A Global Perspective of Economic Citizenship

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Economic citizenship programmes are geared towards providing nationality of a sovereign state to an individual. Once bestowed, the individual has access to legal and political rights in the country along with the same benefits as reaped by native citizens. In short, citizenship is deemed a personal association an individual shares with a state in return of identifying the person as a constituent of culture, national identity and part of the society.

The terms “citizens” and “national” are often used interchangeably however, their real-time meaning are different based on the given context. While citizens are nationals of a country, not all nationals are citizens but are only identifies as such due to the protection offered by the country. The same rule applies on permanent residents who’re also recognised as nationals but they’re obliged to meet certain jurisdictions and residential requisites to be known as citizens.

Dominica economic citizenship provides a person with the right to be a legal citizen of two countries; one is Dominica whereas other is of the existing state/country. Economic citizenship programmes are extremely helpful in countries that require an individual to renounce his existing nationality as a prerequisite to grasp another. Successful applicant of economic citizenship is often referred to as bearer of multiple nationality/citizenship.

The concept has extended and today condenses various trends of thought on the very context and its results as interpreted by different authors. Due to its association to a country, society, social policy and gender, economic citizenship is identified as a privilege and opportunity necessary on both men and women to attain economic independence and autonomy.

Dominica economic citizenship programme is known to provide individuals and families the privilege of obtaining fiscal independence and autonomy. In addition, it also provides the opportunity to reside in a country that’s protected from social, political and economic turmoil thereby promising a peaceful and secure lifestyle.

Dominica economic citizenship programme was established for people willing to make valuable investments and settle in the country being legal citizens. The process relieves applicants from undergoing permanent residency for a couple of years and during this time; they must prove themselves a valuable asset to the country by generating income which in turn impacts economy.

Historical incidences however demonstrate that seemingly good intentions aren’t always good enough as individuals create an aura of foul play that damages credibility of the country. In an attempt to eliminate all terrorist based activities and act of violence, most of the economic citizenship programmes around the world have been terminated.

Only three countries nowadays are offering the economic citizenship programmes and these are Dominica, Austria and Federation of St. Kitts and Nevis. To qualify for Dominica economic citizenship, applicants must comply with strict due-diligence executed by an international licensed agency. All applicants undergo thorough background evaluation conducted by government officials before processing the application and bestowing the citizenship.

Conclusion

Economic citizenship has lifetime validity after thorough evaluation and proof of finance to ensure an individual can conveniently earn bread and butter for a living.

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