Court Case Addresses South Africans Stripped of Citizenship Once Applying for Dual Citizenship
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LONDON, May 20, 2021 /PRNewswire/ A South African political party is seeking justice for thousands of South Africans who have unknowingly been stripped of their citizenship after obtaining another citizenship. Hence, the Democratic Alliance is taking the Home Affairs Department to court to challenge South Africa s citizenship law for being unconstitutional .
While the nation does permit its citizens to hold dual nationality, the Citizenship Act 88 of 1995 states that individuals will automatically lose their citizenship unless they apply for a letter of retention to keep their South African citizenship. A lack of clarity surrounding the law has left many South Africans deprived of their native citizenship. Furthermore, the department that offers the service for retaining citizenship has remained closed due to the pandemic maki
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St Kitts and Nevis Citizenship by Investment Programme in Top 10 for Applicant Approvals
LONDON, April 30, 2021 /PRNewswire/ New data shows that the Federation of St Kitts and Nevis Citizenship by Investment (CBI) Programme is in the top 10 for its number of approvals in the last seven years. The statistics, posted by investment migration publication IMI Daily, noted St Kitts and Nevis CBI Programme as remarkably constant with the number of approvals it grants migrant investors.
For nearly four decades, St Kitts and Nevis has been operating the world s longest-standing CBI Programme and facilitating a means for investors and their families to obtain citizenship. Once applicants invest in the Sustainable Growth Fund (SGF), hailed as the fastest and most straightforward route to second citizenship, the contribution is channelled into national development projects on the islands, ranging from healthcare to education.
/PRNewswire/ In an editorial for Kenya s StartUp Magazine, Les Khan, the CEO of St Kitts and Nevis Citizenship by Investment (CBI) Unit, said becoming a.
Indian Millionaires Are Investing in Second Citizenship and Moving Abroad
LONDON, April 16, 2021 /PRNewswire/ The affluent class in India is moving abroad through large investments in exchange for citizenship or residency in another country, according to CS Global Partners, a London-headquartered citizenship advisory firm. In 2018, a report from Morgan Stanley Bank on Wall Street indicated that 23,000 Indian millionaires had left the country since 2014. More recently, a report by the Global Wealth Migration Review found that nearly 5,000 millionaires, or two percent of all high-net-worth individuals in India, moved abroad in 2020 alone.
Currently, India is home to 6,884 ultra-high-net-worth individuals and 113 billionaires. During the pandemic, forty Indians entered the billionaires club to take the number of those in the coveted list to 177 people.