Comparison Of The Caribbean Citizenship By Investment Programs 2021
Hungarian Real Estate Residency Program
At the same time, to get a Montenegro passport for investments you do not need to know the language or history of the state, and there are also no obligations to live in the country. Many countries allow dual citizenship unconditionally, while others allow it only in exceptional cases. The following is a comprehensive guide of countries that allow dual citizenship. Often, countries will permit non-resident individuals to obtain citizenship if their parents were born in that country.
I know there’s a residency program that can happen in Angola and, you know, Barbados jumped on also last year, the pandemic, the digital nomad visa, almost you can call it. So, there’s definitely an appreciation of, of what the program can offer the country regionally. But again, some of these countries politically are not able resident permit turkey to do it in that there still, you know, departments of maybe France or Netherlands. So, they’re not able to do a passport program like Martinique and Guadalupe. So, but you can look at the majority, the overwhelming majority of the smaller, independent states, they either have a program or they have looked into a program.
University Fund Option
The island of Cyprus, located geographically and culturally between Europe, the Middle East and North Africa, offers an extremely fast permanent residency program with a high approval rate. Residency in Cyprus gives you and your family members access to high quality private schools with English-language courses. The country is about to join the Schengen zone, with the additional benefit of free movement within Europe. You do not have to physically live in the country after getting permanent residency, and you only have to travel there once during the application process.
The Turkish passport offers visa free travel to many destinations in the world but not in the EU or the US. Although, Turkey has held talks for visa-liberalization with the EU in 2013 and there is hope that the process will take place in the future. While Antigua and Barbuda offers you the option of choosing real estate investment, EU citizenship for the family, visa free travel to 100 or more countries and you are guaranteed a passport within 2-4 months. Citizenship pathways give direct Citizenship and powerful Passport for the entire family. With that Passport, applicants will have Global mobility with visa-free access to more than 100 countries.
Bulgaria Streamlines Its Residence And Citizenship Program
We can have initial approval , on Government letterhead, in less than 10 days, and subject all the application documents and due-diligence being prepared correctly, the passport can follow in as little as 45 days. WWICS Global Law Offices is one of the World’s leading resettlement service providers offering professional consultancy services for all the categories of Immigration. Established in the year 1993, WWICS has years of experience in immigration and citizenship law, with an emphasis on Skilled, Study abroad &Business immigration. At present, it has over 25 offices at various international and national locations.
This happens at no cost to you and helps me cover some of the expenses of running this website. Before immigrating to Canada, Zain had the great fortune to live in places around the world and values the experiences he gained along the way. He’s now based in Waterloo, Canada but you’ll often find him in Thailand, a country he’s fallen in love with.
How To Apply?
A Vanuatu passport grants you visa-free entry to over 125 countries including the EU, UK, Singapore, and many other strategically valued destinations. You can apply from within the UK, when switching from another allowed category, or outside the country. Initial visa is granted for 3 years four months subject to extension. The funds must be held in your bank account for two years or your can prove the availability by showing the source of funds. UK financial institutions, where an investment account is open, are required to conduct thorough due diligence checks on all investors and state that in their letter.
You have the right to live and work in Saint Kitts and Nevis at any time. And since Saint Kitts and Nevis is a member of the Caribbean Community, you may reside in any of the other member states. In addition to visa-free travel or visa-on-arrival access to more than 120 countries. For more information about benefits, see our benefits page or contact us to explain the options that are right for you and your family.
Not Sanctioned By The Eu
This sort of investment will get you all the trappings of full citizenship and a shiny new passport to boot. No, citizens who have gained nationality through Antigua and Barbuda’s investment program do not have any voting rights within the country. Or, at least two applicants can propose to make a joint investment in a government-approved business with a total investment of USD 5,000,000. Each additional investor will need to contribute atleast USD 400,000 to the venture. A single applicant needs to invest at least USD 1,500,000 in a pre-approved business within the country. Payment of due diligence fees, 10% non-refundable government fees, advisory fees, and reservation of property investment fees, if applicable.
Parents can apply for their children’s citizenship during their application, so you won’t have to wait until you’re a full-fledged citizen and make another request for your child. Once you’re a citizen, you won’t need to renew residence permits or abide by residency rules such as staying for set periods of time within the borders for fear of losing it. By comparison, the value-added tax , the largest source of tax revenues for the government and the second-largest source of all budget receipts, generated only 18.9% of total budget proceeds in 2020. Excise duties and import/export duties accounted for 17%, while 9% of budget revenues came from foreign partners financing the development of the South Pacific jurisdiction. Funds generated from economic citizenship programs in 2020 exceeded in Vanuatu by 25.8% the amount raised in 2019 (which was 20.3% higher than in 2018).
But, you know, generally, markets such as Iraq, Lebanon, these people also have a large population, but there’s some internal issues that cause them to really see the benefit of having that as well. So, it’s not, I wouldn’t say there’s one country or one agency that Turkish staying permit brings the demand from this region. And another thing is the education on the projects, the products under the projects as well, investment projects, there it’s very strong industry. They have many very experienced agencies in the UAE, Saudi Bahrain, Kuwait.
There are also other business investment options that you may consider with their citizenship by investment program. In a normal case scenario, a foreign national must be a permanent resident of the country for ten years to be granted citizenship. Love nature and live peacefully by getting Citizenship of Antigua and Barbuda along with family by investing in property or business and get benefits like low tax and visa-free travel to more than 150 nations.
Most programs in the Caribbean do allow your direct descendants to obtain a passport, but usually only after they pay a hefty fee. There is usually just a trivial fee of around $100 involved for applying for a passport booklet. With many Citizenship By Investment programs, passing your citizenship down to a future generation is not easy. On a bright side, five years later, St. Lucian government should pay you the $250,000 bond amount back, so your final cost for the passport will just be the fee of $37,500. While St. Lucia, for example, will grant you a passport for a $109,500 donation, you will need to cough up $287,500 if you choose to buy the new government COVID-19 relief bonds ($250,000 bond + $37,500 in government fees).
Technological advancements allow us to be paperless, reducing for you and allows us to be eco-friendly. Parents or grandparents of the main applicant or his or her spouse above the age of 55 years living with and fully supported by the main applicant. Click Here to Schedule a Consultation Schedule a 30-minute consultation with Christian Reeves on your international tax or business matter.
Malta has a similar tax system to most other countries in Western Europe but with an interesting difference. The country has state schools that are free for all students, with transportation and books paid for by the government. It also has air and sea routes to Europe and other international destinations, so you can travel without any issues.
- Unlike Malta, one does not have to complete a residency period to obtain citizenship.
- Only once you are clear on why you want a second passport, can you determine how much it is worth to you and decide whether you want to go the investment route.
- The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.
- Parents qualify for citizenship provided they own a house valued at €500,000 + VAT or own a share of €500,000 in a residential property of the main applicant.
- Turkey is a member of NATO and the G20 as well as an applicant to join the European Union.
The investment is typically a minimum of €10 million if injected directly into a business or €3 million as a contribution to the government development fund. Although a Golden Visa automatically comes with a residence permit, there is usually a longer path to getting a passport. Yes, a Golden Visa can eventually lead to citizenship, but you will be required to live in that country for a few years beforehand. A foreigner can gain residence through investment in the United States of America by applying for an EB-5 visa. The EB-5 visa allows a foreign citizen to obtain a US Green Card through investing and creating jobs in the US economy. If you want to invest in real estate, the minimum you can invest is €350,000, but the property must be older than 30 years.
A member of the EU and soon to join the Schengen zone, Bulgaria offers an attractive golden visa program. Bulgarian citizenship gives you the right to travel and stay visa-free within Europe, high-quality health care, low tax rates and access to the free EU market. Processing time is only 2 years, during which you can enjoy the benefits of permanent residency in Bulgaria. You do not have to give up your current passport, you do not have to speak the local language, you do not have to own real estate in Bulgaria and you do not have to reside in Bulgaria after becoming a citizen.
It should be noted that this type of citizen has attracted influential individuals with high income, and there are some forms of benefits being attached to this type of citizenship. You have beautifully outlined all the steps required to acquire Singapore residency by investment. It may not sound easy, but with the help of the right investment immigration company, investors can quickly move to Singapore. If GIP application is approved, Approval-in-Principle will be issued for permanent residence status by the Singapore Immigration & Checkpoints Authority , which is valid for 6 months. You will be required to make your investment within the 6-month period of your AIP PR status.
Alternatively, a joint contribution of USD 6 million , plus the creation of no fewer than six permanent jobs. Worldwide, nearly 30 countries offer residence- and/or citizenship-by-investment programs. Currently, there are only nine countries that provide a direct route to citizenship based on investment. 3 Additional dependency requirements and age restrictions may apply in each country. While Antigua & Barbuda is one of the more expensive overall investments options, when the price of fees are taken into consideration it can become one of the least expensive choices for a family of 4.
Within a period of one month, the Commission will inform the Prime Minister of the decision, who in turn will inform the President of the persons to be granted with honorary citizenship. After that, the Commission will issue the certificate of citizenship and will inform the passport office to issue the passport. A soft copy of the certificate of citizenship and passport will be sent by email to the new citizen. Immigrant Invest’s lawyers provide the investor with a list of the personal and financial documents required for the program. Applicants must provide originals of passports, certificates, company extracts and other papers.
Most will say that it is not easy to get citizenship in Singapore – and they are right. The criteria to be eligible is stringent, and the process can be long and tedious. Generally, you will need to be a Singapore PR for at least 2 years before you can even apply for citizenship. Each application for Singapore citizenship usually takes around 6 to 12 months to process. SignNow makes eSigning easier and more convenient since it provides users with numerous additional features like Add Fields, Merge Documents, Invite to Sign, and many others.
We also are not an accounting firm and we do not do tax work for our clients. In addition, English is the official language so you will not have any issues interacting with the local residents. The country also has excellent air connections to North America and Europe, making travel easy. Even though there are such a large number of benefits to Singaporean Citizenship, just one disadvantage may steer potential applicants away from making this very important decision. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc.