Citizenship by Investment in Saint-Kitts and Nevis
In this article we shall focus on the oldest second citizenship by investment program in the world – Saint-Kitts & Nevis. The program was established in 1984. Regulations regarding citizenship-by-investment are contained in Part II, Section 3 (5) of the Citizenship Act, 1984. After amendments and effective from April 2018, the two following investment options eligible for citizenship applications are available:
- Real Estate Investment The minimum real estate investment required by law is USD 200,000 (resalable after 7 years) or USD 400,000 (resalable after 5 years) for each main applicant. Investor must also be ready to pay non-refundable government fees USD 35,000 per principal applicant, USD 25,000 per spouse, and USD 10,000 per each dependent child. It is easy to calculate that for a family of four members it makes USD 75,000 of non-refundable expenses. The important condition of real estate option is that you cannot sell your property during the first five years after the purchase without losing citizenship. If you sell your property before 5 or 7 years are expired, citizenship will be revoked.
- The Sustainable Growth Fund option requires non-refundable contribution (donation) of USD 150,000 for a single applicant or USD 195,000 for a family of 4 members. Additional family members regardless of age will be expected to pay USD 10,000 each. All the others government fees with the exception of due diligence fees are included.
Citizenship by Investment in Saint Lucia
Saint Lucia citizenship by investment program was introduced in 2015 to become the fifth citizenship program in the Caribbean (the other players are St. Kitts & Nevis, Dominica, Antigua & Barbuda, Grenada). All the five Caribbean citizenship programs are more or less similar by required investment level and qualification criteria. Against this background, Saint Lucia stands out by more investment options than in other programs (e.g. refundable government bond investment option can be found only citizenship legislation of Saint Lucia and not available in other countries of the Caribbean). read more
Vanuatu Citizenship by Investment
Starting from January 2017, the Government of the Republic of Vanuatu has launched the Development Support Program (DSP) for the purpose of raising funds to support infrastructure and promoting economic development of the country. The citizenship by investment is a new provision enacted under the Citizenship Act with the powers conferred on the Prime Minister. Candidates may apply for Vanuatu Honorary Citizenship by contributions to the Government of USD 80,000 per single applicant or USD 130,000 for up to 4 family members family. The citizenship by investment acquired under the program is fully recognized by the Government of Vanuatu and the nationality is regarded as Ni-Vanuatu (Vanuatu citizen). Those applying for and receiving citizenship by investment have the full right to reside in Vanuatu at all times and the passport is renewable upon expiry. Moreover, citizenship is inherited by future generations. The applicant must not have any criminal record and must be of high standing in his or her community, organization, society or country. Passports are valid for a period of 5 years renewable for the same period. read more
Citizenship by Investment in Cyprus
On the basis of a Council of Ministers’ Decision dated 24th of May 2013 foreign investors can acquire citizenship of Cyprus by investment of 2,000,000 – 2,500,0000 EUR depending on the chosen investment option (naturalization by exception). Key benefits of the Cyprus (EU) citizenship: 1) Free travel, residence, and work within the EU, 2) All family members (spouse, children under 18 years, and adult dependent children over 18 years and up to 28 years) can obtain Cyprus citizenship together with the investor, 3) No requirement to physically reside in Cyprus before the application or after obtaining the citizenship.
Bulgarian (EU) Citizenship by Investment - Fast Track Option
On February 23, 2013, new important amendments in the Investment Promotion Act and resulting changes in the Foreigners in the Republic of Bulgaria Act and the Bulgarian Citizenship Act came in force. The Bulgarian language competence requirement and the relinquishment of the current nationality requirement for applicants who invest in government bonds are waived. These changes make the Bulgarian Residency and Citizenship Program even more attractive. Moreover, new option is introduced for those applicants who invest additional EUR 512,000 that can be invested again into secure Government bonds. Those who double the investment will have the privilege of being able to apply for Bulgarian citizenship after 1 year with permanent residency status (instead of 5 years). After citizenship is granted the applicant will be expected to maintain the investments for a period of two more years. read more
Investment Programs in Comparison
“Elma Global” is one of the leading companies in the world in the sphere of relocation, and acquiring various immigration statuses: temporary residence permits, permanent residencies, second citizenship and second passports. The main offices are located in Moscow and Ukraine. Also, we have a vast network of business partners in the most attractive jurisdictions of the world (Canada, USA, United Kingdom, Switzerland, Bulgaria, Cyprus, Malta, Hong Kong, Singapore and some other countries). Below you can find our analysis of the most attractive investment programs of the world. read more
Citizenship of China
Citizenship information is based upon The Nationality Law of the People's Republic of China (PRC), dated September 10, 1980. On December 20, 1999, Macao became a Special Administrative Region of the People's Republic of China. The citizenship laws concerning Macao are based on the Interpretations of the Standing Committee of the National People's Congress on the Implementation of the Nationality Law of the People's Republic of China in the Macao Special Administrative Region, dated December 20, 1999. Citizenship of China can be acquired in several ways: by birth, by descent, or by naturalization.
Citizenship of India
Acquisition and loss of Indian citizenship is based upon the Citizenship Act of 1955. Despite the variety of states, peoples, and languages in India, the law recognizes only Indian citizenship. Dual citizenship is not recognized. So, in case an Indian citizen acquires a foreign citizenship he loses citizenship of India. One can get citizenship of India by birth, by descent, or by naturalization. Citizenship by birth: child born within the territory of India, regardless of the nationality of the parents, becomes an Indian citizen. Though the law of India does recognize citizenship through birth in the country, unless the citizenship is actively applied for, the Indian government does not consider the child a citizen of India. The person has the right to return to India upon reaching the age of 18 and applying for Indian citizenship. read more
Honorary Consulate and Diplomatic Passport
It must be noted that many fraudulent and scam web-sites in the Internet offer Diplomatic Appointments and Diplomatic Passports. Experts of Elma Global, who have some practical experience in providing legal service for prospective Honorary Consuls to be appointed to the Russian Federation, Ukraine, and to Kazakhstan, are very skeptical about these offers. Diplomatic Positions even in the undeveloped and in the poorest countries are normally meant for career diplomats who enjoy full immunity and full privileges and not for businessmen. Nevertheless, there is no smoke without fire. Surprisingly enough the appointment of Honorary Consuls with many privileges is legally possible in some cases. A foreign government which feels that some form of representation in another country is desirable to complement the activities of its Embassy or Consulate may appoint a person who has not hitherto been part of their diplomatic service to fulfill this role. Honorary Consul may combine the position with his own commercial and business activities, and in some instances, may not even be a citizen of the sending country. Such consular appointments are usually given the title of Honorary Consul. These Honorary Consuls are not career officials of the represented state. Some of them are locally-engaged staff with the nationality of the sending country, and in smaller cities, or in cities that are very distant from full-time diplomatic missions. read more