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
For further information or assistance
contact us at:
info@europeancitizenships.com
+44(0)20 3488 0590 or +44(0)7771 716434
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