Citizenship by Investment - Migration Supports Global

Citizenship is a relationship between the country and the residing resident of the country. The state gives the citizen certain rights like the right to vote, the right to work and own property while the citizen accepts and uplifts the law and customs of that country. Citizenship is an umbrella where different communities of people unite under one identity.

The traditional means of obtaining residence in a country have been birth and naturalization. Naturalization is the process of obtaining citizenship for a person by residing in the country for a certain period.

Contributing to the host country’s economy is another way to get citizenship in the host country. This process of getting citizenship is called citizenship by investment. Citizenship by investment projects generally tends to grant citizenship status than the traditional method of the immigration process for acquiring citizenship.

Benefits:

Appreciation of invested value.
Easiest way to grant citizenship application.
Future investment for better life of wards and spouse.

Use Of a Second Citizenship

Some of the reasons to invest in second citizenship include global mobility and security. Applicants citizenship applications can get approved within a few months. Those applications granted can get lifetime citizenship, Visa-free travel, a valid passport.

Here are a few reasons for considering second citizenship

Security – Having a second passport helps the individual to move out of their home country if there is any threat in the home country. Therefore, this kind of investment is safe and secure.
Global mobility – For a businessman visa, free movement is very important for economic purposes. A secondary passport solves the problem by removing the immigration process in the middle. Moreover, a secondary passport can allow more Visa-free entries in different countries. Hence, global mobility increases, and it is priceless for a businessman.
High-income Jobs – Having dual citizenship helps in achieving high-income jobs. The annual income in each country differ. In countries like the USA, the average salary is $56,130, whereas the average income in Sri Lanka is $3,720. The individual of such countries where Incomes are high benefits from currency appreciation value. High-income jobs also comfort individuals which all types of luxuries.
Business – Having a secondary passport open up new business opportunities to participants in citizenship by investment. The participants can invest in different investments or do business in the host country.
Tax management – Tax collection in different countries are negligible, or there are no taxes on income. Therefore, having dual citizenship can help in the management of taxes for high-class individuals.
Family – To secure the future of family members, citizenship by investment is considered. Citizenship by investment in the host country can open up access to the best education, health care facilities and lifestyle for the family members.
Education – Gaining education from the best universities in the world is a dream for many. Dual citizenship can help fulfil the dream; the secondary citizenship allows the person to qualify for domestic fees rather than international fees. Good education is the foundation of a better life.

How To Qualify For Citizenship By Investment?

Government considers investment as an economic contribution towards the nation, which qualifies as an act of citizen and qualifying you for a passport. In this act, both parties benefits. As one requires a secondary passport and the other requires investment. There will be a lot of options available for investment based on the country’s economy. Each investment will be as per the rules and will differ according to types of investment, amount and holding times. The most common type of investment that will qualify for citizenship in another country.

Donation

The most common way to grant citizenship is a donation. In several Caribbean countries, the donation amount starts from $100,000. The donation makes you eligible for the country’s passport. Donation is the cheapest and easiest way to get citizenship as you need not think about selling assets after investment.

Real Estate

The majority of citizenship by investment programs ask you to buy real estate. This type of investment is overpriced and is not as beneficial as a donation. The main problem comes when you try to sell it because the buyer will want citizenship by investment. Such several people are few. The one exception is Turkey, where you can buy any property as long as you meet the criteria for investment amount and qualify for Turkish Citizenship.

Banks Bonds and Business

Banks, Bonds, businesses are the creative means of government to accept citizenship for the interested applicant. Purchasing bonds is a risk-free investment that gains you permanent citizenship without risking capital gains. The minimum holding period for bonds is five years which varies from country to country. In some countries, a minimum amount of money can get invested to make you eligible for citizenship. For example, in Turkey investing $600000 in banks will gain you citizenship rather than investing the same in the property. Businesses in certain countries offer citizenship, as a business contributes towards the country’s economy and the ones who pay taxes are automatically eligible for citizenship.

The countries try to attract lots of Foreign Direct investment through citizenship by investment programs. This is much-needed revenue that each country wants to fund their developmental projects of the country. Moreover, the Citizenship by investment program not only attracts FDI but also attracts global talent worldwide, which in turn helps boost the economy.

WHICH COUNTRIES OFFER CITIZENSHIP BY INVESTMENT PROGRAMS?

Each country has a minimum amount criteria to make an individual eligible for citizenship. The countries also have a minimum period of stay to further accept the immigration application.Those countries that offer Citizenship by investment are as follows