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  • Writer's pictureCreimerman Product Team

Navigating the World of Investment Migration: Golden Visas vs. Citizenship by Investment



Investment migration has become an increasingly popular avenue for individuals seeking international opportunities, prompting a surge of interest in programs like Golden Visas and Citizenship by Investment (CBI). However, navigating the nuances between these two options can be perplexing. In this informative article, we unravel the complexities surrounding Golden Visas and Citizenship by Investment programs, providing clarity on their distinctions and guiding you through the intricacies of investment migration.


Golden Visas: Beyond European Boundaries

Golden Visas, often misconceived as exclusive to the European Union, are prevalent across various countries worldwide. While they are indeed common in Europe, encompassing nations such as Portugal, Spain, Greece, and Latvia, many other countries offer similar programs outside the European continent. Contrary to popular belief, these visas primarily grant residency rather than citizenship, allowing individuals to reside, work, and eventually naturalize in the host country.


In essence, Golden Visas necessitate an investment—whether in real estate, funds, or other approved avenues—in exchange for a temporary or permanent residence permit. The journey towards citizenship may require additional steps, including language proficiency tests and cultural assessments, depending on the specific country's requirements.


Citizenship by Investment: A Fast-Track to a New Identity

On the flip side, Citizenship by Investment programs provide a direct pathway to acquiring citizenship, often dubbed as "Golden Passports." Unlike Golden Visas, CBI programs offer a swift and straightforward process, usually taking a few months to grant citizenship. This approach involves investing in local real estate, contributing to public service projects, or making donations to the host country.


The Caribbean nations of St. Kitts and Nevis, Dominica, Antigua and Barbuda, Grenada, and St. Lucia, along with Malta, Turkey, and others, present attractive opportunities for those seeking immediate citizenship. The benefits extend beyond the new passport, encompassing access to healthcare, education, and the ability to travel freely.


Distinguishing Residency from Citizenship

Understanding the disparities between residency and citizenship is pivotal in navigating the intricate landscape of investment migration. Citizenship is a permanent legal status, providing individuals with rights, privileges, and protections within a sovereign state. On the other hand, residency, whether permanent or temporary, permits individuals to reside in a specific country under specified conditions.


Golden Visas, being residency programs, offer investors the opportunity to reside and work in the host country, with potential paths to citizenship after fulfilling certain requirements. Meanwhile, Citizenship by Investment programs confer immediate citizenship, offering a faster route to enjoying the full privileges of a citizen.


Golden visa programs we recommend

Latvia's Golden Visa: A Blend of Opportunity and Diversity


Latvia boasts one of the oldest and longest-running Residency by Investment (RBI) programs in Europe, known as the Latvia Immigrant Investor Program or the Latvian Golden Visa. This program allows investors to secure a Latvian residence permit through various investment options.


How to Obtain a Latvian Golden Visa:


Real Estate Investment: Minimum investment: €250,000, plus 5% of the property's value in government fees.

Specific limitations apply, such as property location and the option to split the investment for multiple properties.

Business Investment: Minimum business capital investment: €50,000, with the option to open a new company or become a shareholder in an existing Latvian company.

Maintenance of the investment for at least five years, with an additional government fee and annual tax requirements.

Purchase Government Bonds: Investment in non-interest bearing governmental bonds totaling €250,000, with an additional government fee.

Bank Deposit: Make a deposit of €280,000 at a Latvian bank or credit institution, with the option to receive applicable interest.

Latvia's Golden Visa program provides diverse investment avenues, each with its own set of advantages and considerations. Whether you opt for real estate, business investment, government bonds, or a bank deposit, Latvia offers a pathway to residency and, potentially, citizenship.


Portugal's Golden Visa: A Route to Citizenship with New Dimensions


The Portugal Golden Visa program is renowned for its direct route to citizenship, allowing investors to spend just seven days per year in the country. Recent changes in the program have shifted focus away from real estate-centric investments, opening up new paths for obtaining residency.


New Paths to the Golden Visa in Portugal:


Job Creation: Creating and maintaining ten jobs in Portugal qualifies for the Golden Visa.

Scientific Research: Investment of €500,000 in scientific research activities offers a new pathway.

Cultural Heritage Support: Allocating €250,000 to artistic production or preservation of national cultural heritage provides another option.

Fund Investment: The fund investment option now requires €500,000, invested in a fund with specific criteria.

Commercial Venture: Transferring €500,000 or more for the establishment or reinforcement of a commercial company in Portugal opens yet another door.

Investing in low-density areas may further reduce the minimum investment amounts by 20%, encouraging investors to explore and contribute to less densely populated regions.


Malta's Residency by Investment: A Gateway to Citizenship


Malta offers a robust Residency by Investment program, providing a pathway to citizenship for those willing to navigate its requirements.


Requirements for Malta's Residency by Investment:


Minimum age: 18 years

Minimum income: €500,000

Additional Requirements:


Purchase or rent a qualifying real estate property.

Financial contributions to the Maltese economy and government.

Donation to a Maltese non-profit organization.

Malta's Residency by Investment process may be considered expensive due to various factors, including the island's limited space and shipping costs. Successful applicants can expect to possess the Maltese Residency Certification within 3-6 months.


Benefits and Considerations

Golden Visa programs present investors with benefits such as extensive travel access within the European Union's Schengen Zone, social perks including healthcare and education, and business advantages. However, it's crucial to note that these benefits don't equate to full citizenship.


In contrast, Citizenship by Investment programs, while requiring a higher financial commitment, provide an accelerated path to complete citizenship, allowing individuals to fully integrate into the host country's society and economy.


Choosing Your Path

As you embark on your journey through the realm of investment migration, it's essential to align your goals with the nuances of Golden Visa and Citizenship by Investment programs. Whether you prioritize the immediate benefits of citizenship or opt for a more gradual path through residency, each option offers unique advantages.


As the landscape evolves, and uncertainties surround the future of Golden Visas, carefully weighing the pros and cons of each program becomes paramount. If you find yourself at a crossroads and uncertain about the direction of your home country, exploring these investment migration avenues may provide you with a viable alternative and a pathway to a brighter future for you and your family.


If you want more information about Investment Abroad and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free ten-minute consultation with us to discuss your options further.




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