5 Bizarre Ways Small Countries Make Money

The legal basis for the Comoros Citizenship by Investment Program is the Economic Citizenship Act passed in 2008, based on Article 19 of the 2001 Constitution of the Union of the Comoros. Further amendments to the citizenship by investment scheme were made in 2013.The authority responsible for processing citizenship applications is the National Independent Committee. Citizenship is granted solely by decree of the President of the Republic.The Economic Citizenship Program (ECP) allows Comoros to offer citizenship to foreigners who reside in partner countries. The partner government selects the candidates following a background check conducted by the partner government. In exchange, Comoros receives a fee for each passport issued.Comoros passport program remained so popular, despite comoros having visa free access only 52 countries in the world. Many stateless people applied for comoros passport only for a new identification document, rather than international travel.