What must we know about Citizenship & Residency by investment
Many people in the 21th century can move abroad to live, study and work. That's why there is a problem of the status of such immigrants in their new countries. Some information connected with citizenship they can find on the website https://oneworld.id/. Let's understand what is this and why the immigrants think about naturalization in their new countries.
What does the word "citizenship" mean
It's the status which gives to the person different rights in some country, for example, to vote during the elections. Also citizenship simplifies getting some services:
- medical care (it`s especially important for the people who have some problems with their health);
- juridical protection (for example, in court);
- getting employed for any job (that`s important for the people aged from 18 to 60);
- free secondary and higher education (it`s necessary for children, teenagers and youth) and so on.
That`s why the people prefer to get citizenship of the countries where they live. Also it can be called by the word "nationality". In English this word doesn't mean "ethnicity". But it's usually used to point out that the person is the resident of some state and has its passport.
Is it possible to have 2 citizenships
Yes, such a situation can be absolutely real. Some countries of the world allow their residents to have second citizenship. And the person who gets the second nationality is called by the term bipatride. But the authorities of the new state can make different demands to their future inhabitant. One of the widespread ways is Citizenship & Residency by investment. It's allowed in such countries:
- United Arab Emirates;
- Turkey (Republic of Türkiye);
- Dominica;
- Saint Lucia;
- Vanuatu.
Also this list includes Grenada, Saint Kitts and Nevis.
Usually the person has to buy some house or flat in the chosen state or to give money to its budget, for example, for culture. The demands of each state are individual. Also the immigrant must know the list of necessary documents for naturalization.
Can any European Union states naturalize the person for investment
Yes, there is such a possibility if the person chooses these European countries:
- Portugal (Portuguese Republic);
- Switzerland (Swiss Confederation);
- Hungary.
If the man or woman becomes naturalized there, he or she gets a right to travel all over the Schengen zone with no restrictions. That`s why some people choose these states.
