It's still some money you need to have bound in the country of your choice. As we have discussed in some of the many threads already, you won't look for these options unless you have at least 500K in profits a year.
Becoming Familiar With the Citizenship for Investment Program – Any Worth?
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does someone know what it takes to get a Russian (real) passport - what investment are we speaking?
Russia is launching its own Golden Passport program this year:
https://www.dandreapartners.com/rus... the ways to,Government bonds or real estate.︃
Regarding citizenship by investment, I have read that you can either start a new business︄ or invest in an existing Russian business to qualify. The business must generate 10 million︅ rubles in taxable revenue each year for three years. I have also read other articles︆ stating that there is no Russian citizenship by investment program. Perhaps the Russian government eliminated︇ the CBI program in favor of a Golden Passport program.
https://www.dandreapartners.com/rus... the ways to,Government bonds or real estate.︃
Regarding citizenship by investment, I have read that you can either start a new business︄ or invest in an existing Russian business to qualify. The business must generate 10 million︅ rubles in taxable revenue each year for three years. I have also read other articles︆ stating that there is no Russian citizenship by investment program. Perhaps the Russian government eliminated︇ the CBI program in favor of a Golden Passport program.
First, the topic said "Russia is launching its own Golden Passport program this year"
Second, the article said "Successful applicants are expected to gain a number of rights similar to the citizens of the country alongside simplified procedures to work and reside in Russia."
Third, I wrote "It is such a good feeling to see some people considering Russian citizenship and compulsory military service..."
heh
Second, the article said "Successful applicants are expected to gain a number of rights similar to the citizens of the country alongside simplified procedures to work and reside in Russia."
Third, I wrote "It is such a good feeling to see some people considering Russian citizenship and compulsory military service..."
heh
What this "argument" was why I called it as a citizenship program instead of a Golden Visa while it is just a residency offering quite a lot of same rights as citizenship.... My opinion remains the same: too many wealth and tax reporting requirements, foreign exchange controls, blacklisted Russian financial institutions, possible military service etc etc. I would steer clear off this Golden Visa
Thank you for this awesome article, I had a pleasure to read the stuff there, please let me of all of this come.
I believe they dropped it for a while 🙂
What is the different between a Golden Visa and Citizenship program and Citizenship by investment?
What is the different between a Golden Visa and Citizenship program and Citizenship by investment?
Ask the stupid journalists who are using these and mixing them up carelessly
Imitially the Spanish and Portuguese immigration professional started to call and market their residency-by-investment programs as Golden Visas, and later the journalists started to use the "Golden Visa" expression for citizenship-by-investment programs which of course is false as visas have nothing to do with citizenship...
Imitially the Spanish and Portuguese immigration professional started to call and market their residency-by-investment programs as Golden Visas, and later the journalists started to use the "Golden Visa" expression for citizenship-by-investment programs which of course is false as visas have nothing to do with citizenship...
Well, I guess the cheapest are those where you buy a property or make a bank deposit. Assuming the property is at market price it is technically not a cost.
In Egypt you can get citizenship by buying a property for at least 300k USD, in Turkey for 400k USD.
In Egypt and Turkey you can also get it by making a bank deposit of 500k to a local bank. But for Egypt you have to convert to local currency hold it for three years and you earn no interest, which sounds like a very︀ bad deal given that the EGP is plummeting.
Then we have the Caribbean ones, where︁ I think Dominica, St Lucia and Antigua are still at 100k (plus lawyer and other︂ fees) to get citizenship, but they are planning on increasing the cost.
Vanuatu citizenship costs︃ 130k USD.
Comoros islands used to have the cheapest official citizenship by investment program at︄ 45k USD, but they have suspended it.
But then unofficially in many African countries with︅ some connections, it is possible to get citizenship for much less. The Lebanese community in︆ various African countries usually know the ropes around this.
In Egypt you can get citizenship by buying a property for at least 300k USD, in Turkey for 400k USD.
In Egypt and Turkey you can also get it by making a bank deposit of 500k to a local bank. But for Egypt you have to convert to local currency hold it for three years and you earn no interest, which sounds like a very︀ bad deal given that the EGP is plummeting.
Then we have the Caribbean ones, where︁ I think Dominica, St Lucia and Antigua are still at 100k (plus lawyer and other︂ fees) to get citizenship, but they are planning on increasing the cost.
Vanuatu citizenship costs︃ 130k USD.
Comoros islands used to have the cheapest official citizenship by investment program at︄ 45k USD, but they have suspended it.
But then unofficially in many African countries with︅ some connections, it is possible to get citizenship for much less. The Lebanese community in︆ various African countries usually know the ropes around this.
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