A Closer Look at the Requirements for Citizenship by Investment
Most people are happy in the nations of their birth, but a select few consider obtaining dual citizenship due to various reasons. Some of the reasons for wanting to obtain dual citizenship include imminent wars, strict currency controls, and the risk of property seizure. In case you are facing such or other forms of risks to your person or property, you can choose the citizenship by investment option. Applying for this form of citizenship allows you to expedite the naturalization process of citizenship application. 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. What this requirement intends to achieve is the formation of ties with the people and culture of the new nation. You might be required to show some form of proof of this fact to the immigration officials during the course of the application.
A thorough background check will be carried out because most countries do not want to grant citizenship to persons with links to terrorism or other crimes. Such a measure weeds out terrorists and persons with dirty money who wish to clean it in new nations. That means you need to have a clean record if the authorities are to consider your application. At times, you will be asked to prove that your income is justifiable before taking another step in the process.
You have to meet the minimum investment in place by the authorities of your target country for citizenship by investment to be granted. In most cases, applicants are asked to purchase government bonds, buy a home or rent one for several years, or contribute to a fund that benefits the nationals of the target country. Also, you could be asked to venture into a trade that provides the locals with jobs.
Being a citizen of a certain country has extended travel benefits such as visa-free travel. 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.
A foreign nation may require you to study its language and speak it with a certain degree of fluency before being granted citizenship. In other cases, however, no such requirement has to be met.
If your country has a reciprocal visa program with the target nation, getting naturalization and expediting it will be very easy.