The world is constantly evolving and finding ways to connect as globalisation is taking place. An important feature of this globalisation is the acquiring of citizenship by naturalisation, that is gaining the citizenship of a place that one was not a natural citizen of. Citizenship by investment programs are specific programs that allow one to gain the citizenship of a country without having to follow the normal procedure of gaining citizenship. However it should also be noted that not all countries offer such a program but there are still many countries which do provide such an opportunity to gain citizenship by investment.
The popularity of this program can be understood by the vendors it provided to the countries and the investors:
Benefits for the Country
One of the main reasons why citizenship by investment programs have become so popular in recent years is because of the exposure and benefit such programs provide to the nations having legislation favouring it.
Firstly, such programs help the government by providing them with much needed funds from private individuals across the world. These funds or investments can then be used to provide funds to government run projects or the projects approved by the government of the country. Moreover this investment can also help in funding government run organisations and donations.
The countries with such legislations can also grow economically due to the introduction of such programs. They can help in bringing business and growing businesses in their country. Providing such citizenship can help the country in building a good population of well to do people which will positively effect the economy.
Other ways in which the economy is positively affected is by providing the country with financial aid that can help it to clear off debts, it can provide the necessary funds that might be needed for the infrastructural development of the said country. Besides this such an investment can help in boosting both the private as well as the public sphere of business. The natural citizens of the country would also be benefited as a growing economy would create a demand for more employees, thus providing employment to the unemployed.
Benefits for the Investors
Such programs are also favored by the ones who can afford to invest. This is because the process of citizenship by investment is much more faster in gaining citizenship as compared to the traditional method of naturalisation. They also gain the opportunity to invest in another country that can be and upcoming economic success. This can help the investors by proving them with good returns for their investment.
By analysing the benefits of citizenship by investment for various entities including the government, the citizens and the investors, it could be understood why it is so popular. It is a great way to provide citizenship to an investor which can benefit both the investor as well as the economy of the country the investor is investing in. Moreover, in the long run it will provide great opportunities for the natural citizens of the country as well.