Honorary citizenship is a status bestowed by a country on a foreign or native individual whom considered to be especially admirable, exceptional, worthy of the distinction. Several countries such as Germany, United States, Canada, Australia, Belgium, Cambodia, Germany, St Kitts and Nevis have awarded honorary citizenship to outstanding individuals. United States has awarded honorary citizenship to 8 individuals…
On 26 February 2019, the official government gazette of the Republic of Cyprus published the decision of the Council of Ministers, dated 13 February 2019, in which amendments to the Cyprus Investment Programme were approved — specifically with regard to acquiring Cypriot citizenship. The main changes, listed below, are coming into force on 15 May 2019: The investment…
UK has opened startup and innovative visa routes for applications for non-EU nationals outside EEA effective from March 29, 2019. The existing Entrepreneur (tier1) visa category has been removed and replaced with the startup and innovative visa categories. As a part of new changes, the £200,000 entrepreneur requirement reduced to £50,000 for innovative visa category Startup visa – No…
The Corporate Citizenship by investment (CCBI) is a new concept for business investors, only became popular after late 2010. The whole idea is applying investment model to acquire a citizenship through corporate investment. The investment must create jobs, sustainable development and economic growth in the country. Corporate citizenship is not citizenship by investment (CBI). The difference lies in…
Turkey has third powerful passport in the middle east regional rankings, in the latest update of passport rankings released by Henley and Partners. In the 2019 passport rankings, Turkey has the 50th best passport in the world with visa free access to 110 countries UAE had the best passport in middle east taking first sport, followed by Israel…
The Montenegro Government has officially announced that the Special citizenship by investment (SCIP) will be open for applications by end of 2019 (Q4) and will be fully functional in 2020. The Montenegro Citizenship by Investment Program started on 1 January 2019 and it will be limited to 2,000 investors over a 3-year period. According to the government decision,…
Citizenship by investment (CBI/CIP) programs have been more and more popular, along with with there arises certain confusion and problems since many applications do no ask very important questions when apply with their Agents. Applicants who turn to CIP are mostly successful businessmen or financially independent persons most do not care for voting or welfare rights. Any potential…
The Grenada Government has announced its commitment to make Grenada CBI more attractive and competitive. A bill for amendments for Grenada Citizenship by Investment Act 2019 has been debated in the lower house and will soon be implemented. Removal of permanent residence as a pre-requisite for citizenship Remove the requirements for dependent children between the ages of 18 and 30 to be…
The Golden visa schemes today runs in over 20 countries worldwide with US/Canada running the oldest in the world since 1990’s leading from the front. The golden visa attract some $10 billion annually We at Best Citizenships, designed a Points based scoring (PBS) model to rank golden visa schemes evaluating 10 most important ranking metrics. Our model has taken…
Home office has announced new changes to UK golden visa scheme known as tier1 investor visas effective from 29 March 2019. Here are the most important changes under the new reform proposed by Home office for tier1 investor and entrepreneur category Government bonds has been excluded Applicants must open a UK bank account complying with AML/Due diligence/KYC Hold…