Astra Trust provides services of obtaining of the second citizenship by investments in countries that allows to be naturalized in this way.
The citizenship by investment has become very popular nowadays. The second passport gives many benefits and may open new opportunities to its holder. In contrast with the naturalization in most of the countries which usually takes not less than 5 years, the investment option allows to get the required status (citizenship or permanent residence) instantly. Another great advantage is that the second passport in most of the cases may be obtained by the family members of the main applicant. This means that for the defined investment to the country economy the second citizenship can be obtained by the whole family, including children, spouse and in some of the cases, parents of the main applicant.
Aims which are followed by our clients when obtaining second passport are different. Depending on the current nationality of the applicant and his lifestyle, the second passport can be used for visa-free travelling, immigration, as a document for financial institution and authorities, personal tax planning matters, a safe harbor in case of emergency etc.
When it comes to the countries which provide such an option of becoming a citizen, there are usually several alternatives. First of all, there are states that allow to obtain their citizenship immediately. It is mostly the islands nations located in the Caribbean or other parts of the world, such as Saint Kitts and Nevis, Grenada or Vanuatu. The amount of investment can be rather modest, and the application process is fast and without any surprises. On the other hand, there are European nations which allow investors to obtain their permanent residence or even citizenship. Such countries are Malta, Spain, Portugal, Greece, Bulgaria. The amount of investment in such countries starts from EUR 350 000 for permanent residence and exceed EUR 1 000 000 when it comes to citizenship.
Astra Trust cooperates with the licensed providers as well as authorities assisting its clients in obtaining of the second passport in jurisdictions as follows:
When it comes to tax implications, it is worth to mention that the second citizenship itself does not change a tax residency of the passport holder. To become a tax resident in any particularly country an individual must be located there for certain period of time, defined by the tax rules in this country. Although, there are countries that allow an applicant to obtain tax residency status by investments, we recommend to get the legal advice from tax specialists prior to obtaining such residency.
Specialists of Astra Trust have vast experience in providing services for obtaining of the second passports and residencies by investment. Should you be interested in these services, please do not hesitate to contact us by email or just leave a message through the form on our web site.