Investors can avail the benefits of Grenada passport after investing in Grenada and then gain access to the UK, USA, China, Canada and Schengen.

Grenada Citizenship by Investment Program is an opportunity for investors and their family members to obtain citizenship, permanent residency, work and enjoy equal rights with Grenadian citizens.

Apart from the benefits of Grenada passport, this program is considered legitimate because it has constitutional provisions that explain how to obtain citizenship by investment and the validity of citizenship for life and makes it clear that neither party can revoke citizenship even if the government changes in the future.

About Benefits of Grenada Passport and Citizenship

Benefits of Grenada Passport give individuals global status through the right to live, work and invest in multiple international markets, regardless of whether you are looking for business development, educational opportunities or a luxurious lifestyle, Grenada has you covered.

The Grenada Citizenship by Investment Program was launched under Act No. 15 of 2013, known as the Grenada Citizenship by Investment Act, which states that eligible individuals who meet the stipulated requirements can obtain Grenada citizenship after making a financial investment.

Compared to other citizenship by investment programs around the world, the investment threshold for Grenada citizenship is relatively low, with a $270,000 investment in real estate or a $235,000 contribution to Grenada to receive the benefits of Grenada passport.

After background checks on the investor and their family members, as well as verification of the investment funds used to obtain Grenada citizenship, Grenada citizenship and passport are issued for a period of 6 to 9 months. The passport can be renewed every 10 years without visiting Grenada.

 

·  Benefits of Grenada Passport in Relation to Freedom of Move

 

One of the most important benefits of Grenada passport is its strength and entry into other countries without a visa, as the Grenada passport gives you the right to enter more than 148 countries without a visa, and this is a point of research for businessmen in particular and adventurers and families who want freedom of movement in general, as this passport allows you to enter the most important economic destinations without a visa, and among the 148 countries are all Schengen countries, the United Kingdom, Singapore, China, Canada and the Emirates.

· Benefits of Grenada passport in relation to tax management

 

For business people looking to improve their tax obligations, Grenada may be one of the very few places that does not impose taxes on foreign income, wealth, inheritance and capital gains. The benefits of Grenada passport also extend beyond individuals to companies, as companies can enjoy generous tax incentives and exemption from customs duties on imports. Protecting the privacy of the investor is another benefit of Grenada passport, as the personal details of the beneficial owner are not recorded.

· Benefits of Grenada Passport in Relation to Access to USA

 

Another benefit of Grenada passport is the ability for investors to access America and establish businesses there, as Grenada has an E-2 investor visa agreement with America, the only Caribbean country to have this agreement with America.

· Benefits of Grenada Passport as an Investment Environment

 

The benefits of Grenada passport do not stop at freedom of entry, but it is a gateway to real estate investment with the aim of obtaining Grenada citizenship, in addition to the possibility of renting the property and benefiting from its passive income and the possibility of selling it after 5 years of obtaining citizenship and recovering the invested money. Grenada is a member of the Caribbean Community, the Organization of Eastern Caribbean States, and the Commonwealth. These partnerships will give businesses an advantage by offering broader trade facilities and agreements.

In addition to being an attractive investment destination in the tourism, education, health, ICT, energy, and agriculture sectors, Grenada has recently signed several trade agreements with countries around the world, most notably the Economic Partnership Agreement that eliminates tariffs on all Caribbean exports to the European Union. Grenada’s infrastructure, including airports, ports, and public transportation, also helps citizens move freely both internally and externally.

· Benefits of Grenada Passport as Ease of Requirements

 

Unlike many countries, the Grenada Passport Program does not require you to reside in order to obtain or maintain a passport, does not require you to speak the English language of the country, and does not require you to prove you have a degree or work experience, which is very important for business people who want to obtain a second passport without moving there or making any other difficult commitments. However, you may be required to visit Grenada once for an interview for you and all adult family members.

General Benefits of Grenada Passport

· Benefits of Grenada Passport Regarding Family Members

 

The benefits of a Grenada passport extend to the applicant’s family members, not just the applicant, as you can add your spouse, children, siblings, and dependent parents, and citizenship can be passed on to future generations. In addition to being a beautiful country and home to the world’s first underwater park, Grenada has a high standard of living, a good healthcare system, and an excellent education system, represented by St. George’s Medical University, which attracts students from all over the world.

· Benefits of Grenada Passport Regarding the Credibility of it

 

Not only is the Grenada passport program credible, but the political and economic system in Grenada is also stable. Grenada allows dual citizenship, which means you do not have to cancel your first passport when you have a Grenada passport, and your Grenada passport data is not shared with your home country.

Investors looking to take advantage of the benefits of Grenada passport should apply through an authorized agent. Global Citizen Consultants and its experts act as a tool to help investors obtain Grenada citizenship by being an authorized agent. Contact one of our experts today for a free consultation.

Dominica Citizenship by Investment in 2024 is a compelling option due to its reasonable investment requirements and visa-free travel benefits.

The applicant and their family members, including parents, grandparents, siblings, children, and spouse, will be able to obtain Dominica Citizenship by Investment in 2024 after a quickly background check.

Overview of Dominica Citizenship by Investment in 2024

The Dominica Citizenship by Investment in 2024 is a current outlet and future insurance policy for nationalities whose countries face complex policies, high taxes, or whose governments promote wars, helping wealthy and middle-class investors to protect their present and future with this citizenship.

Dominica is a country of renowned natural beauty, full of beaches and lush forests, the official language is English, the general public also speaks French, it has a moderate climate and hospitable people. Whether you choose to contribute to the Economic Diversification Fund or choose the real estate investment route, both paths are reliable for securing a strong passport and beneficial citizenship within 6 months.

 

Over the past decades, Dominica has developed its infrastructure of airports, hospitals, hotels and seaports, which is why Dominica offers a range of promising investment prospects for investors who intend to set up businesses there. Dominica citizenship holders will also be able to open European bank accounts with ease.

In addition to investment opportunities, Dominica’s attractive tax regime helps in managing properties and establishing companies, as it imposes no taxes on income, wealth, inheritance, shares, salaries and capital gains worldwide.

The Dominica passport is an attractive passport, ranked 37th in the world and allows you to enter more than 140 countries without a visa, including China and all Schengen countries. Dominica citizens are also eligible for 10-year US visas for medical treatment, training courses and business meetings. In addition to the health systems, Dominica has a comprehensive education system, where Dominica citizenship by investment holders can study at Dominica educational institutions for a free.

Obtaining Dominica Citizenship by Investment in 2024

1.  Government donation for Dominica Citizenship by Investment in 2024

 

This includes a non-refundable contribution to the Economic Diversification Fund of $200,000 for a single applicant and $250,000 for the applicant and three additional dependents to support health, education and infrastructure projects. You will also be required to pay $25,000 for each additional dependent under the age of 18 and $40,000 for each additional dependent over the age of 18.

2.  Real Estate and Dominica Citizenship by Investment in 2024

 

Investing in luxury resorts or residential properties qualifies you for Dominica Citizenship by Investment in 2024. Unlike the donation option, a Dominica citizenship holder can rent out the property and then resell it 3 or 5 years after obtaining citizenship in order to recoup the investment.

The minimum property price required to obtain Dominica Citizenship by Investment in 2024 is $200,000, plus a contribution of $75,000 for Dominica as the main applicant and $100,000 for the applicant and three additional dependents. $25,000 will be required for each additional dependent under the age of 18 and $40,000 for each dependent over the age of 18.

This option is ideal for those who want to reside permanently in Dominica or who want to rent out the property and earn rental income. It is worth noting that the property purchase is made after the application is approved, which is considered the least expensive Caribbean citizenship program when it comes to real estate investment.

3.  Dominica Citizenship by Investment in 2024 Business Option

 

Dominica Citizenship by Investment in 2024 can be obtained by investing in one of the government-approved business projects, after which citizenship is guaranteed to the applicant and the rest of the family members, however, you are required to invest at least $500,000 in these projects, which is higher than the costs of the previous two options.

Dominica Citizenship by Investment in 2024 Requirements

The application process for Dominica Citizenship by Investment in 2024 is managed by the Dominica Citizenship Unit, which is part of the Ministry of Finance and is responsible for reviewing and selecting applications by ensuring that all of them meet the eligibility requirements.

To be eligible for Dominica Citizenship by Investment in 2024, the main applicant must be at least 18 years old, be of good standing with no criminal record, have obtained their funds legally, and be in good physical health.

Once Dominica citizenship is obtained, citizenship cannot be revoked or withdrawn for any reason, even if the citizenship program is canceled, but applicants must provide accurate information during the application process and not cheat during the interview.

In order to obtain Dominica Citizenship by Investment in 2024, applicants are required to undergo a personal interview for each applicant who is 16 years of age or older, either in Dominica or in other locations close to the applicant’s place of residence. It is worth noting that this program does not require any residency before or after obtaining citizenship, and it is possible to apply for, obtain and renew a Dominica passport easily and without visiting Dominica.

Are you interested in obtaining a Dominica passport, or are you interested in other citizenship by investment programs around the world? Contact one of our expert consultants in the field of second citizenship.

Global Citizen Consultants: An expert and accredited office for obtaining Caribbean citizenship by investment.

Golden visa programs are the path to residency and passport in Europe, but let’s clarify their difference with traditional residency programs.

Entering Europe with a Golden Visa and traditional residency programs allows individuals to travel within Europe without a visa, reside in desirable locations, establish businesses in countries with strong economies, and obtain citizenship in the future.

About Golden Visa and Regular Residency Programs

Some may hear the term Golden Visa here and there, which means the possibility of obtaining residency from another place after investing in it, and residency by investment is the second term for it, but it should not be confused with golden passport programs that offer citizenship by investment.

In 1984, citizenship by investment programs began to appear through the St. Kitts and Nevis Citizenship Program, at that time many European countries already offered Golden Visa and Regular Residency programs, however, the countries offering Golden Visa programs have greatly decreased and are now narrowly located on Spain, Portugal, Greece and Malta.

 

· Required length of stay

 

This point is the pivotal difference between the two programs, as you need a very short stay to maintain the Golden Visa program, specifically a week or two a year, while traditional residency programs require a stay of 6 to 8 continuous months.

From this we understand that the Golden Visa program is an option for businessmen and investors who want to diversify their investments, properties and businesses in more than one place and those who are looking for alternative plans and who do not think about moving to a country immediately to maintain their current lifestyle. Other residency programs are for those who want to live and settle in a new country.

· Financial requirements and obligations

 

Another difference is the amount of investment required and the long-term commitment. On the one hand, the Golden Visa requirements are higher than the requirements of the regular residency program, but the traditional residency programs require proof of regular income, unlike the Golden Visa program which requires only one investment at the beginning.

To obtain the Golden Visa, you must invest either in real estate or make a financial contribution to the countries that offer these programs or by purchasing investment funds and stocks.

✓ The Path to Permanent Residency and European Citizenship

While both programs claim to lead to European permanent residency and eventually European citizenship, regular residency programs are less clear, the requirements are often more complex, and the timeframe is longer than advertised. However, Golden Visa programs offer permanent residency and citizenship within a pre-determined timeframe that cannot be extended.
The latter takes about 5 years after first applying to a Golden Visa program, but only if certain other requirements are met, such as knowing the country’s language at least at an intermediate level and maintaining the investment until citizenship is obtained.

Examples of Traditional Residency Programs

· Portuguese Passive Income D7 Residency

 

To obtain a Passive Income Residency in Portugal, you must not travel outside Portugal for 6 consecutive months or 8 intermittent months in order to maintain your program, and therefore you cannot move to reside in another European country. In addition, the user must prove that he has a regular passive income and fixed assets.

Examples of Golden Visa Programs

· Portuguese Golden Visa

 

Portugal offers a Golden Visa program for families who are considering strengthening their presence in Europe and benefiting from Portuguese educational, health and cultural opportunities.

To obtain Portuguese residency, you must invest around €500,000 in non-real estate funds or make contributions to the arts and education in Portugal. Note that Portugal only requires its investors to stay for 7 days per year.

· Spanish Golden Visa

 

To qualify for Spanish residency, you must invest €500,000 in Spanish real estate and wait until the end of the Golden Visa program to resell the property or after obtaining Spanish citizenship. With Spanish residency you can establish projects and companies in Spain and the European Union.

· Greek Golden Visa

 

The Greek residency program is considered one of the most suitable European residency programs through investment, as investing in Greek real estate in the amount of 250 thousand euros qualifies you to obtain the Greek Golden Visa, but the Greek government is seriously considering raising investment prices. With this program you can reside not only in Greece but in all European Union countries at once.

Who suitable for Golden Visa and Regular Residency programs?

Regular residency programs are suitable for people who have a regular passive income and want to spend most of their time in one place and do not want to make a large investment immediately, while Golden Visa programs are suitable for people who are looking for alternative plans for their future and want to maintain their residency in another place and are willing to make a one-time investment at the beginning.

Which should I choose, Golden Visa or Regular Residency?

Both programs provide the opportunity to reside, live and establish a business in Europe, but it depends on the preferences of investors regarding the most suitable option for them. We have shown how the Golden Visa program has lower residency requirements and is suitable for those looking to diversify their business and residency rather than living and setting up a business in one place. Also, how you need to make a large investment initially with the Golden Visa programs and you need to prove a steady income with the rest of the residency programs. We have also shown the importance of the two programs in terms of obtaining citizenship and how the Golden Visa programs are clearer and faster to obtain a European passport.

You decide which program you need: Golden Visa programs, traditional residency or citizenship by investment programs. Still confused? Why not contact the citizenship experts Global Citizen Consultants to narrow down the picture for you to make the right decision and then apply for the program from our side as we are an accredited company for residency and citizenship programs around the world.

The Malta Permanent Residency Program is suitable for nature lovers and citizens who cannot benefit from citizenship programs because their countries do not accept dual citizenship.

The Malta Permanent Residency Program is an effective way for wealthy and business people from the Middle East and North Africa to obtain Schengen residency in a suitable period of time.

You can obtain the Malta Permanent Residency Program with your spouse, children, parents and grandparents after making a one-time contribution to the country and then renting or purchasing a property after which you will be granted a lifetime residency in Europe without the need to renew it or actually reside in Malta.

About Malta and the Malta Permanent Residency Program

The Malta Permanent Residency Program known as (MPRP) was established in 2015 and is considered the least expensive European residency program. The most important advantage of the Malta Permanent Residency Program is that after obtaining the Malta Permanent Residency, you will not need to obtain a Schengen visa and you will be allowed to live, work and study in Malta or in any other Schengen countries.

Malta is a European country located on the Mediterranean Sea and consists of 3 inhabited islands, Malta, Gozo and Comino, and a group of uninhabited islands. It is one of the smallest and most densely populated countries in the world, as it is among the 10 smallest countries in the world in terms of area and the fifth smallest country in terms of population. It is not far from countries such as Italy, Tunisia and Libya. Its capital is Valletta and its official languages ​​are English and Maltese.

Malta is one of the European Union countries and its currency is the Euro. The country has beautiful landscapes mixed with history and a desirable climate that is warm in the summer and mild in the winter and is famous for the fact that the sun almost never sets there. It is a politically and economically stable country.

Returning to the Malta permanent residency, it is worth noting that Malta does not require its residents to actually reside in the country, but you can visit or live in this beautiful country whenever you want, and you can keep your investment for only 5 years and then you have the right to recover your money from reselling it.

 

As an entrepreneur, you can open offshore companies there and benefit from tax exemptions that require you not to pay any tax as long as the income is foreign. It will also make it easier for you to reside for 90 days out of every 180 days in Schengen and thus conduct business in all 26 EU countries.

Living cost after getting the Malta Permanent Residency

The cost of living for those interested in the Malta Permanent Residency is fairly moderate, as you can live in this beautiful country and study at a high level with fees that are not considered expensive, as the monthly rent for an apartment is about 550 euros, which is considered one of the least expensive areas in the beautiful Mediterranean.

In addition to rental prices, the monthly cost of services is about 100 euros with the Internet, the monthly subscription to the metro is about 25 euros, and the taxi fare for a distance of 10 kilometers is about 13 euros. As for entertainment, the cost of a basic meal is about 10 euros, a cinema ticket is 10 euros, and the price of a cup of coffee is about 2 euros.

It is a strange paradox for those interested in the Malta permanent residency program that the English language is sufficient in this country, it is characterized by more than 300 days of sunshine a year, it allows a foreign driving license for a full year, public health care is free for holders of the Malta Permanent Residency, and Malta is characterized by being safe.

Investment required to obtain the Malta Permanent Residency

To obtain the Malta Permanent Residency, there are two options, the first is to contribute 68 thousand euros to the Maltese government and purchase a property worth 300 or 350 thousand euros.

The second option to obtain the Malta Permanent Residency is to contribute 98 thousand euros to the Maltese government and rent a residential property with an annual contract of either 10 thousand euros or 12 thousand euros.

Best investment after getting the Malta Permanent Residency

1. Given Malta’s location overlooking the Mediterranean Sea, tourism investment is a good idea due to the desire of Arabs and Europeans in particular.

2. Investing in packaged medicines is a popular option there, with the ease of exporting and importing these materials due to its location.

3. The fishing sector may be one of the best investment areas for those seeking permanent residency in Malta, exporting around 2,800 tons of fish annually, but it also meets the needs of its citizens.

Why the Malta Permanent Residency and not golden visa?

There are 3 popular countries now for obtaining European residency (Golden Visa), the most important of which are Portuguese residency, Spanish residency and Greek residency, but the Malta Permanent Residency is considered one of the fastest European programs in processing files.

The Spanish and Greek residency programs require more cost to invest in real estate, while Portugal has abolished real estate investment and now you can obtain Portuguese residency after investing in government funds. As for the Malta Permanent Residency, it is the only one that gives investors the option of renting.

After reading the article, are you still interested in the Maltese residency program, or are you thinking about citizenship by investment programs? In both cases, contact Global Citizen Consultants, the authorized office for obtaining European residency and second citizenship programs around the world.

Thailand added to countries that Dominica passport holders can enter easily, adding to the other benefits offered by the Dominica citizenship program.

Thailand has recently expanded and facilitated entry to several countries, including the representative of the Caribbean nations (Dominica passport holders) in order to enjoy a longer stay and simpler entry procedures.

Dominica, the so-called Nature Island, whose official language is English and whose people widely speak French, offers its passport holders many benefits, including tax management, family reunification and freedom of movement.

Details on how to get to Thailand with a Dominica passport

While many Caribbean countries require a visa to enter Thailand, Dominica passport holders are an exception, as they can now obtain a visa on arrival and stay for 60 days at a time.

In this regard, the Thai Ministry of Foreign Affairs issued a statement at the end of May 2024 stating that it has expanded the list of countries that can visit Thailand with a visa on arrival or without a visa with the aim of developing tourism and facilitating the entry of visitors from all over the world.

The requirements for entering Thailand with a visa on arrival are a passport valid for at least 6 months, proof of return ticket, a statement proving that the Dominican citizen has sufficient funds during his stay, and activation of health insurance during the stay.

The holder of a Dominican passport should be aware that this residence does not allow work, but you can hold business meetings, tourism, treatment, and visit acquaintances.

In addition to Dominica, there are now 16 new countries that can access Thailand with a visa on arrival and you are allowed to stay for 60 days, including Jordan, Croatia, and Morocco.

 

 

1. Expands the Suspended Nationalities for Dominica Passport

 

In early 2024, Dominica suspended all new applications from citizens of Yemen, who can still obtain a second citizenship from Saint Kitts or Saint Lucia.

Yemeni citizens have been added to the other suspended groups, which are citizens of Northern Iraq, North Korea, Sudan, Russia, Belarus, and Kurdistan.

2. Change in Dominica Passport Fee Structure

 

Like other Caribbean countries, Dominica has changed its pricing structure to match the rest of its neighbors offering Caribbean citizenship and now the pricing structure is as follows:

· Donate to the Economic Diversification Fund (EDF):

Contribute $200,000 per person or $250,000 for a family of 4, plus additional dependent costs and pre-screening fees.

· Real Estate Investment Option

Invest $200,000 in Dominican real estate with the right to resell the property after 3 or 5 years to another person who wants to apply for Dominican citizenship with the purchased property.

3. Boosting Dominica Passport with New Countries

 

Dominica has started requiring Turkish citizens to obtain a visa before visiting Dominica, reflecting updates to travel laws in both countries.

In addition to Thailand, Dominica passport holders can now travel to Argentina without a visa and enter Vietnam with a visa on arrival. All of these steps have boosted Dominica’s passport to rank 34th in the world and allow visa-free access to over 135 other countries, including all Schengen countries, Singapore and Hong Kong.

It is worth noting that Dominica has an embassy in the United Arab Emirates to facilitate any logistical procedures related to passport holders from the Middle East who wish to obtain citizenship after investing in Dominica.

For more information on how to obtain Dominican citizenship and learn more about its benefits in more detail or obtain other second citizenship programs around the world, please contact the Global Citizen Consultants team, the official authorized office for obtaining citizenship by investment around the world.

The Portuguese residency or the so-called golden visa is the key to entering the European world after investing in the booming investment funds.

The Portuguese residency program is not only a path to obtaining residency and citizenship from Europe, but also an opportunity to invest in the best innovative and profitable European sectors today.

Live permanently in Europe with Portuguese residency

Portuguese residency, officially known as the Activity Residence for Investment (ARI), is an initiative launched in 2012 and designed specifically for individuals from outside the European Union, which prepares them to live in Portugal for 5 years and then obtain Portuguese citizenship.

Portugal has proven in recent decades that it has promising sectors not only in tourism and trade, but also in technology and investment in local funds and stocks.

The Portuguese residency requires a stay of only 7 days per year during the first 5 years, which is especially useful for people who have responsibilities outside Portugal and do not want to stay there continuously while taking advantage of the benefits offered by this program.

The benefits of obtaining Portuguese residency include access to healthcare, multiple investment opportunities, the ability to open businesses and companies, a European lifestyle, convenient tax management, family reunification, eligibility for European passport, and the ability to live and move throughout Europe.

The processing time for Portuguese residency depends on a number of factors, but currently takes about a year, during which applicants are granted special visas until the Portuguese residency permit is issued. The nice thing for those considering Portuguese citizenship is that the 5 years are counted from the date of application and not from the time of obtaining the Portuguese residency permit.

After 5 years of residency in Portugal, the investor will have 3 options: either continue with the Portuguese residency program, obtain permanent residency, or apply for Portuguese citizenship. If you decide to choose the last two options, you will have the right to resell your investment unless you consider maintaining the Portuguese residency program.

 

After the decision to cancel the real estate investment option and transfer capital to obtain Portuguese residency, it became clear that there are several other ways to obtain Portuguese residency, most notably investing in investment funds with an amount of 500 thousand euros.

Although diversifying investment in several funds requires a little more effort and costs than investing in a single fund, this is useful in diversifying your investment portfolio. It is also possible to use a company to invest in Portuguese funds.

The attractiveness of investment funds compared to other options is due to several reasons, most notably the distribution of investment and the fact that these funds are managed by experts, tax exemptions, strict supervision, huge investment returns, and the lack of the need to visit to verify the investment.

Portuguese residency and types of qualified investment funds

1. Private stock funds

Invest in companies with strong growth prospects such as the health, agriculture, technology, renewable energy and manufacturing sectors.

2. Capital funds

Invest in emerging companies capable of growth such as the sectors of artificial intelligence, technology, e-commerce, renewable energy and innovation.

3. Mutual Funds

Unlike stock funds, with the option of mutual funds you invest in companies listed on the stock market and there are fewer sectors in this type compared to the other two, the most important of which are telecommunications and financial services.

Top investment sectors to get Portuguese residency in 2024

✓ Technology and communications

✓ Renewable energy

✓ Tourism and hospitality

✓ Health technologies

✓ Agricultural production

Contact Global Citizen if you are interested in the Portuguese Golden Visa program or citizenship by investment programs around the world. Book a free consultation now!

In addition to citizenship by investment, the Caribbean islands are known for their huge return opportunities in tourism and real estate.

Real estate is a popular way to obtain citizenship by investment in the Caribbean islands. Buying a beachfront property for $200,000 is enough to obtain Caribbean citizenship.

In light of the rapid economic growth and increased demand for tourist real estate, citizenship by investment in real estate has become a strategic option for building wealth and achieving commercial returns.

Countries offer citizenship by investment in real estate

1. Citizenship by investment in Antigua and Barbuda

 

Antigua offers two options for obtaining citizenship by investment in real estate. You can either invest in a duplex property or invest in an entire property in areas close to the beach with white sand surrounded by palm trees. Whichever option you choose, you will have to wait 5 years before you can resell it.

However, with the small population, it will be difficult to find the labor and management necessary to maintain real estate investment, in addition to the fact that the island is relatively small and the planning area is limited.

2. Citizenship by investment in Saint Kitts and Nevis

 

Do you want to obtain citizenship from a country whose real estate is located on beaches that smell of tropical plants? Saint Kitts Citizenship offers three options to purchase a property and obtain citizenship by investment.

The three options are to either invest in an approved property and maintain it for 7 years, purchase an approved private residence, or purchase a larger residence for the whole family.

3. Citizenship by investment in Dominica

 

Dominica offers the option of real estate investment in a natural paradise surrounded by rainforests for citizenship by investment. After 5 years, you are allowed to resell it.

With the cheapest properties in the Caribbean, don’t think you’ll find good properties easily and don’t expect good deals to be available for long on this island.

4. Citizenship by investment in Grenada

 

Grenada, the Spice Island, offers citizenship by real estate investment in two ways: either purchasing a share in an approved project, or purchasing an entire real estate project. After 5 years of obtaining Grenada citizenship, you can sell the property used for investment.

There is a limited amount of infrastructure and real estate that can be expanded, and financing options are limited on this island, so prepare to do careful research when deciding on an investment.

5. Citizenship by investment in Saint Lucia

 

Citizenship by investment in Saint Lucia is one of the lowest investment requirements in the Caribbean countries. Investing $200,000 in a luxury property surrounded by the waves of the Atlantic Ocean is enough to obtain Saint Lucia citizenship.

Saint Lucia is not just a place where you can buy a beachfront property, but it is a popular destination for citizenship by investment, as investors are allowed visa-free entry to more than 150 countries, as well as having favorable tax laws and social systems that are beneficial for your entire family.

 

  Total returns on investment ◈ 

◈ The ability to sell shares in the future

◈ Diversify assets and investment portfolio

◈ Free vacations on nature islands

In citizenship by real estate investment focus on:

✓ Real estate investment price

✓ The advantages offered by investing in the chosen property

✓ The pros and cons surrounding the country, citizenship and property you will have

Let Global Citizen Consultants guide you towards the right path full of opportunities and guaranteed returns thanks to its long experience in second citizenship programs. Contact one of our Citizenship by Investment advisors.

The new decision on the Greek Golden Visa was revealed following the long-awaited adjustment decisions, which targeted real estate investment.

The Ministry of Finance submitted the new legislation to the House of Representatives and is now awaiting its approval, but given the ruling majority, the decision will be inevitable according to all indications. It will be implemented at the beginning of October, which means there is still time to apply for the Greek Golden Visa program before these changes.

The Greek Golden Visa program is one of the popular programs to obtain residency in Europe and then live, work and move in Europe comfortably with your family, and then obtain citizenship in the future.

Greek Golden Visa Changes for 2024

On March 22, 2024, the Greek Ministry of Finance issued a package of decisions related to the Greek Golden Visa Program, including raising the value of real estate investment from 250 thousand euros to 800 thousand euros.

The Greek Golden Visa program was launched in 2014 during the economic crisis Greece was experiencing, including falling property prices and a decline in construction.

The good news is that property prices did not rise to €800,000 across the country for the Greek Golden Visa, but only in major cities such as Athens, Thessaloniki, Santorini and islands with a population of more than 3,100.

The cost of the remaining areas became 400 thousand euros. As for commercial properties converted into residential properties for the purpose of restoration, they are still at the old price, meaning 250 thousand euros. In this regard, Greek Finance Minister Kostis Hatzidakis stated that they are adopting balanced measures regarding the Greek Golden Visa Program, taking into account the needs of the population and attracting foreign investments to the country.

He added that these steps come within the framework of the housing policy, which the government aims to provide high-quality housing for citizens while preserving investments.

According to Greek financial data, rental prices rose by more than 20% after the economic crisis that struck the country in 2018 and affected the purchasing power of families.

As per the figures issued by the relevant Greek authorities, more than 20,000 European permanent residence permits have been granted to real estate investors, most of whom are Turkish and Chinese investors.

 

Real estate has proven to be an attractive option for wealthy people wishing to invest in the EU, as it offers residence permits and tax benefits, but as the saying goes, beauty is not perfect. This is because leftist governments in Europe restrict residency by investment programs in Europe.

Spain is one of the latest countries to announce that it will close the Spanish Golden Visa program soon, not to mention that Portugal has canceled real estate investment to obtain residency in Portugal due to the crisis of high housing prices, and the Netherlands, Britain and Ireland have ended their programs.

In the summer of 2023, Greece raised real estate investment prices for a Greek Golden Visa from 250,000 euros to 500 euros in Athens and some other major countries, and is now raising them again to 800,000 euros.

What are other changes to the Greek Golden Visa?

✓ Investors should invest in one property rather than several properties of lower value.

✓ The property area must not be less than 120 square metres.

✓ A share in shared ownership can be purchased for a minimum value of 400 or 800 thousand euros.

✓ Properties can be rented, but not for a short period.

✓ The property cannot be used as a workplace.

✓ If investors violate one of the conditions, they will lose their Greek Golden Visa residence permit for 5 years and will be fined.

Can I get the Greek Golden Visa at the previous price?

Yes, it is possible to obtain a Greek Golden Visa at the old real estate investment prices, which range between 250 and 500 thousand euros in the event of purchasing a property and paying 10% of its right or signing a pre-contract or purchase agreement by September 30, 2024, and completing their investments before the beginning of 2025. And if they are unable to complete the investment till the beginning of 2025, they will then have to invest in another property until May 2025.

Do you want to get the Greek Golden Visa Program before the prices rise? Contact the Global Citizen Consultants as soon as possible. Also browse our articles in the field of residency and citizenship by investment.

After the decision to join Bulgaria and Romania into the Schengen Area, inspection procedures between Bulgaria, Romania and Schengen now cancelled.

Initially, Romania and Bulgaria were accepted to join the Schengen Area by air and sea, and the decision to join by land was postponed. It is expected that attempts to land join will continue throughout 2024.

With this decision, the Schengen Area continues to promote greater cohesion and communication between its jurisdictions and at the same time will support these two countries with new projects in order to ensure their compliance with the laws and a strong security level at the external borders of the Schengen Area.

The decision to join Romania and Bulgaria to the Schengen Area

The European Council took an important decision to add Romania and Bulgaria to the Schengen Area and implement it fully on March 31 of this year (2024). This is the ninth expansion of the Schengen Area, which shows the extent of countries’ harmony and adaptation in one place.

This accession helps strengthen the unity of the European Council and facilitate travel, trade and tourism between European countries within the Schengen Area.

The Schengen Area was established in 1985 after an agreement between 5 European countries. Since then, the region has expanded to include 27 countries with a population of 420 million citizens living in one region without borders.

Attempts to join Bulgaria and Romania are not new. Accession procedures began in 2011, and in 2022 and 2023, monitoring committees revealed the extent of the two countries’ readiness to join and demonstrated their implementation of all required basic standards.

This accession will have long-term dimensions and benefits, the most important of which is increasing trade, tourism and cultural exchange in this region, with the ease of movement of citizens of these countries to the two parties more easily than before.

As Bulgaria and Romania have now joined, Cyprus has also submitted its accession papers and is expected to join soon.

The importance of arriving to Romania

Romania is located at the crossroads of Europe, specifically on the edges of eastern, central and southeastern Europe. Romania has a population of 2 million people. The capital of Romania is Bucharest. It is a city that combines modernity and history, and provides unique tourist attractions and different experiences.

One of the advantages of this decision is that Romania will become more attractive to foreign citizens and tourists, in addition to increasing the value of the port of Constanta on the Black Sea.

As for Romania itself, it will now be able to airlift medicines, sensitive technical materials, military and civilian logistics to other countries.

Romania is a suitable environment and business destination for investors. It is favored by innovators and businessmen because of its strong cultural roots.

The lower costs of doing business in Romania also makes it a better choice for startups specifically, which helps in setting up and managing these startups.

The Golden Visa means that investors and their families obtain residency in Europe, with the right to obtain European citizenship after years.

Because of today’s international interconnectedness, wealthy investors from around the world are looking for ways to enhance personal development, diversify investments, and enjoy diverse cultures.

Whether you are interested in personal growth, opening a business, learning, or engaging in educational programs, with Golden Visa programs, you will have the right to travel and meet all requirements.

Golden visa programs offer countless benefits to investors, from the legal right to reside and move in Europe to access to European health and education systems and the possibility of starting or developing a business. All these advantages allow investors to pursue diverse opportunities.

What are Golden Visa Programs?

The Golden Visa Program is a tool used by governments to benefit from foreign investments in the form of real estate, financial contributions to countries, or opening companies and employing local citizens. In return, these individuals are granted the right to reside and enjoy all European benefits.

Citizenship and Golden Visa programs are no longer just about ease of movement, but are also about seizing many opportunities, ultimately leading to international golden options.

Individuals may find these programs somewhat attractive, but they are not equal. Some may offer more benefits and advantages than others, depending on the investor’s profile and goals.

Individuals are looking for the Golden Visa Program in order to diversify their assets, access new markets, improve quality of life and obtain citizenship in the future.

At the same time, the Golden Visa programs allow you to add family members and thus obtain opportunities and privileges similar to the main investor, and benefit from the first-class European health and educational programs.

 

Read more about European Permanent Residency for the investors

Read More about European Permanent Residency for the investors