In: Operations Management
List and give a brief description of the components of a strategic plan for a Citizenship by Investment Program.
The business or job skills of an individual may be needed by a particular market. The nations like those in Africa, Australia, the US, and Canada. This is a way to get dual citizenship which entitles a person to be on dual passports for a visa-free journey between two nations. The time of citizenship is regulated in some cases while others give the people limited duration citizenship for touring or business as in the case of the US, Canada, or Africa. This is the citizenship given to the high-value individual to draw investments to the nation from foreign nations and investors. Thus dual citizenship and citizenship by investment projects as the best method to bring in mobility and investment opportunity from other nations or individuals. The aspects that this provision gives are:
· The high-value individuals get the rights to be the citizen of another market which they choose to be in for a period of life as desired,
· Dual citizenship can be obtained by the individual if the home nation allows second citizenship for the individual.
· The investment flow is guaranteed by any economy with such policy,
· New opportunity for the society in the host nation makes such possible with this program.
· The plan to get the investments, skills and utility of a big or high-value individual brings in a lot for the society at large in the new nation.
· The aspect of security and the component of the criminal records are considered in such a case to make sure only the good people are brought as citizens in their society for the best of investment gains for the host nation.