Our business immigration solicitors have a long established practice working with investors, high net worth individuals across the globe. For more information about our citizenship by investment services call us on 0203 909 8399 or contact us online.
Citizenship by investment programmes are developed to obtain a second residency or citizenship by investing in the economy of the host country. Citizenship by investment programs is more trending, in demand because of the faster process than traditional immigration applications and without requiring investors to put their lives on hold.
Not every country and programme is the same. There are significant differences relating to investment level, family qualification, permanent residency, minimum stay, citizenship and passports. Not least of all differential economic states and real estate investment prospects of each of the countries in question.
Citizenship-by-Investment programs offer an opportunity to legally acquire a second nationality and an alternative or second passport quickly and quietly, without significant disruption.
Antigua & Barbuda, St. Kitts and Nevis and Malta are the Citizenship-by-Investment programs which Connaught Law recommends due to clear and straightforward process, excellent reputation and transparency while Cyprus and Dominica are two programs which, depending on the client’s particular circumstances, can still be of interest.
Benefits of getting a second nationality
There are many reasons to invest in a second citizenship, from personal safety to increased global mobility and tax management. Applications can be approved in as little as three months, resulting in citizenship for life, a valid passport, visa-free travel and more. Economic citizenship opens up a world of possibilities to high net worth investors.
A second passport from a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families.
Many nationalities require a visa to travel and restrictive are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. A second passport can offer individuals from these countries increased global mobility. For example, the passport of Pakistan allows visa-free entry into only 26 countries, whereas the passport of Cyprus allows visa-free entry to 145 countries. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople the world over.
New business opportunities open up to participants in citizenship by investment programs as they can now do business in the host country as well as travel abroad more freely.
Dual citizenship may prove advantageous for tax optimization purposes. For example, some countries only tax income earned from that country and do not subject capital gains to taxes either. This allows investors to manage their wealth more efficiently and effectively.
Most citizenship by investment programs are available to the family members of the main applicant. This means that investors can secure a better future for their spouse and children. Second citizenships offer access to world-class health care, education and an improved lifestyle.
Education is the foundation of a successful life as a global citizen. Investing in a second citizenship can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees.
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