Citizenship by Investment Options in Romania

1. What is the process of obtaining citizenship by investment in Romania?

The process of obtaining citizenship by investment in Romania involves the following steps:

1. Eligibility check: The first step is to ensure that you meet the eligibility criteria set by the Romanian government for citizenship by investment. These include having a clean criminal record, having a minimum net worth, and investing in a qualified investment option.

2. Choose an authorized agent: Foreign investors are required to work with an authorized agent who will assist them throughout the application process. It is important to choose a reputable and experienced agent to ensure a smooth and successful application.

3. Investment in a qualifying option: The next step is to make the required investment in a qualifying option defined by the Romanian government. This can include buying real estate or investing in government bonds.

4. Gather necessary documents: Applicants will need to provide various documents as part of their citizenship application, such as proof of identity, proof of source of funds, and investment documentation.

5. Submit application: Once all the necessary documents are gathered, they should be submitted to the National Authority for Citizenship (ANC) for review along with the application fee.

6. Background check: The ANC will conduct a thorough background check on the applicant and their family members included in the application.

7. Interview: In some cases, applicants may be required to attend an interview with ANC officials to further assess their eligibility for citizenship.

8. Approval and oath-taking: If the application is approved, the applicant will be invited to take an oath of allegiance before a public notary or other designated authorities.

9. Obtain documents: After taking the oath, applicants will receive their naturalization certificate and other necessary documents from ANC within 15 days.

10.Maintain citizenship status: After obtaining citizenship, it is important for individuals to maintain their residential status in Romania and comply with any requirements set by ANC to maintain their citizenship status over time.

2. What are the main benefits of obtaining citizenship through investment in Romania?

1. Visa-Free Travel: Romanian citizenship through investment grants individuals access to visa-free travel to 26 EU member states, as well as countries such as the United States, Canada, and Japan.

2. Business Opportunities: As an EU member state, Romania offers a favorable business climate with access to the single European market and a stable economic environment.

3. Education and Healthcare Benefits: Citizenship allows for access to high-quality education and affordable healthcare in Romania, both for the individual and their family members.

4. Political Stability: Romania has a stable political system that is based on democracy, providing citizens with protection of their rights and freedoms.

5. Residence in Europe: With citizenship, individuals can live permanently in Romania or any other EU country without any restrictions.

6. Tax Advantages: Romania offers favorable tax rates for businesses and individuals, allowing investors to maximize their profits.

7. Family Reunification: Obtaining citizenship allows for family reunification, meaning that family members can also obtain Romanian citizenship or residency permits.

8. Real Estate Investment Opportunities: Investors can purchase property in Romania at relatively low prices compared to other European countries, allowing them to diversify their investment portfolio.

9. Dual Citizenship Allowed: Romania allows for dual citizenship, enabling investors to retain their original nationality while enjoying all the benefits of Romanian citizenship.

10. Generational Transferability: Once obtained, Romanian citizenship is transferable to future generations without any additional requirements or fees.

3. How much is the minimum required investment for citizenship in Romania?

The minimum required investment for citizenship in Romania is 1,000,000 euros (or equivalent in other currencies) through direct investment or 500,000 euros through a joint venture. Additionally, there are other investment options available such as creating jobs or investing in research and development projects.

4. Are there any residency requirements for citizenship through investment in Romania?

Yes, the residency requirement for citizenship through investment in Romania is 2 years of continuous residency. This means that the applicant must physically reside in Romania for at least 183 days per year for a period of 2 years before they can apply for citizenship.

5. What types of investments are accepted for citizenship in Romania?

Investments in Romania that are accepted for citizenship include:

1. Real estate investments: This includes the purchase of residential, commercial, or agricultural property with a minimum value of €250,000.

2. Business investments: Investors can also acquire ownership or shares in a Romanian company and create at least 10 full-time jobs for Romanian citizens.

3. Government bonds: Purchasing government bonds with a minimum value of €500,000 and holding them for at least 5 years is another option for gaining citizenship.

4. Capital investment: Investors can also make a capital investment in a Romanian company of at least €500,000 and hold it for a minimum of 3 years.

5. Bank deposits: Depositing at least €1 million in a Romanian bank account and maintaining it for at least 5 years is another option for citizenship.

6. Investment funds: Investing at least €500,000 in an investment fund recognized by the Romanian authorities is also accepted for citizenship.

7. Research and development: Investors can contribute to research and development activities approved by the Ministry of Economy with a minimum amount of €500,000.

8. Philanthropic donations: Donations of at least €150,000 to cultural institutions or organizations that support disadvantaged individuals may also qualify for citizenship.

It should be noted that all investments must adhere to certain requirements and regulations set by the Romanian government in order to be eligible for citizenship.

6. Is dual citizenship allowed in Romania?

Yes, dual citizenship is allowed in Romania.

7. Are there any language or cultural requirements for obtaining citizenship through investment in Romania?

Yes, there are certain language and cultural requirements that must be met in order to obtain citizenship through investment in Romania. Applicants must have a basic knowledge of the Romanian language and demonstrate an understanding of Romanian culture, history, and society. This can be done by passing a basic language test and attending integration courses provided by the Romanian government. Additionally, applicants must also have a clean criminal record and be willing to renounce their current citizenship if it does not permit dual citizenship.

8. Do I need to have a job offer or business plan to qualify for citizenship by investment in Romania?

No, neither a job offer nor a business plan is required for citizenship by investment in Romania. However, investors must provide proof of their financial means and must make an investment in government bonds or companies to qualify for citizenship.

9. Can my family members also obtain citizenship through my investment in Romania?

Yes, your immediate family members (spouse and children under 18 years old) can apply for citizenship if you obtain Romanian citizenship through investment. They would need to fulfill the same eligibility requirements as you, including living in Romania for a period of at least 8 years.

10. What is the timeline for obtaining citizenship by investment in Romania?

The timeline for obtaining citizenship by investment in Romania varies, but it typically takes between 6-12 months. The specific timeline will depend on factors such as the investment program chosen and the processing speed of the government. It is important to work with a reliable immigration lawyer or agent to have an accurate understanding of the timeline and requirements for citizenship by investment in Romania.

11. Can I invest in any industry or sector for citizenship purposes in Romania?

There are no specific industries or sectors that must be invested in for citizenship purposes in Romania. However, the investment should be in a field that contributes to the country’s economy and development.

12. Is there a limit on the number of people granted citizenship by investment each year in Romania?

Yes, the Romanian government sets a limit on the number of people granted citizenship by investment each year. Currently, the limit is set to a maximum of 100 individuals per year.

13. What level of due diligence is conducted when applying for citizenship through investment in Romania?

The level of due diligence conducted when applying for citizenship through investment in Romania is quite extensive. The Romanian government has strict requirements and procedures in place to ensure the legitimacy of all applicants and their investments.

Firstly, the applicant must provide all necessary documents to prove their identity, nationality, and source of funds. This includes a valid passport, birth certificate, and any other relevant documentation.

Secondly, the source of funds used for the investment must be verified to ensure they are obtained through legal means. This may involve conducting thorough background checks on the applicant’s financial history and business activities.

Additionally, applicants are also subject to scrutiny by various government agencies such as the Ministry of Justice and the National Agency for Fiscal Administration. These agencies will review an applicant’s criminal record and tax history to determine if they meet the requirements for immigration.

Furthermore, applicants may also be required to attend interviews with immigration officials to further assess their eligibility for citizenship.

Overall, Romania takes citizenship through investment applications very seriously and conducts thorough due diligence to ensure that only qualified individuals are granted citizenship.

14. Are children born to citizens through investment automatically granted citizenship?

It depends on the specific country’s citizenship laws. In some countries, children born to citizens through investment may automatically be granted citizenship. In other countries, the child may need to go through a separate application process for citizenship. It is important to research each country’s individual laws and requirements for acquiring citizenship through investment.

15. Are there any restrictions on which countries can apply for citizenship by investment in Romania?

There are no restrictions on which countries can apply for citizenship by investment in Romania. However, applicants will need to meet all the eligibility requirements and go through the necessary application process.

16. Does receiving citizenship through investment grant me voting rights and access to government services?

Yes, receiving citizenship through investment typically grants you the right to vote and access government services in the country where you have received citizenship. However, this may vary depending on the specific requirements and laws of each country. It is important to research and understand the rights and responsibilities associated with citizenship by investment before proceeding with the process.

17. Is it possible to lose my newly acquired citizen status if I fail to maintain my initial investment?

Yes, it is possible to lose your newly acquired citizenship status if you fail to meet the requirements and obligations set forth by the country. For example, some countries have specific rules and regulations that require individuals to maintain their investment or residence in the country for a certain period of time in order to retain their citizenship. Failure to comply with these requirements could result in revocation of citizenship. Additionally, some countries perform periodic checks to ensure that citizens are meeting their investment and residency requirements. If it is found that an individual is not fulfilling these obligations, their citizenship status may be revoked. It is important to carefully review the requirements and conditions of acquiring citizenship in a particular country before making any investments or commitments.

18. Can I include dependents such as parents or siblings on my application for citizenship by investment in Romania?

No, Romanian citizenship by investment only applies to the applicant, their spouse, and children under the age of 18. Other family members such as parents or siblings cannot be included on the application.

19. Does holding another passport affect my eligibility for gaining full citizen status through investing in Romania?

No, holding another passport will not affect your eligibility for gaining full citizen status through investing in Romania. As long as you meet the requirements and criteria set by the Romanian government for obtaining citizenship through investment, your other nationality should not be a factor.

20. Are there any tax implications associated with gaining economic residency and/or full nationality through investing in Romania?

There may be tax implications depending on your individual tax situation and the type of investments made. It is recommended to consult with a tax professional for specific guidance on tax implications for your particular case.