By far the cheapest deal for citizenship is on the tiny Caribbean island of Dominica. For an investment of $100,000 plus various fees, as well as an in-person interview on the island, citizenship can be bought. Just like you diversify an investment portfolio, you want to diversify your passport portfolio, he says. The option has proven popular with Chinese and Russian citizens, as well as those from the Middle East. Cash-strapped countries have taken notice. In the past year alone, new programmes have been introduced in Antigua and Barbuda, Grenada, Malta, the Netherlands and Spain that either allow direct citizenship by investment or offer routes to citizenship for wealthy investors. However, concerns have been raised about transparency and accountability. In January, Viviane Reding, vice-president of the European Commission, said in a speech: Citizenship must not be up for sale. But for now, at least, it seems that those with money to spare are in luck, with half a dozen countries offering a direct citizenship-by-investment route with no residency requirements. Essentially, citizenship that is very much for sale.
Posted on: Wed, 04 Jun 2014 09:36:50 +0000
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