How Citizenship by Investment Programme can save your money

Getting citizenship in a foreign country is a challenging task that requires you to pass through multiple steps that sometimes even break your confidence. Even after much effort and application, many people still fail to get citizenship. Every country has its rules, and most of them are difficult for you to pass. However, you might still wish to have citizenship in your desired country. If so, the solution can be citizenship by investment programme.

For years, many countries have been running this Programme that benefits country and citizenship seekers. This Programme involves investing money in the country where you want citizenship. You may purchase a property or start a business. In any case, the country’s government will grant you citizenship and allow you to live in their country. It is the simplest way to get citizenship in a country compared to other methods, including asylum, which is critical.

The benefit of getting citizenship by investment is that you can save a lot of money through this process. Most other methods to gain citizenship involve investing a lot of money, only to get citizenship in a country. Then why not invest in some business or property in a country so it can dually help you and still save money.

However, there are many things you must know before you step forward to invest in a country where you are hoping to get citizenship. This article is based on information about citizenship by investment and how this can help you save money.

What is Citizenship By Investment Programme?

Achieving citizenship in any country refers to your agreement with the government to work together for the betterment of the community and yourself. By getting citizenship, you become responsible for your actions in the community. You have additional responsibilities of following the law and are given fundamental rights within the country.

As the world is growing fast and has already become a global village, you need to move to different countries and have citizenship to gain benefits. Citizenship by investment in a country means investing your money in the host country to obtain that country’s national identity. You do not need to go through the lengthy process of getting a residency visa or getting married to a citizen of that country; you have to invest money. Before you pass citizenship in any country, you must follow some rules, like investing in real estate or donating to the country.

Although anyone can benefit from this Programme, i.e. investors and business people benefit it, especially those who want to grow their business in other countries. But it would help if you remembered that this is second citizenship because the first one is from your country.

Why should you get citizenship in another country?

Getting citizenship in a country other than where you live brings multiple benefits to you. You will move towards a country when you see some potential benefits. Let’s look at some of the plus points of citizenship in another country.

1. Easy to travel

If you are a person who loves to travel to different countries, then getting second citizenship is a better option. Planning the whole process again whenever you want to visit another country takes time and effort.

A better option is to directly get citizenship in a country where you have more visits. People who have settled business across the world also have to visit different countries which need you to get citizenship in the specific country.

2. Safe from issues in your home country

Many people live in countries that have issues that are sometimes critical. In such a case getting second citizenship would be a life saviour. You can enjoy a more secure environment in the second country living behind your first country and all its crises.

3. Chance to visit different countries without a visa

When an individual has more than one passport, he gets the chance to enter many countries without needing a visa; especially if you are getting a permit from a first-world country, you will be more than lucky. Some countries have strong passports that can help you roam worldwide without difficulty. It is the best thing for anyone who loves to have world tours but feels challenged to go through all the processes.

4. Easy to take your family

Taking your family to another country to fully settle there is complex and needs a lot of investment, leaving nothing behind for your family and you to survive in the second country. For such people getting citizenship through an investment Programme is helpful because, in this case, you will only have to invest some money that will benefit you and your family.

Some businessmen must continuously move between countries, especially those with a multinational business, making living difficult with their families. Getting citizenship in the second country will help you stay in the second country without needing to go back to meet your family.

5. Education and medical facilities

Some countries offer surprisingly great educational and medical benefits for their citizens. Getting citizenship in such a country will benefit you and your family.

Getting better medical facilities and a better place to educate your children is the best thing you can have. That is why getting citizenship in a second country could benefit you.

Which countries allow Citizenship By Investment programme?

Many countries allow citizenship through investment Programmes, including Antigua & Barbuda, Commonwealth of Dominica, Grenada, Montenegro, St. Kitts & Nevis, St. Lucia, Vanuatu, Turkey, Portugal, Greece and many others.

Depending on their needs, countries keep changing their citizenship through investment Programmes because they are beneficial for both individuals and the government. Whenever a country requires finances, it allows people from other countries to come and invest in their country to have a better chance to grow the economy. However, sometimes when countries get full of people, they do not have any other place to accommodate them. In such cases, countries stop or pause citizenship by Investment Programmes.

How can you qualify for Citizenship By Investment programme?

Citizenship by investment Programmemes are helpful and easy; still, you need to qualify for them. Here are some of the essential things which you need to qualify.

1. Investing in Real Estate

Investment in real estate is one of the ways to get citizenship in a country. You need to purchase a property that the government approves. You must know that government properties are overpriced and require you to invest more. Most of the time, you will only have a timeshare of the property, and even if you get an opportunity to get the property ultimately, still, you will have to pay the extra charges.

You may later resell the property if you want to. A better option is to sell your property to another person who also needs to get citizenship by purchasing the property because, in this way, it will be helpful for you and the other person. Turkey is one of the best countries for real estate investment.

2. Donate

Donating to the country can help you directly get citizenship. For a minimum, you will have to pay $100,000. It’s a give-and-take process where you donate, and the government will give you citizenship passports. And also, remember the donation money will not be returned to you.

Donation is the second most accessible way to get a direct route to a country with faithful citizenship. No doubt it is a considerable amount but getting citizenship without any process is worth spending such a vast amount. You can also start a business in a new country and earn back all those dollars.

3. Add money to a bank account

Those looking for a cheaper way to get this citizenship through investment can add money to a bank account in another country. It is a time-consuming process where you will have to wait almost three years after putting nearly $500,000 in your bank account that you will open in the country where you want citizenship.

Another way is to invest in a local company that makes you qualify for citizenship in that country. Some countries allow you to invest in a business, but some give you other options. It all depends on the country’s policies in which you want to get citizenship.

Some countries also allow you to buy non-interest-bearing government bonds and keep them for some period; later, you become qualified for citizenship.

Wrapping up

Getting citizenship by investment Programme is the best Programme with multiple benefits for you and the country that allows such Programmes. The more you invest in a country, the more its economy stabilizes. It will enable various countries to promote citizenship through investment Programmes.

Before you think of using this Programme to get citizenship, you must find out if the country offers it or not or if it allows citizenship by investment. You might think of other countries that offer this Programme with such benefits.