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“Golden” visas have become popular among wealthy Americans over the past year.
Americans are increasingly seeking second-citizenship residency as an “insurance” against global uncertainties, while U.S. authorities are taking action against countries with such programs amid security risks.
U.S. officials say the citizenship-by-investment program allows individuals from restricted countries to obtain new passports and circumvent U.S. travel, financial and banking restrictions.
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In a statement posted on Dec. 16, the president donald trump Reinstated executive orders and proclamations restricting the entry of foreign nationals to protect the security of the United States.
Numerous travel bans have been put in place, particularly Dominica; antigua and barbuda There is a citizenship-by-investment (CPI) program with relaxed residency and vetting requirements.
Dominica, Antigua and Barbuda have been subject to new travel bans on citizenship grounds due to investment concerns. (St. Petersburg)
“Foreign nationals from countries subject to travel restrictions may circumvent travel restrictions in their first country by purchasing a CBI from a second country that is not subject to travel restrictions, obtaining a passport with citizenship of that second country, and then applying for a U.S. visa for travel to the United States,” the proclamation states.
“U.S. law enforcement and State Department “Historically, CBI programs have been found to be susceptible to several risks. These risks include allowing individuals to hide their identities and assets to evade travel restrictions and financial and banking restrictions,” the report added.
Those seeking a “golden passport” only need to have a physical presence of five days within the first five years of citizenship.
The Citizenship by Investment Unit (CIU) is a government agency in Antigua and Barbuda established to manage all applications.
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According to the CIU, those seeking a “golden passport” only need to be physically present for five days within the first five years of citizenship.
Granted to “Golden Passport” holders Visa-free or visa-on-arrival access According to the CIU, applicants from more than 140 countries, including the Schengen area, will be able to obtain dual citizenship and retain their original nationality.
According to the new proclamation, “U.S. law enforcement agencies and the State Department have found that CBI programs have historically been subject to several risks.” (St. Petersburg)
Antigua and Barbuda also offers tax benefits, including no personal income tax, no capital gains tax, no inheritance tax, and lifelong citizenship.
The Organized Crime and Corruption Reporting Project (OCCRP) said it received information from 7,700 people, including war criminals linked to Russia and Iran. Dominican Republic citizenshipAccording to OCCRP’s 2023 study.
“The onus is on all parties, including service providers, to conduct their own thorough due diligence before onboarding a client.”
Dominican Prime Minister Roosevelt Skerritt reiterated in a statement posted on Facebook that the country enacted comprehensive CBI law reforms on background checks and financial transparency in October.
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“Dominica values its strong and long-standing relationship with the United States, including close cooperation in maritime security and regional stability,” Skerritt wrote.
“The Government reiterates that threats to the United States are also threats to Dominica and the entire Caribbean region, and we remain committed to cooperation. Transparency and shared security goals. ”
Those seeking a “golden passport” in Antigua and Barbuda only need to document that they have actually been there for five days within the first five years of citizenship. (St. Petersburg)
Mo Bennis, associate vice president at global financial advisory and consulting firm Arton Capital, told Fox News Digital that he was surprised to see Antiqua go public.
He said: “This country has continually stepped up its due diligence and vetting of applicants to a very rigorous level, utilizing the same type of international security firms that are applied across the industry.”
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“Today, all stakeholders, including service providers, also have a responsibility and they fulfill their responsibilities. Thorough due diligence before onboarding a client,” Bennis added.
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“This appears to reflect the evolution of similar border control policies, rather than any failure to meet Antigua standards.” Golden visa and stay program It exists in both the US and Europe,” he added.
