Citizenship by investment is the process whereby wealthy individuals can obtain a second passport and citizenship very quickly in exchange for an investment or contribution. These so-called “economic citizenships” are largely valuable, especially for those coming from regions in conflict.
The industry in the past years generated billions of dollars in revenue for those countries offering such investment programs. As demand for these programs increased in the Middle East, so did the number of consultancy firms offering assistance to apply for these passport programs.
At Savory & Partners, we care about our clients; we understand that investing in economic citizenship is not a “one-time” transaction. Becoming a global citizen is an important decision that takes planning, sufficient funds, and most importantly, professional advice from reliable experts.
“Choosing the right partner or consultancy firm is decisive to have a smooth and hassle-free application process”
We are conscious that many companies and consultancy firms do what we do, but it is our commitment and effectiveness what makes us stand out from the others. We are committed to building a long-lasting relationship where you can enjoy the entire adventure of becoming a global citizen when applying to second citizenship with us.
Since becoming a dual citizen is a decision that involves sensitive aspects such as family, tax planning, business plans or even inheritance, choosing the right partner or consultancy firm is decisive to have a smooth and hassle-free application process.
The following questions will help you identify the viewpoints you need to consider when choosing the right citizenship consultant or consultancy firm:
- Are you sure your advisor is a Government Approved Agent?
Citizenship by Investment schemes are legal programs administered by rigorous criteria. This includes the submission of your application through a Government approved agent, authorized promoter or licensed sales agent. When applying for second citizenship, this is undoubtedly the #1 thing to do: make sure your advisor is a Government Approved Agent and is operating with an updated license. You can even ask them to show you the license.
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However, the most credible source is the Government website of the citizenship program where you wish to apply. In the Government websites of the countries offering these programs, you will find a list with all Government approved agents, their contact details and central offices.
- Will you obtain After-Investment Assistance?
It is essential to discuss with your advisor what type of assistance they will provide after your application and citizenship application is approved. Also, consider the fact that several countries offering citizenship by investment programs may not have an Embassy or High Commission in the nation where you reside.
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Indeed, a trustworthy advisor should have the capability to offer you a channel to address any questions or requests that you might have after your citizenship and passports are granted.
“Becoming a dual citizen is a decision that involves sensitive aspects such as family, tax planning, business plans or even inheritance”
At Savory & Partners, we accompany our clients from beginning to end in their application process; and we make sure they have timely assistance in anything related to their second citizenship. In addition to that, the issuance of the new citizenship need not signal the end of our client relationship. Should clients wish to supplement their citizenship with services such as property management, banking, company formation and tax advisory, we are by their side to guide them throughout the process.
- Can you quickly verify working experience and references from former clients?
Proficiency is easy to perceive; a proficient advisor will be happy and comfortable answering any of your inquiries. You can also ask your advisor to provide a list of client references that you can speak with.
Furthermore, the advisor should be knowledgeable about the countries where he or she is promoting Citizenship by Investment. Ask them how often they travel to the Caribbean or the EU, does he or she know interesting facts such as population, traditions, local food? Are they familiar with the approved real estate projects? Can he or she suggest top-notch restaurants, malls or beaches in the area? All these questions will give you an idea of how knowledgeable is your advisor with the country and program they are promoting.
- Is your advisor precise with time frames and payment terms?
Make sure your advisor is concise and clear when providing his or her first proposal or quotation. A trustworthy advisor should be able to set expectations and give you clear instructions on how to proceed at any stage of the process.
As example of this, Savory & Partners guarantees the provision of new citizenship or a 100% refund of Government investment. We also ensure any real estate reservation deposits subject to approval are contractually refundable or held in escrow for investor’s protection. To schedule a no-obligation consultation, please sign up on our website or call our team of expert consultants in Citizenship and Residency by Investment Programs: +971 (0) 4 430 1717 or WhatsApp +971 54 440 2955.