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Everything you’ve ever wanted to know about citizenship by investment

October 8th 2020

What is citizenship by investment?

Citizenship by investment is the process of securing a second citizenship and passport by investing in the economy of the host country. Citizenship by investment programs legally bestow citizenship status faster than the regular immigration processes of a country.

At High Net Worth Immigration, we offer direct citizenship by investment programs, as well as additional investment programs that ultimately lead to a second citizenship and passport.

Our global residency and citizenship by investment programs portfolio includes the following countries: The UK, Ireland, Bulgaria, Greece, Turkey, and Cyprus, The US and Canada. St. Kitts & Nevis; St. Lucia, Grenada, Antigua & Barbuda, Dominica, Vanuatu, Belize, and Panama.

How can you benefit from citizenship by investment?

There are countless advantages to obtaining a second citizenship—it quite literally provides a world of financial, business, travel, education and family benefits. Here’s an overview of the key benefits:

Security

A dual citizenship and passport can provide a safe haven during times of instability in your home country. It can be invaluable to have an alternate place to live in one of the below scenarios:

  • War or political unrest
  • Discrimination and resulting violence
  • Economic downturns
  • Natural disasters like hurricanes, floods, fires and earthquakes

Business

A dual citizenship and passport can provide a safe haven during times of instability in your home country. It can be invaluable to have an alternate place to live in one of the below scenarios:

  • War or political unrest
  • Discrimination and resulting violence
  • Economic downturns
  • Natural disasters like hurricanes, floods, fires and earthquakes

Mobility

A second passport in the right country can open up lucrative markets in the European Union, the Middle East, Africa, Asia, the Caribbean (via CARICOM) as well as North and South America.

Tax benefits

You’ve worked hard to earn your wealth and deserve to preserve it as effectively as possible. Advantageous tax policies are a key financial reason to seek a second passport. These include:

  • Zero tax or low tax rates on different kinds of assets. Global income may not be taxed at all. Domestically-generated income may be subject to a low tax rate, or no tax for a specified period of time.
  • Tax rates may vary for corporations, individuals, self-employed people, and for those who are retired.
  • Financial privacy laws can help individuals shield their wealth and protect their assets.
  • Storing your assets in a different country can protect your wealth from high inflation or poor economic policies in your home country.

Quality of Life

  • Having a second passport enables you to enjoy the best of as many worlds as you please. The benefits of living in another country can include:
  • World-class health care, including universal health care services or internationally-acclaimed public and private clinics, hospitals, and cosmetic surgical facilities.
  • Access to top-tier educational institutions and in many cases, the ability to attend them for domestic tuition fees.
  • Good infrastructure and public transport
  • Luxurious lodgings in beautiful locations: tropical paradises and beaches, mountains, or metropolitan cities.
  • Easy access to culture including museums, art galleries, theatres, gardens, festivals, restaurants, shopping and historical landmarks.

Grenada Citizenship by Investment – Two Birds with One Stone 

Grenada’s Citizenship by Investment Program is an incredible opportunity that opens a world of benefits. From visa on arrival or visa-free travel to 143 countries and territories, visa treaties with the US and China, to a variety of financial benefits, citizenship in Grenada offers increased mobility, generous taxation, and business opportunities.

Furthermore, Grenada is the only country in the Caribbean that has both a CBI program and  E-2 investor treaty with the US. This means that by obtaining citizenship in Grenada, investors can apply for an E-2 visa that allows them to start a business in the US and live there to operate it.

Two ways to apply for Grenada Citizenship by Investment

  1. Invest in an approved real estate project with a minimum required investment of $220,000 plus all the applicable government, due diligence, application, and legal fees.
  2. Make a charitable donation which starts at $150,000 for a single applicant.

Investment required:  US$220,000 (real estate option)

Processing time:  Up to 60 business days to citizenship approval

Your opportunity to become a global citizen

A second citizenship and passport opens up a world of benefits for you and your family. This is particularly timely as we try to overcome this unprecedented era during the global COVID pandemic. One of the top priorities during this challenging time is wealth protection and growth via stable investments–we can help you with both.

 

Article originally appeared here:

https://nairametrics.com/2020/10/05/everything-youve-ever-wanted-to-know-about-citizenship-by-investment/

Categories: Citizenship Investment

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