Citizenship by investment is an investment and immigration product that has continued to gain popularity over the last few years. There are many countries around the world offering citizenship programs, but only a number of them are considered to be highly sought after. These include Malta, Cyprus, St. Kitts & Nevis and the UK as well.
The tier 1 investor visa program in the UK is one citizenship by investment program that has enjoyed a great deal of popularity. This is thanks to its citizenship requirements not being too stringent and its low cost when compared to other citizenship programs.
The tier 1 investor visa program in the UK offered citizenship within three years or under and requires that an applicant invests a minimum of two million pounds sterling into a UK business venture, property or government bond. Alternatively, an applicant can invest two million pounds in any foreign country except the UK.
Many people have benefited from this program; for example, some Chinese nationals have invested in British companies and become UK citizens within two years. Also, many individuals from Russia and the middle east have also used this program extensively to gain residency and eventual citizenship in the UK.
In addition to that, citizenship by investment has also been used extensively in Cyprus, which issues citizenship under the program after five years. The citizenship is extended to family members too. Cyprus is not only a beautiful country but is also an EU member state. With this citizenship, you can free travel and work within the Schengen area. Citizenship in Cyprus has been a very attractive program to investors because of its speed and taxation benefits.
More recently, citizenship by investment programs that provide citizenship in exchange for real estate has come up. For example, Austria has introduced a program that is also quite attractive to investors. This citizenship by investment process requires a significant amount of real estate investment but can be a very effective program since you get citizenship within three years of the application.
The citizenship by investment programs is not only an opportunity for individuals to diversify their citizenship portfolio but also provide business opportunities to invest in foreign countries and stay connected with them for professional and leisurely purposes.
Citizenship by investment programs are quite attractive for investors. These citizenship by naturalization programs promote citizenship to individuals who invest in the local economies of the country and give back to the community. For example, if you purchase a property in Malta under the citizenship by investment program, part of your annual rent will go as a payment towards citizenship acquisition. This is great for investors who are interested in citizenship by investment programs but already own a property abroad and share citizenship with other countries. This way, citizenship becomes an additional opportunity to diversify their citizenship portfolio but also provide business opportunities to invest in foreign countries and stay connected with them for professional and leisurely purposes.
It is important to note that citizenship status can be expensive, so it is most advisable that you speak to a team of international property and immigration experts before naming any decisions.