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The Requirements to Meet in 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. Some of the reasons for wanting to obtain dual citizenship include imminent wars, strict currency controls, and the risk of property seizure. If you are a wealthy individual who is facing such or other threats to your property, it is wise to consider citizenship by investment. Here, you will fast-track the naturalization process that other applicants have to go through. It is necessary, however, to meet certain requirements that vary from country to the next before the process is complete.

A legitimate immigration department will require you to be a resident of the country for a minimum period before applying for citizenship. 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.

Due to security risks that have become a global problem, a thorough background check has to be carried out. It is the institution of such measures that the immigration authorities can weed out terror elements and persons who have looted public funds from their countries of origin. So, if you have a record of criminal activity, it may be impossible to obtain citizenship by investment. You may also be required to demonstrate to the immigration officials of the new country that your income source is justifiable.

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.

If you are granted the dual citizenship, traveling to various other countries will not be a problem. The reason is that many countries are members of economic or political blocs, meaning that you are free to travel without a visa to any of the nations.

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.

The presence of a reciprocal visa program between your country and that of the foreign nation will make it easy to get citizenship by naturalization.