Investment immigration programs have historically been perceived as a fad among the ultra-rich who wish to hold a second passport as a status symbol. Only recently experts and wealthy individuals have begun viewing programs as a tool for financial planning and securing better opportunities for themselves and their children.
Visa-free travel privileges to the E.U., the U.S., Canada, and other developed countries, liberal and lenient tax regimes, better education for children and political and economic stability are some reasons why investment immigration programs are gaining popularity.
With most programs offering real estate as an investment option, property developers are scrambling to benefit from such programs. With so many options available the risk is magnified of investors buying real estate at excessively-high prices or investing in unviable projects with little chance of generating a return.
Applicants should seriously consider seeking professional assistance when choosing which option to take.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer.