Christopher ZeniosThe program has been suspended due to “questions about the companies that are involved in this program”. These questions have arisen as a result of The Kleindienst Group who are selling the Heart of Europe development off the coast of Dubai promising eligibility to the Moldova citizenship by investment program for those who invest in the development.
The offer details that those who invest $1.36m into the heart of Europe project will be eligible for the citizenship program despite the process involving a multi-step due diligence procedure.
Post claim President Igor Dodon has stated his concern of the program following a meeting with Moldova’s Supreme Security Council. Dodon has been quoted as saying “There are questions about the companies that are involved in this program. Until we clear these up, we’re suspending the program”.
The suspicion was also confirmed from other sources “The government has informed the MCBI office that it wishes to review the program and the various companies involved as service providers,” adding “all applications that have been officially accepted by the program thus far will be fully processed to completion. There will, however, be a temporary cessation of processing new applications so that the government can complete its evaluation and optimization process,”
Citizenship by Investment schemes are becoming increasingly popular with the super-rich able to buy citizenship, some of these schemes face criticisms and concerns whereas others have aided countries in supporting economic growth.
