The Government of Dominica improves its Citizenship-by-Investment Program again. Beginning with the 1st of December 2016 the following amendments are introduced in order to make the program even more attractive to foreign investors:
*** UPDATE (28 May, 2015): the agreement has been signed. See the official press release.
Citizens of Dominica will no longer require a Schengen visa for a short stay visit up to 90 days for business, family and touristic purposes in Europe.
European Commission proposes visa-free travel to citizens of the Commonwealth of Dominica, among 19 Nations in the Caribbean, Pacific, and the Middle East added to the list of countries and territories exempt from the visa obligation.
Updated on Sept. 1, 2012: the new investment requirements are in force.
Last chance to apply for citizenship of Dominica on lower investment requirements expires on the 1st of September 2012.
On 17 July 2012 the government of Dominica in the person of the Prime Minister Roosevelt Skerrit announced adjustments to the Dominica Economic Citizenship Program.
The main purposes of the program review were strengthening of administrative procedures and encouragement of foreign investments in local opportunities.
In January 2012 St. Kitts and Nevis upgraded the machine-readable CARICOM common passport to new security standards. All nationals of St. Kitts & Nevis will hold biometric passports. St. Kitts-Nevis is the first nation in the Eastern Caribbean and second to the Bahamas in CARICOM to launch new biometric passport and bring the traveling safety to a higher level.
“Red light” to investors from Iran. St. Kitts & Nevis imposed sanctions on Iranian investors to suspend them from the Citizenship-by-Investment Programme.
On November 30, 2011, Wednesday, the Government of St. Kitts & Nevis publicly announced the immediate suspension of Iranian investors from participation in its Citizenship-by-Investment Programme. Restriction applies to nationals of Iran and their families residing on the territory of Iran. They are no longer allowed to apply for St. Kitts and Nevis citizenship as investors from other countries.
The Citizenship-by-Investment program of St. Kitts and Nevis undergoes changes of the terms and conditions. Major amendments involve higher registration fees and investment requirements.
New regulations published on 15th of September 2011 are to become effective since the 1st of January 2012.
If you consider obtaining St. Kitts citizenship to your benefits, you are welcome to apply before the end of 2011 and save a substantial amount.
To follow up the article on second citizenship and passport scams, we would like to comment on the new “line of products” in this market – EU citizenship and passport, in particular citizenship of such countries as Latvia, Lithuania, the Czech Republic, Slovenia, Belgium, Switzerland. Most of the offers are not real, or better to say “too good to be real”. Common sense and certain facts to know about should help you to detect a fake.
If you have taken the far-reaching and irrevocable decision of giving up your US citizenship to permanently disconnect from your US tax obligation, you still have to settle your exit with the IRS. On June 17, 2008 a new law came into force that made the process relatively easier. However, if you are wealthy enough, giving up your US citizenship proves to be a rather expensive step.
In terms of global financial crisis, which have not reached its heights yet, people around the world feverishly figure out how to protect their assets and themselves from the very probable political and economical strife. Have you ever planned to acquire second citizenship? Now is the very right time to think about it again and go ahead. You have a choice to spend funds for something valuable or lose them in runaway inflation. The Citizenship-by-Investment Program run by the Government of Saint Kitts and Nevis provides for even more choices: you can invest your money in a nice piece of real property and qualify for full citizenship and passport of a decent country at the same time.
Some websites on the Internet offer assistance with Panama citizenship and second passport. Without speaking about scammers, which sometimes difficult to distinguish in advance, here is what you might need to know about Panama citizenship requirements, as well as residency programs and second passport in Panama.
For those who are looking to obtain a second citizenship and passport it might be a vital task, being done once upon a life and thus very important. It’s normally well-known that you have at least to spend several years in a foreign country before it allows you to apply for its citizenship. Some may have also heard that there are quicker programs called economic citizenship programs or fast-track naturalization programs supported by a number of countries. Here is where rumour and misinformation start giving the ground for numerous scammers looking for your money.
Here we made an attempt to analyze the key factors to consider when choosing between three currently existing legitimate economic citizenship programs, in Dominica and St.Kitts & Nevis, tropical paradise islands, and Austria, a highly civilized European country. Results of this brief research are presented for your attention in the below table.
Economic citizenship program of the Commonwealth of Dominica established in 1993 is based on the Constitution, Section 101 and Citizenship Act, Sections 8 and 20(1), which provide for the Government to operate a program granting citizenship to persons qualifying under criteria set by the Government.
Unless you are the lucky one to become a citizen of another state by reasons of marriage, lineage or religious affiliation, the economic citizenship program is the easiest way to get an instant alternative citizenship. You don’t have to break the law nor be a multimillionaire to afford yourself getting a second passport and a lifestyle of “Rich and Famous” with the same level of freedom and security.
Let us mention again that passport is a document being issued by the state to its citizens for travel and identification purposes. You become a citizen first and being a citizen get a passport.
Is it legal to have a second citizenship and how to legally obtain it?
If you already surfed the web for the information about second passport you’d have probably found plenty of articles very informative and truthful but noticed that they are obviously trying to persuade or convince you that you need to get an alternative passport as fast as of yesterday.
We believe if you are reading this article, no need to convince, you already belong to the group of people who would certainly benefit from having one.