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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. 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. 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. The reason for such a sequence of events is to allow the formation of ties with the new country. Proof of the formation of these ties will be required in some instances, so take it as a serious matter.
Due to security risks that have become a global problem, a thorough background check has to be carried out. Such a measure weeds out terrorists and persons with dirty money who wish to clean it in new nations. 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.
Some form of minimal investment is required for you to become a citizen by investment in any country. 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. 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.
You may be required o learn the local language before being granted citizenship by investment in a certain country. 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.
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