Current Citizenship By Investment Programs

[punkman]

Originally Posted by slogold

Look at Caribbean locations like Dominican Republic.

i have been researching myself but apparently there are conflicting information on the net, i am afraid most of them are scams, so can you point me out to the valid link regarding this kind of information? (steps on getting residency and then citizenship in caribbean locations)

Thanks

also according to doyouneedvisa.com, dominican republic doesn't offer me visa-free travel to europe, it's actually ranked about 169 in passport rank, where indonesia is still better

[LiftTheFog]

Portugal used to have something similar. All you had to do was buy a house or other such property. Don't know if they have changed the rules now though.

[punkman]

@goldenfleece, i cant reply your pm, if you want pm me your email and i'll reply there

[slogold]

you also have option to get second passport, not citizenship in Panama, in this case i think you can also keep your main citizenship

[punkman]

hey slogold thanks for giving me information about Panama, i've read about it and found these two:

http://www.offshorelegal.org/immigra...t-program.html

http://www.panamalaw.org/passport_program.html

but they are a bit conflicting, do i need $175,000 or $230,000 to invest in panama bank to proceed?

also once i start to invest, how long do i have to wait before i get my passport? And do i have to stay in panama for x years?

[slogold]

Panama required currently around $500k to maintain as deposit with Banco Nacional de Panama, procedure to get passport is also not fast, takes about 6 months i think, but keep in mind that this is not citizenship only second passport

[punkman]

ok so basically i can have indonesian nationality with panamanian passport, with $500K in panama bank account. That's nice, because i wont lose that $500K, right? Just that i need a bank account there..but is that actually legal or depends on my country policy? For example, indonesia doesn't recognize dual citizenship, in that kind of policy is it usually OK to get another country's passport? I honestly cant imagine someone with nationality A but have passport B, you know... because as far as i know, a country that adopts one citizenship policy (like indonesia or singapore) doesnt allow someone holding two different passports, but i dont know if i can keep up my country citizenship but use another country passport. Wont it be suspicious or something?

[slogold]

you keep both passports, in Panama you get it as investor i think, but some Panama lawyer would be more qualified to answer this, if you need to tlak with somebody send me PM, and yes, money in bank is yours and you are earning interests, but this is not much these days.

[wolf larsen]

Originally Posted by slogold

you keep both passports, in Panama you get it as investor i think, but some Panama lawyer would be more qualified to answer this, if you need to tlak with somebody send me PM, and yes, money in bank is yours and you are earning interests, but this is not much these days.

For how long is that passport valid? Is he able to withdraw the funds after the passport has been issued?

[slogold]

Originally Posted by wolf larsen

For how long is that passport valid? Is he able to withdraw the funds after the passport has been issued?

5 years
no, you should have deposit for the time your passport is issued