Madonna Invests for Portuguese Golden Visa

October 17th, 2017   •   Investment, Real Estate   •   Comments Off on Madonna Invests for Portuguese Golden Visa   

Sintra, Portugal Queen of Pop Madonna has been very vocal on her social media pages recently about her move to Portugal and her Golden Visa application. The pop star has invested in an impressive property in Sintra, Portugal, which was formerly a palace. The property investment is reported to have cost her €7.5 million euros and is currently undergoing renovation works. Whilst she waits for her new home to be completed, Madonna has been staying in the highly luxurious presidential suite of the Pestana Palace hotel in Lisbon.

Her recent relocation to Portugal was triggered by her sons new venture with the Portuguese junior football team- Benfica. Son David Banda, from Melawi, was adopted by Madonna and ex-husband Guy Richie back in 2006 and is now 11 years old. It is reported that David and his siblings will attend the international French Lycee school in Lisbon.

Madonna has posted a number of times on Instagram in recent weeks about her families new life in Portugal and their wait for their new residency visas to be granted. It is also said that she has had a private meeting with the immigration authorities, SEF, where her application is being treated as an exceptional case. Madonna’s unique celebrity status is projected to boost Portugal’s tourism and economy, bringing a lot of exciting new attention to the country.

Portugal has attracted a number of high profile celebrities in recent years including former Manchester United Football Club player Eric Cantona and French fashion designer Christian Louboutin just to name a few. The Portuguese Golden Visa programme requires international investors to purchase property priced at €500,000 which is more than possible for such high net worth individuals.

Another attractive aspect of investing in Portugal is the Non-Habitual tax regime, which gives foreigners huge tax advantages and the scheme exempts some pensioners from taxes altogether for 10 years.

If you wish to follow in Madonna’s footsteps and invest in Portuguese real estate for the Golden Visa, please do not hesitate to get in touch.

Dominica Reduce Citizenship Fees

October 2nd, 2017   •   Citizenship, Passport   •   Comments Off on Dominica Reduce Citizenship Fees   


Dominica Reduce Citizenship by Investment Fee'sThe Government of Caribbean island Dominica, have significantly reduced the application fees for their citizenship by investment programme by 50% for those opting for the real estate option.

A single applicant would previously have paid $50,000 in government fees, but these are now set at just $25,000 for a single applicant or $35,000 for a family of four, making the programme even more cost effective than it previously was.

The Dominica donation option remains the same and starts from just $100,000 for a single applicant + costs. This is one of the lowest priced citizenship by investment programmes in the world and it has been hugely popular because of this.

A second passport in Dominica will grant one visa free travel to over 118 countries worldwide including the EU Schengen zone, UK, Hong Kong and Switzerland. It offers a great solution for those simply looking to broaden their travel opportunities at a low cost.

As well as the reduced fees, Dominica have also increased the age limit for dependent children, which means that the main applicant can include children up to the age of 30 years old.

Despite the recent hurricane which sadly hit Dominica last month, the government’s Citizenship by Investment unit remains open and in full operation, which is a great reflection of this island’s strong resilience and efficiency.

Contact our consultants for your free consultation and a quotation.

Portugal Property Prices Predicted to Increase 5% p.a

September 27th, 2017   •   Economy, Investor Visa, Portugal Golden Visa, Real Estate, Rental Income   •   Comments Off on Portugal Property Prices Predicted to Increase 5% p.a   

Portugal RICS Property price index report graphAccording to the latest RICS property price index report for August 2017, the Portuguese market remains in a very strong position.

The most promising news is that house prices have been predicted to increase by 5% per annum for the following five year period which is extremely encouraging for Golden visa investors.

Compared to the previous report published for June 2017, the figures for August have risen across the board for both house price increases and new sales enquiries. The sales expectations for the coming three months ahead has also risen. This sits in line with La Vida’s personal forecast as year on year the Autumn proves to be one of our busiest quarters for new investors buying in Portugal.

Due to a high demand yet a low of supply of property (particularly in Lisbon) prices continue to rise to meet this demand. The same has also effected the lettings market where rents remain on an upwards path with a steady rise of tenant enquires. It is predicted that rental growth will also continue over the coming three month period. This is great news for prospective landlords who are looking to invest for rental return.

In other areas, unemployment rates in Portugal have recently decreased to just 9.4% which is the lowest it has been since the 2008 recession. This is yet another positive reflection of how well the economy in Portugal is currently performing.

Despite the current shortage of property on the market, La Vida have an excellent choice of real estate to offer, with a vast selection of options in Lisbon, Porto, the Silver Coast and the Algarve.

As one of the market leading consultancies specializing in Investor visa’s, La Vida have the ability to assist investors with both the real estate purchase and the legal work which is involved in obtaining a Portuguese Golden Visa.

To speak with one of our expert consultant, please do not hesitate to contact us.

Five Simple Steps to Cyprus Citizenship

September 21st, 2017   •   Citizenship, Investor Visa   •   Comments Off on Five Simple Steps to Cyprus Citizenship   

5 Simple Steps to Cyprus CitizenshipThe citizenship by investment programme in Cyprus is not only the quickest EU citizenship programme available today, it is also one of the most straight forward options. The programme is a firm favourite amongst high net worth investors looking for a quick solution to gaining a second passport in the European Union which in turn give them the ability to live and work in any EU country. Not to mention the freedom of movement to over 158 countries globally.

The process could not be simpler and is achievable in just 5 simple steps. La Vida’s expert consultant’s will be able to assist investors every step of the way, from the real estate purchase, to the legal work and application. The process is as follows:

Step 1: Engage and Invest

Once La Vida have been appointed and our client facilitator agreement has been signed, the first step is to visit Cyprus. We will tailor a visit to suit, provide an itinerary, arrange property viewings and a meeting with a legal representative. Investors will need to select real estate to meet the required investment of €2,000,000 and place a reservation deposit on the property to begin the purchase. If it is not possible for investors to visit at this stage, they can select and reserve a property remotely with the help from La Vida and our legal team.

Step 2: Application submission

Following the investment, our legal team will begin the application for the main investor and spouse, undertake due diligence and prepare all the supporting documentation. On submission of the citizenship application a permanent residency permit will also be applied for which will takes less than 2 weeks to obtain. Every adult applicant is required to be the holder of a PR card for a period of at least 6 months prior to collecting their passport/national ID.

Step 3: Biometrics

Biometric data will need to be submitted, this can either be done during a further visit to Cyprus or it is possible to visit certain Cypriot embassies to submit the data. Locations such as London, Moscow and Pretoria can provide this service. It is also possible at this stage for investors to collect their residency permit cards.

Step 4: Approval in Principle- 3 months

The time frame set by the Government for the examination of the citizenship application is 3 months from submission. At this stage you will receive an ‘in principal’ approval certificate.

Step 5: Collect Passport

Following the approval in principle, once investors have held their PR cards for a total period of six months their new Passports/ID’s can be collected in Cyprus or at a Cyprus embassy. The total process will only have taken just over 6 months. It’s at this stage that the main applicant’s dependents can then apply for citizenship.

For more details on the Cyprus Citizenship by Investment programme and a free consultation with one of our advisors, please do not hesitate to get in touch.

 

Invest in Portugal’s Silver Coast…

September 5th, 2017   •   Portugal Golden Visa, Property, Real Estate, Rental Income   •   Comments Off on Invest in Portugal’s Silver Coast…   

Silver Coast Portugal With international investors mainly focusing their attentions on cities such as Lisbon and Porto, it’s no surprise that some of Portugal’s hidden gems are often getting overlooked, and the stunning Silver Coast of Portugal is one of them.

Just 35-45 minutes outside of Lisbon, the Silver Coast region is an outstanding area of protected natural beauty  boasting stunning landscapes, golden sandy beaches and crystal clear waters all the way along the coastline. The region is home to a number of traditional and charming Portuguese towns as well as a 5* multi award winning Golf and Beach Resort where a number of luxury properties can be found, attracting numerous high profile owners and celebrities. Nestled between two of the most popular Golf resorts in the region is also the historic town of Lourinha where Jurassic dinosaur remains were recently discovered. Plans for a new Jurassic amusement park are set to boost tourism in the area, with a prediction of an extra 200,000 visitors each year, a great prospect for those looking to generate a rental return on property in this region.

La Vida have a number of different properties to offer along the Silver Coast and a large number of these are offering a guaranteed rental return of 5% per annum for up to 3 years. Also included within this offer is up to 6 months of personal usage for the owner each year, making this an excellent option for those looking for both a personal holiday home and a rental property.

Price per square meter in this location is also extremely competitive at just €2,500 per square metre compared to central Lisbon where the average price per square metre is from €5,000 upwards. Just another factor why savvy investors should be considering the Silver Coast.

Contact La Vida’s experts for further details on both the Portuguese Golden Visa programme and our property options.

 

Antigua Reduces Fees for Citizenship

August 18th, 2017   •   Citizenship, Investment, Passport   •   Comments Off on Antigua Reduces Fees for Citizenship   

Antigua and Barbuda Government reduce feesThe Government of Antigua and Barbuda has recently reduced the application fees for the Citizenship by Investment programme. The Programme, which has been hugely popular for clients looking for a second passport, will now cost a family of four around $50,000 less in Government application fees than it would have previously.

The Government’s fees were previously set at $50,000 for the main applicant, $50,000 for a spouse and an additional $25,000 per each child, bringing the government fees for a family of four to $100,000. These fees are now half the cost with a flat fee of $50,000 for a family of four opting for the Real Estate investment. For larger families, additional dependants can be included for an added fee of $15,000 per person.

Those opting for the donation to the National Development Fund will pay even lower costs with a flat government fee for a family of four now fixed at just $25,000. Additional dependants for families larger than four can also be included for an additional $15,000 per person. Due diligence, passport and legal fees are also applicable for both routes.

The recent changes to these costs make the Antigua and Barbuda citizenship programme even more attractive, offering a very feasible solution to obtaining a second passport which will allow one to travel to over 130 countries world wide including the UK, Switzerland, Hong Kong and many more…

For your free consultation on the Citizenship by Investment programmes and a full personalised quote, please do not hesitate to contact our specialists today.

 

 

 

Positive Changes to Malta Residency Programme

August 10th, 2017   •   Bonds, Family, Investor Visa, Residency, Schengen Travel   •   Comments Off on Positive Changes to Malta Residency Programme   

Malta Indefinite Residency Programme Updates Last month we saw some very positive changes to the Malta Indefinite Residency Programme. The changes have made the programme even more attractive than it was previously, resulting in an incredibly feasible and flexible way to achieve EU Permanent Residency for the whole family.

One of the huge attraction’s of the programme is that the age limit for dependant children has now been abolished. Children over the age of 18 can be included no matter what their age, providing they are fully dependant on the main applicant. Another positive change is that if  dependant children loose their dependency status later down the line, (perhaps due to graduation or marriage) they can still retain their Permanent Residency status. Adoptive children can also be included as well as the main applicant and spouses dependant parents and grandparents. The Malta Indefinite residency programme is an ideal option for investors looking to include up to four generations of family.

Investment starts from just €370,000, making this a very affordable programme. The total investment for this programme needs to be made up from the following areas:

  • Investment of €250,000 into government bonds, refundable after 5 years
  • Additional contribution of €30,000 to Maltese government
  • Further €40,000 in legal and processing fees
  • Purchase or rent a property. (Minimum €270,000 purchase in Gozo, or €320,000 in Malta.  Or rental of €10,000 p.a in Gozo or €12,000 p.a in Malta.)

For more details on the Malta Indefinite Residency programme, please contact our team.

USA EB5 Investor Visa – Extend or Expire

July 30th, 2017   •   EB5, Investor Visa   •   Comments Off on USA EB5 Investor Visa – Extend or Expire   

USA-EB5-Investor-VisaOne of the most popular Golden Visa programmes worldwide, the US EB-5 investor visa is set to expire on September 30, 2017. The US Congress voted to temporarily extend the programme back in April 2017. Since Donald Trump has been inaugurated as US President it is not clear at this time what his views are on the EB5 programme and there is uncertainty whether the programme will continue.  The EB-5 immigration program hands out green cards to foreigners who invest at least $500,000 and create 10 jobs in the U.S.

Currently a limit of 10,000 EB5 visas are issued each year, 85% of those to Chinese nationals. Investors can get Green Cards through investing $500,000 in areas labelled as “high unemployment” or $1 million in areas without that classification. Several proposals were made in January 2016 by the Department of Homeland Security including raising the limits to $1.3 million and $1.8 million and reclassifying areas designated as high unemployment on the basis that most areas seem to have crept into this classification.

Recently two Representatives Chuck Grassley and Dianne Feinstein introduced proposals to end the EB-5 altogether, although it is generally felt that this will have little chance of success. It would be difficult for Donald Trump to criticise the program as several Trump branded projects appear to have benefitted from EB-5 investment over the years. However with the recent travel ban introduced on six predominantly Muslim countries and Trump’s proposed hard-line stance on China, the outcome of any review remains uncertain.

Any change or end to the programme is likely to send investors and applicants scurrying for other golden visa programmes. The US programme is the largest in the world and in itself exceeds the numbers generated by all the European programmes put together. The US EB-5 programme for now remains open and the likelihood is it will be extended in some shape or form after the September 30th deadline. However potential applicants would be wise to progress ahead of any changes and also consider any potential knock-on effect to alternative programmes in Europe and the Caribbean.

Cyprus Economy Continues to Grow

June 5th, 2017   •   Citizenship, Cyprus, Economy, Property   •   Comments Off on Cyprus Economy Continues to Grow   

The most recent RICs property price index report shows more promising signs of economic growth in Cyprus. With improved confidence in Cyprus’ banking system, resulting in higher transactions taking place in the final quarter of 2016, the Cypriot economy is once again looking up. Last year, the economy saw an overall GDP growth of 2.9%, which was a great example of how successful the Golden visa programme is proving for the country. According to the Minister of Finance– approximately two thousand golden visa were issued to non-EU citizens last year, equating to around 4 billion euros worth of investment, which in turn makes up around 25% of Cyprus total GDP.

Compared to Q4 of 2015, rental values have also noticeably increased by 6.6% for apartments, 8.7% for houses, making the average rental yield between 3-4% p.a.

The countries Citizenship by Investment programme still holds it’s place as Europe’s quickest CBI programme. Following an investment of €2,000,000 + costs, it is possible to obtain an EU passport within just 6 months which in turn allows one to live, work or study anywhere in the EU.

Paphos luxury apartments DomusLa Vida have a wide selection of real estate investments to offer in Cyprus, including the following brand new project which has just recently been launched in the popular area of Pafos. Citizenship investors could consider purchasing a number of properties in this particular development to total the required amount of €2,000,000. With prices starting from just €240,000, this project also offers excellent choices for Permanent Residency applicants too. The developers are also offering a guaranteed rental programme of 3% p.a for a three year period. An ideal option for those who are looking for a low maintenance investment which will generate a steady ROI.

 

If you would like further details on either the citizenship by investment programme or the available real estate projects, please do not hesitate to contact us.

Access USA and China via Grenada Citizenship

April 18th, 2017   •   Business, Investment, Passport   •   Comments Off on Access USA and China via Grenada Citizenship   

Caribbean

A Grenada passport comes with a number of benefits, mainly the visa free travel to over 117 countries worldwide which includes popular destinations such as the EU Schengen zone, UK, Hong Kong, Singapore and most uniquely, China. In fact, Grenada is the only Citizenship by Investment scheme currently on the market which offers visa free access to China, making it a very popular option for business people with ties to china.

In addition to visa free travel to China another key advantage with Grenada is the E2 Treaty with the USA. This treaty offers Grenadian citizens and their family the opportunity to reside, work and study in the USA in return for an additional US business investment.

The E2 visa from the USA is not open to every country. For example India and China are two countries that are excluded. However by investing first in Grenada and gaining Grenadan citizenship and a passport, investors can then apply for an E2 visa.

The E2 visa lasts initially for 5 years and can then easily be renewed every subsequent 5 years, providing the visa holder complies with the rules. To obtain an E2 visa, applicant’s must make a “significant investment” into a US business. Significant, meaning at least a 50% interest and the business investment can be a simple $150,000 franchise, for example.

Unlike the EB5 (Green Card) programme, E2 visa holders do not have to reside for long periods of time in the US, so do not automatically become US tax payers, and in certain circumstances do not need to become such.

Both the E2 visa treaty and the visa free access to China really set’s Grenada apart from all other Citizenship programmes, not to mention the stunning white sandy beaches and crystal clear water of the Caribbean itself.

If you would like to find out more, please do not hesitate to contact our visa experts today.