All About Citizenship By Investment
Bulgarian Investor Visa Requirements
Cyprus is at the crossroads of Europe, Africa, and Asia, and is one of the easiest countries in the l European Union to gain citizenship. The UK’s Innovator Category, Antigua and Barbuda, and St. Lucia’s CIP allow for joint applications by investors who want to have shared ownership of a business. Residents of many countries are immediately able to travel, either visa-free or visa-on-arrival to other countries.
The fast-track option allows investors to apply for citizenship faster by doubling their investment. The applicant must have at least one-year permanent residency status and make a further investment. Government Bond Portfolio or in the Capital of a Bulgarian company carrying out a priority Investment Project, the additional investment must be held for a period of 2 years. Citizenship by investment to Bulgaria, can be defined as, getting citizenship of Bulgaria through investment in economy of Bulgaria through various means like, business, real estate, government bonds, etc in Bulgaria. Residency by investment to Bulgaria, can be defined as, getting residency of Bulgaria through investment in economy of Bulgaria through various means like, business, real estate, government bonds, etc.
What Is Dual Citizenship?
Another benefit of being a citizen of this country is that one will not have to pay any income tax. In 2017, Vanuatu also became the first country to accept cryptocurrency payments. Montenegro opened a brand new special citizenship by investment program from Jan 1, 2018. Foreigners must invest EUR 250,000 in real estate and also donate to government EUR 100,000 in application fee. So in total Montenegro will require EUR 350,000 plus other fees and investors issued permanent residence within a month and citizenship within 6 months. During that period you are required to visit Bulgaria two times and the Bulgarian Consulate in your country.
Foreigners buying a property for €2 million euros can qualify for citizenship through investment in Cyprus. Saint Lucia’s Citizenship by Investment Program was launched in December 2015 following the passage of Act No. 14 of 2015, the Citizenship by Investment Act on 24th August 2015. Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act No. 14 of 2015.
We are one of the oldest, most established companies, processing residency applications for more than 20 years. If you wish to know how to remotely process your citizenship application while remaining at home in your country of resindence, please contact us. One of the biggest advantages offered by a second passport & dual citizenship is that you are not liable to pay income, capital gain, inheritance, gifts or wealth taxes. Our citizenship lawyers have extensive professional experience and solid training in the field of obtaining Bulgarian citizenship and passport. Bulgarian citizenship by marriage starts a process of getting Bulgarian citizenship by naturalization. There are other grounds on which an applicant can apply for Bulgarian citizenship by naturalization.
Its recent independence and strategic position have also influenced Montenegro to become central to some of the most critical industries in the world. There is a special exception from the physical residence required with legislation. Bulgaria offers a rich history and the perfect blend of nature, antiquity and metropolitan cities.
Bulgaria Halts Citizenship
Bulgaria offers the fastest and the cheapest way to obtain a European passport via residence and naturalization at this time, but it’s highly likely to change soon. It will take approximately 4-6 months to obtain residence by investment in Bulgaria. Essentially, anyone who isn’t already a citizen of the EEA and who is at least 18 years old can apply. There are a few other eligibility criteria, for example, you cannot be deemed a threat to national security and need to be of good financial standing (read, a high-net-worth individual). Well, the benefits of EU citizenship are certainly immense, but they come at a price.
If you are not born Bulgarian and you want to get Bulgarian passport, you will need to apply for naturalization. Naturalization is the process of giving Bulgarian citizenship to a person who doesn’t otherwise fulfill the requirements for being citizen at birth. The most common requirement is that the applicant turkish citizenship by investment needs to prove that he has been legal permanent resident in Bulgaria during the last 5 years. This is the core condition for naturalization, although there are also many other options. If you will be applying on basis of permanent residency, all documents for the last 5 years must be flawless.
Some Cyprus citizenship by investment participants are now reaching the end of the 5-year holding period and will be able to sell their property at a profit. In some cases, the Cyprus property appreciated in value so much the investor will make more money than they paid in fees . One of the newest citizenship through investment countries is Turkey. The Turkish Economic Citizenship Program was announced in January 2017, and has gotten off to a strong start. Until the scheme becomes more established, however, many investors will tend to shy away.
It is also very important to keep in mind that it is necessary for the applicant to be able to state details and provide documents of the origin of his funds accurately and clearly. Just a brief description such as “Personal Savings” is not enough to pass the preliminary inspection at the Investment Agency. Currently, the following investment opportunities are active, which provide permanent residence. We will introduce you to the most popular among those, which can give you the opportunity to obtain a permanent residence with minimal risk. The most significant recent change in the Citizenship by investment program is that there is no longer the possibility to invest in government bonds to obtain permanent residence/citizenship. Our immigration lawyers from Respect Consult have extensive experience guiding the process and providing quality and secure services to their clients for obtaining residence and citizenship.
Internationalise Your Business
The donation amount may vary based on the number of dependents included in the main applicant’s application. To qualify for citizenship as a single applicant, you will be required to make a government donation of $130,000, $150,000 for a family of 2, $165,000 for a family of 3, and $180,000 for a family of 4 members. Countries that have implemented specific immigration policy and laws as a means to encourage direct investment typically do so to attract high net worth individuals from across the globe. Individuals and their families are often interested in economic citizenship programs for several reasons. The Hungarian Residency Bond Program has been placed on moratorium by the nation’s Government.
The citizenship acquired under the Bulgaria Citizenship by Investment program is fully recognized by the Government of Bulgaria. The bond investments are returned to the investor on maturity in full but without any accrued interest. This is effectively an interest free loan to the Bulgarian government in return for residency in Bulgaria. Hungary offers residency through a €300,000 investment in government bonds. Investors can gain residency through investing €511,292 into Bulgarian government bonds. We will never try convincing the client to buy real estate properties or invest in a “non-interest bearing social bank account” for 5 years .
Seirbheisean Hr Ann Am Bulgaria
Bulgarian citizenship provides completely unrestricted residence and working rights within the European Union. It provides Bulgarian citizens with consular assistance from any EU embassy worldwide, EU healthcare access, university education in any EU country at preferential conditions, lowest taxes in EU, protection of your assets and much more. The option Turkish work permit to get golden visa through investment in real estate is still available. Investors and their family members can obtain a status of permanent resident in period of 6 to 9 months with all the advantages of a European Union permanent residence. Furthermore, for non EU nationals it is one of the fastest routes to Bulgarian and thus to EU citizenship.
In course, applicants can apply for Overseas Citizenship of India and get all related benefits. An experienced Business Immigration Consultant can help prepare the investment citizenship application considering that they have a good network and affiliations with the migrating country. Citizenship by investment is the supreme pathway of all immigration programs. The selected applicants will get direct Citizenship and Passport of the chosen country. Becoming a citizen gives far more benefits and freedom than permanent residents. Different countries have different investment requirements for citizenship with much more stringent processes.
Operating since 1984, being the oldest citizenship program, St Kitts is the most reliable. The effects of globalization have meant that people are moving out of their countries more than ever before. In this article, we would like to share with you why we think North Macedonia Citizenship is a perfect investment option for you and why you should buy it.
This procedure is explored by our law firm and our lawyers can help any foreign individual obtain their Bulgarian citizenship through the fast track path. The process of obtaining Bulgarian citizenship through investments in government bonds, in essence, is the usual procedure for buying securities. Unlike other countries’ government bonds that are offered to foreigners, Bulgaria’s state treasury bills have free circulation in the domestic securities market. That is, they do not contain any marks that were sold to foreigners, and can be implemented in almost any bank in the country at the market rate. Vanuatu Citizenship by Investment programme is the fastest and most straightforward second citizenship program available on the market. Your second passport can be yours in as little as 6 weeks and you don’t need to travel or reside in the country to get it.
AAA Associates is a UAE-based immigration services company that specializes in the most in-demand areas of immigration and Citizenship by investment field. We will assist the client to open bank or brokerage account in Bulgaria or elsewhere. The applicant can also use his existing account in his own country in order to make the investment. Before making the investment, we will obtain preliminary ruling from the Bulgarian investment agency for the suitability of the investment chosen. On March 12th 2021, the Bulgarian citizenship law and the law for the foreigners were amended and published in the 21st edition of the Bulgarian State Gazette. This gave birth to the new and revamped Bulgarian Citizenship by Investment Program .