Tax Residencies and Citizenship Programs

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Tax Residencies and Citizenship Programs

In most of countries all tax resident individuals are taxed on their worldwide income, regardless of the source. Individuals are deemed to be tax residents if they are physically present in country for more than 183 days during consecutive period of 12 months. The period of presence in most of countries is not interrupted in case individual is out of the country for less than six months for educational purposes or for medical treatment. Find out more information about taxation systems and jurisdictions without tax from foreign income.

Residency by Investment Programme is available:

Cyprus

Advantages of permanent residency in Cyprus:

  • Express procedure – 2 months before obtaining permanent residence
  • When Cyprus enters the Schengen area (which is expected in 2016), individuals having permanent residence in Cyprus, will have the right of free movement in the Schengen area.
  • Permanent residence is granted to the spouse of the applicant, their minor children, financially dependent adult children up to 25 years (if they are not married), as well as to the parents of the applicant and the parents of the applicant’s spouse.
  • The permanent resident itself doesn’t entail the tax liability in respect of Cyprus.
  • Persons having a permanent residence, are free to enter and reside on Cyprus without a visa.
  • The holders of permanent residence are not required to actually move to Cyprus. The only condition is to visit Cyprus at least once in 2 years Individuals with a permanent residence have a “second home” represented by Cyprus.
  • The actual residence in Cyprus leads to the Cyprus citizenship (currently after 7 years, that is 2.555 days of residence within 10 calendar years).

Requirements to the applicant in Cyprus

  • To buy the real estate with a minimal cost of € 300.000 (hereinafter the amounts are indicated without VAT). The real estate must be from the primary market and be purchased from the developer. Accelerated procedure of obtaining permanent residence is not applied to the cases of secondary real estate purchase
  • To pay from its own funds an amount of € 200.000 from the sum of the property value
  • To demonstrate that the purchase is carried out using the funds received from the sources outside Cyprus
  • To provide the proof that the applicant’s annual income (outside Cyprus) is at least € 30.000. It can be: wages, dividends, rental income, interest on bank deposits, pensions, etc. The applicant must also provide extra income in the amount of at least € 5.000 for the spouse and each child, as well as € 8.000 for each parent of the applicant and spouse
  • To place the amount of at least € 30.000 on the deposit in Cyprus bank for a period of 3 years

Permanent residence can be provided to the following family members of the main applicant:

  • Spouse of the applicant. The permanent residence for the spouse is made together with the main applicant but is considered as a separate permanent residence. When making a permanent residence for the spouse there is no need to purchase the real estate or place € 30.000 on a bank account in Cyprus bank.
  • Financially dependent minor children of the applicant and his/her spouse. The minor children can be specified in an application for permanent residence of one of the spouses.
  • Unmarried and financially dependent children of the main applicant at the age of 18-25 years, which can provide a certificate from the place of their study, valid for at least six months from the date of submission of the application. This category of children can also obtain the permanent residence without any additional investments. In this case, the parents should provide the proof of extra income in the amount of € 5.000 for each financially dependent child. The obtained permanent residence remains in force even after its holders reaches the age of twenty-five years and even if he/she is already married, is not a student anymore and is not financially dependent on the parents. However, this does not mean that the future spouse and children of such a person automatically receive the permanent residence.
  • Parents of the couple (of both spouses) of the main applicants, which are applying for permanent residence or have already received this status, are also eligible to obtain the permanent residency without any additional investments. Main applicants must provide proof of extra income of at least € 8.000 for each of the parents who are financially dependent on them. For each dependent parent, a separate application for permanent residence is to be submitted.

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Hungary

Advantages of the Hungarian Investor Residency Bond Programme:

  • Quickest permanent residency program in Europe. Registration of a life-long residence permit in just 30 working days
  • Absence of tax obligations. Unlike the majority of permanent residence programs in the EU, the profit of permanent residence holders who do not live in Hungary for more than 183 days a year is not subject to taxation
  • Program for the whole family. Spouse, minor children, dependent adult children without restrictions on age and dependent parents of the investor can be included in the application for Hungarian permanent residence
  • No requirement to live in Hungary. Unlike the majority of residence permit programs in the EU, holders of Hungarian permanent residence doesn’t have to reside in the country even for a single day, and this doesn’t entail the risk of permanent residence loss and doesn’t force to buy or rent property
  • Full return of investment. The state guarantees the return of the investment after 5 years
  • Free movement throughout Europe’s Schengen zone

Investment Requirements

  • 300,000€ Investment in government bonds of special purpose for a period of no less than 5 years
  • 60,000€ Administrative fee

Tax benefits for permanent residents in Hungary

With the introduction of a uniform standard for the exchange of tax information (CRS), which was designed to create a system for automatically sharing information about the owners of accounts and the “de-offshorization” of assets, more and more people are thinking about choosing a tax residence and maintaining privacy from CRS (with regards to their first country).

Hungary offers opportunities for permanent residents to become a tax resident without living in Hungary. There are no taxes on income earned outside of Hungary, there is no tax on dividends and inheritance, and the corporation tax is 10-19%.

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Greece

Advantages of Greek Residence Permit:

  • Visa-free entry to all the countries of the Schengen Agreement practically not limited in time
  • The whole family has the right to live in any country of the Schengen area during the period when the residence permit is valid
  • There is no need to stay in Greece for a certain period of time
  • The right to apply for citizenship after five years from the date of obtaining permanent residence
  • The right to register or purchase his own business
  • The right to educate his/her children in educational institutions of the Schengen countries
  • The right to obtain the permanent residence after five years from the date of obtaining residence permits

The resident permit of Greece through investments in real estate

Residence permit through by investment to real estate can be obtained by those third-country citizens who:

  • Own real estate or have at their disposal the Engagement Agreement signed with a Realtor or Lawyer on the purchase of real estate (as the sole owner of a legal entity) in Greece, the cost of which is more than 250,000 EUR according to notaries act
  • Own rental commercial real estate of tourist purpose (as the sole owner of a legal entity) in Greece, and the Lease Agreement concluded not less than for 15 years;
  • Did not have a criminal record in the past and are not included in the Greece Undesirable Persons Catalog.

The Features of Greek Residence permit through investment in Real Estate:

  • The minimum required amount of value of the property in 250.000 EUR can make the total cost of a few properties;
  • The minimum required value of real estate in 250,000 EUR can be realized with the value of real estate in 150,000 EUR due to the appraised value made by an independent Appraiser company;
  • The owned property can be rented;
  • For the successful extension of residence permit, it is not required to live in Greece.

Greek residency for financially independent persons:

Residence permit for financially independent persons can be obtained by those third-country citizens who:

  • Have a stable income (from 2000 EUR per month), which allows them to live in Greece not applying to the country’s social security system
  • Did not have a criminal record in the past and are not included in the Greece Undesirable Persons Catalog.
  • A financially independent person has the right to be accompanied by family members (only the spouse and children under the age of 18 years are considered), who receive a residence permit as family members of the financially independent applicant.

The registration of this residence permit category can begin with:

  • D visa registration at the nearest diplomatic embassy of Greece;
  • The direct submission of the application for residence permit to the Immigration Department of Greece. The submission of an application and the obtaining of a residence permit can be made either by Greek Attorney basing on the Power of Attorney certified by a Notary and an Apostille, or directly by the Applicant. In order to obtain the residence permit of this category, the biometric data is provided personally by the Immigration Department.

In order to obtain D visa the following documents must be submitted:

  • Valid travel passport or other travel documents with a valid visa that is recognized by Greece.
  • Prerequisite: A passport must be valid for at least three months after visa expiring, have at least 2 blank pages and be published during the last decade.
  • Certificate of no criminal record.
  • Health certificate issued by a public or private medical institution that is recognized by the State of which the applicant is national, where it will be indicated that the applicant does not suffer from the disease dangerous to public health, according to the international standards of the World Health Organization, or other disease requiring quarantine to protect public health.
  • The proof of having a monthly income of 2000 EUR per month.

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Malta

Indefinite Residency in Malta through investment in government bonds:

Advantages of Indefinite Residency in Malta through investment in government bonds:

  • Accelerated process of the permanent residence obtaining
  • Low cost of processing
  • Government guaranteed return of the entire amount invested in 5 years
  • Obtaining of the resident status by all family members at once, including parents and grandparents for a lifetime
  • State guarantees
  • The ability to finance investments
  • Minimum number of days to be spent in Malta is not specified
  • Reliability of investment. Rating of Maltese bonds is “A”
  • The ability to include spouse, children under 26 years and parents/grand parents in the application

Investment Requirements:

  • Investments in highly reliable Maltese government bonds in the amount of €250,000, for a period of 5 years
  • Contribution to the State Fund of Malta in the amount of €30,000
  • Buying or renting a property in Malta for your own use
  • Affidavit about wealth

Maltese Global Residency Programme

Advantages of Global Residency Programme

  • Residence Permit of Malta
  • Maltese Tax Resident status
  • Possibility of double taxation relief
  • Under specific conditions it is possible to pass the special social status to its inheritor
  • The above-mentioned benefits don’t oblige to stay at Malta for a long time

Requirements for Global Residency Programme

  • The Applicant must be a citizen of one of the country that is not a part of the EU and cannot be a citizen of Malta, EU or EAA countries as well as of Switzerland
  • The Applicant and his/her family should have a valid medical insurance
  • Stable and permanent income
  • Due diligence is to be undergone
  • To be fluent in one of the Maltese official languages (English, Maltese)
  • Valid travel documents

The Applicant should have the residential property:

  • Acquire residential property on Malta, at the cost of not less than € 275,000 or € 220,000, if the property is located on the South of Malta or on the island of Gozo

OR

  • Rent residential property on Malta, which minimum annual rent is not less than € 9,600 or € 8,750, if the property is located on the South of Malta or on the island of Gozo

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Panama

Residency

The comparison with Singapore immigration and growth policy is not coincidental as Panama has largely modelled its economic, fiscal and immigration strategy on Singapore with numerous residency programmes designed to attract the right kind of person to Panama. 18% of Singapore’s population now have over USD 1 million in disposable cash reserves. In Panama, the situation will soon be the same.

Panama offers programmes for those who are retired, for entrepreneurs wishing to establish a business, for skilled migrants and recipients of the pensions (pensionados).

Advantages of the Residency Programme in Panama:

  • There is no Spanish language requirement and indeed no language requirement whatsoever (unlike Canada, United States, New Zealand, Australia)
  • Provided that you are generally in good health and have no seriously contagious diseases there is no onerous medical testing or procedures and in most cases even if you have illnesses (such as heart disease, etc.) exemptions and waivers can be easily obtained
  • The initial residency permit is granted within three weeks with a final permit generally after three months making the procedure a lot faster than others
  • There is no age barrier
  • The cost of residency in terms of government and professional fees is far below most other countries

The Panamanian Residency Options:

Self Economic Solvency Visa for Investors
If you invest in Panama Real Estate or make a deposit in a Panama Bank for a sum of 300,000 USD then you are eligible for permanent residence. Your family, namely spouse and children, can qualify for permanent residence as well, upon an additional

investment of USD 2,000 per each dependent. This program offers three investment options.

Option 1. The easiest form of investment is real estate which returns around 6-8% ROI. At present, you can buy inner city apartments from USD 2000-3000 per sq. m. Thus the typical investment would be three 50 sq. m. apartments returning around USD 1000 each. A USD 300,000 investment would, therefore, return roughly up to USD 3000 a month yielding around 7-8% after expenses. Since Real Estate in Panama grows at a rate of 7-10% per year and is anticipated to keep growing over the next twenty years, investing is not only a perfect residency solution but a financial solution as well.

Option 2. An investment of USD 300,000 or more is made in a fixed deposit account with one of the Panama Banks. The minimum deposit time is three years and investor needs to open an additional savings account in Panama for the collection of interest. The income from the deposit is not taxed in Panama.

Option 3. The investor may choose to combine the two above-mentioned options by making an investment in both Panama real estate and a Panama bank deposit where the equity and cash amount total at least USD 300,000.

For example, an investment of USD 200,000 in real estate property plus a deposit of USD 100,000 with one of the reputable Panama banks will be sufficient for an applicant to qualify for a residency visa. For every dependent to be included with the visa, an additional USD 2,000 must be invested.

For any of these 3 options, once the investment is made a residency card for 2 years is issued within about 4 months, after which permanent residency is achieved. Residents of Panama are eligible to apply for Panamanian citizenship after 5 years of permanent residency in Panama.

Travel Passport and Residency Visa

An investment of minimum USD 250,000 is made in a fixed deposit bank account with one of the Panama government banks. The amount of deposit will depend on the interest rates offered at the time of making the deposit, but it must generate a monthly interest of at least USD 850.

Within 4 months a travel passport is issued by the Government of Panama for travel for the holder and his immediate family members. This is not a Panamanian citizenship, but a hybrid temporary passport.

The deposit is supposed to be for 5 years term (the same as the validity of a normal Panama travel passport) with an option to renew the deposit and passport for another 5 years, if necessary. As long as the deposit is held the investor and his family are entitled to reside in Panama, the deposit can be withdrawn any time but once with- drawn the residency is lost.

Pensionado Visa (Retirement Visa)

This is the world premier pension and retirement visa having been voted as the best and easiest retirement programme in the world today.

The programme is open to any age or nationality but you must be able to demonstrate that you have a fixed income from a pension or retirement fund equivalent to USD 1,000 per month for the applicant or for the applicant with a spouse.

Another USD 250 per month must be generated by pension for each dependent.

If an applicant has purchased a property in Panama with a value of at least USD 100,000, the monthly pension requirement can be reduced to USD 750.

The retirement visa grants residency as well as discounts of up to 50% on restaurants, travel, entertainments and even government medical services.

Panama has been voted as on of the world’s top retirement havens because of its advanced medical facilities and infrastructure. There are numerous retirement communities in Panama where real estate is very affordable.

Macro Investor

The applicant must invest at least USD 160,000 in a new or existing business which employs at least five Panamanian residents/citizens.

Currently there are numerous business opportunities in Panama that also have immense tax incentives. For example the Panamanian government is able to give tax exemptions for tourism business. Due to the fact that Panama is growing at a rapid rate business in Panama is also benefitting from growth. Panama has an influx of immigrants, many with high wealth and spending power and small medium and large business is set to benefit form this huge growth.

Currently opportunities exist in tourism, hotels, fishing, manufacturing, wholesale and retail, medical centres, restaurants as well as agriculture. Indeed if you have good business experience and are able to give good service you will thrive in Panama.

Reforestation Visa

The Panamanian Government has implemented a country wide reforestation programme so that it can benefit form Timber industry development. In order to encourage investment in this sector the government offers residency for a minimum investment of USD 80,000 for a purchase of minimum 5 hectares in an approved forestry project.

The advantages are that this investment entitles 2 adults (married couple) and their children to gain residency, followed by the right to apply for a Panama citizenship, and eventually earn a projected income on investment of 2% yearly.

Professional

If you are a professional whose skills are needed by Panama you will be able to obtain residency without any capital requirements and without even having to have an existing job offer from an employer.

Due to Panama’s rapid expansion the list of skilled and qualified personnel is always expanding and it would be fair to say that Panama needs almost all highly skilled persons from Boat Captains to engineers to computer programmers. Indeed Panama has presently the lowest unemployment rates in Latin America which means that there is a desperate shortage of skilled people here.

At present there is no requirement to be able to speak Spanish, no requirement to prove job history and no requirement to have a job offer making this one of the easiest skilled migrant programmes on earth. All you require is your university degree and clean medical record.

However please note there is a small list of restricted professions which only Panamanians can perform. These professions are: lawyer, doctor, psychologist, sociologist, economist, all kind of engineering, nursing, social workers, accountant, real estate agent.

Panama’s National Service of Immigration has a registration of businesses dedicated to specialist’s activities. The immigration department issues rules and regulations defining what type of job titles or functions qualify as being “special”.

Friendly Nations Visa

In order to encourage immigration from countries considered most favourable, Panama has created a low cost immigration incentive which allows you to obtain residency in a matter of three months with only the requirement to open a company in Panama and to “intend” to do business.

This category has 50,000 applicants per year and it is likely that it will soon be oversubscribed so you only have a window of a year at most in our opinion to apply.

The countries which are eligible for the Friendly Nations Visa are:

  • Argentina
  • Australia
  • Austria
  • Brazil
  • Belgium
  • Canada
  • Chile
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Portugal
  • Poland
  • Germany
  • Great Britain and Northern Ireland
  • Greece
  • Hong Kong Special Administrative Region
  • Hungary
  • Ireland
  • Israel
  • Japan
  • Latvia
  • Lithuania
  • Luxembourg
  • Mexico
  • Montenegro
  • Netherlands
  • New Zealand
  • Norway
  • Principality of Andorra
  • Principality of Liechtenstein
  • Principality of Monaco
  • Republic of Malta
  • Republic of San Marino
  • Serbia
  • Singapore
  • Slovak Republic
  • Spain
  • South Africa
  • South Korea
  • Sweden
  • Switzerland
  • Taiwan
  • United States
  • Uruguay

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Portugal

ADVANTAGES OF THE PORTUGUESE GOLDEN VISA

  • Straightforward and flexible investment requirements
  • Extremely low minimum stay requirements – 7 days first year and 14 days following periods of 2 years
  • Possibility of Permanent Residency after 5 years and nationality after 6 years
  • No limitations on ownership of the selected investment
  • Residency applications quickly processed
  • Fully extensible to family members (with no further investment requirements)
  • Freedom to travel to all European countries members of the Schengen area
  • No limitation on subsequent investments or employment opportunities
  • Very limited number of documents required
  • Access to all Portuguese Public Services, including health and education

FEATURES OF PORTUGAL GOLDEN VISA:

New laws approved by the Portuguese Government open up the possibility of applying for a residence permit to third state Citizens.

This new residence permit seeks to attract new investment into Portugal through the purchase of real estate for a minimum period of five years.

The holders of the residence permit for investors will have the right to family regrouping and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance with the current legal provisions. The investor must purchase one or more properties with a value of or above € 500,000.00 (five hundred thousand Euros). They may also choose to purchase a property in co-ownership as long as each co-owner invests more than € 500,000.00 (five hundred thousand Euros).

The requisite of purchasing a property can also be demonstrated with a promissory contract with a deposit of or above € 500,000.00. This means that a residence permit for investment can be applied for with a mere signed promissory contract. The promissory contract must be registered at the Land Registry Office and before renewing the residence permit for investment, the title deeds of purchase and sale must be presented.

A declaration issued by a financial institution is also necessary to prove the transfer of the capital for payment of the deposit in the promissory contract in the amount of or above € 500,000.00 (five hundred thousand Euros).

The properties purchased can be rented out or leased for commercial, agricultural or tourist exploration.

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Switzerland

Advantages of a Swiss residence permit:

Possibility to live in an economically stable environment
Pleasant and prestigious lifestyle
Possibility to obtain a residence permit for family members

A Swiss Residence permit through lump-sum taxation

Some cantons may grant residence permit to foreign nationals under an annual fixed tax regime, calculated on the bases of the annual cost of living expended by the taxpayer.

The regime concerns the foreigner and his/her family members (spouse and minor children), who don’t carry out any business activity in Switzerland. The lump-sum taxation on the federal level is CHF 400,000 and cantonal tax rates vary depending on the cantons.

In order to apply for a residency permit under the lump-sum taxation regime, the following documents must be submitted:

  • Valid passport copy
  • Proof of address
  • Certificate of criminal record
  • Valid insurance policy in Switzerland
  • Detailed CV
  • Declaration stating that the applicant will not carry out any business activity in Switzerland
  • Agreement concluded with Tax Administration

Additional documents to be submitted for each of the applicant’s family members:

  • Completed and signed questionnaire
  • Legalized copy of marriage certificate or divorce certificate, if applicable
  • Legalized birth certificates for minor children

A Swiss residence permit through company incorporation

In order to apply for a residence permit through incorporation of a Swiss company, the following criteria shall be met:

  • Incorporation of a Swiss company (SA form)
  • Innovative nature of business and significant investments expected (about CHF 1 to 6 million)
  • Creating of new jobs for local nationals
  • The applicant must be appointed as director of the company and has signed the employment agreement
  • Foreign nationals may be permitted to work only is it is proven that no domestic or EU/EFTA application has been suitable
  • The applicant must possess educational and professional qualifications, work experience, language level and other skills required for the position

The applicant must fill in and submit the necessary application forms to the immigration authorities, accompanied by:

  • A valid passport copy
  • 2 photos (passport format)
  • Detailed CV
  • Valid insurance policy in Switzerland
  • Legal address proof
  • Business plan, description of the company’s activity, estimated company budget
  • Proof of unsuccessful research of employees on the Swiss and European labor markets
  • Copy of employment agreement, of diplomas and certificates proving that the applicant has sufficient education, work experience, skills and qualifications
  • Certificate of criminal record

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

UK

UK TIER 1 INVESTOR VISA:

  • Tier 1 Investor visa is intended for those who are willing to invest in the UK no less than £2.000.000.
  • Investor visa, or a residence permit on the “investor” category or Tier (1 Investor) – can be formalized for the whole family (spouses and children under 18).
  • Initially, the visa is issued for three years and four months (in the case of investments of £ 2.000.000, with the following extension for two years).
  • It is possible to travel outside the UK on an investor visa up to 180 days a year.
  • It is important that the applicant for an investor visa to the UK does not need to confirm his/her knowledge of the English language and does not need to prove the availability of funds for the family that resides in the UK.
  • The candidate is deemed to be wealthy enough in order not to work.
  • There is no need to provide his/her plans for business development to the immigration office, in contrast to the candidates applying for an entrepreneur visa.

The terms of obtaining permanent residence and citizenship of the UK depend on the amount of investment, namely:

  1. Investment of £ 2.000.000: the permanent residence is obtained in 5 years and the citizenship of UK on the 6th year.
  2. Investment of £ 5.000.000: the permanent residence is obtained in 3 years and the citizenship of UK on the 5th year.
  3. Investment of £ 10.000.000: the permanent residence is obtained in 2 years and the citizenship of UK on the 5th year.

Along with the investment of personal funds, it is possible to use borrowed funds provided by the British financial institutions.

According to the immigration rules, along with the investment of personal funds, the investor has the ability to use borrowed funds that should be obtained in the British financial institutions:

  • A loan of £2.000.000 may be obtained under the condition that “investor” has the financial means of no less than £4.000.000.
  • A loan of £5.000.000 may be obtained under the condition that “investor” has the financial means of no less than £10.000.000.
  • A loan of £10.000.000 may be obtained under the condition that “investor” has the financial means of no less than £20.000.000.

Funds and assets owned by a spouse or a partner can also be considered in the evaluation of private means of the “investor”.

Conditions for obtaining Tier 1 (Investor) visa:

  • The candidate has free financial means in the amount of £ 2.000.000 and is ready to invest at least £ 1.500.000 of them in the UK economy through the purchase of the British governmental / corporate bonds, shares of UK companies or through the investment of funds in the existing companies registered in the UK.
  • Investments in real estate or means placed on the general deposits in the bank are not taken into account.
  • The remaining amount of £500.000 can be managed by the candidate on his own discretion. For example, he can buy property, or deposit the money in a bank account.
  • In making an assessment of the candidate financial means the funds and assets owned by his spouse, partner in a civil marriage or same-sex partner can be considered.

Or

  • The candidate can take a bank loan in the UK financial institutions for investments worth no less than £2.000.000. In this case, it is necessary to show the availability of financial means of no less than £4.000.000.

UK TIER 1 ENTREPRENEUR VISA:

  • Tier 1 Entrepreneur Visa is created for those who want to open a new business in the UK or buy an existing one (or a share in it).
  • Residence permit on the Tier (Entrepreneur) category – can be formalized for the whole family (spouse and children under 18).
  • Initially, the visa is issued for three years and four months with the following extension for two years, the permanent residence is obtained in five years and citizenship of the UK on the sixth year.
  • It is possible to travel outside the UK on entrepreneur visa up to 180 days a year.
  • The entrepreneur can open or buy any UK company of the four existing types (or a share in it): The private company with limited liability, the public company with limited liability, the private company with unlimited liability, the private partnership with limited liability

Conditions for obtaining Tier 1 (entrepreneur) visa:

  • To know English language at the appropriate level: The minimum level of language knowledge should correspond to the level B1 of the pan-European CEFR scheme.
  • Availability of funds for residence: The applicant must provide evidence that he has the sum of money with a minimum required balance on his bank account. There must be no less than £ 3.100 during the last three months, in that case the amount for each family member is defined as the £ 1.800. The candidate cannot use the part of the investment money to prove the availability of funds for residence.

Investment of £ 200.000 in business in the UK:

The applicant does not need to have his own funds in the amount of £ 200.000. This amount of money can be obtained from the third parties, namely:

  • from relatives living either in the UK or abroad
  • from anut other investor staying in the UK or abroad
  • from any legal entity staying either in the UK or abroad

Need more details about residency program? Please call us or fill in the form and we will get back to you shortly!

Other countries:
Novasigma is able to assist our clients (business owners) to apply for permanent residency also in following jurisdictions:

Please contact us to find out more about advantages, disadvantages and requirements in these jurisdictions.

A Second Passport and Citizenship through investment

There are a few countries where you can legally acquire a second passport in a matter of months, provided you pass certain basic qualifications such as: having a clean criminal record, clean bill of health, and due diligence screening. The Federation of St. Kitts & Nevis, the Commonwealth of Dominica, Antigua & Barbuda, Grenada, and St. Lucia are all sovereign countries in the Eastern Caribbean that offer Economic Citizenship programmes.

Interested in Obtaining a Second Passport? Consider obtaining a legal second citizenship if:

  1. The tax burden in your home country is unnecessarily high
  2. Political issues in your country make obtaining travel visas difficult or impossible
  3. You are subjected to punitive currency controls
  4. Your assets may be at risk of litigation
  5. Your current passport puts you at risk from hostile groups
  6. Your freedom to work and/or invest where you choose is restricted in any way by your current citizenship

If you hold a second citizenship and passport you will be armed with all of the documentation that you require if the need arises and you will sleep better at night.

These are just some of the reasons why you should consider obtaining a second nationality and 2nd passports. A second passport citizenship through investment is now being sought by many intelligent entrepreneurs and professionals throughout the world and the countries that offer this have few restrictions when it comes to awarding citizenship.

It is known as “International Diversification” and it is on an upward trend among smart people who only currently hold one citizenship. They know that once they have everything in place for multiple citizenship they have a quick exit route into a more secure environment should things go wrong in their home country.

Some people do not believe that such oppression from their home governments really exists. History has taught us otherwise. There are recent examples of where citizens of the so called “free” countries have had their passports confiscated as well as their assets. If you know how to get a second citizenship legally and how to get a second passport then you are on the path to freedom.

Dual citizenship, passport with extensive visa-free travel, and secure confidentiality in tax free jurisdictions are available for wealthy businessmen and families in following jurisdictions:

Antigua and Barbuda

Antigua and Barbuda – Citizenship by Investment Programme

  • Early in 2013, the Senate of Antigua and Barbuda voted to establish a Citizenship by Investment Programme to spur growth in the islands. Antigua has long been an international hub for the West Indies and the new CIP is breathing life into the tourism and financial sectors.
  • An Antigua & Barbuda passport allows visa-free travel to more than 145+ countries including all European Union countries, the United Kingdom, Ireland, Caribbean and Commonwealth nations.
  • Antigua & Barbuda is the only Caribbean CIP to offer Visa-Free travel to Canada.
  • The granting of citizenship is at the sole discretion of the government and there is no guarantee that the applicant will be approved.

Real Estate Investment Option

To qualify, the investor (or investors) must enter into a contract to purchase approved real estate with a minimum value of US$400,000. Once the purchase contract has been signed and the funds are in escrow, the investor may apply for citizenship. The real estate purchase contract is contingent on the citizenship acceptance.

Upon submission of your application you will be asked to pay the due diligence fees and 10% of the government processing fee. Once citizenship has been accepted with a letter of approval the real estate purchase will be completed and the balance of the government fees are due. The Real Estate Investment can not be sold for a minimum of 5-year period. Authorized real estate developments cater to make every effort to ensure ownership is a hassle-free experience.

Investment minimum: US$400,000
Real estate holding period: 5 yrs
Legal & Escrow: 1%

Government processing fees:

Investor: US$50,000
Spouse: US$25,000
Dependents age >18 US$25,000
Dependents age 18-25 US$50,000

Approved Real Estate in Antigua and Barbuda

  1. TAMARIND HILLS
  2. NONSUCH BAY RESORT
  3. HODGES BAY RESORT
  4. NELSON’S RETREAT
  5. DANIEL BAY
  6. PLEASURE COVE RESORT & SPA
  7. SOUTH POINT

Donation Option

Official entity: National Development Fund (NDF)

In order to qualify for this programme, the investor makes a designated non-refundable donation to the government-controlled National Development Fund (NDF). This non-profit fund is subject to parliamentary oversight to allow for transparency and accountability and will also be audited by an internationally recognized accounting firm.

The minimum investment is US$200,000 and additional fees apply per family member. However, before transferring the funds, applications are submitted with due diligence fees for the applicant and all dependents who are 12 years of age and older and 10% of the government processing fee. Following the completion of the due diligence process, a letter of approval will be issued and instructions will be given for transfer of funds within 30 days. Citizenship is granted, then.

Donation Amount:

Investor only: US$300,000
Investor + Spouse US$350,000
Investor + Spouse+ 2 kids US$400,000

 

Business Investment

Antigua & Barbuda offers a third option of direct investment into an authorised business on the islands. The required minimum investment levels are as follows:

  • An individual makes an investment in an approved business of at least US$ 1,500,000 on their own behalf.
  • A minimum of at least two individuals can make a joint investment in an approved business totalling at least US$ 5,000,000. (Each investor is to contribute at least US$400,000 individually.)

All potential investors are advised to contact the Antigua and Barbuda Investment Authority (ABIA), through an authorised CIP agent to discuss the details of the proposed investment before initiating business.

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

Cyprus

Cyprus, known for its Mediterranean climate, is considered to be an attractive place for both businesses and residents. Investing in Cyprus real estate is beneficial due to the island’s labor, attractive taxation and a reliable transport.

Cyprus is a small and adaptable free-market economy with a positive long-term outlook despite the current challenging environment. Cyprus was ranked number 58 out of 144 countries by the World Economic Forum Global Competitiveness Report.On March 28, 2014, the Government of Cyprus announced the changes to the legislation that would allow foreign investors to acquire the citizenship of Cyprus (EU) and to obtain a passport by naturalization.

Advantages of Cyprus Citizenship:

  • Citizenship of an EU member state
  • Have the right to live, work, and study in all 28 EU countries
  • Have the right to security within the European social and legal system
  • Full citizenship and passports are granted to the applicant and all family members
  • Allowance of visa-free travel to 159 countries around the world
  • No residence is required

Investment Requirements in Cyprus

  • To qualify for citizenship of Cyprus investor must purchase real estate with the minimum value of €2,000,000
  • The investor should not have a criminal record in the country of residence and on Cyprus.
  • The other property can be sold in 3 years.

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

Dominica

Dominica – Citizenship by Investment Programme

Created as a stimulus for domestic economic growth in 1993, Dominica citizenship-by-investment is one of the most affordable legal program available to the global community.

A Dominica passport allows visa-free travel to more than 135 countries, including the United Kingdom and Caribbean and Commonwealth nations.

The island imposes no residency requirements and no income, wealth or inheritance taxes.

There is currently no mandatory interview requirement for the Dominican Citizenship by Investment Program; however, an interview may be required at the discretion of the government.

The granting of citizenship is at the sole discretion of the government. There is no guarantee that the applicant will be approved.

Citizenship by Real Estate Investment Option

In order to qualify for Citizenship, the applicant must invest US$200,000 minimum in an approved Real Estate Project.

Following approval of a real estate investment application, the following government fees are payable:

  • USD 50,000 for the Main Applicant
  • USD 25,000 for the Spouse
  • USD 20,000 for each dependent of the main applicant under the age of 18
  • USD 25,000 for each dependent of the main applicant aged 18-28 or 55+ years
  • US$ 3000 processing fee per each applicant
  • US$ 750 Fee for Certificate of Naturalisation per each applicant

Given that the application procedure under this option entails the purchase of real estate, this may prolong the processing time which is subject to the chosen property.

The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the original purchase date.

Due Diligence (in the event of Real Estate investment and Government Donation)

  • US$ 7500 for the main applicant
  • US$ 7500 for the spouse
  • US$ 4000 for the each dependent above the age of 16
Investment minimum: US$200,000
Real estate holding period: 3 yrs
Legal & Escrow: 1-2%

Government processing fees:

Investor: US$53,750
Spouse: US$32,250
Dependents age >18 US$23,270
Dependents age 18-25 US$28,750

Approved Real Estate in Dominica

  1. CABRITS RESORT KEMPINSKI
  2. TRANQUILITY BAY – CURIO, A COLLECTION BY HILTON
  3. JUNGLE BAY RESORT, DOMINICA
  4. SILVER BEACH RESORT & SPA

Citizenship by Donation Option

Official entity: Government Direct

If the investor is the sole applicant (no citizenship for family), the single investor would be required to make an investment of US$100,000.

For families looking for second citizenship, investment requirements are listed below:

  • Single Applicant – US$100,000 non-refundable investment
  • Applicant plus spouse – US$175,000 non-refundable investment
  • Family Application (Two applicants plus one spouse and two children below the age of 18 years) – US$200,000 non-refundable investment
  • Additional Dependent – US$50,000
  • US$ 3000 processing fee per applicant
  • US$ 750 Fee for Certificate of Naturalisation per applicant

In the event the applicant is not accepted, the contribution is returned minus the application fee. The granting of the citizenship is at the sole discretion of the government of Dominica – most applicants are only denied when due diligence reveals false information or that the applicant has a criminal record.

When the investor has been approved, the payment is made to the Dominica government account. Dominica views the economic citizenship program as part of its national capital mobilization portfolio and channels the above mentioned funds towards school construction, hospital renovation and promotion of the offshore sector.

Once the required background interview is completed and documents are submitted, a Certificate of Naturalization and passport may be issued in as fast as eight weeks. However, processing times can vary depending upon the country of current citizenship. The Minister of Legal Affairs will sign the Certificate of Naturalization authenticating citizenship of the Commonwealth of Dominica.

Donation Amount:

Investor only: US$100,000
Investor + Spouse US$175,000
Investor + Spouse+ 2 kids US$200,000

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

Grenada

Grenada – Citizenship by Investment Programme

In 2013, the independent island nation of Grenada re-launched their Citizenship by Investment Programme.

  • A Grenada passport allows visa-free travel to more than 135 countries.
  • Grenada offers no income, wealth or inheritance taxes.
  • There is no requirement to visit Grenada in order to qualify for citizenship through real estate investment, although all applicants are subject to a strict background check.
  • The granting of citizenship is at the sole discretion of the government. There is no guarantee that the applicant will be approved.
  • Large family-friendly programme.
  • E2 Visa opportunity.

Citizenship by Real Estate Investment Option

To qualify, the applicant must invest in approved real estate with a minimum value of US$350,000.

The process of obtaining Grenada Citizenship by Investment usually takes 3-4 months. The applicant must enter into a sales and purchase agreement with an approved real estate project and transfer full investment and associated fees to a Escrow account controlled by an on island attorney. Once it is done, the authorized agent submits applications and required documents to the Government and receives the Approval and the Certificate of Naturalization. With these documents on hand, the authorized agent submits request for passport.

Investment minimum: US$350,000
Real estate holding period: 4 yrs
Legal & Escrow: US$12,000

Government processing fees:

Investor: US$50,000
Spouse: US$0
Dependents: US$25,000 per after 3 dependents

Approved Real Estate in Grenada

  1. MOUNT CINNAMON RESORT
  2. LEVARA BEACH RESORT

Citizenship by Donation Option

Official entity: National Transformation Fund (NTF)

In order to qualify for this programme, the applicant makes a donation to the government-controlled National Transformation Fund (NTF). This option allows one to complete the process in two stages: the permanent residence stage and the citizenship application stage. However, you can apply directly for citizenship only.

The minimum investment is US$200,000 and additional fees apply per family member.

Donation Amount:

Investor only: US$200,000
Investor + Spouse US$225,000
Investor + Spouse+ 2 kids US$275,000

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

Malta

Malta – Individual Investor Program (MIIP)

The Malta Individual Investor Program (MIIP) requires the Applicant to make a significant economic contribution to the country. In exchange, following strict conditions including a thorough background check, Applicants and members of their family receive citizenship.

Advantages of Malta Individual Investor Program:

  • A passport of Malta allows visa-free and hassle-free travel to 166+ countries in the world, including the UK, USA and Canada, as well as all European countries
  • A possibility to include in the application children under 26 years old and parents/grandparents over 55 years old
  • Citizenships obtained by the programme grants the rights of full citizenship for life and can be passed down to decedents
  • Malta is an attractive place to live or to own a second home and is strategically located with excellent air links
  • The country imposes no inheritance, net worth or wealth taxes

Malta – Investment Requirements for Citizenship

To qualify for citizenship of Malta, the main applicant must be at least 18 years old and meet the following investment requirements:

Contribution to the National Development and Social Fund (NDSF) € 650,000
Acquisition of real estate with a minimum value of € 350,000 to be held for at least 5 years, Or Lease residential real estate in Malta for a period of 5 years, at an annual rent of at least € 16,000 € 350,000 / 5x € 16,000
Investments in stocks, bonds or special purpose vehicles to be identified by Identity Malta, for a minimum value of € 150,000 € 150,000
Global health insurance coverage for at least € 50,000 for all principals € 50,000


Fees for due diligence:

Main Applicant: €7,500
Spouse: €5,000
Every dependent child up to the age of 17 €3,000
Every dependent child between ages 18-26 €5,000
Every dependent Applicant aged 55+ €5,000


Contributions to NDSF:

Main Applicant: €650,000
Spouse: €25,000
Every dependent child up to age of 17 €25,000
Every dependent child between ages 18-26, who is unmarried and financially dependent on the main Applicant: €50,000
Every dependent Applicant aged 55+, who lives with the main Applicant and is financially dependent on them: €50,000


Refundable investments:

Investment in government bonds (for at least 5 years): €150,000
Passport fee per person: €500
Bank commission for every applicant €200

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

St. Kitts and Nevis

ST. Kitts & Nevis – Citizenship by Investment Programme

The Federation of St Christopher and Nevis, also known as St Kitts and Nevis, has the longest-standing citizenship-by-investment initiative in the world established in 1984.

A St. Kitts & Nevis passport allows visa-free travel to more than 150+ countries, including all European Union countries, the United Kingdom, Ireland, Caribbean and Commonwealth nations. Citizens can often acquire long-term travel visas to the United States of America.

The island federation imposes no residency requirements and no income, wealth or inheritance taxes. There is no requirement to visit St. Kitts & Nevis in order to qualify for citizenship, although all applicants are subject to a strict background check. The granting of citizenship is at the sole discretion of the government. There is no guarantee that the applicant will be approved.

Government Donation to Sugar Industry Diversification Fund (S.I.D.F.)

The Sugar Industry Diversification Foundation is a public charity established to support displaced St. Kitts and Nevis sugar workers. The fund researches and financially aids the development of industries to replace the sugar industry.

In order to qualify, the investor commits a non-refundable S.I.D.F. charitable donation of:

  • US$250,000 for a single person
  • US$300,000 for a family of four
  • US$350,000 for a family of five
  • US$450,000 for six or more persons.

Before transferring the contribution funds, applications are submitted with due diligence fees; US$7.5k for main applicant and US$4k for each dependent over the age of sixteen. Upon completion of the due diligence process, instructions will be provided for transfer of funds into Escrow account and citizenship is granted. The complete process usually takes from 3 to 6 months.

Once application is accepted, funds are transferred to the Government, Lifetime Citizenship is granted.

Total costs of Citizenship by donation option (family of 4 with 2 children under 16):

Contributor: US$300,000
Due Diligence Investor fee: US$7,500
Due Diligence Spouse US$4,000
Professional Fees: US$25,000
TOTAL INVESTMENT: US$336,500

Real Estate Investment Option

The Federation expects tourism to be a pillar of its economy far into the future. In a move to increase tourism related development, infrastructure and services, the Citizenship by Investment program directs real estate acquisition into approved tourism-related projects.

To qualify, the investor must enter into a contract to purchase real estate with a minimum value of US$400k on either St. Kitts or Nevis. Once the purchase contract has been signed, and the developer has received initial deposit (usually 10-20 percent), the investor may apply for citizenship.

Qualifying real estate investments must be in completed, or under construction, houses, condos etc. Land only purchases do not qualify. The exception is the Mega-Development, Christophe Harbour, on the south peninsula of St. Kitts, where qualifying lots may be purchased at a minimum of US$700k. These lots are an exception and do not have to be built on in any period of time to qualify. There are multiple marinas under development and marina slips also qualify, provided that they meet the minimum investment of US$400k.

Additional processing fees apply when choosing the real estate option; Investor US$50k, US$25k per spouse and dependent under 18yrs and US$50k per dependent 18yrs+.

Once citizenship has been approved, the real estate transaction will be completed. The only applicable restriction is that the property may NOT be sold within five years. In theory, if the property is sold within the five-year restriction period, the citizenship may be revoked. After the five-year period has been completed, the real estate may be sold and citizenship retained by the original owner, and the new buyer may apply for citizenship.

Real estate developments on St. Kitts and Nevis cater to the Citizenship by Investment program, and are focused on making ownership as hassle-free as possible. Rental and property management programs take the stress out of owning vacation realty, and at least one development offers a guaranteed annual fixed return on investment of 4 percent of the purchase price, with the developer paying all the HOA fees, property taxes and property insurance.

Whole ownership is currently the norm with the government-approved real estate developments. Recent modifications to the regulations state that two or more investors may apply for citizenship through the same property, as long as each investor contributes the required US$400k. This allows for fractional interest investment, and many of the developments currently offer or are planning to offer fractional property soon.

The island of St. Kitts is experiencing quicker growth and enjoys more tourism infrastructure than Nevis. Approved projects dot the prime bays and beaches, ranging from exotic wood cottages on the beach, restored sugar plantations with traditional plantation-style homes, modern condominiums, marinas and golf courses. There are also ownership options at a mass-market beach resort with casino.

Nevis is the more laid back, less populated and smaller of the two islands, so it is no surprise that development on Nevis is much less evident. Although Nevis supports one of the few true 5-star resorts in the Caribbean, and a spectacular golf course, the island has retained a simple elegance. A new marina has begun construction in Nevis, and there are new projects under way. Secluded developments and old plantations offer the same real estate options as St. Kitts but on a more sublime level.

Total investment: Real Estate Acquisition option (family of 4 with 2 children under 16):

Real Estate Purchase: US$400,000 +
Due Diligence Investor fee: US$7,500
Due Diligence Spouse US$4,000
Applicant Processing Investor: US$50,000
Applicant Processing Spouse US$25,000
Applicant Processing Children (2) US$25,000 x 2
Professional Fees: US$25,000
TOTAL Investment: US$561,500

 

Approved Real Estate in St. Kitts and Nevis

  1. CHRISTOPHE HARBOUR
  2. EMBASSY SUITES BY HILTON PELICAN BAY
  3. FOUR SEASON RESORT ESTATES, NEVIS
  4. CADES BEACH RESORT, NEVIS
  5. ZENITH, NEVIS
  6. KOI RESORT & RESIDENCE

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

Saint Lucia

Saint Lucia – Citizenship by Investment Programme

The Citizenship by Investment Programme of St. Lucia was established in 2015 under the regulations of the Citizenship by Investment Bill 2015. The most recent CIP in the Caribbean has started receiving applications, January 2016 with intention to become the most innovative and secure Programme in the region.

  • A St. Lucia passport allows visa-free travel to more than 100 countries, including the UK, EU, and Hong Kong.
  • St. Lucia imposes no tax on worldwide income.
  • There is no requirement to visit St. Lucia in order to qualify for citizenship, although all applicants are subject to a strict background check.
  • St. Lucia’s Citizenship by Investment Programme requires applicants to have at least a US$ 3million net worth.
  • The CIP offers a variety of investment opportunities.
  • The CIP may include in the application: parents under 65, as well as mentally or physically challenged dependent children and/or parents.
  • The granting of citizenship is at the sole discretion of the government; there is no guarantee that the applicant will be approved.

Government Donation National Economic Fund (NEF)

Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects.

The Minister for Finance is required each financial year to gain approval from Parliament for allocation of funds for specified purposes.

Once an application for citizenship by means of an investment in the Saint Lucia National Economic Fund has been approved, the following minimum investment is required:

  • Applicant applying alone: US$200,000
  • Applicant applying with spouse: US$235,000
  • Applicant applying with spouse and up to two (2) other qualifying dependants: US$250,000
  • Each additional qualifying dependant, of any age: US$25,000

Enterprise Project Investment

The Cabinet of Ministers will consider enterprise projects to be included on the approved list for the Citizenship by Investment Programme.

Approved enterprise projects fall into seven (7) broad categories:

  • Specialty Restaurants
  • Cruise ports and marinas
  • Agro-processing plants
  • Pharmaceutical products
  • Ports, bridges, roads and highways
  • Research institutions and facilities
  • Offshore universities

Once approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment.

Once an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:

Option 1 – A sole applicant.
A minimum investment of US$3,500,000

Option 2 – More than one applicant (joint venture).
A minimum investment of US$ 6,000,000 with each applicant contributing no less than US$1,000,000

Real Estate Investment

The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:

  • High-end branded hotels and resorts
  • High-end boutique properties

Once approved, the real estate project becomes available for qualifying investments from applicants for citizenship by investment.

The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia.

Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required: US$300,000

Investment minimum: US$300,000
Real estate holding period 5 yrs
Legal & Escrow 1%

Government processing fees:

Investor: US$50,000
Spouse: US$35,000
Dependents
Age <18: US$25,000 per
Age >18 US$35,000 per

Government Bonds

Citizenship by investment may be made through the purchase of non-interest-bearing Government bonds. These bonds must be registered and remain in the name of the applicant for a five (5) year holding period from the date of first issue and not attract a rate of interest.

Once an application for citizenship by means of an investment in government bonds has been approved, the following minimum investment is required:

  • Applicant applying alone: US$500,000
  • Applicant applying with spouse: US$535,000
  • Applicant applying with spouse and up to two (2) other qualifying dependants: US$550,000
  • Each additional qualifying dependant: US$25,000

Additional legal, escrow, bank and agent fees apply.

Need more details about citizenship program? Please call us or fill in the form and we will get back to you shortly!

Vanuatu

Vanuatu – The Capital Investment Immigration Plan (CIIP)

The Capital Investment Immigration Plan (CIIP) of Vanuatu was initially proposed in early 2012 and fully adopted by the Government of Vanuatu in April 2014. The objective of the Plan is to create local jobs, stimulate the economy and keep the national budget balanced.

To facilitate and attract overseas investors, Vanuatu has passed and enacted all necessary legislation and regulations, even going so far as to change its Constitution to recognize dual and multiple citizenship, which was not recognized until the Constitution was changed by a two-thirds majority of Parliament in December 2012.

The Vanuatu Capital Investment Immigration Plan is endorsed and guaranteed by the government of Vanuatu and was fully ratified in the constitution of the Nation on September 2013. The associated legislation includes section 13C of the Citizenship Act (Cap. 112), Immigration Act #17 of 2010 and #15 of 2013, International Companies Act (Cap. 222), Immigration Regulation Orders and International Companies Regulation Orders.

Vanuatu CIIP is one of the quickest options for the investors looking for the second citizenship and a new passport. The processing can be as one month and the citizenship is granted after this period if the applicant matches the requirements.

  • A Vanuatu passport allows visa-free travel to more that 120+ countries, including all European Union countries, the United Kingdom and Ireland;
  • Possibility to apply for Australian Visitor Visa (subclass 600) and US tourist visa amongst others;
  • Family friendly citizenship programme: the successful application covers the family of three (main applicant, spouse and one child under 18), with only nominal fees for additional dependents
  • The Republic of Vanuatu imposes no income, wealth and inheritance taxes;
  • The absence of tax treaty exchange and guaranteed bank and commercial privacy in the highly developed Vanuatu Banking sector (Vanuatu is the Bahamas of the Pacific, but without tax exchange treaties in place with most countries)
  • Short period of required residence, which can be undertaken after citizenship has been acquired.
  • All CIIP applicants will receive a Vanuatu International Company with account in a Vanuatu bank, at no extra charge.

Requirements for Vanuatu citizenship

  • Applicants must be over the age of 18 when submitting their application.
  • Applicants should have no less than $260,000 United States dollars of net personal assets when submitting their application.
  • Within one month after the application has been approved in principle, the applicant should deposit the full fee of US$260,000 with the Deputy Commissioner of the Vanuatu Financial Services Commission.
  • Applicants must submit an original certificate of no criminal record from the jurisdiction in which he/she has resided during the last 12 months and (if different) the jurisdiction of his/her principal nationality.
  • Applicants should provide evidence that they are solvent and financially able to maintain themselves and their dependents without depending on income from any employment or business arranged in Vanuatu.

Interested in Vanuatu CIIP? Please leave us a message and we will come back to you shortly.

NOVASIGMA is the official partner of NTL TRUST, specialized in the immigration services and cross-border wealth management solutions. Together we help clients not just with legal tax mitigation and asset protection, but more importantly to manage broader geo-political and macro-economic risk and opportunity. To find out more about Citizenship through investment please schedule a meeting with NOVASIGMA or NTL TRUST

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