The concept of Corporate citizenship is super interesting from investment point of view. The Corporate Citizenship by investment is a new concept for corporates or business investors, became popular after 2010.
What is corporate citizenship? In real world, Corporate citizenship refers to a company’s responsibilities toward society. The goal is companies to produce higher standards of living and quality of life for the communities that surround them and still maintain profitability for stakeholders according to Investopedia.
The same goal applies for corporate citizenship through investment schemes.
Corporate investors investing in new hotels, resorts or other enterprise projects in sustainable development, are eligible for citizenship through investment schemes. All corporate investors who own shares of certain threshold also qualify for citizenship including their family members
The corporate investment projects in these countries produce economic development in these countries, creating more jobs, support growth of tourism, more taxes and VAT collections bringing more benefits to society while still generating profits, while still meeting legal, ethical and economic corporate responsibilities.
The Corporate investments can be made in any sustainable development projects in these countries such as green energy, education, transport, tourism, information technology, research etc.
The corporate citizenship schemes currently only run in 5 countries requiring a high value investment
- Antigua and Barbuda ($5 million minimum provided $400,000 per company share)
- Montenegro (€5 to 10 million in five star hotels, agriculture, sustainable development energy)
- Cyprus (no ceilings but contribution €2 million per share)
- St Lucia ($3 million with each share of $350,000 )
- Moldova (no limits but €250,000 per investor share)
The emergence of several luxury hotel projects in the Caribbean funded by citizenship investment schemes helped the spur development in these countries creating hundreds of permanent jobs, tourism and other sustainable developments.
Corporate/Business investments have been invested already invested in real estate, education , green energy, IT parks and other commercial projects.
We anticipate the rise of corporate citizenships will create a new billion dollar industry within the CBI industry contributing to millions of dollars in business investments expanding to several dozen countries.
Best Citizenships introduced the concept of Corporate citizenship to the investment immigration industry. Read more here
