Although golden visas were launched three decades ago, the topic is still subject to a bit of misinformation. To clear things up, we’ve debunked a few myths about the golden visa.
Myth 1: It takes a long time to obtain a Golden Visa Fact: While applying for a standard visa can be a lengthy process, many countries have streamlined their process for Golden Visas. Very often, applicants can get their residence permit in a matter of months. With Vanuatu offering a 3 month turn around. Myth 2: Golden Visas are inaccessible, and the rules are strict Fact: While most countries have strict rules regarding who can apply for a standard visa, golden visas work differently. Many countries are eager to welcome the financial investment from abroad, so there are no professional or economic requirements or restrictions. Myth 3: Golden Visas are difficult to understand. Fact: On the contrary, counties that offer golden visas often aim to lay out the terms simply and clearly. At the end of the day, they are aware that when applicants understand the multiple investment options, the fees associated with each, and the eligibility criteria, they are more likely to proceed with the process. Do you have a question about golden visas?
0 Comments
When St. Kitts and Nevis first piloted the CIP program in 1985, no one could have guessed that the citizenship industry would have grown into a billion-dollar industry. Today there are over 20 countries that offer second citizenships for purchase.
Wondering why anyone would want to buy citizenship? Here are 5 reasons to invest in a second citizenship:
While tax benefits vary from country to country, many countries offer exceptional tax benefits for their citizens. Business and investment opportunities Most countries reserve access to their business markets for their citizens, a second citizenship undoubtedly unlocks a host of new business and investment opportunities. A plan B for economic instability The world can be unpredictable, should your own country find itself subject to financial, political, or economic instability, a second citizenship affords you the opportunity to protect your assets by transferring them to a more stable nation. Would you consider a second citizenship? Years ago, obtaining a foreign passport was no small undertaking. It would often require substantial real estate investments, and interested parties were required to live “in-country” for several years. Some countries even required a renunciation of citizenship from the applicant’s home country.
Over the years, however, the demand for foreign passports has skyrocketed, and citizenship by investment programs (CIP) have been on the rise. More often than not, the people who seek out secondary citizenships are looking for political or economic safe havens. Citizenship by investment programs are also quite attractive because while visas are subject to frequent changes in the law, once issued, citizenship that is bought and paid for cannot be taken away. Moreover, people are increasingly viewing foreign passports as a necessity, not just a status symbol. What used to be a luxury, foreign passports are now considered an indispensable must-have in a volatile world. Not sure which countries offer citizenship by investment? Here’s the latest list: Thailand Latvia Dominica Antigua and Barbuda St. Kitts And Nevis Grenada Vanuatu Moldova Cambodia Turkey Greece Portugal Saint Lucia Montenegro United States Spain Bulgaria Canada Malta Australia Cyprus New Zealand U.K. Have you thought about buying citizenship? |
Archives
March 2021
Categories |