If you want to apply for citizenship by investment, you must ensure you have all the proper documents to hand in. Having these documents on hand will ensure you can get the citizenship you need without too much hassle.
The best way to acquire your second citizenship is to pick a country that deems you worthy of its good graces. It usually means waiting at least a few years before you are granted your passport, but the rewards are well worth the wait. Fortunately, many of these countries have favourable travel rules, and you can often apply for long-term visas if you know what you are doing. However, if your budget is tight, you may be better off relocating elsewhere. As with any significant life change, ensure your affairs are in order. A quick phone call to a licensed lawyer can set you on the right track.
The next big question is what to do once you are in the country of your choice. Luckily for you, most of these countries offer passport issuance services for a fee. Of course, you will have to do your homework before you apply. Many of these countries will require you to provide proof of sufficient income. You will have to present your bank statements, tax returns, and insurance policies to prove that you are a fit and able candidate.
Letter from a bank
One of the best ways to obtain citizenship is through a pre-approved investment. Whether you choose to invest in a real estate investment trust (REIT), a stock market fund, or a pension fund, it’s essential to know what funds are available. It’s also necessary to be financially stable and have a good character.
The first step in acquiring Grenada citizenship by investment application form is to make an application. An applicant needs to be at least 18 years old and have sufficient funds to meet the requirements. In addition, applicants must have a clean criminal record.
Applicants are required to pay an application fee of EUR1,500. It will cover the principal applicant and any nominated family members. However, the price is non-refundable.
Applicants must submit supporting documents that show how they’ll be able to afford the necessary funds. These can include pay slips, household bills, or mortgage documents. Depending on the type of fund you’re interested in, you may need to submit other forms.
After applying, you must go through a due diligence process. The Evaluation Committee will review your application. They will evaluate your investment proposal and recommend you get the green light. You’ll then receive an invitation to invest and a residence permit.
Once you’ve received your invitation to invest, you’ll need to confirm that you can transfer the funds. You’ll receive a letter granting you the right to live if you can. To do this, you’ll need to make an appointment with an immigration official.
You must then complete the required paperwork. Applicants must provide evidence of their funds, including a letter from a bank outside the country. A letter from your landlord or employer is not acceptable.
You’ll also need to complete a business plan. This comprehensive document outlines your investment plans, including the amount of money you’re investing, the extent of your equity, and your projected earnings.
Proof of residency
This program grants applicants permanent residency for themselves and their families. However, investors must have an excellent financial standing and a positive economic contribution.
Applicants need sufficient money to support themselves and their families in the country. They are also required to have assets acquired legally. Immigrant investors can choose from four investing alternatives. The Central Bank must approve these investments. Applicants must be financially secure and have a net worth of at least EUR 2 million.
After completing the application, successful investors can apply for a five-year extension of their residence permit. The process takes about six weeks. It will allow them to meet the residency requirement for citizenship.
In addition, applicants must provide an Affidavit of Good Character. A lawyer must sign it. It must show that the principal applicant has no criminal records.
Applicants must provide a photocopy of their passport. It must include both the front and back covers and be signed by a solicitor. Applicants must also complete forms 10 and 11. Parents of minor children should fill out these forms.
An Affidavit of Good character is separate from a statement of good feeling from the police. If you have a civil partner, you can include them on the application.
All applications must go through a thorough due diligence process. These include anti-money laundering, Know Your Client, and sanction checks.
Applicants must also visit the country for at least a day every year. An online residency calculator can be used to estimate the residency requirements for citizenship. In addition, printouts of the residency calculator and other proofs of residence must be included with the application.