Irish Residency Programme

June 20th, 2018   •   Education, Investor Visa   •   Comments Off on Irish Residency Programme   

Irish Residency ProgrammeLa Vida are delighted to be able to offer an attractive route to Irish residency through the Immigrant Investor Programme.

An investment of €1 million in an investment scheme approved by the Irish government gains investors and their families residency in Ireland.

This is an ideal residency programme for High Net Worth families seeking a base in Europe. Ireland offers top class educational facilities, exceptional business opportunities and attractive taxation rates. It is also well connected with many international flights direct into Dublin which itself is just a short flight with hourly connections from London Heathrow.

Ireland is a booming economy within Europe and is set to benefit further as the UK withdraws from the EU under Brexit. With English as the official language and with low corporation tax of just 12.5% (one of the lowest in Europe), Ireland has become the European home of some of the world’s largest companies, including Google, Apple and Microsoft.

The residency programme offers favourable conditions including a minimum stay of just one day per year, a renewable five year residency visa and a potential route to citizenship and a passport for those choosing to live in the country. Ireland’s education system is second to none. Two of the four top universities in Europe for educating entrepreneurs are based in Ireland. Although international fees are payable for students attending university it is possible to deduct these fees from the investment amount.

This low risk investment fund option is authorised and regulated by the Central bank of Ireland. Please contact our consultants in the UK on +44 207 060 1475 for further details.

Mauritius to launch Citizenship Programme

June 19th, 2018   •   Citizenship, Schengen Travel   •   Comments Off on Mauritius to launch Citizenship Programme   

Mauritius Investor Visa

The island of Mauritius has announced its intention to launch a citizenship by investment programme later this year.

Plans were revealed in the Prime Minister’s 2018/2019 budget speech which is a little short on detail. In summary there will be two programmes, one for the issuance of a passport, requiring a $500,000 investment and another granting citizenship for an investment of $1,000,000. Further fees apply to a spouse and other dependents.

Mauritius is

one of only two African countries that offers visa free travel on its passport to the EU Schengen zone. The other being Seychelles.

Follow this link for further details on the Mauritius Citizenship by Investment programme as they are released.

Caribbean CBI Summit

June 5th, 2018   •   Citizenship, Investment, Investor Visa, Real Estate   •   Comments Off on Caribbean CBI Summit   

La Vida CEO Paul Williams with Leslie Anne Brissett and Antigua Prime Minister Gaston Browne.

Representatives from La Vida attended the Caribbean Citizenship by Investment summit held last week on the island of St. Kitts. The summit, held at the Marriott Hotel, featured the five Caribbean countries offering Citizenship by Investment programmes. The theme of this year’s conference was “Transparency and Sustainability: CIPs in the New World.” The conference was attended by the heads of the Citizenship Investment Units from each of the countries and other key players from within the industry. Topics covered during the conference included Due Diligence and Sustainable Investment along with other relevant issues affecting the industry. It was supported by the Prime Ministers of Antigua & Barbuda and St. Kitts who were both in attendance.

The conference was an ideal opportunity for La Vida to meet with its many partners in the Caribbean and to further undertake a five island tour of St. Kitts, Antigua, Dominica, St. Lucia and Grenada. In part to meet with the Citizenship Investment Units, our processing partner lawyers and in particular to visit the select number of real estate developments that La Vida chooses to promote to our clients. This tour was essential in ensuring that such developers are delivering on their promises not only for the real estate projects we decide to work with but also to see in some cases, lack of progress on those we choose to decline.

It is fair to say that the majority of international agencies promoting investment in the Caribbean will never visit the projects they promote. Any prospective investor considering the Caribbean would be wise to do their due diligence on any company they choose to work with and ask the question of whether they have actually visited and verified the projects they are promoting. There are over 20 such projects to choose from on St. Kitts alone. La Vida chooses to work with the select few we consider have sufficient funding, branding and prestige to underpin future returns of both income and capital. And critically those that have demonstrated either tangible results in terms of construction and progress or are already built and operating. Some projects which prospective investors may see promoted elsewhere, failed to meet our specification. La Vida visited over 20 projects during the course of our two week inspection of the islands narrowing this down to a select few on each island that we will continue to promote, including some new exciting additions to our offering.

Our professional advisors are fully briefed on the merits and details of the programmes we choose to promote. For details on those real estate projects that meet our requirements for citizenship investment please contact our advisors in the UK on +44 207 060 1475.

Property Price Rises Boost Spanish Market

May 9th, 2018   •   Investor Visa, Real Estate   •   Comments Off on Property Price Rises Boost Spanish Market   

Luxury Villas Costa Blanca Spain Further evidence has emerged of the continuing recovery in Spanish property prices as figures for the first quarter of 2018 showed a 3.8% increase on the previous year. Growth was strongest in the main cities of Madrid (17%) and Barcelona (11%). It’s a pattern typical for recovering markets where major cities lead the growth followed by other regions as the cycle matures. Potential buyers looking at investing in the Spanish market for the Golden Visa may want to turn their attention away from the main cities to benefit from rock bottom prices in the coastal regions which are expected to benefit now as the economic and housing recovery is fully underway.

Barcelona saw a 39% increase in prices in the last 3 years but the recent calls for Catalan independence have impacted sales volumes significantly. Previously the most popular city for Golden Visa investors such future buyers for residency will be well advised to look elsewhere in Spain. After all it is a Spanish Golden Visa on offer not a Catalan Golden Visa.

Costal regions such as Murcia and the Costa Calida region have seen annual rises of around 2.0% and offer plenty of potential for future growth. Such areas are ideal for investment in the residency visa when families are planning to spend longer periods in the country particularly in the summer time. This area of Spain offers superb value for money and is popular with Spanish buyers from Madrid looking to escape the summer heat to the cooler environment on the coast.

Vanuatu Citizenship Investment Reduced to $210,000

May 4th, 2018   •   Citizenship, Investor Visa   •   Comments Off on Vanuatu Citizenship Investment Reduced to $210,000   

Vanuatu Citizenship by Investment The Vanuatu government has reduced the price of its Citizenship Investment Programme (CIP). The single applicant donation has dropped to USD$210,000 while the family donation previously $280,000 has been reduced to $240,000.

Vanuatu has also successfully processed several applications through bitcoin in 2018. Demand is expected to increase further throughout this year and into 2019. The investor pays in Bitcoin without ever having to convert the amount to Fiat currency. Once the price is given in Bitcoin in close correspondence with the client they then have two hours to complete the transfer. At La Vida we have been successfully processing fee payments in Bitcoin but Vanuatu is the first programme we can now offer where the full investment can be made in crypto currency.

There are also plans in place to have a Citizenship by Investment option through real estate investment in Vanuatu. The investment will be limited to a single development planned for one of the islands which will be managed by an international hospitality brand. The units will range from 160m2 to 450m2 and prices will start from USD$900,000. It is planned to offer citizenship via co-ownership with four investors pooling one property, hence reducing the minimum investment to USD$225,000. Once there is full government approval La Vida will of course bring details to our clients. Register here for details on release.

Cyprus Citizenship Programme raises €6 billion

May 1st, 2018   •   Citizenship, Investor Visa   •   Comments Off on Cyprus Citizenship Programme raises €6 billion   

The number of passports issued to foreign investors in the last 10 years has passed the 3,000 mark according to the Cyprus News Agency. The figures were submitted in official data released to the Cypriot parliament. It means total investment into the economy through real estate is in excess of €6bn since the start of the programme.

The Cypriot Citizenship by Investment programme has gone through several iterations during this time reducing last year to a €2 million investment in real estate to qualify for citizenship for the investor and his/her family.

The Cypriot Parliament recently voted (by 33 to 4 votes) against a proposal to release names of investors who had obtained citizenship through investment in Cyprus.  The programme continues to enjoy strong support from the government and opposition parties because of its importance to the economy. The names of prospective Cypriots are published in local newspapers ahead of approval in order that anyone raising objections can do so in a written report to the ministry ahead of granting citizenship. The Commissioner for Personal Data Protection, Irini LoizidouIt stated there was no legal basis to publish such names after approval.

 

 

UK Tier 1 Investors Rise

April 27th, 2018   •   Entrepreneur, Investor Visa   •   Comments Off on UK Tier 1 Investors Rise   

UK Tier 1 Investor Visa StatisticsFigures released by the UK government have shown a rise in UK Tier 1 Investor Visas issued in 2017 from the previous year.

Both Tier 1 Investor and Tier 1 Entrepreneur visa applicants saw an increase on the 2017 figures although still well down on the peak achieved in 2014 before the Brexit vote.

Tier 1 Investor

The number of successful Main Applicant visas for the Investor Visa rose from 217 to 355 in 2017, a rise of over 60%. The number of applicants is still well below the peak of 1087 achieved in 2014 when the investment level was just £1 million compared to the £2 million required today.

Entrepreneur Tier 1

There were 983 successful applicants for the Tier 1 Entrepreneur Visa during 2017. Again the figures are down from the peak of 1166 reached in 2013 but up on the low point of the previous year. Tier 1 Entrepreneur is a category that requires a far lower investment level of £200,000 compared to the £2 million investment route. However the “genuine entrepreneur” test means only half the submitted applications are eventually successful.

Golden Visa Greece Top Ten Countries

April 25th, 2018   •   Investor Visa, Real Estate   •   Comments Off on Golden Visa Greece Top Ten Countries   

Golden Visa Greece Top CountriesFigures released for 2017 have shown the Greek Golden Visa as one of the most popular options in Europe.

Enterprise Greece, the government department tasked with promoting inward investment to the country, claim 2,305 Main Applicants were issued with a Greek Residency Visa through property investment in 2017.

Of that total China claimed the largest proportion with 1011, or 43.8%, of total golden visas issued. Russia weighed in with 395 and the remainder of the top 10 countries were not suprisingly geographically close by in the Middle East.

La Vida has seen significant interest in the Greek program, particularly with real estate investment in Athens. While it may be wise to treat any “official” figures from Greece with some caution, if correct the numbers are impressive. It puts Greece close to Portugal in terms of total golden visa investments in 2017 although the contribution to the economy is likely to be less with a lower qualifying investment of €250,000 compared to €500,000 for the Portuguese Golden Visa.

Canada Quebec CIP Changes Expected

April 24th, 2018   •   Immigration, Investor Visa   •   Comments Off on Canada Quebec CIP Changes Expected   

Major changes are expected to the Quebec Immigrant Investor Program (QIIP) in the coming weeks. The amendments published in the government’s official gazette are likely to come into effect in summer 2018. Planned changes include:

  • An increase in the investment requirement from C$800,000 to C$1,200,000.
  • An increased requirement for the Applicant’s Net Worth from C$1.6 million to C$2 million.
  • Intermediaries who finance loans for the program will need to be based in Quebec.

The changes are expected to come into effect no sooner than 45 days following the publication of the draft, which is to say some time in May.

The Quebec Immigrant Investor Program popular as it is the only route to a Canadian permanent resident visa through passive investment. In the last financial year the program had a quota of 1900 applicants.

Dominica Largest Caribbean Citizenship Investment Programme

April 19th, 2018   •   Citizenship, Investor Visa   •   Comments Off on Dominica Largest Caribbean Citizenship Investment Programme   

Dominica Dominica has undoubtedly now established itself as the largest Citizenship Investment Programme in the Caribbean, at least in the last year or so.

Figures disclosed by the head of the Dominica Citizenship by Investment Unit, Emmanuel Nanthan, revealed between 1,500 and 2,000 applications in 2017. A staggering amount compared to other similar programmes in the region.

Speaking at the Investment Immigration Summit in Ho Chi Minh City in Vietnam, Nanthan revealed that most applicants took the donation option rather than real estate. Our own figures at La Vida suggest that Dominica has become the most popular programme among single applicants with a contribution amount of just $100,000 required. St Lucia offers a similar investment level for single applicants but is suffering delays with approvals. Antigua has the same limit but additional government charges mean an overall higher outlay.

La Vida is encouraged to see competition in the sector between competing countries. Such competition for investors ensures choice, helps keep costs down and ultimately ensures a better service from the processing CIU units. However recent talk has been around consolidation in the Caribbean programmes in order to maintaining due diligence across the programmes as a whole.