With 1.3 billion people, India is one of the most active members in the investment migration industry. Citizens of India may nowadays travel visa-free to 58 countries. The opportunity to travel without the hassle of applying for and waiting for a travel visa appears to be the primary incentive for seeking a second citizenship or residence.

People thinking about buying a second property or acquiring citizenship are also concerned about the impact such an investment may have on their personal tax status. Because people and citizens in the United States are taxed on their international income, investors commonly opt to relocate to European countries as an alternative.

What are the top five nations for obtaining a second passport?

This article lists the best countries to seek second citizenship for Indians.

St. Kitts and Nevis citizenship

St. Kitts and Nevis has the world’s oldest Citizenship by Investment Program. It grants second citizenship to investors within 60 days of submitting the application. There are currently two investment categories: you can either donate $150,000 to a Sustainable Growth Fund for a person or a family of up to four people, or purchase a property worth $200,000 property for seven years or a $400,000 property for five years, which will grant an applicant and any family members full citizenship after payment of processing costs.

The St. Kitts and Nevis passport is highly regarded on a worldwide scale, granting visa-free travel to 156 countries around the world, including the European Union, the United Kingdom, Russia, and almost all of South America.

Grenada second citizenship

Grenada grants citizenship after three months of filing an application, without the need for a personal visit. The primary applicant’s siblings, parents, and grandparents, as well as their spouse, can be included in the application.

The applicant can opt to contribute at least $150,000 to Grenada’s National Transformation Fund. A contribution of $200,000 would be an investment of $200,000 for a family of four. Another appealing alternative is to invest $220,000 US as a co-owner in a local real estate project for five years, which is comparable to other Citizenship by Investment Programs.

A Grenada passport grants visa-free or visa-on-arrival entry to 143 countries, including China, Hong Kong, Singapore, Russia, and the United Kingdom, as well as the Schengen Area of Europe. Another distinct benefit for holders of a Grenadian passport is that it can serve as a bridge to an American E-2 investor work visa, allowing them to enter the United States.

Malta citizenship

Malta is a primarily English-speaking country in southern Europe with great economic opportunities and lovely weather. Malta is one of Europe’s most dynamic countries, with a favorable tax policy. While it also provides residency, the major draw is its Citizenship by Investment program. Applicants seeking citizenship must physically live in the nation for at least 12 months. Malta claims that its risk assessment is the most stringent in the world, requiring an examination of the investor’s whole portfolio.

Investors frequently pick Malta because of its image as a secure country with a strong and stable economy that promotes investment and preserves capital. Individual investors seeking Citizenship by Investment must:

  • donate 650.000€ to a government national development fund,
  • invest 150.000€ in government-approved stocks or bonds, and
  • purchase real estate for a minimum of 350.000€ for five years, or enter a five-year rental lease with a rent of at least 16.000€ per year.

New Maltese nationals have unrestricted freedom of movement across the European Union and the Schengen Area, as well as visa-free or on-arrival entry to 184 countries worldwide.

Portugal Golden Visa program

Portugal does not have a citizenship by investment scheme, but their golden visa residency program, which may lead to citizenship, is highly popular. An applicant and their dependents are awarded five-year residence permits after making an investment, allowing them to freely live, work, and re-enter Portugal.

Another advantage of having a residency permit is visa-free entry to the Schengen Area. Residents enjoy a pleasant temperature, a secure environment, and pleasant neighbors. The country also boasts an advanced financial system and a friendly attitude toward the technical industry.

  • There are several ways to obtain the golden visa. Any of the following will get you a golden visa: a) Transfer at least 1.000.000€ to an authorized account;
  • Make ten new jobs;
  • Invest a real estate investment ranging from 280.000€ for renovations to more than 400.000€ in low-density regions;
  • If you pick the capital investment path, you can contribute 350.000€ to research, 250.000€ to creative initiatives, or at least 350.000€ to a specific investment venture capital fund; or
  • Invest 350.000€ in a Portuguese firm that will create five stable jobs over a three-year period.

The country permits dual citizenship, and thus after 5 years of residency, an individual can apply for Portuguese nationality. A Portuguese passport grants entry to 185 countries across the world, as well as the right of free movement inside the European Union as a whole.

Dominica second citizenship

Citizenship in the Commonwealth of Dominica provides numerous benefits, including the island’s government’s acceptance of dual citizenship and applicant anonymity. Dominica allows dual citizenship, and investors can apply as an individual or as a family, which includes a spouse, biological or adopted children under the age of 30, and parents 55 and older.

Citizenship may be granted within 60 to 120 days, with no residence requirements. Dominica’s Citizenship by Investment Program is also one of the world’s most established economic citizenship schemes. The program provides two investment options: a $100,000 government contribution or a property investment beginning at $200,000. and allows the applicant to include dependent parents over the age of 55 to be added. This passport grants visa-free travel to 118 countries and allows dual nationality. The country has no tax, no curbs on profit repatriation and capital import.

If you are an Indian citizen interested in learning more about the prospects for citizenship by investment, Orience International can help you identify which program is best suited to your needs and assist you through the process.

The Commonwealth of Dominica’s Immigration and Passport Department began issuing a new biometric passport to its residents last July 19, 2021. This implies that Dominicans renewing their passports will receive standard passport booklets with an electronic chip included in the cover. The chip contains information about the passport holder and will incorporate biometric face and fingerprint recognition, all of which may be used to validate the passport holder’s identity while traveling and adds an extra degree of protection against passport fraud. Citizenship Dominica applicants will benefit from the progress since identity authentication, border restrictions, and foreign travel will be easier with biometric passports.

Dominica biometric passport holders may use the ePassport gates at border crossing control for quicker entry. Those who have previously applied for the citizenship program may leave their application pending or postpone it until a new biometric document becomes available.

Why choose Dominica as your new home

Dominica’s natural beauty distinguishes it from other Caribbean islands, with magnificent volcanic mountains, verdant jungles teeming with unusual flora and fauna, many waterfalls, gorgeous lakes, and volcanic beaches. The Commonwealth of Dominica offers an appealing tropical climate, a rising economy, and a high quality of life, making it ideal as a second home. The island country is unquestionably the common concept of paradise. Every year, more than 200,000 ecotourism enthusiasts from all over the world visit.

The Citizenship Dominica by Investment Program is one of the world’s oldest economic citizenship initiatives. There are several reasons why affluent individuals and investors use the Citizenship Dominica by Investment Program to get a second passport. It offers several advantages, including the island’s government’s recognition of dual citizenship and confidentiality for candidates. The program offers two investment options: a $100,000 contribution to the government or a property investment starting at $200,000.

Advantages of the citizenship Dominica

Holding a passport from the Commonwealth of Dominica gives people visa-free or visa-on-arrival access to over 135 countries and territories worldwide, including prominent locations such as the United Kingdom, the Schengen area, and Singapore, allowing investors and their families to travel freely.

Dominica is a popular option for obtaining a second passport because of its inexpensive, quick, efficient, and simple application procedure. The Commonwealth of Dominica has one of the shortest turnaround times from the date of application submission, allowing investors to obtain a second passport in two to three months. Dominica permits dual citizenship, and investors can apply as a single applicant or as a family, which includes a spouse, biological or adopted children under the age of 30, and parents aged 55 and older.

After their application is approved, the investor and their family will receive Dominican citizenship for life, naturalization certificates, and passports. The passport is valid for five years, following which it must be renewed for another five years. Dominican citizenship is transferable to descendants.

Dominica’s tax policy states that there are no taxes on income, wealth, or inheritance. Foreign income, capital gains, dividends, gifts, riches, and inheritance are not taxed in the Commonwealth of Dominica. Furthermore, the Commonwealth of Dominica has double taxation treaties with the United States of America as well as CARICOM nations such as St. Kitts and Nevis and Grenada. There are also several business tax breaks, a total waiver of import taxes, tax relief advantages, and an export allowance. The island country is also recognized for providing substantial tax breaks as well as various import duty and tax exemptions.

It is not necessary to be fluent in English to get a Dominican passport, nor is it necessary to complete a local culture test. There are no physical residence requirements for the Commonwealth of Dominica Citizenship by Investment program, and candidates are not required to visit before or during the application process. The passport procedure may be completed fully remotely, since all interaction with the government department is handled by the immigration firm as required by law. This is especially desirable given the transition from the COVID-19 era to a new contactless standard. Citizenship Dominica may be obtained in a very short amount of time — the entire procedure takes between three and six months.

Ways to obtain the citizenship

Applicants can donate to the Economic Diversification Fund (EDF) or invest in pre-approved real estate, and those who become citizens can work, study, and live in Dominica. Citizenship By Investment funding is utilized to revitalize Dominica’s economy and improve its inhabitants’ quality of life.

Dominican citizenship through investment is offered in two forms. To qualify for Dominica citizenship by investment, you must either make a $100,000 government gift or invest in real estate on the island beginning at $200,000.

  1. A $100,000 non-refundable donation to the government. The EDF contribution is non-refundable. The amount of the contribution varies according to the number of dependents included in the application. To qualify for citizenship as a single candidate, you must make a $100,000 government gift.
  2. The $200,000 investment in real estate requires government approval. In three years, the property can be sold.

According to the Global Wealth Migration Review, five thousand Indian millionaires or two percent of the high-net worth individuals left the country in 2020 and interest continues to grow. This led to an outflow of wealth that ranked third highest in the world. In this article we are going to explain how to get Turkish citizenship by investment

In an article published by the Times of India in February 13, 2021, India’s rich rank number one in looking to leave the country, sixty three percent up from 2019.

The citizenship by investment programs are the most popular programs that India’s rich are looking at and exploring, even as India does not permit dual citizenship.

Wealthy Indians are looking for a haven where they feel personally safe, where their family assets are not only protected but can be spread across several jurisdictions; a place where there more options and new opportunities for themselves and their immediate family members. Wealthy Indians are also looking at the increased mobility a UK visa can provide and the added option to settle anywhere in EU.

Turkey’s citizenship by investment program

Turkish Citizenship by Investment Program is one of the most popular citizenship by investment programs in the world. By reducing its required minimum real estate investment from US$500,000 to US$250,000 in 2018, it has attracted 35,000 plus applicants from 2018-2020.

Despite the Covid-19 pandemic in 2020, the program still realized about 14,000 approved applicants, higher than any citizenship by investment program worldwide.

Turkey’s Citizenship by Investment program is most popular in the Middle East, especially in countries like Iraq, Iran and Afghanistan where applicants face numerous sanctions and limitations from other citizenship by investment programs.

Benefits of the Turkish Citizenship by Investment Program:

  • The Turkish passport has visa-free access to 125 countries and territories all over the world. However, it does not benefit from visa-free travel to the Schengen areas.
  • Turkey holds an E-2 visa treaty with the United States. This means that once the applicant becomes a citizen of Turkey, he can apply for US residency through the E-2 visa program. This is a much quicker and more cost-effective route for the Turkish citizen.
  • Turkey also has an agreement with the United Kingdom through the Turkish Businessperson Visa wherein the holder of a Turkish passport who would like to establish a business or has employment options in the United Kingdom can apply for a special business visa from the United Kingdom and start the process for applying for British citizenship.
  • Turkey allows dual citizenship.
  • Spouses, children below 18 years old and parents who are dependents of the applicant can avail of Turkish passports.
  • Residency in Turkey is not required.
  • Turkish language proficiency is not required.
  • Applicants are required to hold their real estate purchases for three years, after which they can sell the property or hold the property for five years and not have to pay capital gains tax.
  • An applicant can earn an average of 8% annually on real estate rentals
  • An applicant can avail of the same health and education services as Turkish citizens

Requirements of the Turkish Citizenship by Investment Program:

Option 1

  • US$250,000 real estate investment in one or several properties
  • The program features a straightforward application process without any obligation to declare the investor’s assets or income generated in other countries.
  • The physical presence of the applicant is also not required.
  • There is a wide-range of property choices from modern apartments to luxury seafront villas at very competitive prices. Istanbul and holiday destination Antalya are the most popular. Property owners can choose to rent their properties with an average return on investment of 8%. Investors are not limited to one property and can invest in several properties. Investors can resell after 3 years or after 5 years and not have to pay capital gains tax.
  • Applicants can take out loans for real estate investments and the government has brought down mortgage loan rates by state lenders and well-known property construction firms offer good discounts.

Option 2

  • US$500,000 deposit in a Turkish bank for at least 3 years. Applicant can also make a fixed-asset investment that has been confirmed by the Ministry of Industry and Technology or invest in government bonds with the potential to receive interest as income. Investments need to be kept for at least 3 years.

Option 3

  • US$500,000 capital investment in a Turkish Real Estate Investment Trust or a venture capital fund or set up a business and create employment for at least 50
  • Turkish citizens confirmed by the Ministry of Labor and Social Security.
  • The Turkish Citizenship by Investment Program is certainly worth looking into especially after all the appealing changes they have made to the program. Turkey also benefits from the citizenship by investment program as it boosts investment in the economy and shores up the lira. It is therefore, a win-win situation for both Turkey and the applicant.

Canada has been consistently rated by the United Nations as the world’s best country to live in. It’s standard of living is considered one of the highest is the world and is a politically and economically stable country. It is rich in natural resources and has the world’s second-largest oil reserves and the fourth-largest supply of fresh water. You can live there with the Canadian citizenship by buying property.

Canada has several world-class cities that are cosmopolitan, a diversified business environment, vibrant social scene, a wealth of cultural events and a friendly, almost laid-back lifestyle. It has an excellent educational system that includes four of world’s top 100 universities as ranked by QS World University Rankings, 2018. Five of the world’s top 100 business schools are also in Canada.

The Canadian real estate market, despite the worldwide pandemic is booming and is up 23% since Jan 2021. The high return on income and demand has never been higher and the outlook for investing has been very positive. Canada is a safe place to invest long-term with guaranteed solid returns. Now is the right time to invest in real estate and obtain a Canadian citizenship by buying a property.

What are the five best cities in Canada to live?  

Vancouver, British Columbia

Vancouver is probably one of the world’s most beautiful cities with mountain views almost anywhere in the city. It boasts of an abundance of open spaces that are dedicated to wildlife preservation and conservation. It is the perfect city for nature lovers with many natural amenities and an unequaled transportation network that connects all the 21 municipalities of Vancouver. Its multi-cultural population contributes to its success as a vibrant and cosmopolitan city.

Vancouver can be considered a university town with five universities located in the area. This includes the top-rated University of British Columbia (UBC) and Simon Fraser University that produce top notch and highly-skilled workers that are snapped up by the many companies located in Vancouver. The unemployment rate is a very low 4.5%.

There is a whole range of properties to choose from in the Vancouver and the rates are at all time low but with potential to shoot up in the near future.

Burlington, Ontario

Burlington is located in the south-western end of Lake Ontario and is perfect for those who want to live in a city but still be close to nature and the outdoors as it has almost 600 hectares of parkland. Like Vancouver, it has an excellent transportation system, low unemployment, lots of schools including universities to choose from, accessible healthcare facilities.

Burlington has a broad economic with diverse industries such as food processing, packaging, electronics, transport, business services, pharmaceuticals and environmental.

Ottawa, Ontario

Ottawa is Canada’s capital but has a relatively small population of less than a million people. Like Vancouver and Burlington, it has high standards of living. It has excellent educational facilities, an impressive cultural scene and a very competitive real estate market. For the capital, house prices are low but with the potential to increase post-pandemic.

Boucherville, Quebec

Boucherville is one of the oldest municipalities in Quebec and has a very small population of only 43,000 people. It is just 18 kilometers outside Montreal and is perfect for those who want to live closer to nature but want to be near a city. It has many beautiful nature areas that can be enjoyed with bike-friendly streets and lots of outdoor and sports activities.

Boucherville is home to industries like aerospace, software, electronics, pharmaceuticals, manufacturing, and transportation that employ most of the working population and pay relatively good salaries. A fluency in French is a requirement to live in Boucherville or in any area in Quebec.

Montreal, Quebec

Despite its being a major city of Canada, Montreal has the lowest rents of all the major cities. It is the epicenter of art and culture and has lots of restaurants and cafes. The cost of living is lower than the major Canadian cities like Vancouver or Ottawa work and the quality of life is high with life-work balance perfectly embedded in the lifestyle.

Quebec investor visa

There is only one way by which an applicant can attain permanent residency in Quebec and that is through an investment in a government guaranteed investment. This investment can either be a full or financed investment.

Full investment

A full investment has the following requirements:

  • Applicant must invest a minimum of Canadian$1,200,000.00 in a government guaranteed investment for five years.
  • Applicant must be aware that this is a passive but risk-free investment.
  • The full amount will be returned will be returned after 20 days after the fifth year but without any interest earned.

Financed investment

A financed investment has the following requirements:

  • Applicant must invest a minimum of Canadian$350,00.00 to finance a closed 62 months term loan through an approved intermediary
  • Applicant must be aware that this amount will not be reimbursed at the end of the five-year holding period.
  • This kind of investment are for those investors who do not want to liquidate their assets to pay the full sum, or those that want to have free capital available for other investments during the five years holding period.

Funds from these investments will be used to finance two Quebec assistance Programs:

  • Immigrant Investor Program
  • Employment Integration Program for Immigrants and Visible Minorities

Canadian residence permit

Express entry

This program is very specific to highly qualified foreigners who are employed by an affiliated company or in search of a job. There are several work programs that could lead to a permanent residency.

  • Federal Skilled Worker Program

This program is for those who have skills, knowledge and work experience in specialized areas that have been determined by the Canadian government.   An applicant must present a diploma or bachelor’s degree that will prove that he or she has the necessary academic training for the job which will be evaluated by a qualified and equivalent Canadian institute.  Applicant must also have at least one year work experience in the profession indicated and must have been a paid and full-time employee.  The applicant must also have a minimum of Can$12,475 to cover his or her stay while still looking for a job.  If the applicant has a partner or family, then the amount is even higher.

  • Federal Skilled Trades

This program is for skilled laborers and workers who have the knowledge and professional training in fields such as electrical, mechanical, telecommunications, carpentry, and construction, installation and repair services.  The applicant must have at least 2 years experience in their field of expertise and must have an existing job offer in any province in Canada.

  • Canadian Experience Class

This program is for temporary workers, students and those who have work experience in one of the provinces or territories of Canada.   A temporary worker must have at least one year or 1560 hours of work experience and must have obtained the job legally and with a valid permit to apply to this program.

A student must have been studying a minimum of 16 months in a course at a government-accredited tertiary institution.  Part-time work as a student is not valid.  Only a full-time job of at least one year or 1560 hours after graduation is acceptable to apply to this program.

The skills, work experience, language ability, level of education and other qualifications are taken into consideration and given a Comprehensive Classification Score. A higher score can be achieved if the applicant is fluent in French and English, has a close relative living in Canada, or has a valid job offer in a Canadian company.  The applicant must also pass all the health and safety requirements of the Canadian government.

Provincial nominee program

This program is administered by each of the provinces and territories of Canada, except Quebec, and have their own requirements. This program accepts foreign workers who have the skills, education and work experience to contribute to the economy of the particular province or territory.

Startup visa

Entrepreneurs who have the skills and potential to build businesses in Canada can apply for a startup visa. The business must be innovative and profitable enough to create jobs for Canadians.  They must also be vetted by the following designated groups or organizations – venture capital funds, angel investor groups and business incubators.

Benefits of a Canadian permanent residency

This are the benefits of the canadian citizenship by buying property:

  1. A permanent resident enjoys all the same social benefits of a Canadian citizen including health care coverage.
  2. A permanent resident can live, work and study anywhere in Canada.
  3. A permanent resident can eventually apply for Canadian citizenship as long as the requirements are met.
  4. A permanent resident is protected under Canadian law and Charter of Rights and Freedoms.

Canadian citizenship by buying property

  • Applicant can apply for citizenship after three years permanent residency in Canada.
  • Applicant is eligible to submit an official application for Canadian permanent residence.
  • Applicant must have filed income taxes.
  • Applicant must intend to continue living in Canada.
  • Applicant must have a good command of the French and English language.
  • Applicant must have knowledge of Canadian history, government, culture and traditions.
  • Applicant must have knowledge of the responsibilities and privileges of Canadian citizens.
  • Applicant must have no criminal record in or outside Canada.

 

Turkish Citizenship by Investment program is one of the most popular citizenship by investment program in the world. By reducing its required minimum real estate investment from US$500,000 to US$250,000 in 2018, it has attracted 35,000 plus applicants from 2018-2020.

Despite the Covid-19 pandemic in 2020, the program still realized about 14,000 approved applicants, higher than any citizenship by investment program worldwide.

Turkey’s Citizenship by Investment program is most popular in the Middle East, especially in countries like Iraq, Iran and Afghanistan where applicants face numerous sanctions and limitations from other citizenship by investment programs.

Benefits of the Turkish Citizenship by Investment Program

  • The Turkish passport has visa-free access to 125 countries and territories all over the world. However, it does not benefit from visa-free travel to the Schengen areas.
  • Turkey holds an E-2 visa treaty with the United States. This means that once the applicant becomes a citizen of Turkey, he can apply for US residency through the E-2 visa program. This is a much quicker and more cost-effective route for the Turkish citizen.
  • Turkey also has an agreement with the United Kingdom through the Turkish Businessperson Visa wherein the holder of a Turkish passport who would like to establish a business or has employment options in the United Kingdom can apply for a special business visa from the United Kingdom and start the process for applying for British citizenship.
  • Turkey allows dual citizenship.
  • Spouses, children below 18 years old and parents who are dependents of the applicant can avail of Turkish passports.
  • Residency in Turkey is not required.
  • Turkish language proficiency is not required.
  • Applicants are required to hold their real estate purchases for three years, after which they can sell the property or hold the property for five years and not have to pay capital gains tax.
  • An applicant can earn an average of 8% annually on real estate rentals.

Requirements of the Turkish Citizenship by Investment Program

Option 1 

US$250,000 real estate investment in one or several properties

The program features a straightforward application process without any obligation to declare the investor’s assets or income generated in other countries.  The physical presence of the applicant is also not required.

There is a wide range property choices from modern apartments to luxury seafront villas at very competitive prices. Istanbul and holiday destination Antalya are the most popular. Property owners can choose to rent their properties with an average return on investment of 8%.  Investors are not limited to one property and can invest in several properties.  Investors can resell after 3 years or after 5 years and not have to pay capital gains tax.

Applicants can take out loans for real estate investments and the government has brought down mortgage loan rates by state lenders and well-known property construction firms offer good discounts.

Option 2

US$500,000 deposit in a Turkish bank for at least 3 years.

Applicant can also make a fixed-asset investment that has been confirmed by the Ministry of Industry and Technology or invest in government bonds with the potential to receive interest as income.  Investments need to be kept for at least 3 years.

Option 3

US$500,000 capital investment in a Turkish Real Estate Investment Trust or a venture capital fund or set up a business and create employment for at least 50 Turkish citizens confirmed by the Ministry of Labor and Social Security.

The Turkish Citizenship by Investment Program is certainly worth looking into especially after all the appealing changes they have made to the program. Turkey also benefits from the citizenship by investment program as it boosts investment in the economy and shore up the lira.

 

With the onset of the Covid-19 pandemic in 2020, businesses worldwide have had to rethink their operations with many becoming more virtual and with more flexible parameters. Corporate executives, businessmen and entrepreneurs have realized that the global economy is less dependent on the location of the business and the work-from-anywhere is proving to be a norm rather than the exception.  Several countries in the Caribbean have very attractive citizenship by investment programs some of which are most beneficial for tech entrepreneurs particularly in the Cayman Islands and Dominica.

The benefits of citizenship by investment program are the following:

  1.  Visa-free travel to most countries in the world including the Schengen states.
  2. Tax benefits like lower tax rates, no taxation on wealth, inheritance or gifts.
  3. Greater access to the global market.
  4. Lucrative business and investment opportunities.
  5. Option to relocate a company, assets and loved ones to a more safe and stable nation. in the wake of conflict, civil unrest, or travel sanctions.

Dominica 

Dominica is a small Caribbean island-nation and a member of the Commonwealth since 1978. Its mountainous terrain and volcanic origins have produced natural hot springs and lush tropical rainforests that make it an inviting vacation place or an alternative place to live.

Dominica has recently introduced the Entrepreneurship Visa Program which is the easiest and fastest way to secure a permanent residency and eventually citizenship in comparison to other European countries.

Requirements Needed for the Entrepreneurship Visa Program:

  • The applicant must make an investment of no less than US$50,000 in an existing government approved company through the Investment Fund or invest no less than US$100,000 in a new, local technological startup that will employ at least 3 local fulltime employees or invest an unspecified amount in a government approved public or private sector venture.
  • It takes only 2 years to become a citizen of Dominica.  However, the applicant is required to spend at least 90 days a year in Dominica.
  • Applicant must deposit no less than US$100,000 in a local financial institution which can be used by the applicant during the residency period.

After two years of holding a residency permit and fulfilling all the requirements, the applicant is eligible for Dominica citizenship.  

Dominica also benefits greatly from the Entrepreneurship Visa Program as it adds new energy and vitality to the economy.  It generates new residence and consumer activity for the island-nation and stimulates the growth of local businesses.

Cayman Islands

The Cayman Islands is a British Overseas Territory that encompasses three islands in the Caribbean Sea.  It is principally known for its beach resorts and scuba diving and snorkeling sites and is an ideal place to live and work.  The Cayman Islands has also become a global hub for tech businesses from startups to mid-sized enterprises to major international companies.

The range of tech businesses is diverse with companies that engage in blockchain, fintech, e-commerce, biotechnology, digital marketing, software development, programming data services, aviation innovation, hosting, telecommunications, electronic publishing companies and more.

The Cayman Islands is not just the ideal global hub for tech businesses. It offers a lifestyle that cannot be found in other countries or territories. It boasts of high-quality healthcare, world-class schools and educational facilities, high end recreational activities. The government’s excellent response to the global pandemic has also given the Cayman Islands a reputation as the safest place on earth.

Residency by investment is equally as attractive. There are no restrictions on foreign ownership of property and a minimum investment of US$1.2 million in a developed property can qualify for permanent residency.

An added attraction is that the Cayman Islands has a unique tax situation.  It has no corporate income tax, no capital gains tax, no withholding or similar taxes.

If you are a tech entrepreneur looking for a place to move or start a business or setup a startup and looking into a citizenship by investment program, then the Caribbean, particularly Dominica and the Cayman Islands, is an excellent area to consider.

 

For those looking to open a business in Europe, expand their business in Europe, or want to send their children to school in Europe then a second citizenship is the best option for you.  A Portuguese citizenship is now easily available through the Portugal Golden Visa or Portugal citizenship by Investment Program.

A Portuguese passport allows the holder free movement meaning that one can live, work, and study in Portugal and anywhere else within the European Union, European Economic Area, Switzerland and the United Kingdom and can travel visa-free to 186 countries.

Portugal Golden Visa investment opportunities

The Portugal Golden Visa is an investor’s residence permit and is the most successful citizenship by investment program in Europe and in the world as the Portuguese government encourages varied investments in real estate, capital investments and business investments that will create employment opportunities.

Investment Opportunities in Real Estate

The Portugal Golden Visa real estate option is perhaps the most popular way to get residency in Portugal. This is because Portugal is seen as a prime destination among property investors, with a flourishing real estate market, high rental yields, and a booming tourism industry.

The Portuguese real estate market is diverse and cheaper in comparison to the other countries in Western Europe and has many low-density real estate options that are highly encouraged by the Portuguese government.  For example, an investment of at least €400,000.00 in an urban regeneration area is highly feasible. The stable and dynamic Portuguese economy that is fueled by the continuous growth in the tourism sector has led to a rise in the profitability of short and long term rentals.

Capital Investments

Portuguese capital investments are regulated by the Portuguese Securities Market Commission and promise a high return on investments. These include venture capital investments in real estate, start-up technology companies, energy and industry. A capital transfer of at least €1,000,000 to a Portuguese bank is the first step towards a Portuguese residency visa that may be invested in private equity funds or Portugal Golden Visa venture capital funds.

Other investment options are the investment of at least €350,000 for the creation of a commercial company or for research in science and technology in public or private scientific research institutes.

Capital transfers of at least €250,000 to support Portuguese arts or for the reconstruction of important national heritage are also possible.

Creating Employment Opportunities

Business investment options that the Portuguese government encourages is setting up a business that will provide at least ten Portuguese nationals with a full-time job like for example investing €1,000,000 in a Portuguese company or reinforcing the share capital of a company with at least a purchase €1,000,000 worth of shares that will create at least five full-time jobs for Portuguese nationals.

Portugal Golden Visa tax benefits

Portugal’s Golden Visa income tax benefits are a big draw for foreign investors looking to get the most out of their financial contribution. Visa holders don’t need to pay extra taxes on income produced outside of Portugal.

There’s also an option to register as a fiscal resident for tax purposes in Portugal. This is a fantastic option as it’ll allow you to then directly benefit from Portugal’s Non-Habitual Tax (NHR) Regime. NHR is a generous tax program with numerous benefits pertaining to your global income. It offers tax-free incentives on certain categories for a period of up to ten years.

Additionally, any Portuguese-sourced income would be taxed at a flat rate of 20% during the first ten years and there is also the option to pass on your wealth to a spouse or dependent without incurring inheritance or gift taxes.

As the situation in many countries around the world become unfavorable for wealthy individuals, a second citizenship is increasingly becoming more attractive.  A European citizenship is the most attractive particularly as some countries have a citizen by investment program.  These programs of the European citizenship by investment afford the applicant freedom of movement, the right to settle with family within Europe, and ease of doing business.

The European citizenship by investment program also gives the applicant and his family access to a high standard of living, a safe environment, exceptional healthcare, and an excellent educational system.

The European citizenship by investment program allows for new investment opportunities with among others, a favorable tax system and lucrative real estate opportunities.

The European citizenship by investment program is offered by the following countries.  Each country has their own requirements but also their own unique circumstances.

Portugal citizenship

Portugal lies on the Atlantic coast of the Iberian Peninsula in Southwestern Europe and hugs 832 kilometers stretch of the Atlantic coastline.   It enjoys sunny weather for most of the year and boasts of excellent fresh produce and a delectable cuisine of mostly seafood like sardines and cod fish. It is an excellent option for expat families as they can avail of quality education, easy access to healthcare and an overall high quality of life.

A Portuguese passport allows the holder free movement meaning that one can live, work, and study in Portugal and anywhere else within the European Union, European Economic Area, Switzerland and the United Kingdom and can travel visa-free to 186 countries.  Portugal is the top destination for investors seeking to acquire a second passport.

Portugal requires a €250,000.00 investment in real estate and only 35 days residency over 5 years to acquire citizenship.

Malta citizenship

Malta is an island located in the central Mediterranean Sea. It is a small but strategically important group of islands that has throughout its history played an important role for the domination of the Mediterranean Sea.   It is a famous tourist spot but also a financial haven that has attracted numerous investors and firms from all over the world.

The Malta Citizenship by Investment Program grants investors and their families a Malta passport in one year’s time. Thanks to this scheme, Malta is now one of the easiest European countries to get citizenship. Considered one of the strongest passports to have, the Malta passport gives you Malta citizenship for life, the right to live, work and study in Europe, and visa-free access to over 160 destinations including the US, Canada, and the UK.

Malta requires a €600,000.00 investment and in three years the applicant can acquire citizenship.

Spain citizenship

Spain is a country on the Iberian Peninsula along with Portugal.  It has a coastline along the Atlantic Ocean to the North and the Mediterranean Sea to the southeast that provides Spain with a pleasant climate throughout the year that is beneficial to its agricultural products. It has a diverse economy that includes a thriving automobile industry and a stable financial market.

The Spanish Golden Visa requires a minimum investment of € 500,000 in real estate.  The Spanish real estate market is diverse and has the potential for capital gains in the years to come.  After five years of living in the country, permanent residency can be obtained and after ten years, citizenship. This program is perfect for those who wish to live full time in Spain or simply maintain a second residency in Europe but without a path to citizenship.

Greece citizenship

Greece is a country in southeastern Europe that is surrounded by the Aegean Sea to the East, the Mediterranean Sea to the South and the Ionian Sea to the West. It is a country that is at once European, Balkan, Mediterranean, and near Eastern.  It is often referred to as the cradle of Western Civilization and therefore rich in history and culture making it a famous tourist destination.

The Greece Golden Visa grants a five-year renewable residency visa for a minimum investment of €250,000 in real estate and is the lowest cost residency in the EU.  There is no minimum stay requirement and children up to 21 years old can be included in the application.  Citizenship is granted only after five years of residency.

Latvia citizenship 

Latvia is a country on the Baltic Sea between Lithuania and Estonia.  For nature-lovers, it is a tapestry of endless beaches, deep lakes and dense forest. For those into arts and culture, it has preserved much of its long and interesting history and has a myriad of festivals.

The Latvia Golden Visa requires a minimum investment of €250,000 in real estate.  Citizenship can be acquired after a five-year residency. Ideal for Russians seeking investor visas, residency and citizenship in Europe.

 

Canada is the second largest country in the world and boasts of natural beauty and a variety of landscapes and cosmopolitan cities in each of the 11 provinces and territories in Canada. Obtain the Canadian citizenship by investment and enjoy its benefits.

Quebec investor visa

Quebec is the biggest French-speaking province in eastern Canada and has two large, cosmopolitan cities in the south, Quebec City and Montreal, that are connected by the Chemin du Roy Highway along the St. Lawrence River.  It also boasts of abundant natural beauty like the Adirondack Mountains and Lake Champlain, and many outdoor adventures.

There is only one way by which an applicant can attain permanent residency in Quebec and that is through an investment in a government guaranteed investment.  This investment can either be a full or financed investment.

Canadian citizenship by investment – Full investment

A full investment has the following requirements:

  • Applicant must invest a minimum of Canadian$1,200,000.00 in a government guaranteed investment for five years.
  • Applicant must be aware that this is a passive but risk-free investment.
  • The full amount will be returned will be returned after 20 days after the fifth year but without any interest earned.

Canadian citizenship by investment – Financed investment

A financed investment has the following requirements:

  • Applicant must invest a minimum of Canadian$350,00.00 to finance a closed 62 months term loan through an approved intermediary
  • Applicant must be aware that this amount will not be reimbursed at the end of the five-year holding period.
  • This kind of investment are for those investors who do not want to liquidate their assets to pay the full sum, or those that want to have free capital available for other investments during the five years holding period.

Funds from these investments will be used to finance two Quebec assistance Programs:

  • Immigrant Investor Program
  • Employment Integration Program for Immigrants and Visible Minorities

Quebec investor visa requirements

The Quebec Investor Visa is ideal for persons who have significant assets and personal net assets of at least Canadian$2million and can invest at least Canadian$1,200,000 with a Quebec financial intermediary for five years.

Who can aim to the Canadian citizenship by investment:

  • Applicants with experience in management in farming, commercial or industrial business are top priorities as are those with experience working in professional business, international agency, and government.
  • Applicants and their families must intend to settle in Quebec.
  • Applicants must meet the minimum points as outlined in the Quebec Investor Points Assessment Grid.

Caracteristics of Canadian citizenship by investment

  • Applicant can apply for citizenship after three years permanent residency in Canada.
  • Applicant is eligible to submit an official application for Canadian permanent residence.
  • Applicant must have filed income taxes.
  • Applicant must intend to continue living in Canada.
  • Applicant must have a good command of the French and English language.
  • Applicant must have knowledge of Canadian history, government, culture and traditions.
  • Applicant must have knowledge of the responsibilities and privileges of Canadian citizens.
  • Applicant must have no criminal record in or outside Canada.

 

Whether it is to expand business opportunities, or as a plan B for your family, many countries offer the possibility to obtain a second citizenship by investment, along with all the benefits that come with it through an investment fund. In some cases, a one-time contribution of $100,000 can grant the investor a lifetime citizenship and the opportunity to travel to more than 100 countries without the need of any additional visa.

Here are the countries that offer the best deals for citizenship by investment programs in terms of affordability, time process and tax benefits.

Vanuatu citizenship

Investors that apply for the Vanuatuan passport can get it through an investment of $130,000 and after a 45 to 60-day process, the fastest and simplest citizenship programme among all. There are two programs to choose from, the DSP (the Development Support Program) which issues honorary citizenship, and the VCP (Vanuatu Contribution Program), for ordinary citizenship. Both programs are through the same amount of funds and its increment relies upon the number of dependents (family members) that are included in the application.

The Vanuatu citizenship by investment allows its holders to have short-stay visits without the need of additional visas to a total of 129 countries, including countries in Europe and the USA. Moreover, another advantage of living in the Pacific country is that the country has zero taxation for both residents and non-residents.

Malta Individual Investor Programme 

The Maltese citizenship is one of the most popular programs for it allows non-residents to become citizens of a country with one of the most stable economies in the EU.

These are the different investment options for this citizenship by investment:

  • Individual investor – contribution of EUR 600,000, citizenship will be released after 3 years
  • Individual investor – contribution of EUR 750,000, citizenship will be released after a year

An additional EUR 25,000 for every dependent family member included in the application.

Once you have acquired this citizenship by investment, you will be eligible to live, work and study anywhere in the EU and enjoy visa-free travel to 180 countries, including the USA.

Caribbean citizenship: Antigua and Barbuda and Dominica

The tempting weather and fine scenery of the Caribbean makes these citizenship by investment perfect for those who want to live in a never-ending summer with a great potential for businesses to succeed in the long-term because of the thousands of tourists that visit the island every year.

Antigua and Barbados offers these investment options:

  • Real estate investment of $400,000 for not less than five years
  • Contribution of $100,000 to the Antigua National Development Fund ($125,000 if your family consists of five or more members)
  • Establish a business worth $1.5 million or $5 million (for more two or more investors)

This citizenship by investment will allow you to travel to more than 130 countries.

On the other hand, the small island of Dominica offers a more affordable option of either making a one-time contribution of $100,000, or an investment in a government approved property of a minimum of $200,000 for three years.

Afterwards, lifetime citizenship will be issued and you will be able to travel to over 118 countries with your Caribbean passport. Moreover, once you are a holder of Caribbean citizenship, you will not be subject to capital gains tax.

Turkish Citizenship by Investment

The recent updates allow individuals to acquire citizenship by investment without a minimum residence requirement and the minimum investment funds have been reduced. Family members that apply for citizenship as dependent applicants are not required for a separate investment. The process usually takes 2-3 months to be completed. Once completed, you can live and work in Turkey, and travel visa-free to many countries.