The Revised regulations of Citizenship by Investment (CBI) Programme in St Kitts and Nevis were recently amended with elements aimed at benefiting local businesses and entrepreneurs and nationals in the diaspora. As a result a new Public benefit option (PBO) has been introduced as new option under the CBI for investment. Under the Public Benefit Option, the Cabinet can allocate…
Now that the Government only announced closing of Golden visa program to avoid housing crisis, Portugal would debate and vote on the draft law scraping the program on March 16. After that amended law to officially scrap the ARI golden visas. We expect the government would give more time for all backlogs to go through. The fate would lie on…
The Government of St Kitts and Nevis now officially allows residential private homes for sale under its Citizenship by investment (CBI). This unique option has made St.Kitts only country to allow sale of residential homes and apartments among other CBI programs. Previously residential properties were not allowed, only CIU approved resorts or hotels were eligible for CBI. The expansion of…
On Feb 16, Portugal has announced closing of the Europe’s most popular golden visa program in its current form, to curtail the housing crisis in the country with rising rents and property prices largely effecting local population including students. Airbnb rentals will also be prohibited in densely populated areas. Next, the Government will draft a law and will be voted…
Ireland has announced immediate closure of Ireland Immigrant Investor Program (aka Golden visa) effective from Feb 15, 2023. No new applications will be accepted from this date. Current applications will be reviewed. This comes at a time Ireland following the path of UK, which already terminated its golden ticket route for investments in 2020. According to the official announcement by…
Yes, you are entitled to live, study and work in Portugal once you have been issued a Golden visa – residence permit for investment activity (ARI). Family members can also work in Portugal until the expiry of the golden visa. However you cannot work in other EU member states (permission required). Golden visa holders enjoy visa free movement in Europe’s…
The Government of St.Lucia has announced important changes to remote processing of applications in 2023. An average processing time of 45 days has been realised in efficiently streamlined processing applications for the grant of citizenship. This is due to the efficiency of our “pre-processing module”, which allows an applicant to submit core documents for law enforcement background checks before submitting…
Vanuatu has opened new government bonds option for citizenship by investment with money back after just 2 years (no interest paid). Investors must pay AUD 180,000 to subscribe bond certificate locked for just 24 months. Citizenship is permanent after bonds mature. Saint Lucia is the another citizenship by investment scheme that offers full money back after 5 years through National…
The following are frequently asked questions about the donation investment option from prospective investors in citizenship by investment schemes. What is Citizenship by donation? The Donation for Citizenship is one time lump sum contribution to State fund of Government to acquire citizenship for investment. It is the most popular and fastest investment route under CBI. The minimum contribution required is…
The primary grounds of acquisition of citizenship under ordinary naturalisation is a certain period of residence in the country The minimum period of residence required for ordinary naturalisation in EU countries ranges from 3 to 10 years. Important to note that only certain types of residence (permanent, continuous, etc.) may count for naturalisation purposes. Some countries require you to hold…
