Looking for a European passport? Almost half of EU member states offer some form of investment residency or citizenship programme Photo Credit: Getty Images

Why citizenship is now a commodity

Article in the BBC
5 June, 2017

Mobility is key!

“As more people are willing to move countries for opportunity and stability, anti-immigration policies and tightened borders are prompting a rise in ‘citizenship for sale’…

As more countries tighten their borders and paths to immigration, a new industry is working to bypass those restrictions – for a hefty fee…

Investment citizenship programmes are not new. They’ve been around for decades, primarily as a way for countries to boost their incomes. Canada and the Caribbean island of St Kitts and Nevis started theirs in the 1980s and the US and UK began similar ones in the 1990s…

At last count, 23 countries from Cyprus to Singapore offered some kind of investment residency or citizenship scheme and more are being created with similar programmes proliferating across Europe. Almost half of all EU member states now offer some form of investment residency or citizenship programmes…

Such programmes aren’t without controversy. Afterall, should citizenship be for sale? Detractors say no.

“It is wrong to have a special pathway to citizenship for the wealthy while millions wait in line for visas,” Feinstein said.”

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