FAQs

Residency by Investment

USA EB-5 Immigrant Investor Program FAQs

What distinguishes a direct EB5 investment from an indirect one?

When an investor engages in a direct EB5 investment, they are not affiliated with a regional centre. Conversely, investors making indirect investments are obliged to contribute to a project overseen by a regional centre, officially recognised by the United States Citizenship and Immigration Services (USCIS).

Is premium processing available for EB5 applications?

Unlike other immigration petitions, premium processing isn't available for EB5 petitions. However, petitioners can potentially speed up the processing time by submitting a request to expedite the process to USCIS.

How many EB-5 visas are issued annually?

Every year, the U.S. Citizenship and Immigration Services (USCIS) allocates 10,000 EB5 Visas, which is equivalent to 7.1% of the total allocation for Employment-Based Immigrant Visa categories.

What is the new EB-5 regional center program?

The majority of EB5 investments are made through a Regional Center. These are entities designated by the USCIS to stimulate economic growth via EB-5 investment in certain areas of the United States.

What are the EB-5 regional centers?

An EB5 regional center is a unit, either public or private, in the United States, tasked with promoting economic growth. Such centers are designated to participate in the Immigrant Investor Program.

Can a gift from a parent, other relatives, or a business be used for an EB5 investment?

There are no specific legal constraints regarding who can gift money to a potential EB5 investor. However, the legitimacy of the gift is tested based on its reasonability, which can be provided by family members, friends or business associates.

What happens if the EB5 petitioner passes away prior to approval?

If an EB5 investor dies before the I-526 petition is approved, the derivative beneficiary’s application or petition can still be approved if the beneficiary resided in the U.S. when the qualifying relative died and continues to reside there on the decision date of the pending petition or application.

How long does it take to transition from an H-1B visa to an EB-5 visa?

The length of the application process varies depending on the number of petitions that the USCIS receives annually, including those still awaiting approval. The transition from an H-1B Visa to an EB5 Visa typically takes 29.5 to 61 months.

Can an H-1B visa holder apply for an EB-5 visa?

Yes, H-1B visa holders can switch their visa status to EB5 while remaining in the United States. This eliminates the need for them to return to their home country and go through a lengthy and logistically challenging consular processing.

What is the validity period for an EB-5 visa?

The period from the application for the conditional EB5 Green Card to the approval of the Removal of Conditions lasts about five years. After this, in approved EB5 Regional Center programs, depending on the terms of the agreement, the investment can be sold, and the investor will retain the permanent Green Card.

What happens if an EB5 project fails?

Failure to meet the job creation requirements of an EB5 project may result in considerable capital losses and an EB5 green card denial. The possibility of refunding the invested amount depends on the type of investment.

How long does it take to get a green card through the EB-5 program?

The process is complex and can take from 22 months to several years, depending on various factors such as the investor's country of origin, the details of the investment, and the processing times at USCIS.

What is the success rate for obtaining an EB5 Green Card?

The EB5 Visa approval rate generally varies between 70 to 80% according to reports from the US Citizenship and Immigration Services (USCIS).

What are the advantages of an EB-5 visa?

An EB5 visa provides the holder and their immediate family with a green card, enabling them to live, work, study, and retire anywhere in the United States, just like other green card processes.

What is the waiting period for the EB-5 visa for Indian applicants in 2024?

According to the Visa Bulletin for June 2024 by the US Department of State, the EB5 visa waiting time for India is currently without a backlog or retrogression. The processing time for the I-526 is estimated to be 24 to 36 months. The investor receives a temporary USA investment Green card at the end of this approval process, with no additional waiting time for Indian applicants.

What is the estimated processing time for an EB-5 visa in 2024?

The estimated processing time for the I-526 Immigrant petition under the EB5 visa for India in 2024 ranges between 29.5 and 61 months. For investors already in the USA, the I-485 Processing time for the investment Green Card USA application to Adjust Status is 7 to 29 months, depending on the service center.

How long am I allowed to live in the U.S. if I have an EB-5 visa?

During the 2-year conditional residency period, the EB5 visa holder and their family are permitted to live and work anywhere in the U.S. They must adhere to the physical presence requirements, and they are not allowed to remain outside of the United States for more than a year.

Do I have to live in the area where my EB5 investment is located?

No, EB5 investors are free to live anywhere in the United States, regardless of where their EB5 investment is located.

What does the “at risk” requirement mean for EB5 investors?

'At risk', in the context of the EB5 program, signifies that the investor's capital must be used in such a way that both potential profit and the risk of loss are part of the investment.

Is my investment guaranteed to return a profit?

No, like all investments, your EB5 investment carries risk and there is no guarantee of profit. The investor must make an "at-risk" investment, which means there is a chance of loss.

Do investors receive their EB-5 investment back?

Indeed, investors do retrieve their invested money. Moreover, in most scenarios, EB5 investors also earn substantial returns on their investments.

Can I work in the U.S. with an EB-5 visa?

Yes, with an EB5 visa, you are granted conditional residency, which allows you to work in the U.S.

Can I bring my family with me if I get an EB-5 visa?

Yes, the EB5 visa allows the investor, their spouse, and unmarried children under 21 years of age to move to the U.S. and potentially obtain permanent residency.

What happens after I make my EB5 investment?

After you make your investment and file a successful petition, you'll be granted conditional residency for two years. Near the end of this period, you must provide evidence that the investment has led to the creation or preservation of at least 10 full-time jobs for U.S. workers to remove the conditions and secure permanent residency.

What types of businesses qualify for EB5 investments?

Most types of for-profit businesses qualify for EB-5 investments. This can include new businesses, existing businesses that are restructured or expanded, or "troubled businesses" that have experienced recent job loss.

What is a TEA (Targeted Employment Area)?

A TEA is a rural area or an area that has experienced high unemployment (at least 150% of the national average rate). TEAs are designated by U.S. Citizenship and Immigration Services (USCIS).

What is the minimum investment required for an EB5 visa?

A minimum investment of either USD 1.05 million or USD 800,000 in a Targeted Employment Area (TEA) is required for the EB5 Visa. This investment must be made in a US-based business with a plan to create or preserve at least 10 permanent, full-time jobs for qualified US workers within 2 years of the investor’s admission to the U.S. as a Conditional Permanent Resident.

What is the EB-5 Immigrant Investor Program?

The EB-5 Immigrant Investor Program is a visa program by the United States of America that allows foreign investors to obtain permanent U.S. residency by investing in a U.S. commercial enterprise that creates or preserves at least 10 full-time jobs for U.S. workers.

Canada Start-up Visa Program FAQs

How long is the Start-up Visa Program visa valid for?

The Start-up Visa is a permanent resident visa. Once granted, you can live and work in Canada permanently, as long as you maintain your resident status.

What is the success rate for obtaining start-up visas in Canada?

As of 2022, the success rate for Canada Start-up Visa applications stands at approximately 75 percent. Business incubators supported 78 percent of all start-ups from designated organizations, with 80 percent receiving support from angel investor networks, and 43 percent backed by venture capital funds.

How long does it take to process my application?

The processing time varies. However, it typically takes approximately 12 to 16 months  to process applications from the date they are submitted.

What advantages does the start-up visa in Canada offer?

Holding a start-up visa in Canada presents the opportunity to establish oneself as an entrepreneur and build a thriving business. It also allows for the attainment of permanent resident status, providing access to services offered to all citizens, such as healthcare and education.

Can I include my family in the application?

Yes, you can include your spouse or common-law partner, and dependent children under 21 years of age in your application to come to Canada.

What is the duration required to process the Canada Start-up Visa?

The Canada Start-up Visa generally takes between 12 to 16 months to process . However, individual processing times can vary depending on factors like the type of application submitted and its completeness, among others.

How much money do I need to settle in Canada?

The Government of Canada does not provide financial support to new Start-up Visa immigrants. You must show that you have enough money to support yourself and your dependents after you arrive in Canada. The amount you need depends on the size of your family.

What are the language requirements?

The ability to communicate and work in English, French or both will help your business succeed in Canada. You must take a language test from an approved agency and meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all four categories: reading, writing, listening, and speaking.

How can I get a letter of support from a designated organization?

You must convince a designated organization that your business idea is worth supporting. You will need to contact the organization directly and present your business concept to them. If they decide to support your idea, they will give you a letter of support.

What is a designated organization?

Designated organizations are business groups approved by Immigration, Refugees and Citizenship Canada to invest in or support possible start-ups through the Start-up Visa Program. These can be venture capital funds, angel investor groups, or business incubators.

What is a qualifying business?

A qualifying business means you created a business that meets the following conditions: each applicant holds at least 10% of the voting rights attached to all shares of the corporation outstanding at the time of receiving a letter of support and applicants and the designated organization jointly hold more than 50% of the total voting rights.

Who is eligible for the Start-up Visa Program?

To be eligible for the Start-up Visa Program, applicants must have a qualifying business, get a letter of support from a designated organization, meet the language requirements, bring enough money to settle, and plan to settle in a province other than the province of Quebec.

Is personal investment mandatory to apply through the Start-up Visa Program?

No, personal investment isn't a requirement for application. The required minimum investment should be sourced from a designated Canadian venture capital fund or angel investor group.

What is the least amount of investment required for the start-up visa in Canada?

To qualify, applicants must secure at least CAD 75,000 from a Canadian angel investor group or a minimum of CAD 20000 from a Canadian government-recognized venture capital fund.

What is the Start-up Visa Program?

The Start-up Visa Program is an immigration program in Canada designed to attract innovative foreign entrepreneurs who have the potential to create jobs and support economic growth in Canada.

Can I get Canada PR by investment?

Yes, Canada offers a few business immigration programs that grant PR to individuals willing to invest and start a business in Canada. This includes the Start-Up Visa Program and certain Provincial Nominee Programs. These programs have different investment and eligibility requirements.

How can an Indian apply for PR in Canada?

An Indian can apply for PR in Canada through multiple pathways. One of the most popular is the Express Entry System, which is a points-based system. Applicants are evaluated based on their skills, work experience, education, language ability, and other factors. Other options include the Provincial Nominee Program and the Quebec Skilled Worker Program.

How can I become a permanent resident in Canada?

You can become a permanent resident in Canada through various pathways such as the Express Entry System, Provincial Nominee Program, Quebec Immigration, or via a Family Class Sponsorship. Each of these pathways has different eligibility criteria that you need to meet.

What is a Canada PR Visa?

A Canada PR Visa is a document that permits an individual to live and work anywhere in Canada. It's a step towards obtaining Canadian citizenship and requires the individual to live in Canada for a certain period of time.

What is Canada PR?

Canada PR, or Permanent Residency, is a status granted to an individual who is not a Canadian citizen but has the right to live and work in Canada without any time limit. This status provides several benefits, similar to those enjoyed by Canadian citizens, such as access to healthcare and the ability to work, study, or start a business anywhere in Canada.

UK Skilled Worker Investment Visa Program FAQs

Is it beneficial for Indians to relocate to the UK?

The UK offers numerous attractions for Indian expatriates, such as high-quality healthcare and education, and a well-established South Asian community. However, considerations like visa procurement, banking, and housing must be considered when contemplating of moving to a new country.

What is the quickest method to obtain permanent residency in the UK?

Typically, PR is granted after maintaining a work visa for 5 years. At present, the Skilled Worker visa is one of the most accessible routes for non-EU nationals to gain PR in the UK. Various UK work visas can lead to UK residency, the Skilled Worker visa being one of them.

Can permanent residency be attained through a Skilled Worker Visa in the UK?

You may be eligible for permanent settlement in the UK if you hold certain visas such as the Skilled Worker visa, the Tier 2 (General), T2 Minister of Religion, or Tier 2 (Sportsperson) visas.

Is it easy for Indians to get permanent residency in the UK?

The ease of acquiring UK PR varies according to the context of your arrival, whether as an international student, a relative or spouse of a UK citizen, or a work visa holder. Therefore, eligibility criteria may differ. There are specific steps to follow for Indians to acquire PR in the UK.

Can I switch to a Skilled Worker Visa from another visa?

Yes, you can apply to switch to this visa from some other visa categories while you're in the UK.

Can I settle in the UK with a Skilled Worker Visa?

Yes, you may be eligible to apply for settlement (also known as 'indefinite leave to remain') once you've been in the UK for 5 years on a Skilled Worker Visa.

Yes, you can apply for your partner and children to join you as your dependents on a Skilled Worker Visa.

Yes, you can apply for your partner and children to join you as your dependents on a Skilled Worker Visa.

What is the average salary for a Skilled Worker in the UK?

The 2024 salary requirement for Skilled Worker visa applicants will increase as follows: The gross annual salary threshold will rise by GBP 600, moving from GBP 25,600 to GBP 26,200 per annum. The minimum hourly wage will increase from GBP 10.10 to GBP 10.75.

What is the duration of the Skilled Worker Visa UK?

The visa can last for up to 5 years before it needs to be extended.

How long does it take to get a Skilled Worker Visa UK from India?

Typically, you can expect a decision within 3 weeks when you apply from outside the UK, but processing times can vary.

How can I apply for a Skilled Worker Visa UK from India?

The process is the same as in any other country. You will need to apply online, provide your biometric information, and submit all the necessary documents. You also need to pay the healthcare surcharge and the visa fee.

How can I score 70 points for a Skilled Worker visa for the UK?

To score 70 points for a Skilled Worker visa, you'll need to meet the requirement of 50 Mandatory Points and 20 Tradeable Points.

How many points do I need to qualify for a Skilled Worker visa?

To qualify for a Skilled Worker visa under the new Points Based Immigration System introduced in the UK from 1st January, 2021, you need to score a total of 70 points.

What is the minimum financial requirement for a UK Skilled Worker visa?

For a Skilled Worker visa, you need to demonstrate that you can meet the maintenance funds requirement to sustain yourself in the UK. Additionally, you need to pay the Health Surcharge and the application fee. To prove your financial stability, you must have a minimum of GBP 1,270 in your bank account.

What are the requirements for a Skilled Worker Visa in the UK?

The Skilled Worker Visa UK requirements include a confirmed job offer from a UK employer who is a licensed sponsor, a Certificate of Sponsorship from your employer, proof of your knowledge of English, and proof of financial sustainability unless you are exempted.

Who is eligible for a UK Skilled Worker Visa?

The Skilled Worker Visa UK Eligibility criteria involves a skilled job from a UK employer, if you're from outside the European Economic Area (EEA) and Switzerland, and you meet other eligibility requirements such as English language proficiency, minimum salary threshold, and financial sustainability.

What is a UK Skilled Worker Visa?

The Skilled Worker Visa UK allows individuals from outside the UK to live and work in the UK if they have been offered a job by a UK employer.

Portugal Golden Visa / Portugal Golden Residence Permit Program FAQs

How long is the Portugal Golden Visa valid for?

The Portugal Golden Visa is initially valid for one year, then two subsequent renewals of two years each. After five years, you can apply for permanent residency, and after six years, you can apply for citizenship.

Can my family also benefit from the Portugal Golden Visa Program?

Yes, your immediate family members can also benefit from the Portugal Golden Visa Program. This includes your spouse, dependent children, and dependent parents.

Is the investment required for the Portugal Golden Visa Program refundable?

No, the investment is not refundable. It's an actual investment in Portugal's economy that grants you the benefits of the Golden Visa Program.

How much do I need to invest for the Portugal Investment Visa?

The minimum investment ranges from EUR 250,000 to EUR 500,000 depending on the type of investment. For real estate, it's typically EUR 400,000, or EUR 350,000 if the property is over 30 years old or located in an area of urban regeneration.

What are the main benefits of the Portugal Golden Visa Program?

The main benefits of the Portugal Golden Visa Program include the ability to live, study and work in Portugal, visa-free travel within Europe’s Schengen Zone, access to public services, and a pathway to Portuguese citizenship and EU citizenship.

How long does it take to receive a Portugal Residence Permit through the Golden Visa Program?

The entire process can take around 18 months, depending on various factors such as how quickly the necessary paperwork is processed and if there are any complications.

Is the Portugal PR for Indian citizens available?

Yes, the Portugal Golden Visa Program is open to all nationalities, including Indian citizens. Indians can obtain Portugal PR (Permanent Residency) by investing in the country as per the guidelines of the Golden Visa Program.

How can I apply for the Portugal Golden Visa Program?

You can apply for the Portugal Golden Visa Program by making an eligible investment in the country. This could be through purchasing property, investing in research and development, or creating jobs. After the investment, you would need to apply for the visa with the necessary paperwork demonstrating your investment.

What is Portugal citizenship by investment?

Portugal citizenship by investment is a process where individuals can acquire Portugal citizenship by making a substantial financial investment in the country. This investment can take various forms such as purchase of real estate, creation of jobs, or donation to scientific and technological research in Portugal.

What is the Portugal Golden Residence Permit Program?

The Portugal Golden Residence Permit Program, also known as the Portugal Golden Visa Program, is a legal tool that allows non-European Union citizens to gain a residence permit in Portugal through investment activities.

Spain Golden Visa Program FAQs

What is the validity period of the Golden Visa for Spain?

The Golden Visa issued by the Embassy has a validity of one year. Within this year, you must enter Spain and replace your visa with a Spain residence permit that remains valid for two years. As long as your investment is maintained, the residence permit can be renewed indefinitely without any stay requirements, although you must travel to Spain each time for the renewal. If you plan to reside in Spain, you can apply for permanent residence after five continuous years of residency (spending at least six months of the year).

Can I acquire Spain citizenship by investment?

Yes, Spain’s Investor Visa can lead to citizenship, provided you live in Spain for a minimum of 10 years. Even though the process of becoming a resident of Spain through investment is relatively simple, to receive a passport, you must live in Spain for at least six months every year for a decade.

Can I use a loan to apply for a Golden Visa for Spain?

No, using borrowed money to apply for a Golden Visa for Spain is not allowed. You must make the initial investment fully from your own funds and you should be the sole owner of the investment.

What happens after residing for 5 years in Spain?

After 5 years of Spanish Residency acquired through Self-Employed Residency, Non-Lucrative Residency, or Residency through Investment, you obtain permanent residency. After 5 more years as a permanent resident, you can then secure Spanish Citizenship along with a Spanish Passport.

What are the updated residency rules for Spain in 2024?

In 2024, the IPREM is set at EUR 600 monthly. This means a guaranteed regular monthly income of EUR 2,400 or an annual income of EUR 28,800 is required for an individual. For each added family member, 100% of the IPREM is necessary, which equates to EUR 600 per month or its equivalent in foreign currency in 2024.

What are the benefits of the Golden Visa in Spain?

The Golden Visa in Spain enables you to work and reside legally in Spain. You can bring along your family members (spouse, children, and dependent parents). Both you and your family members gain access to public services such as state health care and schooling.

How long is the Spain Golden Visa valid for?

Initially, the Spain Golden Visa is valid for two years. After this, if you still meet the requirements, you can renew it for five more years.

Is the investment I make in Spain through the Golden Visa program refundable?

The investment is not directly refundable by the Spanish government, as it typically involves private transactions, like purchasing real estate or investing in a business. However, you can sell your investments after maintaining them for the required period.

Are taxes applicable in Spain with a golden visa?

Yes, if you've procured your investor permit and stay in Spain for over 183 days in a year, you're deemed a tax resident. Primarily, this implies that you're obligated to pay income tax on all your globally earned income.

Can I work in Spain with the Golden Visa?

Yes, the Spain Golden Visa allows you to live and work anywhere in Spain.

Does the Spain Residency by Investment program require me to live in Spain?

While you do not need to live permanently in Spain, you must visit the country at least once in the first year and once in the second year to maintain your residency status.

How long does it take to get a Golden Visa in Spain?

The processing time can vary, but generally, it takes around 2-3 months from the application submission date to receive the Spain Golden Visa.

Which family members are eligible to be included in the Spain Golden Visa?

Family members eligible for inclusion in the Spain Golden Visa are:

  • Your spouse
  • Your financially dependent children of any age. If you have dependent children suffering from any health or mental conditions, even if they're not minors, they also qualify for the visa.
  • Your financially dependent elderly parents who are 65+.

Can my family benefit from my Spain Investment Visa?

Yes, the Spain Golden Visa can include family members. This usually covers the investor's spouse, financially dependent children of any age, and, in some cases, dependent parents who are over 65 years of age.

Does investing in the Spain Golden Visa program automatically grant me Spanish citizenship?

No, the Spain Golden Visa program grants residency, not citizenship. After 5 years residence, however, you may apply for Spanish citizenship, but this is subject to fulfilling other criteria such as proving good civic conduct and sufficient integration into Spanish society.

Is a joint investment acceptable for obtaining a Spain Investment Visa?

In the case of joint investments or purchases, each individual investment must meet the minimum requirements. Therefore, if you choose to buy a property, each participant needs to contribute EUR 500,000 to be eligible for the Golden Visa.

How much do I need to invest to be eligible for Spain’s Residence by Investment program?

To qualify for the Golden Visa Spain, you need to invest at least EUR 500,000 in real estate, EUR 2 million in Spanish government bonds, EUR 1 million in shares or businesses of Spanish companies, or make a EUR 1 million deposit in a Spanish bank. Alternatively, you can undertake a significant business project in Spain that leads to job creation, economic development, or scientific/technological innovation.

What is the Spain Golden Visa program?

The Spain Golden Visa program is a type of residence-by-investment program. It allows non-European Union nationals to gain a residency permit in Spain through a significant financial investment in the country, such as property purchase, business investment, or job creation.

Greece Golden Visa Program FAQs

How can an Indian citizen settle in Greece?

To become a resident of Greece, an Indian citizen must:

  • Be a non-EU citizen and at least 18 years old.
  • Invest a minimum of EUR 250,000 (Indian INR 22M) in real estate property, OR
  • Purchase a plot of land valued at a minimum of EUR 250,000 (Indian INR 22M).

Can a holder of a Greek Golden Visa work in Europe?

Holders of the Greek Golden Visa are not permitted to seek employment or work in Greece or any other EU country. They may, however, earn money from the interest on their investment or by renting out their property.

What are the tax benefits associated with the Greece Golden Visa?

Golden Visa holders can opt to pay a flat tax of EUR 100,000 per year instead of the global income tax which could reach up to 45%. This fixed amount is payable regardless of the investor's income earned outside of Greece.

Are there any expected changes to the Greece Golden Visa in 2024?

The Greek Golden Visa Program is set to undergo substantial changes, with the minimum investment requirement increasing from €250,000 to €800,000. Investors can still take advantage of the current rate by making a 10% deposit by August 31, 2024. This offers a limited opportunity to secure a visa under the existing, more favorable investment terms.

What is the processing time for the Greece Golden Visa?

The application process for a Greek Residency Golden Visa typically takes between 3 to 5 months. It involves gathering supporting documentation and completing the application.

Is it worthwhile to obtain a Golden Visa for Greece?

The Golden Visa program in Greece offers several benefits for investors aiming for permanent residency in Europe. The country boasts a burgeoning economy and unique advantages, and the Golden Visa can potentially lead to Greek Citizenship after seven years.

How can one obtain permanent residency in Greece through investment?

In 2023, the minimum investment required to obtain Greece's Golden Visa (Permanent Residency) typically exceeds EUR 250,000, which is approximately 22M in Indian Rupees. Here are the options:A minimum investment of EUR 250,000 (Indian INR 22M) in real estate property A minimum investment of EUR 400,000 as a Bank deposit in a Greek bank A minimum capital investment of EUR 400,000 in an actively operating Greek company A minimum investment of EUR 400,000 in Government Bonds

What are the key features of the Greece Golden Visa program?

The Greece Golden Visa program offers a five-year renewable residence permit to non-EU nationals who make a qualifying investment in Greece. The residence permit provides the holder with visa-free access to the Schengen Zone, and the ability to live, study and work in Greece.

How can I get a Greece residence permit through investment?

To get a Greek residence permit through investment, you must first make an eligible investment, such as buying real estate worth at least EUR 250,000. In the case of jointly owned property, each owner must invest at least EUR 250,000 to secure a residence permit. An exception is made for married couples.

What is Greek residency by investment?

The Greek residency by investment refers to the Greece Golden Visa program, which grants residency to those who invest a significant amount in the country. The minimum investment is typically in real estate and is around EUR 250,000.

What are the benefits of Greece permanent residency for Indian citizens?

The benefits of Greece permanent residency for Indian citizens include visa-free travel within the Schengen Zone, the right to live, study and work in Greece, and access to Greek public healthcare and education. The residency is also extendable to the investor's immediate family members.

Can Indian citizens apply for the Greece Golden Visa program?

Yes, Indian citizens can apply for the Greece Golden Visa program. The program is open to non-EU nationals, including Indians, who are willing to make the requisite investment.

How can I get Greece citizenship by investment?

Greece doesn't offer direct citizenship by investment. However, the Golden Visa program can put you on a path to citizenship. After seven years of continuous legal residency, you can apply for Greek citizenship.

What is the Greece Golden Visa program?

The Greece Golden Visa program is a residency-by-investment scheme that allows non-EU nationals to obtain a residence permit in Greece by making a significant investment in the country, often in real estate.

Malta Permanent Residence Program FAQs

Is Malta a favourable country for immigration?

With a low unemployment rate and good job prospects for highly skilled workers in numerous industries, Malta, the most densely populated country in the EU, offers attractive opportunities. Living in Malta is also relatively affordable.

Does purchasing real estate in Malta lead to citizenship?

No, simply buying real estate in Malta does not grant citizenship. To gain citizenship through investment, one must buy or rent residential real estate, make a financial contribution to the Maltese government, and make a donation to a non-governmental organization.

How do residency and citizenship in Malta differ?

While Maltese citizenship provides individuals with permanent rights, privileges, and protections within the country, temporary residency allows individuals to live in Malta for a specific period. Permanent residency, however, grants the right to live in Malta indefinitely.

What are the advantages of Maltese citizenship?

Maltese citizenship grants permanent rights, privileges, and protections. Being an EU member state, Maltese citizenship also allows you to live, work, and retire in all other EU member countries.

What is the duration of stay required in Malta for citizenship?

Applicants are required to maintain residence in Malta for five years from the date their official certificate of citizenship is issued to qualify for citizenship.

What advantages does Malta residency provide?

Being a party to the Schengen agreement, Malta residency card holders are entitled to the Schengen Residence Card, enabling them to travel freely within 26 countries, including the majority of EU Member States and countries like Iceland, Norway, Switzerland, and Liechtenstein.

How does permanent residence (PR) differ from citizenship in Malta?

While Maltese citizens can live, work, and study in any EU country, Permanent Residents can only do so within Malta. Maltese citizens also enjoy visa-free travel to 187 countries.

Can purchasing a house in Malta result in residency?

To qualify for residency under the new Global Residence Program, a property must be purchased for at least EUR 300,000 in the South of Malta or Gozo or EUR 350,000 in the rest of Malta; or rent a property for a minimum value of EUR 10,000 in the South of Malta or Gozo or EUR 12,000 in the rest of Malta.

What is the cost of a residence permit in Malta?

The principal applicant for Maltese Residency by Investment must contribute EUR 10,000 per year if renting a property, or EUR 300,000 if purchasing a property, payable to the Maltese authorities in two installments.

How can an Indian national acquire permanent residency in Malta?

The Malta Permanent Residence Program is open to Indian citizens who are 18 years or older, in good health, and have a capital of at least EUR 500,000, of which EUR 150,000 must be in liquid assets.

How does one attain residency in Malta?

To obtain residency in Malta via the Golden Visa, one must fulfill the following requirements:

  • Be at least 18 years old and not an EU citizen.
  • Satisfy the qualifying investment requirements.
  • Retain the property investment for at least 5 years.
  • Possess a clean criminal record.
  • Have global health insurance coverage.
  • Be of good health and maintain a good reputation.

What rights do I have with Malta Permanent Residence?

As a Malta Permanent Resident, you have the right to live, work, and study in Malta. Additionally, you get visa-free travel within the Schengen Zone. However, please note that it does not grant voting rights or a Maltese passport. For citizenship, you would have to apply through the separate Malta Citizenship by Investment Program.

Can I bring my family under the Malta Permanent Residence Program?

Yes, dependents, including the spouse and financially dependent or adopted children under the age of 18 can typically be included in the application. However, each dependent may increase the required investment.

How much does it cost to obtain Malta PR through the Golden Visa or Residency by Investment Program?

The costs for the Malta PR vary based on the type of investment you choose. As a rough guide, you may expect to contribute around EUR 28,000 to EUR 300,000 in government bonds or funds and purchase a property worth at least EUR 300,000 (or rent property annually for around EUR 10,000). There are also applications, due diligence and lawyer's fees. However, please consult with a professional advisor for the most accurate information.

What is Malta Residency by Investment?

Malta Residency by Investment refers to the process of obtaining permanent residency status in Malta by making a significant financial investment in the country. This could be through real estate purchase or rental, investment in government bonds, or a contribution to a national development fund.

How long does Malta residency last?

Once granted, Malta residency under the Permanent Residence Program or the Malta Residence and Visa Program is indefinite, as long as the individual continues to meet the conditions of the program, such as maintaining their qualifying investment.

What are the requirements for Malta PR?

The requirements for Malta PR include a clean criminal record, proof of sufficient economic resources, health insurance coverage, and a qualifying investment in the country. The specific details of the investment can vary but may include purchasing or renting property, investing in government bonds, or contributing to a national development fund.

How much time is needed to obtain a Malta Golden Visa?

The process typically includes application preparation (4 weeks), residency application submission and processing (4 months), and compliance procedures, such as purchasing a house (3 months). The Permanent Residency card is issued at the end.

What is the Malta Golden Visa?

The Malta Golden Visa is a fast track to EU citizenship for you and your family members. As a Maltese citizen, you have access to the EU open market and the freedom to live, study, work, and invest anywhere in the European Union.

How can I obtain a Malta residence permit?

To obtain a Malta residence permit, one must apply for Malta's Permanent Residence Program or the Malta Residence and Visa Program. These programs usually require a significant financial investment in the country, like purchasing real estate or investing in government bonds, and an ongoing commitment to maintain this investment.

Can an Indian citizen apply for Malta’s Permanent Residence Program?

Yes, Indian citizens can apply for Malta's Permanent Residence Program, often referred to as "Malta PR for Indian." The program is open to non-EU nationals, which includes Indians.

What is Malta’s Permanent Residence Program?

The Permanent Residence Program of Malta is a legal and economic citizenship program that allows non-Maltese individuals to live, work, and study in Malta indefinitely. It also provides visa-free travel within the Schengen Zone.

Citizenship by Investment

Grenada Citizenship by Investment Program FAQs

Is it required to travel to Grenada to complete the citizenship process?

The application process can be conducted from your current country of residence. After your application has been approved and you've received your passport, you're required to travel to Grenada to take your oath or affirmation of allegiance. At any point, you're free to take up full-time residence in Grenada.

What happens if I sell my investment? Do I need to renounce my citizenship?

No, the citizenship remains yours for life.

Is it necessary to file a separate Grenada Citizenship by Investment application for each family member?

No, this isn't required. Spouses and dependent children up to the age of 25 can be included in the same application.

What are the tax-related benefits of obtaining Grenada citizenship?

Applicants are required to possess a clean criminal record and should be able to confirm their source of funds. There are no residency prerequisites in Grenada either before or after citizenship is granted, and there is no tax imposed on global income. Dependent children under the age of 30 are also covered.

What are the benefits associated with Grenada citizenship?

Citizens of Grenada can visit 143 countries without needing a visa, including Schengen area countries, the UK, China, Singapore, and Hong Kong. They can remain in these countries visa-free for 30 to 180 days a year.

Could you explain the concept of due diligence in the context of Grenada citizenship by investment?

Due diligence often extends over six months. The time taken for bank clearance is variable, ranging from a few weeks to several months. The Citizenship by Investment (CBI) Unit forwards the investor's documents to the bank, procures an opinion, and then conducts its own due diligence process.

Does India accept dual citizenship with Grenada?

Dual citizenship is allowed, enabling Grenada citizens to maintain their initial citizenship. Indians with Grenada citizenship can also apply for Overseas Citizenship of India, which is permitted under the Citizenship Act, 1955.

Can my family members also acquire Grenada citizenship under the CBI program?

Yes, dependents including a spouse, two dependent children under 30 years of age, dependent parents and siblings at an additional cost of USD 25,000 per family member can obtain Grenada citizenship under the CBI program, provided they meet the eligibility requirements.

What is a Grenada Golden Visa?

The term "Golden Visa" is commonly used to describe citizenship or residency by investment programs. In the case of Grenada, it refers to the Grenada Citizenship by Investment Program.

What is a Grenada passport by investment?

A Grenada passport by investment refers to the passport one obtains after successfully going through the Grenada Citizenship by Investment Program. This passport allows visa-free or visa-on-arrival travel to over 140 countries worldwide.

What are the requirements for the Grenada Citizenship by Investment Program?

The requirements for the Grenada CBI program include: making the required investment, providing all necessary documents, passing a thorough background check, being of excellent character, and not having been denied entry to a country with which Grenada has visa-free access.

What is the time frame for obtaining Grenada citizenship via investment?

The processing and approval for Grenada citizenship by investment typically takes between 60 to 90 days. The entire process, ranging from application submission to receiving your Caribbean passport, generally spans six to nine months.

Is the investment refundable?

The donation to the National Transformation Fund is non-refundable. In the case of the real estate investment, it may be sold after a mandatory holding period, subject to the terms of the investment.

What is the cost involved in purchasing Grenada citizenship?

To secure Grenada citizenship, investors have a choice between two investment options: A non-refundable contribution to the National Transformation Fund — over USD 150,000 for an individual applicant or more than USD 200,000 for a family. Alternatively, a government-approved real estate purchase of USD 220,000 can be made. This investment is returnable after 5 years. Apart from this, the applicants are required to pay Government fees, due diligence fees and legal fees associated with the application process.

How can one obtain Grenada citizenship through investment?

One can obtain Grenada citizenship through investment either by making a donation to the National Transformation Fund (NTF) or by investing in Govt. approved real estate projects in Grenada. Both options have varying minimum investment requirements.

Who is eligible to apply for citizenship?

In order to apply for Grenada's citizenship program, you need to be at least 18 years old, have a clean criminal record, possess good character, and be in good health.

What is the Grenada Citizenship by Investment (CBI) Program?

The Grenada Citizenship by Investment Program is a process that allows individuals to obtain Grenadian citizenship in exchange for making a significant economic contribution to the country, usually in the form of a donation or real estate investment.

Türkiye Citizenship by Investment Program FAQs

Does Turkey give citizenship to Indians?

Indian citizens can acquire Turkish citizenship by investing a certain amount in Turkish real estate, government bonds, a Turkish bank, or making a direct capital transfer. The minimum amount of investment changes between $400,000 and $500,000 depending on the type of investment you choose to make.

What is the rule of Turkish citizenship?

Citizenship is defined in Article 66 of the Turkish constitution: Everyone bound to the Turkish state through the bond of citizenship is a Turk. The child of a Turkish parent is a Turk. Citizenship can be acquired under the conditions stipulated by law, and shall be forfeited only in cases determined by law.

What are the risks involved with the Turkey Residency by Investment program?

The risks are minimal if the application process is handled correctly. However, the application may be rejected if you do not pass the due diligence checks, fail to provide correct and honest information, or if your investment does not comply with the program's rules. Therefore, it is always recommended to use a reputable immigration lawyer or agency.

What benefits do I get with a Turkey passport by investment?

A Turkish passport grants visa-free or visa-on-arrival access to over 112 countries. It also offers the right to live, work, and enjoy social services and benefits in Turkey, such as healthcare and education.

Can I hold dual citizenship if I get Turkey citizenship by investment?

Yes, Turkey recognizes dual citizenship. However, it is recommended to check whether your home country also allows dual citizenship.

Do I need to live in Turkey to maintain my citizenship obtained through the Investment Program?

There is no residency requirement for maintaining your citizenship obtained through the Investment Program. However, you must visit Turkey at least once during the application process.

How long does it take to get citizenship in Turkey by investment?

To remain eligible for the Türkiye citizenship by investment, the applicants are required to keep the said investment for a minimum of three years.

Can my family also get Turkey citizenship if I apply for the Citizenship by Investment Program?

Yes, your immediate family members (spouse and dependent children under 18 years old) can also gain Türkiye citizenship when you apply for the Citizenship by Investment Program.

All applicants for the Turkey Citizenship by Investment Program must pass a thorough due diligence process that includes background checks. If you have a criminal record, it could negatively impact your application, depending on the severity and nature of the crime.

All applicants for the Turkey Citizenship by Investment Program must pass a thorough due diligence process that includes background checks. If you have a criminal record, it could negatively impact your application, depending on the severity and nature of the crime.

What documents are needed to apply for Turkish citizenship by investment?

The required documents for a Turkey Investor Visa application include:

  • A passport for each applicant.
  • Proof of the necessary investment.
  • A Turkish Tax Number.
  • A document confirming no illegal stay in Turkey.
  • Proof of tax and fee payment for the Turkey Investment Visa application.

What are the benefits of Turkish citizenship by investment?

  • Visa-free entry to 112 countries, including Singapore, Hong Kong, Japan.
  • An opportunity to live, work, study in Turkey.
  • Fast and easy process of obtaining citizenship by investment.
  • No residency requirements.

Can I get Turkish citizenship by buying a house?

If the property cost is USD 400,000 and above, the buyer is eligible to apply for Turkey citizenship. If the property costs less than USD 400,000, the buyer is not eligible for citizenship, but it is still possible to buy the property.

How much do I need to invest to become eligible for Türkiye citizenship by real estate investment?

A minimum real estate investment of USD 400,000 is required for the Türkiye Citizenship by Investment program.

What are the various ways of obtaining Türkiye citizenship by investment?

There are several routes for obtaining Türkiye citizenship by investment, including real estate investment, capital investment, job creation, and deposits in Turkish banks.

What is the Türkiye Citizenship by Investment Program?

The Türkiye Citizenship by Investment Program, also known as the Turkey Golden Visa, is a scheme designed to encourage foreign direct investment into the country. The program provides a pathway for foreign nationals to obtain Turkey citizenship and a Turkish passport by making a significant investment in the country.

Malta Citizenship by Investment Program FAQs

Maltese citizenship provides full access to the European Union, including visa-free travel to Schengen Area countries, the right to live, work, and study in EU countries, and other benefits associated with EU citizenship.

Maltese citizenship provides full access to the European Union, including visa-free travel to Schengen Area countries, the right to live, work, and study in EU countries, and other benefits associated with EU citizenship.

Is dual citizenship allowed?

Yes, Malta permits dual citizenship, but it's advisable to check the laws of your current country of citizenship to ensure that dual citizenship is also allowed there.

Can Maltese citizenship be revoked?

Yes, citizenship obtained through this program can be revoked if it's found that the applicant provided false information or if there is a failure to comply with ongoing obligations.

Is it necessary to live in Malta to qualify?

While residency may not be strictly necessary, there may be requirements for maintaining some presence in the country.

Does this program include family members?

Yes, qualifying family members such as a spouse, dependent children up to the age of 25, and dependent parents over 55 years of age can also be included in the application.

How long does the application process take?

The process can take several months, usually between 12 to 18 months, depending on various factors such as due diligence checks and the preparation of required documents.

What is the minimum investment required?

The minimum investment varies depending on the investment option but typically includes a non-refundable contribution of EUR 600,000 to the National Development and Social Fund, property purchase of EUR 700,000 or a rental contract of minimum EUR 16,000 per year, and minimum donations of EUR 10,000 to a certified NGO or society in the sectors of philanthropy, sports, culture, science, animal welfare or art.

Who is eligible to apply for this program?

Generally, any non-Maltese individual who meets the investment requirements passes a background check and can prove legitimate sources of funds are eligible.

What is the Malta Citizenship by Investment Program?

It's a legal pathway to acquire Maltese citizenship by making a significant financial investment in the country. This can include contributions to the government, real estate investment, and donations to an NGO.

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