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Citizenship By Investment FAQ 20202020-02-09T19:07:31+00:00

Citizenship By Investment FAQ 2020

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Looking to obtain quick answers about your eligibility for the world’s top Citizenship By Investment Programs in 2020? Discover which nationalities can – and cannot – apply for second citizenship here, or contact us now for a free consultation.

What is the population of Montenegro?2020-07-20T14:48:18+00:00

By 2018, Montenegro’s population had reached 622,000. The population comprises a mix of Montenegrins, Serbs, Bosniaks, Albanians Croats as well as a smattering of other nationalities.

What are the languages of Montenegro2020-07-20T14:47:09+00:00

While Montenegrin is the official language of Montenegro, Serbian, Albanian, Bosnian and Croatian are all spoken, especially in the country’s larger cities. While English is not widely spoken, you will find local English speakers in the country’s core tourism centres.

What is Montenegro’s Gross Domestic Product (GDP)?2020-07-20T14:45:31+00:00

As of 2020, companies incorporated in Montenegro are subject to corporate profit taxation at 9%. It is one of the lowest corporate tax rates in Europe, where the average company tax rate is typically between 19% and 25%.

 

What is the Montenegro corporate tax rate in 2020?2020-07-20T14:44:26+00:00

As of 2020, companies incorporated in Montenegro are subject to corporate profit taxation at 9%. It is one of the lowest corporate tax rates in Europe, where the average company tax rate is typically between 19% and 25%.

 

Does Montenegro recognize same-sex civil unions?2020-07-20T14:41:19+00:00

Yes, as of July 2020, Montenegro recognises gay and lesbian civil unions. The move has been welcomed by advocacy bodies and the international community alike.

Where is Montenegro situated?2020-07-20T14:49:48+00:00

Situated on the Balkan coast, Montenegro is considered to be part of South and Southeastern Europe. The country shares borders with Serbia to the northeast, Bosnia-Herzegovina to the northwest, Kosovo to the east, and Croatia to the west. On the southwestern side it faces the Adriatic Sea.

Is Montenegro part of the EU?2020-07-20T14:37:11+00:00

Montenegro is presently not part of the European Union, however accession looks likely during the next couple of years. The country initiated the process of EU accession in 2005. In 2010, the EU commission issued a favourable opinion on Montenegro’s application, granting it formal candidate status and identifying 7 key priorities that needed to be addressed.

The country was recently given the green light to open the final chapter of accession negotiations with the EU.

The country’s application carries broad approval among other EU members, and accession is considered to be possible by as early as 2025. By 2016, the European Commission deemed that Montenegro was the most prepared country among prospective member states. Acquiring Montenegrin Citizenship by Investment is therefore considered to be a “value buy”, given that other direct European citizenship by investment programs require an investment of up to €2 million, as is the case in Cyprus.

Are there any gay friendly citizenship by investment programs?2020-07-18T15:20:51+00:00

This is a topic of much contention, especially in light of the fact that most of the Caribbean nations offering Citizenship By Investment Programs are traditionally notoriously homophobic. In Montenegro, however, Parliament recently voted in favour of recognising gay and lesbian civil unions, paving the way towards a more just and equal society, and positioning the Montenegro CBI program as the go-to option for gay and lesbian couples, going forward.

Why do Citizenship and Residency By Investment programs occasionally receive negative news coverage?2020-07-18T15:25:23+00:00

While foreign direct investments generated by CBI and RBI Program are generally responsible for social upliftment and benefit to citizens of the host countries, they are not universally popular. In popular Golden Visa destinations such as Lisbon and Porto in Portugal and Barcelona in Spain, these programs alongside the rise of short-term letting platforms such as Airbnb have contributed to sky-rocketing property prices, making these areas less affordable for locals.

These programs have therefore frequently received criticism, especially from the left of the political spectrum and from the EU’s headquarters in Brussels. Political sentiment is one thing, but law is another. As it stands, each sovereign country within the EU is within its rights to determine the conditions for awarding citizenship rights to foreign nationals, typically on the basis of exceptional investment, and these programs are completely legal.

The EU did apply economic pressure on Moldova, which led to the country abandoning its Citizenship By Investment Program before it even got off the ground. 

Can I lose my Second Residency or Citizenship by Investment status?2020-07-18T15:12:02+00:00

Generally speaking, you would need to commit a crime or an act that seriously compromises your international standing to lose your second citizenship. Alternatively, you could ostensibly lose your investment citizenship (or residency) status if you were to be involved in some form of fraud or gross misrepresentation during your citizenship application.

What are the potential pitfalls to be aware of when getting second residency or citizenship?2020-07-18T15:22:33+00:00

There are many potential pitfalls to be aware of when investing in a second residency or citizenship program, however an experienced residency or citizenship planning advisor can help you navigate this landscape with ease. Some of the obvious potential risks include that your investment may not appreciate over time. Alternatively, you many end up paying more than market related prices for your investment property. Another issue is that your property may not be worth what it’s priced at.

In Turkey and elsewhere, for example, a government valuator confirms the value of your property, and if it is deemed to be worth $230,000, instead of the mandatory $250,000, you’d need to buy a second property in order to meet this requirement. Many investors therefore opt to be buy two lesser-priced properties so as to avoid any risks associated with this.

Should I choose to get citizenship by investment or donation?2020-07-18T15:26:26+00:00

The answer to this question will depend almost entirely on your personal circumstances. Are you looking for speed, affordability or return on investment? If the former, a donation based citizenship may be worth considering, however if you would like your investment to deliver a return on investment and potential capital appreciation, a program offering citizenship by property investment may be better suited to your needs.

Which Countries Offer Golden Visas In 2020?2020-07-18T15:27:45+00:00

In strict terms, Golden Visa Programs are government endorsed and promoted residency schemes featuring a minimum property investment as a requirement for attaining residency. As such, Portugal, Spain, Germany, Cyprus, Greece and Malta count among the most prominent true Golden Visa jurisdictions. Yet the Italian Investment Residency is widely referred to as the Italian Golden Visa as well, even though this country’s residency program does not have a property investment option at present.

Which countries offer Citizenship By Investment Programs?2020-07-18T15:29:29+00:00

As of July 2020, the following countries offer foreign investors the ability to obtain Citizenship By Investment: Antigua and Barbuda, St Kitts and Nevis, St Lucia, Dominica, Vanuatu, Grenada, Montenegro, Malta, and Turkey.

 

Which Countries Offer Residency By Investment Programs in 2020?2020-07-18T15:04:24+00:00

While the following list is not exhaustive, the following countries offer well established residency by investment programs (also referred to as Golden Visas): Italy, Spain, Portugal, Malta, Cyprus, the Netherlands, Greece, Turkey, Mauritius, Uruguay, Panama, Peru, Hungary, Ireland, Georgia, Guernsey, the Isle of Man, Monaco, the UK, Ukraine, Antigua and Barbuda, Thailand, Brazil, Canada, Costa Rica, Ecuador, Montserrat, Cambodia, Hong Kong, Iran, Kazakhstan, Malaysia, Singapore, Botswana, Egypt, Seychelles, Australia, New Zealand and Vanuatu.

What are my investment options to gain second citizenship?2020-07-18T15:02:15+00:00

While you could ostensibly gain citizenship in another country through regular naturalisation, e.g. by marrying a citizen of that country and settling there or gaining employment as the basis for your residency, both potentially leading to eventual citizenship, investing for citizenship is typically a lot faster and less onerous.

With most of the world’s leading Citizenship By Investment Programs, you have the option of making a substantial donation to the government (priced from $100,000 for a single applicant) or investing in government approved real estate. The latter option could involve either having to invest in a government approved real estate development, or purchasing a property with a minimum value determined by the government in a specific eligible location. In some instances, such as with the CIPs of Montenegro and Malta, for example, the investment requirement is a blend of donations and investments.

What is the difference between Golden Visas and Residency By Investment Programs?2020-07-18T15:00:29+00:00

While there is some measure of overlap between Golden Visa Programs and investment residency programs, the terms again tend to get used interchangeably. A key difference is the fact that Golden Visa programs frequently (if not exclusively) require an eligible property investment, whereas residency by investment programs tend to be more focused on encouraging business investments or new company formation leading to job creation in the host country.

 

What is a Golden Passport?2020-07-18T14:59:25+00:00

“Golden Passports” is the term used, both colloquially and in the media, to refer to second passports obtained through Citizenship by Investment programs. Unlike with investment residency and Golden Visa programs, golden passports are generally acquired more directly, if not quite immediately, and not through regular naturalisation.

The Caribbean Citizenship By Investment Programs of countries such as St Kitts and Nevis, St Lucia, Antigua and Barbuda as well as Grenada are widely associated with these so-called “Golden Passports”, however Cyprus, Malta, Montenegro and Turkey also offer comparable programs.

What are Golden Visas?2020-07-18T14:56:57+00:00

Golden Visa Program generally refers to instances where governments have opted to formally package and promote their residency by investment by investment programs as convenient, low-admin investment products enabling applicants to gain the right to settle in a country without obligating them to actually up sticks and relocate – hence these informally being referred to as “Plan B” emigration solutions.

These programs are typically attractive to individuals or families with concerns about the social, economic, political or environmental stability levels in their country of origins.

While formerly clients would fall into either the second residency or citizenship categories, recent global events and the Covid-19 pandemic, in particular, has seen a converge in terms of these client requirements. In addition, education and eventual employment opportunities for the children of so-called economic migrants is frequently cited as motivating factors.

What is the difference between citizenship and nationality?2020-07-18T14:55:31+00:00

As with the terms citizenship and residency, citizenship and nationality are used fairly interchangeably. However, again, there is a clear difference between the latter two concepts, legally speaking:

  • Citizenship is a term used to the status of a person recognised under the law or custom of a sovereign country as belonging to or being a member of that country. This status generally carries with it recognition of rights and privileges not afforded to non-citizens, including civil, political and social rights, although of course there are some exceptions to this.

Each sovereign country is free to determine the criteria for recognizing individuals as its citizens, even within political unions such as the EU, along with the criteria for when this citizenship status can be withdrawn.

Gaining citizenship status in a country generally carries with it the right to vote, the right to a passport of that country, as well as the right to live there, work there, and access the country’s health services, if such are made available to citizens.

  • Nationality generally covers the same criteria, with the key difference that the above rights are attributed to a person on the basis of them having been born in that country. Somewhat paradoxically, then, a person holding dual citizenship is frequently referred to as holding dual nationality, although the term dual citizenship is technically more correct.

The term nationality is also frequently referred to group people in terms of their origin, traditions, race or religious background.

What is the difference between residency and citizenship?2020-07-18T14:53:34+00:00

Most laymen, including even seasoned journalists, frequently use the terms residency and citizenship interchangeably, yet there are distinct differences between the two. In essence, obtaining residency or even permanent residency in another country simply refers to gaining the right to lawfully remain or settle in that country.

Doing so does not give you all the rights, such as access to free public healthcare or voting rights, as would normally be the case for native citizens or individuals whom have obtained those rights either by birth or by regular naturalisation. Gaining residency rights may also not affect your tax residency status unless you spend significant amounts of time living and working in another country.

For many European countries, for example, you’ll need to spend more than 6 months per year in-country before you start being obligated to pay income taxes.

It is not a coincidence that countries like Spain, which allows self-employed foreigners to gain residency by business formation, requires these new residents to spend more than 6 months per year in-country in order to maintain their second residency status.

As a rule of thumb, no country wants new residents or investment citizens to become a financial burden unto the state, hence economic residents are typically required to have comprehensive health insurance in place, both for themselves and for their dependent applicants.  

Countries offering direct economic Citizenship By Investment (CBI) programs similarly factor the potential burden of a new citizens into the investment or donation required in order to obtain such status.

As a rule of thumb, applicants seeking the ability to go settle (or potentially settle) in a specific country other than their own will opt for a residency by investment solution. Doing so is generally referred to as “having a Plan B”, and may involve either buying a government approved property in that country (either in terms of a specific development or based on a minimum investment requirement), or through new business formation as the basis for a obtaining second residency status.

Depending on the country and residency program in question, you may be able to either invest in property, create jobs, or make a passive business investment in order to obtain residency status. Depending on the country you choose as your Plan B destination, there may also be minimum stay requirements associated with maintaining your second residency status.

 In contrast, many applicants seeking the benefits of enhanced global mobility and visa-free international travel opt for second citizenship by investment programs.

How long does it take to obtain a Golden Visa in Spain?2020-06-27T10:26:37+00:00

As of June 2020, Golden Visa applications in Spain can typically be completed in under 2 months (60 days). Contact us for more information or to apply for your Spain Golden Visa today.

Can I work in Spain on the Spanish Golden Visa?2020-06-27T10:22:13+00:00

You can – the Spanish Golden Investment Visa allows you to work, live and study in Spain.

Contact us for more information on this topic now.

How long is the Spanish Golden Visa valid for?2020-06-27T10:21:44+00:00

The Spain Golden Visa is initially issued for a period of 2 years, after which it can be renewed at 5 year intervals, provided that the requisite investment is maintained by the visa recipient.

Contact us for more information on this topic now.

Does the Spanish Golden Visa lead to Spanish citizenship?2020-06-27T10:20:38+00:00

Yes, it can, eventually. As a first step, on order to become eligible to apply for Spanish Permanent Residency, you’ll have to reside in Spain for at least 6 months per year for 5 uninterrupted years. After you’ve then held Spanish Permanent Residency status for a period of 5 years (after 10 years in total), you can then become eligible to apply for Spanish citizenship.

If you don’t, however, your Spanish Golden Visa can simply be renewed. Contact us for more information on this topic now.

Is my family eligible for the Spanish Golden Visa?2020-06-27T10:19:37+00:00

Yes, your spouse and dependent, unmarried children under the age of 21 years are eligible under the Spanish Golden Visa Program, provided that you can prove sufficient means to support them, and that you have comprehensive health insurance in place for the entire family.

Contact us for more information or to apply for your Spain Golden Visa today.

Can I finance my Golden Visa investment?2020-06-27T10:18:07+00:00

The Spanish Golden Visa Program requires a minimum, non-financed capital investment of at least €500,000, however industry reports suggest that a reduction to €250,000 is currently being considered. If you were to invest in a property worth more than €500,000, the difference can be financed.

As an example: if you were to buy a property for €1 million, you could get a mortgage for €500,000 of the investment amount. Contact us for more information or to apply for your Spain Golden Visa today.

What are the 2020 investment options for the Spanish Golden Visa?2020-06-27T10:16:44+00:00

As of June 2020, you have the following investment options to obtain a Spanish Golden Visa:

  1. Invest in property worth €500,000 or more. You have the option of co-investing with someone else, as long as the individual contribution per investor is a minimum of €500,000.

  2. Invest €1 million or more in the shares of a Spanish company

  3. Deposit €1 million or more in a Spanish national bank

  4. Make a substantial, government approved investment in a business, startup or commercial enterprise in Spain. The criteria on which such investments are appraised include the value of the investment, job creation potential, and contribution to scientific or technological advances to the benefit of Spain. In addition, the broader socio-economic impact of the project will also be considered.

Contact us for more information on this topic now.

Vanuatu Passport: List of Visa Free Travel Destinations 20202020-06-25T11:11:37+00:00

As of the beginning of July 2020, the Vanuatu passport enables its bearer to fly to over 124 countries around the world, including the UK, Ireland, all of the EU countries and Australia. Vanuatu citizens also enjoy the ability to apply for multiple-entry visas to Australia. Contact us now to find out more about the Vanuatu CIP and the benefits of Vanuatu citizenship in 2020.

What is the official website of the Vanuatu Citizenship Program2020-06-25T10:02:18+00:00

The official website of the Vanuatu Citizenship By Investment Program can be accessed here. Contact us now to find out more about the Vanuatu DSP and the benefits of Vanuatu citizenship in 2020.

Which Nationalities Can Apply For Vanuatu Citizenship in 2020?2020-06-25T10:02:51+00:00

As at June 2020, the Vanuatu CBI program is open to most of the world’s nationalities, however each applicant must pass a strict due diligence process. Among other requirements, they have to prove a clean police record in their country of origin and / or current country of residence. Contact us now to find out more about the Vanuatu DSP and the benefits of Vanuatu citizenship in 2020.

Can I Apply For Vanuatu Citizenship Directly?2020-06-25T09:43:48+00:00

No, applications can not be made directly with the Vanuatu Government. In order to apply for Vanuatu Citizenship, you have to work with an officially appointed DSP representative – typically a law firm headquartered in Vanuatu. We work closely with a highly respected firm that can assist you with your application. Contact us now to find out more about the Vanuatu DSP and the benefits of Vanuatu citizenship in 2020.

When was the Vanuatu Citizenship Program Established?2020-06-25T09:40:23+00:00

The globally marketed Vanuatu Development Support Program, or Vanuatu DSP for short, was launched in early January 2017. Contact us now to find out more about the Vanuatu DSP and the benefits of Vanuatu citizenship in 2020.

Where is Vanuatu situated?2020-06-25T09:37:22+00:00

Vanuatu is a Commonwealth nation situated in the South Pacific, northeast of Australia. The country comprises an archipelago of over 80 islands, of which 65 are populated. The island is best known for being one of the locations in which a series of Survivor was filmed.

List of Visa Free Countries Grenada Passport 2020?2020-06-18T08:32:19+00:00

Discover the List of Visa Free Countries for the Grenada Passport below, or contact us now to find out more about the Grenada Economic Citizenship Program in 2020.

As of June 2020, the Grenada passport offers the bearer visa-free access, or visa-upon-arrival, for over 143 countries around the world, including all EU countries, the United Kingdom, Ireland, Russia and all the Commonwealth Nations. Grenada citizens are also eligible to apply for the US E-2 Visa Program, making the Grenada CBI program internationally sought after.

Additional visa-free destinations include Egypt, Ethiopia, Anguilla, Antigua and Barbuda, Andorra, Austria, the Bahamas Bangladesh, Barbados, Belgium, Botswana, Brazil, Bulgaria, Cambodia, Cayman Islands, Chile, China, Colombia, Costa Rica, Cuba, the Czech Republic, Denmark, Dominica. the Dominican Republic, Egypt, Estonia, Finland France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, the Isle of Man (UK) Ireland, Italy, Latvia, Malaysia, Maldives, Malta, Nepal, the Netherlands, Panama, Peru, the Philippines, Poland, Portugal, Singapore Slovakia, Slovenia, South Africa, Spain, Sri Lanka, St Kitts and Nevis, St Lucia, Sweden Switzerland, Vanuatu, Venezuela, Vietnam, Zambia and Zimbabwe.

Which airlines offer flights to St George’s in Grenada?2020-06-18T08:04:32+00:00

Outside of the current Covid-19 situation, the following airlines operate regular scheduled flights to and from St George’s in Grenada:

  1. JetBlue Airways flies non-stop to St George’s from JFK, New York, on a daily basis.

  2. British Airways and Virgin Atlantic offer bi-weekly direct flights from London Gatwick.

In addition, Condor, American Airlines, Delta Air Lines, Liat, Carribean Airlines and Air Canada all offered regular scheduled passenger flights to Grenada up until the current pandemic halted international air travel.

Be sure to confirm flight availability to Grenada with your airline of choice.

Where is Grenada located?2020-06-18T07:52:16+00:00

Grenada is a sovereign country situated in the West Indies in the Caribbean, at the southern end of the Grenadines Island chain. It is situated northeast of Venezuela, northwest of Trinidad and Tobago, and southwest of St Vincent and the Grenadines. Also known as the “Spice Island”, the country is an excellent choice for affordable second citizenship – especially for families – via the Grenada CBI Program. Its capital is St George’s, and its GPS coordinates are as follows:

12.0561° N, 61.7488° W

 

How much are the monthly residency fees at Cork Tree Comporta?2020-06-15T06:56:20+00:00

The monthly inclusive service fee at Cork Tree Comporta is €3,000,00 per person for double occupancy, either as a couple or two friends, and €4,000,00 per month for single occupancy usage. Contact us now for more information.

Is Cork Tree Comporta an off-the-grid development?2020-06-14T14:24:16+00:00

The Cork Tree Residences Luxury Retirement Village in Comporta offers residents state of the art living off the grid. Electricity, heating, food production and water sourcing all happens off the grid. Combined with best in class security, nursing and elderly care services, this is one of the most secure developments of its kind, offering residents a climate change proof location for a peaceful and meaningful luxury retirement in Portugal.

How old do I have to be to invest at Cork Tree Comporta?2020-06-14T14:17:24+00:00

In order to invest at the Cork Tree Residences Luxury Retirement Village in Comporta, you have to be a minimum age of 55 years old.

Click here for more information, and contact us now to secure your retirement villa today.

Where is Cork Tree Residences situated?2020-06-14T14:15:14+00:00

Situated on a 30 hectare private estate outside Comporta, the Cork Tree Residences is setting new standards for luxury retirement living in Portugal. Widely known as the Hamptons of Europe, Comporta is a civil parish and village situated in the municipality of Alcacer in the district of Setubal. Lisbon is only 60 minutes’ drive away, with the Algarve situated only 1 and a half hours from Comporta.

How long is the UK Overseas Business Representative Visa Issued For?2020-06-07T16:43:43+00:00

As at June 2020, the UK Sole Representative Visa is issued for an initial period of 3 years, after which it can be renewed for a period of 2 more years. If you have spent more than 180 days per year in the UK during the initial 5 year period, you can become eligible to apply for Indefinite Leave To Remain (ILR).

If however, you have not spent 6 months per year in the UK, you can simply renew your visa again. Contact us now for more information.

Can my spouse work in the UK if I hold a UK Sole Representative Visa?2020-06-07T08:08:13+00:00

Yes, as at 5 June 2020, the spouse of a UK Overseas Business Representative Visa is legally allowed to work in the UK. We can assist your spouse with her work permit application as part of our inclusive program application fee. Contact us now for more information.

Can I get UK citizenship via the UK Sole Representative Visa Program?2020-06-07T08:08:46+00:00

Subject to you meeting the relevant requirements, holding a UK Overseas Business Representative Visa can lead to Indefinite Leave to Remain and eventual UK citizenship. A key requirement for this is that you will have to spend at least 180 days per year in the UK, and you would need to continually be able to support yourself without requirement financial assistance from the UK government. Contact us to learn more now.

What are the requirements for the UK Sole Representative Visa2020-06-07T08:09:16+00:00

As of 5 June 2020, the requirements for obtaining the UK Sole Rep Visa are as follows:

  1. The existing business you own or work for as a senior employee must be headquartered outside UK (EEA).

  2. The primary business must remain headquartered outside the UK

  3. The business must have a minimum turnover of £60,000+ per year

  4. The business must be older than 1 year.

  5. You must be able to support yourself and your dependents financially.

  6. You must have been recruited to the company outside the UK, and must be empowered to make business decisions on behalf of the company’s new UK branch.

  7. You have to be a minority shareholder in the overseas business (1% to 49% shareholding).

  8. You have to be fluent in English.

  9. A comprehensive branch business plan must accompany your application.

Contact us now for more information.

How long does it take to get a UK Sole Representative Visa2020-06-07T07:49:57+00:00

As of 5 June 2020, the average time required to obtain your UK Sole Representative Visa, including the issuance of your UK residency cards, is approximately 90 to 95 days. Contact us now for more information.

What is the required investment to obtain a UK Sole Representative Visa in 2020?2020-06-07T08:09:37+00:00

As of 5 June 2020, there is still no investment required to obtain a UK Sole Representative Visa. You are, however, required to supply proof of the means to support yourself and your family, and your business, being older than 12 months, must have an average monthly turnover of at least £5,000 (£60,000 per year). Contact us now for more information.

 

Who is the Kawana Bay Developer?2020-05-24T10:22:54+00:00

Kawana Bay is being developed by True Blue Development, a subsidiary of the Tau Capital Group of Companies.

Is Kimpton Kawana Bay a government approved CBI project?2020-05-24T09:58:01+00:00

Yes, the Kawana Bay project is an approved development under the Grenada government’s citizenship by investment program. It is also the only CBI development offering title-deeded units priced as per the program’s requirements.

What are the investment pricing options at Kimpton Kawana Bay?2020-05-24T10:26:04+00:00

As of May 2020, investors can choose from the following investment options:

1. Shared multi owner title-deeded units from only $220,000.

2. Dual owner title-deeded units from only $350,000.

3. Single owner title-deeded units from only $425,000.

Where is Kimpton Kawana Bay situated?2020-05-24T10:00:08+00:00

Kimpton Kawana Bay is situated in Grenada, overlooking the world famous Grand Anse Beach. Its location coordinates are as follows: 12.0213° N, 61.7686° W. To view the location in Google Maps, click here.

 

Where can Russian national obtain second citizenship by investment in 2020?2020-05-11T10:54:24+00:00

Looking to obtain second citizenship by investment as a Russian citizen? Discover the countries that allow Russians to obtain for second  citizenship by investment, or contact us now for more information.

As of 2020, Russian citizens can apply for nationality by investment programs in CyprusMaltaMontenegro, Grenada, St Kitts and NevisSt LuciaAntigua and Barbuda, Dominica and Turkey, to name but a few of the most popular Caribbean and global passport programs.

Also be sure to check out the Vanuatu investment passport program.

Where can Hong Kong Nationals obtain citizenship by investment in 2020?2020-05-11T10:48:18+00:00

Looking to obtain second citizenship by investment as a Hong Kong national? Discover the countries that allow Hong Kong citizens to obtain for second  citizenship by investment, or contact us now for more information.

As of May 2020, Hong Kong citizens can apply for citizenship by investment programs in CyprusMaltaMontenegro,  Saint Kitts and NevisSaint LuciaAntigua and BarbudaGrenada and Dominica and Turkey, to name but a few of the most popular Caribbean and global passport programs.

Another attractive option is the Vanuatu investment passport program. Priced from only $205,000 for a family of 4, including fees, the Vanuatu passport offers visa-free travel to over 135 countries around the world, including Singapore, the EU, UK  and Russia.

The process takes only 60 days to complete, and even stateless individuals can apply.

Bonus feature: Vanuatu is a tax haven.

Where can Nepalese nationals obtain citizenship by investment in 2020?2020-05-11T10:35:47+00:00

Looking to obtain second citizenship by investment as a Nepalese citizen? Discover the countries that allow Nepalese nationals to apply for economic citizenship, or contact us now for more information.

As of May 2020 Nepalese citizens can apply for citizenship by investment programs in Cyprus, Malta, Montenegro, Turkey, Saint Kitts and Nevis, Saint Lucia, Antigua and Barbuda, Grenada and Dominica, to name but a few of the key Caribbean and Global CBI programs.

Another fast, discrete and affordable option is the Vanuatu investment passport program. Priced from only $205,000 for a family of 4, including fees, the Vanuatu passport offers visa-free travel to over 135 countries around the world, including Singapore, the EU, UK, Hong Kong, and Russia.

The process takes a maximum of 60 days. Additionally, Vanuatu is a tax haven, and even stateless individuals can apply.

 

Where can Indian nationals obtain citizenship by investment in 20202020-05-11T10:36:09+00:00

Looking to obtain second citizenship by investment as an Indian citizen? Discover the countries that allow Indian nationals to apply for economic citizenship, or contact us now for more information.

India does not recognise dual citizenship, although the issue has recently been given consideration. Nonetheless, as of May 2020 Indians can apply for citizenship by investment programs in Cyprus, Malta, Montenegro, Turkey, Saint Kitts and Nevis, Saint Lucia, Antigua and Barbuda, Grenada and Dominica, to name but a few of the key Caribbean and Global CBI programs.

Another fast, discrete and affordable option is the Vanuatu investment passport program. Priced from only $205,000 for a family of 4, inclusive of fees, the Vanuatu passport offers visa-free travel to over 135 countries worldwide, including the EU, UK, Hong Kong, Singapore and Russia. The process takes only 60 days.

Bonus features: Vanuatu is a tax haven, and even stateless individuals can apply.

 

Examples of Government Approved Real Estate Projects in Dominica2020-05-10T16:00:27+00:00

Looking to obtain citizenship by investment in Dominica? Check out some of the latest government approved property projects in Dominica below:

  1. Bois Cotlette Estate: $250,000+

  2. Cabrits Resort Kempinski: USD 220,00+

  3. Jungle Bay Villas: $200,000+

  4. Secret Bay Residences $200,000+

  5. Silver Beach Development $200,000+

  6. Tranquility Beach $200,000+

Can I apply for a Dominica economic passport directly?2020-05-10T15:58:09+00:00

No, the Dominica CBIU does not accept direct applications. The first stop to obtaining your Dominica passport by investment is to contact Golden Visas. Working with an Authorised Agent of the Dominica economic citizenship program is essential to ensure your application is successful, as only authorised agents are allowed to represent applicants wishing to submit a second citizenship application in Dominica.

Does the Antigua and Barbuda CIP accept cryptocurrency payments in 2020?2020-04-22T09:59:29+00:00

Yes, as of July 2018, the Antigua and Barbuda investment citizenship program accepts direct Bitcoin payments, in addition to a range of global currencies.

What are the investment requirements to gain an Antigua and Barbuda investment passport in 2020?2020-04-22T09:57:44+00:00

As of April 2020, you have two options under the Antigua CIP, namely:

  • DONATION: A minimum non-refundable donation of $100,000 to the Antigua National Development Fund. This amount covers individuals, married couples, as well as 2 dependent children under the age of 28. Dependent parents and grandparents are eligible to apply for citizenship as well.

  • INVESTMENT: Individual investors must make a property investment of no less than $400,000, however if two investors invest together, the minimum capital investment required is $200,000 per family. The investment must be maintained for a minimum of 5 years, after which it can be sold without affecting your second citizenship status.

 

Number of visa free countries for the Antigua and Barbuda Passport 20202020-04-22T09:56:06+00:00

As of 2020, the bearer of an Antigua and Barbuda passport enjoys visa-free travel to or visa-upon-arrival for over 140 countries around the world, including: Armenia, Egypt, Lebanon, Jordan, Anguilla, Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, the Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Dominica, Ecuador, El Salvador, Grenada, Guatemala, Montserrat, Panama, Venezuela, the British Virgin Isl., Botswana, Cape Verde Comoros, Djibouti, Gambia, Guinea-Bissau, Kenya, Madagascar, Mauritius, Mozambique, Reunion, Seychelles, Tanzania, Uganda, Zambia, Zimbabwe, Bangladesh, Cambodia, Hong Kong, Malaysia, the Maldives, Nepal, the Philippines, Singapore and South Korea.

Additional European visa-free destinations include Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Monaco, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.

What is the investment requirement for the Irish IDLF visa?2020-04-06T08:44:47+00:00

As of March 2020, a minimum IDLF fund investment of €1 million is required for a period of 5 years in order to apply for Irish residency under the Irish Immigrant Investor Program.

How does Ireland’s IDLF work2020-04-06T08:37:39+00:00

As a single example of how the fund works in practice, hotels enter a 5 year loan agreement with the fund, with the IDLF holding security over the hotel’s property asset until such time as the loan amount has been settled in full. At the end of this loan agreement, the hotel typically refinances at a (typically) higher rate with a traditional lender, and the IDLF loan amount is repaid with interest. In this way, the hotel can affordably fund expansions, thus creating more job opportunities and meeting the IIP’s objectives.

IIP Dependent family member eligibility 20202020-04-06T08:09:48+00:00

The spouse of the primary application, as well as any dependent children under the age of 18 years are eligible to be included under the primary applicant’s residency application. Ireland recognizes same sex marriage, and children under the age of 24 will be eligible for residency as well, provided that they are financially dependent, unmarried and in studying full time.

Does Ireland recognize dual citizenship in 2020?2020-04-06T08:09:55+00:00

Yes, Ireland does recognise dual citizenship, so you won’t need to give up your citizenship to gain Irish citizenship and the related benefits.

How many Irish investor visas are granted per year?2020-04-06T08:10:01+00:00

As of 2020, there is no limit on the number of IIP visas that can be issued per annum.

When do I need to commit my investment funds for the IIP?2020-04-06T08:10:07+00:00

You will only need to commit your investment funds upon received your pre-approval letter from the Irish nationalization and Immigration Service (INIS)

Are any countries excluded from applying for the Irish Investor Program?2020-04-06T08:10:21+00:00

As of 2020, no countries are formally excluded from the IIP, however certain sanctioned countries may be prevented from applying for Irish investment residency.

What are the investment options for the Irish Investor Program?2020-04-06T08:10:29+00:00

Immigrant investors can choose from the following investment options to gain Irish residency:

1) Endowments: A donation of no less than €500,000 into a philanthropic project or similar approved initiative with benefit to the Irish public can serve as the basis for a residency application under the IIP. Applicable project areas include Irish arts and culture, sports public healthcare or educational initiatives.

2) Enterprise investment: A qualifying investment of no less than €1 million can serve as the basis of an Irish residency application under the IIP. The investment must be maintained for a minimum period of 3 years. It must be noted, however, that unlike IDLF investments, Irish enterprise investments tend to carry a higher degree of potential downside risk.

3) Real Estate Investment Trusts (REITs): A minimum investment of €2 million in any Irish REIT listed on the Irish Stock Exchange, and maintained for a minimum period of 3 years, can serve as the basis for a residency application under the Irish Investor Program.

4) The Irish Diaspora Loan Fund (IDLF): A minimum investment of €1 million in this Fund, maintained for a period of 5 years, will qualify the foreign investor to apply for Irish residency.

What are the application criteria for the Irish Investor Program?2020-04-06T08:10:36+00:00

Investors seeking Irish residency by investment must be able to make a minimum qualifying invest of €1 million in the IDLF. In addition, prospective investors must be of good international standing, have a clear police record in their native jurisdiction, and must be able to prove a minimum net worth of €2 million.

 

Who does the IDLF typically appeal to2020-04-06T08:07:04+00:00

The IDLF typically appeals to foreign investors applying for the IIP who seek a low-risk, highly regulated and reputable investment option. The Fund is structured as a Qualifying Investor Alternative Investment Fund (QIAIF).

IDLF applicants are typically families, with the primary applicant being an accomplished business professional who travels internationally quite frequently, while their spouse resides in-country. Their children are typically of a school going age, however in most cases investors’ objectives include their children attending an Irish university or tertiary institution in future, given that Ireland’s higher and tertiary learning institutions rank among the best in the world.

These children will be eligible for an application for naturalization and citizenship, without any language requirement. In addition, they’ll have access to a booming commercial environment and technology sector, with over 1,300 of the world’s biggest multinational companies being headquartered in Ireland. Some of these companies include Facebook, Microsoft, Apple and LinkedIn, to name but a few.

The Irish IIP application process2020-04-10T14:32:43+00:00

Step 1: Compile and submit your application, indicating your intended investment preference. No capital needs to be committed at this stage.

Step 2: Application consideration by the Evaluation Committee.

Step 3: Receive in-principle approval and make the eligible investment.

Step 4: Provide proof of having made your investment, and have your application processed, and residency status granted.

All Irish residency by investment applications are appraised by the Ireland Immigrant Investor Program’s Evaluation Committee, with an ultimate decision being made by the Ministry for Justice and Equality.

The approval criteria include the applicant’s personal and financial profile, the viability of the proposed commercial investment or projects, as well as the probability of successful job creation, if relevant. The project’s overall positive impact on the Irish economy is generally a key consideration.

Once your pre-approval letter has been obtained, you must make the required investment within 90 days or less.

Recommended resources for expats wishing to retire in Portugal2020-04-03T17:03:22+00:00
Can I access free public healthcare in Portugal as a non-EU expat?2020-04-03T16:57:22+00:00

No. Nationals of other EU countries can access public healthcare in Portugal via the SNS with an S1 form. If, however, you’re a non-EU national, you’ll only become eligible to access free healthcare until you become a permanent resident. Up until that point, you will need comprehensive private health insurance to retire in Portugal.

 

What are my visa options as a foreigner wishing to retire in Portugal?2020-04-03T16:56:11+00:00

Outside of marrying a Portuguese national, the Portuguese Non Habitual Residence Programme (NHR) and the Golden Visa Programme are typically the preferred option for non-EU expats wishing to retire in Portugal.

What are the benefits of the Portuguese Golden Visa Programme?2020-03-27T12:50:16+00:00

The Portugal residency by investment programme is one of the most popular programmes of its kind in the world. Foreign investors choose the programme for the following benefits: 1) To obtain residency in Portugal 2) A range of investment options to choose from 3) Visa free access to 26 other Schengen countries 4) A clear path to eventual EU citizenship 5) High quality of life in a sun-drenched, Mediterranean setting 5) A proven, fast and reliable application process 6) A safe, stable and centrally situated country with excellent infrastructure for education, public transport and healthcare.

Are Portuguese citizens eligible to apply for the USA E2 Visa Program?2020-03-27T12:48:38+00:00

As of March 2020, Portuguese citizens are not yet eligible to apply for the E2 Visa, however Portugal is in talks with the USA about entering an E2 treaty agreement for commerce and navigation. A decision in this regard expected imminently, after which it is expected that the Portuguese Golden Visa will become even more popular among non-European investors.

Can having a Golden Visa lead to citizenship in Portugal?2020-03-27T12:47:08+00:00

Yes, it can, provided that the applicant has maintained residency in Portugal for an uninterrupted period of 5 years. After that, applicants are eligible to apply for Portuguese citizenship by regular naturalization. The first Portugal Golden Visa holders have recently started acquiring citizenship.

Which nationalities can apply for a Golden Visa in 2020?2020-03-27T12:57:49+00:00

Apart from citizens of the EU, the European Economic Area and Switzerland, most countries in the world are eligible to apply for a Golden Visa, provided that they can meet the programme requirements. The bulk of applications, to date, have come from China, Turkey, Brazil, Russia and South Africa.

 

What are the 2020 investment options to obtain a Golden Visa?2020-03-27T13:19:56+00:00

As of March 2020, foreign investors have the following investment options for obtaining a Portuguese Golden Visa:

1) Create 10 full time jobs through a substantial investment 2) Invest €500,000+ in real estate anywhere in Portugal, including in popular cities like Porto & Lisbon, or €400,000+ in less densely populated rural areas 3) Invest €350,000+ in a government approved real estate rehabilitation project, or €280,000 if the property is situated in a low density area 4) Make a capital transfer of €1 million or more to a Portuguese national bank 5) Invest €250,000+ in aid of growing Portuguese arts and culture, or maintaining the country’s national heritage. 6) Invest €500,000 or more into a green, carbon neutrality or renewables project 7) Invest €175,000 in a Research & Development project under the Portugal Highly Qualified Activity visa program 8) Acquire shares worth €350,000+ in a Portuguese investment fund 9) Invest €350,000+ as venture capital 10) A capitalisation of €350,000 in a Portuguese company or companies aged at least 5 years, with 60% of the total investment to be realized in Portuguese enterprises.

What are the key benefits of the NHR tax regime?2020-03-19T09:22:50+00:00

As of March 2020, Non Habitual Residents in Portugal enjoy the following benefits:

  1. Pay no wealth taxes

  2. Enjoy tax exemption on gifts for family members

  3. Enjoy free remittance of funds to Portugal

  4. Enjoy a tax residency in an EU white listed jurisdiction

  5. Pay only 10% tax on foreign sourced income (launching soon, historically 0%)

  6. Pay a flat tax of only 20% on a range of Portuguese income types.

Contact us for more information.

 

List of countries with double taxation treaties with Portugal 20202020-03-19T09:20:23+00:00

As of March 2020, the following list of countries enjoy double taxation treaties with Portugal:

Algeria, Austria, Andorra, Bahrain, Barbados, Belgium, Brazil, Bulgaria, Canada, Cape Verde, Chile, China, Colombia, Croatia, Cuba, Cyprus, Czech Republic, Denmark, East-Timor, Estonia, Ethiopia, Finland, France, Germany Georgia, Greece, Guinea-Bissau, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Japan, Kuwait, Latvia, Lithuania, Luxembourg, Malta, Mexico, Moldova, Montenegro, Morocco, Mozambique, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Poland, Qatar, Romania, Russia, São Tomé and Principe, Sweden, Switzerland, Senegal, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Tunisia, Turkey, the USA, the UK, Ukraine, Uruguay, Venezuela and Vietnam.

 

What is the process for applying for NHR status in Portugal in 2020?2020-03-19T09:18:48+00:00
  • Step 1: Firstly, you will need to register as a Portuguese resident and gain a Portuguese tax number via the relevant tax office.

  • Step 2: Complete this online form to register for the use of the Portuguese tax authority’s website.

  • Step 3: Your password will be delivered via mail, after which you can register yourself as a Non Habitual Resident via this website. Your application’s progress can be followed on the site.

  • Step 4: Download your confirmation document, once approved, and store it in a safe place.

You can also opt to seek the help of a professional service provider to assist you in the above application.

 

Who can apply for the NHR program?2020-03-19T09:14:48+00:00

People of any nationality can apply for NHR. Investors, retired individuals, freelancers, digital nomads, business owners and a range of professional workers are eligible to apply to obtain NHR status in Portugal. The professions deemed to be “high value” under the NHR include, but are not limited to university lecturers in the STEM fields, surgeons, dentists, biologists, medical doctors, auditors, designers, architects psychologists, psychiatrists, engineers, computer programmers (coders), as well as certain types of software consultants, to name but a few of the key professions.

What are the key requirements to qualify for the NHR in 2020?2020-03-19T09:11:35+00:00

As of March 2020, the following criteria must be met to apply for the Portugal NHR: In order to be eligible to apply for Non Habitual Tax Residency in Portugal, you must have, or obtain, the right to reside in Portugal. You are also not allowed to have been a Portuguese resident in the 5 year period prior to applying. You are also required to have a residence in Portugal (either rented for a minimum prescribed monthly amount, or purchased, as would be the case with the Portugal Golden Visa Program). In addition, you’ll be expected to spend a minimum of 183 days per year in Portugal.

What is the Portugal NHR Program?2020-03-19T09:08:34+00:00

The NHR is Portugal’s Non Habitual Residency, an attractive tax regime intended to encourage investors, high net worth individuals and professionals who can make a significant cultural or economic contribution to the country.

Which countries recognise dual citizenship in 2020?2020-03-09T13:55:39+00:00

As of February 2020, the following countries recognise dual citizenship:

Albania, Armenia, Australia, Bangladesh, Brazil, Belgium, Canada, Chile, Colombia, Cyprus, Denmark, Dominica, Ecuador, Hungary, Ireland, Iraq, Italy, Israel, New Zealand, Fiji, Jordan, Finland, Kenya, Peru, France, Kosovo, Philippines, Thailand,  Latvia, Poland Turkey,  Lebanon, Montenegro, Mexico, Portugal, the United Kingdom, Greece, Romania  Grenada, Russia, Sri Lanka, Sweden, Syria, St. Kitts and Nevis, Switzerland, Vietnam, Macedonia, Serbia, Iceland, Malta, the United States of America and Western Samoa.

What are the top tax havens for the world’s millionaires in 2020?2020-02-09T20:15:56+00:00

As of February 2020, the world’s top tax havens for millionaires include the Seychelles, Vanuatu, St Kitts and Nevis, Cyprus, Mauritius, Malta, Marshall Islands, Curacao, Liechtenstein, Cayman Islands, Samoa, Bermuda, Jersey and the British Virgin Isles.

Which countries look likely to launch Citizenship By Investment programs in 2021 and beyond?2020-02-09T20:17:01+00:00

As of February 2020, the list of countries that may potentially launch Citizenship By Investment programs (CIPs) in 2021 and beyond include Kenya, Albania, Mauritius, Greece, as well as Bosnia and Herzegovina, North Macedonia, Tonga, Kirbati, Samoa, Micronesia, Palau, the Solomon Islands, Marshall Islands and even Russia.

What are the cheapest Citizenship By Investment Programs in the World in 2020?2020-05-09T11:05:29+00:00

As of February  2020, the cheapest direct citizenship by investment programs in the world include Turkey (USA E2 Visa Program and UK Turkish Businessperson Visa Program eligibility) , Montenegro, Moldova, Grenada (E2 Visa eligible), Antigua and Barbuda, St Lucia, St Kitts and Nevis, Dominica and Vanuatu.

Where can’t Syrian nationals apply for second citizenship by investment in 2020?2020-02-08T11:58:14+00:00

As of 2020, Syrian nationals can’t apply for second citizenship by investment in Vanuatu and Malta.

Where can Sudanese nationals apply for second citizenship by investment in 2020?2020-02-08T11:57:25+00:00

As of 2020, Sudanese nationals can apply for second citizenship by investment in Dominica

Where can’t Yemeni nationals apply for second citizenship by investment in 2020?2020-02-08T11:56:49+00:00

As of 2020, Yemeni nationals can’t apply for second citizenship by investment in Antigua and Barbuda and Vanuatu.

Where can Yemeni nationals apply for second citizenship by investment in 2020?2020-02-08T11:55:59+00:00

As of 2020, Yemeni nationals can apply for second citizenship by investment in Dominica.

Where can’t Somalian nationals apply for second citizenship by investment in 2020?2020-02-08T11:55:01+00:00

As of 2020, Somalis can’t apply for second citizenship by investment in Antigua and Barbuda and Cyprus.

Where can Somalian nationals apply for second citizenship by investment in 2020?2020-02-08T11:53:22+00:00

As of 2020, Somalis can apply for second citizenship by investment in Dominica.

Where can’t Iraqi nationals apply for second citizenship by investment in 2020?2020-02-08T11:52:17+00:00

As of 2020,  Iraqis can’t apply for second citizenship by investment in Antigua and Barbuda, Malta and Vanuatu.

Where can Iraqi nationals apply for second citizenship by investment in 2020?2020-02-08T11:51:08+00:00

As of 2020  Iraqi nationals apply for second citizenship by investment in Dominica.

Where can’t Afghan nationals apply for second citizenship by investment in 2020?2020-02-08T11:50:23+00:00

As of February 2020, Afghan nationals can’t apply for second citizenship by investment in Antigua and Barbuda, and Saint Kitts and Nevis.

Where can Afghan nationals apply for second citizenship by investment in 2020?2020-02-08T11:49:25+00:00

As of 2020, Afghan nationals can apply for second citizenship by investment in Vanuatu.

Where can’t North Korean nationals apply for second citizenship by investment in 2020?2020-02-08T11:48:09+00:00

As of 2020, North Koreans can’t apply for second citizenship by investment in Antigua and Barbuda, Saint Kitts and Nevis, Cyprus and Malta.

Where can North Korean nationals apply for second citizenship by investment in 2020?2020-02-08T11:47:20+00:00

As of February 2020, North Koreans can apply for second citizenship by investment in Dominica.

Where can’t Iranian nationals apply for second citizenship by investment in 2020?2020-04-22T20:06:08+00:00

As of February 2020 Iranians can’t apply for second citizenship by investment in Antigua and Barbuda, Saint Kitts and Nevis, Malta, Saint Lucia and Vanuatu.

They can only gain economic citizenship in Cyprus, or via the Turkish Passport By Investment Program.

Where can Iranian nationals apply for second citizenship by investment in 2020?2020-04-22T20:09:35+00:00

As of 2020, Iranians can apply for second citizenship by investment in Cyprus and Turkey only. Cross-border money transfers remain a key challenge for affluent Iranians, however one Swiss-based firm offers a legal, proven solution. Contact us for more information.

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