Seven best citizenship by investment and second passport programs

With dual citizenship come many advantages like improved social security, better travel and employment prospective, education and career advancements. A person holding twin nationality is considered a legal citizen of two countries while have full rights to enjoy freedom and liberty of respective states. Being a citizen of two countries isn’t an easy status to achieve and even if you succeed, implying to the laws may be quite overwhelming. We’ll discuss here some of the best citizenship by investment programs that everyone finds lucrative.

1. Bulgaria

Rated as number one by many, Bulgaria is indeed a country where second passport investment is worth it! Offer allows you to initially invest around 512,000 Euros as government bonds in exchange for citizenship. After a year of preliminary investment, you need to do so once again with the same amount that is 512,000 Euros for securing citizenship. There’re lots of business investment options as well!

It takes more or less two years to obtain passport whereas visiting Bulgaria twice a year is another necessity. After properly running background check and application acceptance, residence-ship is granted. Asides Bulgaria, St. Kitts and many other caters property investment options but they come with a significant price bomb while selling prospects are also limited.

2. Malta

Maltese residence bestows right to live and work freely anywhere in European Union plus visa-free travel to US. Both Malta and U.S signed for Visa Waiver Program that proceeds differently than many other systems. Maltese passport also grants you access to Switzerland alongside visa-free travel to around 166 different countries.

3. Cyprus

Being the third smallest nation in European Union, “Cyprus” managed to top the stage by seizing wealthy foreigners’ cash as a means to rescue their banks during 2013’s recession. It’s surprising how citizenship program emerged from the financial crisis and now among the top ranks. The program initiated with a mission to restore foreign deposits and to compensate Russian foreign depositors whose cash they borrowed earlier.

4. Austria

It’s considered a gold standard for second passport and citizenship programs. If you’ve no objection with finance, this passport is must to buy because of its undeniable value and the best EA passport ever. Austrian passport allow visa-free travel to around 171 countries and fourth most valuable in the world. When applying, expected fees inclusive of other charges may exceed $500,000 USD!

 

5. Russia

Mimicking the Austrian business program, Russian citizenship by investment was legally approved in late 2014. The program is still in its early stages and so far, no second passports are issued. Russia requires you to invest in a running business within the state or simply initiate your own thus contributing towards economic growth and stability. With only an investment of $165,000; you may qualify for the program.

6. Dominica

The least expensive of Caribbean passports is of Dominica. When applying for a passport of four namely applicant, spouse and two children; it would cost you around $250,000 with additional $25,000 for each child less than 18 years of age. Summing up the total amount for entire process, it costs around $350,000.

7. Comoros

Comoros citizenship by investment program initiated in 2014 with $200 million worth passports already sold to government of UAE. “Stateless persons” only for UAE enjoy free of charge services and by early 2015, Kuwait begun providing Comoros passport to these persons without citizenship.

Conclusion

These are some of the best second passport and citizenship by investment programs worth keeping an eye on!

Get more information about Citizenship investment here: http://www.savoryandpartners.com

 

If you are looking for a second passport then follow this link: http://www.savoryandpartners.com/second-passport/why-a-second-passport/

Apartments in Dubai-a profitable real estate investment

Boosted up from a small fishing village, Dubai has become world famous for several reasons. Tax free business/investment opportunities and negligible crime rate make it heaven for investors and jobseekers, whereas enchanting seashores, warm winters and thrilling entertainment listed it among most visited holiday destinations. Irrespective of their primary reason to visit, suitable lodging is an inevitable need of all. A huge range of furnished and unfurnished accommodation options are available for short/long term leasing. After considering their needs and capacity to bear the expenses, visitors can choose to book anything from super luxury hotels and resorts to furnished and unfurnished standard housing units like villas, flats and studios. Among them all apartments are world famous for their comfort and urbanity among accommodation seekers. Having observed their rising popularity, real estate developers started focusing on such projects to execute rising housing needs.

In addition to providing comfortable living space, such residential projects also offer distinct benefits to individuals possessing a residential dwelling in the project. Being a property owner you can decide either to occupy the space or to rent it out to generate income. Even overseas buyers and real investors find it convenient to buy an apartment unit in Dubai. Complete freehold ownership rights, transparency of the system and mortgage availability allure even inexperienced investors and first time buyers. Moreover, an abundance of options, reasonable prices and good profits mutually attract investors and traditional buyers to buy an apartment for sale in Dubai. Investing is simple like becoming a homeowner.

Why it is profitable to invest in apartment sector?

Being the business and tourism hub in the region, Emirate receives millions of travelers, holiday makers, entrepreneurs and corporate travelers all over the year. Irrespective of being a migrant or a short term visitor, finding a decent lodging space to sleep is the primary concern of all. Generally, travelers prefer booking a suitable short term rental unit to accommodate them, whereas migrant and expat workers opt to lease a housing unit after signing a proper lease contract with the landlord. However, staying in a super luxury hotel can be very costly for those who are staying in the city for longer time periods. In order to make lodging affordable, property developers thoughtfully raised high-rise towers comprising of spacious studios and standard units with one bedroom, which can be commonly rented as serviced/furnished rental to visitors, where they are allowed to cook food on their own. The higher occupancy rates of these furnished units ensure property owners to generate profits in the form of regular income.

What kind of property is best for investments?

Although, a wide selection of residential units is available for sale, investors seeking to generate quick income with minimum paperwork should choose to invest in hotel apartments and serviced units. As they don’t involve signing a lease contract like long term renting. Renting process is simple like booking a room in hotel. Especially, if you own a lodging unit in a hotel apartment project, you don’t even need to interact with tenants directly. Such projects usually have their own system to book and lease units.

Summary: Whether you choose to invest in serviced rentals or unfurnished rentals in Dubai, profits can be generated. All you need to do is to thoroughly study the processes and options to identify what is suitable for you.

Get more information about Dubai apartments here: http://www.listaproperty.com/sale/uae/dubai/apartment/

How to buy a residential property in Cairo, Egypt?

Although, Egypt has not been a primary choice among second home seekers, its geographical location, lower asset prices and sunny climate have made it an investment hotspot for those who need immediate income, long run capital growth and freedom to make quick profits upon reselling their asset. In addition to local nationals, asset market also welcomes overseas buyers. Despite offering great investment opportunities, the real estate sector fails to show expected growth. According to industry analysts, complex purchase process and lengthy mortgage processing are the primary reasons of this market slowdown. Whether being an expat or a local resident, if you are looking to buy a property in Egypt, should consider the following steps to end up with a good deal without wasting time.

First hire a qualified lawyer

As soon as you step-down in the city, contact with a qualified property investment lawyer. He can better help you throughout the complex multi-step registration process. Once you have chosen a housing unit to purchase, your lawyer will get it reserved for you. He can also help you arrange mortgages, in-case you don’t have enough funds to pay the price.

Don’t delay paying deposit money

However, you have shown your intentions to buy a residential unit, don’t make unnecessary delays to pay the deposit. It is necessary to finalize the reservation process. The amount of deposit mainly depends on the final buying price.

Overseas buyers should apply for visit VISA

Theoretically, there are no restrictions on foreigners to visit Egypt for buying property or Apartments for sale in Cairo. You have to visit the country to sign and process title deed and contracts. Despite being logical, the complexity of the registration process makes it lengthy and time taking that might take several months to be completed. Having considered such issues, foreign buyers are suggested to obtain a visit visa.

Apply for residency VISA

You don’t need to actually apply for a residency visa, if you already have visit visa. You can easily get it transferred into a residency visa for three or five years. Visa renewal is mandatory before expiry. Again, your lawyer will help you in the visa processing. Even though you have obtained a legal permit to stay in Egypt, you need to authorize power-of-attorney to your lawyer, so that he can proceed further in the court on your behalf to finally transfer property ownership on your name.

What are the important legal documents required?

In addition to arranging funds and executing visa requirements, few legal documents are also required to validate the asset purchase. These documents include property tax statement and private purchase contract. Tax statement not only ensures that asset has completed a tax assessment, but also protects the buyer and seller involved in a deal. Whereas, a private purchase contract is essential for obtaining approval from the council of Ministers. The documentation process takes two months. This approval is necessary to further proceed with the final registration process with Egyptian Surveying Authority and Measurement Department.

How to obtain ownership rights?

 Once you have made all the payment and completed all essential documentation, final step is to obtain ownership. You can either choose freehold property ownership or Signature validity. An asset with freehold ownership can be inherited to your family members; even they have not been to Egypt. Property entitlement is available across the country. On the other hand, signature validity is 99-year lease title, which can be obtained in areas like Sharm elSheikh, Sahl Haseeh and Red Sea coastline.

Source for property: http://www.listaproperty.com/sale/egypt/sharm-el-sheikh/

Summary: Whether being local or an overseas buyer, finalizing all the paperwork and making full payments are essentials to obtain a green contract in Egypt.

To get more information on Egypt properties follow the link: http://www.listaproperty.com/sale/egypt/