The Citizenship by Investment Program implemented in Moldova is a program for obtaining additional funds into the state budget, being a very robust one, but being simultaneously protected against eventual risks. Besides being a very good method of bringing additional financing into the budget, it is also an instrument for attracting necessary and important investments for developing the infrastructure of the given countries, stated Paddy Blewer, Group Public Relations Director at Henley & Partners, which is the Moldovan Government’s partner in implementing the Citizenship by Investment Program.
In a news conference at IPN, Paddy Blewer said there is the experience of other states where some of the citizens weren’t sufficiently informed about the programs by which citizenship is granted for investments. But the population should know the advantages of such a mechanism and the measures aimed at minimizing risks that are implemented within the program. “Such developed countries as the U.S., the UK, Malta, Cyprus implemented successfully such programs. It is a very good method of obtaining additional financing for the state budget and of attracting necessary and important investments for developing the infrastructure of the given countries,” stated the representative of Henley & Partners.
Paddy Blewer noted that he has over 20 years of experience and brings the best practices and the highest standards for the management of such programs. “The essence of this program resides in the fact that a global investor that wants to invest in other countries invests in the Republic of Moldova and obtains the citizenship of the Republic of Moldova. The provision of citizenship is preceded by a rigorous verification system. All the data about the applicant for nationality are being verified. An injection of capital in the Republic of Moldova takes place later and the creation of a national fund is planned for the purpose, which could be used to develop infrastructure, for example,” said Paddy Blewer.
He added that Henley & Partners does not make recommendations concerning the use of this money. It is the Government that decides how to use these funds. However, in other countries there are successful practices when these investments were directed to strategic infrastructure, new enterprises that later, by paying taxes, generate additional revenues into the state budget.
