Citizenship By Investment
Are you interested in a second citizenship? If you have the financial means, you may be able to invest your way to citizenship in another country. Citizenship by investment programs offers foreign nationals the opportunity to gain citizenship in exchange for an investment in the host country’s economy.
There are many reasons why someone might want to obtain a second citizenship. For some, it is a way to diversify their portfolio of international assets and protect themselves from political instability or economic upheaval in their home country. Others may see it as a way to open up new business opportunities, access better education or healthcare, or enjoy greater freedom of travel.
In this article, we will look at what economic citizenship is, how it works, and ways of getting started. We will also provide an overview of some of the most popular economic citizenship programs available today. Citizenship by investment will unlock the potential to a world of freedom, global mobility, and exclusive opportunity. Learn about your options today to become a Global Citizen. Discover the power of investing in a second citizenship. Global citizenship means investing in your future.
What is Citizenship by Investment?
Citizenship by investment, also known as economic citizenship, is a way to obtain a second citizenship and passport by investing in the country’s economy. Several countries offer economic citizenship programs, each with its requirements and benefits.
Real Estate Investment
To qualify for economic citizenship, applicants must make a significant financial investment. This can be a real estate investment, a business investment, or a donation to a government fund.
In exchange for their investment, applicants will receive full country citizenship, including a passport. They will also enjoy all the associated rights and benefits, such as the right to live, work, and study in the country.
Citizenship by investment programs is designed to attract foreign direct investment and boost the country’s economy while acquiring citizenship.
How Does Citizenship by Investment Work?
The government of the country typically administers citizenship by investment programs. Each program has its requirements, but all programs require applicants to make a significant financial investment in the country.
In exchange for their investment, applicants will receive full country citizenship and a passport. They will also enjoy all the associated rights and benefits, such as the right to live, work, and study in the country.
Immigration to countries like the U.S., UK, Canada, and Australia is extremely difficult, especially with caps and regulations put into place. However, individuals who have the means to invest in a foreign country can obtain citizenship through citizenship by investment program.
Citizenship by investment program is also known as golden passport program and consist of wealthy individuals legally obtaining second passports, which they can then use for travel and immigration purposes. Second passports from countries like St. Kitts and Antigua and Barbuda serve as stepping stones that allow individuals to gain access to countries which they otherwise wouldn’t be able to access.
This is especially important when it comes to individuals from countries that face restrictions and competitions based on a cap system. One example includes Indian citizens, who have to wait for approximately 14 years to become U.S. citizens. By taking advantage of SGM citizenship by investment program, they can cut this time down to a year.
While Indian and Chinese citizens face cap issues and competition, citizens of other countries may be banned from even applying for immigration to the U.S. or other countries. In these cases, citizenship by investment can be one of the only options these individuals have of immigrating to developed countries or reuniting with their families.
However, each country has its own specifications for individuals and families, and these can get quite complicated. Fortunately, SGM’s services can help clients find the most suitable options for their circumstances and facilitate this process.
Whether you want more freedom to work, travel, study, or live abroad, SGM’s citizenship by investment service can open many doors for you. The golden passport program provides access to coveted nations like the U.S., Canada, Australia, and various European countries. If you think this program can benefit you or people you know, you can schedule a consultation with us by contacting us here. We’ll be more than happy to answer any and all questions you have about the process and can help you determine whether this is the right option for you.
Citizenship by Investment Programs
Some of the most popular citizenship by investment programs are described below.
Started in 1990, the EB5 citizenship program is a visa for US immigrants that permits a green card for all foreign investors. The green card to obtain citizenship will be provided if the investment is qualified and ten jobs are produced.
Some basic requirements are required to determine the eligibility for this scheme.
- Make a lawful finance investment in a company greater than 1.8M$.
- If making an investment in Targeted Employment Area “TEA,” a minimum investment of $900,000 is required.
- Ten or more permanent job creation should be obligatory for the U.S. capable workers.
- You must have a clean criminal record.
It would be helpful to confer with the EB5 visa specialist in dealing with the form and extensive documents.
- Form I-94 and passport copy of you and all of your family members.
- Evidence of the investments you made. The investment should be equal to the nominated amount.
- Copy of registration of the household and past immigrant applications.
- Copy of business license and evidence of the ownership of the business.
- Tax returns and bank statements for the last 5 years.
- Financial statement of businesses.
The documentation should be in the English language and should be legal. All the original documents submitted will exist as a part of the record of the foreign nationals.
2. Turkey Citizenship by Investment Programs
An investment program is built to get turkey citizenship. Foreign investors get a bonus of turkey citizenship either by real estate investment, government bonds, capital investment, or fund assistance to the Turkish government. You can also relish the visa-free travel to 120 countries as a citizen of Turkey.
For Turkey’s citizenship programs qualification, you must be eligible by having a mark on the requirements.
- You should be above 18 years old and have a clear criminal record.
- You should not have stayed as an illegal citizen in Turkey.
- You must make lawful investment programs and must have health insurance.
The documentation required is extensive, and it is suggested to search for professional advice for your documentation. You must have these documents along with you.
- Passport and birth certificates of all the applicants.
- Colored passport size pictures and biometrics and proof of clear criminal record and health insurance.
- $250,000 investment proof in the turkey bank.
- Tax ID number of Turkey.
3. Golden Visa Spain
The Golden Visa strategy of Spain is a unique kind of residency-by-investment visa program launched by the government of Spain in 2013. This program is established specially for non-EU foreigners to allow them to create real estate assets or a capital investment of more than €500,000. The qualified investors are issued permanent residency and citizenship in Spain with the help of a citizenship application.
The requirements for the Golden visa of Spain are given below.
- You must be above 18.
- You must not be included in the list of undesired people and should have a clear criminal history.
- You must hold valid medical insurance and health certifications.
- You should have enough income or assets to reside in Spain; also, you should provide proof of financial investment programs.
Documents essential for the renewal of your applications are below.
- Original Passport with two blank papers.
- White background passport size pictures (2).
- Should have the proof of medical insurance and a medical certificate, and these documents must be valid for 90 days.
- Certified copy of the criminal record for the last 5 years.
4. Portugal Golden Visa Program
The Portugal Golden Visa program rewards investors with residency visas in Portugal, showing that a qualifying asset is created. Since its beginning in 2012, thousands of homes have migrated to Portugal successfully. It’s a component of Portugal’s immigration movement greeting the investors in the country.
TO be eligible for this program, you must fulfill the requirements for obtaining citizenship in Golden Visa Program.
- You must have either non-swiss, non-EEA or non-EU citizenship.
- A minimum investment of €250,000 is required.
- You must complete the stay requirement, which is 7 days stay in Portugal for the 1st year, and more than 14 days remain for the 2nd year.
- Must have a clean criminal record.
Complete all the necessary documents for the economic citizenship program, and the papers are discussed below.
- Application form with valid travel documents and passport.
- Proof of the funds from any lawyer or any bank in Portugal.
- Certified health letter and police clearance letter from Portugal.
- Proof of submission of application fee.
- All records must be of the last 90 to certifications up to 180 days.
5. UK Citizenship by Investment Programs
UK government operates its arrangement of a ‘UK Golden Visa’ welcoming high net worth investors to receive residence in the UK and UK citizenship in interaction for investment in the nation’s financial wealth. While there are many investment programs citizenship options, but there managed by different immigration laws. For example, Quebec immigrant investor program for European citizenship.
For a UK investor, the eligibility requirements are as follows.
- You should be in good health and above 18.
- You must have a clean criminal record and sufficient funds for investment.
- Your biometric details and sources of funds should be valid and categorized as disposable in the UK.
- Your funds must be preserved in more than one regulated financial institute.
Consult a legal advisor to complete the necessary documentation, and they will guide you about the required paperwork to succeed in the application.
- A legitimate passport with at least one empty page or another state of identification can be used for travel.
- Certificate of a criminal record.
- Proof that the amount is held for more than 2 years.
- Proof of UK bank account with the UK-regulated financial institution.
6. Investor Visa Germany
The investor visa scheme of Germany welcomes foreign investors and entrepreneurs along with their families to live, provide service, and run their companies in the country. The entrepreneurs must invest in the investment programs or in their own company to authorize permanent residency.
Following are the necessities you should consider while applying for this citizenship by investment program.
- You must be above the age of 18 and have legitimate medical insurance.
- You must have an intermediate language level of german language.
- You must be a non-EU citizen.
- You must visit Germany after every 6 months once to keep the 3-year permit.
The list of required documents is extensive and necessary to get the investor visa.
- YOu must have a passport along with the proof of Funds sources.
- Legit documents that the person has no criminal record.
- YOu must have the proof of sources and Germany’s health insurance.
- You must have the proof of application fee submission.
Try SGM’s Citizenship By Investment Service Today
If you are looking to get started, then SGM can help. We are a full-service law firm specializing in helping our clients with citizenship by investment. We will guide you through the entire process and help you make the best choices for your family. We will work with you to understand your goals and objectives and provide you with customized solutions that fit your unique circumstances.
SGM has a proven track record of success with citizenship by investment. We have helped hundreds of clients from all over the world obtain EU citizenship.
Contact us today to learn more about how we can help you obtain foreign citizenship through investment.