Countries That Offer Citizenship By Investment

Citizenship for investment is a term that refers to the process of gaining citizenship in a country for investing in it.
This allows the investor to become a dual-citizen of his home country and his new investment destination.
Citizenship for investment has been in existence for over three decades. It has been successfully managed in some countries, while in others, it hasn’t gone so well.

In the countries where it has been properly managed, the real estate sector is one of the economic drivers. This is because most countries that offer this program require investors to invest in real estate.
The program is targeted at high net worth individuals. The investment levels set in these programs are expensive. This ensures that countries attract only people capable of investing in the country significantly.
Here are some of the countries around the world that offer citizenship for investment programs. Also, find out how you can qualify for the programs to receive your second passport.

Citizenship By Investment Portugal

In Europe, many countries also offer citizenship with investment programs. Portugal runs the most popular citizenship for investment program in Europe. And it attracts thousands of investors and their families every year through this program.

To participate in the Portugal Golden Visa program as it is popularly known, you need to make a qualifying investment. You have several options to choose from. The most popular is a Euro 350,000 or a Euro 280,000 investment in property. 

The higher amount allows you to invest in the cities, while the lower amount allows you to buy property outside of the cities and in areas set apart by the government for rehabilitation & NUT111 Low density regions for the 280,000 Golden Visa in Portugal.

Once you have made your investment, you will be required to apply for the program. You can use an immigration consultant to assist you in the process. This makes the application process easy and convenient.

After application, prepare for a face to face interview in Portugal. You and your family will need to visit Portugal for this interview. Your biometric details will be recorded and more information collected.

Once your application is approved, in about 6 months, you will receive Portugal residency. It is valid for one year, and you have to be in Portugal for a minimum of seven days in the year to get a renewal.

After renewal, it is now valid for two years with a 14 day minimum stay requirement. After five years of residency, you can apply for citizenship in Portugal.

If you choose the standard track, you will get your residency permit six months after application. After 5 years of residency, you can then apply for citizenship. In about 12 months of application, you will have your Portuguese passport.

Citizenship By Investment Spain

Spain is another popular citizenship for investment destination in Europe. It has a vibrant culture, is a beautiful country and is quite diverse. In a bid to strengthen its economy, Spain introduced a Golden Visa program to attract foreigners as residents and eventually as citizens in the country.

The Spanish Golden Visa program is very popular. First, it provides you with many investment options to qualify for the program—the first being a Euro 500,000 investment in qualifying property within the country. Your property could be commercial or residential.

You can also invest in government bonds worth at least Euro 1,000,000. Or, for the same amount, start your own business and create employment within the country. You can also invest in an existing startup.

After the investment, you need to meet the qualifications of the program. Then you will need to apply to the program. Your investment allows you to apply for Spanish residency together with your family.

After application, you will have your Spanish residency permit in three months. Spain has one of the fastest Golden Visa processes in Europe. Once you receive your residency permit, you have to renew it after two years. You have to be in Spain to renew it. 

Spain doesn’t have any minimum stay requirements. This means you can live in any part of Europe or the world as a Spain resident. 

After ten years of being a Spanish resident, you can now apply for Spanish citizenship by naturalization.

Citizens of former Spanish colonies have a fast-track citizenship program.After application, they can apply and receive citizenship in two years. All they have to do is meet the required minimum stay requirements. The minimum stay requirements here require them to visit Spain at least 8 times in two years to qualify for citizenship.

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Citizenship Investment Cyprus, Greece, Malta

Cyprus is a full European Union country that runs citizenship with an investment program. 

Getting a Cyprus passport is an expensive undertaking. You are required to invest a minimum of Euro 2 million in an assortment of investments. You can invest in real estate, government bonds, and company securities. Also, you must hold your investments for at least 5 years.

You must also earn at least Euro 30,000 annually from other sources in addition to your job. When you meet these conditions, your application will be easily approved.

Once your investment is approved, you immediately gain residency in the country. The residency period lasts six months before you are issued with your Cyprus passport.

When you get your residency or passport, Cyprus doesn’t have a requirement that you must reside in the country at any time. You can therefore enjoy your residency or citizenship status from wherever you are.

Greece is another European country with citizenship by investment program. Like in Cyprus, applying and qualifying for the citizenship program offers you an initial residency permit before you can get citizenship.

In Greece, the residency period lasts at least 7 years. After this period, you can apply for citizenship in the country.

To qualify, you are required to invest Euro 250,000 in real estate. In two months, you will have received your residency permit. As a Greece resident, you have access to the Schengen area in the EU.

The Greece citizenship by investment program is considered to be the most affordable of all European citizenship programs. 

Malta is one of the most stable economies in the EU. Therefore, its citizenship with investment program is one of the most expensive. You have steep compulsory contributions coupled with expensive real estate investment. This makes it an exclusive citizenship program.

To qualify for Malta citizenship by investment program, you must invest Euro 750,000 in real estate. You must also donate a similar amount to the National Development Fund.

All dependents of the main applicant, which includes spouses and underage children, must donate Euro 25,000. For older children and parents over 55, the donation is worth Euro 50,000 for each person.

Further, you must also commit to acquiring a residence in the country. You can either buy one or rent. If you are going to buy one, you will need to invest at least Euro 750,000. IF you choose to rent, your rent needs to be at least Euro 18,000 annually.

Applicants must pass thorough due diligence conducted by the Maltese government.

The Maltese passport allows you visa-free access to over 180 countries. Further, once you have gained your Maltese citizenship through naturalization, you can then pass it down to any children you get afterwards.

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Find Out More About Golden Visa

Citizenship By Investment can be obtained in the most beautiful and safe countries in the world, like Portugal from only 280,000 EURO + Legal costs.

350,000 EURO GOLDEN VISA
500,000 EURO GOLDEN VISA

How Do Countries Gain From Citizenship With Investment Programs

How Do Countries Gain From Citizenship With Investment Programs

  1. Stimulate Economy

Many countries that introduce citizenship with investment programs to foreigners do so to boost their economy. 

When foreigners express interest to become citizens of the country, they are required to make investments or donations. 

This generates much needed foreign direct investment. Increasing the money in the economy and thus growing the economy of the country.

Many citizenship applicants also opt to start businesses, thus creating jobs in the country.

  1. Provides Money For Special Programs

When citizenship applicants express interest to become citizens, countries that have ongoing special projects require applicants to donate to those projects. For example, scientific research projects, cultural heritage projects, and rural development projects.

Thus, citizenship programs help to bring in the capital required to proceed with the projects. Many countries with these programs have a compulsory contribution to a government-approved project or charity.

  1. Boost Demand For Real Estate

Most countries with citizenship programs require applicants to invest in real estate. This boosts the real estate sector, creating more employment and helping grow the economy.

How Do Individuals Gain From Citizenship With Investment Programs

  1. Gain a Second Passport

With a second passport, you have another country to call home. You can enjoy the convenience of a more powerful passport that allows you visa-free travel to many countries.

A second passport is also some sort of security. You can escape political and economic troubles from one country to another quite easily if need be. 

  1. Access to Opportunities

With a second passport, you have more opportunities for a better life. You can move from one country to another in search of employment or growth.

You can access a better quality of life in another country legally. If you have EU citizenship, you have a range of countries you can live in and work in. Your family can also enjoy much better and affordable education, healthcare, and other services provided by the government.

A second passport can greatly enhance your quality of life when you move to a country with much better service provisions.

  1. New Market For Your Business

If you are a business owner, you won’t struggle to get your business beyond borders. With a second passport, you can also easily manage a business whose operations are in different countries.

With visa-free access to many countries, you can arrange a trip to a foreign business station with ease. You can travel as soon as you are needed to travel without prior visa requirements that often take time.

  1. Lower Tax Payment

If you move to a Caribbean country with less income tax, you immediately start paying much lower taxes. As an individual or a corporate entity, you now have more disposable income to build and grow your business.

  1. More Exposure

As a dual citizen, you have access to more than one cultural and social experience. Thus you can relate with and understand more people easily. It could help develop your language skills when you learn more languages to communicate effectively in whichever country you travel to.

Conclusion

As you have seen, many countries offer citizenship for investment programs. You can choose any of the above countries whenever you need a second passport. Before you pick a country, find out why you want a second passport. This will help you choose the best second home for you.

Also, find out if your country allows for dual citizenship before you apply to citizenship with investment programs.

Enquire Today

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