15 August 2011

Citizenship Planning

Henley & Partners — Citizenship Planning

Ireland

[...] However, Ireland allows financially independent persons to obtain a residence permit, and to apply for naturalization as an Irish citizen after five years of legal residence.

St Kitts and Nevis

The Citizenship-by-Investment program of St. Christopher (St. Kitts) and Nevis was established in 1984. It is the oldest such program in existence. Benefits include a Commonwealth passport which allows visa-free travel to over 80 countries, including all of the EU. To qualify for citizenship, the Government requires either an investment in designated real estate to a value of at least US$ 350,000, or a contribution to the Sugar Industry Diversification Foundation (a public charity) of at least US$ 200,000 (for a single applicant, but this includes all Government fees). The SIDF option is clearly the best Citizenship-by-Investment program available today.

United Kingdom

Residence in the United Kingdom can often be established quite easily, for example if you have a British ancestor and if you are also a Commonwealth citizen, if you are willing to start a business or invest GBP 1 million in the UK. You may apply for British citizenship after 5 years of legal residence, although a substantial strictly physical presence during that period is required. [...]
My new goal in life is to become financially successful enough to both need and be able to afford the services of "citizenship consultant."

I am really curious about what constitutes "financially independent" in Ireland.  Based on this Michael Lewis article, I would assume it means "not up to your ears in mortgage debt."

PS:
Ireland is also the only country within the European Union that continues to confer citizenship on all persons born within its territory, although since 1 January 2005 this has been restricted to persons with at least one parent who holds a permanent, unlimited residence permit for Ireland or the United Kingdom.
Really?! The only one? Am I reading this right?  I always assumed all countries, or all civilized ones, granted citizenship to newborns the way the US does.

1 comment:

  1. Excellent post I must say.. Simple but yet entertaining and engaging.. Keep up the awesome work!
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