Rising demand for citizenship passports and golden visas

Over the past couple of years, there has been a big demand for second passports and golden visas from nationals of several countries.

British passport

Flickr https://www.flickr.com/photos/nathan17/

According to Fortune, In 2014, the 1% of the global rich spent an estimated $2 billion acquiring nationalities. Many countries are cutting down debt through inflows from economic citizenship programs.

In this IMF report on revenues from citizenship by investment programs, St Kitts & Nevis has achieved impressive 11% of GDP in 2015. All other caribbean nations running economic citizenship programs, are nowhere near this.  Portugal reported 2.4 billion euro (90% of it in real estate) inflows into the golden visa residence permit ARI scheme in just 4 years of running the scheme.  Malta reported over 1 billion euro inflows since the inception of the citizenship scheme in the EU. Dominica used funds from citizenship by investment program to recover from damage caused by 2015  tropical storm.

 

Citizenship by investment - Revenues in GDP in 2015.

Citizenship by investment – Revenues in % of GDP.

Top economic citizenship programs

Country Started in Minimum Investment ** Residency requirements Time for citizenship  Visa free countries*
 Malta  2013  € 900,000  12 months 15 months  168
Cyprus  2011 € 2,000,000  6 months 4 months  159
Austria  NA € 5-10 million   12 months 15 months  173
 Dominica  1993 $100,000   none 2 months  119
St Kitts & Nevis  1984 $250,000  none 4 months  132
Antigua & Barbuda  2013 $200,000  5 days 3 months 134
 Grenada  2014 $200,000   none 2 months  121
St Lucia  2015 $100,000  none 2 months  125

** You also have to pay additional fees such as Government fee, due diligence fee, lawyer fee, passport fee above the minimum investment.

Top golden visa residency programs

Country Started in Minimum Investment ** Residency requirements Time for citizenship
Portugal  2012  € 500,000 7 days/year 6 years
Spain  2012 € 500,000  none 10 years
Austria  NA € 200,000 none 10 years
United States  1993 $ 500,000  must live permanently in US 7 years
United Kingdom  1994 £ 2,000,000  must live permanently in UK 6 years
Canada  1990 C$ 800,000  must live permanently in Canada 4 years
Greece  2014  € 250,000   none 7 years
Hungary  2015 € 300,000  none 8 years
Latvia  2010 € 80,000  none 10 years
Australia  2012 A$ 1,500,000   40 days/year 4 years
Switzerland  2011  $ 1,000,000  none  12 years
New Zealand  N$ 1,500,000  146 days/year  5 years
Belgium  2012  € 300,000  none  5 years
Ireland  2012  € 500,000 none 5 years
Netherlands  2014  € 1,250,000 none 5 years
 Bulgaria  2009  € 512,000 none 4 years
Malta 2012  € 275,000 must live permanently 5 years
Cyprus 2012 € 300,000 none 8 years

 

Top 7 reasons for the demand in market

All those who apply these immigration programs seek free movement to travel across Europe and United Kingdom and dont want to go through time consuming and stressful visa application procedure.

  1. Visa free travel allowing free movement in Europe/United Kingdom/United States
  2. Global uncertainties and fears arising from political events (Turkey, Syria, France, Brexit, Trump victory) prompting many to look for alternative citizenships or immigration.
  3. Better life for family and education to children
  4. Investment in offshore business
  5. Investment in offshore real estate property market (higher returns)
  6. Offshore tax planning (by acquiring second citizenship and relinquishing current citizenship)
  7. Dual or multiple citizenship status passed on to future generation.

European passports

Top countries popular for instant citizenship with passport

  1. Dominica
  2. St Kitts & Nevis
  3. Malta
  4. Cyprus
  5. Grenada
  6. Antigua & Barbuda
  7. St Lucia

Top countries popular for golden visas

Golden visas in Europe

  1. Latvia
  2. United States
  3. Canada
  4. United Kingdom
  5. Australia
  6. Portugal
  7. New Zealand
  8. Ireland
  9. Hong Kong
  10. Singapore
  11. Hungary
  12. Belgium
  13. Spain
  14. Greece

Top investment choices for citizenship or residency

  1. Donation one time payment to Government fund
  2. Government bonds
  3. Real estate investment (buying a home)
  4. Business investment with job creation
  5. Bank deposit (cash)
  6. Investment in Research, technology and infrastructure projects
  7. Investment in Art and cultural projects
  8. Investment in Public interest (associations, foundations)

Top countries seeking golden visas & citizenships (passports)

The demand arises from people in these countries.

  1. China
  2. Russian federation
  3. Pakistan
  4. India
  5. United Arab Emirates (UAE)
  6. South Africa
  7. Saudi Arabia
  8. Iran (iranians living outside iran)
  9. Lebanon
  10. Bangladesh
  11. Iraq
  12. Sri Lanka
  13. Egypt
  14. Brazil
  15. Jordan
  16. Turkey
  17. Qatar
  18. Oman
  19. Malaysia (from foreign nationals living in HK)
  20. Singapore (from foreign nationals living in HK)
  21. Kuwait
  22. Nigeria
  23. Morocco
  24. Libya
  25. Tunisia
  26. Afghanistan

We assist clients with golden visas and citizenship programs. Please contact us through our website www.best-citizenships.com





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Balakrishnan Prabhu

Mr. Balakrishnan Prabhu is the founder of Corpocrat magazine. He is also the founder of Best Citizenships (BC), assisting wealthy individuals with with global citizenship and residency programs in Europe. His other interests are Linux, Machine learning, Wordpress, etc. You can contact him here