Selling Citizenship as Investment

myp

Jan 2009

5,841

50

• Feb 12, 2012

• #1

Check out this interesting report on St. Kitts and Nevis and their experimentation with selling citizenship as a way to increase investment in the country.

For decades, the two-island nation of St. Kitts and Nevis exported sugarcane to keep its economy afloat. When sugar prices fell, St. Kitts began to sell an even sweeter commodity: its citizenship.

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http://www.reuters.com/article/2012/02/12/us-passport-idUSTRE81B05A20120212

 

DodgeFB

Mar 2009

2,751

6

Undisclosed

• Feb 12, 2012

• #2

I do think it is a bad idea. But I do understand it. I wish I could sell membership in my family or something. But no one would pay to become my cousin.

 

myp

Jan 2009

5,841

50

• Feb 12, 2012

• #3

DodgeFB said:

I wish I could sell membership in my family or something. But no one would pay to become my cousin.

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Actually there are people who would pay for that (people trying to get a US greencard) It's illegal of course.

 

DodgeFB

Mar 2009

2,751

6

Undisclosed

• Feb 12, 2012

• #4

myp said:

Actually there are people who would pay for that (people trying to get a US greencard) It's illegal of course.

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Of course it is! Everything I want to do is illegal, fattening, or a sin!

 

Kingdom

Jan 2012

136

0

• Feb 12, 2012

• #5

Well it's going on, on the internet today. Forgeries and selling US "green cards" to people who are naive and oblivious enough not to know it's not real.