A citizenship by investment programme is offered by first-world countries that are already highly developed. They are designed especially for businessmen and women who would be interested in investing their foreign capital into the company. After you have invested capital, you are generally granted a passport that allows you residence in the country, as well as visa-free travel in related countries. After the passport has expired, further steps will be taken to grant you the right to live within the country.
WHAT ARE THE REQUIREMENTS?
The requirements for investor immigration programmes vary from country to country. Some require a relatively small investment (such as 200,000 USD) while others require a much greater investment (1 million USD or more). Often, this can be invested in the charity that is designated by the stipulations of the program, or in real estate. In some cases, having enough capital invested in a bank account is also sufficient.
WHO DOES IT BENEFIT?
Citizenship investment is a process that benefits both parties. First, the investor is benefited once they meet requirements because they are legally allowed to settle in the country. Despite their initial reason for investment, they also usually receive other benefits such as travel to certain countries, the ability to work in certain countries, and more.
GLOBAL CITIZENSHIP EXPLAINED
The countries that offer investor immigration programmes also benefit. These programmes were originally created to allow first-world countries to attract business people and their foreign capital into the country. They are benefited because the investors must often donate to a certain charity, or make another significant contribution to the country before citizenship is granted.
After the initial investment is made and proper documentation is provided, the country will spend a few months processing your second passport. This will allow you to reside in the country, visit some other countries visa-free, and offers various other benefits, depending on the issuing country. Once the passport has been issued, it is usually valid for a period between 2 and 10 years. After this initial period, you will be able to take the necessary steps to ensure a legal residency within the country if you choose.
GLOBAL CITIZENSHIP CAPE TOWN
While many expats and South Africans from other parts of the country flock to Cape Town, there is also a growing trend of wealthy business owners that have been in contact to explore their international citizenship options. Cape Town, affectionately dubbed “The Mother City”, is home to a number of high profile businesses largely due to the high quality of living and the city’s designation as a “tech hub”.
GLOBAL CITIZENSHIP JOHANNESBURG
Johannesburg has for many years attracted people from all over South Africa and the world. It boasts a thriving metropolis and a wide variety of activities and attractions to keep it’s residents fully entertained. We have found in the last couple of years that Johannesburg has generated more enquiries for expatriation and buying a passport than any other area in South Africa. This is in part due to the turmultuous economic nature of South Africa, as well as the fact that the city is a hub for international businesses and entrepreneurs.