Moldova To Ease Citizenship Requirements For Investors

Henley & Partners Wins Mandate For Moldova Citizenship

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Moldovan legislation did not impose any restrictions on the registration of dual citizenship. Through the MCBI program, successful candidates can gain Moldovan citizenship within a period of approximately 90 days, provided that the due diligence process can be completed without any hurdles. The key stages of the application process are outlined in detail below. The Republic of Moldova has a stable economy and a passport that offers diverse travel freedom. The country has established itself as a global leader in tech innovation. The MCBI program provides successful applicants with an abundance of benefits, which include enhanced global mobility, expanded business opportunities, and greater lifestyle freedom.

One unconfirmed report indicated that the government had to be bullied into re-issuing economic citizens’ passports after they expired five years later. Grenada used to have a citizenship program many years ago but canceled it. Dominica’s COVID discounts are especially interesting if you have a large and extended family that you might want to add to your citizenship application. Like its Caribbean counterparts, Dominica announced a slew of post-COVID changes that make it more appealing to foreign investors.

Global Mobility

The firm applied for the mandate as part of a consortium together with MIC Holding LLC , a company based in Dubai, UAE and founded to focus on strategic FDI initiatives. In addition, an agreement has been signed with the Boston Consulting Group , a leading global management consulting firm with 90 offices in 50 countries, to provide advice on best-in-class FDI strategy and implementation. Moldova Citizenship holder can freely travel to 122 countries without visa, including the Schengen countries in Europe and Russia and Turkey.

But once the idea was out there, other countries followed suit with Dominica and Belize creating programs in the early 1990s and – for a brief time in the late 90s – Grenada, Peru, and Ireland too. Sandwiched between Romania and Ukraine, Moldova emerged as an independent republic following the collapse of the Soviet Union in 1991. Moldova is an EU Associated Member country and is actively pursuing EU Membership with EU already having opened their office in Chisinau, Moldova. A security expert, Rosian Vasiloi, told BIRN there are several concerns about the visa programme, one of which is that those applying may come from countries with wars on their soil or with a high level of terrorist activity. As Moldova debates the future of its currently frozen programme of selling visas for cash, a minister has admitted the securit risks – but said the potential benefits need considering as well. Prior to submitting your documents, you will need to pay all of the fees.

Citizenship Of Moldova

Many countries offer citizenship by investment programs in order to attract much-needed foreign direct investment. Countries can then use these funds to invest in their own staying permit turkey projects, such as real estate development, business development and job creation. CBI programs also attract global talent and know-how aimed at boosting the economy.

You can qualify if you have a parent or grandparent with Cape Verdean citizenship at your time of birth. You can qualify if you have a parent who was a Brazillian citizen at the time of your birth. You can qualify if you have a parent who was an Australian citizen at the time of your birth. You can qualify if you have one parent who is an Argentinan citizen at the time of your birth. The Cayman Islands is another British overseas territory and falls under the UK sovereignty.

Some countries offer economic citizenship programs because it’s a quick and easy way to boost the economy. The unfortunate recent global pandemic might be bleak, but it is the best time to invest in a second passport. Many countries in the Caribbean region currently offer discounted citizenship by investment programs. These programs are also referred to as “Economic Citizenship Programs” (as you’ll see later in this article). In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families can become citizens of Moldova. The Republic of Cyprus has one of the world’s most famous citizenship by investment programs and it is the only country that can offer a European nationality without ever needing to immigrate or prove residence in the country to obtain it.

LONDON — As concessionaire of the Moldova Citizenship-by-Investment program, Henley & Partners is pleased to note the successful completion of the first citizenship-by-investment application in the country. Lastly, it is worth mentioning that if applicants’ due diligence process was successfully completed without any complications, they should expect to receive their Moldovan Citizenship by Contribution in as little as 90 days. The applicant must make the required contribution to the Public Sustainable Development Fund. Moldovan residents have to pay tax on income from sources located inside Moldova, as well as from sources located outside the country.

Antigua And Barbuda Citizenship By Investment Program: Cheapest Option For Large Families

Application reviewed and pending the outcome of the government due diligence the application is submitted. €5,000 for a dependent parent of the main applicant or of the spouse who is aged 55+. Moldova is officially known as the Republic of Moldova is a landlocked country in Eastern Europe, Bordered by Ukraine to the north , east and south and Romania to the west.

Detailed information about the concept, application process, agent accreditation process, as well as any other useful information is available on the official website of the Program – The law on the visa program was adopted in July 2018 by the former government run by the Democrat Party Prime Minister Pavel Filip. A single applicant can qualify for a Moldovan passport after they donate €100,000to Public Investment funds. There are some additional charges of the application processing fee, due diligence, and approved agent fee. The same goes for those who were denied a visa to any country Moldova has visa-free or visa-on-arrival agreement. Moldova is recognized worldwide for the thorough due-diligence process they implement to avoid any possible offense in the future.

Citizenship Program Moldova

Grenada offers visa-free access to China and is one of the best citizenships for E-2 investor visa access to the United States. But don’t forget what we said in the beginning of this article – there is no universal “best citizenship by investment” program – only the one that is the best for YOU. $100,000, Dominica now has competition at this price point for solo applicants, but unlike other CBI programs, it does have a longer track record of being in operation to show for itself. Dominica started its program back in the 1990s and has earned itself the title of offering the best value passport out there. There was immense competition among the Caribbean CBI programs in 2020 as the global COVID-19 epidemic grounded most of the world’s planes and left the tourism-dependent islands stranded and hurting for cash.

To get started please contact one of our consultants in U.A.E, Denmark or Canada, and we will do our outmost to guide you through your Investment and your Moldova CBI process. The Citizenship by Investment program launched in the second half of 2018 helping Turkish resident permit the investors get a valuable passport by a reasonable amount of Donation. “There will, however, be a temporary cessation of processing new applications so that the government can complete its evaluation and optimization process,” the statement added.

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