Timing renunciation, obtaining new citizenships, or setting up international banking can take much longer than expected, so planning well in advance is essential.
• Embassies worldwide may limit or delay renunciation appointments. Examples: some only accept residents, Chile has been open for some cases, Canada currently has waiting times up to 15 months. • Citizenship-by-investment programs can close or change unexpectedly, as seen in Russia and other jurisdictions. • Delays can occur due to global events, travel restrictions, or administrative backlog (e.g., COVID-related shutdowns). • Attempting to wait until the last moment to renounce or relocate may leave you exposed or unable to complete processes on time. • Proactive planning includes starting 1–2 years in advance: securing residencies, alternative citizenships, investment programs, or banking arrangements.
Takeaway: Begin international residency, citizenship, and banking plans early and maintain flexible “escape hatches” because processing times and program availability can change unpredictably.
