Choosing An Unauthorised Agent<\/strong><\/em><\/h3>\nThe Caribbean countries of Antigua & Barbuda<\/a>, Dominica<\/a>, Grenada<\/a>, St Kitts & Nevis<\/a>, and St Lucia<\/a> all have a list of authorised marketing and processing agents for their citizenship by investment programs.<\/p>\nHowever, this has not stopped unauthorised companies from offering their services to the public. Choosing an unauthorised agent can have dire consequences, as it will result in the application being rejected by the government.<\/p>\n
Program Update: New changes to St. Kitts Citizenship by investment program announced<\/a><\/strong><\/em><\/p>\nIn the case of Malta<\/a> and Montenegro<\/a>, any company can market the program, but the processing must be done through an authorised body; any other route of submission will result in the application being discarded.<\/p>\nTurkiye<\/a> is the only country with no official agent list, and an applicant can submit their application themselves or through any registered lawyer in Turkiye.<\/p>\n![\"Six](\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2023\/01\/Choosing-an-unauthorised-agent-can-have-dire-consequences-as-it-will-result-in-the-application-being-rejected-by-the-government.png\")
Choosing an unauthorised agent can have dire consequences, as it will result in the application being rejected by the government.<\/p><\/div>\n
Due Diligence Mishaps<\/strong><\/em><\/h3>\nDue diligence documentation can encompass various forms such as police certificates, certificates of good behaviour, and travel history evidence. Applicants who can provide these, including any other relevant information such as former addresses, places of employment, university degrees, and other documents that help due diligence officers track their background quicker, may see their waiting time shortened.<\/p>\n
Program Update: Greece Golden Visa Price To Double<\/a><\/strong><\/em><\/p>\nAnother essential thing to note is to address any gaps swiftly. For example, any person who lived in Saudi Arabia as a resident (foreigner) and then left and terminated their residency status can no longer get a police certificate from the Kingdom. This is a commonly known fact; however, providing a sworn affidavit alongside supporting documents that show when the residence status was terminated, when they left, and how they left would go a long way in making the due diligence process smoother.<\/p>\n
Source Of Funds<\/strong><\/em><\/h3>\nApplicants may highlight their source of funds for the investment, as this also falls under due diligence as an anti-money laundering practice.<\/p>\n
Proving the source of funds means that an applicant must show that they have the investment amount and where it came from. Typically, an applicant can show a bank account with the amount in it but going a step further back can tell a lot about where the money originated.<\/p>\n
Giving government officials a clear route to track the source of funds makes their job easier and faster and can help hedge against any delays.<\/p>\n
Mistakes In Making The Investment<\/strong><\/em><\/h3>\nWhile the Caribbean nations have a set of approved real estate projects for applicants to choose from, Turkiye<\/a> does not, allowing investors to select their property of choice from an open market.<\/p>\nHowever, this is not to say there are no restrictions whatsoever, as the Turkish government requires applicants to buy properties that have not been used before to gain Turkish citizenship. This rule combats “recycling” properties for multiple citizenship applications.<\/p>\n
Applying for a Second Passport as a Large Family: All You Need to Know<\/a><\/strong><\/em><\/p>\nAnother critical point is the property value requirement, as properties must be evaluated by third-party evaluators selected randomly by the government. Submitting a valuation report done by a company not assigned by the government will also lead to a massive delay as the applicant will then need to request an evaluator and wait until that process is completed.<\/p>\n
![\"Turkiye](\"https:\/\/old.savoryandparnters.com\/wp-content\/uploads\/2023\/01\/Turkiye-doesnt-have-a-set-of-approved-real-estate-projects-however-the-property-shouldnt-have-been-used-before-to-gain-Turkish-citizenship.png\")
Turkiye doesn’t have a set of approved real estate projects; however, applicants must buy properties that have not been used before to gain Turkish citizenship.<\/p><\/div>\n
Proving Dependency<\/strong><\/em><\/h3>\nProving the financial dependency of adult children is a significant issue, especially within Caribbean citizenship through investment programs<\/a>. Adult children dependents (those above 18 years of age) must be unmarried and wholly dependent on the principal applicant or his\/her spouse to qualify for citizenship.<\/p>\nHowever, it is also the government’s job to scrutinise the claim of dependency and ensure that this adult child is, in fact, dependent on the principal applicant.<\/p>\n
Discover how Residency by Investment broadens your children\u2019s education<\/a><\/strong><\/em><\/p>\nInvestors who want to avoid delays can do so by providing as many supporting documents as possible, such as a shared address, bank transfers, enrollment in education, historical records of unemployment or end of employment, affidavits, and more, depending on the situation.<\/p>\n
Producing lacklustre evidence of dependence and minimal documentation can lead to delays as the government may need to request additional information, and if that information is insufficient, they may ask for more. This can create a lot of downtime for the application and will eventually prolong the entire process for something avoidable if done correctly from the beginning.<\/p>\n
The Timing Of The Application<\/strong><\/em><\/h3>\nOne major reason for delays is the timing of an application. As the world evolves, so do citizenship by investment programs, and as inflation continues to rise, many of these programs adjust their pricing to match the lower new value of money.<\/p>\n
When citizenship by investment programs announce a new change coming, and they usually announce it ahead of time, giving a grace period before they are implemented, a rush of applications is expected during that short window.<\/p>\n
Find out the 5 reasons why you should invest in European residency<\/a><\/strong><\/em><\/p>\n
However, this has not stopped unauthorised companies from offering their services to the public. Choosing an unauthorised agent can have dire consequences, as it will result in the application being rejected by the government.<\/p>\n
Program Update: New changes to St. Kitts Citizenship by investment program announced<\/a><\/strong><\/em><\/p>\n In the case of Malta<\/a> and Montenegro<\/a>, any company can market the program, but the processing must be done through an authorised body; any other route of submission will result in the application being discarded.<\/p>\n Turkiye<\/a> is the only country with no official agent list, and an applicant can submit their application themselves or through any registered lawyer in Turkiye.<\/p>\n Choosing an unauthorised agent can have dire consequences, as it will result in the application being rejected by the government.<\/p><\/div>\n Due diligence documentation can encompass various forms such as police certificates, certificates of good behaviour, and travel history evidence. Applicants who can provide these, including any other relevant information such as former addresses, places of employment, university degrees, and other documents that help due diligence officers track their background quicker, may see their waiting time shortened.<\/p>\n Program Update: Greece Golden Visa Price To Double<\/a><\/strong><\/em><\/p>\n Another essential thing to note is to address any gaps swiftly. For example, any person who lived in Saudi Arabia as a resident (foreigner) and then left and terminated their residency status can no longer get a police certificate from the Kingdom. This is a commonly known fact; however, providing a sworn affidavit alongside supporting documents that show when the residence status was terminated, when they left, and how they left would go a long way in making the due diligence process smoother.<\/p>\n Applicants may highlight their source of funds for the investment, as this also falls under due diligence as an anti-money laundering practice.<\/p>\n Proving the source of funds means that an applicant must show that they have the investment amount and where it came from. Typically, an applicant can show a bank account with the amount in it but going a step further back can tell a lot about where the money originated.<\/p>\n Giving government officials a clear route to track the source of funds makes their job easier and faster and can help hedge against any delays.<\/p>\n While the Caribbean nations have a set of approved real estate projects for applicants to choose from, Turkiye<\/a> does not, allowing investors to select their property of choice from an open market.<\/p>\n However, this is not to say there are no restrictions whatsoever, as the Turkish government requires applicants to buy properties that have not been used before to gain Turkish citizenship. This rule combats “recycling” properties for multiple citizenship applications.<\/p>\n Applying for a Second Passport as a Large Family: All You Need to Know<\/a><\/strong><\/em><\/p>\n Another critical point is the property value requirement, as properties must be evaluated by third-party evaluators selected randomly by the government. Submitting a valuation report done by a company not assigned by the government will also lead to a massive delay as the applicant will then need to request an evaluator and wait until that process is completed.<\/p>\n Turkiye doesn’t have a set of approved real estate projects; however, applicants must buy properties that have not been used before to gain Turkish citizenship.<\/p><\/div>\n Proving the financial dependency of adult children is a significant issue, especially within Caribbean citizenship through investment programs<\/a>. Adult children dependents (those above 18 years of age) must be unmarried and wholly dependent on the principal applicant or his\/her spouse to qualify for citizenship.<\/p>\n However, it is also the government’s job to scrutinise the claim of dependency and ensure that this adult child is, in fact, dependent on the principal applicant.<\/p>\n Discover how Residency by Investment broadens your children\u2019s education<\/a><\/strong><\/em><\/p>\n Investors who want to avoid delays can do so by providing as many supporting documents as possible, such as a shared address, bank transfers, enrollment in education, historical records of unemployment or end of employment, affidavits, and more, depending on the situation.<\/p>\n Producing lacklustre evidence of dependence and minimal documentation can lead to delays as the government may need to request additional information, and if that information is insufficient, they may ask for more. This can create a lot of downtime for the application and will eventually prolong the entire process for something avoidable if done correctly from the beginning.<\/p>\n One major reason for delays is the timing of an application. As the world evolves, so do citizenship by investment programs, and as inflation continues to rise, many of these programs adjust their pricing to match the lower new value of money.<\/p>\n When citizenship by investment programs announce a new change coming, and they usually announce it ahead of time, giving a grace period before they are implemented, a rush of applications is expected during that short window.<\/p>\n Find out the 5 reasons why you should invest in European residency<\/a><\/strong><\/em><\/p>\nDue Diligence Mishaps<\/strong><\/em><\/h3>\n
Source Of Funds<\/strong><\/em><\/h3>\n
Mistakes In Making The Investment<\/strong><\/em><\/h3>\n
Proving Dependency<\/strong><\/em><\/h3>\n
The Timing Of The Application<\/strong><\/em><\/h3>\n