YOUR GATEWAY TO A SECOND PASSPORT
An Introduction to Citizenship by Investment.
Principal grounds for acquiring citizenship are birth within a certain territory, descent from a citizen parent, marriage to a citizen, and naturalization. The conditions under which the privilege of naturalization is granted vary from state to state, but family relationships or lengthy periods of residence are usually essential, besides character and other requirements. While residence is granted to investors and wealthy individuals in most countries, there are currently only 12 countries that offer citizenship by investment programs that provide a direct route to citizenship based on investment and that have passed Harley & Partners’ country due diligence: Austria, Antigua and Barbuda, Dominica, Grenada, Jordan, Malta, Georgia, Montenegro, North Macedonia, St. Kitts and Nevis, St. Lucia, and Turkey. The programs of Antigua and Barbuda and St. Kitts and Nevis have been designed under relevant government mandates. Other countries offer a route to citizenship following a reasonable period of residence, such as Australia, Canada, Greece, Portugal, Singapore, the UK, and the USA.
Grant of citizenship on the basis of an investment
Most countries have provisions that allow their government to grant citizenship in return for major contributions to society, culture, the economy, and other interests of the state. However, this discretion of the government is exercised extremely rarely.
Several countries had programs in place at different times in the past that were specifically designed to attract foreign investors in return for citizenship. These include Ireland, whose program was terminated in 2001, Belize (until 2002), Grenada (terminated 2001 but reopened in 2014), Cape Verde, Seychelles, Slovakia, and several others.
Citizenship by investment options
Citizenship by investment programs offer you the opportunity to legally acquire a new nationality and an alternative passport quickly and simply, without major disruption to your life.
The programs that Harley & Partners offers are considered sufficiently clear in law and processes and have sufficient reputation and transparency to be considered the top tier of citizenship by investment programs.
We have studied all current programs and constantly monitor new developments. Harley & Partners has a unique position in that we have worked with many different governments on projects ranging from strategic consulting to the design, implementation, and operation of investment-related residence and citizenship programs. The firm continues to work closely and assist clients around the world in this field.
Citizenship by Investment Overview
Citizenship by investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without onerous, typical visa and passport application processes.
Why Citizenship by Investment?
In an unsettled, ever-changing world, acquiring an alternative citizenship is a wise decision and an investment for the future.
Why You Need Alternative Citizenship
Citizenship by investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without onerous typical visa and passport application processes.
Gain an Additional Passport with Alternative Citizenship
The date of an important business trip is approaching, and you find out that you need a visa. You have to fill out a long form (possibly listing every country you have visited over the past five or even ten years). You may need to travel to a consulate or embassy for an interview. The visa may cost as much as your airline ticket and you may have to send your passport to the consulate or embassy and not receive it back for two–three weeks. You begin to question whether you really need to go on this trip, and you forget about bringing your family along as you would not want them to go through the same procedure as well.
Due to political circumstances, citizens of many countries find it difficult to travel abroad and are confronted with visa restrictions each time they want to enter a foreign country. On the other hand, nationals whose passports usually allow them easy access to most countries may still need to obtain a visa to travel to some countries or find it impossible to obtain visas due to temporary travel restrictions during trade sanctions and other geopolitical disturbances. They may also be significantly exposed to terrorist threats or other forms of hostility due to their nationality. Moreover, although you may well be granted the required visa, this is always a very tiresome procedure, during which the passport on which the visa is stamped is not available, and this can be a significant factor in delaying your travels.
The benefits of a second passport
If for some reason you cannot get or renew a passport in your home country due to political instability or civil war for example, the right to another passport can be extremely useful. Even if you simply lose your passport, it may take some time until you can get a replacement and having an alternative passport may be crucial. Or as in the example above, if you require a visa and have to send your passport to a foreign embassy or consulate for processing, you cannot travel overseas during that processing time — unless you have an alternative passport.
. Personal security
Most importantly perhaps, citizenship and a passport, particularly from a small, peaceful country, can even save your life when traveling and in times of political unrest, civil war, terrorism, or other delicate situations. For good reasons, many international businesspeople from major countries and important persons who are active worldwide consider an alternative passport as the best life insurance money can buy.
.Investment in the future
In an unsettled, ever-changing world, acquiring an alternative citizenship is a wise decision and an investment for the future. Your citizenship of choice is for life, your spouse and children can be included, and there is often no need to give up your present nationality while you enjoy the benefits of a legal second passport. You should, however, check the laws of your current country (or countries) of citizenship to ensure that you are in a position to legally acquire an additional nationality.
.Alternative Airfield
“Alternate airfield” for the immigrant and the whole family.
Education, EU and US accessibility.
Medicine and insurance.
Taxation.
Pension and wages – EU, USA, Canada
Confidentiality.
The ability to travel without a visa around the planet. Reliable banks and economy. Confidence in the future.
Possibility of attracting foreign capital
.Investment Opportunities: Some of our residency and citizenship by investment programs offer investors a solid financial return on their investment. This makes an application for citizenship or residency not only a smart decision for freedom and flexibility, but also for financial gain
.Wealth Planning: A second citizenship or foreign residency enables wealthy investors to diversify their investments in foreign markets and efficiently manage their portfolios.
Citizenship Planning Important Points
Citizenship is the relationship between an individual and a sovereign state, defined by the laws of that state and with corresponding duties and rights. It implies the status of freedom with accompanying responsibilities. Citizenship is the most privileged form of nationality, a broader term that is used in international law to denote all persons whom a state is entitled to protect. Nationality also serves to denote the relationship between a state and entities other than individuals. Corporations, ships, and aircraft, for example, possess a nationality. Modern concepts of citizenship crystallized in the 18th century during the American and French revolutions, when the term ‘citizen’ came to suggest the possession of certain liberties in the face of the coercive powers of absolute monarchs.
A passport is a personal identification and travel document for international use issued by a sovereign state or a UN organization. Generally, only passports that are issued on the basis of a person’s citizenship are of any interest and use.
Only through the acquisition of full citizenship can you legally acquire the right to a passport. Non-citizen passports and other passports issued to non-citizens are generally of limited use, with certain exceptions, for example the non-citizens passport issued to persons holding a retiree residence permit in Panama, which is legal but also of limited use. Other exceptions include diplomatic passports issued to non-citizens, UN, and refugee passports as well as certain travel documents issued by international organizations or individual states
.Diplomatic passports
Diplomatic passports are only legal and useful if issued by the competent authorities within the issuing state or international organization and if the holder is properly accredited in the host state. Normally, diplomatic passports are only issued to persons who are citizens of the issuing state
.Dual citizenship
Dual (or multiple) citizenship is the result of the interaction of the laws of two or more countries. People can become dual citizens automatically by birth within a certain territory, such as the USA, by descent from a citizen parent, by marriage, or after successfully applying for the citizenship of another country.
You can become a citizen of another country without losing your current citizenship only if the laws of the country of your current citizenship allow dual citizenship.
While many countries have no restrictions on dual citizenship, and while there is an international tendency to move away from strict single-citizenship policies, there are still important exceptions. Singapore, for example, is a strictly single-citizenship country and will require proof of relinquishment of any other citizenships the applicant may hold. Singaporean citizenship is consequently of limited interest to most international clients.
Check out our different pages and blogs for the different programs and requirements.
Read: https://citizenshiphubs.com/second-citizenship-passport-crypto-investments/
Read:
https://citizenshiphubs.com/the-general-benefits-of-having-a-second-passport/