A Saint Kitts and Nevis passport is a signifier of safety, comfort and beautiful perspectives. Presently, it is the most popular Caribbean passport that offers visa-free access to many developed countries, better taxation prospects, and allows to easily obtain long-term US and Canada visas.
The program was launched in 1984, and is world’s oldest citizenship by investment program. Its success is easily represented by numbers: approximately 11,000 foreign investors have become Kittitians.
A foreign national can become a citizen of Saint Kitts and Nevis by purchasing real estate objects, at the starting price of $400,000. The water-front property then may be resold, but only after 5 years of obtaining the passport.
One of the advantages of the program is lack of residence requirement — that is, the applicant is not obliged to spend a single day on the island in order to retain the status of a citizen. It is not necessary to travel to Saint Kitts and Nevis, to become a citizen, too, since it is possible to submit biometrics in one’s original country of residence.
Grenada has launched its citizenship by investment program in 1997. According to the latest data released by the Grenadian Ministry of Finance and Energy, the interest of foreign investors in the program has shot up by 300% compared to the last year; 449 applications were approved in the first half of 2017.
Similar to other Caribbean programs, the two most popular ways of becoming a citizen of Grenada are donation to the government fund ($200,000 for a family of 4 to the National Transformation Fund, in Grenada’s case), or purchase of real estate at the starting price of $350,000. In 4 years, the investor may choose to sell the property and recover the investment.
Dominica’s passport superpower is its cost. A single applicant may become a citizen by exchanging for the passport a non-refundable $100,000 donation to the Government Fund, or investing at least $200,000 in real estate, which then must be held for at least 3 years. Since the launch of the program in 1993, over 2,000 foreign nationals have received their Grenadian passports.
In order to attract more foreign investors, Dominica’s authorities have, in 2017, crossed a couple of items out of the list of documents necessary for submission, such as financial reports, bank references, personal references, and vaccination records. This measure is not an unwelcome one, however, it was not a revolutionary move.
Bulgarian Residency through bond investment.
Bulgaria offers permanent residency through investment of €511,292 (BGN 1 million) in government bonds. The government bond portfolio is for an investment period of five years. No further payment is required. At the end of the five-year period, the full amount of BGN 1 million (€511,292) will be returned to the investor without any accrued interest. The investment is fully guaranteed by the government bonds.
For a set pre-paid fee, clients can leverage their capital by choosing the Financed Investment option. These individuals pay a reduced amount of €195,000(**) that will be used to finance a BGN 1 million (€511,292) closed 5.5 year loan from a Bulgarian chartered bank. Under this option there is no repayment of capital to the investor.
EB-5 visa applicants are typically required to make either a $500,000 or $1 million capital investment amount into a U.S. commercial enterprise. The EB-5 investment can take the form of cash, inventory, equipment, secured indebtedness, tangible property, or cash equivalents and is valuated based on U.S. dollar fair-market value.
The minimum amount of capital required for the EB-5 visa program may be decreased from $1 million to $500,000 if the investment is made in a commercial entity that is located in a targeted employment area (TEA). The EB-5 project must either be in a rural area or in an area that has high unemployment in order to qualify for TEA designation.
High unemployment areas are geographic locations with an unemployment rate that is at least 150 percent of the national unemployment rate at the time of the EB-5 investment. Rural areas are geographic regions that are outside of a city with a population of 20,000 or more. Rural areas can also be geographic regions that are outside of what the U.S. Office of Management and Budget has designated as metropolitan statistical areas.
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