Monday, 9 November 2015

Understanding the European Citizenship and Residency Landscape

EU Passports

The Citizenship and Residency Market can be very confusing with the number of offerings from many different countries providing what looks on the surface like similar offerings. The reality can be very different and hopefully this information will help dispel some of the myths, simplify your choice and ensure that you choose the right option that meets your requirements.

The offerings can be placed into 3 main categories: - The Caribbean/Americas Citizenships, The European Residency Programmes, the FULL EU Citizenship Programmes. 

The Caribbean/Americas Citizenships

These offerings from countries such as St Kitts, Dominica, Antigua & Barbuda, and Grenada are
typically in the $250,000 to $400,000 region and provide you with citizenship of that island only and some travel capability on a visa

The European Residency Programmes

The European Residency Programme offerings are provided by Spain, Portugal, Cyprus, Bulgaria
and Hungary (the latter two confusingly name them citizenship programmes) they typically cost in
the region of €500,000 and offer residency (live in the particular country only), the ability to travel to Schengen countries and an option to upgrade to full citizenship after 5-10 years.

The FULL EU Citizenship Programmes

Whilst the Citizenship Programmes are more expensive they offer complete FREEDOM, SECURITY
& MOBILITY to allow you & your family to LIVE, WORK or STUDY anywhere in the European Union 
and provide extensive travel to over 150 countries

FULL EU Citizenship Programme Options

The UK Tier 1 Investment Programme costs  £2m (€2.8m) making it the most expensive of the three options. It takes a minimum of 5 years before applying and you have to live a minimum of 185 days in the UK every year for 5 years, pass a language test and interview making it complex and expensive.

The Malta (EU) Individual Investor programme costs  €1.15m, however you are required to donate €650,000 to the Maltese government as a gift. You are required to live in Malta for 12 months before applying and the application then takes a further 6 months. The qualification challenge and the donation to the government are proving to make the Maltese option not that popular.

The Cyprus (EU) Citizenship by Investment Programme requires €2.5m (typically in real estate), takes 3-4 months and there are no residency or language requirements. The speed and simplicity of the Cyprus programme is making it the most popular option for those wanting FULL EU Citizenship & Passport and the Freedom to Live or Work in Europe.

You can read the full article here

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