La Vida offers a choice of several golden visa programmes for investment in residency and citizenship….
Portugal has proved to be the most popular destination in Europe for investors seeking a golden visa. Full residency is granted but there is no requirement to reside. Citizenship can be applied for after six years.
The Portuguese golden visa is a central feature of the government’s drive for international investment. With the country returning to growth the real estate market offers exciting prospects for the years ahead.
La Vida offers a choice of several golden visa programmes for investment in residency and citizenship….
Cyprus offers citizenship for investment levels of €2.0 million in real estate which is one of the big attractions of this programme. A Cypriot passport allows freedom to travel, study, work or live throughout the European Union.
Cyprus also offers residency through investment of just €300,000 allowing full family qualification. The investor visa is flexible with no requirement to live in the country.
La Vida offers a choice of several golden visa programmes for investment in residency and citizenship….
Spain is a firm favourite for many clients considering real estate investment to obtain a golden visa. One of the larger economies in Europe offering an investor visa programme.
Invest from €500,000 in real estate to gain the Spanish golden visa. This provides a flexible residency option. Permanent residency and citizenship can be applied for at a later stage subject to certain stipulations.
Greece offers a residency visa through property investment but eventual citizenship is not available to foreigners. Greece is a member of the EU Schengen visa zone and has no minimum stay requirement.
Prospective investors need to carefully consider the status of the economy in Greece, the real estate market and related property taxes. Greece offers a higher risk investment than other European nations.
Malta offers an Individual Investor Program which is appropriate for our very high net worth clients. In addition to committing to a residence in Malta for five years the scheme requires investment in government approved funds and instruments.
The Malta visa scheme leads to citizenship within one year for suitable applicants, a passport from an EU country and hence the freedom to live anywhere within the EU. The total investment required is typically in excess of €1.2 million.
The citizenship by investment programme for Grenada is one of the newest programmes available to investors. The Grenada passport offers visa-free travel to over 70 countries including the UK.
Grenada offers a low investment threshold. Applicants need invest just $250,000 in a government approved real estate project and maintain the investment for at least 4 years.
The citizenship by investment programme for Antigua and Barbuda provides a second passport to investors offering visa-free travel to over 100 countries including the UK, EU Schengen zone and Canada.
There are several options for investment to gaining citizenship in Antigua including real estate investment of a minimum $400,000.
The St. Kitts & Nevis Citizenship by Investment Program is the oldest of its kind in the world. Established in 1984 the program grants citizenship through real estate investment to qualified applicants.
The government requires investment of $400,000 plus related government and due diligence fees. St Kitts offer visa free travel to over 120 countries. An ideal choice for a second passport.
With the success of citizenship by investment programmes in recent years for a number of countries in the Caribbean are we likely to see more countries adopting these as a valuable income stream in the future?
The south Pacific islands have already witnessed their first citizenship by investment programme with Vanuatu launching its scheme in 2017. Vanuatu requires an investment of $220,000 for a single applicant or $280,000 for a family. Being a commonwealth nation country its passport is valuable offering visa free access to over 125 countries including the UK and the 26 European countries of the EU Schengen zone.
The Caribbean has seen huge growth in the number of countries offering such programmes in recent years. Originally just St. Kitts, Antigua, Grenada, St. Lucia and Dominica have all introduced programmes and the competition for investors has brought the cost of citizenship down to as little as $100,000.
So who could benefit from the considerable investment brought in from such a programme? Such countries include Micronesia, Kiribati, Marshall Islands, Solomon Islands, Pitcairn Islands, Nauru, Timor-Leste, Tuvalu, Cook Islands, Fiji, Papua New Guinea, Samoa and Palau.
Many of these Pacific countries have the same advantage as Vanuatu and the Caribbean islands above, that is membership of the Commonwealth and resulting access to many countries visa free. But while we await any future developments investors have no shortage of choice from existing programmes.
Over the last few months there has been a number of positive changes to the various Caribbean Citizenship Programs (CIP). With fee reductions and reduced donation options, the Caribbean now offers some of the most affordable and flexible citizenship by investment programmes in the world. It is unclear how long these reductions will last and there is speculation that after a period of time the investment options will increase again. Clients are advised to act quickly to take advantage of the changes.
There are five key programmes within the Caribbean and a second passport from these locations comes with a number of benefits, including visa free travel to the Schengen zone, UK, Hong Kong and Switzerland. St Kitts and Grenada have also just recently confirmed that their passports will enable one to travel freely to Russia. This is another great addition to Grenada’s visa free list of countries which also includes China.
There has been some reports of incorrect information being circulated regarding the recent fee reductions in Dominica. Whilst the investment threshold remains the same, the processing fees were recently amended. La Vida advises anyone who may have conflicting information to get in touch with one of our experts for clear clarification and advice on the programme.
To recap on some of the key changes which have taken place in 2017, please see below:
If you are looking to obtain a second citizenship in any of the above countries then please do not hesitate to contact La Vida’s experts for a seamless service and efficient application processing.
The 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.
The 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.
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.
Since the St Lucian government re-launched their citizenship by investment scheme in January 2017, the programme has been a strong contender for the lowest priced scheme in the Caribbean, competing directly against the Dominica CBI programme.
Both schemes offer a competitive donation option, starting at just $100,000 for a single applicant, making both of these options the lowest priced second passport programmes on the market.
For many years, Dominica has been a firm favourite amongst investors looking for a cost effective route to Citizenship and visa free travel. However St Lucia now just takes the title as the lowest priced option with fractionally cheaper processing fees.
For a single applicant choosing the donation route in St Lucia, the additional processing costs and donation will come to a total of roughly $144,630 as opposed to Dominica where the overall cost will work out around $147,450
The real estate investment option in Dominica still remains to be the more popular option with the required investment threshold set at just $200,000 as opposed to the proposed $300,000 in St Lucia. The St Lucian Government are still to approve a selection of real estate projects for this investment route and this is expected in the first half of 2017.
Second passports in both commonwealth countries will enable investors to travel freely to over 118 countries including the EU Schengen zone and also the UK. Visa free travel to other popular destination such as Hong Kong and Singapore is also a major benefit for many. The whole process will take just 3- 4 months to obtain citizenship in either country making them the quickest citizenship by investment options on the market.
If you would like to find out more about either option in Dominica or St Lucia, please do not hesitate to contact our experts today.
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 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.
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.
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.
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.
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.
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.
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:
The government fees associated with a real estate investment are now as follows:
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.
A key objective for many of our clients is the gaining of a second passport and citizenship by investment of another country.
This is a step on from residency and the right to live in a country. It is often the next stage after a period of residency or through higher investment in a golden visa programme.
Below we list those countries in Europe and the Caribbean that offer second citizenship and a passport. Note that these are only countries offering such a facility through investment and without the requirement to live full time and become tax resident.
Portugal is one of the most popular programmes in Europe. Invest €500,000 in real estate plus related costs and taxes to gain residency. This gives freedom of travel throughout the EU Schengen visa zone. After six years applicants and their families can apply for citizenship and hence a second passport allowing you and your family to travel, work, live and study anywhere in Europe.
Spain offers similar costs and benefits to Portugal but with one major difference. It is not possible to get citizenship and a second passport unless you reside in Spain for 10 years full time. It is why Portugal is currently issuing 2,000 golden visas a year compared to less than 100 in Spain.
Greece is the most affordable scheme in Europe but clients must be careful of the additional costs and the economic situation. You can gain residency through investing €250,000 in real estate. Taxes and fees on property are high in Greece, as much as 27% on top of the property price. Also the programme in Greece is residency only and does not lead to citizenship and a second passport currently except for applicants of Greek origin.
Hungary is a very popular and affordable programme. Invest €300,000 in government bonds which is refunded after 5 years. Costs for the programme are €60,000 for a full family. This grants Permanent Residency in Hungary. Citizenship and a second passport in Hungary can be applied for after 8 years with a language test. Hungary is a member of the EU and Schengen zone which also means visa free travel to the USA and Canada. You gain visa free travel throughout the EU Schengen area and can apply for a European passport after 8 years. Hungary is a straightforward residency programme and in most cases will not require a visit to the country.
Bulgaria is the most affordable route to citizenship of the EU. You can gain a second passport in Hungary within 21 months allowing you and your family to live, work, travel and study anywhere in Europe. This can be done for a total investment of €1,024,000 in government bonds which are repaid in full after 5 years. But a big benefit is that these bonds can be financed for a total outlay of €280,000. Although there is no return of capital this significantly reduces the cash outlay and is a popular choice. Costs under either option amount to around €30,000 for a family of 4.
Malta has a citizenship programme leading to a second passport within a year. However there are a number of restrictions with Malta, in particular showing ties and commitment to the island, maintaining a property and screening interviews. For those willing to maintain such connections citizenship is available at a total cost of around €1.2 million. But note €650,000 of that figure is a “contribution” to the government. That money is not returned.
Cyprus is the ultimate choice for High Net Worth individuals seeking a second passport. Investment of €3 million in a real estate portfolio gains a Cypriot and hence European passport within 2-3 months. This investment can be reduced to €500,000 after 3 years. An interesting fact for Cyprus is that a single investor is normally €5 million under government rules. However La Vida has the access and ability to group submit a minimum five applications regularly. Under this arrangement the investment requirement reduces to €3 million.
There are currently four programmes in the Caribbean offering citizenship, a second passport and visa free travel to many countries worldwide.
St Kitts is the oldest second passport programme by investment. Applicants investing $400,000 in government approved real estate projects (plus costs) gain citizenship. This grants visa free access to over 100 countries including the UK and Schengen zone. It is also possible to make a government contribution of a reduced amount depending on family size. Processing is slow taking typically 9 months.
Antigua offers a similar second passport programme to St Kitts. An investment of $400,000 in government approved real estate projects plus costs gains citizenship. There is visa free travel to over 100 countries including the UK, Schengen zone and Canada. Processing is fast, typically 4 months.
Dominica has just amended its citizenship programme to include a real estate option. You can now invest just $200,000 in real estate to gain citizenship and a second passport. Although offering slightly less countries for visa free travel than St. Kitts or Antigua (over 70), Dominica is a much reduced investment option.
Grenada is a new second passport programme and is popular as it has no country restrictions for who it will issue passports to. There are of course strict due diligence checks on each applicant. Invest just $250,000 in real estate to gain visa free travel to over 70 countries including the UK and with the Schengen zone likely to be added soon (expected Q2 2015). Grenada is the only country offering citizenship to parents of any age as long as they are dependent. Processing is fast, within 4 months.
There are government fees and associated costs with each of the Caribbean programmes. As a guide these will range for a family of four from $130,000 up to $210,000. La Vida can give a more accurate assessment based on the make up of your family and the particular programme. Please complete your client details here if you require this.
Popular countries in Europe for second passports include the UK, France, Germany, Belgium, Switzerland, Italy, Austria, Denmark, Ireland and Holland. However these countries do not offer second passports through investment alone but through other means such as creating and investing in a business. However it is important to note that citizenship and a passport from any EU country allows the holder to live and work anywhere in the European Union.
Cyprus has begun preparations to join Schengen which it hopes to achieve by August 2016. Before the island becomes a full member of the visa-free area there are a number of assessments that need to be completed including air boarders, visa control, police co-operation and personal data protection.
The Schengen Agreement has led to the creation of Europe’s borderless Schengen Area. Currently, 22 of the 28 EU member states participate in the Agreement. Of the six EU members that do not form part of the Schengen Area, four – Bulgaria, Croatia, Romania and Cyprus, are legally obliged and wish to join the area, while the other two – Ireland and the United Kingdom maintain opt-outs.
In addition, all four European Free Trade Association (EFTA) member states – Iceland, Liechtenstein, Norway, and Switzerland – have also signed the Schengen Agreement, even though they are outside the EU. One of the main benefits of being part of the agreement is that people can move freely across the boarders without the need for separate visas or passport checks. In the past, tourists entering the EU would have needed a separate visa for each country they wanted to visit. It was designed to promote trade and integration between different nationalities as well as encourage tourism from emerging markets such as China and India.