Oxstones Investment Club™Years ago, the process of gaining citizenship in a foreign country was quite complex. Typically, you had to live in the country for a specific amount of time. Depending on the country, you may also have been required to have a specialized skill that would add to the economy of the country. Along with that, you most likely would have had to pay money to obtain citizenship.
These days, things are a bit different. Many countries have enacted laws that allow people to buy citizenship without actually having to live in the country. In 2014, Malta, a small island in the Mediterranean, came under fire for proposing something similar. They wanted to make citizenship available to anyone who is willing to invest a specific amount of money, regardless of whether or not they had established residency in the country.
At the time, this proposal caused quite an uproar among other countries that were members of the European Union. As a result, Malta decided instead to open up the doors to citizenship to anyone who was willing to reside in the country for a year and to invest a large amount of money in purchasing a passport.
Despite these changes, Malta is still one of the easiest places to obtain citizenship. Granted, the investment that is required is extremely large. As a result, only people who are extremely wealthy can typically afford it. However, it does open up the possibility that anyone who lives in Malta for a year can become a citizen.
There are many benefits that come along with becoming a citizen of Malta. Because the island is part of the European Union, citizens enjoy many travel benefits. For instance, they can travel to other EU nations without having to have their passport checked. It is also far easier to relocate to other countries within the EU. By putting citizenship up for sale, Malta has made these benefits available to anyone who is willing to pay for them.
If you are interested in buying citizenship in Malta, it is important to learn exactly how the program works. For guidance and professional advise you can hire a consultant like http://csbgroup.com/relocation/citizenship/malta-individual-investor-programme-iip/ or Henley Global. It will be well worth the consultation fee because the right information will save you valuable time and money at the end of the day.
The basic idea behind the program is that you have to live in Malta for a year. At that point, you can pay a large sum of money to purchase citizenship in the country. Of course, the actual process is a bit more complicated than that. It is worth consulting with a legal expert to determine whether or not it is a viable option for you.
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