Citizenship by investment, also known as economic citizenship, is a process whereby individuals can obtain citizenship or permanent residence in a country by making a significant financial investment. The concept has gained popularity in recent years, particularly among high-net-worth individuals seeking greater mobility, stability, and access to global opportunities.
Citizenship by investment programs varies from country to country, but typically involves an investment in a government-approved project such as real estate development, a business venture, or a government bond. In exchange for the investment, the applicant is granted citizenship or residency in the country, which may offer benefits such as tax incentives, visa-free travel to certain countries, and access to the country’s social and economic systems.
Citizenship by investment programs are offered by a growing number of countries around the world, including the Caribbean nations of Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent, and the Grenadines. Other countries with citizenship by investment programs include Cyprus, Malta, Portugal, and Turkey.
There are several benefits to obtaining citizenship by investment, including Visa-free travel, Business and investment opportunities, Personal and family security, Education and healthcare benefits, Legacy and generational benefits, and much more. At Empire Global, we are experts in citizenship by investment and can assist individuals and families in selecting the right program for their unique needs and goals. Our team of experienced professionals can guide clients through every step of the process, from selecting a program to completing the application and obtaining citizenship.
To qualify for a country’s citizenship or residency through investment programs, an applicant must fulfill several specified requirements. Being older than 18, having a spotless criminal record, having a reliable source of funding, and making an investment in a government-approved choice are some of the fundamental prerequisites.
Governments hire third-party due diligence agencies to investigate the applicants’ backgrounds. All official papers from the applicant’s country of origin and residence are verified, along with media reports, their businesses, and any companies the applicant owns or is affiliated with. To guarantee a spotless criminal record, the government also conducts a background check.
Programs for obtaining citizenship through investment do not require the applicant to live in the jurisdiction. To receive a passport, some citizenship programs do necessitate a brief physical contact. On the other hand, some visits might be necessary over time for residency programs to maintain the residency. To be eligible to apply for citizenship, residents of the country must have resided there for a predetermined amount of time.
The expense of applying for citizenship through investment varies depending on the program, the size of the family, and the age of the children. Here are examples of some countries.
- Antigua and Barbuda: A contribution to the National Development Fund: starting at $100,000 for a single applicant and $125,000 for a family of four. An investment in an approved real estate project: starting at $200,000.
- Dominica: For the Economic Diversification Fund option, investors must make a minimum donation of $100,000 for a single applicant or $200,000 for a family of up to four members. For the real estate option, investors must make a minimum investment of $200,000 in a pre-approved real estate project.
- Grenada: The minimum investment required for citizenship by investment in Grenada is $150,000 for a donation to the NTF or $220,000 for an investment in an approved real estate project. The investment amount can vary depending on the specific project chosen.
- Saint Lucia: A non-refundable contribution to the National Economic Fund (NEF), starting at $100,000 for a single applicant. An investment in pre-approved real estate, starting at $300,000 for a single applicant. An investment in a pre-approved enterprise project, starting at $3.5 million for a single applicant.
- St. Kitts: Applicants must make a qualifying investment in either the Sustainable Growth Fund, with a minimum investment of $150,000 in Real Estate, of at least $200,000 and hold the property for a minimum of seven years, Private Homes, where the minimum investment per application is $400,000 or Public Benefit Option, a minimum investment per application of $175,000 in an Approved Public Benefit Investment.
- Jordan: Place a zero-interest bank deposit of 1 million USD at the Central Bank of Jordan for a minimum of three years, or Purchase treasury bonds valued at 1 million USD at an interest rate to be decided by the Central Bank of Jordan held for a minimum of six years; or a $1.5 million purchase of shares in a Jordan company, provided that the shares are not disposed of for at least three years; or $750,000 investment in projects outside of Amman, provided that 10 job opportunities are provided to Jordanians or 1 million investments if within the borders of Amman and provided 20 job opportunities.
- Turkey: Minimum investment in real estate investment of $400,000; or a Bank deposit of $500,000 in a Turkish bank and maintained for a minimum of three years; or a Contribution of $500,000 to government bonds; or a minimum capital investment of $500,000 into a real estate fund share or venture capital investment fund share.
Choose an authorized agent as Empire Global, Select an investment option, prepare all documents, and make the required investment amount. Obtain a residence permit and If your application is approved, you will receive citizenship and can enjoy all the benefits that come with it. Process and time vary from country to country.
Empire Global is a team of experienced professionals who specialize in Citizenship by Investment programs worldwide. We are committed to providing our clients with personalized service and support throughout the entire process. Our team will guide you through every step of the way, from initial consultation to obtaining citizenship. With our extensive knowledge and expertise in the industry, we can help you make the right investment decision and ensure a successful outcome.
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