financial burden. They may face unemployment and unexpected living expenses and fines.

  • Limited Assistance Abroad: Local authorities may not recognize your U.S. citizenship especially if you do not enter a country using your U.S. passport. The U.S. embassy or consulate’s ability to provide consular assistance may be limited.

  • Notification and Access to Detained Dual Nationals: Many countries, even those that do not prohibit dual citizenship, do not explicitly recognize dual citizenship under their laws. U.S. consular officials abroad may not be afforded access to U.S. citizens in detention if they are citizens of the country where they are detained. Some countries, particularly those that do not recognize dual nationality, will not contact the U.S. embassy when a dual national is arrested or detained. Dual nationals who are arrested or detained should request police or prison officials to notify the closest U.S. embassy or U.S. consulate.

  • Military Service: U.S. citizens holding dual nationality may be subject to mandatory military service in a foreign country. This obligation may be imposed immediately upon arrival or when attempting to depart the country.

  • Double Taxation: Dual nationals may be subject to taxation in the United States and in any other country where they hold nationality.

  • Registration: Some countries may require you to register your other nationalities.

  • Other Restrictions: Some countries have laws that prohibit dual nationality and you may be forced to give up a foreign nationality. Other countries have laws that compel you to give up your nationality through a formal act of renunciation (and even then may not recognize the renunciation).

THEY ALLOW DUAL CITIZENSHIP

Albania , Dominica  , Iraq , Mexico , Spain ,Armenia , Ecuador , Ireland , Moldova , Sri Lanka , Austria , Egypt , Israel , Montenegro ,St. Kitts and Nevis ,Australia , El Salvador , Italy , New Zealand , Sweden , Bangladesh , Fiji , Jordan , Pakistan , Switzerland , Belgium , Finland , Kenya , Peru , Syria , Brazil , France , Kosovo , Philippines , Thailand , Bulgaria , Germany , Latvia , Poland , Turkey , Canada , Georgia , Lebanon , Portugal , United Kingdom , Chile , Greece , Lithuania

Romania , United States of America , Colombia , Grenada , Luxembourg , Russia , Vietnam , Cyprus , Hungary , Macedonia , Serbia, Western Samoa , Denmark , Iceland , Malta , Slovenia

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Countries
That Don’t Recognize Dual Citizenship

Countries That Don’t Recognize Dual CitizenshipDual citizenship is a situation in which individuals are allowed to be citizens of two or more countries, also known as second citizenship. Passport holders have legal obligations as well as rights in countries of which they are nationals.

There are many countries that do not recognize dual citizenship.These countries are not confined to certain continents but exist all over the world, such as: Andorra, Azerbaijan, Bahamas, Bahrain, Belarus, Botswana, Bhutan, Oman, Malaysia and China. However, some States may provide exemptions or exceptions For example, in Azerbaijan, the President may offer dual citizenship to persons of particular interest to the Presidential Office.

In Congo, Djibouti, Cuba, Ethiopia, Haiti, India, Indonesia, Iran, Japan, Kuwait, Kazakhstan, Monaco, Singapore, Oman, Qatar, Saudi Arabia, Nepal, Mozambique and Zimbabwe, one automatically loses citizenship when acquiring citizenship from another country, and in order for an individual to understand his or her eligibility for dual citizenship in a particular country, It is necessary to request information from the Embassy.

In countries that do not allow dual citizenship, a person must relinquish the nationality of one country to acquire the nationality of another country, but once a State has updated laws allowing dual nationality, anyone who has lost citizenship after acquiring the nationality of another country is allowed to apply for first nationality.

Countries that do not recognize dual citizenship are:


1- Andorra 2- Azerbaijan 3- Bahamas 4- Bahrain 5- Belarus 6- Botswana 7- Bhutan 8- China 9- Cuba 10- Congo 11- Djibouti 12- Ethiopia 13- Haiti 14- India 15- Indonesia 16- Iran 17- Japan 18- Kazakhstan 19- Kuwait 20- Kyrgyzstan 21- Laos 22- Macau 23- Malaysia 24- Marshall Islands 25- Micronesia 26- Monaco 27- Mongolia 28- Mozambique 29- Myanmar 30- Nepal 31- North Korea 32- Oman 33- Papua New Guinea 34- Qatar 35- San Marino 36- Saudi Arabia 37- Singapore 38- Slovakia 39- Solomon Islands 40- Swaziland 41- Tajikistan 42- Thailand 43- Tonga 44- Turkmenistan 45- Ukraine 46- Uzbekistan 47- United Arab Emirates 48- Venezuela 49- Vietnam 50- Yemen 51- Zimbabwe.