Dual citizenship is smart investment – Citizenship Bay MD

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Managing Director, Citizenship Bay, Mr Zaid Aldayriyeh, speaks with GRACE EDEMA on how Nigerians can take advantage of foreign citizenship and residency programmes

There are different options and types of programmes that are available. First, you have immigration programmes that you do not work with. Those are traditionally for countries like Canada, the USA, Australia, and New Zealand, countries that are looking to attract immigrants because they need people to physically move there. And you have countries that have citizenship by investment programmes.

The majority of our clients do not relocate. They just want to have a smart investment that they make and it opens doors for them but you rarely see anyone relocating, to be honest. What are the things that may prevent some businessmen from getting citizenship or residency in these European countries?

Our role as a company is to advise our clients on what is the best way on that particular programme. The grounds for rejection are very simple- if you have a criminal history, you have been convicted and you have some open cases against you. If you have any issues with your background, keep it simple.

The other one is your source of funds. Your source of funds will determine if you can be considered for one of those programmes. If you cannot justify where you get your money, you cannot apply. These are the two main factors that would be the grounds for rejection. You have to have a clean background and you need to have a clean source of funds. These are two factors that any government will consider before making a decision on your application.

 

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