If I invest which foreign countries will grant me citizenship?
My husband and I are looking to buy property abroad and have been considering a number of locations. However, I have heard that there are certain jurisdictions where if you invest in property you can get residency or citizenship. This is a very attractive prospect given that this would give us the chance to live abroad later in life. Is this correct and if so, what are our options?
It sounds like a great idea, but it will depend on how much you are able to spend and, in some cases, your available wealth.
Thomas Wheeler, managing director at IR Global, the professional services network, says most countries place significant value on their citizenship and will not give it away in exchange for a simple investment. However, there are a number of smaller jurisdictions who do offer full citizenship to investors.
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