Should I invest in real estate or business to gain second residency?
Have you ever wanted to relocate overseas but the process to do so was too complicated?
Today we’re exploring 2 of the main routes to second residency across the globe, real estate and business, hopefully helping you make a decision on which program is for you, and which country you’ll soon be calling home,
To make the most of this opportunity, there are two principal choices in terms of the countries and routes for investment you have to decide between. Let's see what they are all about in some more depth.
Real estate routes to residency
Our starting point today is real estate, a central element of lots of residency and citizenship by investment programs globally, and also a great opportunity for budding expats to relocate through the purchase of their new home.
As with most things, the best way we can convey this to you is through a real-world example, in this case, Cyprus, an island nation in the Mediterranean Sea offering a rapid pathway to residency and citizenship for those of you looking to make the move overseas through investment in real estate.
The nation is also extremely advantageous in terms of business links, taxes, and the low investment threshold it has when compared to some of its other EU member neighbours. Within one application, you, your spouse, children as well as your parents can all register your desire for residency in the nation, meaning Cyprus is also a perfect destination for families.
Your 2 options for real estate investment are as follows:
1. €300,000 + VAT investment in new residential property
2. €300,000 + VAT investment in 2 new or used commercial properties
Once you submit your application form and are invited to make the investment, processing of your residency takes between 2 and 3 months to be ready, which really is short when compared to other programs. After you’re a resident, after 5 years you’re able to apply for citizenship in the EU nation, which is, again, a very competitive time frame when looked at alongside other member nations.
Business routes to residency
Business investment is a good place to round off today’s video, being a key element of most residency and citizenship by investment programs across the globe.
As we’ve mentioned a number of times, these programs are all about building a mutual respect within the relationship between investor and country, and what could be a better demonstration of an investor’s intention to better the country they’re relocating to than by bringing business there?
The best way to demonstrate this is by looking at a real-world example, and today, we’re exploring Peru, found in the western portion of Latin America, bordered by Colombia, Brazil, Bolivia, Chile and Ecuador, meaning you’re never far away from another location to explore.
More practically speaking, Peru is open to authorising a renewable 1-year inversionista residency, this means your investment must be used to establish or invest in a business, so it creates a mutually beneficial environment where you can live while on your journey to citizenship, and the local Peruvian region you invest in benefits from the service you’re bringing there.
If you’re interested in finding out more, these are the requirements:
1. Invest the equivalent of 500,000 Peruvian Sol (roughly US$130,000) either into a pre-existing business in Peru or establish a new business with the same capital injection
2. No nationality is banned from applying, opening this up to all of you reading, an exciting prospect in a world where restrictions have been governing whatever we do for quite some time now. The money you invest has to come from your bank account and do not be surprised if you’re asked to show a business plan, verification is important and no different in Peru
It is also important to mention that you’re going to need to show proof of cash investment, your passport and Interpol Redemption card, as well as a feasibility study if you’re investing in a recently established company or business plan if you are establishing one yourself.
So, which one is for me?
Now, both of these routes to residency are very different, and so cater to different demographics.
Real estate investment is a more personal route to residency, presenting itself as a beneficial pathway for families and those looking to relocate for leisure.
On the other hand, business investment is a rapid market integration route for professional investors looking to make their professional expansion overseas as easy, and as quick, as possible.
If you find you fall somewhere in between, there is a decision to make between which element of your relocation is the key to making the move work, and there are also some countries where the investment can be split between different investments.
So, if you are interested in finding out more about how to relocate overseas through business or real estate investment, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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