Citizenship is the relationship between an individual and a nation state whereby their state grants the citizen certain rights, like the to vote, work and own property, and in exchange the citizen accepts the duty of upholding the laws and customs of that state. Citizenship unites differing people under a common identity.
Traditional means of acquiring citizenship and the corresponding passports have been birth, naturalization and marriage. Naturalization is the process where a resident of any country can acquire citizenship usually by residing in that country for a certain period of time. Since 1984 investment in the host country has been one other way of acquiring citizenship.
WHAT IS CITIZENSHIP BY INVESTMENT?
Citizenship by investment is the procedure of obtaining a second citizenship and passport by buying 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 place their lives on hold.
WHY DO PEOPLE CHOOSE SECOND CITIZENSHIP?
There are many reasons to invest in another citizenship, from personal safety to increased global mobility. Applications can be approved in as little as three months, leading to citizenship forever, a valid passport, visa-free travel plus more. Economic citizenship opens up a world of possibilities to high net worth investors.
Another passport from a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families.
Home based business opportunities start to participants in citizenship by investment programs as they is now able to conduct business in the host country as well as travel abroad more freely.
Dual citizenship may prove advantageous for tax optimization purposes. For instance, some countries only tax income earned from that country , nor subject capital gains to taxes either. This enables investors to manage their wealth more proficiently and effectively.
Most citizenship by investment programs are available to the members of the family of the primary applicant. Which means that investors can secure an improved future for their spouse and children. Second citizenships offer access to world-class healthcare, education and a better lifestyle.
Education is the building blocks of a successful life as a global citizen. Purchasing a second citizenship can start access to the best schools in the world for candidates and their children by qualifying them for domestic rather than international tuition fees.
– Fast processing time
– Visa-free travel within the Schengen Area
– To live, work, and study in Spain
– Family inclusion in this program
– No stay requirement
Spain will not require residence for the renewal of the residency permit. It only requires the residents to enter the united states at least one time every year. You can find, however, a residency requirement of Spanish citizenship.
Spain’s Golden Visa process normally takes one or two months.
Citizenship by investment is actually the procedure of finding a second passport and citizenship by buying the economy of the country you’re getting citizenship for. You will find many benefits to the process over other kinds of obtaining citizenship. Many countries offer citizenship by investment programmes, and increasingly more are offering this opportunity as they get started to realise the economical advantage of checking their doors to investors.
Financial and work at home opportunities – With regards to the programme you enrol with, you could be offered a return on investment of up to 12%. Some will also provide a buy back guarantee after you have qualified for citizenship. By obtaining a second passport in this manner, new business opportunities will open up as you will now also have the ability to conduct business in the host country. Many companies want to discover a way to gain access to international platforms, and through dual citizenship, this can be easily achieved.
Unrestricted travel – One of the major advantages of citizenship by investment is freedom of travel. Most passports have a tendency to be pretty restrictive independently, requiring you to secure a visa when you travel abroad, even if that is ideal for a brief period of the time. By gaining a second passport, you will gain increased global mobility. Again, different passports allows unrestricted happen to be different countries. For instance, the passport of Cyprus allows visa free entry to 164 countries throughout the world. Having dual citizenship can radically change your travelling experience both from a company, for example when you need to talk with a company partner on short notice, and personal perspective.
Lifestyle – There are a selection of lifestyle benefits that include citizenship by investment and citizenship by investment programmes. Many programmes provides the investor, and even the investor’s families, with a range of lifestyle services such as education, healthcare, security and transport. Which means that investors aren’t only in a position to build an improved future for themselves, but also to their spouse and children. Second citizenship could mean access to a world-class healthcare, education for children and simply a general improved lifestyle.
Education – Dual citizenship can give children access to some of the most notable schools on earth, without the need to pay international fees. For example, with a European passport, students can connect with any European Universities.
Tax breaks – By gaining another citizenship, you may be in a position to enjoy tax breaks and improved tax exposure. How big the benefit depends on many different factors. For instance, some countries is only going to charge tax that is earned from that country, and also will not subject capital gains to taxes either.
Speed – The process of obtaining citizenship though investment is often a lot faster than going through the original processes of immigration. Therefore, for those looking for second citizenship, they could feel the processes without having to put their life on hold for long periods of time.