There are many different ways of obtaining citizenship that is legal and valid. Of course, the rules vary from country to country, and even from time to time. But, the most common methods of getting citizenship are:
Birthplace – Citizenship is determined by the place in which you are born. If you are born on the soil of the country, you get citizenship – such as in US & Canada. Some countries require at least one of the parents to be a citizen, in order to give citizenship by birth to the child.
Parents Nationality – Citizenship of the child is determined by the nationality of one or both parents, irrespective of where in the world the child is born. Several European countries grant citizenship by descent based on up to 2-3 generations of ancestorship.
Naturalization – Laws of certain countries permit that if an individual has lived in the country for a certain number of years, and met specified criteria, such person can get citizenship by naturalization. Benefits, rights and obligations of naturalized citizens may or may not be the same as that of natural-born citizens of the country.
Citizenship by Investment/ Economic Citizenship/ Investment Citizenship – This is another legal method of getting citizenship of a country. Such a method of obtaining citizenship requires you to make a financial investment in the country. There are rules attached to the investment, which are both monetary, and also relating to the channel of investment. Typically, investment is to be made in the form of contribution to a Government fund, investment in approved real estate, or investment in an approved business. Due to the simplicity, convenience and quick turnaround of the citizenship by investment model, it is becoming very popular. Especially in the last 30 years, the citizenship by investment route has become widely accepted, and has been introduced by more and more countries, after St Kitts & Nevis pioneered the program in 1984. Pursuant to the successful St Kitts & Nevis citizenship by investment program, many other Caribbean countries followed suit, such as Dominica, Grenada, St Lucia, and Antigua & Barbuda. All of these countries have a successful track record of second citizenship programs and have helped thousands of families in getting greater opportunities in life, work, travel, education, and employment. The investment rules and budgets may vary from country to country, but the basic criteria for these citizenship by investment programs is broadly similar.
In Europe too, many countries now offer citizenship by investment programs, with the Cyprus citizenship by investment program being the fastest citizenship by investment in the European Union. With an investment of EUR 2 Million upwards, you can get EU citizenship by investment, without any residency requirements.
Citizenship is, of course, different from residency. The difference between citizenship by investment programs and residency programs being that citizenship is for life, but not residency. Citizenship does not require relocation, residency does. Citizenship can’t be revoked, residency can. Citizenship can be passed on to descendants, but not residency.
For more information please visit www.passpro.co/ar
3 Months Ago, Friday, August 10, 2018, 06:02:47