Things to consider when choosing the best citizenship program
THINGS TO CONSIDER WHEN CHOOSING THE BEST CITIZENSHIP PROGRAM
Whether you’ve been thinking about investing in second citizenship for some time, or have only recently started to explore the idea, you’re likely to have many questions running through your mind. Whether you are choosing Citizenship by Investment or some other means, there are numbers of things to think about when choosing the country that will best fit your lifestyle and needs.
Below is the list of things to think about while you decide which citizenship is the right one for you.
There are all sorts of reasons to consider but you have to ask yourself what reasons matter to you the most. Are you looking for new business opportunities? Do you want the options to travel to other countries without visas? Is it essential for you to plan for your family’s education and long-term future?
How Long Does it Take to Secure Citizenship
Different countries have many different processing time when it comes to application and approval of citizenship. If you are looking for a long-term plan, this might not be something that is a concern for you. However, if you want immediate access, you will want to look the application process speed. Some countries simply may not be feasible due to how long the process can take.
The qualifying requirements are also likely to be front in mind. Must you reside in the country for any length of time to become a citizen? Must you travel to the country regularly to maintain citizenship? Is there any requirement to speak the language or prove knowledge of culture?
Family Options Are Available
When you are in the process of doing your planning, make sure you are aware of which family options are included. Some offer citizenship to spouses and children, while others may only sponsor parents and older children. In some places, only dependents can gain citizenship while in others, extended family is also considered for citizenship. You also want to be aware that some countries let you pass citizenship on to your future generations while others do not. Think about the cost to sponsor other family members who will be joining you.
Stability and Security of the Country
Another important consideration is the stability of the country you choose for a second citizenship. If there is a political situation or economic environment that is problematic, that can cause safety issues for you and for your family. You also want to consider emotional security, especially if the family is coming along with you. The best countries are going to be places you feel comfortable with cultural, social and educational opportunities for yourself and for the rest of your family.
Option for Visa-Free Access
When it comes to future business interests, you have to be careful to choose the right country. Think about what industries and markets you may want to expand into in the years to come. Having visa-free access to do so is significant and worth looking for. Check which countries have agreements that allow you to facilitate your planned investments and travels.
As you can see, a huge variety of factors may influence your decision on where to invest, depending on your needs and aims. If this is primarily a business decision, you might choose citizenship that opens up important trade areas.
There is no “one-size-fits all” answer when it comes to citizenship. You will have to do work to find the location that is right for you and anyone else coming on this journey with you. So think about all the things that matter to you and come up with a shortlist before narrowing things down and deciding on the ultimate country that best works for you.
Vazir Group offers you the most effective and profitable investment solutions that reflect your goals and objectives to the maximum. To know more about the programmes or how to apply and begin your application process, contact us on:
T: +971 (4) 243 8581
27th floor, The Oberoi Centre, Business Bay P.O Box 115091, Dubai, UAE