Due diligence is an investigation or audit of a person or company to confirm all facts, that might include the review of background information, financial records, before being approved under the citizenship scheme. Due diligence can also apply to individuals, companies, products, services, online activities (social media) and other financial transactions. Due diligence is at the heart of investor citizenship and…
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 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 offer automatic diplomatic immunity. Only certain class of diplomats receive this benefit. Infact diplomatic passports are more weak…
Montenegro opened a brand new citizenship by investment program (CIP) in 2018 and applications are currently accepted for real estate investments above €250,000 First of all, know that two words Monte plus Negro means “Black mountain” Montenegro is a very beautiful country, and you should not think even for a moment to buy a holiday property in this country. Budva,…
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…
Many clients often dont know about the limited quotas available with Citizenship by investment (CBI) schemes. CBI schemes are limited time opportunity and you have to make the best use of it! The Caribbean schemes in general, do not impose any quota limits but limited citizenship quotas do apply for European schemes. Note there is a difference between annual quota limit…
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…
