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So...380 people per year? That doesn't really strike as an impressive number. Should it? If anything, I'd have expected it to be higher, for pretty much any country, but especially one with the development Cambodia has been seeing in recent years.
That's actually pretty cheap. Many countries require a half a million or a million. That's for citizenship;, not residence. It's pretty easy to set up residence (de facto, if not de jure) with no money at all. Or legal residence with nothing more than proof of income from outside, such as retirement pension, typically only about $15k or so a year.
That $300k from 500 people per year represents about 1/400 of Cambodia's GDP. Normally, the immigrant doesn't have to "pay" that much as a fee, but needs to invest it in a Cambodian enterprise, not refundable.
The 300k is if you invest in the country. If you wanted to make a donation, its roughly 250k. If you've lived in Cambodia for 7 years you can also apply (no $$$).
If you want a Tier 1 passport (visa free access to the US, Canada and Schengen) you will need to pony up 1M upwards (Cyprus, Malta). There are cheaper 'Tier 2' countries (e.g., Shengen access only) an you will pay less than 200k: Dominica and St. Kitts. I read Bulgaria also has a program. The cheapest second passport I believe is the Comoros (40k or less) - but aside from visa free access to several Asian countries, not really worth it. Its even more worthless than a Cambodian passport.
For my $, I'd do Dominica or St Kitts if I wanted to acquire second citizenship by economic donation. When I'm ready to retire, I'm off to Peru.. I just need to be a resident for 2 years (good opp to relearn my Espanol).
It amazes me that foreigners would want to get Cambodia's citizenship.
Owing your government several million dollars in back taxes or being indicted for fraud can be a strong incentive. Living in the US or some other western country is not always milk and honey, and these countries' citizenship sales are directed at a certain clientele that is moire than willing and able to pay for them. Especially since the US IRS has imposed banking regulations that have effectively ended all banking secrecy on Earth, now a US colony.
I'm not sure Id want to travel the world on a Cambodian passport. But the people there are wonderful. I could live there easily. We're thinking of flying up there within the next year, to check it out. It's so much nicer than Thailand.
I coouldn't open up the article for some reason, but does it say where these people are coming from that are taking up Cambodian citizenship? I would assume they are looking to do business in Cambodia and want support when they set up a company there or purchase real estate?
Portugal and Spain offer a golden visa for only 500K Euro's. I think this Cambodian citisenzhip must be related to setting up a business in the country, and I have a feeling many Chinese nationals are involved, if I had to guess.
It amazes me that foreigners would want to get Cambodia's citizenship.
why not? as long as you can keep your American passport too. having Cambodian passport would allow you to visit all the SE Asian countries w/o visa. if you want to retire there, you don't have to go to a third country if your visa is expiring.
some countries don't allow foreigners to own real estate so if they are planning to own a home, invest then having a Cambodian passport would be handy.
Australia actually has an agreement with Cambodia in an attempt to resettle some asylum seekers who are being held offshore and will not be allowed into Australia. But I think only a handful have taken up the offer.
Australia actually has an agreement with Cambodia in an attempt to resettle some asylum seekers who are being held offshore and will not be allowed into Australia. But I think only a handful have taken up the offer.
To me that seems totally entitled and spoiled to refuse to go to Cambodia just because you can't get into Australia. If you are being persecuted at home or fleeing a war, then people should be grateful for ANY safe country that takes them in. Cambodia these days is relatively peaceful and safe as far as I know. I would much rather live free in Cambodia than live in detention somewhere else.
Australia actually has an agreement with Cambodia in an attempt to resettle some asylum seekers who are being held offshore and will not be allowed into Australia. But I think only a handful have taken up the offer.
70, according to this video, and Journeyman did a documentary on a few of them:
I am not even interested in visiting Cambodia in near future.
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