Residencies & Citizenship
Permanent residency is a visa status that allows the bearer of the PR card to legally reside in the host country without being a citizen of that country. Permanent residents are entitled to live, work, go to school and access health care in the host country. However, they are not typically entitled to vote or run for office.
In order to be eligible to apply for permanent residency status in any given country, individuals usually have to meet certain requirements, such as having work experience in the country, having studied in the country and speaking the language. Since 1986 investment has been another way to gain permanent residency. PR status can also lead to citizenship by naturalization provided the resident has lived in the country for a certain number of years.
Residency by investment is the process of obtaining a permanent residency card in another country by investing in the economy of that country. PR status is then conferred at an accelerated rate compared to traditional applications.
Citizenship by investment programs have become more popular than ever, setting an exciting new trend in the demand for passports. Although economic citizenship schemes have existed in the 1980’s, the industry has come a long way and becoming more respectable.
There are many reasons to invest in a permanent residency, from personal safety to increased global mobility. Permanent residency opens up a world of possibilities to high net worth investors.
Permanent residency in a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families.
Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. Permanent residency can offer individuals from these countries increased global mobility. For example, the passport of China allows visa-free entry into only 58 countries, whereas permanent residency in Portugal allows uninhibited travel throughout the Schengen zone, which comprises 26 European states. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople the world over.
New business opportunities open up to participants in residency by investment programs as they can now do business in the host country as well as travel abroad more freely.
Permanent residency may prove advantageous for tax optimization purposes. For example, Bulgaria has one of the lowest income tax rates in Europe. This allows investors to manage their wealth more efficiently and effectively.
Most residency by investment programs are available to the family members of the main applicant. This means that investors can secure a better future for their spouse and children. PR status offers access to world-class health care, education and an improved lifestyle.
Education is the foundation of a successful life as a global citizen. Investing in a permanent residency can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees.
Many countries offer residency by investment programs in order to attract much-needed foreign direct investment. Countries can then use these funds to invest in their own economic or cultural projects.
Each country has a different set of requirements that applicants must fulfill for its residency by investment program. For example, some programs require that applicants make a certain number of trips to the host country, while others do not. However, some requirements are common to all such programs:
- Have a clean criminal record.
- Show the legal source of the investment funds.
- Invest in one of the government-approved options, such as real estate, government bonds or a national economic fund.
All requirements must be met in order for residency applications to be approved by the host government.
Navigator Wealth Management empowers individuals and families to become Global Citizens. We are a financial advisory firm specializing in investor programs for residence and citizenship, and consider ourselves the all-important link between dreams and reality. We offer a bespoke service experience supported and sustained by long-term relationships.
In a world of increasing globalization, more and more people are seeing themselves as global citizens of the world rather than as strictly national citizens. For them borders are not barriers and the ability to live, work and travel around the world is entirely within reach and desirable.
We plays a critical role in empowering governments, consultants, legal and financial professionals, and investors and serve as a bridge to meet their goals efficiently, effectively and responsibly. We work side by side with our clients and partners, from choosing the right program through to the completion of the application process and beyond. We offer round-the-clock support. We simplify complexity to ensure a smooth application process.
When you choose us, you choose the Global Citizen lifestyle. We offer a bespoke array of financial services, access to the Global Citizen Forum and trusted guidance concerning immigration matters.
We allow investors to learn about each citizenship program and compare them side by side. We believe it is crucial for investors to understand the cost and benefits of each program so that they may make the right decision for themselves, their families and their businesses.
Navigator Wealth is pleased to be an authorized representative for the following residency programs to know more about program contact us.