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Frequently Asked Questions

Q: Are residence and citizenship by investment programs legal?

 

A: Yes. Not only are they legal, but they are also actively promoted by the governments of countries that have such programs.

 

Q: Can I change my name when I get a new citizenship and passport?

 

A: Generally, you can change your name during the application process, but many countries will allow you to change your name after obtaining citizenship.

 

Q: Can I include my family in the application?

 

A: Yes, you can, although it will usually require additional costs.

 

Q: Can I recover my real estate/bond/share investment after obtaining citizenship/residence?

 

A: In most cases, yes. Usually, you’ll need to maintain your investment for a period of between three and seven years. This requirement differs by country, and further details can be found in the Program Overview

 

Q: Can I speed up the application process?

 

A: In most cases, no, but some programs have “fast-track” options for applicants who make additional investments.

 

Q: Can I submit my own application?

 

A: No. You’ll usually need to go through a licensed agent. Beware of fraudsters and unauthorized Agents.

 

Q: Do I have to physically live in the country to obtain permanent residence rights or citizenship?

 

A: Citizenship by investment programs generally do not require physical residence, but many residence by-investment programs require a limited number of days of physical presence per year.

 

Q: How can I find a trustworthy company to help me apply for a program.

 

A: The Residency / Citizenship by-Investment programs are rife with unregulated and regulated Agents. Always make sure that your service provider is an authorized representative or representing a licensed provided authorised by the government of the country in which an application is being made. Secondly, also ensure that your representative is a member of the Investment Migration Council. The President of Destined4Canada is not only the Hon. Consul of St. Kitts and Nevis to Nigeria, but a certified Investment migration expert and a member of the Investment Migration Council which is the ONLY regulatory body globally.

 

A How long does the application process take?

 

Q: This depends on each program. Usually it will range from about 3 weeks to 6 months, but in some cases – such as when there is an application backlog – it can take considerably longer.

 

Q: What does it cost to participate in investment migration programs?

 

A: The cost depends on the type of program, country, investment option, number of family members and the ages of the family members included in the application.

 

RBI programs range from USD200,000 to USD2,000,000, whilst CBI programs range from USD100,000 to USD10,000,000.

Q: Does the Citizenship by Investment programs allow for dual citizenship?

A: Yes, however, you need to check you home country’s policy on dual citizenships.

 

Q: What is the difference between Citizenship by-Investment and Residence by-Investment?

 

A: Citizenship by investment is the legal acquisition of citizenship (including passports) through either an investment in or a donation to a jurisdiction that has a

citizenship by investment program.

 

Residence by investment is the legal acquisition of residence permits (either temporary or permanent) through either an investment in or a donation to a jurisdiction that has a residence by investment program, sometimes referred to as a “golden visa” program.

 

These two types of programs are collectively referred to as investment migration programs.

 

Q: A What is the difference between permanent residence and citizenship?

 

A: Permanent residence permits: Grant the right to settle permanently in the issuing jurisdiction, and

that jurisdiction alone. In the case of Schengen countries, it also grants the right to travel freely within the Schengen border union. PRs do not grant voting rights or the right to consular assistance.

 

Citizenships: In addition to granting the right of permanent settlement in the issuing country, citizenships also bestow a wide range of benefits, such as the right to vote (although not always) and the right to consular services. Unlike residence permits (permanent or temporary) citizenships are also – in many cases, but not all – hereditary.

Citizenship in an EU country further grants the right of permanent settlement in all EU member states.

 

Q: Which countries have the highest refusal rates?     

 

A: For RBI programs, New Zealand has the highest rejection rate, refusing nearly 50% of all applications.

For citizenship programs, Malta and Saint Kitts & Nevis have the highest rates of refusal, however, these countries have one of the best travel passports and reputation for their RCBI programs.

 

Q: Which investment options can I choose from?

 

A: Citizenship programs usually offer either donation or real estate investment options, although some also

allow business, bond, stock and other types of investment. Residence by investment programs typically do not offer donations as an option, but more commonly require investment in real estate, bonds, private companies, publicly listed shares, or bank deposits.

 

Q: Which kinds of documents are required to file an application?

 

A: All the required documents and Application Forms will be provided by your service provider at the time of your consultation and assessment for eligibility.

 

Q: Who qualifies for residence and citizenship by investment programs?

                                                                                                                                   

A: Anyone who can demonstrate that they have come about their money in a legal manner and are otherwise

of good moral character (i.e., do not have a criminal history, are not a reputational risk to the receiving

country etc.) can apply, with some exceptions for nationals of certain countries, like North Korea.

 

Our Firm will carryout a preliminary due diligence check on all applicants 16 and above to ensure that the applicants included in the applications have no criminal records or adverse media, before we accept any file. This is because we strive to maintain our 100% success rate.

Q: What are the advantages of Residence/Citizenship by-Investment programs?

 

A: While there are an almost unlimited number of motivations for participating in such programs,

common ones are a desire to:

  • Improve personal mobility by gaining visa-free travel to and settlement rights in more jurisdictions

  • Increase overseas education possibilities

  • Improve safety, not only of the individuals involved, but also their assets through improved property rights

 

Q: Will I get my money back if I am rejected?

 

A: Generally, your qualifying investment is held in escrow until the application is processed. If approved,

it will be transferred to the relevant government body/Agencies. If rejected, your main investment will be returned to you, although processing and all other professional related to the application, will not be refunded once the application has been submitted.

 

Q: A Will the government publish the fact that I received citizenship?

 

A: In most cases, no, but there are some exceptions.

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