Citizenship by Investment Programmes (CIPs) enable investors from around the world to gain a second citizenship by making a government approved investment in the country’s associated citizenship by investment programme. Traditionally, the right to citizenship is granted on the basis of being born in a particular country, descent from parents, marriage and naturalisation (which is often a lengthy process and the terms of which vary significantly from country to country).
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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.