Savory & Partners: Birthright citizenship and the exciting world of birth tourism

2022/12/05 Leave a comment

Have an update on Canadian numbers forthcoming but in the meantime, the marketing by one of the major citizenship-by-investment firms:

Jus Soli, or birthright citizenship, is a concept that has been applied for centuries throughout various countries. The premise of birthright citizenship is simple; those born within a country’s borders are granted direct citizenship.

However, in practice, birthright citizenship can get quite complicated, as each country continues to set its own laws and restrictions.

What is Jus Soli?

In April this year, Portugal passed a legislation regarding Jus Soli. According to this law, after one year of having a Portuguese residency, should you have a child born, they would be able to obtain Portuguese nationality immediately.

The idea of obtaining a preferable citizenship for one’s children remains a major attraction, and in a world where travel times are short and visas are plentiful, it has given birth to a new type of tourism altogether – birth tourism.

“Jus Soli, or birthright citizenship, is a concept that has been applied for centuries throughout various countries. The premise is simple; those born within a country’s borders are granted direct citizenship.”

Birth tourism refers to those who obtain a visit visa to give birth to their child in a country that has Jus Soli laws in place, allowing them to obtain a citizenship for their newborn.

Unlike immigrants giving birth to their children abroad in their new country of residence, birth tourism only requires a visit visa and a well-timed trip.

One of the countries with the highest birth tourism rate is unsurprisingly the USA, as the nation has unrestricted birthright citizenship laws in place, allowing anyone born on its land to obtain US citizenship directly.

While birth tourism is not easily tracked, the Center For Immigration Studies, a US based think tank, estimates that 33,000 people on visit visas give birth in the US each year. The center also states that most of these birth tourists hail from China, Taiwan, Korea, Nigeria, Turkey, Russia, Brazil, and neighboring Mexico.

The premise of birth tourism has quickly grown, but those considering it must be aware of the country’s birthright citizenship laws, as not all Jus Solis are born equal, and traveling to a country to give birth for the purposes of gaining citizenship without understanding birthright citizenship regulations can be a costly and futile affair.

Understanding Birthright Citizenship

First, there are unrestricted and restricted birthright citizenship laws. Unrestricted birthright citizenship means that anyone born on the soil of a nation will automatically obtain citizenship, no matter their circumstances. This is the case in the US, Canada, and even Brazil, which many estimate may be one of the most birth-touristic countries in the world thanks to its powerful passport and easy visa process.

Other countries have restricted birthright citizenship, which means that in addition to being born within the country’s jurisdiction. This is the case in the UK and Ireland, for example, where to gain citizenship in the former, one of the newborn’s parents must either be a citizen or a settled resident in the UK. Settled in this context refers to someone on a permanent residence permit, or an indefinite leave to remain in the UK.

As for Ireland, one of the parents must actually be a full-fledged citizen, hence negating the entire premise of birth tourism.

Most countries allow the children of their citizens born abroad to apply for citizenship; and with a few exceptions such as Saudi Arabia requiring the father to be a Saudi national for the child to obtain citizenship, it allows for people who venture into birth tourism to obtain dual citizenship for their newborn on the day they are born.

Understanding the laws of birthright citizenship is the first obstacle, the second is getting to the country at the right time. This usually requires a visa, unless a person has visa-free travel to a country, and in the case of the US, it is difficult for pregnant women to obtain B1 or B2 visas during their second and third trimesters.

The Dual Benefits of a Dual Citizenship

Nevertheless, birth tourism remains highly attractive, especially for those who have already obtained a second citizenship through investment. For example, a person that obtains a Maltese citizenship through investment gains the ability to travel visa free to the US and Canada, two countries with unrestricted birthright citizenship, and the latter even provides free healthcare.

By getting a Maltese citizenship, a person can structure it so that their child is born in the US or Canada, giving them a third citizenship in the process, in addition to the Maltese one and their original citizenship, essentially tearing down all mobility obstacles in their child’s path and providing them with the tools they need to fulfill their potential.

Another simplified route that allows people to get another citizenship for their children is through the Portuguese golden visa, which awards those who invest in Portugalwith a residency permit for themselves and their family members. If a person has a golden visa and has a child within Portugal then that child can become a citizenship after one year of their birth. As the golden visa has a fast track to citizenship after five years and minimal residence (just seven days a year), it is an excellent option for those looking to get a second citizenship for their children in a relatively short time frame while also laying the groundwork for getting the citizenship themselves a little farther in the future.

Birthright citizenship on its own remains a very interesting topic, however, when combined with citizenship by investment, it can yield outstanding results that are open to very few people around the world.

To know more about citizenship through birthright or investment, contact us today to talk with one of our second citizenship experts.

Source: Savory & Partners: Birthright citizenship and the exciting world of birth tourism

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How Citizenship by Investment Unlocks the Potential of Cryptocurrency: Marketing messaging

2022/03/14 Leave a comment

I always find the language that lawyers and consultants use in marketing citizenship-by-investment of interest. Now with the addition of cryptocurrency to the mix, the attraction of these programs to those of dubious backgrounds and motivations becomes even clearer.

The language around freedom, tone-deaf during the Ukrainian invasion, mirrors the “freedom” convoy language but one for the wealthy and ultra-wealthy:

The debate revolving around the true meanings of sovereignty and freedom greatly increased over the past couple of years. The pursuit of one’s individuality in a world dominated by identification has made headlines, focusing heavily on the growing trend of cryptocurrency.

As blockchain technology continues to evolve, an increasing number of people have jumped on the bandwagon, investing in various types of digital currency.

While the growing values of major cryptocurrencies such as Bitcoin or Ethereum have undoubtedly played a significant role in attracting a large number of investors, it is the potential of cryptocurrency that remains its main allure.

But there is one more factor that makes cryptocurrency a highly sought out venture, the financial independence it brings to the table. Cryptocurrency is truly decentralized, giving its holders the freedom to roam free. Yet, there is another venture that provides similar advantages in terms of physical freedom; citizenship by investment.

Those with more than one nationality enjoy greater travel, economic, and political freedom than single nationality holders. This sovereignty gives breath to an entirely different lifestyle, just as cryptocurrency destroys the shackles of centralized finance. Hence, it is only reasonable that both ventures go hand in hand, but that is just the beginning.

Where Cryptocurrency & Citizenship by Investment intersect

The intersection point of both cryptocurrency and citizenship by investment is clear – freedom. But the real beauty of the matter is how both issues elegantly harmonize, complementing each other to achieve even greater potential.

Cryptocurrency on its own may be shackled by a certain government or regulation. In the US, for example, cryptocurrency investors can have a tough time dealing with their crypto-assets. Americans are notoriously excluded from certain new coin offerings, while the US Internal Revenue Service (IRS) taxes capital gains on profit made from cryptocurrency sales exceeding 10,000 USD.

But that is just the start of it. Let’s say a crypto investor sells one Bitcoin, which is about 68,000 USD. A staggering 58,000 USD of that sum would be liable for capital gains tax. But there is more.

Biden’s government is currently working on a tax reform that will increase capital gains tax from 20% to a whopping 39.6%. This reform could destabilize, if not outright demolish, a cryptocurrency investor’s profit margin.

Crypto in the Caribbean

In St. Kitts & Nevis, however, cryptocurrency gains are not taxed, mainly because the Caribbeannation’s government does not impose any capital gains tax.

Its citizens are not excluded from coin offerings, and banks in the nation do not shy away from working with crypto investors.

There are no limits on a Nevisian LLC, for example, in terms of working with cryptocurrency, and the twin-island nation even has Bitcoin ATMs littered throughout the country.

But the best part of it is; St. Kitts & Nevis has a citizenship by investment program.

Interested investors can obtain a St. Kittian passport for an investment starting at 150,000 USD(almost two Bitcoin), and are free to conduct their crypto activity as they see fit.

Major cryptocurrency investors, like the renowned Roger Ver, have taken the plunge, getting a St. Kitts & Nevis passport, renouncing their US one, and living life to the fullest in the Caribbean.

Cryptocurrency gives people a certain degree of financial freedom, but its entire potential is unlocked through obtaining a citizenship of a crypto-friendly, tax-favourable country like St. Kitts & Nevis.

But St. Kitts & Nevis isn’t the only option for cryptocurrency investors; as its neighbour Antigua & Barbuda has a similar mindset when it comes to cryptocurrency, and both are part of the Eastern Caribbean Currency Union (ECCU), which is the first political-economic organization to launch its own digital currency, dubbed DCash.

Whether the ECCU’s DCash garners the same enthusiasm as Bitcoin has is still to be seen, but the entire enterprise is a testament to the organization’s (and its member’s) attitude toward cryptocurrency.

St. Kitts & Nevis’ citizenship by investment program has long been a route for high net worth individuals (HNWIs) to obtain greater global mobility, enhanced financial freedom, and a robust plan to mitigate political and economic instability.

Crypto & Global Freedom

Combining Citizenship by Investment Programs with cryptocurrency elevates the degree of freedom, allowing a person to roam the globe along with their wealth.

Combining a second citizenship with cryptocurrency knocks down all types of major barriers, giving the term individual sovereignty much more meaning.

The head of the St. Kitts & Nevis citizenship by investment program, Les Khan, recently stated in an interview that one of the largest applicant nationality pools were Americans, and it comes as no surprise.

True freedom has evolved from just being able to travel visa-free into something much more complex, and cryptocurrency investors tend to have that mindset of emancipation, which intersects beautifully with citizenship by investment.

But it isn’t just Americans, as no one knows how global governments will deal with taxing, or even banning, cryptocurrency trade; and the best route around that uncertainty is through obtaining a second citizenship.

Book A Free Consultation

The United Arab Emirates and MENA regions are home to some of the wealthiest individuals in the world.

At Savory & Partners, we have assisted an important number of crypto investors in the Middle Eastand North Africa region, securing their second citizenship and passport for themselves and their families.

If you would like to know more about getting a second citizenship and how it could enhance your lifestyle as well as your cryptocurrency trading, contact us today to book a free, comprehensive consultation with one of our seasoned consultants.

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.

Source: How Citizenship by Investment Unlocks the Potential of Cryptocurrency

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Savory & Partners advise on investment migration to empower women all around the globe

2021/08/07 Leave a comment

I always enjoy sharing these promotional puff pieces, this one with a new shameless tack of “empowering women:”

The 21st century may not be a utopian era when it comes to gender equality, but it is slowly getting better; we are seeing more women leaders, high-ranking politicians, academics, professionals, CEOs, and more.

Women are playing an immense role in driving change and evolution throughout our communities, and as more companies, households, and communities are run by women, it is only logical they seek the tools necessary to do so – enter investment migration.

Women empowerment through investment migration is a two-phase process. The first phase comes in the form of the decision-making process when considering investing in investment migration. The second phase is using it to enhance their success.

The Decision-Making Process

As someone looking to invest in global mobility assets such as a European Union residency or a new passport from the Caribbean or Turkey, it is essential that this venture is thought through to ensure they and their family gain maximum benefits from the second citizenship.

Savory & Partners can help by giving the best options available, but it is up to individuals to ultimately decide what it is their family needs, what tools any children require to fulfil their potential, and what option suits a person’s lifestyle most.

Studies show that women have great cross-signalling when it comes to the thought process, which enables them to get a better holistic view of matters and predict how any given decision can affect the people involved. That wholesome view is greatly needed in the decision-making process when considering investing in residency by investment or citizenship by investment, and it is that mindset that can greatly benefit your entire family.

Mothers have a huge role to play, as getting the right type of residency by investment or citizenship by investment is critical for the future of the family. Kids may attend the best universities in the fields they desire, they may find better work opportunities, and families can rely on a second home as a Plan B in case of any political turmoil back home. Considering children is key in deciding which residency or citizenship by investment program suits a family the most.

Enhancing Success

Succeeding in today’s corporate world is no simple feat, be it for a man or a woman, yet we see an abundance of women CEOs and Presidents throughout the global business landscape.

Managing a business or career can be a daunting task, but luckily, investment migration can make it a lot easier. Many savvy investors pursue residency or citizenship by investment to elevate their global mobility and create a stronger foundation upon which to expand their business.

Getting a residency by investment in Portugal, for example, allows women to expand their business into the EU market, taking advantage of one of the world’s highest-functioning economic areas. Gaining Portugalresidency through the Portugal Residency by Investment Program, dubbed the golden visa, also leads to Portuguese citizenship, which can open up even more opportunities for global business.

While obtaining a second passport from, say, Dominicasignificantly improves global mobility capacity, allowing visa-free travel to the world’s hottest economic hubs such as the United Kingdom, EU, Singapore, Hong Kong, and more.

Women are making their way to the top of the business ladder, and investment migration can help them take their success from a local stage to a global one. Choosing the right country to boost a business is critical, but investment migration does give an abundance of choices. From residency in Spain, the highest-ranking EU country in terms of female CEOs, or citizenship of St. Lucia, where female managers (57.3%) are more common than their male counterparts (42.7%).

“Being the Managing Director and a mother of two beautiful boys, balancing both my roles, I see the need to increase awareness of second citizenship amongst women.” – Helena Savory, Managing Director of Savory & Partners.

But investment migration is not just about running a global business, it is a great way to protect assets. The number of high net worth women (HNWW) is increasing worldwide. Forbes World’s Billionaire List (The Richest 2021) included 328 women, a 60% increase on last year, and women must also protect their wealth against corrosive taxation and economic instability.

Residency by investment and citizenship by investmentallow people to diversify an asset base by moving wealth into secure offshore banks in common law countries such as St. Kitts & Nevis, or by pursuing real estate in hot property locations like Lisbon or Athens.

This diversification means wealth can be safeguarded against uncertainty, securing a fund for a rainy day in an accessible location.

Our Mission of Women Empowerment

We at Savory & Partners understand and value the role of women in the community, especially that our Managing Director is a mother of two, and considering our team consists of ambitious, intelligent, and driven women.

When you come in to find the best citizenship or residency by investment options for you and your family, we can understand your objectives, pain points, and reasoning, and we can provide you with a portfolio of solutions that address them perfectly.

We are playing our role in empowering women within our own business, but we are also aiming to empower more through our high-end solutions.

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.

Source: Savory & Partners advise on investment migration to empower women all around the globe

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Dubai firm named in St Kitts-Nevis citizenship-by-investment scandal

2018/12/04 Leave a comment

Yet another one:

Copies of letters, emails and other documents in the possession of Caribbean News Now reveal that Savory & Partners, a Dubai-based citizenship by investment (CBI) agent with a claimed 200-year British pedigree, has seemingly been diverting investors from the St Kitts and Nevis government’s Hurricane Relief/Sustainable Growth Funds into a real estate development.

As reported previously, a letter purportedly sent by the Citizenship by Investment Unit (CIU) of St Kitts and Nevis to a local authorised agent has been denied by both the CIU and the local agent, leading (if true) to the inescapable conclusion that it has been forged, probably using a genuine letter as a template.

The letter states that “the application via real estate option” in a development for a specified individual “has been approved in principle for Citizenship by Investment”.

The letter goes on to say that “payment of US$150,000 must be made within six months”. However, the minimum amount required by law under the real estate option is an investment of $200,000, not $150,000 as stated in the letter.

The local citizenship agents concerned told Caribbean News Now that the firm “has never received such a letter from the unit and has never forwarded such a letter to anyone”.

Furthermore, according to Les Khan, CEO of the CIU, the letter does not conform to the Unit’s customary format and content. This prompts the question: who did the forgery; the remaining candidates being either Savory & Partners, the foreign agents for the application in question, or the local developer, or indeed both. Neither has yet responded to requests for comment.

According to the terms set out in the relevant documents signed by the applicant and the developer, the client is told he is purchasing a share in an approved development for an amount equivalent to the then CIP government “donation” option, but agrees immediately to transfer this interest back to the developer.

In other words, the applicant receives nothing of tangible value in return for his purported real estate investment except for St Kitts and Nevis citizenship, as would be the case if the applicant had instead made the optional contribution to the country’s Hurricane Relief Fund or Sustainable Growth Fund. However, under this scheme, others pocket the money instead of the government, without giving anything of concrete value in return.

Agents involved in this deceit can make upwards of US$100,000 per application, compared to the customary government commission of US$15,000, to the detriment of the people of St Kitts and Nevis.

Former St Kitts and Nevis prime minister, Dr Denzil Douglas, first raised the alarmover these questionable activities at a press conference last month.

Other Caribbean islands have been plagued by similar skullduggery. AAA Associates and Bluemina CBI consultants have been similarly promoting these dubious schemes.

With regard to the allegedly forged documents, Khan has stated that the matter is under investigation by the CIU.

However, since Caribbean News Now has also been provided with copies of text messages said to be from Khan to another citizenship firm encouraging the similar diversion of funds from the donation option into real estate projects of questionable feasibility, it would seem to be unrealistic to rely on the CIU to investigate itself. Indee,d Khan’s text messages are explicit, insisting agents follow his recommendation as to choice of developer when engaging in such activity.

Earlier this month Khan told Investment Migration Insider, an industry newsletter, that “Our real estate option is really taking off now […] It’s become a viable option and it’s now almost on par with the Sustainable Growth Fund […]”

In the meantime, Caribbean News Now also has copies of emails and written proposals from Savory & Partners sent within just the past few days to other potential clients offering St Kitts and Nevis citizenship at investment amounts far below what the CIU has confirmed are the legal requirements.

In addition, as reported earlier, a number of advertisements have been appearing on social media in the Middle East offering St Kitts and Nevis citizenship at investment amounts substantially below the legally mandated minimums.

It seems clear that the specific incident involving Savory and the other similar proposals and/or completed citizenship applications potentially give rise to criminal offences under the laws of St Kitts and Nevis as well as other jurisdiction. This is not the only example of forged letters in the possession of Caribbean News Nowrelating to other developers and agents, not just in Dubai.

There is, however, no word as to whether or not the matter will be referred to local police for investigation.

Further, since the available evidence suggests that the funds in question were or are to be transferred in US dollars through the US banking system, all parties involved should be concerned about their potential exposure to US federal investigation and possible money laundering charges, notwithstanding the claim by Savory on its website that its “British management team maintains a strict code of conduct based on professionalism, transparency and efficiency”.

All parties concerned have been asked for clarification or comment and any responses will be reported accordingly in due course.

Source: Dubai firm named in St Kitts-Nevis citizenship-by-investment scandal

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Evidence of massive fraud surfaces in St Kitts-Nevis citizenship programme

2018/11/28 Leave a comment

No surprise, these programs are almost designed for fraud:

Allegations of fraud in the citizenship by investment programme of St Kitts and Nevis have followed revelations supported by documentary evidence that agents in Dubai are selling passports at substantially below government-sanctioned rates.

Caribbean News Now is in possession of a copy of a letter purportedly sent by the Citizenship by Investment Unit (CIU) of St Kitts and Nevis to a local authorised agent. The letter states that “the application via real estate option” in a named development for a specified individual “has been approved in principle for Citizenship by Investment”.

The letter goes on to say that “payment of US$150,000 must be made within six months”. However, the minimum amount required by law under the real estate option is an investment of $200,000, not $150,000 as stated in the letter.

The citizenship agents concerned told Caribbean News Now that the firm “has never received such a letter from the unit and has never forwarded such a letter to anyone.”

“On learning of this development, we have met with the CIU and have written officially to request that the unit fully investigate this matter,” the firm said in a written statement.

In response to a request for clarification and comment, Les Khan, CEO of the CIU, told Caribbean News Now that there are no government sanctioned discounts on any of the investment options. He insisted that the unit does not accept applications for any of its offerings below the price that is published in the regulations.

“Any letters from the unit will reflect the amounts as published,” he said. “In the case of the contribution, our letter will stipulate the contribution amount and whether it was the Hurricane Relief Fund, the Sustainable Growth Fund or the SIDF [Sugar Industry Diversification Foundation].”

Khan went on to state that the “contribution letters will not stipulate any development. In terms of the real estate offering, an approval letter will have the real estate fees required for the investment,” adding that “This letter will have the name of the development.”

Given that the letter in question purports to be an approval letter under the real estate option, “the real estate fees required for the investment” are conspicuous by their absence. It appears instead to be based on a “contribution letter” that has been tampered with in some way, including the somewhat curious turn of phrase “the application via real estate option”.

According to Khan, the matter is currently under investigation by the CIU but, in the meantime, the flurry of agents in the Middle East offering St Kitts and Nevis citizenship at the greatly reduced rates outlined above has yet to be explained.

This revelation follows allegations at a recent press conference by leader of the opposition, Dr Denzil Douglas, that the government is allowing St Kitts and Nevis economic citizenship to be sold for as little as US$37,500,

In a press statement last week, Khan said he had just returned from a marketing trip to Abu Dhabi and Dubai, where he took the opportunity to have a series of one-to-one meetings with agents across those territories in order to reinforce that the investment options remain unchanged at US$400,000 and US$200,000 for real estate and US$150,000 for the Sustainable Growth Fund (for a single applicant).

However, the allegations by Douglas have been reinforced, and Khan’s denials contradicted, by a number of advertisements appearing on social media in the Middle East, confirmed by direct messages from the citizenship consultants involved seen by Caribbean News Now.

For example, Savory & Partners explicitly offer St Kitts and Nevis citizenship for a single applicant for $113,347 “all inclusive”, which presumably refers to the government’s additional due diligence fee of $7,500.

This compares to the government’s published total of $167,500 ($150,000 + $7,500) and, according to Savory & Partners, represents a “limited time offer for our valued clients”.

Another firm, Citizenship Invest, offers an even lower “limited offer” rate of $100,000.

Multi Passports offers yet another lower rate of $99,000 “all inclusive” for a single applicant, as well as $145,000, again “all inclusive”, for a family of four, compared to the rate stated on the CIU website of $195,000 plus due diligence fees.

AAA Associates advertises a family rate of $155,000, also confirmed by direct messages seen by Caribbean News Now, compared to the official rate of $195,000 plus due diligence fees.

It is not yet clear what prompted at least four agents, and reportedly many more, to start offering St Kitts and Nevis citizenship at these substantially reduced investment requirements when the CIU is saying that such options are not in fact available.

Major stakeholders in the economic citizenship industry are now demanding answers, as pressure grows on the St Kitts and Nevis government to explain the contradictions between its exculpatory statements and the available evidence.

Source: Evidence of massive fraud surfaces in St Kitts-Nevis citizenship programme

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Citizenship for sale: Savory & Partners Press release on Dominican Republic Citizenship

2016/07/28 Leave a comment

Press release reprinted in its entirety:

Following Prime Minister Roosevelt Skerrit’s announcement yesterday at the annual Dominica Government Budget Address, the current pricing thresholds for its popular citizenship-by-investment program will remain unchanged for 2016, Savory & Partners, a Dubai based Dominica Government Approved Citizenship Agent can exclusively reveal.

With this recent announcement, Dominica citizenship will continue to start from $100,000 and therefore remain as the least expensive of all the Caribbean citizenship programs, in most instances as much as half the cost of its peers.

During his Budget speech the Hon. Mr Skerrit outlined that the economic citizenship program has raised more than USD $200 million dollars, surpassing all expectations.  The funds raised from the program have been a major source of funding in the recovery efforts raised after tropical storm Erika.

The cost of Dominica citizenship starts at $100,000 for a single person and $200,000 for a family of four persons.

·         $100,000 for a single applicant;

·         $175,000 for applicant and spouse ;

·         $200,000 for applicant, spouse and up to 2 children below the ages of 18 years old;

·         $50,000 for any additional dependents of the main applicants other than spouse (unchanged)

In addition, Dominica offers selected real estate investments to qualify for the its passport. The minimum investment required for real estate is $200,000, covering a family of 4.  With a minimal difference between the real estate and donation option, this incentivizes applicants to invest in Government Approved projects in the country of their second citizenship.  Already more than one 5-star hotel brand has committed to build resorts on the island with other residential and hotel resorts for investors to choose from. Some are in the form of shares, other offer freehold title deed and after a period of 5 years the real estate may be sold and the applicant retains their citizenship.

Jeremy Savory, CEO & Founder of the British family-owned Citizenship by Investment advisory firm Savory & Partners observed” This announcement is extremely positive as it keeps second citizenship accessible for a greater share of the region’s population seeking a second passport. In particular single applicants, or families with children over 25 who would be double, triple or multiple applications it is a cost-effective alternative to other citizenship by investment jurisdictions. Over the last 12 months we have successfully processed almost 100 high quality applications in anticipation of a price increase, so this extension will come as welcome relief to those who were concerned they could not submit their application before the 1st August 2016.”

At the end of 2015, Savory & Partners hosted an exclusive dinner for prominent members of the UAE business community who held Dominica citizenship where The Prime Minister The Hon. Mr Skerrit addressed guests on investment opportunities available in his country and the importance of developing reciprocal business relationships between Dominica citizens in the Middle East and around the globe. This private by invitation-only event was attended by over 60 VIP businesspersons together with His Excellency, Dr Vince Henderson, the Permanent Representative and Ambassador of the Commonwealth of Dominica to the United Nations and His Excellency Ambassador Mr Emmanuel Nanthan, Director of the Citizenship by Investment Unit (CBIU).

The Dominica Citizenship by Investment Program has been in effect since 1993, making it one of the oldest and most established second passport programs in the world. After a rigorous investigation that takes up to 3 months, successful applicants are granted the citizenship of the Commonwealth of Dominica Citizenship. The passport allows visa free travel to over 127 countries including the United Kingdom & Schengen. A member of the British Commonwealth, Dominicapassport holders may stay for up to 6 months in the UK and 3 months in European countries. The passport also provides investors with increased business and banking opportunities, significant tax advantages and family security and safety. The Government of Dominica accepts applications only from Government Approved Agents such as Savory & Partners in Dubai.

Savory & Partners is a British family-owned company with roots reaching back as far as 1794 when the Savory family were the pharmacists to the British Royal Family. The pharmacy division of the family business closed and is now part of the Melbourne University Medical University in Australia. However today the company has established itself as a leading second citizenship firm in the Middle East with Authorized Agent status granted by the Governments of Dominica, Grenada, and Antigua and Barbuda. Savory & Partners are trusted by governments around the world to source individuals of the highest caliber. By providing the highest level of service through experience, knowledge and trust, a successful application is guaranteed.

Source: Savory & Partners: Cost of Second Citizenship to Remain Unchanged

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