Looking into citizenship by investment opportunities? Well, there are programs available to do so in several different countries that are highly sought after to live in. Citizenship by investment should factor in a few things, the top priorities being price of investment, the benefits included in investing for a citizenship, how long the process will take, and the "reputation" of the country.
Currently, the top country most people think to emigrate to for any purpose, even through investing, is Canada. According to an international survey commissioned by the Historica-Dominion Institute, Canada "...53 percent of the world's 24 leading economies said they would emigrate to Canada."
Though Canada is a top choice, there are other options to look at. Here are the top choices to consider:
Like mentioned before, Canada is a very popular choice. Foreigners can obtain citizenship in three years of residency, their health care is very sought after, and there's affordable living throughout Canada. Business owners can do a "fast track" investment option with roughly C$180,000 and participate in the Federal or Quebec Immigrant Investor programs.
Initial investment will be roughly £250,000, depending on the loan conditions of the borrowing bank, with processing taking up to six months. The UK offers an attractive tax regime for high net worth individuals classed as “UK resident, non-domicile”. Visa-free travel is permitted to 189 countries. ILR/ Settlement after 5, 3, or 2 years depending on the amount invested, respectively £1M, £5M, £10M.
The EB-5 Investor program allows you to obtain a green card, provided that you invest a substantial amount in the US. As a business applicant, you must invest $1,000,000 in your own business, or $500,000 in a targeted employment area, or invest in a regional center. This business must also create or maintain at least 10 jobs for US workers. After 5 years you can apply for US citizenship.
One of the newest members of the European Union offers good business opportunities and quality lifestyle. Unique characteristic of this program is the exemption of physical residency required to qualify for Bulgarian citizenship. You can become an EU resident within 6 - 8 months by investing in government bonds portfolio the amount of EUR 180,000. This investment allows you to apply for Bulgarian citizenship and passport after 5 years.
Fast-Track Citizenship Option (New)
The possibility an investor to apply for citizenship as soon as possible is crucial element in any citizenship by investment program. To be eligible to apply for Bulgarian citizenship after 2 years, an investor should accomplish the following requirements:
- Heave been Permanent Resident (PR) for at least 1 year as an investor in Government Bonds investment option worth €511,292 (or €180,000 respectively).
- Have invested additional amount of €511,292 in Government Bonds. This amount can be financed against a down payment of €100,000.
- And maintain both investments for a period of at least two years after getting the citizenship.
The citizenship application is processed within 6 months as of the deposition.
St. Kitts & Nevis
These two islands in the West Indies are favorable for a bit of that island weather, on top of permanent citizenship through investment, no income or wealth tax, citizenship for family members, and no prior residency requirements.
St. Kitts and Nevis offers few investment options in order to participate in the economic citizenship program:
- A non-refundable donation to the Sugar Industry Diversification Foundation (SIDF)
- By purchasing a piece of real estate for minimum of $400,000
St Kitts and Nevis economic citizenship program is good for investors who would like to obtain second passport very fast (4-6 months), without residency. The holder of St Kitts and Nevis passport will enjoy visa-free travel to over 130 countries including Schengen countries, Canada, Singapore, and Hong Kong.
Honorable mentions also include Australia, New Zealand, Hong Kong, Singapore, and Grenada. The countries listed above have the best options for foreigners because of their standard of living versus living affordability rates and citizenship or residency benefits.By Vicky Katsarova