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.
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.
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.
Several countries have had immigration investment programmes in place for a number of years. Most notable are Canada, Australia, USA (EB5) and UK (Tier 1). The programmes are aimed at economic migrants seeking to permanently emigrate with their business or wealth to set up home in a new country.
In recent years a new breed of investment visa programme has become popular. More commonly known as the golden visa or investor visa these are programmes provide the right to live in the country but do not require you to become resident. They satisfy the needs of a new generation of High Net Worth Individuals (HNWIs) who are seeking the freedom to travel, the ease of doing business cross border, the potential for a second passport and insurance for their family for the future.
These programmes provide flexibility and do not demand the immigration, physical residence or even tax residence of an individual investor and their family. Applicants can continue to live in their home country, maintain their business and tax residence but with the additional security, insurance and freedom that a second passport or travel visa provides.
In the last four years more than six programmes have been introduced in Europe and the Caribbean has grown from one long established programme in St. Kitts to four.
An investment of €500,000 provides the right to live in Portugal and provides a Schengen visa. Visit the country two weeks every two years to retain the visa.
Similar to Portugal, an investment of €500,000 in real estate in Spain and minimal requirement to visit in order to maintain the visa.
A €2.5 million investment in real estate in Cyprus provides a passport which allows the applicant to live anywhere in Europe.
Investment totalling €1.25 million in Malta secures citizenship. The applicant needs to retain ties with the island.
Just €250,000 invested in property in Greece provides permanent residency should the investor need it and a Schengen visa allowing travel in Europe.
The bond investment programme in Hungary requires a purchase of government bonds for a minimum €300,000. Applicants need retain an address in Hungary but there is no minimum stay.
Investment of €1.2 million in government bonds in Bulgaria will gain citizenship and a second passport.
A long established programme. St Kitts investment varies and can include real estate leading to a second passport.
Investment in real estate in Antigua, a development contribution or establishing a business will lead to a second passport.
A donation or real estate investment in Dominica from just $200,000 leads to a second passport.
Citizenship and a second passport is granted for Grenada through a minimum $250,000 investment.