Search results
Results from the WOW.Com Content Network
The 2008 Comoros Economic Citizenship bill that established the citizenship by investment program was originally marketed to the Comoran National Assembly by the perpetrators as an opportunity to draw inbound investment into the Comoros from wealthy Gulf investors, but after its passage was promoted to the governments of UAE and Kuwait as a ...
The State of Kuwait formally has an official Nationality Law which grants non-nationals a legal pathway to obtain citizenship. [1] However, access to citizenship in Kuwait is autocratically controlled by the Al Sabah ruling family, it is not subject to any external regulatory supervision.
Citizenship by investment programs enable the applicant to rapidly obtain citizenship with no required residence period, or only a short nominal period measured in days or weeks. These are often known as "golden passports" or "cash-for-passport" programs, offering visa-free travel and possible tax advantages.
The Comorian passport is issued to citizens of the Union of the Comoros for international travel. As of 1 January 2017, Comorian citizens had visa-free or visa on arrival access to 48 countries and territories, ranking the Comorian passport 88th in terms of travel freedom (tied with Algerian, Cambodian, Egyptian, Guinean and Laotian passports) according to the Henley visa restrictions index.
Citizenship-by-investment enables individuals to acquire an additional citizenship by making an exceptional economic contribution to another country. [5] This can be done by successfully completing a citizenship-by-investment program (also referred to as immigrant investor programs). Most of these programs are structured to ensure that the ...
Comoro Gulf Holdings (CGH), sometimes referred to as Comoros Gulf Holding or Comoro Gulf Holding, was an investment company, set up by Syrian businessmen Bachar Kiwan and Majd Suleiman and Kuwaiti businessmen Sheikh Sabah Jaber Mubarak Al-Sabah and Mohammed Abdulaziz Al-Otaibi, that had worked closely with former Comorian president Ahmed Abdallah Mohamed Sambi, and "monopolized investment and ...
Kuwait Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification , growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base.
The citizenship by investment program was presented as a bilateral solution to achieve the dual objectives of developing the infrastructure of the Comoros Islands and "solving" the stateless resident issue in the Arab states of the Persian Gulf.