Citizenship Through Investments vs The Benefits Thereof
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 the state. Some may even argue that citizenship unites different people under a common identity.
Now there are many benefits that come with obtaining your second or even multiple citizenship. From safety to increased global mobility, investing your way into becoming a legally recognized individual or national of a state has to be the easiest way to achieve maximum benefits of a country within a reasonable amount of time.
There are many property investment strategies that are designed to help you maximise your skillset as a property entrepreneur. What many people are still unaware of is the fact that buying property in another country counts as an investment and if you’re smart about it, can be used as a stepping stone towards citizenship.
“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.”
What Does This Mean For You?
We all have similar dreams and desires when it comes to travel and becoming successful. We want the best items of clothing for ourselves and our families. Investing in dual or multiple citizenship opens up the possibility to do just that and what’s great about its appeal is that most programs are available to the family members of the applicant and offers visa-free travel along with so many more benefits.
Let’s have a look at some of the advantages of citizenships via investments:
“The difference between a citizen and residents’ rights is simple: Citizens can confidently hold their status for life while residents are commonly required to renew their residency permits”
A second passport can offer individuals from specific countries increased mobility. The difference in global mobility equals an incredible amount of time saved from filling multiple visa applications and a true entrepreneur understands the need for maximum productivity and time efficiency.
In all honesty, this has to be the best benefit. Dual citizenship may prove advantageous for tax optimization purposes. For example, specific 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 effectively.
In the times we live in today, safety has become a priority to many people around the world. 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.
Education is known for being the stepping stone towards a successful future. Being a global citizen 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.
‘Where can I invest and what’s the minimum investment?’ you ask.
Well, we’re glad you’re wondering now.
Below are some countries that offer citizenship through investment programs:
|Country||Time to Citizenship||Minimum Investment|
|Antigua & Barbuda||3-4 Months||US$100,000|
|Saint Lucia||4-6 Months||US$190,000|
|St. Kitts & Nevis||4-6 Months||US$195,000|
Now the next question would be; how?
Although every country has a different set of requirements, there are some basic prerequisites that you need to have:
- Have a clean criminal record
- Show the legal source of the investment funds.
- Invest in one of the government-approved options, such as real estate, government bonds or a national economic fund.
All requirements need to be met in order to qualify for citizenship to be approved by the host government.
Interested in becoming a citizen in another country?
Book your FREE seat at a seminar near you and let us teach you how to do that and more through property investments!BOOK NOW