Georgia citizenship by investment

[HardRJones]

https://www.imidaily.com/europe/geo...-contribution-citizenship-program-in-beijing/

They announced three investment tiers, one being a €250000 contribution. It seems like a lot of people here bank or otherwise have interests in Georgia.

 

[daniels27]

Will you invest your money there?

 

[HardRJones]

daniels27 said:
Will you invest your money there?
Click to expand...

Not at the moment. I have little interest in Georgia right now. Merely highlighting an item of potential interest from a news site.

 

[daniels27]

Any idea how much those funds pay?

 

[HardRJones]

daniels27 said:
Any idea how much those funds pay?
Click to expand...

According to the slides linked in the article, Option 1 is a business investment that creates at least 10 jobs. Option 2 returns 0% and the principal at the end of the period. Option 3 is a non-refundable contribution. No source of funds will be required per the slides. It looks to be built upon Georgia's citizenship by exception laws. The rest of the slides appear to be marketing fluff about Georgia's business environment, international schools, and visa free travel.

 

[daniels27]

Ok. Can I get some investors to chip in 3M, 10 jobs and then I get the citizenship?

I think it is a good option for all those with dirty crypto money still laying around in EUSSR.

 

[Martin Everson]

HardRJones said:
https://www.imidaily.com/europe/geo...-contribution-citizenship-program-in-beijing/

They announced three investment tiers, one being a €250000 contribution. It seems like a lot of people here bank or otherwise have interests in Georgia.
Click to expand...

Article reads like it is for Chinese only or being marketed to them. It is not clear if it is for non-Chinese. But for 250k I think every Russian millionaire would apply for this passport by tomorrow morning....lol.

P.S They would only need 4,000 Chinese applicants to reach the $1bn target.

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[aragon]

HardRJones said:
No source of funds will be required per the slides.
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I guess it won't be long until the EU suspends Georgia's visa-free entry policy.

 

[HardRJones]

IMI Daily removed the link but I pulled down the original presentation before it vanished. I've uploaded the PDF at the link below:

https://files.catbox.moe/8qd6i6.pdf

 

[wellington]

1) They accept Crypto?
2) Its a Government Payment process or third-party ?
3) The 250k is entire family or individual?

 

[wellington]

Just checked 300k but unsure if individual or family.
Also background checks etc (which means all applicants and source of wealth).

 

[JackAlabama]

big question is: are these newly minted citizens exempted from military drafts? Will it extend to all children etc?
Im staying away bigly from this region, dont wanna pay sweet cash and be in the meat grinder afterwards.

 

[Martin Everson]

aragon said:
I guess it won't be long until the EU suspends Georgia's visa-free entry policy.
Click to expand...

Yes the EU relationship after Georgia passed its foreign agents bill and election results has killed any close relationship with EU they enjoyed in past. Georgian government is looking east now and closer ties with neighbors. No point turning your country into Ukraine for whims of EU....lol. They have been there and done that in 2008.

JackAlabama said:
big question is: are these newly minted citizens exempted from military drafts? Will it extend to all children etc?
Click to expand...

If your over 27 military service does not apply. But one can assume it will pass to your kids if they have citizenship.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[SCHLOSSFINANZ]

seems the programme was scrapped, nothing to found anywhere