Updates:Concord Tower, Office 2212، Al Sufouh, Dubai Media City, Dubai, UAE Read More
The best citizenship by investment programs for the Arab
Every Arab citizen now has the ability to obtain citizenship by investment from some countries as an alternative to any crisis that may arise.
At present, the Arab citizen has two available destinations to revive and secure his future after all the disasters he has been exposed to, especially in recent years, which are either citizenship by investment programs from Caribbean countries or golden visa programs from Europe.
In this article, we highlight citizenship by investment programs because they are worth investing in due to the low investment requirements compared to European residency programs or the so-called golden visa, and secondly because they are a fast second passport program instead of waiting several years and residing in order to qualify for one of the passports granted by countries that offer European residency programs after applying several serious conditions.
A look at citizenship by investment from an Arab perspective
Arab investors have begun to resort to citizenship by investment programs after global crises and conflicts, especially in the Middle East region in the past two years in order to get out of these setbacks.
External crises are not the only problem facing Arab countries, but civil wars and internal unrest also affect the lives and wealth of citizens in these regions.
Also, the Middle East is not the only Arab region looking for citizenship by investment programs, but the North African regions where Arab nationalities are concentrated also need citizenship programs to secure their lives and the lives of their families.
The effects of the Arab Spring, Trump’s rise to power, the recent tense relations between Turkish and Arab societies, the difficulty of obtaining residency in other countries, weak diplomatic relations between countries, and recent anti-immigration policies are all other factors that push people to search for a way out.
Role of citizenship by investment in life of an Arab citizen
For non-Arab citizens, they may aspire to citizenship by investment programs in order to use them as a safety compass and a backup plan in the event of any crisis or any problem they face.
But for Arabs, the matter is different. These programs are an immediate and necessary requirement to secure the lives of investors, their families and their resources with the help of the benefits provided by these programs.
Since family is an integral part of Arab investors, I must mention here that Caribbean citizenship by investment programs qualify your spouse, children, siblings, parents and grandparents to obtain citizenship with you with some financial additions.
Family members will enjoy the same benefits that will be granted to the main investor, including a good health system, world-greatest universities and the beautiful nature that the Caribbean islands are famous for worldwide.
Caribbean citizenship by investment programs are reliable and written in the Caribbean constitutions, and you will only need to wait 9 months to hold your Caribbean passport in your hand without the need to reside before or after obtaining citizenship and without knowing the language or culture of the country, and the simple requirements for obtaining Caribbean citizenship are mentioned in the requirements section below.
The impact of citizenship on business owners and Arab wealth
~ GCC
Today, it has become easy for Arab business owners and companies to obtain one of the citizenship by investment programs legally and directly from one of the beautiful Caribbean countries, with the ease of opening global companies and strong onshore bank accounts.
While the investment amounts required to obtain citizenship by investment constitute an obstacle for the general Arab citizens, they are considered a small number for the wealthy and business owners.
Specifically, this category realizes the benefits of obtaining a strong second passport in addition to their first passport, as the Caribbean passport gives you the opportunity to enter about 150 countries without a visa, and these countries are a dream for some traders and celebrities, the most important of which are Britain, all Schengen countries, China and Canada, and Caribbean countries accept dual passports.
To stimulate their economies, Caribbean governments have worked to facilitate the tax aspect for resident and non-resident citizens by not requesting any tax on their foreign trade or on their capital gains to join the rest of the tax facilities represented by the tax exemption on wealth and inheritance.
Away from the affected Arab countries, second citizenship programs have begun to spread among Gulf citizens, especially after the events of the Arab Spring and their fear of freezing their assets and after the world’s reliance on fossil energy instead of oil in the near future.
citizenship by investment requirements for Arab citizens
To qualify for one of the citizenship by investment programs, the main applicant must be an adult and of good reputation, and his money used in the investment must not be from suspicious sources, while the rest of the family members, including the main applicant, must be in good health.
Obtaining citizenship by investment may cost a person either a donation of $200,000 or a real estate investment of $400,000 that can be resold after 5 years, unlike the golden visa programs in which you must invest around 500,000 euros to obtain conditional residency only from Europe.
Countries offer the best citizenship by investment for Arabs
The Caribbean nations of St. Lucia, St. Kitts, Antigua, and Grenada have introduced these programs at various times over the past 40 years to support their economies before becoming a magnet for investors from around the world.
All five of these countries have roughly the same requirements, family eligibility, and benefits, but there are slight differences that may be important to you depending on your goal for citizenship.
To learn more about citizenship by investment programs, you can either read the rest of our articles on these citizenship programs, or consult with one of our Global Citizenship Consultants experts for free. We have Arabic-speaking trainers and physical offices in most Arab countries.
About Author
Taher Shehab
As co-founder and CEO, Taher Shehab has guided Global Citizen Consultants to be a leader in providing citizenship by investment in over 20 territories, including the Caribbean.
Post a Comment