Citizenship By Investment ProgramsVitaly Sokolov2022-08-15T14:08:31-04:00
What is citizenship by investment?
Citizenship by investment is a unique program that enables you to get a passport and citizenship of a given country if you make an investment in this country’s economy. Citizenship by investment has become especially popular among wealthy individuals in the past several years and continues gaining popularity and attracting new investors.
Portugal has recently started a Golden Visa program which allows investors to obtain permanent residence and citizenship status within 5 years.
Why do you need citizenship by investment?
In contrast to traditional immigration processes, obtaining a second citizenship and a passport is much easier and quicker through citizenship-by-investment programs. You don’t have to put your lives on hold or make other disruptions in your schedule. If you have a high income, this “economic” citizenship may offer boundless opportunities to you.
There are plenty of reasons to invest in a second passport, ranging from visa-free travel to personal safety.
Citizenship status automatically qualifies you as a domestic student, thereby offering you access to local world-class colleges and universities at a much smaller tuition fee.
Second citizenship programs allow members of the principal applicant’s family to become citizens of the new country too. It is a great opportunity to improve the lifestyle of your family members, by giving them access to better quality health care, schools and secure communities.
Passports of the countries that offer economic citizenship programs enable your visa-free travel to many countries of the world, including those of the Schengen Area. For example, Afghani citizens have visa-free access to 20 countries and territories in the world, while the Maltese passport exempts you from the necessity to get a visa for travel to as many as 167 countries!
Safety and security
Since the beginning of the twenty-first century, many countries of the world have experienced political turmoil and unrest, oftentimes accompanied by military action and property seizure. Second citizenship can offer you a “safe haven”, where you can be sure that nothing endangers your life and the life of your family.
By obtaining your citizenship through investment, you not only get a second passport, but you also become an owner of a business/property. This opens new business opportunities for you, which you can easily explore by capitalizing on your extended travel freedom.
Many countries that propose economic citizenship offer more favourable tax rates, which provides room for tax optimization. In many countries, you have to pay tax only for the income earned in that country, with no taxes on global income.
Antigua and Barbuda, Cyprus, Dominica, Grenada, Malta, St. Kitts and Nevis, and Portugal allow dual citizenship. There is no need to renounce your first passport and citizenship.
What’s in it for the countries?
The countries that offer citizenship by investment aspire to attract investments in their economies. For example, you may invest in real estate, land development and infrastructure projects in Cyprus, resort development in Grenada, or invest in the Sugar Industry Diversification Foundation in St. Kitts and Nevis.
You may learn more information about investment options, visa-free access and specific advantages and qualifications under the section for each country below.
These countries also offer you an opportunity to invest in land, real estate, property, resort villas and condominiums.
Antigua & Barbuda
St. Kitts & Nevis
We Can Help With Citizenship By Investment
At Jane Katkova & Associates, we can help you with citizenship by investment. Choosing the right program is a critically important step in making a decision. We will be by your side through the complex process of making a choice on the country of your new citizenship, will guide and assist you through the process from beginning to the end to ensure its successful completion. The whole process usually takes 3-4 months to complete.
We will treat your case individually, and we will guide you every step of the way. We have huge experience and expertise in Citizenship by Investment programs. We will be happy to offer our skills and knowledge to make sure you get your second passport easily and quickly.
Think About Tomorrow – Invest In A Second Passport
Many countries worldwide offer programs that allow applicants to obtain residency or citizenship by investing in their country. There are numerous investment options, such as buying real estate, investing in government bonds, or donating to a specific fund. The investment requirements and fees associated with the investment vary depending on the chosen program/country.
Second citizenship has many benefits. One can access a safe and booming economy, preferred tax rates, business opportunities, exposure to global markets, visa-free travel to all parts of the world to you and your family members. Better quality of life, excellent, low-cost healthcare, and first-class education opportunities for your children
Every country has its specific requirements an applicant must fulfill to apply for citizenship or residency by investment programs. Some of the general recurring conditions are being over 18 years of age, having a clean criminal record, a legal source of funds, and investing in one of the government-approved options.
Depending on the country and citizenship program, it may take 4 to 10 years to obtain a second passport. In the Caribbean, citizenship can be obtained in as little as four months. In Cyprus and Malta, it takes around six months. In Portugal, inventors can get citizenship in five years, and in Spain, it takes about 10 years.
Every program has different dependents’ eligibility criteria; however, a spouse and underage children, biological or adopted, are usually included in the applications. Most programs allow for the inclusion of dependent children 18 and older and dependent parents and grandparents, as long as they fit the specific program’s requirements.
Citizenship by investment programs does not require the investor to live in the country to obtain citizenship. However, some citizenship programs require a short physical visit to grant you a passport. Residency programs could require some physical visits to keep the residency.
Generally, Citizenship by Investment programs does not require the investor to learn the language. On the other hand, Residency programs may require the applicant to meet minimum language criteria and pass a language test when applying for citizenship. Language requirements vary from country to country.
When choosing a program, there are several criteria to consider:
How quickly do you need a second passport? Citizenship by investment programs usually grants you a second passport in a reasonably short period.
Do you wish to move to another country or benefit from a second passport for travel or business/taxation reasons?
What is your family composition and dependents’ ages? Some countries set a cut-off age for dependents, which may be costly for older dependents as they will need to apply for citizenship as independent, single applicants.
Not all nationalities are eligible for all citizenship by investment programs. Some countries ban certain nationalities from applying, while others allow them; in most cases, there is always a plausible solution even to the most complex situation. Residency programs are also an alternative; even though it is a much longer process, they will grant you the right to reside in the chosen country and enjoy the benefits of being a resident. Once you fulfill the residency requirements, you may be eligible to apply for citizenship.
The costs of applying for a second passport depend on several factors; country, program, family composition, an investment option in a given program, such as donation or real estate investment, etc. Generally, certain countries in the Caribbean islands offer more economical citizenship by investment programs starting at USD 100,000 for a single applicant.
Contact us today for more information and a free consultation