Relocating to a new country by investing there has become growingly favorable over the past few years. Two programs allow you to relocate to another country: citizenship by investment and residency by investment. These programs provide you with many side benefits in addition to citizenship and residency.
European countries such as Spain, Greece, and Portugal offer residence by investment through the Golden Visa program. The process of becoming a Golden Visa holding resident is pretty easy and it takes approximately six months.
Countries like Turkey, Dominica, Antigua and Barbuda, Malta, and St. Kitts and Nevis, on the other hand, provide citizenship by investment.
Countries That Offer an Investment Visa
The Golden Visa countries that provide residency by investment are Portugal, Greece, and Spain. If you’re a non-European citizen and not from one of the EEA countries or Switzerland, you can apply for a Golden Visa. In Portugal and Spain, you need to spend a very short period of time annually to keep holding the residence permit whereas in Greece you don’t have any obligation to stay whatsoever.
To be able to apply for a Golden Visa, you need to invest a certain amount. The following are sub-limits for investment according to countries:
- Portugal: ?280,000
- Greece: ?250,000
- Spain: ?500,000
These amounts may vary according to the type of investment you choose to make. Investment types show differences depending on the country. These options include investment through real estate, investing in government funds, and direct capital transfer.
For citizenship by investment programs, on the other hand, you’re required to make an investment or donate to the country of your choice with the help of a CBI program like the St. Lucia Program for instance. Find the minimum amounts of investment according to the country below:
- Malta: ?690,000
- Antigua and Barbuda: $100,000
- Turkey: $250,000
- Dominica: $100,000
- St. Kitts and Nevis: $150,000
Shared Advantages of Both Citizenship and Residency by Investment Programs
The countries that provide citizenship by investment and residency by investment are safe countries that offer a high quality of life. They’re countries with sophisticated education and healthcare systems, which is a very convenient aspect if you’re planning to relocate with your family who can apply to the same program and benefit from all the perks you have access to.
Another advantage of investor citizenship or residency is that you’re introduced to business networks when you make an investment.
Benefits of Citizenship by Investment
Citizenship by investment program provides you and your dependent family members second citizenship through a very straightforward process when compared to the naturalization process. It’s important to note that you can only get dual citizenship if your home country allows you to.
Benefits of Residency by Investment
Residency by investment allows you to reside, work, found/run a business, and study in the country you invested in for a limited period of time and they usually require you to spend some time in the country on an annual basis. This type of residency is renewable as long as you meet the requirements when your visa expires. After completing a certain number of years as a resident with this program, you may become eligible to apply for citizenship or permanent residency.
A very appealing aspect of the Golden Visa program is that it allows you to enter Schengen countries visa-free which means you get to travel around Europe quite effortlessly.
Through the investment visa programs, you’re also offered some advantageous special taxation programs in most countries.
Who’s Eligible for the Investment Visa
You need to meet a few requirements to be an eligible applicant for the investment visa:
- Having no criminal record
- Investing the obligatory amount
- Proving your source of fund
There you have it… We’ve provided you with the basics of residency and citizenship by investment. To put it simply, they’re both very advantageous. Now it’s your turn to take action and you’ll be a citizen or resident in one of these countries in no time!
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