Suriname, the smallest sovereign state in South America, is seriously considering granting citizenship to foreigners who want to invest in the country. So, we may expect that Citizenship of Suriname by investments program will be developed here any time soon. The statement about implementing local CIP was part of the President’s speech, announced in Parliament late September this year. Republic of Suriname, natural-resource rich, upper-middle income country, is located on the northeastern Atlantic coast of South America and bordered by the Atlantic Ocean to the north, French Guiana to the east, Guyana to the west, and Brazil to the south.
The population of Suriname numbering just over half a million will not be able to achieve the desired development which is to work with country’s potential in agriculture, tourism, and mining, especially in gold, granite, oil, and gas. They have options but lack foreign investment and workforce. “ We hope that this discussion can be conducted in a businesslike and down-to-earth manner, underpinned by data and solid analytics, with the involvement of relevant stakeholders,” President of Suriname said. This initiative would take further development the relevant international regulations and the national legal framework.
So, while some countries in Europe put on hold or quite their existing citizenship by investment programs there may be something new to be opened in Central America in near future.
“Diversifying risks, both financially and citizenship, is one way for people to avoid the many challenges we face in today’s world”, says Nuri Katz, Founder and president of Apex Capital Partners.
