Here are 23 Countries Selling Citizenship to Indians who have MONEY.
31 million Indians live outside India. We fondly call them NRIs(Non-Resident Indians) or PIOs (Person of Indian Origin) and collectively they form a group, what we call, Indian Diaspora. According to the United Nations Department of Economic and Social Affairs, India has the largest diaspora population in the world.
In earlier times, people moved from one place to another in search of food or water. Today, people move from one place to other in search of better economic opportunities or high quality of life is not a new trend. All this means the emergence of a new global industry— Countries Selling Citizenship Industry. You can legitimately purchase citizenship or a residency permit in return for investing a substantial amount of money.
The International Monetary Fund has highlighted the rapid growth of this trend, suggesting that in the current geopolitical climate people are looking for “political and economic safe havens”. There are also estate and tax planning considerations, the IMF adds.
The following table places the state of citizenship selling in a global perspective. It demonstrates that while it’s a predominantly European and Caribbean phenomenon, programmes do exist in Canada, the United States, Australia, Singapore and New Zealand
List of Countries Selling Citizenship
Minimum Investment(in INR)¹
Citizenship Qualification Period³
Antigua & Barbuda
5 days within a 5-year period
St. Kitts & Nevis
AUD 5 Million
730 days within a 5-year period
Canada-Prince Edward Island
730 days within a 5-year period
730 days within a 5-year period
$NZ 1.5 Million
SGD 2.5 Million
Sources: Arton Capital; Henley & Partners; National Authorities; UK Migration Advisory Committee and other immigration service providers. World Economic Forum ¹Alternate Investment options may be eligible ²Explicit minimum residency requirements under the immigrant investor program; residency criteria to qualify for citizenship may differ. ³Including the qualification period for permanent residency under residency programs 4 Program Suspended since 2014 5Although not specific to the immigrant investor program, retaining permanent residency requires the physical presence of 730 days within a five-year period.
Why are Countries Selling Citizenship?
Countries are selling citizenship or opening up citizenship to foreign nationals because it encourages
— a significant investment in a country
— Brings in talent and skilful
For example, in St Kitts and Nevis, the amount of money flowing into the public sector from the economic citizenship programme grew to nearly 25% of GDP in 2013.
Why do people buy citizenship?
Foreign investors see a number of benefits to acquiring citizenship or residency permits, according to the Migration Policy Institute. The ability to move families permanently to countries such as the US, the UK or Australia is a major draw, while many see expanding their ability to travel visa-free as a major advantage. This is especially true for some of the European nations offering programmes. As this chart shows, Maltese and Cypriot schemes offer visa-free access to a large number of countries.
However, the offer of increased visa-free access has prompted concerns about transparency, as well as global security. And there is also the risk that economies could become overly dependent on the capital inflows from these programmes.
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