In the Global Chaos of political and economic instability, wars that force people to leave their homes and transparency requirements such as the De-offshorization and EOCD Exchange of information, the majority of High Net Worth individuals and businessmen worldwide started to look beyond the Offshore Corporate Structures towards other solid solutions. Solutions, that will not only open the doors to a new ways of doing successful business, but will also protect their wealth and ensure high quality of live for them, their families and for the generations to come.
In the globalization age with a common market rules more and more wealthy people around the Globe are combining corporate immigration with economic citizenship that allows them to facilitate their mobility and cross-border travel and to get access to new markets and business opportunities. By obtaining residence in active cities such as London, or by obtaining a passport that facilitates visa- free travel a businessman gains easy access to international business platforms and is introduced to new industries.
The Dual Citizenship gives the High Net Worth individuals and their families the rights for social services, high standards of healthcare and grants their children access to some of the top schools in the world. For example students with European passports, can apply to any of the highest rank universities of Europe. Some countries restrict land ownership to citizens only, and as a legal citizen an investor can purchase property in that country. These factors together with the possibilities to invest in luxurious properties in the country of their choice, will significantly increase the family standard of living and the opportunities for professional realization on a global scale.
With many countries in social unrest, economic strife, and political turmoil and governments that encroach on the business and personal affairs to increase their tax revenues, the ability to live in a stable country committed to the rule of law provides safety, anonymity and personal securities. Some governments that offer Citizenship by Investment programs encourage the investors by providing simpler regulations and business-friendly environments. A second passport in such cases can protect the owner from harmful discrimination. Countries with more flexible governments that allow their citizens to keep their personal privacy, freedom and enjoy lower personal income taxation, are attracting more than ever the High Net Worth individuals.
The today’s World is interconnected in so many ways, we are in globalization fast moving age where nationality, religion and even languages are rather a matter of culture and a personal choice. The question “Where are you from?” for many is rather fictional, as they can identify with two, or even more nationalities, languages and cultural identities. People are constantly moving from one country to another for many different reasons, being those personal, political, economic or due to business. Doing business today on an international scale requires mobility and flexibility.
All this movement has changed significantly the immigration model due to increased number of Second Passport seekers. On the other hand pushed by economic challenges and political pressures some governments have restructured their internal policies and procedures to attract businessman and investors to their countries. One way of doing this is through corporate immigration, more relaxed tax legislation and favorable treaties. The other way is through providing special Citizenship by Investment programs. In the past several years the so called Economic Citizenship Market has flourished and the number of countries offering citizenship through an investment programs has risen greatly. The Countries offering such programmes provide simplified solutions for the investors in terms of time to reside in the countries until obtaining a second citizenship under citizenship by investment programmes. As general practice when applying through such program, the investor and his family are not required to reside in the country for extended periods of time before qualifying for citizenship.
There are two main groups of Citizenship programmes by Investment: the European and the Caribbean programmes.
The main advantages of the European programmes are that they provide Visa Free entrance to all Europe, freedom of the EU citizens, possibility to live, study and/or work in EU and enjoy all the social benefits as a European Citizen. The European passport gives Security, Mobility and Freedom, and it is an investment not only for the investor and his/her family, but for the future generations as well.
Cyprus provides the fastest solution for obtaining a passport among all Citizenship by investment programs Worldwide. By investing minimum 2.5 million Euro In Cyprus, through a group scheme investment, an investor and his/her family are given the unique opportunity to receive European Citizenship within only 3 months. Cyprus is an international financial centre offering favorable Taxation with one of the lowest Tax rates in Europe and highly professional workforce. Due to its strategic position between Europe and the Middle East, and beautiful weather conditions all year round, Cyprus is preferred place to live and do business and at the same time enjoy the beautiful beaches and the sea. The long summer season and booming tourism industry gives the opportunity to those investing in real estate to have high returns from rental income. The island has been awarded as one of the top 10 lowest in terms of crime rate countries, therefore is considered as a Safe place to be and raise a family.
The Bulgarian program is one of the newest and most attractive Permanent Residency and Citizenship by Investment programs in Europe, in terms of the amount of investment required and the security of the return of the investment. With two investments of 511.292 EUR in Government Bonds (the first part payable at the moment of application, and the second part payable after one year from the date of receiving of the permanent residence card) one can apply for fast track procedure. Fast track citizenship program takes approximately 1 year, within a legislative framework with full refund of the investment within less than 5 years. Bulgaria offers the most favorable tax rates and free trade environment within the EU. Visa free travel is granted to more than 97 countries worldwide.
Malta provides Combination of investments in Real Estate, Donation to the Government and Investment in the government. The acquisition of real estate with a minimum value of EUR 350 000 to be held for at least 5 years*;or Lease of a residential immovable property in Malta for a period of 5 years, at an annual rent of at least EUR 16 000, and a contribution to the National Development and Social Fund for a minimum amount of € 650 000. Visa free travel to more than 160 countries.
Small Caribbean countries, like Saint Kitts and Nevis, Antigua and Barbuda, Dominica, and Grenada also have citizenship-by-investments programs. The Caribbean programs are generally cheaper and have the advantage of visa free traveling to more than 120 countries including EU and Schengen area, but does not qualify to live, work, study and to the social benefit of an EU citizen. In order to qualify for citizenship by investment, an investor can make either a donation or invest in real estate approved project for citizenship. The Caribbean with its growing economy, safety, stability and natural beauty is thus not surprising that businesspersons look to the Caribbean as a strong candidate for alternative citizenship.
Citizenship programmes can provide easy solutions to some of today’s most difficult problems: Freedom, Mobility, Security, Safety, Privacy, Opportunities for personal growth, in Business and Better Quality of Live.
LAVECO LTD. was established in 1991 and since that date the company’s main spheres of activity have been the incorporation of tax-free companies and companies with a greatly reduced tax burden, and the provision of all the related services. Along with the tax beneficial corporate structures we combine asset protections and investment schemes to ensure the Safety and Higher Quality Life for our clients. Following the current worldwide economic and political situation, the new market trends and demands of our respectful clientele and professional business partners, we have made a step forward by introducing provision of Permanent Residency and Citizenship by Investment Programs. Laveco Limited is licensed agent in Cyprus, Seychelles, Hong-Kong and UAE. With more than 24 years of experience, 9 international offices in Cyprus, Hong Kong, Hungary, Bulgaria, UK, Seychelles, Romania, Israel and UAE, the highly professional team of multilingual business consultants are at your disposal to assist and provide a professional advice.
For any questions and information about Citizenship by Investment programs please Contact Us
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