European Citizenship by Investment
Caribbean Citizenship by Investment
European Residency by Investment
Gaining a residential permit or the right of citizenship from multiple countries is becoming a trend for the wealthy business men and women due to personal or corporate reasons. A brand new identity named Global Citizen is on the rise, refers to one who benefits from a better quality of life and increased mobility. For many, flexibleness of choosing where to live, and raising the standard of living for their families in stability during times of political uncertainty is ever more attractive nowadays. Residency by investment and related Golden Visa programs are the first steps to be taken for being a Global Citizen. There are a whole host of reasons that individuals consider Residency by Investment or following citizenship programmes, as there are many requirements & benefits to consider.
Citizenship By Investment: The Basics
The process can be completed through via different channels of established investment, including real estate, government bonds, establishing a business, development funds, etc. Although investment options and minimum sum requirements vary from one program to the other, one thing is for sure: Citizenship by investment works quicker than traditional immigration process.
There are several crucial points to consider for getting the most out of your citizenship by investment. It’s incredibly important to clearly define and prioritize your goals. Some of the common motivations include mobility, finances, business opportunities, education, and lifestyle. It’s also important to determine how much capital you are willing and able to invest, whetheryou’re willing to reside in a different country, and the type of investment you’d like to make.
Economic citizenship is roughly the same as citizenship by investment in essence. It’s a way to get a second passport from another country by investing in its economy. This can be done through various investment options including real estate, government bonds, establishing a business, donations, etc. However, not all destinations can be favourable to this kind of investment. If you’re planning to be a Global Citizen, you should also consider international real estate markets, and residency by investment for the beginning.
Residency vs Citizenship
There are a number of significant differences between the terms “residency” and “citizenship. A citizen has rights that are not conferred on a resident. Citizens can expect they will hold their rights for life. In addition, citizenship status can be inherited by the next generations.
On the other hand, it is common for residents to have to renew their residency permits by continuing to satisfy the country’s legal requirements. These can include continuing to hold the initially-required sum of investment, proof of maintenance of good health, a clean criminal record, and meeting the minimum physical residency time. Residency status can be either temporary or permanent, depending on the laws of the respective country.
A High Net Worth Individual who is considering being a Global Citizen, or obtaining a so called “Golden Visa”, should be familiar with the differences between citizenship and residency, their requirements for qualification, and the laws of a country before selecting it as their destination of choice.
Residency by investment can be achieved when an applicant and their family members manage to satisfy certain conditions that vary by country and typically involve such points as:
-Having a certain net worth
-Investing essential sums in approved companies or institutions and holding those amounts as long as the immigration agenda requires
-Meeting good health and clean criminal background checks
-Passing culture and language tests
-Paying all legal, governmental and procedural fees
-Lastly, providing documentation to prove the required conditions are met
Still, there are no standards. Some countries, after a specific period, say 5 years, may require that immigrant investors only have to be in good health, hold no criminal record, and continue to show they will not become a burden on the state, instead of only having to maintain the investment.
Most countries that offer immigration through investment and special immigrant investor programs want to encourage entrepreneurs and high net worth individuals to choose their program, and thus offer the incentive of citizenship.
Concerning Golden Visa programs, in most cases, citizenship follows an approved period of residency. However, some countries don’t require residency in the first place and you can get your citizenship by investment in weeks. Of course, you have to consider direct investment to these kind of countries’ GNP for contributing their economic growth.
Permanent Residency vs Citizenship Benefits
As an aspiring Global Citizen, if you hold permanent residency by investment, you can:
-Get the usual social benefits that citizens receive, including health care support
-Live, study, work or do your own business anywhere in the country of residence, but not always seek employment
-Apply for citizenship under certain conditions
-Immediately travel, either visa-free or visa-on-arrival, to other countries. This is valuable to anyone who wants to, for example, travel throughout the Schengen Zone.
If you obtain citizenship by investment, then you’ll be able to:
-Reside in the new country of citizenship without any extra requirement
-Benefit from flexible tax laws, especially those on inheritance
-Can act as a jury member in criminal trials
-Apply for any job including government and high-security positions
-Transfer the right to your new-born children naturally
-Benefit from increased mobility and consular protection while you are abroad
-Perform your right to vote in elections and political opportunities
-Utilize social benefits
-Renew your Permanent Residence Card (PR) without any obligations, and you cannot be deported.
Citizenship by Investment Options
Real estate investment projects entail investing in commercial or residential property in your country of choice. The requirements can vary from total ownership of a property, fractional (shared) ownership in a major development or a lease for the required duration. In all real estate options, the initial investment must be maintained for a minimum period, generally ranging from three to five years. You can then sell your share after the required duration at the current market value.
Purchasing government bonds is a way to obtain permanent residency or citizenship without risking your corporate or personal funds. The respective country's government guarantees the bonds, and your full investment is returned without accruing interest. The minimum holding period is usually five years.
If you’d like to expand your enterprise by establishing your own business in a different country, depending on the selected agenda, securing a permanent residency or citizenship will enable you to easily trade within particular economic and geographic areas as a Global Citizen.
Non-refundable donation to a government-supported program requires a sizable
bestowal to an approved charity in the targeted country. It’s a philanthropic way to contribute to your new country’s socio-economic development while creating a positive image. The minimum sum of the endowment varies according to the number of applicants and delivers all the benefits of citizenship.