One cannot overstate the importance of obtaining a second passport and dual citizenship. People are becoming increasingly interested in the advantages of holding dual citizenship today. 

The globe is turning into a polygamous terrain, and dual citizenship is the key to protecting oneself from future uncertainties and becoming a global citizen. Due to the popularity of these citizenship options, the scam related to this is increasing drastically.

Applying through a business or someone who is not a registered agent may allow for false applications, which the authorities may eventually find. 

Always deal with a company with the qualifications to submit applications on your behalf, as doing so could cause your citizenship loss and investment loss.

Authorized Agent and Background checks

Fraudsters rely on you not doing your research before investing. Therefore, please do your research to fend them off. 

Requesting additional details or references is insufficient since con artists have no motivation to enlighten you.

Deal only with reputable businesses and officially authorized agents and advisors. For detailed costs and investment amounts, visit the CIU websites. 

There are just 11 official CBI schemes.

These are the citizenship units’ official websites. 

Please be aware that some independent consultants indirectly collaborate with these recognized businesses. These official websites provide access to all costs, contributions, and application stages.

Experience

They reflected the risk associated with each investment in the expected rate of return. You’ll most likely receive a modest return, even if your money is completely secure. Significant profits come with high risks, including the potential for an investment’s entire loss.

An experienced agent will tell you the pros and cons of your investment and will lay out the best possible plan according to your case and requirements. 

False advertisements or overselling are a sure-tell sign of an inexperienced agent. 

Confidentiality

It’s not uncommon for agents and agencies to disclose client information to gain more clients or market themselves; this is perhaps one of the most unethical things an agent can do. Confidentiality of your documents, investment amount, your history is crucial and should be held in the highest regard. 

One of the quickest ways to determine if your chosen agency upholds your confidentiality is to measure how they discuss things with you. If the agent discloses sensitive information of other clients to you, chances are they will do the same with your information, and this is a huge red flag and could potentially harm your SCBI application.  

Credibility

Never base your investing choices on suspicious emails, message board posts, or company press announcements. Instead, before investing, comprehend the nature of the business and the organization’s offerings and thoroughly check its credibility within the industry.

If you get an unsolicited pitch to invest in a firm or see it praised online but can’t locate up-to-date financial information about it from reliable sources, proceed with caution or if someone suggests making overseas or “off-shore” investments, be cautious. 

It is more challenging to determine what went wrong and locate money sent abroad if something goes wrong. The best way to check the credibility is to see if the agency has had any interactions with the government of the countries offering SCBI. 

Credible agencies have had their agents meet with governors from these countries, and you can find pictures of such meetings online. 

Promoting Different prices

Respective governments mention SCBI programs on their official websites, along with the processing fees and all associated prices. Often, investment prices are quoted on these websites, along with real estate projects approved by the said government. All this information is presented to avoid investment scams by fishy agencies, 

If an agent is quoting prices lower or significantly different than those mentioned on official websites, that is a huge red flag, and you should stay away from such agencies. Always double-check the quoted prices on the official websites to ensure you don’t fall for any scam. 

Conclusion: 

We at CTrustGlobal have been in the Citizenship-by-Investment business for over 29 years. We specialize in assisting investors, retirees, and families in obtaining their second passports and dual citizenship quickly and efficiently as authorized agents for the Caribbean CBI.