Citizenship by Investment: Insurance for the Ultra Wealthy (part 3)
Nov 1st, 2018

This is the concluding part of the article. You can still read the part1 and part2 of the article if you missed them.

CITIZENSHIP BY INVESTMENT IN ST. KITTS AND NEVIS

A Citizenship by Investment Program has been in force in St.Kitts and Nevis since 1984 making the Citizenship by Investment Program of St. Kitts and Nevis the oldest existing Citizenship by Investment Program. It is also the most reputable Citizenship by Investment Program in existence. Also, St. Kitts and Nevis offers a good environment for investors.

INVESTMENT REQUIREMENTS

BENEFITS OF THE ST. KITTS AND NEVIS CITIZENSHIP BY INVESTMENT PROGRAM

CITIZENSHIP BU INVESTMENT IN ST. LUCIA

St. Lucia is an independent Commonwealth State a member of the United Nations, CARICOM, OECS and the Eastern Caribbean Currency Union (ECU), a regional currency (East Caribbean Dollar, XCD) which is pegged to the US Dollar at a rate of 2.70.

Applicants under the Citizenship by Investment program of St.Lucia are required to make notable economic contributions to the economy in exchange for a grant of full citizenship to the applicants and their families subject to a stringent application process and due diligence checks.

INVESTMENT REQUIREMENTS 

OTHER REQUIREMENTS

Application process should take a maximum of three months from the time of submission to the issuance of the St. Lucian Passport if there are no areas of concern with the application.

It is important to note that the main applicant will be required to make the qualifying investment within 60 calendar days after notice has been given of the application’s approval. For the real estate or enterprise project options, the main applicant will be required to pay the government administrative fees due within 60 full days after notice has been given of the application’s approval.

Successful applicants will sign the oath of allegiance before an attorney-at-law; Honorary Consul of Saint Lucia, Consular Officer of Saint Lucia, Notary Royal or Notary Public.

BENEFITS OF THE ST. LUCIA CITIZENSHIP BY INVESTMENT PROGRAM

CITIZENSHIP BY INVESTMENT IN MALTA

In recent years, the Maltese Government has doubled its efforts to attract foreign capital to the country through the use ofattractive incentives. These incentives are targeted at international investors and entrepreneurs who can benefit from the excellent international trade relations, strategic location, highly qualified workforce of Malta.

Malta’s Global Residence Program has introduced a Citizenship-by-Investment route known as the Individual Investor Program (IIP) lead by Identity Malta.

INVESTMENT REQUIREMENTS

Applicants of the Citizenship by Investment program in Malta will be required to satisfy three financial requirements; a contribution to the National Development and Social Fund, a property transaction and a purchase of stocks/bonds.

OTHER REQUIREMENTS

BENEFITS OF THE MALTA CITIZENSHIP BY INVESTMENT PROGRAM

CONCLUSION

Citizenship by Investment dates back to 1984 when St. Kitts & Nevis implemented the first official citizenship by investment program. Since then the initiative has evolved and is presently a lot of countries are embracing it.

Targeted at High net worth individuals, these programs grant citizenship and in extension security, business visibility, increased global mobility and also tax optimization in some cases while the countries enjoy increased foreign investment and a boost in their economy. In essence, the Citizenship by Investment Program presents a win-win situation for both the country and the individuals.

For citizens of countries that seemingly have a history of political unrest or economic instability, citizenship by Investment might be an attractive panacea to gain security and a secure future for one’s self and one’s generation.

Questions about obtaining citizenship by investment? Please send an email to Dayo.adu@famsvillesolicitors.com 

Written by: Dayo Adu

Other articles

Dec 25th, 2019
Where and How Are You Spending Christmas This Year?
Read more
Aug 9th, 2019
Lagos Airbnb Owners: Experiences and Challenges of Airbnbs in Nigeria
Read more