WHAT ARE THE REQUIREMENTS FOR OBTAINING A 2ND PASSPORT?
Each country has a different set of requirements that applicants must fulfill for its citizenship by investment program. For example, some programs require medical examinations and proof of good health, while others do not. However, some requirements are common to all citizenship by investment programs, often called “CBI”, or “CIP”:
- pass a due diligence background check indicating no criminal activity nor any questionable financial, familial, or social ties
- show the legal source of the investment funds
- make one or more of the required CBI / CIP investment options:
- donating directly to the government or a government-owned economic development fund (almost always the cheapest and easiest way to qualify)
- purchasing local real estate (often with restrictions requiring you to hold the property for at least 3 or 5-years before selling)
- buying non-interest bearing government bonds
- investing in an approved enterprise project
- or having your startup business plan approved (very difficult to do)
- creating jobs for the local economy (rarely found in the industry, currently only in Macedonia and Turkey where an applicant must create at least 10 or 100 local jobs, respectively, to qualify for CBI)
All requirements must be met in order for citizenship applications to be approved by the host government.