Firm to aid Kenyans invest abroad
SEE ALSO :When the city comes to your doorstep“Since the Kenyan Constitution provides for dual citizenship, a person can take advantage of this opportunity to acquire citizenship in a country like Cyprus,” said Ombo Malumbe, a partner at Ong’anya Ombo Advocates. “Currently, Cyprus is open to the European Union and that means a lot in terms of investment and market.” The country requires a minimum investment of €2 million (Sh229 million). On being asked if Kenyans can take advantage of such opportunities considering the statutory requirements are somewhat financially unfriendly, Mr Malumbe said: “If you remember when the demonetisation process was initiated, it was reported that 217 million pieces of Sh1,000 were not in the banking system. Considering 209 million pieces were exchanged it means that people have money and all they need is to expand their risk through diverse investment in foreign countries if the Kenyan market is not suitable to them,” he added
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