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FAQ About WorldPassports
WorldPassports was created out of a desire to inform people worldwide about the options to invest in other countries.
These investments have a high return value in that you can attain either residency or citizenship in the country you choose to invest in.
Founder David Baker was determined to share fact-based information, that is, at your deposal, about the benefits of becoming a citizen of the world.
You can get in touch with a WorldPassports expert by emailing us or reaching out through our various social media platforms.
You can also fill out a query form via our contact page, and one of our experts will gladly get back to you.
You can get in touch with our management by emailing us
Each article on the WorldPassports website is thoroughly researched by the writing and editorial team, and all information is factual.
All sources used are credible and trustworthy.
For further information on our sources and writing processes, please see our Editorial Guidelines.
At WorldPassports, we use 4 elements that cater to disabled people.
These include:
- Plain English
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FAQ About Residency by Investment
Residency by investment is a process which allows you to gain residency in a country by investing in its economy.
Numerous countries worldwide offer residency by investment programs, including Portugal, Australia, Canada, Mauritius, and Thailand.
You can find a definitive list of countries on our Countries That Offer Residency by Investment Programs page.
You can choose from several types of residency by investment programs.
The most popular ones include the Golden Visa Program, the Investor Visa Program, and the Global Investor Program.
You can find a definitive list of the various programs on our Types of Residency by Investment page.
Below’s a list of documents required when applying for a residency by investment program:
- National visa application form
- Valid, unexpired international passport
- Photographs
- Birth certificate
- Certificate of civil status
- Health insurance certificate
- Proof of residence
- No criminal record certificate
- Confirmation of payment of investment
- Bank statements
Please note that this list may vary depending on the country of investment.
It takes about 2-6 months on average to process an application for residency by investment.
The time taken to process an application varies from country to country.
Sometimes, it may take up to 8 months and sometimes even longer.
You, the applicant, are generally allowed to include your spouse and child(ren) or child dependents in your application.
Some countries also allow you to include your parents and spouse’s parents in the application, along with siblings under 18 years of age.
Even though COVID-19 has had some significant adverse effects on the global economy, it has positively affected residency by investment programs.
The outbreak created a catalyst for moving residency by investment applications online, allowing people to make their investments online and avoiding the inconvenience of physical paperwork.
The process has been streamlined and has become readily available for those interested in investing.
FAQ About Citizenship by Investment
Citizenship by investment is a process that grants individuals 2nd citizenship in exchange for financial investment in the country.
Numerous countries worldwide offer citizenship by investment programs, including Turkey, Grenada, and Bulgaria.
You can find a definitive list of countries on our Citizenship by Investment Countries page.
The types of citizenship by investment programs depend entirely on the country you are interested in investing in.
For example: St Lucia Citizenship by Investment and Turkey Citizenship by Investment.
You can invest in various methods, such as real estate, government bonds, bank-term deposits, business enterprises, donations, lump-sum taxes, and investment funds.
If you’d like more information about types of investment, you can visit our Types of Citizenship by Investment page
Below is a list of documents required when applying for citizenship by investment programs:
- Citizenship application form
- Valid international passport
- Birth certificate
- Certificate of civil status
- No criminal record certificate
- Confirmation of payment of investment
- Bank statements
Please note that this list may vary depending on the country of investment.
On average, citizenship by investment programs takes 3 to 4 months to process.
Some countries may process an application quicker than the average time, but in other cases, it can take up to 8 months to process.
In most cases, the family members you, the applicant, can include in your citizenship by investment application are your child(ren) or child dependent and your spouse.
Some countries extend the application to your parents and your spouse’s parents.
In some instances, you are even allowed to include your biological siblings under 18 years of age in your application.
However, these dependents have to adhere to certain conditions stipulated in the application of your citizenship by investment program.
Contrary to what COVID-19 has done to the global economy, it has benefited citizenship by investment programs.
The pandemic has forced investment programs to migrate to an online process which has only seen a positive outcome.
Investment programs are now easily accessible, resulting in a boom in the industry.
FAQ About Citizenship
There are 5 common types of citizenship: Family Citizenship: Jus Sanguinis, Citizenship by Birth: Jus Soli, Citizenship by Marriage, Naturalisation, and Economic Citizenship.
If you’d like more information about types of citizenship, you can visit our Types of Citizenship page.
In most cases, you would apply for citizenship by filling in an application form, meeting the minimum citizenship requirements, and establishing residency within the country.
Sometimes, you must write a citizenship test and pass an in-person interview.
Each country has its procedures for applying for citizenship, so you need to research the specific requirements and application process for the country you choose.
Yes, in most countries worldwide same-sex couples are allowed to apply for citizenship programs.
The exception is countries like the Caribbean, St. Kitts, and Nevis, which don’t allow same-sex couples to apply for citizenship.
Once you have submitted your citizenship application it goes through this application process.
The process is as follows:
- Your application will be reviewed to make sure it’s complete.
- You’ll receive an acknowledgement of receipt letter.
- Review to make sure you meet the requirements for citizenship.
- Depending on the country, you’re scheduled for a citizenship test.
- Depending on the country, you’re scheduled for an in-person interview.
- You’ll be informed about the decision on your application.
Once again, this process does vary from country to country.
The difference between citizenship and residency is that citizenship is permanent and gives you privileges and right within the country.
On the other hand, residency is a permit that allows you to live in the country while still having restraints.
In some countries, you must apply for residency before becoming a fully-fledged citizen.
The difference between second and dual citizenship is that in dual citizenship, you can have 2 passports from different countries, and those countries recognise that you have rights and obligations to both states.
While with second citizenship, you have different passports from different countries.
However, the countries do not recognise that you have rights and obligations to another state outside of its own.
FAQ About Residency
There are 2 most common types of residency available; permanent and temporary.
Permanent residency allows you to live in a country long-term with some rights and privileges within the law.
Temporary residency allows you to stay in a country for some time. This may be for business, studies etc.
Both types of residency do need to be renewed.
If you’d like more information about types of residency, you can visit our Types of Residency page.
You can get residency in another country in several different ways.
These are some options available to you:
- Invest in the economy of the country.
- Purchase real estate in the country.
- Marry a current citizen in the country.
- Study at a university in the country.
- Procure a job in the country.
- Seek medical treatment in the country.
There are various more options available that may suit your unique situation.
Yea, same-sex couples are eligible to apply for a residency program in most cases.
However, some countries don’t recognise same-sex couples and won’t allow them to apply for residency within the country.
These countries include the Caribbean, St. Kitts, and Nevis.
Much like citizenship, once you have submitted your residency application it’ll go through a specific process.
Here’s what the process entails:
- Your application will be reviewed to make sure it’s complete.
- You’ll receive an acknowledgement of receipt letter.
- Review to make sure you meet the requirements for residency.
- Depending on the country, you’ll be scheduled for an in-person interview.
- You’ll be informed about the decision on your application.
Once again, this process does vary from country to country.
The difference between second and dual residency is that with a second residency, you have a residence permit to live on a long-term basis in a country legally.
Dual residency means that you have a residence permit for tax purposes in more than one country, but you don’t necessarily live in the country.
In Conclusion
We hope that all of your questions regarding WorldPassports and our focus areas have been addressed.
Should you have any further queries, please don’t hesitate to contact us directly.
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