Blockchain Press Releases
Savory and Partners: Remote Application Process for Citizenship by Investment, a Popular Choice
DUBAI, UAE, June 24, 2023 /PRNewswire/ — When the world moved to a new dimension of remote working, various industries adopted their way of life to align with the technology-based, remote working environment. Governments too, redesigned their methods of operation to accommodate the new age of globalisation, and investment migration is no exception to this rule.
The thought of obtaining a second citizenship through a remote application may have seemed outlandish a decade ago, but it is a very real and feasible process today. Various countries throughout the world offer remote routes to obtaining a status within the country without the need of physically being there, and this evolution has been expedited by the pandemic.
What is a Remote Application Process (RAP)
The remote application process for citizenship and residency and other immigration-related matters is a new development to reduce the need for in-person interactions. The process involves the use of technology such as online forms or video conferencing to allow applicants to complete the necessary paperwork and communicate with government officials.
How it Works
The remote application process for citizenship and residency typically involves the following steps:
- Online Application: Applicants begin the process by completing an online application form and submitting it electronically.
- Document Submission: Applicants are then required to submit supporting documents, such as birth certificates, passports, and criminal records, electronically as well.
- Background Check: Governments conduct background checks on applicants to ensure that they meet the criteria for citizenship or residency.
- Interview: In some cases, governments may conduct an interview with the applicant via video or phone to gather additional information or verify their identity.
- Final Approval: Once the application process is complete, the government will either approve or deny the applicant’s request for citizenship or residency.
Before the pandemic
An important thing to note is that various countries had remote Citizenship by Investment processes in place before the pandemic made it a necessity.
The Caribbean Five, a coalition of citizenship by investment (CBI) programs in the Caribbean sea consisting of Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, and St. Lucia, already allowed applicants to submit their applications remotely.
An applicant could receive their new citizenship certificates and passports while never leaving their home country through a licensed international agent.
When St. Kitts & Nevis and Dominica first launched their CBI programs back in 1984 and 1993, respectively, the application process and delivery of the passports were conducted through the mail. Now software systems are set in place, while physical documents remain delivered by courier.
Programs, such as Malta’s CBI programs, or Greece’s RBI program, required applicants to personally submit their applications within the country itself, meaning travel was required.
During the pandemic
As COVID brought everything to a screeching halt, governments scrambled to reorganise their processes in order to adapt to the new landscape.
The Caribbean five, already masters in remote processing, had little to do as they continued processing files remotely. Nevertheless, they did innovate to make things easier. St. Lucia, for example, launched an online payment portal to ensure applicants who could not reach banks during the pandemic had a secure way of transferring their funds.
Antigua & Barbuda, the only country that required successful candidates to visit the nation for five days within the five years after obtaining citizenship, suspended that requirement, making it much simpler for those wanting to maintain their citizenship but unable to travel.
After the pandemic
As things cooled down and travel corridors reopened, most investment migration programs decided to maintain their remote application processes to make it easier for applicants who did not have the time, ability, or will to travel to submit their applications.
While there remains a large set of moving parts in the process of investment migration (consultancy firms, government agents, banks, due diligence agencies, etc.), the entire process has become more streamlined than ever, making it simple for anyone to obtain their second passport from the comfort of their own home.
Countries that have Adopted Remote Application Process for Citizenship and Residency
United States
Canada
United Kingdom
Australia
New Zealand
Germany
Austria
Portugal
Spain
Italy
Malta
Cyprus
Greece
Turkey
United Arab Emirates
Singapore
Hong Kong
Panama
Costa Rica
Dominican Republic
Bahamas
Barbados
Antigua and Barbuda
St. Lucia
St. Kitts and Nevis
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered with coverage in over 20 jurisdictions including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. To date it has processed second passports for over 4,000 citizens with a 100 percent success rate. For more information visit www.savoryandpartners.com.
For more information, please send an email to [email protected]. You can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.
Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:
- Merchants: Merchants may post advertisements on Bybit P2P for free.
- Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.
P2P Fee Structure (Africa)
|
Taker Fee (Sell Page) |
Maker Fee (Sell Page) |
|
|
Bybit |
0 % |
0 % |
|
Competitor B |
0.5% on completed orders for certain trading pairs |
0 % |
In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.
“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.
P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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TAIPEI, Nov. 21, 2024 /PRNewswire/ — KryptoGO, a leading Web3 infrastructure provider, offers an innovative wallet solution to help businesses offer secure and stable crypto payment services without the need for costly in-house development. With its Wallet as a Service (WaaS), KryptoGO enables enterprises to quickly integrate efficient and cost-effective crypto payment solutions while focusing on their business operations.
Why Choose KryptoGO’s Wallet Solution?
Developing a secure, multi-chain crypto wallet from scratch presents significant challenges, including extensive security measures, maintaining fast and reliable transaction speeds, and controlling development and operational costs. A recent PwC global CEO survey highlighted that security concerns, regulatory issues, and operational complexities are key barriers for businesses adopting digital asset solutions. Additionally, Coinbase’s report states that 87% of Fortune 500 executives cited a lack of clear regulations as a significant obstacle in their digital asset investments. KryptoGO’s WaaS addresses these issues by providing a white-label wallet service that businesses can easily integrate, ensuring strong performance and compliance.
Competitive Advantage: Speed and Cost Control
KryptoGO has optimized transaction speeds and minimized costs through extensive benchmarking and performance evaluations. On the TRON blockchain, KryptoGO delivers transaction notifications within 1.2 seconds and reduces transaction fees by at least 20% compared to other wallets. These advantages stem from the team’s expertise in blockchain development and data index optimization, ensuring faster, more efficient, and dependable transactions.
Success Story: Ocean Wallet
One of KryptoGO’s notable successes in customizable, white-label wallet solutions is Ocean Wallet. In less than two months, Ocean Wallet was able to launch a fully functional, competitive crypto wallet app without needing to hire any developer. With KryptoGO’s flexible solution, Ocean Wallet was able to tailor its features to meet the specific needs of its target audience—stablecoins payments in the TRON ecosystem. By leveraging KryptoGO’s expertise, Ocean Wallet was able to deliver a seamless wallet experience with the ideal functionality to support its unique business model, achieving fast market entry and providing seamless crypto payment solutions at the lowest possible cost.
Building the Future of Crypto Payments
For businesses looking to enter Web3 quickly and efficiently, a customizable wallet solution is the key. KryptoGO’s Wallet as a Service enables corporates to adopt crypto with minimal development resources. If you’re also interested in how KryptoGO can support your Web3 business needs, please contact us or visit www.kryptogo.com.
Media Contact: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/kryptogo-empowering-enterprises-with-ready-to-deploy-wallet-technology-302312926.html
Blockchain Press Releases
KuCoin Partners with Dubai Sports Council for the Open Padel Cup for Government Institutions
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — KuCoin, a leading global crypto exchange, in collaboration with the Dubai Sports Council, has announced the Open Padel Cup for Government Institutions as the Title Sponsor during a press conference held on November 19th, 2024. Scheduled from December 13 to 15, the Open Padel Cup Championship invites all government institutions across the UAE to participate. To promote amateur participation, professional players registered with clubs or the UAE Padel Association are not eligible, ensuring over 300 Emirati amateurs can take part in this competition.
Padel has been gaining traction in Dubai as a fun and engaging way to promote a healthy lifestyle and enrich the local sports culture. The Dubai Sports Council has recently spearheaded the Padel Cup Tournament initiative, partnering with KuCoin for the event, which is organized by Royal Griffin Event and hosted at JUST PADEL facilities.
As the title sponsor, KuCoin has expressed strong confidence in the economic prospects of the Middle East, particularly the UAE and Dubai, especially regarding the immense potential of the cryptocurrency market. Over the past few years, KuCoin has established many meaningful partnerships in Dubai’s vibrant city and has been actively involved in various local activities. Last year, KuCoin sponsored the COP28 Global Climate Change and Green Blockchain Summit and hosted the “KuCoin Green Future Charity Gala Dinner,” supporting various charitable causes.
At the press conference, Harry Chan, the representative from KuCoin highlighted the synergy between sports and blockchain technology, noting that both fields emphasize collaboration and innovation. Padel is a sport that requires high levels of teamwork and strategic thinking, aligns with the decentralized cooperation and innovative spirit of blockchain technology. “We believe that through activities like the Open Padel Cup for Government Institutions, we can better communicate the core values of blockchain technology to the public and inspire more innovative ideas,” said the KuCoin representative, and “help bring in and connect global responsible companies and talents”. This event marks the latest in a series of collaborations by KuCoin in Dubai, underscoring its long-term commitment to the Dubai market.
Fawzia Faridoun, Director of the Community Sports Department at the Dubai Sports Council expressed pleasure in partnering with KuCoin to promote the city’s sports culture and healthy lifestyle, looking forward to deeper cooperation in the future.
About KuCoin
Launched in September 2017, KuCoin is a leading crypto exchange and financial technology platform with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement, KuCoin offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 37 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of November 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-partners-with-dubai-sports-council-for-the-open-padel-cup-for-government-institutions-302312586.html
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