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In October of 2024, the minimum real estate investment requirement for citizens ship in St. Kitts and Nevis was reduced from $400,000 to $325,000, which makes this second passport option an even ...
St. Kitts and Nevis has long been considered a reliable option for individuals seeking citizenship by investment. With a real estate investment of at least $200,000, investors can apply for ...
The citizenship-by-investment program and the relationship between Henley and the Malta government was criticized at the time. [35] Critics in Malta argued that the concessions to Henley were overly lucrative and may have entailed conflicts of interest. [35] Henley received 4% of each donation, which meant €26,000 per application for ...
Turkey offers Turkish Citizenship by Investment (TCBI). Investors are required to purchase real estate worth at least US$400,000 and hold it for 3 years or deposit US$500,000 in a bank in Turkey for a period of 3 years. Upon investing as above and submitting citizenship application duly, a Turkish passport is granted typically within 6 months.
The distinction between the meaning of the terms citizenship and nationality is not always clear in the English language and differs by country. Generally, nationality refers to a person's legal belonging to a sovereign state and is the common term used in international treaties when addressing members of a country, while citizenship usually means the set of rights and duties a person has in ...
The advertisements are everywhere — on transatlantic flights to Europe, on websites and in trade magazines: For as little as $100,000, you can buy a second citizenship. On a tropical island!
The economic impact of citizenship by investment programs is mainly a function of the monetary inflows as well as how such programs operate. The primary impact is generally achieved through an investment in the real estate sector of a country, which in turn can significantly boost local economies.
In 2013, Henley & Partners participated in a public tender and won the right to design and globally promote Malta's citizenship-by-investment program, the Malta Individual Investor Programme (IIP), which raised over $1 billion within 18 months of its launch. [37] However, the public tender was not competitive. [38]
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