Moldova’s new CIP scheme requires foreign investors to make one contribution of EUR 100,000 to public investment fund. All applicants are subjected to a stringent vetting and due diligence process, including thorough background checks, applicants and their families are granted citizenship.
Moldova has developed a four-tier due diligence system, which is considered the most thorough in the world for this kind of program.
All applicants applying for CBI program must have good economic and financial reputation, free from criminal record, fraud, malpractice, financial fraud or indemnities and pose no risk to Moldova,
The Government of Moldova said ..“In this regard, Henley & Partners provided a very rigorous verification system for the good economic and financial reputation of people who want to acquire citizenship of the Republic of Moldova by investing in four levels.”
- First Level Verifications will be performed by global diligence companies (eg Binder Dijker Otte (BDO), Risk Advisory Group or Thomson Reuters) and will focus on background checks and validation of the information contained in the application forms.
- Last Level Verification will include the rigorous verification of applications to the Program through competent authorities of the Republic of Moldova such as: Interpol, SIS, MAI, CNA.
Moldova’s Minister of Economy and Infrastructure, Chiril Gaburici said “The MCBI program will provide our economy with valuable FDI that will enhance the daily lives of all Moldovans. Uncompromising due diligence standards and compliance procedures will guarantee the credibility, competitiveness, and long-term sustainability of the program. In this regard, we are delighted to be working with Henley & Partners, whose good governance systems are industry-leading.”
It is important that main applicants and their dependents have entirely clean personal backgrounds and no criminal records. The MCBI program regulations further stipulate that a person who has been denied a visa to a country or territory with which Moldova has visa-free or visa-on-arrival travel arrangements and has not subsequently obtained a visa to that jurisdiction shall not be accepted to the MCBI program.
Marco Gantenbein of Henley & Partners said, “The benefits generated for the country and its people through the establishment and operation of a program with the highest standards of integrity and due diligence.”
