Why Invest FOR A SECOND RESIDENCY OR CITIZENSHIP?
Senior professionals looking for a new place to call home, parents seeking the best possible educational and job prospects in a new country for their children, entrepreneurs wishing to establish a foreign business. From our initial consultation, the first task is to understand your objectives so we can help guide you on the most suitable program to meet your needs. We also provide a wide selection of countries from which to choose. Individuals of talent and means need not limit their lives and business interests to one country. Residence by investment programs, also known as golden visa programs, provide high-net-worth individuals with the option to relocate and the right to live, work, study, and receive healthcare in their new countries of residence. Being able to change residence to a suitable country or have multiple residences is an increasingly important aspect of international planning for private clients. Residency Invest offers expert advice on residence by investment programs in some of the world’s top places in terms of business environment, quality of life, and the possibility of acquiring citizenship. Listed below are the details of the most credible and successful residence programs recommended by Residency Invest.
What is temporary and permanent residence? Temporary residence is a status granted to a foreign citizen giving them the right to stay in a country for a limited period of time. It can be either in the form of a visa or temporary residence permit. A temporary resident can legally reside and work, study or do business in the country, depending on the type of a visa, without becoming a full citizen. A residence by investment program is another way of obtaining temporary and permanent residence when you are required to invest in a country of your future residence. Temporary residence permit is normally granted for one or two years, subject to renewal either annually or every two years. After a period of legal and continuous residence in the country, generally 5 years, a foreign investor can apply for a permanent residence permit, provided other requirements are met. Permanent residence status offers foreign citizens almost identical rights as to the citizens of the residence-by-investment country. Permanent residents can reside, work, study wherever they want without any time restrictions.
What Is Permanent residency? Permanent residency is a visa status that allows the bearer of the PR card to legally reside in the host country without being a citizen of that country. Permanent residents are entitled to live, work, go to school and access health care in the host country. However, they are not typically entitled to vote or run for office. In order to be eligible to apply for permanent residency status in any given country, individuals usually have to meet certain requirements, such as having work experience in the country, having studied in the country and speaking the language. Since 1986 investment has been another way to gain permanent residency. PR status can also lead to citizenship by naturalization provided the resident has lived in the country for a certain number of years. Why Do People Invest In Permanent Residency? WHY DO PEOPLE INVEST IN PERMANENT RESIDENCY? There are many reasons to invest in a permanent residency, from personal safety to increased global mobility. Permanent residency opens up a world of possibilities to high net worth investors.
(a) Security_ Permanent residency in a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families. (b) Global Mobility_ Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. Permanent residency can offer individuals from these countries increased global mobility. For example, the passport of China allows visa-free entry into only 58 countries, whereas permanent residency in Portugal allows uninhibited travel throughout the Schengen zone, which comprises 26 European states. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople the world over. (c)Business_New business opportunities open up to participants in residency by investment programs as they can now do business in the host country as well as travel abroad more freely. (d)Tax Management_Permanent residency may prove advantageous for tax optimization purposes. For example, Bulgaria has one of the lowest income tax rates in Europe. This allows investors to manage their wealth more efficiently and effectively. (e) Family_Most residency by investment programs are available to the family members of the main applicant. This means that investors can secure a better future for their spouse and children. PR status offers access to world-class health care, education and an improved lifestyle. (f)Education_Education is the foundation of a successful life as a global citizen. Investing in a permanent residency can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees.
Your guide to residence by investment programs: There is no doubt that you have already come across countries that offer citizenship by investment, and most of them are in the Caribbean. Generally, they do not require applicants to reside in the country prior to the application. However, there are many countries that offer residence by investment programs instead of citizenship by investment programs. A residence by investment program is a process that requires a foreign national to invest in another country in order to gain residence there. That foreign investor is then entitled to take up residence in that country and after a certain number of years apply for permanent residence. Permanent residence in its turn, subject to certain conditions, can entitle foreign citizens to citizenship by naturalisation in the country that offers residence by investment. Basically, residence by investment programs go side by side with citizenship by investment programs, where eventually permanent residence also leads to citizenship, but it takes time, requires physical residence in the country for a certain period of time and a permanent residence card.
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