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Until recently, states only extended citizenships to those entitled to such certificates by birth, descent, marital ties, many years of residence in the country or exceptional ability.
Beginning with St Kitts & Nevis in 1984, however, an unconventional path to naturalization emerged: Citizenship by investment programs (CIPs), a legal means of acquiring citizenships in exchange for substantial capital injections in certain states. In 2017, the number of jurisdictions offering instant citizenships in return for contributions has grown to eight, and many more grant nationality following a period of residence.
CIPs allow investors, as well as their families, to become full-fledged passport-holders of a reputable country of their choosing, usually by way of purchasing real estate, government bonds or publicly traded shares, by opening a business or by donating liquid assets.
Investors who avail themselves of these programs generally hold passports that, for a variety of reasons, limit their liberty or security, for example by restricting their mobility, privacy or educational opportunities, or by exposing them to armed conflict, economic repression and even political persecution.
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