The application fees amounted to US$10,000 for a single applicant and an additional $50,000 for a family of four. March 2017 - Hungary Economic Citizenship Program Closes The Hungarian Residency Bond Program has been placed on moratorium by the nation's Government. Citizenship is granted solely by decree of the President of the Republic. The last significant amendments to the citizenship by investment scheme were made in 2013. 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. As we can see from the list above the visa free travel with the Comorian passport is rather limited (40 + countries). Passport can be used for banking purposes. A total of 52,000 passports were issued under the Citizenship by investment program in Comoros. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Our law firm is an Authorized Representative of the Comoros Citizenship by Investment Program. And Egypt approved a new citizenship law paving the way for a new citizenship by investment program. The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. The population, excluding Mayotte, is estimated at 798,000. The Union of the Comoros has three official languages – Comorian, Arabic and French – though French is the sole official language on Mayotte. 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. In recent years the Comorian Government has made substantial efforts to improve the business climate, investment conditions and to encourage the entry of foreign investors. The authority responsible for processing citizenship applications is the National Independent Committee. 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. Please, note that e-mails and questions regarding Comoros citizenship will not be answered. After approval, you will get your Comorian citizenship (the Certificate of Naturalization and passport). The last significant amendments to the citizenship by investment scheme were made in 2013. 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 idea of potentially giving up yo… Further amendments to the citizenship by investment scheme were made in 2013. The partner government selects the candidates following a background check conducted by the partner government. Passport is valid for 5 years and is renewable upon expiration. Spouse and children under 18 years old are qualified. Please, note that e-mails and questions regarding Comoros citizenship will not be answered. Further the Comoros Government confirmed the cancellation of 170 ordinary passports improperly attributed to foreigners, including some diplomatic passports. Acquiring a second passport and citizenship offers many advantages. When you send us an e-mail, please, indicate your citizenship, country of residence, and age of every family member to be included into application. Citizenship awarded by President by decree. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. 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). In Germany, there is basically no state program offering golden visas for investment. Our platform is free to use and we do not charge any fee to clients. It is also not possible to invest in real estate for the purpose of residency. Read the list of countries with visa-free and visa-on-arrival access for Montenegro passport holders. Ireland Citizenship by Investment The capital of the Comoros is Moroni which is situated on the island of Grande Comore. If you have any questions regarding citizenship by investment in other countries, for instance, in the Caribbean, contact us today. In September 2016 , the Government of Cyprus introduced changes to its citizenship-by-investment program. 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. There will be extra travelling costs (for the applicant, his family members, and the Comoros Immigration Officer) for the application procedure. To say that the government is desperate for cash is an understatement. Fast and simple process. Application can be made in Turkey or some Middle East country. The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. Main applicant: 45,000, spouse: 20,000, child 0-18 years old: 10,000. Comoros was the first country to launch a Citizenship by investment program in Africa. The Economic Citizenship Program (ECP) allows Comoros to offer citizenship to foreigners who reside in partner countries. Other countries near the Comoros are Tanzania to the northwest and the Seychelles to the northeast. The typical processing time is two months from the moment you submit a complete application. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. And there are of course agency and processing fees. New passports also made them vulnerable to deportation from their countries of residence. However, processing times may vary depending on the complexity of each individual case. A few years later, Kuwait followed suit and invested several hundred thousand million US dollars in exchange for 36,000 Comorian passports. Rules of MM2H program depend on the age of the main applicant. In exchange, Comoros receives a fee for each passport issued. Serving HNW clients since 2011. It can give you the freedom to travel without restrictions. – Adewale, Nigeria. This benefit of resolving statelessness through citizenship by investment schemes highly problematic. The three-day investment migration conference organized by Henley & Partners a global leader in residence and citizenship planning took place at the swanky Savoy Hotel in London and was attended by Prime Ministers and government officials from the leading Citizenship By Investment Programs including those from the Caribbean along with 400 industry experts, advisors, and partners. T he citizenship by investment programs are not new. All the fees are in US dollars. The CIP scheme hit by abuses and embezzlement of public funds. citizens of the French Republic), Iranians. Other countries offer a route to citizenship following a reasonable period of residence, such as Australia, Belgium, Bulgaria, … The cheapest Citizenship-by-Investment program available, it has also proven to be the most delinquent with passports sold as unregulated commodities. There will be extra travelling costs (for the applicant, his family members, and the Comoros 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. “Thank you for your excellent service. 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. This program allows foreign investors to obtain the long-term visa (10 years) by making an investment in the country. 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 However, there is the option, for wealthy individuals, of obtaining a residence permit in Germany by business investment … They’ve been around for decades, primarily as a way for countries to boost their incomes. 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. If you want to set up a company, open a bank account, invest, immigrate and/or obtain residency permits and even citizenship in the Comoros Islands, get in contact with us directly for a free private consultation. The program bestowed full citizenship minus the right to vote. 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. Highly recommended people”. The Government officially announced from 2009 to 2016, a total of 52,000 passports were sold as part of the economic citizenship program, and as soon as President Azali Assoumani came to power, new passports were issued under this program has been suspended and only renewal files were processed on a case-by-case basis. Citizenship is granted solely by decree of the President of the Republic. Over the years, we have helped countless clients gain Cyprus citizenship, and acquire a second passport from Cyprus by investing in accredited, legitimate and legal programs. Viewing also this CIP as a security threat following 9/11, the US pressured Belize into closing the program in 2002. 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. The program 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. There's a fast economic citizenship you've never heard of, do you want to learn more? The citizenship by investment fees as follows. 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. Consequently, EU residency by investment will no longer be possible in the jurisdiction effective immediately. Cash is an understatement a passport allows you to visit defines the quality of that.... 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