Joel Nagel, from Nagel & Associates Law in Pittsburgh, PA is our guest today to speak about Citizenship by Investment and Residency by Investment programs and also the options available to the globally-minded individual. In EP 63 of the Expat Money Show, Joel talked in depth about Asset Protection. Today we’ve him and really get deep on Citizenship by Investment and especially about Cyprus Residency Program and receiving a 2nd passport. What a topic that is huge and I also understand youвЂ™re likely to like it. Go someplace quiet with a notepad and pen because youвЂ™re going to desire to make notes! Joel Nagel is perhaps one of the more famous and well-respected attorneys in this room on earth and has now aided a huge selection of clients from around the world to get a residency that is 2nd second passport abroad.
What’s Citizenship by Investment or CBI?
LetвЂ™s start with what exactly is Citizenship by Investment? or CBI? We shall shorten it to CBI if thatвЂ™s okay with you
You will find multiple ways to get second citizenship in countries other than where you had been born. Some 2000 years ago itвЂ™s an old concept, one that is quoted in the bible. Things have actually demonstrably changed since then, but the concept continues to be the exact same. You were born into one nation. And that country, along with its ties that are political socio-economic platforms, have a passport that has guidelines connected. Some passports are excellent like Singapore among others are crap, like Iraq.
The concept that is modern of by Investment is just about 25 yrs . old. Each year more countries access it board as they see their neighbouring countries being infused with brand new cash and a more economy that is stable.
The idea of CBI is that you can either trade cash or buy real-estate to acquire residency or citizenship right into a brand new country.
Each nation has rules that are different they all have various requirements. متابعة قراءة “Best nations for Citizenship by Investment and Residency by Investment вЂ“ Joel Nagel”