Know What Citizenship by Investment Program Is
The citizenship by investment program is a kind of program that will ultimately grant citizenship to individuals who’ve made a huge investment in a certain country, such as in real estate. Read more about citizenship, click here.
How does it work?
In order for the said program to work, one should make a huge financial investment mostly in real estate. The moment you met all the requirements including the significant investment, you will be then granted with a Government Certificate of Registration as a Citizen and also a passport by the Government. Once you complete all the process, all the paperwork is definitely the same like the other citizen. After that, you as an investor will be able to get a driver’s license if you’d like to. You can learn more about citizenship right here.
What are the Requirements?
Primarily, you need to provide $35,000 as a registration fee. In addition to that, your family needs to be registered also and provide an addition fee of $15,000 per family member. Most importantly, a minimum of $250,000 real estate investment must be made for you to be able get the citizenship. One should not pay all the fees if the citizenship application has not been approved yet by the government. The moment you’ve acquired the right documents you then need to complete your real estate purchase.
Amid the process of application, you’ll likely be asked for identification. Examples of them are the applicant’s birth certificate, your dependents or children’s birth certificate and also marriage contract for your spouse. Aside from that, there’s an additional requirements which is an HIV exam as well as 2 passport sized photos must be submitted for children 12 years old and above.
When you are planning to apply for this type of citizenship program, you need to first do a thorough research about it in order for you to be fully knowledgeable about the said program. Make sure that you know its benefits as well as its downsides before applying for one. You can ask the right experts about this Citizenship by Investment Program since you need to spend a huge amount of cash. Aside from that, make sure that you study first the country where you plan to get a citizenship. Know their economic stability, the area, the neighborhood and a lot more. It is important for you to have enough knowledge about this Citizenship by Investment Program and most of all about the country or place you want to be a citizen from. Please view this site https://bizfluent.com/info-8194920-stages-corporate-citizenship.html for further details.