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Nowadays, it is easy to get citizenship in a particular country through special programs. Participants of such programs can expect to receive citizenship status in exchange for investment in business, irrevocable contribution to a government fund and others. Some countries also provide foreign citizens with a program for obtaining permanent or short-term residency by investment in the economy.
This special program is called "golden visa". It was created for wealthy people who can invest a significant amount of money, for example, in real estate or securities of the host country. The minimum amount to be invested is usually 100,000 dollars. It is important to note that an investor who has moved to a country and lived in it for 5–10 years can become a citizen in the future according to the general rules of naturalization. This rule applies to many European countries, but there are exceptions.
These programs are the easiest way to get citizenship. You must meet certain requirements to qualify for a "golden" visa:
- age more than 18 years old;
- bank account and health insurance;
- proof of legal income, absence of outstanding convictions, and open criminal proceedings in the country of citizenship.
According to the Immigrant Invest website specialists, most investors face specific difficulties when applying for a "golden visa", which often entails financial losses. It is worth using some tips for investor to avoid them, which will help them get what they want quickly and without risks.
Tip 1: Research the details
It is necessary to research all available investment options thoroughly. The main focus should be on how acceptable the criteria required for this type of program are and their advantages and disadvantages. The minimum investment amount, residency requirements, and verifying the legality of income and trustworthiness are significant. The time frame should also be taken into consideration. For example, if a person receives Malta Permanent Residence, he can obtain citizenship by naturalization in 1 or 3 years. Understanding each option's nuances is essential to make an informed decision.
Tip 2: Choosing the right program
It is necessary to give preference to the state that offers the most favorable "perks" if you invest. You should consider your budget and the needs of your family. It would be best if you also ensured that the chosen program is legal and protected by the legislation of the selected country. It is also necessary to pay special attention to the fact that the application process for participation in the program in each country differs, so you should choose the most suitable one.
Tip 3: Preparing the documents
The most crucial detail is preparing all the necessary documents. You should gather all the required documents and ensure they are accurate and up to date. These criteria are essential for documents such as passports and financial statements. You also need to be sure to have the documents that the government has issued certified with an apostille, a certificate from the Ministry of Foreign Affairs, or a notary public. It is important to realize that obtaining and certifying such documents takes a significant amount of time.
Tip 4: Financial Planning
Financial planning is an important aspect to consider when applying for citizenship by investment. Finding a reliable agency to provide a clear and simple calculation and a precise payment schedule would be best.
Tip 5: Honesty
It is important to provide honest and accurate information about essential personal and financial details throughout the process to ensure that the host country's authorities approve the application. It will allow the application to be processed efficiently and without delays.
Tip 6: Timeliness of submission
Submitting your application within the deadline is necessary because time often plays a decisive role. The timely submission of all the required documents can increase the chances of a successful application approval.
Tip 7: Expert opinion
The intricacies of applying for citizenship can be quite complex. In such a case, it is better to consult a specialist who can give consultation on all questions you may be interested in. Knowing whether such an expert has the necessary accreditation and powers is also essential. The specialist's experience will ensure that every point of this type of application is handled accurately.
Bottom Line
The reason for participation in the above program is often the applicant's desire to start or develop an existing business in a country with a stable economy. As the expert of Immigrant Invest agency Zlata Erlach points out, these programs have advantages. The most important is that residents have almost the same rights and freedoms as citizens of the host country.
You can easily avoid misunderstandings if you seek help from professionals. The reason for this is the many subtleties and nuances that take up nerves, time and money. Cooperation with professionals is the best solution for quick and easy paperwork.