Citizenship by investment

The US EB-5 visa was created by the Immigration Act of 1990 and provides a proven method for foreign investors and their families to obtain a Green Card. Under this programme, an applicant must be willing to make a significant investment in the US, as the fundamental purpose of the EB-5 visa is to stimulate the US economy through job creation and capital investment. In return, foreign immigrant investors are granted all the benefits of US permanent residency.

Active investment

This path requires a minimum investment of a US $1.8 million in a new or existing commercial enterprise, or a minimum investment of US $900,000 if investing in a Targeted Employment Area (TEA)*.

The investment must create or preserve at least 10 full-time jobs for qualifying US workers within two years, excluding the investor and their immediate family, and the investor must actively manage the day-to-day activities or policy formation of the enterprise. Only direct employment is permitted. In addition to satisfying the job-creation requirement, direct investors must also meet several other legal requirements governing all (not only direct) EB-5 investors including, among others, the establishment of a “new commercial enterprise”, investor engagement in enterprise management, and if applicable, the enterprise’s location in a TEA.

* TEA: Rural areas or areas with unemployment of at least 150% of the national average.

Passive investment:

This path requires a minimum investment of US $900,000 into a Regional Center in a TEA, which is a third party-managed investment vehicle that is preapproved by the US Citizenship and Immigration Services (USCIS). The investment must create full-time employment for at least 10 qualified US workers. Indirect employment is also permitted. Indirect jobs are those created collaterally as a result of a Regional Center’s dispersal of investments to affiliated new commercial enterprises.

The passive investment is the most popular route because of the expertise of the Regional Centers in managing the substantial administration involved, most notably producing the proof of creation of 10 direct or indirect jobs.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• skills
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

Our EXPLORE service presents all international opportunties available to you and your family:

• Second passports
• Relocation countries
• International retirement options

These alternatives are normally based on your:

• intentions
• age
• wealth

The Explore Report sets out all of these options for you, including the costs and the impact on your lifestyle.

The Grenada Citizenship-by-Investment programme (CIP) was launched in 2013 and is aimed at people around the world looking for an advantageous second citizenship for both the applicant and their family. Grenada is the only Caribbean country that is party to the E-2 treaty with the United States of America, allowing citizens with significant funds to have access to enter and work in the US.

There are two Investment types:

1. Real Estate Investment 

A real estate investment requires a minimum investment of US $220,000 in a government approved business, or property from a government approved real estate project (shared ownership). The property must be retained for a minimum of five years.

2. Donation

The NTF donation path requires a non-refundable donation of US $150,000 to the Grenada National Transformation Fund (NTF).

There are two programmes offered by Malta:

• Malta Residence and Visa Programme (MRVP)
• Malta Individual Investor Programme (MIIP)

MALTA RESIDENCE AND VISA PROGRAMME (MRVP)

The MRVP allows for the granting of indefinite residency to non-EU individuals and their families. The programme is an 8-12 month process that has a number of requirements for the main applicant, including:

1. Investment

Hold a qualifying investment of not less than €250,000 in government bonds for a minimum of five years from the date of issuance of the residency certificate 

2. Government contribution

Make a contribution to the Maltese government of €30,000, of which €5,500 is non-refundable and is paid upon submission of the application 

3. Real Estate

Hold a qualifying property in Malta for five years from the date of issuance of the residency certificate, through either of the following:

• Purchase of property: A minimum of €320,000 for properties in Malta (€270,000 for properties situated in Gozo and the South of Malta)
• Lease of property: A minimum of €12,000 per annum (€10,000 per for properties situated in Gozo and the South of Malta)

4. Income

Have an annual income of €100,000 arising outside of Malta or possess capital of not less than €500,000

MALTA INDIVIDUAL INVESTOR PROGRAMME (MIIP)

The MIIP allows for the granting of citizenship to individuals and their families who contribute to the social and economic development of the country. The investor is required to meet all four of the following requirements:

1. Contribution

A non-refundable contribution to the National Development and Social Fund is required as follows:

• €650,000 contribution for the main applicant 
• €25,000 contribution for a spouse and each child dependant (under 18 years of age) 
• €50,000 contribution for each adult dependant (child aged 18-26 years) or parent (over 55 years of age)

2. Property

Fulfil one of the following property requirements:

• Purchase of property: Purchase residential real estate with a minimum value of €350,000, to be held for five years 
• Lease of property: Lease a residential property with a rental of at least €16,000 per annum for five years.

3. Investment

€150,000 investment must be made into Malta government approved stocks, bonds, debentures or other investment vehicles which benefit the nation. The investment must be held for a minimum period of five years.

4. Residence

The main applicant must have been legally resident in Malta, with proof of genuine links to Malta, for a minimum period of 12 months before the Certificate of Naturalisation is issued.

A number of days must be spent in Malta to help demonstrate genuine links to the country. We recommend spending a minimum of 14 days in the country, including biometrics and oath of allegiance, during the 12-month period in order to successfully satisfy the residence requirement.

Additional due diligence fees are €7,500 for the main applicant, €5,000 for their spouse and dependants aged 18 and above and €3,000 for dependants aged 13-17 years.

More and more clients are choosing to move to Portugal for a tax-free retirement plan. This is also availble to those entrepreneurs or business people who are internationally mobile. Benefits of life in Portugal include its low capital cost of entry, geographically close to the UK and the rest of Europe, great weather and a low cost of living.

Non-Habitual Residence Tax status

The Non-Habitual Residence (NHR) programme was introduced in Portugal in 2009 with the aim of attracting wealthy foreigners to the country by making it beneficial to become a tax resident there. The programme offers a 10-year tax break on qualifying foreign income if you move your residence to Portugal. What’s more, Portugal doesn’t have an inheritance tax regime, so all your assets can eventually be passed down to your family tax-free.

To qualify as a non-habitual tax resident in Portugal, you need to have a valid residency right in Portugal. This can be done either through a retirement visa, or through the Golden Residence Permit Programme (also known as the Golden Visa).

As a non-habitual tax resident, you will be exempt from tax on certain types of qualifying foreign income in Portugal if it is subject to tax in the country of origin under an existing double taxation agreement (DTA). Income from dividends, royalties and interest all qualifies for exemption from tax provided that:

• Such income may be taxed in the country of source under the rules of the DTA; or
• Such income may be taxed in the country of source under the rules of the OECD Model Tax Convention on income and on capital (if no DTA exists) and it does not arise from a Portuguese source.

For example, South African dividends will be tax-free in Portugal. However, these dividends may be taxed in South Africa at either 10% or 15% depending on the relevant shareholding agreements. Pension income in Portugal is taxed at a low rate of only 10%, making the programme highly beneficial for retirees.

There are four main residency statuses that achieve this:

1. Retirement Visa

This visa allows you to live in Portugal (and your spouse can accompany you). You will have to demonstrate that you can support yourself financially and you do not engage in direct employment in the country.

2. Passive Income Visa

You will need to demonstrate your interest in Portugal, goals for when you reside and have proof that you have enough money to provide essential needs for yourself and your spouse. To be eligible for the visa, you must be based in Portugal for up to eight months of the year (or six consecutive months) and have proof of sufficient funds to support the life in Portugal. These funds must be available for use in Portugal. This permit is renewable every two years, and after five years you can change it to a permanent residence permit.

3. Golden Visa

This visa is based on making in investment (usually into property) in Portugal.

4. European Citizenship

Any client holding a European Union (EU) citizenship qualifies for residency in Portugal through the principle of the free movement of people. After 2020, this would exclude British citizens.

This service is offered by our Sable Wealth team on wealth@sableinternational.com.

There is a route to Portuguese Nationality through the Golden Visa Program. If structured correctly, this can lead to a residency permit and - after a period of 6 years - Portuguese Nationality for a client, their spouse and any dependent children. There is no requirement to live permanently in Portugal.

The minimum investment is either EU280k (into a property located in specific parts of Portugal), EU350k (into a property-backed Private Equity Fund) or EU500k (into a directly owned property in any part of Portugal). There is no requirement to relocate to (or live in) Portugal. However, there is a minimum requirement to visit Portugal for at least 35 days over a 5 year period. After obtaining a series of Residency Visas, the final steps are Permanent Residency and Naturalisation. This will require passing a basic Portuguese language test.

This service is offered by our Sable Investment Migration team on im@sableinternational.com.

More and more clients are choosing to move to Portugal for a tax-free retirement plan. This is also availble to those entrepreneurs or business people who are internationally mobile. Benefits of life in Portugal include its low capital cost of entry, geographically close to the UK and the rest of Europe, great weather and a low cost of living.

There are two main visas that achieve this:

1. Retirement Visa

This visa allows you to live in Portugal (and your spouse can accompany you). You will have to demonstrate that you can support yourself financially and you do not engage in direct employment in the country.

2. Passive Income Visa

You will need to demonstrate your interest in Portugal, goals for when you reside and have proof that you have enough money to provide essential needs for yourself and your spouse. To be eligible for the visa, you must be based in Portugal for up to eight months of the year (or six consecutive months) and have proof of sufficient funds to support the life in Portugal. These funds must be available for use in Portugal. This permit is renewable every two years, and after five years you can change it to a permanent residence permit.

Non-Habitual Residence Tax status

The Non-Habitual Residence (NHR) programme was introduced in Portugal in 2009 with the aim of attracting wealthy foreigners to the country by making it beneficial to become a tax resident there. The programme offers a 10-year tax break on qualifying foreign income if you move your residence to Portugal. What’s more, Portugal doesn’t have an inheritance tax regime, so all your assets can eventually be passed down to your family tax-free.

To qualify as a non-habitual tax resident in Portugal, you need to have a valid residency right in Portugal. This can be done either through a retirement visa, or through the Golden Residence Permit Programme (also known as the Golden Visa).

As a non-habitual tax resident, you will be exempt from tax on certain types of qualifying foreign income in Portugal if it is subject to tax in the country of origin under an existing double taxation agreement (DTA). Income from dividends, royalties and interest all qualifies for exemption from tax provided that:

• Such income may be taxed in the country of source under the rules of the DTA; or
• Such income may be taxed in the country of source under the rules of the OECD Model Tax Convention on income and on capital (if no DTA exists) and it does not arise from a Portuguese source.

For example, South African dividends will be tax-free in Portugal. However, these dividends may be taxed in South Africa at either 10% or 15% depending on the relevant shareholding agreements. Pension income in Portugal is taxed at a low rate of only 10%, making the programme highly beneficial for retirees.

This service is offered by our Sable Wealth team on wealth@sableinternational.com.

An applicant must make a significant financial investment into the country in return for citizenship for the applicant and their family. To qualify for citizenship, the main applicant must be:

 - over 18 years of age;

 - meet the due diligence requirements; AND

 - make one of the following two investment:

1. A non-refundable donation to the Sustainable Growth Fund starting from USD 150,000; OR

2. Purchase real estate in a government approved project with a value of at least $200,000 with the option to re-sell after seven years.