Citizenship by Investment Program
As a full-service law firm focused on immigration law and corporate solutions, Davies & Associates LLC is committed to meeting clients’ needs. We seek creative solutions to complex immigration issues for businesses, investors, families and individuals, including helping clients obtain visas they thought were impossible. To explore citizenship by investment options, contact us today.
The Benefits of Citizenship by Investment Programs
Becoming a citizen by investment requires a significant financial commitment, but it is a popular path to citizenship in many countries around the world. The requirements to obtain a second passport vary from one country to another, but there are several potential benefits and common reasons people pursue citizenship through investment.
Mobility in Times of Unrest or Turmoil
Having a valid passport for a second country can make it significantly easier to travel when you want or need to do so. That’s particularly true if your current passport was issued by a country which imposes burdensome travel restrictions on its citizens or whose passports are considered “weak” relative to other countries.
Holding valid passports in two countries provides peace of mind and the freedom to travel quickly if socioeconomic conditions are less than favorable or if either country experiences political unrest or instability. When conditions change for the better and when you are ready to do so, your passport will make it easy to return.
Potential Business Growth
For business owners and entrepreneurs, choosing to invest in another country in order to obtain citizenship could help you expand your market share immediately without having to meet the sometimes-onerous requirements that are applicable to non-citizen or foreign investor business owners.
With additional opportunities to increase the sales of products and services by establishing operations on the ground, business owners can also positively impact their new communities, employ local talent and realize new operational efficiencies.
Pursuing a citizenship by investment program may also result in tax savings. For business owners, the fees and expenses related to the investment may qualify as deductible business expenses, resulting in lower tax liability for the year in which the investment is made. In addition, the target country for citizenship may offer more attractive tax rates than your home country. This can be a strategic way to improve tax efficiency while enjoying all the other benefits that come from being a citizen in a second country.
Investment Diversification and Currency Rates
Choosing to invest in real estate, a business or making other investments in a new country are other ways you can increase investment diversification, thereby reducing risk while creating and taking advantage of new opportunities to grow your assets.
Beyond diversification, investors may also realize benefits related to the currency rates and buying power of their chosen citizenship by investment countries. In many cases, investors find their purchasing power is better in their new countries, helping extend their income and making their investment returns more valuable.
Access Benefits Only Available to Citizens
When you get citizenship by investment, you are unlocking an array of potential benefits that are available only to citizens of your chosen country. These may include benefits such as health care, education and more. Access to expanded benefit options can improve quality of life for you and your family, making your investment even more valuable.
Opportunities for You and Your Family Members
Your investor visa application could also allow you to include your immediate family members. This means that all of you could have the amazing opportunities that come with living in another country, including an enhanced view of the world, the chance to learn another language, and the proximity to forge lifelong connections with people whose social and cultural backgrounds may look different from your own.
Ultimately, becoming a citizen of another country through a financial investment can be personally and professionally rewarding. Contact Davies & Associates to learn more today.