Citizenship by investment programs in countries around the world

Albania: citizenship by investment

Albania, located on the Balkan Peninsula, launched an innovative initiative to offer citizenship through investment in November 2019. By July 2022, this program had reached a high level of development: an open competition was held for the international promotion of the scheme, although the conditions for potential investors had not yet been published. The European Commission urged Albania to abandon this program due to its potential impact on EU membership. Despite this, the country's government ignored these warnings.

Armenia: new citizenship for investment program

Armenia has announced plans to launch its own citizenship by investment program and published a draft resolution in October 2022 that establishes clear criteria for granting citizenship by the country's president. Among the conditions are significant economic investments (starting from $100,000 and above). The government has already determined the amounts considered significant and developed procedures for reviewing applications. According to local sources, this decision is expected to take effect by January 29, 2023.

Greece: Delay in the investment citizenship program

In the summer of 2019, there were rumors in Greece about the possible launch of an investment citizenship program due to the popularity of a similar "golden visa." The proposed minimum investment level could have become a competitor to the Cypriot program. However, the European Commission's lawsuit against Malta made the Greek government reconsider its plans. If Malta wins, Greece may resume discussions about implementing a similar program.

Zimbabwe: joining citizenship by investment programs

Zimbabwe also joins the ranks of countries offering citizenship for investment. In November 2022 November 2022, the Minister of Information, Publicity and Broadcasting said the country was ready to grant citizenship to "deserving investors" from around the world. The government is going to introduce more incentives for investment and attract foreign capital.

Investment citizenship programs in countries

The government aims to launch an investment citizenship program designed to stimulate the economy by attracting foreign investors. In 2023, plans from Kenya were presented at the Pan-African Congress, starting with a minimum investment of $200,000. Since the announcement of the plans in 2019 and until April 2021, the head of the country's investment agency actively expedited the process; however, the exact launch date of the program remains uncertain.

Laos

In October 2022, Laos announced its intentions to offer honorary citizenship for an investment of $1 million, along with an additional $500,000 for socio-economic development.

In the small country of Suriname, located in the northeast of South America, the government is taking steps to develop a unique citizenship program that differs from traditional investment schemes. Instead of the short-term offers provided by many countries, the Surinamese initiative proposes a five-year period for obtaining citizenship, highlighting the country's commitment to attracting long-term investors interested in the region's development. Although the details of this program have not yet been disclosed, the country's president has already mentioned the possibility of obtaining citizenship through investments, opening new horizons for those seeking profitable investment opportunities.

Uzbekistan, in turn, is considering the possibility of granting citizenship to foreign investors willing to invest at least one million dollars in the country's economy. However, despite the potential benefits of such a move, the high investment threshold may deter many investors, especially when compared to other countries offering similar programs at a more affordable price.

The Central African Republic is also getting into the game with the launch of its own cryptocurrency called the called Sango Coin. In addition, the government is willing to grant citizenship to those who are willing to to invest at least 60,000 dollars in the country and maintain that investment for five years. The program, which will begin in 2023, aims to sensitize investors to the country's development prospects, utilizing modern technology and openness. development of the country, using modern technologies and opening new avenues for cooperation.

Laos is considered by experts to be one of the first countries that could successfully implement such plans, thanks to its political structure and strategic location. Armenia also draws interest in this context, as its citizenship can serve as a bridge for access to the former Soviet republics, which is particularly appealing to investors looking to expand their opportunities in this market.

The Armenian citizenship program, in particular, is of great interest to experts. Recognition of citizenship in this country can significantly broaden the horizons for potential candidates, providing them with unique opportunities for business and collaboration in

Conclusion

In conclusion, it can be said that countries in the Balkan region, such as Albania, Armenia, Greece, Zimbabwe, Kenya, Laos, Mauritius, the Maldives, Rwanda, and El Salvador, are actively developing and implementing citizenship by investment programs. Despite differences in approaches and conditions, they all aim to attract foreign investors, stimulate economic development, and strengthen their positions on the global stage.

These initiatives can have a significant impact on the future of these countries, opening up new opportunities for development and cooperation. It is important to keep an eye on the developments in these regions, as the citizenship by investment program is becoming increasingly popular and in demand in today's world.