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Residency, Passport & Citizenship By Investment


Residency, Passport & Citizenship By Investment


Making The Life Of The Global Citizen Easier And Safer

Benefits Of European Country Citizenship By Investment

The investor and their family become Portugal residents obtaining residence permits in as little as 2 to 6 months. A foreigner applying for a residence by investment permit does not need to prove that they have knowledge of the Portuguese language whereas an applicant going through the usual path must prove it. However, further on a holder of a residence by investment permit applying for citizenship will have to take a language test, though the required proficiency level is A2 that might be described as basic. Holders of a Czech permanent residence permit and whose naturalization would prove to be significant for the Czech Republic in terms of science, education, culture, sports, or other reasons that are in the interests of the Czech Republic. All the applicant has to prove for this route is a clean criminal record and a letter from a state institution stating why they should be awarded Czech citizenship. The ID card issued by Portugal allows you to travel all 26 schengen countries including Switzerland and maximum stays of 90 days in 180 day period allowed in combined in all EU member states.

Antigua and Barbuda requiresUSD 100,000 or USD 200,000 to become a Citizen under the CBI program. There are no residence requirements when you apply for passport for the first time but when you renew your passport after expiry, you must have visited Antigua for 5 days in the previous 5 year period. There is also no requirement to visit the country for receiving citizenship or passport initially. Non-EU nationals who are tempted by Latvia have to buy a property worth $327,000 (£246k) or more to quality for the country’s golden visa program. The residency permit is valid for five years and holders become eligible for citizenship if they live in Latvia for longer than 10 years.

Primary Benefits Of Becoming A European Citizen

With Portugal Investors Program, golden visa bringing a lot of Real Estate Investors into the country, the effect is awaking other investors non related to visa deal to come back to Portugal for Real Estate Investments. With Financial crisis still in place, Banks are unable to lend money for developers com back to their jobs and start building new properties, leaving the market without enough supply for the amount of demand that is arriving every day. It is very important that in case you decide to try entering UK with Portugal Residence Permit Card that you state that you are living in Portugal, otherwise your entry will be refused. Obtaining a second citizenship-through-investment has become a quick process, allowing you to obtain your second citizenship within 2-3 months without any requirement to reside in the country. For a family of four the investment cost starts at Euro 250,000, which is typically applied to a property, and applications take between two and six months to process. The passport has the same rights as the country’s citizens without any residence requirements.

  • These bonds don’t pay any interest and are expensive – $500,000 for a family of four (and $567,000 in all-in costs).
  • Additionally, to qualify for citizenship after 5 years, applicants need only spend an average of seven days per year in Portugal.
  • The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
  • Once you’ve met the requirements, you will need to maintain residency in Malta for 12 or 36 months before you can qualify for a passport, depending on your donation amount.

An unmarried sister or brother who is under 18 can also be included in your application. Citizenship-by investment programs attract a number of high net worth individuals in developing nations, looking to add a second passport in their investment portfolio. A second passport provides a greater mobility along with visa free travel freedom. The CBI passport market has turned into a $5 billion industry annually.

Programs For Investors And Their Families

There’s been a big uptick in second passport applications since COVID-19 hit. It ensures that, no matter what, you always have a place to go- to live,work, do business, retire, and in some cases, even seek refuge. Having a second passport is something we call the ultimate insurance policy. We mention gorgeous locations because some of the most well-known countries offering instant citizenship are in the Caribbean region. But others are good for visa-free travel to over 150 countries and include nearly all of the developed nations, ranking these among the highest quality passports in the world. It’s more accurate to refer to many of these programs as granting “citizenship by donation.” In other cases, however, you can get some or most of your money back… and potentially even generate an investment return.

portugal citizenship by investment

Although Greenland withdrew from the European Communities in 1985, the autonomous territory within the Kingdom of Denmark remains associated with the European Union. In the EU, Greenland is one of the overseas countries and territories with associated OCT-status. The relationship with the EU means that all citizens of the Realm of Denmark residing in Greenland are EU citizens. Turkish citizenship 250.000 USD This contrasts with Danish citizens living in the Faroe Islands who are excluded from EU citizenship. The ECJ’s case law on citizenship has been criticised for subjecting an increasing number of national rules to the proportionality assessment. “The introduction of a European form of citizenship with precisely defined rights and duties was considered as long ago as the 1960s”.

Eligibility For Portugal Residency Programme

The administration fee is €1,000 (£860) for each applicant, excluding taxes, and there is an ongoing five-year due diligence monitoring process. Most Maltese residency cards are issued in as little as three weeks, with citizenship granted after one to three years. It is therefore strongly advised to ensure the application is completed thoroughly, with full supporting documents. Those inspections include detailed background reporting and appraisals of income sources used to finance the investments made.

There are about 15 countries in Europe offering residency or citizenship to foreign investors against a qualifying investment. It is a predominantly English speaking country located in the south of Europe with excellent business prospects and a pleasant climate. Malta is one of the most innovative countries in Europe with a friendly tax environment. While it offers residence as well, the main attraction is its Citizenship by Investment program. Applicants for citizenship are required to reside physically in the country for at least 12 months.

Persons for whom French is their mother tongue or who have been enrolled for 5 years in a French-language institution in a country where the official language or one of the official languages is French. However, Estonian citizens by descent cannot be deprived of their Estonian citizenship, and are de facto allowed to have multiple citizenship. Persons who have at least one parent with Czech citizenship (at the time of the person’s birth). Whether a person is born in the Czech Republic or elsewhere is irrelevant. British overseas territories citizens who derived their citizenship by a connection to Gibraltar.

portugal citizenship by investment

As one of the pioneers in the investment immigration space in India, we have a deep understanding of the requirements of Indian investors and the experience to guide them through specific India related issues. European Passport We offer you the most efficient route to obtain European Citizenship for your entire family in 6 to 12 months through Malta & Cyprus Investor Programs. Enjoy the freedom to be a European Union Citizen and choose any of the 26 countries to be your future home. Caribbean Passport Secondpass Global offers the full range of all 5 Caribbean Country Passport.

Smart Citizenship

You can calculate donation, real estate, application fee, due diligence costs etc. Over 90% of foreign investors who seek alternative passport, prefer donation route and less time consuming compared to paperwork involved with real estate purchase. During this period, you’ll have the option to apply for the two-year residence permit, although it’s not required .

portugal citizenship by investment

Investors enjoy the freedom of movement, settlement, and employment bestowed by the investment country or region with the benefits that would be granted to a resident or citizen of that country. Several factors go into the decision between seeking out residency program options or a complete move for citizenship. Investor programs range from requiring real estate investments, transfer of investment funds and donations, or business endeavors within countries that offer permanent residency or Citizenship by Investment programs. The Bulgarian Citizenship By Investment Programme was created to promote foreign investments by giving special considerations to investors from non-EEA countries. In return for their financial efforts, investors are offered the chance to secure a permanent residence permit, and can also appeal for Bulgarian citizenship by investment and passport using the Fast-Track Citizenship.

Wise Visa 慧侨

We have a team of immigration lawyers specialized in obtaining Portuguese citizenship matters who can assist interested individuals throughout this entire process. For all investments to qualify for the Golden Visa programme, the full sum of investment funds need to first enter a Portuguese bank account, set up in the name of the main applicant. An applicant may apply for permanent residency after the completion of five years of temporary residency. Permanent residency has a separate set of requirements, which currently includes demonstrating an elementary level of Portuguese in the form of a diploma or certificate issued by a recognised institution. The most popular investment option since 2012 is the €500,000 real estate option (86%), but investment funds are the new trend since 2019. A key aspect of applying for Portuguese permanent residency and citizenship is proving your knowledge of the language.

It offers a plethora of citizenship solutions for investors, frequent travelers, corporate professionals and all successful people in search of better opportunities and safety. In a post-Covid world, Ms. Everett-Allen expects that many countries will want to prolong these programs to bring in capital after a massive economic downturn. Like in the years after the 2008 financial crisis, there’s been a significant uptick in interest related to investment migration, Mr. Blewer said. And these are not people who plan to immigrate from their home country and never come back. A typical investor might be someone who wants to freely travel throughout the E. Or the U.S. without acquiring multiple visas—either for business or leisure—and bring his extended family along.

Turkey offers a fast route to acquiring a second passport within 2 months, through property investments from $250,000. The program features a straightforward application process without any obligation to declare the investor’s assets or income generated in other countries, and without their physical presence being required. Whether it is purchasing property as an alternative residence, or as a solid investment with high ROI potential, there are a wide range of modern apartments and luxury seafront villas, all at highly competitive prices. Investors can benefit from rental income and may re-sell after 3 years.

portugal citizenship by investment

In this situation, no EU citizen would involuntarily lose their citizenship due to their nation’s withdrawal from the EU. Three-years of residency out of the most recent five-year period is required. No (if a naturalised Croatian citizen, unless applying by ‘privileged naturalisation’ (e.g. descendants of Croatian emigrants)Citizens with multiple citizenships are treated as exclusively Croatian citizens by law. In 2002, with the passing of the British Overseas Territories Act 2002, EU citizenship was extended to almost all British overseas territories citizens when they were automatically granted full British citizenship . This had effectively granted them full EU citizenship rights, including free movement rights, although only residents of Gibraltar had the right to vote in European Parliament elections.

portugal citizenship by investment

Investors must deposit the difference between the property purchase price and the minimum rehabilitation investment. While the application for citizenship may take a while, once granted the application for a Portuguese passport generally only takes about six working days. Only time spent in Portugal after getting your first residency card counts. Therefore, the first biometrics visit is not included in the 14 days you need to spend in Portugal during the first 2 years.

portugal citizenship by investment

If your income is from Portugal, you will be subject to lower tax rates as an expat. DTA aims to prevent people from paying taxes on the same income in two countries. Furthermore, after five years, you will gain the right to visa-free travel to 188 countries when you obtain your citizenship and Portuguese passport. There are eight residency investments options, all of which must be kept for a minimum of five years. Full-time residents have access to all public services, including healthcare and education, although medical insurance is required. There are also additional fees such as due diligence fees, notary fees, background check, advisor and lawyer fee.

portugal citizenship by investment

You can also do a combination of the above options as long as they amount to EUR 2 million, of which EUR 500,000 can be in government bonds. By investing in the EB-5 visa, you and your family will gain access to the US medical facilities at the same cost as a US citizen. Which country will give you a second passport while spending barely any time there. If you’ve got parents, grandparents (and in some cases great-grandparents) from Italy, Ireland, Hungary or several other countries, you might already qualify for citizenship. That means you could get your second passport quickly, cheaply and hassle-free. If you’re looking for an EU passport, then Portugal is by far the easiest option for most people.

There are tax-free incentives on certain categories for a period of up to 10 years. Portugal is an ideal destination for businesses looking to set up EU operations due to its stable political and economic climate. The country’s prime real estate market is also luring investors who are seeking out properties that they can purchase with the intention of renting them or selling them at a later date. Our client immediately determined the budget for obtaining an EU passport. And we have proposed the most suitable option – registration of a residence permit of Portugal.

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