Trust Nationality | Union of Comoros Citizenship By Investmen

Union of Comoros Citizenship by Investment

The Comoros, officially the Union of the Comoros, is a sovereign archipelago island nation in the Indian Ocean located at the northern end of the Mozambique Channel off the eastern coast of Africa between northeastern Mozambique and northwestern Madagascar. Other countries near the Comoros are Tanzania to the northwest and the Seychelles to the northeast. Its capital is Moroni, on Grande Comore.

At 1,660 km2 (640 sq mi), the Comoros is the third-smallest African nation by area. The population, is estimated at 798,000. As a nation formed at a crossroads of many civilizations, the archipelago is noted for its diverse culture and history. The Union of the Comoros has three official languages – Comorian, Arabic and French.

Officially, in addition to many smaller islands, the country consists of the four major islands in the volcanic Comoros archipelago: northwesternmost Grande Comore (Ngazidja); Mohéli (Mwali); Anjouan (Nzwani); and southeasternmost Mayotte (Maore). Mayotte, however, has never been administered by an independent Comoros government and continues to be administered by France (currently as an overseas department).

The Comoros is the only state to be a member of the African Union, Francophonie, Organisation of Islamic Cooperation, Arab League (of which it is the southernmost state, being the only member of the Arab League which is entirely within the Southern Hemisphere) and the Indian Ocean Commission.

Benefits of Comoros Citizenship

The Comoros Economic Citizenship Program is a legal naturalization program established in 2001 in accordance with the Constitution. The Program is regulated by the Law On Economic Citizenship as of 27 November 2008 and has been guaranteed by the federal government since 2008. The relevant legislation has been recently amended to reflect a clearer focus on citizenship by investment.

The local public authority responsible for processing all applications under the Program is the National Independent Committee (NIC).According to the law, citizenship is granted solely by decree of the President of the Republic. The official confirmation that you were granted citizenship is the Certificate of Naturalization and passport of Comoros Union.

Once you have acquired the status of an economic citizen of the Comoros you cannot serve in the national army or in the judicial authorities of the Comoros. You will not be permitted to vote either. Benefits granted to economic citizens cannot be lower than those given to any foreign investor within the framework of the code of investments.

It takes approximately 45-80 days from the moment you submit a complete application until you get your Comorian citizenship and passport. However processing times may vary depending on each individual case and the government policy, nationality of applicant, his residency. Also the term may depends on the quality of documents and information completeness.

Information and Documents

Type of Program: Citizenship-by-Investment.

Type of Investment:

Donation to the Ministry of Finance, Economy, Budget, Investment in power supply and water treatment. Program under the Authority of the Ministry of Production, Environment, Energy, Industry and Handworkers.

Minimum Investment:

45,000.00 USD for main Applicant (over 18 year old, non-refundable).
20,000.00 USD for main Applicant’s Spouse.
20,000.00 USD for main Applicant’s each child between 18 and 23 year old.

(*) On top of the above amounts additional fees should be applying also as processing fees, legal fees, application fees etc. Please contact us for a Pro-Forma Quotation in this matter.

Dual Nationality Permitted: No restriction.

Personal Visit Required: No

Capital Gains Taxes: No

Personal Income Taxes: No

Business & Corporate Taxes: 10% of net profits.

Documents Required:

Application form
Ιdentity picture passport format (taken and printed to a professional standard within the last month)
Copy of passport and residency visa
National identity cards or secondary ID document
Birth certificate/record (original or certified true copy less than 3 months) – attested in home country (MANDATORY)
Marriage certificate and divorce certificate (original or certified true copy less than 3 months)
Police certificate(s) (less than 3 months for each country that you have resided for over 12 months in the past 10 years – for any applicant above 16 years old)
Family name and birth name of both parents
Residency address (tenancy contract or proof of ownership) & proof of residency (utility bill)
Reputed Bank reference letter, attesting the deposit of the total investment amount (MANDATORY)

Processing Time: 1 – 2 months.

Passport Validity: 5 years.

Restricted Countries: Iraq, Yemen, Somalia, Afghanistan, North Korea, Iran

Visa Free Travel: Approximately 45 countries.

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