The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. Comoros did once have the cheapest instant passport worldwide, however this program was ended in 2016 by the new government. Important Notice: Comoros citizenship-by-investment program was closed (terminated) by the Comoros Government from May 2017. The Comoros, officially the Union of the Comoros, is a sovereign archipelago island nation in the Indian Ocean located at the northern end of the Mozambique Channel off the eastern coast of Africa between northeastern Mozambique and … This benefit of resolving statelessness through citizenship by investment schemes highly problematic. The authority responsible for processing citizenship applications is the National Independent Committee. In addition to many smaller islands, the country consists of the four major islands in the volcanic Comoros archipelago: Grande Comore, Mohéli, Anjouan, and Mayotte. Main applicant must be at least eighteen years old and must be a foreign person residing outside of the Comoros; Main applicant must have no criminal record (be of good character), and must not be a member of a terrorist organization; Main applicant must have made an government donation in the prescribed amount; The application procedure is personal (not only for the main applicant but also for the family members). New passports also made them vulnerable to deportation from their countries of residence. Today we received our passports, a happy day. Rules of MM2H program depend on the age of the main applicant. – Adewale, Nigeria. In exchange, Comoros receives a fee for each passport issued. At a price of USD 45,000 for an individual or about USD 85000 for an entire family, Comoros’ citizenship-by-investment program is the world's most affordable. And Egypt approved a new citizenship law paving the way for a new citizenship by investment program. If you have any questions regarding citizenship by investment in other countries, for instance, in the Caribbean, contact us today. The investment program has been suspended following abuse of the program … Application can be made in Turkey or some Middle East country. Citizenship-by-Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. For centuries the Comoros played a major role in the world economy, as a stopping off point on the mercantile routes from the East towards Africa and to the West. The list of countries can change subject to the governments’ policy. Mayotte, however, has never been administered by an independent Comoros government and continues to be administered by France (currently as an overseas department) as it was the only island in the archipelago that voted against independence in 1974. The application fees amounted to US$10,000 for a single applicant and an additional $50,000 for a family of four. There will be extra travelling costs (for the applicant, his family members, and the Comoros Immigration Officer) for the application procedure. The three-day investment migration conference organized by Henley & Partners a global leader in residence and citizenship planning took place at the swanky Savoy Hotel in London and was attended by Prime Ministers and government officials from the leading Citizenship By Investment Programs including those from the Caribbean along with 400 industry experts, advisors, and partners. At the same time in some cases, when passport is needed as some sort of security (like insurance policy) or for banking purposes it can be recommended. No notification about new citizenship to your home authorities. The authority responsible for processing citizenship applications is the National Independent Committee. The Comoros economic citizenship program was established in 2001 in accordance with the Union of Comoros Constitution. Passport is valid for 5 years and is renewable upon expiration. Comoros passports created a new problem to bidoons which acted like double edged sword. It looks like that Comoros Citizenship by Investment Program has the most affordable cost of all such official solutions. Citizens of the above-mentioned countries are not eligible to apply in the Comoros. Nationalities restricted from participation: Second Citizenship, Second Passport - FAQ, Second Passport by Investment Programs – Comparison Table, Honorary Consulate and Diplomatic Passport, Legal Basis for Honorary Consul Appointment, Publications on Immigration and Dual Citizenship, Temporary and Permanent Residency in Slovakia, Permanent Residence in Belgium and in other EU-countries, Immigration to Switzerland for financially independent persons, Immigration to Andorra for High Net Worth Individuals, Spanish Citizenship and Two-Stage Schemes Fraud. The government fees are as follows. The Union of the Comoros has three official languages – Comorian, Arabic and French – though French is the sole official language on Mayotte. The last significant amendments to the citizenship by investment scheme were made in 2013. The legal basis for the Comoros Citizenship by Investment Program is the Economic Citizenship Act passed in 2008, based on Article 19 of the 2001 Constitution of the Union of the Comoros. This material is protected by copyright laws. Comoros passport program remained so popular, despite comoros having visa free access only 52 countries in the world. citizens of the French Republic), Iranians. Fast and simple process. Nationalities restricted from participation: French (i.e. Other countries near the Comoros are Tanzania to the northwest and the Seychelles to the northeast. The partner government selects the candidates following a background check conducted by the partner government. Following the collapse of the … The changes include the reduction of the minimum investment amount to EUR 2 million (from EUR 2,5 million) and the possibility to include the parents of the main applicant provided that an additional EUR 500,000 + VAT will be invested in the purchase of a private residence in Cyprus. Highly recommended people”. The Economic Citizenship Program (ECP) allows Comoros to offer citizenship to foreigners who reside in partner countries. Once they had obtained the Comorian passports, the Bidoons ‘ceased to be stateless’, but the new passports explicitly forbade them to enter the African island. It was one of the cheapest citizenship by investment program ever existed in Africa. The CIP scheme hit by abuses and embezzlement of public funds. Today more than 40,000 people in UAE carry comorion passports. It is also not possible to invest in real estate for the purpose of residency. We must have the age in order we could quote the fees and expenses applicable in your case. Ireland Citizenship by Investment Comoros citizenship by investment programs, is widely recognized as the cheapest among all existing citizenships by investment programs and also has one of the fastest processing times. Acquiring a second passport and citizenship offers many advantages. However, processing times may vary depending on the complexity of each individual case. The Government officially announced from 2009 to 2016, a total of 52,000 passports were sold as part of the economic citizenship program, and as soon as President Azali Assoumani came to power, new passports were issued under this program has been suspended and only renewal files were processed on a case-by-case basis. Further amendments to the citizenship by investment scheme were made in 2013. Montenegro Citizenship by Investment Program Will Be Closed December 04, 2020 / Alina Konkina Commissioner for the composition of the new government, Zdravko Krivokapich, said that the Citizenship by Investment program, which has been operating since the beginning of 2019, will not remain in force. This program allows foreign investors to obtain the long-term visa (10 years) by making an investment in the country. There are an increasing amount of second residency and second citizenship programs … Further the Comoros Government confirmed the cancellation of 170 ordinary passports improperly attributed to foreigners, including some diplomatic passports. The legal basis for the Comoros Citizenship by Investment Program is the Economic Citizenship Act passed in 2008, based on Article 19 of the 2001 Constitution of the Union of the Comoros. Spouse and children under 18 years old are qualified. The Comoros is the only state to be a member of the African Union, Francophonie, Organization of Islamic Cooperation, Arab League, and the Indian Ocean Commission. As perhaps the only person who covers the second citizenship scene to have actually been through three CBI processes personally (St. Lucia, Dominica – which I aborted, and Comoros), I’m uniquely qualified to speak on this subject. Serving HNW clients since 2011. There's a fast economic citizenship you've never heard of, do you want to learn more? Read the list of countries with visa-free and visa-on-arrival access for Montenegro passport holders. Citizenship awarded by President by decree. Scheme Start Date: 2001 Legal Basis: Economic Citizenship Act 2008 This citizenship offers visa-free access to 45 countries. If you have any questions regarding citizenship by investment in other countries, for instance, in the Caribbean, contact us today. Our law firm is an Authorized Representative of the Comoros Citizenship by Investment Program. Lifetime citizenship at a reasonable cost (compared to other second passport programs). The official name of the country is the Union of the Comoros. After approval, you will get your Comorian citizenship (the Certificate of Naturalization and passport). Main Applicant: USD 45,000 one time contribution to government projects, Child 0-18 years old: USD 10,000 / Child above 18 upto 23: $20,000. No need to renounce your current citizenship. Dual citizenship is recognized. If you want to set up a company, open a bank account, invest, immigrate and/or obtain residency permits and even citizenship in the Comoros Islands, get in contact with us directly for a free private consultation. Best Citizenships is now a part of Yellow network, “Very honest and professional service. Besides the investment, candidates need to pass a background check, have to do a medical test and buy a health insurance policy. There will be extra travelling costs (for the applicant, his family members, and the Comoros Our platform is free to use and we do not charge any fee to clients. In recent years the Comorian Government has made substantial efforts to improve the business climate, investment conditions and to encourage the entry of foreign investors. When you send us an e-mail, please, indicate your citizenship, country of residence, and age of every family member to be included into application. In recent years the Comorian Government has made substantial efforts to improve the business climate, investment conditions and to encourage the entry of foreign investors. Union of Comoros Citizenship by Investment. Citizenship by Investment Program of Turkey Countries are defined by the power and strength of their passport on the Henley Passport Index and The Passport Index. No risk of losing money without getting the desirable result (Government donation is to be made only after the approval). Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Through these programs, you can keep your current nationality while enjoying the benefits of a second one. 45000 USD to be exact. March 2017 - Hungary Economic Citizenship Program Closes The Hungarian Residency Bond Program has been placed on moratorium by the nation's Government. As for the professional fees, please, contact us to receive a quotation. This may seem like a lot but in the world of economic citizenship programs, it is a bargain. The program bestowed full citizenship minus the right to vote. What happened to Comoros Citizenship by... officially announced no new passports would be issued, How to get Ireland Permanent Residency for €400K, St Kitts is the Rolls Royce of Citizenship by Investment. Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. Important Notice: Comoros citizenship-by-investment program was closed (terminated) by the Comoros Government from May 2017. What makes CBI online platforms so popular? The population, excluding Mayotte, is estimated at 798,000. Many stateless people applied for comoros passport only for a new identification document, rather than international travel. It became independent from France on 6th July, 1975. Comoros may well open a citizenship by investment in the future, with change in political climate in the country. Citizenship: CLOSED OCT 2020: Real Estate, Business or Investment Fund: 6 months: 173: Ireland: Residency (naturalisation possible after 5 years) ... We represent multiple citizenship investment programs internationally. Comoros an island country in the Indian Ocean located at the  eastern coast of Africa between northeastern Mozambique and northwestern Madagascar. The citizenship by investment fees as follows. The idea of potentially giving up yo… Citizenship Invest specializes in “Fast Citizenship Programs” through which you legally obtain a second passport in a matter of 2 to 4 months depending on the program. Main applicant: 45,000, spouse: 20,000, child 0-18 years old: 10,000. Benefits. Our business model of online platform makes it cheaper and faster for clients as we directly with authorized agents, law firms and property developers approved by Governments without any intermediaries. T he citizenship by investment programs are not new. Citizenship is granted solely by decree of the President of the Republic. Passport can be used for banking purposes. Montenegro launched a brand-new Citizenship By Investment program in November 2019, and the program is still active as of May 2020. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. They’ve been around for decades, primarily as a way for countries to boost their incomes. Comoros’ Economic Citizenship Program was terminated in September 2013 for reasons that relate to the conduct of the program and its objectives. It can give you the freedom to travel without restrictions. All the fees are in US dollars. The Citizenship by Investment program is part of this effort. St. Kitts & Nevis implemented the first official citizenship by investment program in 1984. The cheapest Citizenship-by-Investment program available, it has also proven to be the most delinquent with passports sold as unregulated commodities. Comoros’ Economic Citizenship Program was terminated in September 2013 for reasons that relate to the conduct of the program and its objectives. The capital of the Comoros is Moroni which is situated on the island of Grande Comore. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. “Thank you for your excellent service. Comoros was the first country to launch a Citizenship by investment program in Africa. However, there is the option, for wealthy individuals, of obtaining a residence permit in Germany by business investment … Please, note that e-mails and questions regarding Comoros citizenship will not be answered. Comoros has stunning white beaches, a large active volcano and is one of the world’s poorest countries with a population of 850,000 residents and GDP of $1.2 billion. The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. Fast and efficient application process of approximately 2-4 months from application submission with no visit required. Other countries offer a route to citizenship following a reasonable period of residence, such as Australia, Belgium, Bulgaria, … It is a sovereign island nation in the Indian Ocean located Mozambique and Madagascar. Citizenship by Investment Immigration by Investment and Tax Residency Incorporate your Company International Bank Account Options Strategic Internationalization Credit card payments are collected by Incorporations Payments LLC with address at 26031 72nd Av NW, Suite O167, Stanwood, WA 98292 All the fees are in US dollars. In September 2016 , the Government of Cyprus introduced changes to its citizenship-by-investment program. This benefit of resolving statelessness through citizenship by investment schemes highly problematic. 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