Citizenship Factors to Consider
When deciding on a country in which to become a new citizen, there are a number of citizenship factors to consider:
Residence Requirements
- Do you have to attend the country in person?
- Is there a minimum stay required each year?
Ease and Speed of Application
- How long will the application take?
- Is the application process complicated?
Legality of the Programme
- Is the programme legitimate?
- Is the investment externally audited?
- Has the programme been ‘tried and tested’?
Reputation and Recognition
- Does the passport allow visa-free travel to countries you visit?
- Does the programme have a good reputation?
Investment Level
- What is the minimum investment required?
- Are there multiple investment options?
- Can the investment return a profit?
- If the application is not successful, is the investment refunded?
- If necessary, can the investment be managed on your behalf?
Stability of Country
- Is the country politically and economically stable?
- Does the country have good diplomatic relations with major countries?
Citizenship Obligations
- Are there any special obligations you must comply with as a citizen?
- Are there any restrictions you should be aware of as a citizen?
Coverage
- Are your children and spouse also able to become citizens?
- Does citizenship extend to future generations?
Privacy
- If your current nation’s control and intrusion into your personal affairs is concerning you, an alternative citizenship and second passport could assist.
Taxation
- Is taxation in the chosen country favourable to your international tax planning objectives?