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Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
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Tail Gunner Offline
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Post: #126
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
(12-05-2018 05:55 AM)semibaron Wrote:  Interesting thread.

Is there any citizenship by investment in Asia? if not, are there at least residency by investment?

Cambodia has a citizenship by investment program, but it is fairly expensive for what you get (in terms of visa-free travel) and costing about $325,000. From what I have read, they are in the midst of changing the law -- and not for the better. I have read that you may need to learn Khmer. If you start a business with local employees, the investment amount could be much less. Here is an article. I am not sure how much of it is true. Reports vary widely.

https://www.khmertimeskh.com/50108464/bu...tizenship/


Probably the best value in Asia is Malaysia’s My Second Home program (MM2H), which was developed by the Government of Malaysia as an international residency scheme. It is designed to grant foreign investors the opportunity to obtain a long-term Permanent Residence Status visa by virtue of an investment in Malaysia. Permanent Residence Status gives an investor a ten year visa that is easily renewable at the end of each ten-year period, and allows an individual the freedom to come and go as they please.

After an extended period of residency, Malaysian citizenship can be requested. Unfortunately Malaysia does not recognize dual citizenship, so an applicant must forgo their original citizenship to obtain Malaysian citizenship and a Malaysian passport.

The requirements of the MM2H program are:
-- All applicants under age 50 must open a fixed deposit account in Malaysia of RM300,000 (US$ 67,226) and maintain a minimum balance of RM150,000 (US$ 33,613) from the second year onward, and throughout their stay in the country thereafter.
-- All applicants over age 50 must open a fixed deposit account of a minimum of RM150,000 (US$ 33,613), or provide authorized proof of a RM10,000 (US$ 2,240) monthly pension from an offshore account. From the second year and thereafter the applicant must maintain a minimum balance of RM100,000 (US$ 22,408) throughout their stay in Malaysia.

https://2ndpassports.com/malaysia-citize...nvestment/


Singapore citizenship by investment costs roughly $2 million or more (they keep raising the price) and it does not allow dual citizenship.


You can see why Asia is not discussed much regarding citizenship. It takes either much money or much time or you must learn the local language -- and you typically must give up your original citizenship.
(This post was last modified: 12-05-2018 11:02 AM by Tail Gunner.)
12-05-2018 10:49 AM
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Tail Gunner Offline
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Post: #127
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
Brazil just launched a golden visa residency scheme that can result in citizenship in four years. So, why is this a good deal if you can simply live in Brazil for four years and gain citizenship? The purchase of real estate in Brazil seems to replace the four-year time-in-country requirement. So, if you cannot live in Brazil for four years -- but you can make the required investment -- then you can still obtain citizenship after four years. Just bear in mind that Brazil has a long history of capital controls. So, be prepared for the possibility that the investment might be a long-term hold (or perhaps a shift into a more lucrative Brazilian investment after you gain citizenship).

Quote:On the back of the new Migration Law which came into force at the end of 2017, the Ministry of Labour has instated a new residence visa route for foreigners. Overseas property investors investing at least BRL 1 million (approximately USD 260,000) in Brazilian real estate will be given the right to reside in the country.

An even lower qualification spend level of BRL 700,000 will be available for properties in the North and Northeast of Brazil.

The investment will only apply to urban and not rural property, and upon making the investment the foreign investor must live in Brazil for 30 days and then will be granted a two-year provisional residency visa.

If by the end of this period the property is still owned by the foreign investor and is in a good state of conservation, the visa becomes permanent.

Once the foreign investor has spent four years as a resident, they will then become eligible for naturalization and can obtain a Brazilian passport.

https://fly2let.co.uk/brazil-launches-go...cy-scheme/
(This post was last modified: 01-13-2019 05:06 PM by Tail Gunner.)
01-13-2019 05:04 PM
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Tail Gunner Offline
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Post: #128
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
Here is a decent article that goes through the process, step-by-step, for obtaining a citizenship by investment. While this particular process pertains to obtaining a Dominican citizenship, the process is more or less the same for other citizenship by investment programs.

https://www.caribbeannewsnow.com/2019/07...ilestones/
(This post was last modified: 07-17-2019 09:41 AM by Tail Gunner.)
07-17-2019 09:40 AM
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conspirator Offline
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Post: #129
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
It´s really hard to understand how can people fall for the direct citizenship by investment programs. They are simply scams. No country can sell their nationality. Unless it´s a worthless nationality. Any country with a reasonable nationality will realize by selling it without any other requirement than money it will devalue it until it becomes worthless.
The smart holders of citizen investment programs know their passports are provisional and can be taken away at any minute by the same government which gave them. Also other countries with bilateral agreements with now countries which decided to sell their nationality will soon impose requirements and renegotiate agreements ow visa waiver.

For you to receive nationality you need a connection to the country. Generally speaking language or culture.

Now talking about residency which can be obtained by spending money. It´s possible in a number of countries in EU. I will resume my comment to EU. Even though residency can be taken away at any moment.

A lot of EU countries have investment residency programs. But not all of them give possibility to permanent or even nationality. One thing is certain most of them require language and culture tests. It´s not automatic. The fact you can obtain nationality or permanent after X number of years doesn´t mean your temporary card will automatically be changed to PR or nationality. There are more requirements. Normally language tests. Some of this investment residency programs might NOT allow you to get PR or nationality. It´s a temporary card to be renewed. I´ve heard the greece program is valid only for 10 years. Non renewable.

There is no fast track.

Steps are:

1. Get temporary residency card by making an investment.
2. Know how long are you required to stay in the country per year to get PR or nationality.
3. Start studying the language and culture.
4. Pay some taxes in those countries.
5. After X amount of years required apply to PR or nationality after making the mandatory exams.
07-18-2019 05:46 PM
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Tail Gunner Offline
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Post: #130
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
(07-18-2019 05:46 PM)conspirator Wrote:  It´s really hard to understand how can people fall for the direct citizenship by investment programs. They are simply scams.

St. Kitts launched its CBI program 35 years ago -- and passport holders can enter visa-free or by visa upon arrival in 153 countries.

https://www.discusholdings.com/2019/07/1...ship-1984/

Yes, it is a 35-year-old scam. tard
(This post was last modified: 07-18-2019 09:59 PM by Tail Gunner.)
07-18-2019 09:58 PM
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conspirator Offline
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Post: #131
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
"The St. Kitts second passport program has crashed and burned… and good riddance to them. Applications are at an all time low, which is good news for an island that’s been decimated by unscrupulous developers and passport brokers.

Applications to the St. Kitts and Nevis Citizenship by Investment Program have fallen to 150 in 2016 compared to nearly 2,000 in 2014 according to various news outlets. In total, over 10,000 people have purchased passports from St. Kitts and it accounted for a significant portion of the government’s revenues through 2015.

The IMF estimates revenue from the program to St. Kitts at about $37 million per year for 2014 and 2015. It’s obviously a small fraction of this for 2016… and 2017 is not looking any better.

One reason St. Kitts fell out of favor is that they oversold the program. St. Kitts was hot for a time and drew the attention of immigration officials around the world. For example, Canada revoked their visa free status a few years back and 60 Minutes did a hit piece on them January of 2017. To see the program, click Passports For Sale.

For these same reasons I never recommend any of the real estate programs out there. If you plan to live in the country from which you buy the passport great. If you just want the citizenship, don’t waste your time with real estate. It does great harm to the local economy and wastes precious resources, pushing up prices throughout the Caribbean.

The exception to this rule is Malta. This country requires you live on the island and wants you to become part of the community before granting you citizenship. At $1.2 million, Malta’s offer is much more than a cash for passport program."

https://www.escapeartist.com/blog/st-kit...hes-burns/

This is common sense. You cannot buy citizenship. Unless there´s another connection. I know people who bought citizenship in this places who are also doing norma path in other countries, because they know it´s unstable. It´s fake. They even want the normal path do be done with their original/normal citizenship. Not the bought one. Even though in some cases it would be easier for them.

Countries will not only revoke. Immigration officers will receive notice to "complicate" entrance for some passports. It loses value. No country can sell citizenship unless there´s another connection. If it´s small numbers and goes undetected maybe they can pull it off for some time. But it´s not definitve. Anyone who tells you differently is lying too you. And doesn’t understand how government works. It can take more or less time. Matter of luck.
(This post was last modified: 07-19-2019 05:44 AM by conspirator.)
07-19-2019 05:26 AM
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Tail Gunner Offline
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Post: #132
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
(07-19-2019 05:26 AM)conspirator Wrote:  "The St. Kitts second passport program has crashed and burned… and good riddance to them. Applications are at an all time low, which is good news for an island that’s been decimated by unscrupulous developers and passport brokers.

Applications to the St. Kitts and Nevis Citizenship by Investment Program have fallen to 150 in 2016 compared to nearly 2,000 in 2014 according to various news outlets. In total, over 10,000 people have purchased passports from St. Kitts and it accounted for a significant portion of the government’s revenues through 2015.

The IMF estimates revenue from the program to St. Kitts at about $37 million per year for 2014 and 2015. It’s obviously a small fraction of this for 2016… and 2017 is not looking any better.

One reason St. Kitts fell out of favor is that they oversold the program. St. Kitts was hot for a time and drew the attention of immigration officials around the world. For example, Canada revoked their visa free status a few years back and 60 Minutes did a hit piece on them January of 2017. To see the program, click Passports For Sale.

For these same reasons I never recommend any of the real estate programs out there. If you plan to live in the country from which you buy the passport great. If you just want the citizenship, don’t waste your time with real estate. It does great harm to the local economy and wastes precious resources, pushing up prices throughout the Caribbean.

The exception to this rule is Malta. This country requires you live on the island and wants you to become part of the community before granting you citizenship. At $1.2 million, Malta’s offer is much more than a cash for passport program."

https://www.escapeartist.com/blog/st-kit...hes-burns/

This is common sense. You cannot buy citizenship. Unless there´s another connection. I know people who bought citizenship in this places who are also doing norma path in other countries, because they know it´s unstable. It´s fake. They even want the normal path do be done with their original/normal citizenship. Not the bought one. Even though in some cases it would be easier for them.

Countries will not only revoke. Immigration officers will receive notice to "complicate" entrance for some passports. It loses value. No country can sell citizenship unless there´s another connection. If it´s small numbers and goes undetected maybe they can pull it off for some time. But it´s not definitve. Anyone who tells you differently is lying too you. And doesn’t understand how government works. It can take more or less time. Matter of luck.

Your exact words: "They are simply scams." These CBI programs are definitionally not scams.

Now, you might make the argument that they are not good value, but they are most certainly not scams -- and they make sense for certain people.

In fact, the very same article that you cited refutes your claim that these CBI programs are scams:

Quote:St. Kitts failing is not a result of problems in the second passport industry. In fact, various sources value the total passport for sale market at over $8 billion per year. It’s growing quickly as Americans look to escape the IRS and Chinese move to improve their passports.

* * *

There are plenty of great passport for purchase options out there. For example, Dominica is low cost at $100,000. For more see: A Second Passport from Dominica is the Best Value in the Caribbean

Then there’s St. Lucia at about $130,000. For more, see: Changes to the St. Lucia Second Passport Program in 2017

What I really like about St. Lucia is that you can buy a government bond for $500,000, pay $50,000 in fees, and get your investment back in 5 years. No real estate to buy, no scamming developer to deal with, and no government representative to bribe.

The St. Lucia program will tie up your capital interest free for 5 years and save you about $80,000. The larger your family, the more the bond program will save you.

https://www.escapeartist.com/blog/st-kit...hes-burns/
(This post was last modified: 07-19-2019 09:04 AM by Tail Gunner.)
07-19-2019 08:57 AM
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Georgepithyou Offline
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Post: #133
RE: Obtain Second Citizenship: Comprehensive Review of Citizenship by Investment Programs
You can get citzenship in turkey through investment, homes are pretty cheap there
07-19-2019 11:09 PM
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