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Residency by Investment

Top Countries for Residency by Investment 2024

Countries for Residency by Investment

Residency by investment is one of the best ways to migrate to another country to explore better living and financial opportunities or for economic expansion. The residency by investment programs come with various additional perks and benefits. They make the applicant eligible to enjoy elevated living conditions, facilities, and various other amenities after migrating to another country. 

However, there are various rules, regulatory legal obligations, and criteria that applicants have to fulfill to acquire eligibility in the best countries for residency by investment. Every country that is considered best for its residency by investment programs has its own set of requirements and eligibility standards.

If you are also planning to migrate to another country for better economic exposure, here we have shared everything worth knowing about the terms and benefits of residency by investment. We have also shared the list of the most preferred and best countries for residency by investment, along with necessary details about the eligibility and application process for their residency by investment programs. 

What is Residency by Investment?

Residency by investment, also known as the Golden Visa program, allows foreign nationals to secure residency in a country by making a qualifying investment of a specific value. These programs allow applicants and their families to live, study, and work in a foreign country for a specific period, which can also be extended. Additionally, residency by investment is also a way to secure a country’s citizenship in the long run. In most countries, the residency permit is offered to the applicant along with their spouse, parents, and financially dependent children. 

Many people often confuse residency with citizenship, thinking they are similar. However, there are significant differences between the two. If you’re confused about which is Right for You? you have come to the right place.  We have listed various benefits of residency by investment that one can leverage while residing in a non-native country. 

Countries for Residency by Investment in 2024

Let us now go through the list of the best countries for residency by investment and learn about the specifications of their residency by investment programs in detail. 

Greece

The residency by investment program in Greece, also known as The Greek Golden Visa, allows foreign nationals to secure residency by investing 250,000 Euros or more. However, in prime areas, the minimum investment amount is 800,000 Euros. You can acquire the residency by investing in Greece through one of the following pathways:

  • Investing in real estate.
  • Taking a licensed hotel or tourist home on lease for at least ten years.
  • Direct investment in company capital, bonds, and fixed deposits.
  • Mutual fund investments.

Spain

To acquire a residency by investment in Spain, you have to adopt one of the following ways:

  • Make an investment of 500,000 Euros or more in real estate.
  • Deposit at least 1,000,000 Euros in a Spanish bank.
  • Making an investment of 2,000,000 Euros or more in government bonds.
  • Establishing a business that heavily contributes to the Spanish economy.

By fulfilling any of the above-mentioned criteria, you can secure a residency permit in Spain.

Portugal

You need to fulfill one of the following conditions to acquire residency by investment in Portugal, which undoubtedly offers one of the best residency-by-investment programs:

  • Make an investment of 500,000 Euros in Portuguese funds or research institutes.
  • Contribute at least 250,000 Euros to preserve the cultural heritage in Portugal.
  • Establish a business with a minimum investment of 500,000 Euros in Portugal to create jobs.
  • Offer new full-time positions to at least 10 Portuguese citizens.

Investing in Portuguese funds is often considered to be the most suggestible option to obtain residency by investment. 

Italy

The affordability of the residency programs makes Italy one of the best countries for residency by investment. There are four ways to obtain a residency permit in Italy: 

  • Make an investment of 250,000 Euros in an official startup.
  • Purchasing shares of existing Italian companies for 500,000 Euros or more. 
  • Investing at least 1,000,000 Euros in public interest projects.
  • Buying government bonds with a minimum of two years’ maturity for 2,000,000 Euros or more. 

UAE

UAE is one of the most sought-after countries for residency by investment. You must fulfill one of the following eligibility to obtain a residency permit to explore the lifestyle and economic opportunities in the UAE:

  • Depositing a minimum of AED 2 million and obtaining a letter of approval from the concerned legal authorities.
  • Own one or more properties in the UAE valued at a minimum of AED 2 million. 
  • You must also submit a valid commercial or industrial license along with proof of capital of no less than AED 2 million. 

Cyprus

Cyprus offers one of the best and speediest permanent residency by investment programs. For this, you need to meet one of the following criteria:

  • Purchase residential or commercial properties of 300,000 Euros or more.
  • Buy shares in Cypriot companies for at least 300,000 Euros.
  • Make investments in the securities issued by the Cyprus Investment Fund Association. 

By fulfilling any one of these conditions, you would be eligible to acquire a permanent residency in Cyprus.

Wrapping Up!

Every country included in the list of best countries for residency by investment has its own set of benefits, perks, and eligibility criteria. You can choose among the above-mentioned residency by investment programs that best suit your individual goals and preferences. However, you need to be prepared with the required documents and information to sail through the processes successfully. For this, you can seek assistance from My Global Citizenship, one of the top immigration consultancy firms in India. 

Having personalized, dedicated, and expert assistance from experienced immigration consultants will help you smoothly navigate the application process, paperwork, and legal permissions, ultimately helping you conveniently secure the residency by investment in your desired country. 

So, what are you waiting for? Get in touch with us now!

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Residency vs. Citizenship: Which One is Right for You?

Comparison of residency and citizenship options

Citizenship by investment program was first launched on the Caribbean island in the 1980s. Now it’s quite famous among investors worldwide. According to the 2019 EU report over 131,000 people obtained residency and citizenship through this program between 2011 and 2019. Countries like Spain, Greece, Cyprus, and Malta brought around €21.4 billion in revenue.

There are several ways to get citizenship and residency for investors in a country, but people get confused between residency and citizenship. It is a big decision choosing between residency vs citizenship because it’ll affect things like place to live, how much tax you pay, and what benefits you’ll get. Must explore options and understand the distinctions between residency and citizenship to make well-informed decisions. 

There are key similarities between Residency and Citizenship but also there is a huge difference between Residency and Citizenship that affects both your and your family’s life.

For your better understanding in this article, we will discuss what Residency and citizenship are and the difference between them.

What is Citizenship?

Citizenship is a legal identity of citizens and a relation between individual and countries that entail specific rights and privileges within the country. Citizenship used as a synonym of nationality. There are many ways to obtain Citizenship like birth, naturalization, registration, or legal processes.

Nations grant certain rights with responsibilities to the individual that have to perform such as obeying the law, paying taxes, and serving in the military.  Overall, through Citizenship by investment a person grants membership and allegiance in a political community and access to both rights and duties that are essential to a functioning society.

What is Residency?

Residency for investors gives a particular person access to the right to stay in a specific country for a certain period. The residency for investors has two types: permanent residency and other is temporary residency. In permanent residency, individuals can perform equal rights as citizens. Permanent residency means “green card holder” who is recognized as a legal and permanent resident of the country and can enjoy long-term stability and security.

Temporary residence permits have limitations, in temporary residency individuals get a short time to stay in a country. Temporary residence for investors can also refer to a specific immigration status granted by countries to individuals who are allowed to stay for a defined period, typically for reasons such as work, study, or family reunification, but not with the intent to settle permanently. 

Key differences between Residency and Citizenship

Here are the key differences between Residency and Citizenship:

Residency: 

Legal Status: A residency by investment grants you the right to stay in a particular country for a specific period. There are specific rules that must be followed while living in the country.

Benefits: Residency for investors gives them the right to live, education, work, and other social rights as permitted by the residency terms.

Flexibility: Residency status can provide flexibility when it comes to relocating between countries, as individuals may not be subjected to the same tax obligations or mandatory military service requirements as citizens. 

Path to Citizenship: Some residency by investment programs allow getting citizenship if you feel after some time to settle permanently in that country. 

Legal Protections: Residency for investors provides legal protections to individuals under the host country’s laws, including protection against arbitrary expulsion or deportation, and access to legal recourse in case of disputes.

Citizenship:

Legal Status: Citizenship by investment helps you to obtain permanent access to the right to live, work, education, and other social rights. It also gives full privilege to participate in political matters in the country.  Alongside this status typically comes the issuance of a passport from that country, providing further proof of citizenship for investors and facilitating international travel.

Rights and Responsibilities: Citizenship by investment grants individuals full rights to participate in the political process, including voting in elections and running for public office. It also gives the privilege of working in the government sector of the country. Besides this, individuals have to follow government policies, rules, and regulations of the country.

Security: Citizenship by investment provides a higher level of security against deportation and protects individuals from sudden changes in immigration laws that could affect their residency status. This status ensures stability and continuity in residency rights, reducing the risk of being forced to leave the country due to shifts in policies or regulations.

Global Mobility: Citizenship for investors allows possessing a passport that enhances global mobility by providing its holders visa-free or visa-on-arrival to numerous other countries. This expands the person’s personal and professional growth on a global scale.

Legal Protections: Countries offering Citizenship by Investment provide legal protection to the individual under the host of the country’s laws, including protection against arbitrary arrest or detention. Also get protections against discrimination based on race, ethnicity, religion, gender, or other factors, ensuring that individuals can live and work free from unjust treatment or prejudice.

Conclusion: 

When you’re deciding between residency by investment and citizenship by investment, examine your long-term goals and short-term goals, then take action accordingly. If you’re considering immediate employment or study opportunities in a foreign country, countries offering residency by investment will suit your goals and meet your needs. 

On the other hand, if you have long-term goals like establishing a business and stability for your family abroad, citizenship may be preferable. Citizenship provides permanent residency rights, protecting you against changes in immigration laws and offering greater security against deportation. This gives you full access to participate in civic life, such as the right to vote, run for public office, employment in the government sector, and access to certain social benefits. Ultimately, the choice between residency and citizenship hinges on your circumstances, career aspirations, family situation, and long-term plans for living and working abroad.

If you’re looking for more details and professional counsel, My Global Citizenship is a specialized consultancy that helps people who are looking for the best path to citizenship and residency through investment issues. We provide thorough counsel catered to your individual needs, whether you’re negotiating complicated immigration regulations, thinking about international relocation alternatives, or preparing for long-term settlement and business opportunities overseas.

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How to Choose Right Citizenship by Investment Program

Citizenship by Investment Program

Various types of investment migration laws are in force globally of these approximately 30 residence or citizenship by investment programs are running successfully. Entrepreneurs are adopting citizenship by investment options as the most effective way to access previously unimagined opportunities.

Worldwide, 30 countries are providing residence and citizenship by investment program but currently, 11 countries provide a direct route to citizenship by investment. In 2022 more than 1,370 citizenship by investment applications were submitted in the Caribbean island. Its demand is immensely growing among investors because of the benefits it provides.

Citizenship by Investment program grants the opportunity to investors and their families to get second citizenship. This program gives access to the individual freedom to travel to 161 countries without visa restrictions and the option to relocate to another country. They get the opportunity of world class education for their children, the right to work, and health care. It also provides access to political matters such as the right to vote, speak, and employment in the government sector.

Selecting the ideal citizenship by investment program is a decision that warrants careful consideration, as it involves various factors that can significantly impact your personal and financial future. Each Citizenship by Investment program offers different benefits and requirements, making it essential to assess which aligns best with your goals and circumstances. In this article, we will clear all your doubts and discuss how you can choose ideal citizenship by investment program. 

Steps to choose right Citizenship by Investment Program

Here are some Investment criteria for citizenship programs program:

Research and Compare Programs: There are several countries offering a Citizenship by Investment program. Each country has its requirements, benefits, and costs. Discover every country’s policy on Citizenship by investment program and understand the differences between programs in terms of investment thresholds, residency requirements, processing times, and the benefits of citizenship. By evaluating these steps individuals can make a well-informed decision that meets their specific needs.

Define your Goals: While choosing citizenship by investment program of any country, ask yourself why you want second citizenship. Whether it is for business, travel, visa-free access, security, or lifestyle reasons, your goals influence which program is the best fit for you. By aligning these goals with the benefits offered by different programs such as visa-free travel options, tax advantages, stability, and quality of life individuals can make the right decision that enhances their personal and professional endeavors.

Consider Investment Requirements: Research about each country’s investment requirements. Every program has minimum investment thresholds that vary depending on their investment requirement. Each program has its policies for investment options in real estate, contribution in government bonds, investment in national development funds and starting businesses within the country. Ultimately, understand the financial requirement of the citizenship by investment program, and then individuals can select a program that aligns with their financial capacity.

Understand Tax Implications: Different programs have their own tax rules for citizenship by investment. In this program, taxes are dependent on your income, your wealth, inheritance taxes, and corporate tax. These taxes are based on each country’s tax policies. Before choosing citizenship by investment program, understand how this decision might affect your taxes in that country.

Evaluate Reputation and Stability: If you’re thinking about getting citizenship through an investment program it’s important to consider political stability and the reputation of the country in the world because a passport is more useful when it is from a country that is stable and well respected internationally. The economy is the main source of a growing country, if the country’s economy is stable then it is a good opportunity for business and investors.

Consider Family Inclusion: When choosing citizenship by investment program, make sure that they are including your family in your application. Some programs take extra charges and extra conditions. You must read all the details carefully to ensure that everyone in your family is included in your application and it will prepare you for extra charges and requirements during the process. 

Consult with Experts 

For Investment criteria for citizenship programs, take guidance or advice from experts with great knowledge in citizenship planning such as immigration lawyers, financial advisors, or specialized consultants. Professionals can help you by giving valuable insight into the legal complexities, tax considerations, and other citizenship information by investment programs according to your specific circumstances. 

My Global Citizenship provides guidance and support to individuals who are planning to have a second citizenship. We are experts in handling and navigating the difficulties of getting citizenship through various programs worldwide. Our expertise covers legal aspects, tax implications, and the suitability of different Citizenship by Investment options based on your unique circumstances. We provide personalized advice to ensure you make well-informed decisions and successfully achieve your global citizenship goals.

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Blog

What are the Benefits of Canada Startup Visa for Indians

Canada Startup Visa for Indians

The Canada entrepreneur visa provides opportunities to entrepreneurs, business owners, and investors, who are seeking to grow on a global scale. The Canada Entrepreneur visa launched as a pilot program in 2013 and in 2018 it became a permanent program. Early it became popular among investors because of its diverse location, easy interference in the US market, skilled workforce, and business opportunity. 

The Canada startup visa program started with 1000 spots and expanded to 3500 by 2023. The Canadian government in 2024 plans to reach above 5000 by 2026.

As we have discovered about the Canada startup visa program, let’s briefly discuss the eligibility criteria and benefits of a Canada startup visa for Indians:

Eligibility Criteria for the Canada Start-up Visa for Indians 

To be eligible for the Canada startup visa program, Indian Candidate must meet this eligibility criteria: 

Qualifying Business: You must have an innovative business idea, scalable and your business can provide jobs in Canada.

Language Proficiency: You must be fluent in English or French, you have to prove to them that you are mastered in these languages by taking tests like IELTS or CELPIP for English, or TEF for French.

Commitment Certificate: You must get the Commitment Certificate and Letter of Support from the designated organization. It confirms that they are supporting your business in Canada.

Sufficient Settlement Funds: You must have adequate settlement funds to support yourself and your family to settle in Canada.

Medical Examination: You have to go under medical examination to show that you are medically fit and able to settle in Canada.

Benefits of the Canada Startup Visa for Indians:

Advantages of Canada Startup Visa program for entrepreneurs from India are below:

Strong startup: The Canada visa investing program offers immense opportunities to Indian entrepreneurs. This program provides opportunities of networking and funding from places like co-working spaces, and a chance to collaborate with talented people.It helps them to boost their businesses and ensure long-term sustainability and opportunities for global entrepreneurship. 

Permanent Residency and Citizenship: For Indians Canada’s entrepreneur visa program is a pathway to Canada’s permanent residency. This entrepreneur visa program gives long-term security and stability. It helps Indians to establish their roots and build a future in Canada.

Quality of Life: Canada provides a high quality of life by a diverse multicultural society, world-class education, and a healthcare system. Canada grants safe, and world-class services to their citizens, this quality makes Canada an attractive destination for those seeking a balanced life and a supportive environment for their business growth.

Diverse and skilled workforce: Canada is famous for its diverse and skilled workforce supported by a strong education system and it attracts skilled professionals from around the world. Its diverse workforce helps in startup businesses and building teams with a range of skills.  

Access to Funding: There are many government programs to help entrepreneurs in funding business startups in Canada. Through this, they can connect with investors, mentors, and advisors who help them grow their businesses.

Market Opportunities: Canada gives Indian investors easy access to North America, Europe, and Asia markets. Its strategic and strong trade relationships are beneficial for entrepreneurs. This program helps investors in assessing the US market and expanding their business. 

This Canada Entrepreneurs visa program inspires both business innovation and personal achievement. The visa program not only makes enterprise easier but also creates a conducive environment for personal and professional development. This program gives the opportunity of permanent residency and citizenship, which enables Indian entrepreneurs to fulfill their ambitions on a global scale.

This program’s commitment is to foster startups through funding, networking opportunities, and a skilled workforce that ensures individuals have the resources they need to succeed. Its supportive environment, high-quality lifestyle, and integrative society make it an ideal destination for entrepreneurs. If you want to take advantage of the Canada Startup Visa program but you are confused. MyGlobalCitizenship specializes in tailored advice and strategies that are important for conducting the visa application process effectively. We provide you all insight details about the Canada Startup Visa program and guidance to make the visa application process easier. Our expert team not only helps you get permanent residency but also lays the groundwork for long-term success in Canada’s business scene

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Top 8 Countries for Citizenship by Investment in 2024

Countries for Citizenship by Investment

In 2024, many countries are launching their premium citizenship by investment Programs, providing citizenship through financial contributions or investments. These programs are growing popular among investors due to the wide range of benefits they provide.

Over twenty countries established citizenship by investment program in mid-2023, including five Caribbean nations: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia. Countries such as Cambodia, Egypt, Jordan, Malta, North Macedonia, Turkey, and Vanuatu also offer such programs. Approximately 50,000 individuals along with their family, annually acquire citizenship by investment through this program. Citizenship by investment allows individuals to broaden their horizons and enhance their quality of life.

To help you understand citizenship by investment, this article will explain the concept and highlight the top countries offering these programs in 2024.

What is a citizenship by investment program? 

Citizenship by investment is a legal process in which any person can get citizenship of any country by investing in the country’s economy. This program aims to attract foreign investment and stimulate economic growth and in return for the investment, give citizenship and a passport to the investor in their country, and get rights to live, work, and study.

The requirements and benefits of citizenship by investment program depend on the country’s policy. This is the easiest way to get a green card from other countries like Malta, Dominica, Grenada, Turkey, Antigua and Barbuda, Saint Lucia, St. Kitts and Nevis, and Montenegro, considered some of the best countries for citizenship by investment, it’ll save time and money. Each of these countries provides advantages and rules. They cater to investors with different amounts of money to spend, residency requirements, and how useful their passport is for traveling around the world in 2024.

Top Countries Offering Citizenship by Investment in 2024

Some countries are providing global citizenship by investment programs including Malta, Cyprus, St. Kitts and Nevis, Antigua and Barbuda, Grenada, Dominica, Turkey, and Montenegro. Here’s a brief overview of countries offering citizenship by investment programs in 2024:

Malta:

The Malta Citizenship by Investment program is based on a point system. Investors should have to collect a minimum score for eligibility. Points are based on investments in Maltese real state and government bonds, as well as mandatory contributions to the National Development Fund. There are other criteria also such as language skills or business experience, which influence the total points earned. 

Real Estate Investment: Applicants must purchase property in Malta with a minimum value of €700,000 or lease a property with an annual rent of at least €16,000.

Government Bonds: Applicants must invest a minimum of €150,000 in government-approved bonds.

Donation: A non-refundable contribution of €600,000 to the National Development Fund is required.

Dominica:

If you want to become a citizen of a Dominica country, getting Dominica citizenship by investment is easier than in other countries. Here are the main financial requirements for obtaining citizenship through Dominica’s CIP:

Real Estate Investment: The minimum investment in real estate is $200,000 in an approved real estate project. This investment must be maintained for at least three years after citizenship is granted.

Economic Diversification Fund (EDF): The contribution to the Economic Diversification Fund (EDF) varies based on the number of applicants:

Single applicant: $100,000

Applicant with spouse: $175,000

The applicant with up to two qualifying dependents (e.g., spouse and child under 18): $200,000

Additional dependents of any age (each): $50,000

By meeting these criteria, you can apply for citizenship in Dominica through their Citizenship by Investment Program.

Grenada:

Getting a secondhand passport in Grenada Citizenship is easier by investing. Interested investors can qualify through two main avenues:

Real Estate Investment: The minimum investment in approved real estate projects is typically set at USD 220,000. Additionally, there are associated fees and costs such as government fees, due diligence fees, and legal fees.

Donation to the National Transformation Fund (NTF): The minimum non-refundable contribution to the NTF is USD 150,000 for a single applicant or USD 200,000 for a family of up to four persons. For larger families, additional contributions apply.

Antigua and Barbuda:

In Antigua and Barbuda, you can get citizenship for yourself and your family very easily by investment, they also provide various investment options to the applicant. Applicants can choose to invest in real estate or make contributions to the National Development Fund (NDF).

The investment amounts required for the Antigua and Barbuda Citizenship by Investment Visa Program are as follows:

Real Estate Investment: Applicants must invest a minimum of USD 200,000 in approved real estate developments. 

Contribution to the National Development Fund (NDF): 

Single applicant: USD 100,000

Family of up to 4 members: USD 100,000

Family of 5 or more: USD 125,000

Saint Lucia:

Saint Lucia provides benefits to applicants like visas for traveling to different countries and economic opportunities. In Saint Lucia’s Citizenship by Investment Program, there are several investment options available for individuals seeking citizenship: 

National Economic Fund (NEF):

Single Applicant: Minimum contribution of USD 100,000.

Applicant with Spouse: Minimum contribution of USD 165,000.

Family of up to 4 members: Minimum contribution of USD 190,000.

Each additional dependent: Additional contribution of USD 25,000.

Real Estate Investment:  Minimum investment of USD 300,000 in an approved real estate project. 

Enterprise Project Investment: Minimum investment of USD 3,500,000 in an approved enterprise project, creating at least 3 jobs.

Government Bonds: Minimum investment of USD 500,000 in non-interest-bearing government bonds. 

St. Kitts and Nevis:

St. Kitts and Nevis Citizenship by Investment program is the oldest program of Citizenship by Investment and a very respectful program. They give citizenship to foreign investors and their families. They also have their investment program and rules. Applicants have two main investment options to qualify for citizenship:

Sustainable Growth Fund (SGF): 

Single applicant: Minimum contribution of USD 150,000.

Applicant with up to three dependents (e.g., spouse and two children): Minimum contribution of USD 195,000.

Each additional dependent: Additional contribution of USD 10,000.

Real Estate Investment: The investment must be maintained for at least 7 years. In addition to the investment, there are associated fees such as government, due diligence, and legal fees.

Turkey:

Turkey provides premium citizenship by investment program, for citizenship, Investors have to fulfill certain investment criteria. Investors must find a property that meets the minimum investment requirement and other legal criteria. 

In Turkey Citizenship by Investment Program, there are several investment options available for individuals seeking citizenship: 

Real Estate Investment: The minimum investment amount in real estate is USD 250,000. This investment must be maintained for at least three years. The real estate must also have an annotation of no-sale for three years in the title deed.

Bank Deposit: The option of making a bank deposit was available previously, requiring a minimum deposit of USD 500,000 in a Turkish bank or a Turkish venture capital investment fund and holding it for three years.

Government Bonds or Investment Funds: There have been other options available, such as purchasing government bonds, making a specified amount of capital investment, or creating jobs.

Montenegro:

Montenegro Citizenship by Investment Program provides only two citizenship investment programs: government fund contribution and real estate investments. In Montenegro’s Citizenship by Investment Program, investment options available for obtaining citizenship:

Real Estate Investment: The minimum investment required in approved real estate projects is EUR 250,000. The real estate can be located in designated areas, including undeveloped regions, Podgorica (the capital city), or coastal areas.

Government Fund Contribution: Applicants can choose to make a non-refundable donation to the Montenegrin government’s Development Fund. The minimum donation amount required is EUR 100,000. Additionally, applicants are required to pay government fees, due diligence fees, and other associated costs.

Conclusion:

In 2024, some of the best companies will be given a chance to get citizenship by investment. This program is famous all over the world. Each country offers unique benefits such as visa-free travel to key destinations and strategic world investment opportunities in real estate and government funds.

My Global Citizenship specializes in expert guidance on global citizenship, residency planning, and citizenship by investment programs. Our team offers comprehensive services, which aim to solve the complexities of global immigration. We prioritize client satisfaction by providing personalized strategies and reliable support throughout the process. We ensure empowering our clients worldwide to secure their desired citizenship and residency options efficiently.

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Residency by Investment

Indian Investors Flock Westward: Residence by Investment Sparks Interest

mgc

In recent years, a notable shift has emerged in the investment landscape of India, as an increasing number of savvy investors set their sights on the West. This newfound interest can be attributed to the rising popularity of residency by investment programs offered by several Western countries. These programs provide a unique opportunity for Indian investors to obtain permanent residency or citizenship by investment in a foreign nation by making substantial financial contributions. The reasons behind this trend and exploring the factors driving Indian investors westward are explored.

 

Economic and Political Stability:

One of the critical factors enticing Indian investors toward Western countries is their stable economic and political environments. Uncertainties surrounding domestic economic policies, geopolitical tensions, and bureaucratic hurdles in India have led many wealthy individuals and business tycoons to seek alternative avenues to safeguard their assets and secure a better future for their families. Western nations, known for their robust legal systems, transparent governance, and predictable economic growth, present a haven for long-term financial planning and ri

Source: Economic Times

In 2020, 18 million Indians were residing outside of their nation of birth, according to the graph above. The sizable diaspora of Indians is spread among Saudi Arabia (2.5 million), the United States (2.7 million), and the United Arab Emirates (3.5 million). Australia, Canada, Kuwait, Oman, Pakistan, Qatar, and the United Kingdom are among other nations that have considerable populations of immigrants from India.

 

Diversification of Assets:

Residency by investment programs offers Indian investors an attractive option to diversify their asset portfolios across international boundaries. By acquiring property or investing in local businesses overseas, investors not only benefit from the appreciation of foreign assets but also gain access to diverse markets, industries, and currencies. This diversification acts as a protective measure against economic downturns or fluctuations specific to India, ensuring financial stability and enhanced wealth preservation.

 

Global Education and Lifestyle:

Western countries boast prestigious educational institutions that cater to various disciplines, offering a broader range of opportunities and experiences. Access to quality education and an enriched lifestyle in these countries motivates Indian investors to pursue residency through investment options. A wonderful alternative would be Malta Citizenship by Investment, for instance, given the country’s 2021 literacy rate was 94.94%, up 0.44% from 2018. Malta’s 2018 literacy rate was 94.5%, up 1.2% from 2011. This shows a constant increase.

 

Business Expansion and Market Access:

For Indian entrepreneurs and business owners looking to expand their ventures internationally, residence-by-investment programs provide a strategic pathway to access foreign markets. With a GDP of over $906 billion, Turkey has the 19th-largest economy in the world. It is a participant in the G20 and the OECD, and it is a significant provider of ODA. Investors are subsequently drawn to Turkey’s Residency by Investment.

 

Freedom of Movement and Travel:

Another significant attraction of residence by investment programs is the freedom of movement they offer. Indian investors can travel visa-free or with ease to multiple countries, thanks to the diplomatic relationships their new resident or citizenship by investment status affords. This global mobility facilitates international business ventures, leisure travel, and networking, making it an alluring prospect for those seeking more extensive global connections.

Source: Passport Photo

 

The above maps show that 21 countries allow Indian citizens to visa-free destinations, 30 countries allow Visa-on-arrival, 50 countries allow for e-visa and 105 countries need visa issuance.

 

Tax Planning and Wealth Management:

Western countries often provide more favorable tax regimes and wealth management opportunities than India. By attaining residency or citizenship by investment in these countries, Indian investors can optimize their tax liabilities, protect their wealth, and potentially benefit from reduced tax rates on income, capital gains, and inheritances.

 

Conclusion

The surge of Indian investors seeking residency by investment in Western countries through investment programs reflects a strategic and prudent approach to wealth management, global diversification, and securing a better future for their families. The stability, opportunities, and benefits these countries offer have captured the attention of Indian investors seeking to transcend borders and expand their horizons. As more Indian investors flock westward, the landscape of international investment continues to evolve, fostering closer ties between India and the West.

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USA EB5

Unlocking a World of Opportunities: The Benefits of Obtaining a Green Card through the EB-5 Program

MGC

Many individuals desire to reside permanently in the United States and come from every corner of the world. To achieve this goal, the EB-5 Immigrant Investor Program provides an innovative approach. Foreign investors that make a qualifying investment in an emerging company that generates jobs in the United States can acquire a Green Card. In this article, we will explore the benefits of gaining a green card through the EB-5 program with facts and data. Understanding these benefits can assist individuals in making sound choices about their immigration and investment plans as well as acquiring the opportunities offered by the program.

The EB-5 Program in a Nutshell 

Let’s go through the EB-5 program first, and then we’ll dive into the benefits. To boost the American economy through foreign investment, the EB-5 Immigrant Investor Program was created by the US Congress in 1990. The program provides investors who qualify and their immediate family members with a path to US citizenship through investment. 

The chart illustrates the number of US EB-5 Visas issued each year, considering both main applicants and their dependents. The data reveals significant variations in the number of visas issued over time. During the COVID-19 pandemic, around 2,000 visas were issued, reflecting a notable decline, likely due to travel restrictions and economic uncertainties. However, in 2022, the number of visas issued rose to around 10,000, indicating a significant recovery in the program’s popularity and demand. This increase suggests a renewed interest in the US EB-5 Visa program, potentially driven by improved economic conditions and a growing desire for investment and immigration opportunities in the United States.

Source: https://www.imidaily.com/datacenter/us-eb-5-program-statistics/

To be eligible for the EB-5 program, investors must fulfill the following criteria:

Invest at least $1.05 million in a new business (or $800,000 in a targeted employment area). Within two years of the investment, create and sustain at least ten full-time jobs for US citizens.

          

Let’s take a look at the advantages of earning a green card under the EB-5 program.

Economic Benefits 

Job Creation:

The EB-5 Program’s basic aim is to generate job creation in the US. EB-5 investors create opportunities for employment in the United States by investing in a new commercial business. According to the United States Citizenship and Immigration Services (USCIS), EB-5 investments have contributed to the creation of roughly 276,000 jobs over the past ten years, significantly benefiting local economies.

Economic Growth:

The EB-5 Program promotes economic growth and stimulates communities. The program promotes entrepreneurship and innovation while attracting foreign direct investment. According to research carried out by the Association to Invest in the USA (IIUSA), EB-5 investments have contributed over $41 billion to the U.S. Gross Domestic Product (GDP) since the start of the program.

A comprehensive peer-reviewed economic study found that during the fiscal year 2012, investments made through the EB-5 program contributed $3.39 billion to the U.S. GDP and supported over 42,000 U.S. jobs.

Regional Development:

Some of the EB-5 investment opportunities have been chosen for targeted employment areas (TEAs), which are high-unemployment areas or rural regions. By channeling investments into these areas, the program promotes regional development, bringing economic benefits to underserved communities and creating a more balanced economic landscape.

Source: https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Between 1990 and 2022, the real GDP (gross domestic product) in the United States increased every year.

Education and Lifestyle Advantages 

Education Possibilities:

A green card obtained through the EB-5 program enables the investor’s children to study at world-class institutions. Schools and universities in the US are internationally renowned for their quality and provide an extensive variety of academic programs and extracurricular endeavors. Access to these institutions gives students an advantage in their future attempts.

Healthcare System:

The US is renowned for its modern medical equipment and excellent healthcare facilities. Additionally, it has a highly effective healthcare system. Individuals who obtain a US green card through investment are given top-notch medical care and complete health insurance coverage, ensuring their safety and well-being.

Quality of Life:

The United States possesses an excellent standard of living, with a wide range of amenities and services that accommodate a wide range of interests and lifestyles. The country provides a plethora of opportunities for personal growth, relaxation, and fulfillment, from prospering cultural scenes to leisure activities.

Freedom and Security 

Visa-Free Travel:

Green Card holders under the EB-5 Program enjoy greater mobility and flexibility in international travel. They can travel visa-free to numerous countries worldwide, including popular tourist destinations, expanding their horizons and facilitating business opportunities.

Security and Stability:

As a benefit of the provision of a green card, the EB-5 program includes a sense of security and stability. It ensures a long-term stay in the United States of America, a nation acknowledged for its powerful legal system and upholding of individual rights, and provides defense against changes in immigration regulations.

Other perks and benefits:

Holders of green cards have the opportunity to become US citizens after meeting the requirements. The benefits of becoming a citizen of the United States, including the ability to vote and hold public office, increase the options available to EB-5 investors and their families.

Conclusion 

The EB-5 Program provides a revolutionary path toward achieving the American Dream. Investors are not the only ones who benefit from the program because, in exchange for the green card, they give back many things to the country as well, like investments, job creation, and economic expansion. The benefits that come with a green card are just unmatchable, starting from great educational opportunities to a higher standard of living and greater accessibility for a lifetime.

For a smooth and successful application procedure, seek expert assistance from seasoned EB-5 experts and immigration attorneys as you embark on the process. Now is the moment to realize your goals and grab all of the opportunities that await you in the land of freedom and possibilities. Start your journey today and unlock a world of endless possibilities through the EB-5 Program.

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Uncategorized USA EB5

Comparing EB-2 and EB-5 Visa Options for Indian Immigrants Moving to the United States

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Choosing the appropriate visa category might be challenging for Indian immigrants looking for greater possibilities in the United States. The EB-2 and EB-5 visas are two of the many possibilities offered and are frequently chosen. If a National Interest Waiver (NIW) has not been granted, a company must apply for and get a PERM certification in order to sponsor professionals with advanced degrees or exceptional ability in their fields for them to be eligible for an EB-2 visa. While the EB-5 visa process USA provides a pathway to obtain a green card through investment and creating a minimum of 10 full-time jobs. To make an informed decision that aligns with their investor’s circumstances and goals, Indian immigrants must have a comprehensive understanding of these visa options, including their eligibility criteria, benefits, and key differences.

Comparing EB-2 and EB-5 Visas

The main distinction between the two visa categories is that the EB-2 visa would require one to have a sponsoring employer (unless applying for a  ) whereas the EB-5 visa process USA would only require a qualifying investment. 

Eligibility:

The EB-2 visa is primarily geared toward highly skilled professionals, while the EB-5 program eligibility USA is for investors with sufficient investment capital. Eligibility criteria are different for both processes. For example, EB-2 Visa requires a sponsor whereas EB-5 does not require dependency on such a factor. The EB-2 visa focuses on applicants with advanced degrees, exceptional ability, and those who possess labour certification. For EB-5 Visa the investment amount is done to a commercial enterprise enabling creation of jobs thus helping the economy of the country.

Job Requirements:

While the EB-5 visa process USA requires the creation of 10 full-time employment for Americans, the EB-2 visa needs a job offer from a U.S. firm. The start-up company concept must be highly meritorious, of national significance, and advantageous to the United States. 

 

                                                                          Source: IIUSA.ORG

 

The graph above depicts the estimated inflow of capital to the US economy with the EB-5 investments. The graph shows an increase till the year 2015 followed by a decrease. It is seen that during the covid times, a maximum fall in the investment inflow occurs.

Investment money

The EB-2 visa does not require any investment money, although premium processing will incur a charge of USD 2,500. This is a significant advantage of the EB-2 program as processing their application under other visa categories might take up to several years. The EB-5 program eligibility USA is favourable to investors who would like to obtain their citizenship by investment by making a positive impact to the economy.  For the EB-5 program, the minimum investment would be $1.05 million unless investing in a targeted employment area (TEA), where the minimum investment is reduced to $800,000.

Green Card Processing Time

According to USCIS processing estimates, the processing period for I-526 Immigrant applications for EB-5 visa process USA ranges from 29.5 to 61 months as of May 2023. A further chance to avoid processing delays is provided under the EB-5 Reform and Integrity Act of 2022 (the “RIA”) for Indian EB-5 investors who participate in rural projects. USCIS sets aside 20% of the total EB-5 visa supply for rural TEA projects.

 

                                                                        Source: IIUSA.ORG

 

The Form I-526 is an important application form that has to be approved so that the investor can apply for an EB-5 Visa. The above data indicates that for the year 2023 677 forms have been approved till March which seems like an increase compared to the year 2022.

No Visa Re-Stamping

Holders of an EB-5 visa are not required to get a new visa to enter or exit the country. This removes the inconvenience and unpredictability of retaining legal status while awaiting the approval of the EB-2 visa. 

Conclusion

An important choice for Indian immigrants hoping to immigrate to the US is choosing a suitable visa type. The divergence between the US EB-2 and EB-5 program eligibility USA has been thoroughly examined. For those possessing advanced degrees or exceptional talents, the EB-2 visa unveils a direct route to a green card via a job offer from a US corporation. Conversely, the EB-5 visa empowers investors to engage in a fresh enterprise, qualifying them for a green card along with various business opportunities and personal benefits. Navigating the intricacies of US immigration and selecting the optimal visa necessitates seeking guidance from an immigration lawyer or specialist. Ultimately, by carefully considering the merits and drawbacks of the EB-2 and EB-5 program eligibility USA and other options, Indian immigrants can make a decision aligning with their goals and aspiration.

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Blog

The Importance of Working with a Trusted Advisor in Citizenship by Investment Programs

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Citizenship by investment programs has become increasingly popular in recent years, with numerous countries presenting this option to high-net-worth people seeking to enter citizenship through investment. However, navigating the challenging requirements and regulations of these programs could be difficult; therefore, it is crucial to work with a trusted advisor.


Expertise and Experience:

The most important advantages of working with a trusted advisor are access to their knowledge and encounter with investment programs. These professionals have an exhaustive familiarity with the provisions and regulations of these programs, along with the intricacies of the investment procedure. They can provide assistance to navigate complicated legal and financial issues, guaranteeing that their application is transmitted accurately and efficiently.


Understanding of Program Requirements and Regulations

Citizenship by investment schemes could be complicated, with differing requirements and restrictions depending on the country and program. Trusted advisors have an exhaustive understanding of these provisions and regulations, guaranteeing that they meet all the appropriate conditions and pertinent laws.


Knowledge of the Investment Process

Investing in a foreign nation might be daunting, with abundant legal and financial considerations. Trusted advisors have encountered the investment process, assisting people to make informed investment decisions and navigate complicated financial problems.


Access to Resources and Contacts:

One more benefit of working with a trusted advisor is access to their contacts and resources. These professionals have formed bonds with key stakeholders, for example, authority officials, lawyers, and financial institutions, that might be valuable in getting US citizenship by investment. They can also provide advice on investment opportunities and employment, and they can offer introductions to reputable services.

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Relationship with Government Officials

Trusted advisors have formed bonds with key regime officials that might be vital to getting a US investment visa. These bonds can provide assistance in navigating the application procedure and guarantee that their application is reviewed efficiently.


Access to Service Providers

Trusted advisors can provide access to reputable service providers, for example, lawyers and financial institutions, assisting people to make informed investment decisions and meet pertinent regulations.


Choosing the Right Advisor

Selecting the right advisor is essential to getting citizenship by investment, as not all advisors have been developed equally. It is crucial to work with an advisor who has a proven track record of accomplishment in the field along with an exhaustive familiarity with the regulations and provisions of the particular program in question. Additionally, it is necessary to pick up an advisor who is obvious and communicative, offering crystal-clear advice and updates throughout the procedure.


Track Record of Success:

Trusted advisors have to have a proven track record and anecdotes of accomplishment in citizenship through investment programs, illustrating their knowledge and encounters in the discipline.


Understanding Specific Program Requirements:

It is necessary to work with an advisor who has an exhaustive familiarity with the particular program requirements, guaranteeing that people meet all appropriate conditions and pertinent regulations.


Transparency and Communication:

Trusted advisors ought to be obvious and communicative all over the citizenship by investment process, offering crystal-clear advice and updates to the people.


In the end, working with a trusted advisor is critical to citizenship through investment. These professionals can provide essential guidance, expertise, and resources around the process, guaranteeing that candidates meet all the necessary requirements and comply with relevant laws and regulations. By choosing the right advisor, people can optimize their probability of accomplishment and inherit the citizenship they crave.

Categories
Blog

The Benefits Of Investing in UK Real Estate for Tier 1 Investor Visa Applicants

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Investing in UK real estate holds significant advantages for investors applying for the Tier 1 Investor Visa program. Global investors seeking to diversify their portfolios and obtain residency in a democratic nation have long sought after the United Kingdom. UK real estate stands out as a particularly profitable alternative among the different investment options accessible. It is essential to understand the benefits of investing in UK real estate for a Tier 1 Investor Visa, the potential returns, stability, and long-term advantages associated with this asset class. Whether it’s the stable and resilient market, attractive rental yields, the potential for capital appreciation, portfolio diversification, or the path to permanent residency and citizenship, UK Citizenship by investment offers a compelling investment opportunity for those seeking both financial growth and a secure future in the United Kingdom.

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                        Source: Immigrant Invest

The aforementioned figure shows that if an investor invests £10,000,000 in the UK economy, they can acquire their accelerated permanent residency in two years, or in three years if they invest £500,000. They are eligible to seek PR in the UK by investment if the investor and his family have been present for more than 186 days in a calendar year. Three months after entering the country, the investor should invest £2,000,000,000 in UK government bonds or corporate shares of UK firms.

Stable and Resilient Market

One of its primary advantages is the UK real estate market’s sturdiness and stability. The UK has a robust legal framework in place that upholds property rights and fosters an environment that is free from restrictions on investments. Even in times of economic instability, the country’s real estate sector has generally exhibited steady development. This constancy gives investors confidence in their investments, especially those seeking long-term capital growth and rental income. Many factors, including the UK’s growing population, a lack of suitable housing, and a high demand for homes in desirable neighbourhoods, are cited as reasons for the market’s resiliency. The market’s stability makes it an attractive option for Tier 1 Investor Visa applicants who seek a secure PR in the UK by investment.

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                                       Source: getgoldenvisa.com

The above graph shows the number of investors per year from 2008 to 2011. The program was closed in February 2022. We can see an increase in the demand for Tier 1 Investors Visa till the year 2014 followed by a slight decline. In the year 2014, the number of Tier 1 Investor Visa issued was 1,172 for applicants and 1,823 for dependents.

Attractive Rental Yields

Particularly in big cities like London, Manchester, and Birmingham, purchasing real estate in the UK provides an opportunity to earn enticing rental yields. These cities are seeing rapid population growth, which is driving up demand for rental homes. Limited housing supply and a thriving rental culture contribute to the high rental yields in these areas. Tier 1 Investor Visa applicants can benefit from the rental income their real estate investments generate, providing a steady cash flow and potential return on investment. This income can contribute to covering the costs of the investment and even yield additional profits.

Potential for Capital Appreciation

In addition to rental yields, UK real estate has a history of strong capital appreciation. Over the long term, property prices in desirable areas have shown significant growth. The UK’s well-established property market, coupled with its attractiveness to international buyers, contributes to the growth potential of real estate investments. Investing in UK real estate 

can offer Tier 1 Investor Visa applicants the opportunity to accumulate wealth through capital appreciation. The potential for property values to increase over time enhances the overall return on investment and positions investors to benefit from the growing property market in the UK.

Diversification and Portfolio Stability

Investing in UK real estate allows Tier 1 Investor Visa applicants to diversify their investment portfolios geographically and across asset classes. Real estate has historically demonstrated a low correlation with other financial markets, such as stocks and bonds. By including real estate in their investment strategy, visa applicants can mitigate risk and potentially enhance portfolio stability. Real estate investments provide a tangible asset that can withstand market volatility and offer a degree of protection during economic downturns. Including UK real estate in an investment portfolio can provide stability and serve as a hedge against market fluctuations, further strengthening the overall portfolio.

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                           Source : Goldenvisa.com

The above chart shows the nationality distribution of UK Tier 1 Investor’s Visa where the highest distribution is for China which is 33% followed by Russia which is 18%. The least seen is for Ukraine which is 1.4%.

Path to Permanent Residency and Citizenship

The Tier 1 Investor Visa program offers a pathway to PR in the UK by investment and, eventually, UK Citizenship by investment. By investing in UK real estate, visa applicants can fulfil the investment requirements of the program, which require a minimum investment threshold. The program’s requirements can be met with real estate investments, and the long-term nature of these assets aligns well with the program’s objectives. Investors who obtain PR in the UK by investment benefit from a number of privileges, including the ability to live and work anywhere in the country, as well as access to healthcare, education, and other advantages. It offers visa-free travel access to investors for 185 destinations including the United States and Schengen. The UK real estate market offers potential financial rewards, but it also has the potential to open up new opportunities and ways of living.

Conclusion

Investing in UK real estate presents numerous advantages for Tier 1 Investor Visa applicants. The stability, potential for attractive rental yields and capital appreciation, portfolio diversification benefits, and the opportunity for UK Citizenship by investment and permanent residency make it an appealing choice. To make sure that investment options match their financial goals and risk tolerance, potential investors must do extensive research, consult with experts, and thoroughly evaluate them. In addition to achieving their residency ambitions, Tier 1 Investor Visa applicants can possibly earn from a successful and secure long-term investment by utilising the advantages of UK real estate. UK real estate is a desirable investment choice for international investors due to its stability and growth potential, as well as the benefits of diversification and the prospect of permanent residency.

Disclaimer –

The Immigration by Investment programs are offered by My Global Citizenship™. The above timeline is an estimate provided for information purpose only based on experiences with past clients. Processing time and costs will vary depending on a number of factors. My Global Citizenship™ is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis.

Please talk to our Consultants for the most up-to-date information.

Fees charged by My Global Citizenship™ is excluding the government and legal entity fees. For residency and citizenship separate fees have to be paid to government at each stage. These fees depend on the number of applicants and the complexity of the process.

For Advisory fees charged by My Global Citizenship™ and exact quote based on your family combination, please contact us.

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