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Citizenship by investment program, News

Currently, three countries under the Citizenship by Investment (CBI) program namely Saint Kitts & Nevis, Vanuatu, and Grenada are visa-free to travel to Russia. Adding to the roster of these countries with exclusive benefits, Dominica’s CBI program is set to gain a visa-free travel access to Russia, making it 4th under the program.

As reported by TASS, the Commonwealth of Dominica has been endorsed to a visa-free access by the Russian government. The agreement allows citizens of Russia and Dominica to travel to the respective locations within a three-month period at a time.

As stated from Russian cabinet’s official website: “The draft agreement waives visas for holders of Russian passports valid abroad, including diplomatic and service passports, and citizens of the Commonwealth of Dominica who hold diplomatic, service and regular passports, provided their stay does not exceed 90 days in any 180-day period.”

It’s been more than three months since Dominican Prime Minister Roosevelt Skerrit announced that his administration was in the final stages of negotiating visa-waiver agreements with both Russia and the UAE and that they were actively pursuing a similar agreement with China.

After more than three months of wait, the Russian visa-waiver agreement appears to be settled. More details shall be awaited when the agreement gets officially signed.

This week, Dominica has also announced to open an embassy and a consulate in the UAE, indicating a positive sign regarding the matter.

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Citizenship by investment program, News

Nicknamed the pearl of the Mediterranean, Montenegro is a south-eastern European country that boasts a mild climate with beautiful scenery and a rich culture that attract thousands of tourists every year. Because of this, Montenegro attracts foreign investors who are considering a second citizenship.

In October 2018, it has been announced that Montenegro will launch its own Citizenship by Investment Program. Over a three-year period, this CBI program will only permit 2,000 applicants and it would take 6 months for processing. In fact, application for the said program has already started and will be submitted to the Government of Montenegro.

Before applying for the CBI program, the investor should make an investment of at least EUR 250,000 first. After this step, the application must be reviewed by a consultancy agency and the applicant must attain a recommendation from Montenegro’s Ministry of Finance. With the consultancy agency’s certification and the Ministry of Finance’s recommendation, the foreign investor may forward the citizenship by investment application to the Montenegro immigration.

Foreign investors who wish to apply will have two investment options:

  •         EUR 250,000 real estate investment in an undeveloped area of the country, as defined by the Government;
  •         Or EUR 450,000 real estate investment in a developed area of the country.

Additionally, there will be EUR 100,000 charge that will be directed to a special fund for the underdeveloped areas of Montenegro.

With all these charges, is Montenegro’s Citizenship by investment worth the wait?

There are several advantages to obtaining this citizenship program, including is the visa-free travel on around 123 countries. With its stable government and low tax regimes, Montenegro is a place where there is room for economic boom. The country is also a member of NATO, which guarantees its safety to the foreign investors who consider this as their top priority for their business.

Obtaining its passport will surely be worth the wait given the possibility of Montenegro joining the EU in less than 7 years. With the country’s natural beauty, tourism in the north has also begun to greatly contribute to the nation. From Montenegro’s well-known beautiful sceneries such as Lake Skadar to the mountainous Kolasin, investing in Montenegro serves a great opportunity that has got even more desirable.

One can only imagine the promising series of luxury developments that Montenegro will unfold to its investors.

Yes, obtaining a Montenegrin citizenship by investment is worth the wait as it holds so much promise to those who want to expand their businesses.

Bayat Group is also able to provide meaningful advice and benefits to foreign investors far beyond those available from traditional sources of immigration and visa service providers. With our in-depth practical experience and knowledge worth over more than two decades, we will help you while you wait.

With Bayat Group’s extensive knowledge of Business Immigration Programs, we will deliver practical and effective legal solutions to your citizenship by investment program application. Contact us now for strategies and carefully-planned application process to your needs.

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News

Obtaining a second passport is most especially ideal for emerging world citizens who are lacking opportunities.

If you are a large investor in Dubai pondering on where to allot your investments and is considering expansion overseas while also increasing your travel benefits at the same time, you are advised to check up on the current business trend: citizenship by investment programs.

Citizenship deals will establishing a relationship between an individual and a nation state where the state grants rights such as the right to work and own property, and in return, the citizen will be upholding the state’s laws and customs.

Traditional means of acquiring citizenship are birth, naturalization and marriage. Naturalization is the process of getting a citizenship by residing in the country for a certain number of years. Apart from these, since 1984, investment in the host country has become a new way to obtain citizenship which is called ‘citizenship by investment’.

“What will my business get from a citizenship by investment?”

Citizenship by investment programs legally consult citizenship status sooner than the traditional immigration processes.

Increased global sales and personal safety are one of the many reasons to invest in a second citizenship. Depending on the scenario, applications can be approved in as little as three months. This will reap you great benefits: citizenship for life, a valid passport, visa-free travel and more. Citizenship by investment offers possibilities to high net worth investors.

A second passport provides numerous advantages: be it for tax reasons, business, or travel. The first thing you need to do is to identify the different countries you would like to travel to and guarantee if a second citizenship would give you the permission to travel there. For instance, if you need to visit a country for business purposes, check which citizenship by investment program offers such visa-free travel.

Most of the programs would allow you to visit over 100 countries without the hassle of processing visa, so investing on these programs provide you more time spent on expanding your business.

However, there is a risk in this great opportunity: there have been several reports of scam. As it involves great wealth for investment, you will need an assurance that your capital is going into the right place. Thus, it is recommendable to avail the services of a firm that produce optimum results in legal aspects and is safe and secured.

With practical experience and knowledge worth more than two decades, our professional practitioners will handle the process to prevent unnecessary expenses and facing rejections. You will need the assistance of a legal firm with extensive knowledge to simplify these regulations and to be able to manage your application successfully.

With the attainment of this second citizenship, you are set to become the best and establish your business internationally while enjoying the many benefits of a second passport.

Begin your international story with us by reaching out to us.

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Bayat Events, Citizenship by investment program, News

Experts argue that Citizenship by investment (CBI) industry annual turnover reached $3 billions. Until recently only five Caribbean island states (St. Kitts and Nevis, St. Lucia, Antigua and Barbuda, Grenada and Commonwealth of Dominica), along with Malta and Cyprus in Europe and Vanuatu in the Oceania have running citizenship by investment programs (CIP) in its pure form. Austria is also maintaining citizenship scheme for investors, but conditions and requirements differ from the above mentioned countries. Actually Austrian citizenship scheme is the most expensive in the world, requiring from the applicant to invest 20 million euros in the country.  Once the funds are allocated in the country the investor will not be able to withdraw them at any point in the future. The investment must be active, such as the formation of a new commercial enterprise or a direct investment into an existing Austrian business that will create jobs or increase product sales. Passive investments such as investments into government bonds or real estate holdings are not eligible.

Cypriot and Maltese citizenship schemes are relatively cheaper than Austrian. Cyprus Investment Programme requires minimum investment of 2 million euros to be eligible for obtaining Cypriot passport and Malta’s Individual Investor Programme (IIP) offers citizenship for at least 650,000 euros investment, plus 150,000 euros investments in government bonds, which should be maintained for at least five years. In both cases additional due diligence and processing fees are added to the investments. But unlike Austria investments in real estate are welcomed in Cyprus and Malta.

Caribbean and Vanuatu’s CIPs are even cheaper. Starting from USD100,000 an investor can apply for Antiguan, Dominican or St. Lucian citizenship. The oldest CIP of St. Kitts and Nevis, which was launched in 1984, offers citizenship to investors for USD150,000 investments. Grenadian and Vanuatu’s citizenship can be obtained for little more than USD200,000 investments. Additional fees apply for main applicant’s family members’ citizenship, due diligence checks and processing.

Just recently two more European states have decided to join the citizenship by investment club and got their piece from the industry’s ‘cake’. Moldova Citizenship-by-Investment (MCBI) program was officially announced in July 2018. Though in September 2017 amendments to the nationality law were passed in order to attract Russian capital in exchange of Moldovan passports, which enables its holder to enjoy visa free access to more than 121 destinations, including the EU. Those who desire to obtain Moldovan passport, have to contribute at least USD100,000 to the Public Investment Fund. The sum increases to USD115,000 if the main applicant’s spouse also applies and to USD145,000 in case of family of four. Applicants are also required to pay government fees(USD5,000 in case of the main applicant) and due diligence fees (USD6,000). According official information the processing time for the application will not exceed three months.

The other European country, which officially announced citizenship by investment scheme is Montenegro. Last weeks Government session concluded that the citizenship by investment program will be officially launched from October 1, 2018 and it will run for three years and application number will be limited to 2000. Applicants are required to donate EUR100,000 to Government Fund and make an EUR250,000 investment in less developed north of the country or EUR450,000 investment in a more developed center or the South of the country. Processing and due diligence fees are also applied to the applicant. Accepted applicants will be granted residency in a 3 weeks period of time and after 6 months the resident will be eligible to get citizenship. Montenegro is on of the fastest growing economies in Europe and has already joined the NATO. It is anticipated that by 2025 the ‘Pearl of the Mediterranean’, is Montenegro is nicknamed, will become the member of the European Union, thus making its citizenship even more attractive.

Experts argue that with its price value and requirenments Moldova and Montenegro will compete with the Caribbean and Vanuatu’s CIPs.

In July 2018 Egypt made amandments in it’s nationality law offering citizenship to foreigners who deposit at least 7 million Egyptian pounds (approximately USD392,000) and then hand it over to the Treasury after five years. But these amandments have to be ratified by the president.

Starting from February 2018 Jordan officially runs citizenship by investment scheme. Investors are offered several options to be eligible for citizenship and the price is starting from USD1,5 million. Investors can obtain permanent residency in Jordan if they buy a property, which costs at least USD282,000 and keep it for at least ten years.

Turkey is another country which runs its citizenship by investment scheme. The applicant will first receive permanent residency before getting full citizenship after a few years’ time. The value of Turkish CIP starts from USD 1 million investment.

The world is witnessing that citizenship by investment market is growing rapidly and probably in the coming years more and more states will join the ‘CBI club’.

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Citizenship by investment program, News

With the changing times, business tycoons are loving the idea of owning a second passport. With an initial investment, people are given the liberty to travel around a hundred countries without the need of a travel visa. With recent changes made by the Grenadian government, you have a splendid opportunity of applying for their citizenship by investment program.

With an initial investment of just US$ 150,000, get the chance of owning a brand-new Grenadian passport.

With their citizenship, you can enjoy many benefits as listed below:

  • You can travel around 135 countries without the need of an additional travel visa
  • No dual diligence fees for applicant’s family members
  • With this passport, you can also apply for USA E2 visa
  • You can set your company in a stable business atmosphere in Grenada
  • No interview or prior education required for applying for this program

And so many other benefits worth investing!

 

Grenada is a beautiful Caribbean country surrounded by breath-taking beaches and serene landscapes. With a recent amendment implemented by the Grenadian government, the applicant must contribute only US$150,000 under the National Transformation Fund Donation to acquire a second passport.

This program was launched to invite permanent residents who will help in the economic development and growth of the country. With the recent implementation, the government offers an attractive offer to the applicants to ensure a steady economic flourishment. Additionally, Grenada is a member of CARICOM (Caribbean community) which makes a Grenadian citizen the holder of a CARICOM passport as well.

Fast-track your procedure with expert help provided by BAYAT legal consultancy. We will ensure that all your documentation and formalities will be taken care by our professional consultants who have many years of experience in the consultancy field.

Moreover, the applicant does not need to have an educational background or management experience to apply for this citizenship program in Grenada. With BAYAT, the procedure will be completed within 60 days. Get your Grenadian passport with no restrictions on dual citizenship through our legal advisors and consultants.

Get in touch with us now by visiting our official website at http://bayatgroup.com/citizenship-by-investment/grenada-passport/ to know more about the citizenship program offered by Grenada!

 

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Citizenship by investment program, News

It’s time for your harvest.

As an entrepreneur, you only want the best for your business: to double the money coming in while expanding your brand into a larger network, to go beyond the target sales, and to reach to the biggest clients.

With the countless business plans and proposals, you have a vision in mind to fulfill your company’s mission: to be known worldwide by creating a name internationally. After all, the more expanded your business then the more money you could make.

As an established company in Dubai with a good reputation to multiple clients, a business as promising as yours would make it big with the wide connections you have created. However, all of these cannot be accomplished if the passport you own restricts opportunities to travel all over the world.

This should no longer be a problem when you obtain a second passport or acquire a citizenship by investment. Citizenship by investment involves investing a sizable amount of the company’s profit, as well as comprises of valuable assets and stocks. This type of citizenship is ideal to foreign investors who desire to launch themselves and partake in the country of choice’s booming economic growth.

As of writing, the Citizenship by Investment Program is offered by almost three dozen countries. To acquire this residency, an average cost of £154,000 and a proof of residency for at least 12 months are required. After gaining a double passport, investors can visit over 100 countries without the hassle of visa processing.

Reap not only the financial advantage but the lifestyle benefits as well. Citizenship by investment allows you to travel freely, which gives you the time to conduct research on business economic trends that will help you find the perfect prospect investors.

It is time to finally harvest what you deserve by applying for your citizenship by investment with us. Bayat Group is a law firm specializing in business immigration, economic citizenship and corporate immigration. With Bayat Group’s extensive knowledge of Business Immigration Programs, we will deliver the most practical and effective legal solutions to our clients’ concerns.

We recognize particularities in each client so we design individual strategies according to the client’s individual profile and needs.

We believe in producing optimum results. Fast, smooth, and 100% legal.   

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