The program To say that the government is desperate for cash is an understatement. And Egypt approved a new citizenship law paving the way for a new citizenship by investment program. Following the collapse of the … Comoros’ Economic Citizenship Program was terminated in September 2013 for reasons that relate to the conduct of the program and its objectives. Montenegro Citizenship by Investment Program Will Be Closed December 04, 2020 / Alina Konkina Commissioner for the composition of the new government, Zdravko Krivokapich, said that the Citizenship by Investment program, which has been operating since the beginning of 2019, will not remain in force. They’ve been around for decades, primarily as a way for countries to boost their incomes. Citizenship Invest specializes in “Fast Citizenship Programs” through which you legally obtain a second passport in a matter of 2 to 4 months depending on the program. The Citizenship by Investment program is part of this effort. Processing of applications takes up to two months; no residency requirements; no personal interview. In Jan 2018, The Ministry of Interior and Ministry of Foreign affairs officially announced no new passports would be issued under economic citizenship scheme. Our platform is free to use and we do not charge any fee to clients. T he citizenship by investment programs are not new. Application can be made in Turkey or some Middle East country. Read the list of countries with visa-free and visa-on-arrival access for Montenegro passport holders. Citizenship by Investment Immigration by Investment and Tax Residency Incorporate your Company International Bank Account Options Strategic Internationalization Credit card payments are collected by Incorporations Payments LLC with address at 26031 72nd Av NW, Suite O167, Stanwood, WA 98292 Mayotte, however, has never been administered by an independent Comoros government and continues to be administered by France (currently as an overseas department) as it was the only island in the archipelago that voted against independence in 1974. The first phase of the scheme, from 2006 to 2011, was meant to earn Comoros $200 million in return for giving citizenship to 4,000 stateless families. Comoros was the first country to launch a Citizenship by investment program in Africa. The last significant amendments to the citizenship by investment scheme were made in 2013. What happened to Comoros Citizenship by... officially announced no new passports would be issued, How to get Ireland Permanent Residency for €400K, St Kitts is the Rolls Royce of Citizenship by Investment. Passport is valid for 5 years and is renewable upon expiration. Second Passport by Investment Programs – Comparison Table. The legal basis for the Comoros Citizenship by Investment Program is the Economic Citizenship Act passed in 2008, based on Article 19 of the 2001 Constitution of the Union of the Comoros. The Comoros is the only state to be a member of the African Union, Francophonie, Organization of Islamic Cooperation, Arab League, and the Indian Ocean Commission. In September 2016 , the Government of Cyprus introduced changes to its citizenship-by-investment program. The typical processing time is two months from the moment you submit a complete application. A few years later, Kuwait followed suit and invested several hundred thousand million US dollars in exchange for 36,000 Comorian passports. The Comoros Citizenship by Investment (CCBI) was first established in 2001 in accordance with the Union of Comoros Constitution. What makes CBI online platforms so popular? The CIP scheme hit by abuses and embezzlement of public funds. The CIP scheme hit by abuses and embezzlement of public funds. The partner government selects the candidates following a background check conducted by the partner government. Fast and efficient application process of approximately 2-4 months from application submission with no visit required. The investment program has been suspended following abuse of the program … Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. Please, note that e-mails and questions regarding Comoros citizenship will not be answered. This material is protected by copyright laws. As we can see from the list above the visa free travel with the Comorian passport is rather limited (40 + countries). Important Notice: Comoros citizenship-by-investment program was closed (terminated) by the Comoros Government from May 2017. Best Citizenships is now a part of Yellow network, “Very honest and professional service. At the same time in some cases, when passport is needed as some sort of security (like insurance policy) or for banking purposes it can be recommended. All the fees are in US dollars. Citizenship awarded by President by decree. Citizenship: CLOSED OCT 2020: Real Estate, Business or Investment Fund: 6 months: 173: Ireland: Residency (naturalisation possible after 5 years) ... We represent multiple citizenship investment programs internationally. Main applicant: 45,000, spouse: 20,000, child 0-18 years old: 10,000. In addition to many smaller islands, the country consists of the four major islands in the volcanic Comoros archipelago: Grande Comore, Mohéli, Anjouan, and Mayotte. Important Notice: Comoros citizenship-by-investment program was closed (terminated) by the Comoros Government from May 2017. As for the professional fees, please, contact us to receive a quotation. Comoros’ Economic Citizenship Program was terminated in September 2013 for reasons that relate to the conduct of the program and its objectives. The last significant amendments to the citizenship by investment scheme were made in 2013. Nationalities restricted from participation: Second Citizenship, Second Passport - FAQ, Second Passport by Investment Programs – Comparison Table, Honorary Consulate and Diplomatic Passport, Legal Basis for Honorary Consul Appointment, Publications on Immigration and Dual Citizenship, Temporary and Permanent Residency in Slovakia, Permanent Residence in Belgium and in other EU-countries, Immigration to Switzerland for financially independent persons, Immigration to Andorra for High Net Worth Individuals, Spanish Citizenship and Two-Stage Schemes Fraud. – Adewale, Nigeria. The program bestowed full citizenship minus the right to vote. 45000 USD to be exact. New passports also made them vulnerable to deportation from their countries of residence. And there are of course agency and processing fees. Comoros passports created a new problem to bidoons which acted like double edged sword. The cheapest Citizenship-by-Investment program available, it has also proven to be the most delinquent with passports sold as unregulated commodities. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. The Citizenship by Investment program is part of this effort. Comoros citizenship by investment programs, is widely recognized as the cheapest among all existing citizenships by investment programs and also has one of the fastest processing times. It became independent from France on 6th July, 1975. Comoros did once have the cheapest instant passport worldwide, however this program was ended in 2016 by the new government. The Governments of the UAE and Kuwait entered an agreement with the Union of the Comoros, a small volcanic archipelago off the coast of East Africa, in 2008 and 2014 respectively, to purchase passports for the Gulf’s stateless. Other European citizenship through investment programs are still open in Cyprus and Malta. However, there is the option, for wealthy individuals, of obtaining a residence permit in Germany by business investment … Ireland Citizenship by Investment The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. Dual citizenship is recognized. This benefit of resolving statelessness through citizenship by investment schemes highly problematic. There will be extra travelling costs (for the applicant, his family members, and the Comoros The table below covers all the countries and all the legal programs where second passport can be obtained in a reasonably short period of time (from 4 months to 2 years) without actual physical residency in the country, simply by investment or contribution (donation). No risk of losing money without getting the desirable result (Government donation is to be made only after the approval). A total of 52,000 passports were issued under the Citizenship by investment program in Comoros. At a price of USD 45,000 for an individual or about USD 85000 for an entire family, Comoros’ citizenship-by-investment program is the world's most affordable. There's a fast economic citizenship you've never heard of, do you want to learn more? Fast and simple process. Please, note that e-mails and questions regarding Comoros citizenship will not be answered. Spouse and children under 18 years old are qualified. After approval, you will get your Comorian citizenship (the Certificate of Naturalization and passport). The changes include the reduction of the minimum investment amount to EUR 2 million (from EUR 2,5 million) and the possibility to include the parents of the main applicant provided that an additional EUR 500,000 + VAT will be invested in the purchase of a private residence in Cyprus. 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