High net worth Filipinos seeking fast-track residence or
citizenship in foreign countries are increasingly relying on
investment immigration programs to move to Europe, Canada, the USA,
Australia, Hong Kong and other nations.
Europe is the preferred destination with nations like Portugal,
Monaco, the UK, and Switzerland being preferred by English-speaking
citizens of the Philippines. Such investment immigrants seek
greater security, a better life, access to quality education, and a
liberal tax regime when comparing different options.
Demand is high among entrepreneurs who can afford the minimum
investment required by Caribbean nations like
St. Kitts and Nevis,
Antigua and Barbuda, Grenada, and
Dominica, which require investments ranging from $200,000 to
$400,000 — in exchange for citizenship and greater visa-free
travel privileges. Although costlier, the citizenship by investment
programs of Cyprus and Malta are popular as successful applicants
can acquire EU citizenship in just 1-2 years with an investment
approaching $1m. Ease of travel is important for Filipinos since
the country's passport allows visa-free travel to only 60
nations, as opposed to 130 and 160 nations for Caribbean and EU
Such programs are very popular among affluent individuals with
net worth in excess of $2 million with those opting for European
programs having a net worth in excess of $5 million.
Maltese program requires a one-time donation of EUR 650,000
into a government fund and a EUR 150,000 5-year prescribed
investment as well as other annual fees that raise the cost of the
program. Applicants must reside in Malta for one year prior to
submitting an application for citizenship. Cyprus offers
citizenship in just four months in lieu of a real estate investment
of at least EUR 5 million in financial assets of Cypriot entities
including bonds, securities, or debentures. Both programs are in
demand because the requirements are transparent, the outcome is
predictable and investors can reside in virtually any EU country of
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The recent amendments to the Naturalisation of Investors in Cyprus by Exception Scheme, based on subsection (2) in Section 111A of the Civil Registry Laws of 2002-2015 was approved by the Cyprus Council of Ministers on the 13 September 2016.
We would like to take this opportunity to inform you of important amendments introduced to the Cypriot Citizenship by Investment program on 16 September 2016 (as published in the official Government Gazette).
Investment based residence programs in Canada through the QIIP and EB-5 in the United States are among the world's most popular. Read how the two programs differ substantially in qualifications and out-of-pocket cost.
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