There are options out there that are not overly public/popular as the big 3 (Spain, Portugal, Greece) but they do exist, they could be cheaper or easier but not many people know about it.
For example, Latvia has a program for 95K inclusive of fees that gets PR after 5 years (1 day/year requirement) and citizenship after 10.
Wondering if anyone else have come across anything else like that. I’m not talking about D7/Passive Income, but programs that offer PR without living there.
Actually, the language test for Latvia is about as easy as the Portugese. For countries that are offering GV, it wouldn’t make sense to make the tests difficult, otherwise, no one would invest and defeats the purpose of GV.
For Italy, I’m in the process of performing DD, if something interesting comes from it, I will report back.
Folks,
Most LatAm (Latin America countries) do have such programs - eg Ecuador, Paraguay, Uruguay, etc. Most require you to live there during the first 2 years (or require that you reside a total of 2 years withIN the first 3 years, or similar requirement).
Paraguay does NOT have such a requirement - file and go about ur biz anywhere, and when the time has accrued u r IN.
Also, the country most would NOT consider - Russia grants temporary residence status under its NEW immigration laws, with cit in 5 years. Proof of income IS required. And NO taxation during the qualifying period. BTW, the income taxation rate in Russia, once you become taxable, is an ENORMOUS 13% - that is NOT a typo - thirteen percent. In the north be cold. In the south be temperate. AND IF you prefer to do NO accounting for your income later on AFTER you do become taxable, buy what they call a “patent” (NOT to be confused with the normal English meaning) - that is a pre-paid, IF you like, taxation absolution for each calendar year. Numerous “flavors” available, depending of what you “guess-timate” your income is likely to be for the calendar year.
IF you would like details on any, plse do contact me.
If anyone is considering getting European citizenship, I would recommend Malta, Montenegro Citizenship by Investment but better get them fast because the big bullies in Brussels would use any excuse it can find to take them down. For Montenegro, it has an application deadline which is the end of this year(ie. 31 Dec. 2021) but that was set when the programme was first launched back in 2019 before COVID.
Ever since then, I have yet to hear any updates regarding the application deadline
But I guess not everyone here would necessarily want to get another European citizenship
I do have a question though. Which of the official “agents” for these golden visas are the most cost effective for a guy from Singapore? I have looked through the other forums and some agents that I find cost effective are not available in my country.
Is there any particular issue you are running into, as I’m not sure how your location is of inconvenience?
Well, if this was before corona, location would not have mattered and I would be able to submit some of the documents in person by appointment. Call me old school or paranoid but I needed the assurance that the agent has a physical branch in my country in case I encounter some issue. But with the pandemic still raging, I’m not sure if the documents submission part can be done entirely online.
@paulthefree depending on the program, certain documents can be attested and mailed, several originals will be required and returned to you once finished.
While every company would like to be in all countries, it is not possible. Are you able to travel outside of SGP at all? I have some partners in various countries that can assist.
Being in the same country as the agent is great but 95% of the cases are done remotely.
Yes its possible but when I go to another country, I still have to either isolate myself for about 14 days and/or take their pcr or necessary corona tests and ensure the results are negative. And when returning back to sgp, I have to do the same but in sgp. So in total I would have wasted more than 1 month
Actually, currently I’m just looking around cos my investments(crypto, precious metals and ETFs) are not yet worth the min. amount needed for either investment funds or property outside the coastal areas.
The SGP part I will leave up to you, if you visit UAE (where I am), you won’t need to waste too much time but if you are not ready for a while, then perhaps by the time your funds are ready, the world will be in a better place.
Whats your goals exactly? I have something that could be interesting with Latvia, PR in 5 years with 1 day per year residency requirement. Year 6-10 you need to live there if you want to get citizenship. If not, just stick wit the PR. Cost is $130,000 starting.
I’m still not sure about the 40k in taxes part. If the 40k of taxes is paid by the company annually, why is it still included in the total cost of the program?
Cos when add all of the amounts together, 50 + 10 + 40 + 15 + 15, it matches the 130k grand total.
It’s possible to become a citizen in Montenegro. Geographically, Montenegro is located in Europe but there is no guarantee that Montenegro would join the EU by 2025. Compared to other European “golden visas” and CIPs, Montenegro gives the most bang for your buck with “fastest route” to EU citizenship (technically even faster than Portugal for new applications)
nope, they claim to be part of EU in 2025, but nobody knows if this will be the case or not, but yes you can become a citizen. Very expensive though eur 450k into real estate and 100k eur govt. donation
Latvia can be done for EUR 77,000 and Language test is very easy, my Ukranian grandmother who speaks zero latvian passed the test and got the citizenship
The 450k Euro property option is for the more popular Southern coastal areas like Tivat, Podgorica etc…
There is also a 250k Euro property option for the not so frequently visited, more peaceful mountain sites of the North of Montenegro(Kolasin etc.) This is comparable to Portugal’s 280k property option.
Caribbean islands also have a government donation as a requirement for CIP
That’s great. I’m now interested in the Latvia Golden Visa as my Plan B if my investment gains(in crypto and precious metals) are not as good as expected this year.
Like everyone else here, we are here in this forum due to our interest/knowledge in becoming nomads or getting a Golden Visa(not necessarily a Portuguese one)
With that in mind, could you please enlighten me with more details on what you know about the Latvian Golden Visa?
Thanks
