Citizenship by Investment
For many years now, Citizenship by Investment is a buzz phrase much talked about amongst international business investors, especially with high net worth. Citizenship-by-Investment is when an individual acquires citizenship to a second country other than their own by making a financial investment to that country. The Caribbean islands of St. Kitts and Nevis, Antigua and Barbuda, Saint Lucia and Dominica are among the easiest countries in the world to acquire a second citizenship to. Their citizenship programs are comparatively inexpensive with minimum residential requirements.
The citizenship by investment field has experienced an exponential growth in the region too. Mimoun Assraoui and David Regueiro are in charge of Rif Trust, a citizenship by investment company based in Dubai that was born from the need to extend the possibilities in terms of freedom of travel as well as asset optimization for High Net-worth Individuals. We spoke to the duo and got first-hand knowledge about dual citizenship and its benefit.
What does it mean for certain nationalities to have a double citizenship?
A person with a double citizenship is a citizen of both countries at the same time. There are several advantages of having a second citizenship, the most important one is visa-free access to more than 130 countries, with will give the freedom to travel and explore new countries without any restrictions, offering new business opportunities through investments, parents want to give their children the best life and having a second nationality can give access to the top schools and universities in the world, investing a second citizenship will provide security and safety or the whole family.
Obtaining a second passport in an available country of your choice is not a straightforward process. It required patience, investment and most of all expert knowledge of the legal requirements for your application.
What are the countries that RIF TRUST usually covers and the most demanded nationality/Passport and why?
RIFTRUST Covers the 5 Caribbean countries, as well as those in Europe and the world over. The most demanded passport is St Kitts and Nevis because it allows more visa-free countries and this is the same reason for countries like Cyprus and Malta.
What are the differences between applying to a European or a Caribbean citizenship? Why apply to one of this for example and not to the other one?
Citizenship by investment programs offers exciting opportunities for foreign nationalities, to gain citizenship status to the country and region they invest in. European Citizenship status has become one of the most in-demand requests for foreign investors around the world, due to the multiple of benefits it offers for the applicants. Investors can benefit from greater freedom of mobility around the 28 European states, allowing you to live in any European country you choose. Diplomatic entitlements such as the right to vote or even run for office in European Parliament has also been a big selling point for foreigners who want to invest in second Citizenship.
Caribbean Citizenship by Investment programs is some of the oldest and most trusted investment schemes around. Foreign investors can apply for either permanent residency status or full-time citizenship, in a number of beautiful and financially secure countries including Grenada, Dominica, Antigua and Barbuda, St Kitts and Nevis and St Lucia.
Rif Trust has recently won an award for contributing to St. Kitts & Nevis post-hurricane recovery. What does this Award mean to Rif Trust?
Winning that Award is a great thing for Rif Trust. It gave our company an external recognition for the hard work and effort that the team is putting into the business day in and out. The Award is big motivator internally, making the employees proud to be part of our company.
Where do you think your added value lies compared to other citizenship by investment companies?
Our added value lies in customer trust. We try our best to deliver the best service by providing on-time service, transparency, and reasonable rates.