Citizenship by Investment (CBI) is a means to secure a second citizenship and passport in another country by investing in its economy. This can be accomplished through different types of established investment options including real estate, government bonds, opening a business, giving a contribution to the country's developing funds and other alternatives. Investment options and required investment sums vary greatly depending on the program and the type of investment. CBI programs help obtain citizenship much faster than traditional immigration processes.
There are a number of significant differences between the terms "residency" and "citizenship". A citizen of a country has the rights that are not conferred on a resident. Citizens can confidently expect that they will hold their status and rights for life. In addition, citizenship status can be inherited by children and grandchildren. Residents do not have these privileges or security. It is common for residents to have to renew their residency permits by continuing to satisfy the country's legal requirements. These can include holding the initially required investment, maintaining good health and clean criminal records and meeting physical residency requirements. Residency status can be either temporary or permanent, depending on the laws of the respective country.
Being a citizen of a country, as opposed to a temporary resident, provides more than just a sense of belonging. It invites you to engage with the country completely, including its economy, laws and investment potential. Indeed obtaining citizenship as a permanent legal status puts you in a position of strength, whereby you enjoy equality with all other citizens of the nation for the rest of your life. You will have the same rights and opportunities as someone who was born there. This includes the right to travel freely overseas and return on the passport of that country, and to take up opportunities available to nationals.
Second citizenship is becoming more than just getting a passport. There are certain advantages towards using second citizenship to create residence in countries where tax burdens are lower. Unlike a residency, citizenship is forever and cannot be take away. It is an investment to secure you and your families travel and business mobility for the next generations.
Obtaining a second citizenship can be a life-changing move that opens the door to better prospects around the globe. It is increasingly being viewed as one of the most powerful investments you can make. While the motivations and benefits vary according to the applicant, for many people, enjoying visa-free travel to up to 80% of the world (depending on the program you choose) is a major draw card. Which can allow you to be much more flexible when it comes to living your life and running your business.
The specific methods vary country to country however, they mostly fall under the following main categories. Either you obtain citizenship by birth in the country or through one of your parents that where born in a different country. You can obtain citizenship by naturalization, where you live in the country for a specific number of years under eligible residence permits and apply when you meet the required period of stay, language skills etc. You can obtain citizenship by being married to a citizen of the country and in some countries you can get it by legacy such as countries that where part of colonies previously. Lastly you can invest into a citizenship program which is the fastest and quickest way to obtain another passport.