Obtaining a second passport could be the best investment choice you make for yourself and your family.
What is citizenship by investment?
Otherwise known as a golden visa, these programs allow foreign investors to secure second citizenship by investing in the country’s economy.
The purpose is to encourage economic growth in the country's that run these golden visa programs.
Common citizenship by investment options includes real estate, government bonds, or making a business investment. Be aware that investment requirements and amounts differ greatly between countries.
These programs also offer the quickest immigration route compared to the traditional processes.
The benefits of second citizenship
There are several reasons for obtaining a golden visa.
Successful applicants will gain access to the country’s health and educations systems. They will also benefit from visa-free travel to more countries.
Some passports are more restrictive than others. This can make travel to certain countries for business or pleasure more challenging.
For example, an Indian passport allows visa-free travel to 63 countries. However, a Maltese passport allows visa-free access to 186 countries, including the US and the UK.
Other advantages include access to the host country’s tax system, which could provide financial benefits.
You should note that most golden visa programs extend to the family of the primary applicant. This means that your children and spouse can also benefit from all of the above.
Once citizenship is granted, you are not required to maintain a physical presence in the country for a minimum period. This means that you are not obligated to remain in the country but can still enjoy the benefits of citizenship.
How many countries have citizenship by investment programs?
Not all countries offer a golden visa programme. However, the number of countries that offer citizenship by investment programs is increasing.
St Kitts and Nevis was the first country to offer immigrant investors the chance to gain citizenship back in 1984.
Since then, numerous countries have followed suit and offered similar golden visa programs to foreign nationals. Malta is one of the many countries that offer investor visas.
The island country in Southern Europe is considered one of the most desirable passports in the world. This makes the Malta Golden Visa highly sought after.
What are the requirements for citizenship by investment?
Every country has a different set of requirements. Some require medical reports to show you are in good health. However, this is not the same for all golden visa programs.
Some of the requirements typically include:
No criminal record
Investing in one of the approved options. These include various real estate options, government bonds, etc.
Showing the required documents such as proof of funds
The minimum investments also differ depending on the country. The type of investment option can also be a factor. For example, government bonds may have a lower minimum amount than other types of capital investment.
How long the process takes from the time of application to getting your golden visa is also country dependent. However, the process is still significantly quicker than taking the traditional route.
It is recommended that you speak with an expert for more information on a specific country.
Applying for citizenship
With so many different options and routes to gaining second citizenship, it’s essential to find the right one for you. Applying for a golden visa can be complex, so speaking with an expert is advised.
At Holborn Assets, our dedicated team of citizenship specialists work with some of the most well-established and trusted citizenship by investment programs in the world.
With attractive investment options, we help clients secure a golden visa in the country of their choice. Our complete end-to-end service is designed with the client in mind.
We aim to make the whole process as streamlined as possible. Simply send us the documents, and we will take care of the paperwork for you.
With Holborn Assets, you can be sure that you are in safe hands.
To find out how we can help you obtain a golden visa, contact me using the details below.
Rob.
E:robert.gourlay@holbornassets.com T:(+6)01151565649 W:www.rgwealthsolutions.com
Use the following link to schedule an introductory Zoom meeting:
https://calendly.com/robert-gourlay/introductory-meeting
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