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June 20, 2018

Selecting a Reputable Citizenship by Investment Company

Posted by:
Elevay Global

Recently there have been many articles on a number of specific Citizenship by Investment (CBI) scams. Unfortunately, these scams are becoming more and more common. While it may seem obvious that you are cautious when it comes to citizenship by investment, how do you know which information is correct? There are disreputable websites and schemes associated with almost every industry out there – from phoney financial advisors to knock-off Rolex watches. But that doesn’t mean that people should avoid wealth management and luxury timepieces. In light of the numerous benefits that a second citizenship can bring, how does one go about ensuring they work with a reputable Citizenship by Investment company?

Evaluating a Citizenship by Investment Company

Contacting the Company

While it may seem obvious, investors should be sure to avoid red flags when it comes to a company’s online presence. In the same way you should be wary of any website which lacks sufficient contact information. If it isn’t clear how to contact the company, this is a red flag.  Also, when you attempt to reach out to a specific company and cannot get through – for example, the line is disconnected – this is clearly a sign that the company should not be trusted.

Paying for Information

Secondly, an investor should not have to pay for program guides or basic information about program options right off the bat. Any reputable company will provide you with a summary of the programs they offer, or even display the basic investment information for each program on their website. For example, Elevay offers a variety of programs along with a detailed snapshot of each on their website. Elevay also consistently posts articles on industry updates and developments, demonstrating their level of knowledge and constant research and development. A disreputable company would lack this effort.

Pressure to Provide Personal or Financial Information

Investors should also avoid providing a Citizenship by Investment company with detailed personal or financial information before understanding who they are working with. Also, if at any point, you feel pressured to hand over information, that company is not for you.  A reputable company, such as Elevay, will match you with an experienced immigration consultant. They will work directly with you to understand your goals, only gathering the information required to provide you with the service. And at no point will we pressure or force you to hand over information. It should be noted that the application process is very detailed. When submitting your application, you will be required to share personal documents and financial information. It is very important that you find a citizenship by investment company that you trust before sharing this data.

Time in Business

When seeking a reputable CBI company, investors should also examine how long the company has been in business. This will help you to avoid any fly-by-night companies. It would be hard for a disreputable company to stay in business for very long. Elevay, for instance, has been in the industry for over fifteen years. This means the team has a track record of providing clients with citizenship and residency solutions. It also ensures that consultants are not only up-to-date on program requirements and amendments, but they also have the background knowledge required to offer top-notch service. An in-depth understanding of the industry on the part of each consultant will ensure that investors are connected with the program that best meets their unique needs.

Programs Offered

One should also examine the variety of programs offered by a company. While some CBI scam sites might create a simple website that focuses solely on a single program, others may offer a laundry list of programs, some of which may not even exist. A reputable company will have global partners and an array of programs on offer for interested investors. They should also be able to provide you with the legal basis for each program’s existence. Again, Elevay not only offers programs for investors interested in Caribbean CBI, they also have partners in Ireland, the United States, and the United Kingdom.

Official Representatives

And finally, many programs register official agents to market and represent their programs. Many of the Citizenship by Investment Units maintain a public list of approved agents on their website. For example, you can see the Grenada approved marketing agent list here. You should also ask to see certification that proves the company is allowed to market the program.

Citizenship by Investment Company

Unfortunately there are a number of people who will misrepresent themselves and try to scam unsuspecting investors. Be sure to do your due diligence and remember, if sounds too good to be true, it probably is.

Remember the old cliché, if it sounds too good to be true, then it probably is. Luckily, there are companies such as Elevay with a proven track record and an investment in integrity.

Speak to an Elevay Consultant Today

Reputable residency and citizenship planning companies are the best avenue for investors to explore their options. Elevay, a Dubai-based organization regularly works to connect investors with the program that best suits their needs. To get more information, be sure to request your free, no-obligation consultation today.