⤅ Alternatives to Citizenship by Investment, ⤅ The Best Passport vs. a Passport Portfolio. St. Lucia was the first Caribbean country to offer a discount in response to COVID-19, lowering the investment minimum for its government bonds option. That said, if you’re looking for the oldest-running program that has heritage and stability, this could be a good program to go for. However, access to China, Russia, and the USA could make the higher price tag worth it depending on your needs. Your team down here is just great! Residency By Investment Programs offer to you to settle in, or expand your business opportunities in Europe, or obtain visa-free travel within the Schengen zone, Mann’s Solutions offers an expert solution in acquiring an EU residency for an entire family in just 3-6 months, depending on the country of your choice. After that, it takes one year to issue your Malta passport. There isn’t much to the program, really. Today, you can invest the Turkish lira equivalent of. into real estate – and hold it for three years – to become Turkish in a matter of months. th It would take you at least 20 years to get citizenship in a country like Andorra. Residency By Investment (a.k.a. As a result, most of the Caribbean passports offered deep discounts through the end of 2020. The first one is the classic donation, the minimum is currently, and will only get you citizenship after three years. I do not get the tax free thing on personal income in granada.. Unlike Malta’s straightforward residence options (especially the Global Resident Programme), Malta’s citizenship by investment program is rather complex. Dominica’s citizenship by investment program here, Grenada’s citizenship by investment program here, Antigua and Barbuda’s citizenship by investment program here. The first is the prospect of EU ascension. Honestly, I was satisfied at all levels including legal, contractual, property purchase & price, payment terms, relationship with Counsel, Local Banking and local coordinator. We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. Now, let’s move out of Europe and into the Americas, namely the Caribbean. The requirements have always been simple: you can donate money to a government development fund, or you can buy “approved” real estate. YOU are the most important piece of the ‘best citizenship by investment’ puzzle. Hi there! Plus, the real estate option involves extra government fees. Peru and Colombia are better options for (quicker) residency-to-citizenship, imo. , but that price tag has reverted back to the original $195,000. How can a Nigerian family get citizenship by investment or donation … Very important visa free to USA, UK, Dubai and china, Hello, please let me know your idea about Portugal golden visa and citizenship if u have any experience. Residency by investment is not the same as citizenship by investment. The answer is in the name: citizenship you obtain by making an investment. Residency by Investment Whether you want to settle in, or expand your business opportunities in Europe, or obtain visa-free travel within the Schengen zone, Astons offers an expert solution in acquiring an EU residency for an entire family in just 3-6 months, depending on the country of your choice. While I didn’t have to pay for it, it was not exactly easy. The Hurricane Relief Fund is no longer available but the lower price remained. They wanted visa-free access to several countries in Latin America. is relatively straightforward, but naturalization is extremely tough to come by. and not only cost less but do not come without the baggage of a crumbling bloc of mostly socialist countries. While the country’s formal Citizenship-by-Investment Program was suspended in 2002, there are as yet various alternatives for investors keen on moving to Belize. st Russia did not create a citizenship program and the Comoros program no longer exists? Hi Ali, here is how we can help: https://nomadcapitalist.com/shop/nomad-strategy-call/. Immigrant investor programs are programs designed to attract foreign capital and businesspeople by providing the right of residence and citizenship in return. , Dominica now has competition at this price point for solo applicants, but unlike other CBI programs, it does have a longer track record of being in operation to show for itself. I would like to read your analysis on that, Your email address will not be published. In addition to the donation, you must also invest €150,000 in Maltese government bonds — or occasionally Maltese stocks — for a period of five years. According to the latest statistics issued by SEF, the Portuguese Golden Visa programme appears to remain untouched by the global pandemic. Very professional and quick, with Nancy in the Dominica being very responsive and efficient, It was my great pleasure to work with you and La Vida team including Catarina... All went well so far and hope we would conclude the investment next month as planned; I also wish the investment will serve the main purpose of having a citizenship at the end. This is a middle-of-the-road passport with decent travel privileges. If you purchase property in the more popular coastal area, the investment requirement goes up to, The first is the prospect of EU ascension. Vanuatu’s citizenship by investment program here. Update 2020 – Due to the questionable actions of certain government officials in Cyprus, the Cypriot citizenship by investment program has been shut down as of November 1, 2020. But if you are a six-, seven-, or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money, and simply getting the few extra things that Malta could give you elsewhere. Kind regards. why think of an option at the expense of portugal passport. And if you are in no particular rush, residence by investment could give you a solid path toward citizenship via naturalization after making an investment in exchange for residence in any number of countries. Robert Kiyosaki Quotes on How the Rich Choose Friends, What to Do When “America First” Outlives Trump, Opportunities to Hire, Invest, and Bank in Armenia. Yet, we still think it’s not solid enough to stand on its own as a replacement for a Tier A passport. I would go to the “apply” section and many links posted by Andrew on other comments. Sir how r u sir i m businessman my weaving indusrty in pakistan i m interested purchase passport with family me my wife and 1 daughter 13 years old country is belize sir urs say the up $ 40,000 of buying passport belize but tell me plz how long the process time colect passport and how much give visa free country belize passport holder plus urs fee plz complete information send me this mail, I’m disappointed that Bulgaria was not included. Slovenia Investment Residency Program 2021 While Slovenia doesn’t have a formally packaged Golden Visa program, the country does offer a path to actual residency by business investment. So, we helped him apply in a country that was more open to someone in his situation. If you’re not a US citizen, you are less likely to need a second passport in order to reduce your tax obligations. Or do you simply want to work towards a passport in a cheaper way? Your spouse and children require an additional €50,000 donation per person, as well as any adult children up to 25 years old and dependent parents. Its relatively low minimum investment, as well as easy access to the USA and the UK, make it a decent addition to a passport portfolio (something we help people create). St. Kitts and Nevis used to be the only game in town, but it has lost its luster since losing visa-free access to Canada in 2014. Here is the link https://nomadcapitalist.com/apply, Hi – We are looking at citizenship by investment option. This replaces the previous requirement to invest €150,000 in government bonds. However, we would suggest that anyone getting an economic citizenship consider getting a “real” second passport as well, and that other passport might also offer those benefits, thus making Grenada redundant. If you increase your donation to, The final component is to purchase or rent a. home as proof of an established connection to Malta. For those who want the best of the best and are willing to do proper tax planning, Malta is located within the European Union, granting the added bonus of EU citizenship alongside the sovereign nation citizenship. There was almost a new program every year – Cyprus, Antigua and Barbuda, Grenada, the programs began to roll out. Canada visa travel doesn’t work for Antigua anymore. Well, this is where it comes into play. Here at Nomad Capitalist, we approach second citizenships from the mindset of an investor: you should never keep all your eggs in one basket. Montenegro followed Malta’s example and created a hybrid system that requires a donation and an investment. Thank. Yet, since it’s quite a new CBI program, it’s going to be interesting to see how it plays out. If you purchase real estate in the less-populated skiing and agricultural regions in the north, you must invest at least, . Full family residency Grenada’s most interesting features are visa-free access to Russia and China, as well as being the only Caribbean CBI to be part of. One of its main pros is access to the UK and Ireland, which its historical ties to these islands grant it. Plus, Dominica has also lowered its prices for all family sizes: • Single applicants will continue paying $100,000, • Married couples will pay $150,000 (down from $175,000), • A family of 4 will pay $175,000 (down from $200,000), • Additional dependents will still cost $25,000 per person, and adult siblings $50,000. It’s guaranteed! Simply flawless. But that’s at least €690,000 that you’re not going to get back. For the sake of simplicity, we’re going to consider three citizenship by investment programs to be European: Malta, Montenegro, and Turkey (Cyprus canceled its program on November 1, 2020). It has also not taken the neutral, middle-of-the-road approach to its partnerships nor to its applicants. Malta is the ultimate example of ‘you get what you pay for’ as it comes with a lot of great benefits. St. Kitts and Nevis runs the original economic passport program, in operation since 1984. The Cayman Islands residency programme is suitable for highly successful investors and entrepreneurs who live very international lives. It’s definitely worth considering, even though it’s no longer the only game in town. Plus, the real estate option involves extra government fees. Please inform me about any free citizenship program free/lowest fees . Basically, it offers a simplified procedure to live part-time in the US as a business owner, and that makes it rather attractive to many people. The Commonwealth of Dominica delayed their price increase until 2017. We won’t be giving you a ranking system that you can skim over and then pick the number one option merely because it’s at the top of the list. Once you are a lawful permanent resident, you can then naturalize once eligible. I was most disappointed to discover that CIBC (Caribbean bank) would not open bank accounts for people who had acquired citizenship by investment in St Kitts. This would allow them to work toward a Tier A citizenship via naturalization in a few years while also having a desirable residence permit somewhere like the European Union. You won’t, however, get visa-free access to the UK, Ireland, the US and a few rather important countries. Everyone’s passport portfolio will be different and can be filled with passports obtained in various ways. We recently had a client who was engaged in a civil lawsuit, making it less likely that a Caribbean country would accept him. only an informative here in Brazil directly 6millions of people can request Italian citizenship and indirectly counting with children and husband or wife about 30 million of abitantes, in the state of santa catarina approximately 3,500 people can apply for citizenship in luxemburgo, already I am taking the Italian and Soon I’m going to Chile that has a citizenship program for proof of income for investment, even though it’s great and I do not need to be too stuck in Chile, I can travel a lot. In January 2017, Turkey introduced an economic citizenship program in an effort to prop up their beleaguered economy. I’d recommend a different passport since the Canada thing and other attention over the years. VERDICT: Malta has a great passport and gives you a lot of privileges, but that also means there are more strings attached. The E2 visa is a non-immigrant visa, so it is temporary and does not lead to lawful permanent residence. Then, To be clear, economic citizenship is for people with a pressing need to have another passport. . Entering Belize for the first time – with a tourist card The key is to diversify across different country characteristics. Unlike the other methods for obtaining citizenship – birth, naturalization, marriage, and descent – citizenship by investment operates like a business transaction. The first one is the classic donation, the minimum is currently €690,000 and will only get you citizenship after three years. Remember what we said about individual needs and wants? If a passport’s value were wholly defined by its travel privileges alone, the United States would have among the world’s best citizenships and no one would be calling us to ask for help renouncing their US citizenship. When something was promised to be sent in the future then it was delivered on time. Yes, we’ll definitely recommend you to our friends and family. Great communication and exceptionally helpful compared to other citizenship service providers I have been in touch with. It does reject applicants and it has proven that it’s capable of revoking citizenships (unlike Cyprus). A passport portfolio is a collection of several different passports that work together to expand your visa-free travel privileges, relieve your tax burdens, increase your privacy and freedom, help you gain access to investment opportunities, give you political diversification, and more. All in all, Antigua and Barbuda offers an interesting passport program (we’d give it a B+) with several investment options, but it has been leveled by also losing visa-free access to Canada (just as St. Kitts did earlier). It’s also a good option if you’re interested in doing business in the UAE or Russia. These are also known as citizenship by investment, golden visa, or golden passport programs. So, if you feel comfortable doing that, you can obtain your passport this way. The sole reason for refusing to open a normal bank account was that they apparently did not regard such people as proper/valid citizens even though they owned expensive property on St Kitts. Because of this residence requirement, it takes approximately 15 months (minimum) to obtain citizenship by investment in the country, the longest timeline of any CBI program. Belmont House, Belmont Road, Uxbridge, UB8 1HE. I wonder if you can assist in my application. Yet, we still think it’s not solid enough to stand on its own as a replacement for a Tier A passport. However, I do think having a second passport is worthwhile for anyone doing business or investing, particularly cryptocurrency investors as new laws unfold all around the world. Now, considering the price tag, what are the benefits of Montenegrin citizenship? After 9/11, though, only Dominica and St. Kitts and Nevis stuck around. The CBI program popularity has never been higher. In fact, it’s one of the longest naturalization timelines on earth. To get residency by investment in Ecuador, you only need to invest around $27,000 in real estate or an Ecuadorian bank, or you can invest $30,000 in certain types of industry. The Best Passport vs. a Passport Portfolio. But if you are a six-, seven-, or eight-figure global citizen running a business, you might be better off going somewhere else, saving a lot of your money, and simply getting the few extra things that Malta could give you elsewhere. Andrew Henderson is the world's most sought-after consultant on international tax planning, investment immigration, and global citizenship. If you have a (large) family, other countries will work better for you, but Saint Lucia is one of the. To do this, you can either buy a property that is worth €700,000 or more (an actual investment) or enter a five-year lease that is worth at least €16,000 per year, bringing the total five-year amount to €80,000. This would allow them to work toward a Tier A citizenship via naturalization in a few years while also having a desirable residence permit somewhere like the European Union. Just don’t forget that Dominica has additional fees that apply when one chooses the donation investment route. St. Kitts and Nevis’ citizenship by investment here. Antigua started its citizenship program in 2012 with a unique requirement: citizens must live there for 35 days out of the first five years. Learn more about Antigua and Barbuda’s citizenship by investment program here. I would certainly recommend La Vida to my friends. Finally, there are three programs that offer a passport in exchange for investment. Dominica’s COVID discounts are especially interesting if you have a large and extended family that you might want to add to your citizenship application. Thanks a lot! While many Chinese, Arabs, Russians, and Indians may prefer an EU passport, westerners realize that “Tier B” passports (with good, but not great, travel privileges) are the wave of the future and not only cost less but do not come without the baggage of a crumbling bloc of mostly socialist countries. I would like to express my gratitude to Mr. Daniel Twomey as he was of great help to us in our process of applying for Hungary Residency, he always responded to e mails, phone calls even during weekends. You make a donation (and now, more recently, you can also invest in real estate) and they’ll give you a passport in just two to three short months. Key Investment Requirement: The third way you can meet the “Qualifying Investor” criteria to apply for Panama permanent residency is by making a fixed-term deposit of $750,000 with a Panamanian bank. The price was within reasonable range relative to competitors. Thanks again for your support! Very good service , and special thanks for Mr Paul Mandrinos for the advice he gave me to obtain Saint Lucian passport , and thanks to Jude Clemoes for all the support along the process. It’s also got a solid reputation. There was immense competition among the Caribbean CBI programs in 2020 as the global COVID-19 epidemic grounded most of the world’s planes and left the tourism-dependent islands stranded and hurting for cash. VERDICT: Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia, and the United States. And they’ve loved the remoteness and the privacy that Vanuatu has been able to give them. Residency By Investment ABOUT NEW BRUNSWICK New Brunswick is one of four Atlantic provinces on the east coast of Canada, consists of eight cities and is the eighth-most populous Canadian province. It also offers the standard access to the United Kingdom, Ireland, and, more recently, Europe. . These so-called economic citizenships are largely valuable to three types of people. Dominica started its program back in the 1990s and has earned itself the title of offering the best value passport out there. It’s just a matter of time!”. In response to COVID-19, St. Kitts created a limited-time offer of $150,000 for a family of four, but that price tag has reverted back to the original $195,000. Fast forward another decade, however, and things began to change once again. Grenada does charge a premium, but you may find the extra investment worth it for access to China, Russia, and the United States. Over 100 countries in the world have some form of investment migration legislation in place. We currently hold Indian passport, Interested. ⤅ Who Might Need Citizenship by Investment? when you count the government donation and agent fees payable to a local in-Vanuatu. Unfortunately, Paraguay has no expedited options for naturalization (citizenship) and its residency requirements alone stand at 3-years. US citizens who wish to quickly renounce their citizenship may benefit from pursuing a second citizenship by investment. Hello Robert, I just wanted to know as I am interested in Panama residency and then naturalization: is it possible to retain my original nationality when naturilizing panamean or I have to renounce to my original one ? That’s not a good way to pick anything in life – and especially not a second passport by investment. "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, The 12 Citizenship by Investment Programs Available Now, Malta’s citizenship by investment program here, Montenegro’s citizenship by investment program here, Turkey’s citizenship by investment program here. EU Schengen Zone Travel 2021. It is a tax-friendly place where it’s easy to do business and Andrew personally enjoys spending his summers there. Please tick above to confirm funds. While the discounts are no longer on offer, many of these programs remain attractively affordable. The price of $150,000 for single applicants has remained the same. They’ve taken efforts to correct their pricing due to recent price wars, but it’s still intentionally overpriced. That makes it a winner in our books. Additionally, Montenegro is also one of only five current CBI programs that offers visa-free access to Russia. I am still an American citizen and I still live in Panama. Managed documentation in less than 3 weeks.Will recommend. From start to finish including visa processing times (for those requiring it), the Paraguayan naturalization process is closer to a 4.5 to 5-year process. He had over $100 million and was willing to pay $800,000 to get European citizenship immediately, Solution: Citizenship by investment in Malta. After you make the donation of €100,000, you will need to make an investment in government-approved real estate in one of two tiers. Update 2020: Cyprus canceled its citizenship by investment program on November 1, 2020. What about Bulgaria. Now, it’s $150,000. VERDICT: We like Vanuatu and see potential for tax-free residency seekers, but the passport program is overpriced and too confusing. The business investment isn’t a “come and run your own business” scenario. Hi, what would be the best choice to get a Moroccan family a European country citizen ship? Can you please elaborate on the following statement in the article. Thanks. ), Malta’s citizenship by investment program is rather complex. Turkey is the only citizenship by investment program that allows you to invest in any real estate you want. That is, as long as you’re willing to pay a bit of a premium to buy the government-approved real estate and toss in a donation. Citizenship by investment is a means to secure a second citizenship and passport in another country by investing in its economy. Golden Visa programs like those in Portugal and Greece will eventually yield a second passport, but it will take at least five years or more. If you can add a Tier A citizenship to your passport portfolio through one of the other available methods – for instance, Italian or even Irish citizenship by descent – you won’t need to spend $1 million or more to add an EU passport like Malta to your portfolio. Quite frankly, we would prefer Montenegro never join the EU and remain an independent country. 2021. Actually, the lure of being isolated geographically and hence different from Caribbean programs could be a game-changer for some. This is exactly the reason why Chinese and Arab citizens are the largest investors in citizenship by investment programs. Is your goal to add travel benefits or improve your quality of life? The less scrupulous people in the citizenship industry often say, “It’s imminent! Finally, while you’re on your quest for a second passport, it is important to note that the opportunities for citizenship by investment are constantly changing. Their geographic region Cyprus canceled its citizenship by investment program out there partnerships nor its.... January 1 St 2021 to issue your Malta passport time i comment Schengen country that was more open someone! Africa anymore long Road to a top 1 or 2 rated passport to your inbox is to! Is 5.91 crore Indian Rupees … on various dependents to the country 13... And be residency by investment of its nature that grants access to all six big English-speaking countries, the! Is worth your consideration program on November 1, 2020 filled up and.! First step can achieve deeper diversification by creating a portfolio of passports tax-free seekers..., your email address will not be published then it was delivered on time EU that offers visa-free out. 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