Montserrat, one of the fourteen british overseas territories in the Caribbean explored the idea of Economic citizenship scheme in 2015 to bring economic developments in to the country with only 4500 people living in the island. The country struggling to revive economy with GDP of only $63 million, one of the lowest in the world. In 1995, the dormant Soufrière Hills…
Bulgaria is a super interesting country to become a citizen by investment. Considering Bulgaria is a EU member state and likely to join schengen area in the future, things get more interesting in Bulgaria. So what you should know about Bulgaria citizenship by investment (BCBI)? Bulgaria has low corporate taxes, easy business formations, low cost of living and cheap property…
Explore the intricacies of extradition law and dual criminality of fugitives. Gain insights into the extradition treaties signed by CBI countries on mutual legal assistance.
Golden visa schemes offer instant residency against investments in real estate, in businesses or buying state debt through bonds or securities. The speed of processing is very important deciding factor when applying for golden visa schemes. Afterall you spend huge sum of money and you dont want to wait for years to get your residence approval. In Europe, the immigration…
The Automatic CRS standard developed by OECD in 2014 allows jurisdictions to automatically exchange bank account information with between tax authorities on a global level, on an annual basis to prevent tax evasion. Currently, there over 100 jurisdictions having committed to exchanging information with each other under the CRS. India, China, Russia joined the CRS implementation in 2018 along with…
Many wrongly assume diplomatic passports are given to important government officials automatically come with diplomatic immunity. This is simply NOT true. This is because of the limited understanding on the diplomatic rules and engagement. One must clearly understand that diplomatic passports do not come with automatic diplomatic immunity. Only certain class of diplomats receive this benefit. The diplomatic immunity is…
Belgium is an exciting country to live, work and do business in Europe. The country offers excellent healthcare, education, super high standards of living and a powerful EU passport. One inway to acquire Belgium long term investor residency for self employed investors and entrepreneurs is through professional card. Foreigners including third country nationals can acquire Belgian residence through investment by…
The Government of St Lucia announced new prices for CIP by making changes to Citizenship by Investment (Amendment) Regulations in May 2019. The changes has been published in the official gazette. The prices remain almost the change except the real estate Govt fee has been slightly reduced to $30,000 (from $50,000) Another important change introduced in 2019, were processing time…
Romania offers citizenship and residency to foreign investors who commit to invest in Romanian businesses and job creation. The naturalization time is reduced by half for citizenship, if the foreigners invest atleast EUR 1 million or more under the currently citizenship legislation. Romania is a EU member state, but currently in the process of joining schengen area. Romania has committed…
Naturalisation refers to the range of procedures to grant citizenship of a given country to a foreign national on the basis of the notion of the individual’s ‘genuine link’ or ‘genuine connection with the state. Naturalized citizens are also dual nationals but depends on the state if dual nationality is permitted or not. There are three types of naturalization that…
