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 citizenship by contributions to the Government. 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 Montenegro
Montenegro citizenship by investment scheme was open for applications effective from October 3, 2019. The relative legislation came into force on Jan 1, 2019 and will apply until Dec 31, 2021. It allows foreigners to be granted citizenship by investment; the quota (limitation) of 2000 foreign investors is in place. The program is a combination of non-refundable donation (EUR 100,000) plus refundable investment (EUR 250,000 – EUR 450,000). This means applicants must donate a grant to the government and also invest in development projects (hotels, resorts, commercial real estate, etc.) that create jobs in Montenegro and contribute to the development of economy in general. read more
Citizenship by Investment in Bulgaria
Amendments from December 2013 that allow fast track citizenship application make Bulgarian residency and citizenship program to be one of the best in EU. It is cheaper and more competitive than the similar passport schemes in Cyprus and Malta. In case of investment route, you apply for permanent residency first; government bond investment of 512,000 is needed. After five years, you will be able to apply for Bulgarian citizenship without additional investment. If the investor prefers to fast-track citizenship application, he can do so by doubling investment (another 512,000 EUR) 1 year from the date of residency approval.
Citizenship by Investment in Malta
The current version of citizenship-by-investment program in Malta is the second one (the first was Malta Individual Investor Program (IIP) that was in operation from 2014 till 30 of September 2020 and was closed due to end of quota). The official name of the current program is Malta Citizenship by Naturalization for Exceptional Services by Direct Investment. Citizenship obtained under the program is a full citizenship for life and can be passed on to future generations by descent. Malta is stable, neutral and highly respected country that gained independence from the United Kingdom in 1964 (now it is part of the Commonwealth of Nations) and became a republic in 1974. Malta was admitted to the United Nations in 1964 and to the European Union in 2004; in 2008 it became part of the Eurozone. Malta is also member of Schengen Agreement (since 2007).
Key Benefits of Maltese (EU) Citizenship:
- Free travel, residence, and work within the European Union (27 countries),
- All family members (spouse, children up to 29 years old, and parents above 55 years old) can obtain Maltese citizenship together with the investor,
- No requirement to physically reside in Malta before the application or after obtaining the citizenship. No language tests. The requirement to maintain 12 months of residency before naturalization is met by purchase or rent of property.
Permanent Residence in Bulgaria
Permanent Residence by Investment Program. The investor deposits BGN 1,000,000 (approximately EUR 512,000) in the Guaranteed Governmental Bond Portfolio for a period of 5 years. No further payment is required. At the end of the five-year period, the amount BGN 1,000,000 is returned to the investor with no accrued interest. The Investment is fully guaranteed by the government bonds. Benefits and Advantages on the Permanent Residence Scheme: Investor and all his family members (wife and minor children) get Permanent Residence in Bulgaria directly and immediately. Permanent residence gives the same rights as BG citizens, except voting. We would like to remind our readers that normally (without investment) foreigner must first obtain temporary residence permit in Bulgaria, then renew it annually, and only after 5 years or residence is entitled to apply for permanent residency.
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
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