Citizenship by
investment, the name says it all. In general, it can be said that a person can
acquire the citizenship of any country if he\she has the ability to invest a
specific amount of money for different projects. Back in 1984, an amendment to
the law was made by offering citizenship to the foreigners on the basis of
their investment. There are many places in world where citizenship by
investment can be acquired and St.
Kitts and Nevis is one of those places. In
fact, in many countries governments have launched different schemes and
programs other than granting citizenship by investment to facilitate hi-fi
businessmen. All of these programs are backed by government and the relative
departments. There are definite rules and regulations in every country in order
to acquire citizenship on the basis on investment.
Governments have
deployed special agents behind every hi-fi real estate businessman so that they
can estimate the amount of investment being installed in their country.
Usually, government grants citizenship to those investors who have invested
significant and handsome amount of money for the project. In every country,
there are certain limits which must be exceeded in order to achieve citizenship
on the basis on investment. There are certain countries which only grant
citizenship to only those who invest in the field of real estate. If an
investor fulfills all the mentioned requirements for achieving the citizenshipby investment then a legal document in the name of certificate will be granted
to the successful candidates by the government of the respective country for
the further processes. Usually the letterhead of the certificate remains
“Government Certificate of Registration” in many countries. On the basis of
that certificate, an investor can call him\herself the semi-citizen of that
specific country until the paper work gets completed. Usually it takes up to a
month for complete investigation and issuance of necessary legal documents or
papers. They can even apply for the driving license by only submitting the copy
of that certificate.
Government has
set some rules and regulation in order to apply for the grant of citizenship on
the basis on investment. If an investor is applying for the first time only for
his\herself then a fee of $35,000 must be submitted by the applicant at the
time of application. If the investor wants to register any additional family
member then $15,000 per person is the fee for every individual. Hence, an
investor must has to spent around $250,000 on average at different stages in
order to achieve full fledge citizenship on the basis of investment. In case,
if an investor gets failed or disqualified for the grant of citizenship then
the government is subjected to return full fee without holding a single penny
within a definite period.
