Mistakes That Can Get Your Second Citizenship Revoked - Seite 2

Each country has its law, but the premise remains the same. Anyone who sells the property before the holding period is over will have their citizenship revoked. 

Proving Source Of Funds 

Anyone applying for citizenship by investment programs will have to undergo due diligence prior to obtaining their second passport. This process maintains the integrity of the program and ensures those becoming citizens are a good fit for the country's population.  

The due diligence process not only checks a person's criminal background but the source of their investment. Make sure the trail of the money you will use to invest is clear and precise and that it will withstand the scrutiny of time.

People Who Read This Article Also Read: Mitigating Risk – How a Second Citizenship Protects Citizens of Unstable Regions

One of the biggest issues, Al Jazeera's Cyprus Papers, a leak of information that put the now suspended Cypriot citizenship by investment program in hot water, was the lack of credible source of funds for many applicants. The Cypriot government has since launched a deep investigation and is now in the process of revoking citizenships.  

Make sure you have a clear paper trail and a clear transfer to the right party when conducting your investment.  

Physical Residence Requirements

Only one country of the group, Antigua & Barbuda, requires you to spend time in the country to maintain your passport. The Caribbean nation requires you to visit the nation for five (5) days after you have become a citizen within the following five (5) years to be able to renew your Antigua passport. 

Keep in mind, if you do not spend five (5) days, your citizenship will not be revoked, but you cannot renew your Antiguan passport until you spend those days on Antiguan shores.

Fraudulent intermediaries

Most Citizenship by Investment Programs have a list of approved international agents. Working with one of these agents who has accreditation from the granting government ensures accountability, transparency, and legitimacy.  

However, applying through a company or person who is not a registered agent may open the door for fraudulent applications that can be discovered by the government after a while. This may lead to the revocation of your citizenship and the loss of your investment, so always work with a company that has the required certificates to apply on your behalf.

Getting Second Citizenship & Keeping It 

We at Savory & Partners specialize in second citizenship services, we help you and your family quickly and affordably get a second passport. But we also provide comprehensive consultation on what to do after you get your new passport so that you do not fall victim to a simple mistake that you could have easily avoided. All you need to do is contact us today and book a free, comprehensive consultation.

Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. Founded in 1797, the agency has evolved from pharmaceuticals to family assets and legacy protection through second citizenship and residency. The company's professional, multinational staff is made up of expert advisors who have guided thousands of clients, including many North African investors, on their journey to find the most suitable CBI program for them. The Savory & Partners team will be happy to answer your enquiries in English, Arabic and French.

For more information, please send an email to [e-mail]. You can also call [phone] or send a WhatsApp message to [phone].