Introducing Malta’s Indefinite Residency Scheme

March 16th, 2017   •   Bonds, Investor Visa, Residency   •   Comments Off on Introducing Malta’s Indefinite Residency Scheme   

Malta Indefinite ResidencySince the Hungarian Government recently closed it’s residency scheme, we have received many enquiries from investors looking for a similar option. La Vida recommends that clients who missed the Hungary deadline to turn their attention to Malta.

The Maltese Indefinite Residency programme offers international investors permanent residency in exchange for a total investment of just €370,000. This scheme is very flexible and highly comparable to Hungary with some added benefits.  Along with dependent children up to the age of 26 years old and dependent parents, Grandparents can also be included. This is rare for many of the other  European investor visa programmes.

The programme requires the following investments to be made:

  • €250,000 into government bonds for 5 years
  • €30,000 contribution to the government
  • €40,000 processing and legal fees
  • €10,000 p.a for 5 years rental agreement or property purchase of €270,000

Like with any investor visa scheme, we would like to remind you that governments can end the programmes at any time, like they did in Hungary. If you are seriously considering an investment, time is of the essence.  Contact our experts today if you would like to proceed or need further information.

USA EB5 Investor Visa – Extend or Expire

March 7th, 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 April 28, 2017. The US Congress voted to temporarily extend the programme back in December 2016. Since that time Donald Trump has been inaugurated as US President and it is not clear at this time what his views are on the EB5 programme. The EB-5immigration 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 April 28th 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.

Golden Visa Property Surge in Portugal

February 15th, 2017   •   Economy, Portugal Golden Visa, Property, Real Estate   •   Comments Off on Golden Visa Property Surge in Portugal   

Portugal-House-Price-Index-ChartAccording to Portugal’s National Institution of Statistics, a recent report shows that in the third quarter of 2016, house prices had risen by 7.6% compared to the previous year, with a growth of  1.3%  just from Q2- Q3 of 2016 alone.

In the period of July- September 2016, Portugal saw an impressive 31,535 property transactions; a 15.8% increase compared to the same period in the previous year. These sales generated a total value of €3.6 billion! The area responsible for the largest proportion of sales was Lisbon, accounting for 34% of the whole country’s property purchases.

The market has been steadily growing since the economic crisis back in 2012/13, and property prices have shown significant signs of growth in the past few years. Since Q1 of 2013 we are now looking a total property price increase close to 14%. There does not seem to be any sign of these rises slowing down either, with an average appreciation rate of around 4-5% per annum.

The Golden Visa Scheme is certainly one of the major contributing factors for these price increases, as Portugal has seen a great boost in their economy since the introduction of residency visa programme back in Oct 2012. The visa programme remains strong, and is still one of our most popular schemes for those looking for a flexible residency scheme in Europe with the opportunity to apply for citizenship after just 6 years. For more details on this programme please contact our experts.

 

Cyprus Real Estate Shows Growth

February 7th, 2017   •   Cyprus, Investor Visa, Property, Real Estate   •   Comments Off on Cyprus Real Estate Shows Growth   

cyprus-real-estate-shows-growth According to the most recent RICS Property Price Index Report for Cyprus in 2016, there has been some promising signs of growth within the real estate market. Paphos was one of the strongest regions with an average price increase of 1.77% on residential houses. The prices of flats also rose steadily in Limassol at a rate of 1.4% on average; and there was an overall growth of 1.6% for holiday apartments throughout Cyprus.

Rental values have also increased across Cyprus by 0.7% for apartments and 3.3% for houses. The average ROI for rental property now stands between 3-4% per annum.

It seems that the economy and real estate market are finally stabilizing following the economic crisis back in 2013 and according to a recent report from KPMG this is primarily a result of the government’s Citizenship by Investment scheme. In the first two quarters of 2016, the total number of property deeds of sales increased by over 28% in comparison to 2015.  Tourism, financial services and real estate account for nearly 80% of Cyprus’s GDP, so a rise in the property market will have a great effect on lifting the overall economy.

Now that the market seems to have bottomed out in most area’s, there has never been a better time to buy in Cyprus with great potential for future capital appreciation. We foresee further price rises in 2017, making it an excellent time to buy.

Cyprus remains the fastest Citizenship by Investment programme in Europe offering investors a second passport within just 6 months following a real estate investment at €2m. Dependent children up to the age of 28 years old can be included under a family application and grandparents can also be included for just an additional €500,000. The real estate investment must be held for 3 years, after which investors only need to retain a residential investment of just €500,000 for the future.  As Cyprus is a full EU member a passport here will enable one to live, work and study in any EU country, currently still including the UK.

For more details on this scheme, please contact our specialist consultants today for further advice.

How to get Residency or Citizenship in Europe through Investment

January 14th, 2017   •   Passport, Residency   •   Comments Off on How to get Residency or Citizenship in Europe through Investment   

The new golden visa programmes in Europe have made it possible to get residency and citizenship through investment in real estate. Countries such as Cyprus, Spain, Portugal, Greece and Malta now offer this attractive benefit to high net worth invdividuals who invest in property in these countries.

We have highlighted below a brief description of the opportunity in each country along with the basic requirements such as how much to invest. However, for a full understanding of these options please contact one of our consultants.

Cyprus

Cyprus offers two programmes, one for permanent residency and one for citizenship. The residency programme requires an investment of €300,000 in real estate. For citizenship and an immediate second passport investment of €2 million is required. Both programmes are flexible for family qualification allowing parents, grand parents and children to qualify.

Read More: How to apply for residency and citizenship in Cyprus.

Portugal

Portugal offers a residency scheme through investment of €500,000 into real estate. This programme grants temporary residence to the investor and their family providing the investment is maintained and renewed every two years. After five years applicants can then apply for permanent residence and after six years for citizenship and a passport.

Read More: How to apply for residency and citizenship in Portugal.

Spain

The Spanish golden visa programme requires investment of €500,000 into property. Applications are processsed quickly and residency can be gained in a matter of months. For citizenship investors and their families need to live in Spain for a minimum of 10 years.

Read More: How to apply for residency and citizenship in Spain.

Greece

The cheapest residency investment programme currently available in Europe is that of Greece, requiring investment of just €250,000 in real estate. Flexible rules apply for full family qualification across three generations.

Read More: How to apply for residency and citizenship in Greece.

Malta

Malta is unique in requiring investment in property and further investment contribution in the form of a government donation. However citizenship and a second European passport is on offer to those investing and waiting the 12 months or so it takes to obtain full citizenship.

Read More: How to apply for residency and citizenship in Malta.

 

Other countries have residency and citizenship investment programmes that are not directly linked to real estate. Contact us for further details on how to apply for and buy permanent residency and citizenship through investment in the UK, USA, Bulgaria, Hungary, Dominica, St Kitts, Grenada, St Lucia and Antigua.

 

St Kitts Citizenship Scheme Introduces New Age Limits

January 6th, 2017   •   Family, Real Estate, Residency   •   Comments Off on St Kitts Citizenship Scheme Introduces New Age Limits   

St Kitts Citizenship Investment ChangesAs from 1st January 2017 St. Kitts and Nevis have introduced a number of key amendments which will hugely improve the country’s Citizenship by Investment programme.

One of the most beneficial amendments is that older dependent children up to the age of 30 years old can now be included under the one family application. This is one of the highest age limits for children that we have seen across the various residency and citizenship programmes that we offer and can fill a gap in the market.

The age limit for dependent parents has also been lowered from 65 to 55 years old, offering more flexibility for family applications. And lastly dependent children born after citizenship has been granted and under the age of 16 will also be eligible for citizenship.

The St Kitts and Nevis Citizenship by Investment programme requires a real estate investment of €400,000 + costs and will grant investors and their family members citizenship within 3- 4 months. A St Kitts Passport will enable visa free travel throughout several key areas, including the Schengen zone, UK and Canada.

One of our most popular real estate investments projects  in St Kitts has been this 5* Hotel Resort. Here investors can expect to find high quality luxury hotel apartments with sensational views across the crystal clear Caribbean sea. For more details, please contact one of our consultants.

Programme Review and New Year Developments

December 13th, 2016   •   Real Estate, Residency   •   Comments Off on Programme Review and New Year Developments   

This year 2016 has proven to be a further step on the ever developing market for investor visa programmes. Demand is increasing for most schemes, many programmes have changed and further amendments are expected in 2017. With a Trump victory, Brexit and European immigration concerns we can expect major changes to continue into 2017 and 2018.

We have highlighted below some of the key developments in 2016 and expectations of change in the year ahead.

Portugal

The delays in SEF in processing golden visa applications in mid 2015 led to a drop in numbers. However a new fast track procedure introduced earlier this year has put applications back on track. The number of approved applications in 2016 looks set to be the highest ever running at over 2000 investors per annum. The introduction of a €350,000 limit for renovation projects is taking time to produce the necessary supply. Such projects are complicated and need to be fully managed. La Vida has sourced some interesting options for clients and we will see more of these in 2017. The property market is gaining strength in Portugal with price rises over the last three years now fuelling growth and demand. Developers are reluctant to offer discounts and the best properties are sold long before completion.

Cyprus

There were some key changes introduced in 2016 to the Cyprus citizenship and residency programmes.

The qualifying real estate investment level for citizenship was reduced from €2.5 million to €2.0 million. The timescale for achieving the pasport increased to six months as it is now necessary to hold residency (but not necessary to live in Cyprus) before being issued a passport. It still remains the fastest route to EU citizenship.

The residency programme was amended to include parents. Three generations can now be included for an investment of just €300,000 in real estate. A key benefit is that this is for Permanent Residency (PR).

Changes for 2017 could see Cyprus becoming part of the EU Schengen zone. Anyone obtaining the Permanent Residency before that point will no doubt retain it should Cyprus enter Schengen. The EU has not allowed any Schengen country to issue Permanent Residency immediately on investment. Should Schengen happen then we can expect some changes to the programme. Investors may be wise to act sooner to grab the benefits on offer.

The economy in Cyprus may well see a further boost in 2017 with the discovery of huge natural gas resources off the coastline and the development of its first casino under the Hard Rock brand.

Hungary

Political developments in Hungary could well see the end of the residency bond visa programme in 2017. It has been possible to obtain residency in Hungary through a €300,000 investment in government residency bonds. However Hungary’s nationalist opposition party Jobbik is seeking an end to the programme in return for its support on other matters. Parliament closes this week so unless change happens in the next few days we can expect no further developments until at least February 2017. Still time for any investor to get their application in ahead of any changes.

St. Lucia

We can expect changes in 2017 to the recently launched citizenship programme in St. Lucia. The scheme has been in operation less than 12 months but there is a new government in place and new ideas and our conversations with those close to the programme suggest a more coordinated and consolidated programme will be launched in 2017.

Spain

The Spanish government made some changes to its golden visa programme in 2016 but nothing that enables it to seriously compete with some of the better schemes on the market.

Dominica

The government is reaping the benefits of its $100,000 contribution limit. The caribbean countries are concerned that this is a race to the bottom in terms of sale of passports.

St. Lucia

Expect changes to the St. Lucia citizenship by investment program in 2017. A change of government has already led to a $100,000 donation offer until 31 March 2017.

 

Dominica Amends Age Requirements for its Citizenship by Investment Programme

December 13th, 2016   •   Citizenship, Investor Visa, Passport, Schengen Travel   •   Comments Off on Dominica Amends Age Requirements for its Citizenship by Investment Programme   
Dominica Amends Age Requirements for its Citizenship by Investment Programme

Dominica is just one of a selection of Caribbean islands offering a cost effective Citizenship by Investment programme and is one of the fastest programmes in the world to obtain a second passport.  As part of the British Commonwealth, a Dominican passport will allow investors the ability to visa free travel to over 100 countries worldwide including the UK and the European Schengen zone. All this can be issued as quickly as 3 – 4 months.

Dominica has just recently amended its programme to include some great new advantages. One of the main improvements is that the age limit for children has been increased from 25 years old to 28 years old.  Grandparents can also be included and the age limit has been decreased from 65 years old to 55 years old, resulting in a more flexible scheme for those wishing to include the whole family one application.

Investors can choose from two main options to obtain a second passport:

  • A non refundable donation to the government at $100,000 per single applicant + fees.
  • Or an investment in real estate, starting from $220,000 + fees.

The government fees associated with a real estate investment are now as follows:

  • Children above the age of 18 years old but younger than 28 years old – $25,000.
  • Elderly dependents (Grandparents)- $25,000.

We advise that investors who are considering the Caribbean options for a second passport to also review the other Citizenship by Investment schemes available in St Kitts, Grenada, Antigua and Barbuda.

La Vida  Golden Visas can assist with both the donation and real estate options for these programme. Please note for real estate you must invest into a government approved project. The Jungle Bay Resort is a very popular choice for our investors.  To view our real estate projects in the Caribbean, follow this link for Real Estate Options.

Best Residence and Citizenship Investment for South America

November 13th, 2016   •   Investment, Investor Visa, Residency   •   Comments Off on Best Residence and Citizenship Investment for South America   

south-america-citizenship-residencyWhat are the best investment programmes for residents and citizens of South American countries to consider for alternative citizenship and residency?

La Vida has witnessed high demand from South America in the last two years in particular from Brazil and Argentina and Europe has proven popular as a destination.

Both Spain and Portugal offer residency visa programmes through investment of €500,000 in real estate. With the Spanish and Portuguese languages each is popular with Argentinian and Brazilian residents. Acceleration to permanent residency and citizenship is also possible due to the historical connections. Both programmes allow the freedom of travel within the EU Schengen visa zone but they are also highly desirable location for South Americans to relocate.

Closer to home there are several options in the Caribbean. Five countries now offer a second passport for investments of typically between $400,000 – $600,000 all costs considered. Holders of these passports (St Kitts, Antigua and Barbuda, Dominica, Grenada and St. Lucia) have access to the EU Schengen zone for up to 3 months. Likewise travel to the UK is straightforward on such a passport.

Investors need to carefully weigh the costs and benefits of each programme. La Vida can advise on this and provide a selection of real estate investment options for investors and their families to qualify.

Antigua to Supplement Citizenship by Investment Programme

November 3rd, 2016   •   Citizenship, Investor Visa, Residency   •   Comments Off on Antigua to Supplement Citizenship by Investment Programme   

Antigua and Barbuda CEO Citizenship Investment UnitAntigua is to set to add to its successful citizenship by investment programme by launching a permanent residency scheme although no details have been released as yet.

La Vida CEO Paul Williams met with the head of the Citizenship Investment Unit for Antigua and Barbuda, Chisanga Chekwe at the 7th Industry Elite Convention in Shanghai where Mr Chekwe outlined the key features of the citizenship investment programme.

Antigua has very strict due diligence laws that ensures the integrity of the Antigua passport. He revealed that while it should take around 90 days to complete an application in practice the processing time is between 30 and 60 days.

Antigua and Barbuda offers the benefit of no taxation and citizenship for life for applicants. The main country of origin for applicants remains China followed then by Lebanon and Syria with a wide spread of countries in the Middle East, Asia and Africa beyond this.

The Antigua programme also allows for the adding of family members at a later date. For example should the applicant marry and later wish to add a spouse, children and parents. Further fees are payable for each applicant.

Please register here to receive further details from La Vida once the permanent residency programme is launched.