Many people, including EU residents, have considered moving to another country not for tourism purposes but for a permanent move. Such a decision is often made after comparing the conditions. Many factors are analyzed, such as ecology, crime, and the tax system. A person who values his freedom cannot be kept in a place where he feels his rights are oppressed, and it is pretty fair.
However, which country to choose? Everyone has their priorities, so this article provides only recommendations for planning a move and how to obtain a second passport. If you like island parts of the land, pay attention to Malta citizenship on a special program. It is a beautiful offer from the island authorities to attract new residents and develop the economy simultaneously. Antigua and Barbuda, Grenada dictate not bad conditions. Many other European powers demonstrate reliability in this regard. The most sought-after of them are Italy, Spain, and Greece. However, the terms of registration there are usually longer, and rejection under unclear circumstances is not excluded. Affluent people are used to having guarantees. Therefore, more and more people choose an inexpensive and quick option, namely moving to island republics.
What is Citizenship by Investment Programs
It is possible to obtain a passport from almost every European country in several ways, including marriage, family reunification, long-term naturalization, and through financial contribution. The amounts vary. Programs are available to wealthy individuals. The smallest amount of a real estate or one-time contribution is $100,000.
For example, the Antigua and Barbuda citizenship program allows you to become a legal citizen within 3–4 months after you invest at least $100,000. Let’s now look at the main tip, factors to consider, and what you need to know before starting.
Advice № 1 – consider all costs
Any project by citizenship by investment requires deductions, and the amounts more often
exceed 200 thousand dollars. It is the amount without commissions, fees, and the application itself. Therefore, it is essential to allocate the budget in advance. Think about the risk: if your request is not approved, you may lose the initial amount of money you have already paid. Based on this, it is better to choose an island country surrounded by seas and oceans; for example, St. Kitts and Nevis would be a great option. In the Caribbean, 99 out from 100 applications are approved and there is a high probability of approval.
Advice № 2 – keep an eye out for inexpensive options
The most crucial detail is preparing all the necessary documents. You should gather all the
required documents and ensure they are accurate and up to date. These criteria are essential for documents such as passports and financial statements. It would help if you were sure to have the documents the government issued certified with an apostille, a certificate from the Ministry of Foreign Affairs, or a notary public. It is important to realize that obtaining and certifying such documents takes a significant amount of time.
Advice №3 – Preparing the documents
Of course, not every year can a person apply for a new passport and move to another part of the world. You should gather all the required documents and ensure they are accurate and up to date. These criteria are essential for documents such as passports and financial statements. It would help if you were sure to have the documents the government issued certified with an apostille, a certificate from the Ministry of Foreign Affairs, or a notary public. It is essential to realize that obtaining and certifying such documents takes a significant amount of time.
Advice №4 – choose the right option
External investors currently have 4 main ways to obtain citizenship of the Caribbean islands through capital investment. This is a non-refundable amount to funds, the purchase of real estate that is approved by the government, business assistance (one-time), and the purchase of bonds. Purchasing real estate is the most profitable option. It guarantees profit from renting premises while they are in use by the owner. According to the law, the house can be sold within 5–8 years. Villa, apartment or other property and get your contribution back in double amount.
Advice №5
Special attention should be paid to the taxation system: what taxes will not be charged, and what fees will be significantly lower than for locals. When acquiring citizenship, every second foreigner dreams of developing his business, distributing income into portfolios, and developing business in the new land. All this requires a soft tax system. If there is none in the country of your choice, it is better to rethink your priorities.
Conclusion
So, we have listed above the economic options of countries with citizenship by investment programs. Each of them has its own benefits and is a green oasis with endless sandy shores, where there is a place for active and relaxing recreation, self-development and business planning. These are ecologically clean territories and the absence of crime and terrorism. In addition, the Powers offer fast passport processing and dual citizenship for minimal money.
The best way to avoid misunderstandings and unnecessary expenses during paperwork is to seek help from a professional agency. Specialists will answer all your questions, advise and provide assistance as quickly as possible. You will simply enjoy the process and save your nerves, as well as your budget. Reputation recommendations make it easier to choose one of the presented lands. True, the choice should always be based on studying all the selection criteria that are possible.
