Citizenship by Investment is a rising trend among entrepreneurs and established investors. But is it worth it for everyone? Entrepreneur, David Podrog breaks down the concept:
David Podrog is an American entrepreneur whose venture, Quantum Free Zone, is based in Costa Rica. The real estate of his industrial park has afforded him a plethora of opportunities and profit potential. Having navigated the startup sphere in his home country, David knows the ins and outs of American business. In Costa Rica, the game is a bit different. By establishing a venture in a country outside of his own, this entrepreneur has introduced himself to potential he never envisioned back home. Now, this route is becoming more traveled by entrepreneurs across all fields. The concept is called citizenship by investment… but what is that anyway?
According to David Podrog, citizenship by investment can benefit real estate entrepreneurs! His own experience is clear proof of the idea.
Citizenship by investment is a process in which an individual can acquire citizenship by making an exceptional investment in a foreign country. Many countries offer citizenship by investment programs, such as Germany, Portugal, Ireland, St Kitts, Antigua & Barbuda, Vanuatu, Spain, the United States of America, Grenada and Cyprus — just to name a few.