Both Residency by Investment (RBI) and Citizenship by Investment are both modern concepts which have emerged in the last 20 or so years, enabling individuals from one country to relocate to another country, by meeting certain criteria which usually involves making an economic contribution to the country’s domestic economy. Such programmes provide mutually beneficial facets for both countries and investors alike. Countries benefit from incoming investment and increased spending, which can be used to improve infrastructure and other services. Investors benefit by having the opportunity to relocate, oftentimes with their family to a highly desirable location, improved personal freedom and access to greater opportunities.
Dual citizenship (also known as dual nationality) is the ability to be a citizen in two countries at the same time. Some people can be born with dual citizenship (depending on the nationality of their parents) but it can also be your choice to move to a new host country. The concept of dual citizenship is a relatively modern phenomenon, and numerous advantages when considered in a global landscape. With dual citizenship, you can enjoy the benefits and privileges offered by both countries.
EU citizenship provides the freedom to move freely within the EU and EEA region. As an EU citizen, you have the right to live and move within the EU without being discriminated against on the grounds of your nationality. It also grants the right to study and work in any EU member state. Moreover, EU passports are among the most powerful passports in the world, when it comes to visa free travel.
Citizenship by investment programs offer numerous benefits that have been attracting hundreds of thousands of high-net-worth individuals to pursue second citizenships around the world. There are many significant benefits associated with having a second passport. We have included the main benefits below!
Traditionally, citizenship is granted based on country of birth, inherited from parents, or through marriage. Nowadays, an increasing number of people desire to become a citizen of a country other than their own for many reasons. Therefore, the citizenship business is booming, and attracts lots of foreign investors.
Citizenship by Investment ("Ius Doni") refers to the granting of citizenship to an individual or family usually through making a substantial financial investment into a country’s domestic economy. While modern day economic citizenship programmes have been around for 30 years, they have only recently gained notoriety as both high-net-worth-individuals and governments realise the mutual benefits offered by such programmes.
In this blog post, we will examine the 5 leading global citizenship-by-investment programmes in existence today.