Cambodia: A cultural capital in Southeast Asia where you can invest and obtain their passport
Today we’re bringing you a citizenship by investment scheme that we haven’t covered before, Cambodia. Cambodia is situated in Southeast Asia, renowned around the globe for being the home to a number of cultures, idyllic beaches and historical landmarks.
Citizenship by investment can be broken down into a number of subsidiary investment types, in this case, the opportunity to relocate to Cambodia is a Direct Citizenship Program.
Essentially, programs of this type work by prospective investors being invited to invest in a number of citizenship pathways, be it through real estate, government bonds, or even reforestation. In return for the investment, the investor (and sometimes their families as well), are presented with a second passport and citizenship in the country.
The mutually beneficial nature of these programs is exciting because both parties are contributing to the development of each other, and in Cambodia, this is no exception!
Am I eligible for this program?
Luckily, Cambodia do not outline an extensively limiting criteria which would prevent you from investing should you wish to do so. Instead, there are a number of different investments you can choose between when it comes to getting the ball rolling with your application for citizenship.
Please find below a brief outline of each opportunity:
1. US$245,000 in the form of a government donation
2. US$305,000 in the form of a project investment approved by the Cambodian Development Council
3. US$305,000 in the form of a project investment approved by the government
Now, as with most things these days, there are some additional costs you’re likely to incur during the process. While these wouldn’t mean you would be ineligible for the program, they are important to consider from a personal point of view as to whether the investment program is for you. They are as follows:
· US$5000 in the form of a deposit
· US$25,000 before submitting application form
· US$40,000 upon acceptance of application
· US$15,000 to collect the passport
While these total an additional US$80,000 in costs, the overall price of the scheme is still far below its competitors, something to consider if you’re initially overwhelmed by the apparently large nature of these extra fees.
Are there any benefits to Cambodian citizenship?
If you’re now considering the program, you’ll want to know what else is in it for you. Luckily, there are a number of benefits that will be made available to you as well as the dual citizenship and second passport that programs like these tend to be known for.
Here are some of them:
· Lower taxes with citizen status
· Low cost of living in the nation making your money go further
· Warm climate
· Short processing time (about 3 months minimum, can be up to 6 months)
· Visa free access to 53 nations, although this does not include Europe
There is also no physical presence requirement for the program, making your travel load lighter and in all facilitating an easier application process for you as the investor.
So, if you are interested in finding out more about the pathway to citizenship through investment in Cambodia, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.