Citizenship and Residency

Fact File

Jurisdiction Programme Briefs

Click on a jurisdiction for key information on its Citizenship or Residency programme.

Programme Brief Supplied by

Supplied By Citizenship by Investment Unit (CIU)

Type of Programme

Citizenship by Investment

Type of Investment/s

Donation to National Development Fund (NDF), investment in real estate, or investment in business, investment in University of the West Indies (UWI).

Minimum investment

NDF: US$100,000 (family of four or less) or US$125,000 (family of five or more) or Real Estate: Investment in an approved property at a minimum US$400,000, investment in an approved property at a minimum US$200,000, joint investment (minimum US$200,000 each). Business Investment: US$1,500,000 for single application, US$5,000,000 for two or more with each making a minimum contribution of US$400,000 or UWI: US$150,000 inclusive of processing fees.

Dual Nationality Permitted

No restrictions.

Personal Visit Required.

Persons 18 or over must visit Antigua for the purpose of taking the Oath of Allegiance (Due to the Global Pandemic, citizens may take the Oath of Allegiance by designating our overseas offices and missions. Individuals may also take the Oath of Allegiance in their respective jurisdictions using a local notary public).

Minimum Stay

5 days (total) in first 5 years only.

Capital Gains Taxes

No.

Personal Income Taxes

No (abolished in 2016).

Business & Corporate Taxes

25% of net profits. *Disclaimer: Concessions are available to qualifying companies.

Property Taxes

Yes, based upon the property's current market value with the applicable tax rate dependent upon the classification of the property (residential or commercial).

Documents Required

Medical Certificate (including HIV clearance), Police clearance certificate or certificate of no criminal record, Copy of existing passport(s) and national ID card (if applicable), Marriage certificate, if applying with spouse, Birth certificate, Professional and bank references, Proof of residential address, Proof of source of funds *Disclaimer: Required documents may vary from applicant to applicant.

Application Fees

- NDF: Government Fee: US$30,000 for a family of up to four persons with incremental payments of US$15,000 for each additional dependant. Real Estate and Business: Government fee: US$30,000 for a family of up to four persons with incremental payments of US$15,000 for each additional dependant.

- Due diligence fee: US$7,500 per person (US$0 – US$4,000 for dependants)

- Passport fee: US$300 per person.

 

Processing Time

90 days.

Passport Validity

10 years *The first passport issued has a five year validity to ensure the applicant meets the 5 day residency requirement but the second and consecutive passports will have a 10 year validity.

Restricted Countries

Afghanistan; Iran; North Korea; Somalia; Yemen; Sudan.

Visa Free Travel

Over 160 countries.

Programme Brief Supplied by

HSP Rechtsanwälte GmbH

Type of Programme

Citizenship by Investment.

Type of Investment/s

Settlement permit except gainful employment, quota restricted (around 400 places a year). After six years, it is possible to acquire Austrian citizenship if certain requirements are met.

Minimum Investment

Not required.

Dual Nationality Permitted

No.

Personal Visit required

Yes, for submission of the application, biometric data and for collection of the residence card.

Minimum Stay

Settlement means that an actual stay and establishment of residence in the territory Austria of more than six months a year. For the acquisition of citizenship is an actual stay in the Austrian federal territory of more than 80 per cent of the time.

Capital Gains Tax

Capital gains tax of 25 per cent is levied on investment income from cash deposits (e.g. interest from savings accounts and checking accounts) and other non-securitised receivables at banks. For all other income from capital assets, the tax rate is 27.5 per cent.

Personal Income Taxes

There is a progressive rate of income tax (0-55 per cent):

up to €11,000.00 – 0 per cent
€11,001–€18,000 – 20 per cent
€18,001–€31,000 – 35 per cent
€31,001-€60,000 – 42 per cent

Resident-non-dom Scheme

No.

Business and Corporate Tax

Companies operating in Austria are subject to a uniform corporate income tax of 25 per cent.

Property Tax

Yes, depending on the so-called assessment basis, measurement amount and assessment rate, a maximum property tax of one per cent of the assessed value results.

Application Fees

Government fees:

Application fee: 120 Euro, 75 Euro for children under six years old
Issuing fee: 20 Euro, 50 Euro for children under 6 years old
Personalisation fee (acceptance photo and signature): 20 euros.

Legal fees: to be quoted.

Processing Time

Approximately two to seven months after filing the application.

Passport Validity

Passport will be valid for 10 years.

First and second settlement permits will be issued with a validity period of one year, third and further residence permits will be issued with a validity period of three years.

After five years of continuous and uninterrupted residence in Austria, a “permanent residence EU” card can be issued. Proof of German at B1-level within the constraints of the CEFRL and passing of an integration test is required for this type of residence permit.

Restricted Countries

None.

Visa Free Travel

All Schengen countries with a residence permit and 188 countries visa free with passport. 4th best passport in the World.

Programme Brief Supplied by

Vardikos & Vardikos.

Type of Programme

Citizenship by Investment. A Residency Programme (18 months Residence Visa) was announced.

Type of investment/s

Government fund option (non-refundable). Real estate option.

Minimum investment

US$100,000 for Government fund option; US$200,000 (minimum) for Real estate option.

Dual Nationality Permitted

Yes. 

Personal Visit required

No.

Minimum Stay

No.

Capital Gains Taxes

No.

Personal Income Taxes

0 – 25,000 – 0%, 25,001 – 45,000 – 15%, 45,001 – 75,000 – 25%, 75,001 and above – 35%. Persons who retire in Dominica are tax exempt on income earned outside Dominica DTT with the United Kingdom, U.S.A. and CARICOM countries.

Business & Corporate Taxes

25%.

Property Taxes

Judicial fee: 2.5%, stamp duty (buyer): 4%, stamp duty (vendor): 2.5%. Solicitor’s fee: 3% of value on which 15% VAT is payable.

Documents required

Six passport size photographs, 35mm x 45mm, full colour, certified on the reverse of four. Application forms for each applicant, investment agreement or purchase agreement, copies of all passports held, copies of birth certificate, copy of national ID document and/or driving license, copy of marriage certificate/dissolution of marriage, letter of employment/audited financial statement/ letter of incorporation for working adults, police record, from country of birth and country of residence (if different) for each applicant sixteen (16) years and over, proof of wealth - assets and liabilities proof, full history of military service with proof, one professional reference (investor only), recommendation from applicant’s bankers or six months bank statements (investor only), proof of address (investor only), affidavit of support for any non spouse dependants between 18 – 25 signed by the investor.

Application Fees

Due diligence fees: The due diligence fees are paid to the government and are non refundable. They are as follows:
• Main applicant – US$7,500
• Spouse – US$4,000
• Other dependants over 16 – US$4,000
• Sponsors of applicants – US$4,000

Government fees (when applicable): The government fees are only applicable in case the real estate option is chosen. They are as follows:
• Main applicant - US$25,000
• Main applicant with spouse - US$35,000
• Family of up to 4 persons irrespective of age - US$35,000
• Family of up to 6 persons irrespective of age - US$50,000
• Family of up to 7 persons irrespective of age - US$70,000

Processing Time

The processing time for the application for a Dominica programme is around 2-3 months since the application is submitted.

Passport Validity

The Dominican passport is valid for 10 years and 5 years for children under 16 years old.

Restricted countries

North Korea, Iran, Sudan. Nationals of the mentioned countries can be eligible if a. they have not lived in the above counties for the past 10 years, b. hold no substantial assets in these countries and c. have no business activities or affiliations in these countries.

Visa free travel

Being a Dominican citizen grants access to over 140 countries (including visa on arrival). Please note however that visa-free travel is subject to change. We strongly recommend that the relevant government authorities and agencies are contacted prior to travelling. www.dominicaconsulate.com

Programme Brief Supplied by

Vardikos & Vardikos.

Type of Programme

Residency by Investment. Non-Dom Programme. Citizenship by Naturalisation is possible after 7 years of Residence. Citizenship by descent (proof of Greek Ancestry is mandatory).

Type of Investment/s

For Golden Visa: Property or Properties in any part of Greece with a minimum total value of €250,000. Bank Instruments (fixed term deposit, bonds, shares, stocks on ASE).

Minimum Investment: Donation

For Golden Visa: Property or Properties in any part of Greece with a minimum total value of €250,000.

Dual Nationality Permitted

Yes, with no restrictions.

Personal Visit Required

Yes at least once for Biometrics. All applications can be filed remotely by proxy.

Minimum Stay

Golden Visa – No Minimum stay. Financially Independent Persons (FIP) Visa – Minimum stay 6 months per calendar year.

Resident-non-dom Scheme

€500,000 investment. Not a previous Tax Resident of Greece. Annual Flat Tax €100,000 for Main Applicant, €20,000 per Dependant. No obligation to declare any foreign income in Greece. DTT of Greece are applicable.

Capital Gains Taxes

No capital gain tax is levied on Real Estate transactions. 15% Capital gain tax on Non listed Share Transfer. Specific conditions apply for shares of Listed Companies (transfer duty 2% on the gross sale).

Personal Income Taxes

Personal Tax Rates First €10k at 9%, next €10k at 22%, next €10k at 28%, next €10k at 36%. Above €40,000 36%.

Business & Corporate taxes

For the Tax Year 2019 onwards the Corporate Income Tax is reduced from 28% to 24%.

Property Tax

Real Estate Transfer Tax Rate 3%. Real Estate Income (Rental Income) First €12,000 at 15%; next €23,000 at 35%; above €35,000 at 45%.

Property Taxes

ENFIA Tax imposed on ownership of Real Estate property/property rights. Property Value is determined on the basis of various factors. Principal Tax Ranging €2-13 per M2. Supplementary Tax on Individuals is imposed at a progressive Tax Rate 0.15%-1.15% (Tax Free Threshold €250,000) on the total value of property rights.

Application Fees

Golden Visa Main Applicants Government Fee €2,000 Dependants €300.

Processing Time

It generally depends on the local Administration, however Fast Track applies to Golden Visa and Non-Dom Applicants.

Passport Validity

5 years.

Restricted countries

No restrictions.

Visa Free Travel

Greek passport offers visa free or visa on arrival access to 184 countries and territories worldwide. Greek Residence permits Free Movement in the EU states. For more information please visit www.vardikos.com

Programme Brief Supplied by

Caribbean Legal and Project Advisory Limited

Type of Programme

Citizenship by Investment.

Type of Investment

Donation to National Transformation Fund (NTF) or investment in Government approved tourism real estate.

Investment in real estate can be resold after five years.

Minimum Investment

NTF: US$150,000 (individual). US$200,000 (family of four). Additional family members US$25,000 per family member.

Real Estate: US$220,000 (family of four) where two or more investors own a share in the same real estate unit (Additional family members US$25,000 per family member).

US$350,000 (family of four) where one investor owns the real estate unit (Additional family members US$25,000 per family member).

Main applicant, spouse, children under the age of 30, parents and grandparents aged 55 and over and unmarried siblings can be included in the application.
Parents under the age of 55 included at an additional cost of US$50,000. Siblings included at an additional cost of US$75,000.

Dual Nationality Permitted

Yes.

Personal Visit Required

No personal visit required. Passport obtained remotely.

Minimum Stay

No minimum stay required.

Capital Gains Taxes

No Capital Gains Tax.

Personal Income Taxes

Personal income earned in Grenada up to XCD$24,000 has a tax rate of 10%. Any value in excess of this is taxed at 30%. Non-residents are charged a flat tax rate of 15% on income that is earned in Grenada. There is no tax on personal foreign income.

Resident-non-dom Scheme

To be a tax resident, an individual must spend at least 183 days in Grenada a year. Tax residents and non-residents are only liable for tax on their Grenada-source income. Any income retained in a foreign entity owned by a tax resident is not subject to taxation.

Business and Corporate Tax

Grenadian companies are subject to a flat tax rate of 30% on the net profit before tax. Corporations established under the International Companies Act are completely exempt from corporate tax for business that is conducted outside of Grenada.

Property Tax

Property tax ranges from 0% to 0.5% depending upon the real property owned, type of land and valuation.

Property Transfer Taxes

Property transfer tax ranges between 5% and 15% on the transfer of real property by way of sale, exchange or gift.

Documents required

Eight passport size photographs, 35mm x 45mm, full colour, certified on the reverse of two.

Application forms for each applicant, investment agreement or purchase agreement (real estate option only), copies of all current passports held, copies of birth certificate, copy of national ID document and/or driving licence, copy of marriage certificate/dissolution of marriage, letter of employment/company documents if business owner, police verification or clearance record, from country of birth and country of residence (if different) for each applicant aged 17 and over, one professional reference
(main applicant only), reference from main applicant’s bankers and one year’s bank statements, other source/proof of funds, proof of address (main applicant only), educational degrees (if applicable), fingerprints for applicants aged 17 and over, HIV tests for applicants for applicants aged 12 and over.

Application Fees

Application Fees: US$1500 per applicant regardless of age.

Processing Fees: US$1500 per applicant over the age of 17; US$500 per applicant under the age of 17.

Due Diligence Fees: US$5000 per applicant aged 17 and over.

Application fees, processing fees and due diligence fees are paid to the Government upon submission of the Citizenship application and are non-refundable.

Processing Time

90 days.

Passport Validity

The Grenadian passport is valid for five years and is renewable thereafter for five year periods.

Restricted Countries

North Korea, Iran.

Visa Free Travel

Visa free access to over 144 countries including the UK (180 days), all EU countries (90 days), China (30 days), Singapore, Hong Kong.

In addition, Grenada is the only Caribbean CIP nation that is a USA E-2 treaty country, this means that successful applicants will become eligible to apply for a USA E-2 visa to enable the applicant and family members to establish a business in the USA and lawfully reside in the USA.

Programme Brief Supplied by

immVest International Ltd

Type of Programme

Residency to Citizenship by Investment.

Stages

Three different stages: Residency Stage, Eligibility Stage and Citizenship Stage.

Duration

Two options: 12-15 months or 36-40 months.

Donation to Government’s National Development & Social Fund after approval

Option 1 - €750,000 (12-15 months) or Option 2 - €600,000 (36-40 months).

Residency Stage Costs

Applicant non-refundable deposit - €10,000, Applicant Residence Permit - €5,000, Dependants - €1,000 each and residency cards - €27.50 each + Renting of Property or Purchase of Property + Health Insurance.

Eligibility Stage Costs

Applicant due diligence fee - €15,000, Dependants - €10,000 and Administrative Fee - €1,000. In case of a Benefactor - €15,000.

Citizenship Stage Costs

Option 1 - €750,000 or option 2 €600,000, Citizenship fee per dependant - €50,000. Administrative Fee - €500 per applicant. Donation - €10,000 to a Philanthropic Organisation. Renting of Property – Minimum €16,000 or outright purchase of a minimum of €700,000.

Personal Visit Required

All applicants will be invited over to Malta for the Biometrics and if successful for the Oath of Allegiance.

Minimum Stay

There must be a tangible connection between applicants and Malta.

Restricted Countries

Nationals from these countries are not permitted to apply: Afghanistan, North Korea, Iran, Democratic Republic of Congo, Somalia, South Sudan, Sudan, Syria, Yemen and Venezuela. At the time of publication, new applications and applications in progress were put on hold for Russia and Belarus.

Documents & Forms Submissions

Processing of applications and submission of forms is done through approved Komunita Malta Accredited Agents.

Dual Nationality permitted

Yes, Malta recognises Dual Citizenship.

Visa Free Travel

180 Countries +

Programme Brief Supplied by

CS Global Partners

Type of Programme

Citizenship by Investment.

Type of Investment/s

Donation to the Sustainable Growth Fund (SGF), purchase of approved real estate or alternative investment option.

Minimum Investment

SGF:

US$150,000 for a single applicant

US$25,000 for the main applicant’s spouse

US$10,000 for dependants other than the spouse or a sibling

US$20,000 for a sibling

Real estate 5 years resale:

US$400,000 minimum value, purchase on approval in principle, plus:

US$35,000 government fee for the main applicant

US$20,000 government fee for the spouse

US$10,000 government fee for each dependant other than the spouse or a sibling

US$40,000 government fee for a sibling

Real estate 7 years resale:

$200,000 minimum for joint investment, total investment

$400,000, purchase on approval in principle, plus:

US$35,000 government fee for the main applicant

US$20,000 government fee for the spouse

US$10,000 government fee for each dependant other than the spouse or a sibling

US$40,000 government fee for a sibling

Alternative investment option:

Investor-owned project US$200,000, plus

US$35,000 fee for the main applicant

US$20,000 fee for the spouse

US$40,000 fee for a sibling

US$10,000 for each dependant who is not a sibling or spouse.

Dual Nationality Permitted

Yes.

Personal Visit Required

No.

Minimum Stay

No residence or minimum stay required.

Documents Required

All applicants are required to provide the following:

Completed C1 application form;
Completed C2 application form;
Completed C3 application form;

Original excerpt of full birth record or certified copy of birth certificate (i.e. a birth document that also includes your parent’s details, or a household register, family book etc.);

Certified copy of proof of name change (deed polls or jurisdictional equivalent, if applicable);

Certified copy of current national identity card(s) (children under the age of 16 are exempted);

Certified copy of current passport(s) showing name, photo citizenship/nationality, date and place of issue, expiry date, passport number and issuing country;

HIV test results (test results must not be older than three months upon submission of an application; children under the age of 12 are exempt);

Police certificate “Certificate of No Criminal Record” or “Police Clearance Certificate” from country of citizenship and any country where the applicant has lived for more than one year over the past 10 years (children under the
age of 16 are exempt) and;

Six photographs approximately 35 x 45mm in size, taken within the past six (6) months (N.B. one of the photographs must be certified and attached to the C2 form).

Other supporting documents required from the main applicant:

C4 application form (SGF Option);

Completed Purchase and Sales Agreement (if applying for the Approved Real Estate Option);

At least one original professional reference (e.g. from an attorney, notary public, charted accountant or other professional of similar standing) which is no older than six months;

Bank statements for a 12 month period from the date of submission of application;

At least one original bank reference letter issued by an internationally recognised bank, which is no older than six months;

Certified copy of military records or exemption from military service (if applicable);

One original document of evidence of residential address (e.g. certified copy of a recent utility bill or bank statement showing full name and address, or written confirmation from a bank, attorney, chartered accountant or
notary public);

Employment letter(s) stating the start of employment, position held and salary earned;

Certified copy of business licence or incorporation documents;

One original excerpt of marriage record or certified copy of marriage certificate(s) if applicable (i.e. if married persons apply together);

Certified copy of divorce documents (if applicable);

Statement and evidence of source of fund to be invested in St. Kitts and Nevis;

Affidavit of financial support for applicants between the ages of 18-30;

Certified copy of university degrees (if applicable) and;
Limited Power of Attorney.

Application Fees

Due diligence fee:

US$7,500 for the main applicant; US$4,000 for a dependant aged 16 or over *DD fees must be paid for all dependants who are 16 years and over.

Bank fees: MA $200, Dependant 16 or over $100, Dependant 10-15 $50.

Application processing fee:
US$250 per applicant; US$50 fee for each Certificate of Registration.

Accelerated application process: MA $25,000. Dependant 16 or over $20,000.

Processing Time

3 months, 60 days if the applicant chooses the premium Accelerated Application Process (AAP).

Passport validity

10 year validity for those who are 16 years or older; 5 year validity for those under 16 years.

Restricted countries

Afghanistan, Iran, North Korea, Russia and Belarus. Citizens of Iraq, Nigeria, and Yemen are excluded from the AAP.

Visa free travel

Visa-free travel to more than 150 countries and territories.