At the economic level, these schemes can boost the economic condition of any country by utilizing the investment that has been done by the applicants, but these impacts are short-term as the impact on the tax regime and job creation are uncertain. Large investments related to CBI/ RBI schemes can boost the financial stability of any country, especially the small states. Additionally, CBI/ RBI schemes can also impact the real estate sector as this program will lead to an increase in demand and the prices of the property will rise heavily. At the social level, the rise in real estate prices makes housing access difficult especially for the local people. This also can lead to a lack of safety and security if there are no proper security and criminality checks. There are basically two categories of programs. One, Citizenship via investment which directly gives access to citizenship in exchange for a large amount of investment, and mostly there are no further requirements. This generally is mainly applicable to small states. Second, Residence via investment has higher requirements and a third-country national can get access to residency rights in exchange for investment along with other conditions like a mandatory physical presence, and a clean criminal record. After getting residency access, subsequent citizenship will be applicable through naturalization only. These schemes are very common in developed nations. Depending on the program, there are different requirements, and benefits for the applicant. Benefits like freedom of travel, the standard of living, social security benefits as well as taxes are generally received.
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