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What is Citizenship by Investment?
Getting a second passport from another nation is another name for the Citizenship by Investment Program.
Dual citizenship, or holding two citizenships, is permitted in some nations. Nonetheless, dual citizenship is prohibited for Indian nationals per Article 9 of the Indian Constitution. An Indian citizen must give up their passport to the Indian government as soon as they obtain citizenship in another nation.
In order to visit India without a visa and remain for as long as they like without having to report to any Indian government authorities, Indian nationals who decide to become citizens of another nation can apply for an Overseas Citizen of India (OCI) Card.
Many nations offer a Citizenship by Investment program that allows foreign nationals to become citizens of their country by investing in real estate, businesses, or government bonds and funds, or by donating to the government or purchasing financial products like shares, bank deposits, or government bonds.
What is the maximum amount of money that people of India can send abroad?
Indian citizens are permitted to send up to US$ 250,000 annually per person under the RBI’s Liberalized Remittance Scheme (LRS).
Which nations have schemes for Citizenship by Investment?
Citizenship by Investment programs are available in the following nations:
- European nations: Montenegro, Malta, and Bulgaria
- Caribbean nations: Grenada, Dominica, St. Lucia, Antigua & Barbuda, and St. Kitts and Nevis
- Turkey is a Mediterranean nation.
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Discover how Go Global can help you achieve your international residency, citizenship, and business expansion goals. Download our brochure today to explore our wide range of services and learn how we can guide you every step of the way.