An investment in another country can guarantee your citizenship and a passport, provided you work with the right organization. The types of investments that can guarantee you citizenship in a country can be government bonds, property investment, or monetary donations. The process is known as Citizenship by Investment (CBI) and costs can range from $100,000 to $2.5 million. Extensive background checks and financial assessments are done to determine whether you qualify for citizenship. Citizenship can be granted even if the candidate has not visited the desired country and it is not required of the candidate to reside in that specific country either. The application process may take as long as 6 to 12 months. The following guidelines can be used to determine whether or not the CBI program recommended to you is legitimate.
Is it legal?
This may seem to be an obvious requirement, yet you have to realize that there are ways to determine the legality of the process. The countries that do allow Citizenship by Investment will have it stipulated in their laws. For example, Greece does not have a CBI program but in turn, offers a residency program.
Quick and easy
Citizenship by Investment is often used because of the hassle-free nature of the process. The result is that you simply invest and in little to no time your alternative citizenship is guaranteed. The terms and conditions should be clearly stipulated with fixed investment amounts. Most countries guarantee citizenship within a year’s time when choosing the CBI route. Malta is the only country that takes more than a year to approve a CBI passport. There are agencies that can help to acquire a European or Caribbean second citizenship by investment UAE.
Commoditized
The application process of dual citizenship is usually open to anyone who has the money available. The only time-consuming factor with regard to a CBI program is the background check and the due diligence. When the candidate adheres to all of the requirements mentioned above, he/she is guaranteed a secondary passport. Be aware of scams and programs that require a bit more or are not necessarily open to anyone. There are countries that are known to allow candidates to visit the country if they have invested in property, yet this does not guarantee citizenship. Be cautious when applying for a CBI program, be sure to read all of the fine print attached to avoid false hope.