WHY GLOBAL CITIZENSHIP?

Acquiring a second citizenship is continuing to grow in popularity all over the world. For investors in these programs, the return on investment ranges from increased access and mobility to owning luxurious homes in destinations that are on the growth.

Passports with options for visa-free travel are highly desirable for individuals and business owners, therefore Investing in an alternative residence and citizenship unlocks the potential for becoming the global citizen.

Hungarian Residence Permit

The Hungarian residence allows third-country nationals to get residency on the condition that they buy a property in Hungary. The application process is fast and easy, it allows to receive the residency card in no longer than 2 month.

The program has a high approval rate among applicants, and investment is required only after approval has been granted.

Investment in residential real estate is an easy way to obtain a residence visa, the minimum sum of investment is 155,000 euros (property in Budapest).

Main advantages:

• Visa-free entry to EU and Schengen countries;
• The residence permit is issued immediately for 5 years for the main applicant and for 3 years for family members, can be extended indefinitely;
• Fast approval: up to 1-2 months;
• Under the terms of the program, the purchase of real estate is required after the approval of the application for a residence permit;
• Spouses and minor children may accompany the main applicant;
• No restrictions for participating nationalities, available for Russians;
• There are no requirements for residence in the country and knowledge of the language;
• Low cost of living and high security;
• Affordable real estate, prices are lower than in most other European countries;
• Budapest is one of the EU cities with the lowest cost of housing per square meter;
• Free public and international schools;

Requirements:

• All applicants must have registered accommodation in Hungary;
• Availability to confirm sufficient amount for living (27.000 EUR for the main applicant and 16.000 EUR for each dependent). Proof of active or passive income is not required;
• All applicants must have full travel insurance;
• Applicants must not have a criminal record;

Residence permit in Greece - Golden Visa

• Minimum investment is from 250,000 euros (from August 1, 2023, the entry threshold will rise in most of regions of Greece to 500,000 euros);
• Terms of registration - 3-4 months;

Benefits of the program:

• Visa-free entry to the Schengen countries;
• Alternate "airfield", the possibility of arriving in Greece in conditions of closed borders;
• Residence permit is issued immediately for 5 years;
• After 5 years of permanent residence in Greece, the investor can obtain permanent residence, and after another 2 years can apply for Citizenship;
• Opportunity to become a tax resident of Greece, gets the right to use the preferential tax system;
• High standard of living and education;
• There are no requirements for a minimum period of residence to obtain and extend a residence permit;

Citizenship and Residence Permit programs available for Russian citizens ( besides Hungary )

Turkish Citizenship Program

• Processing time is 6-8 months;
• Minimum investment is from 375,000 EUR with purchase of any real estate in any region including residential and commercial;
• Compulsory ownership – after 3 years the owner will be able to sell. During this period, the owner can rent out the property or use it for themselves.

Benefits of Turkish passport:

• Visa-free entry to more than 100 countries, including Hong Kong, Japan and others;
• Possibility of obtaining a non-immigrant visa E2 in the United States, which allows you to live, work and do business in the United States;
• Alternate "airfield", the so-called plan B
• Turkish citizens do not have visa-free entry to the Schengen countries, but after receiving long-term Schengen visas for a period of 2 to 5 years, as well as visas to the UK and the USA;
• Citizenship can also be obtained through family members: spouse and children under 18 years of age

The passport gives the status of a full-fledged citizen of Turkey, which cannot be deprived (in contrast to the status of a residence permit).

Cyprus Permanent Residence

• Processing time - 4 months;
• Minimum investment - from 300,000 EUR;

Benefits of the program:

• Permanent residence is issued immediately for term of life for the main applicant and 10 years for the dependents;
• Access to European level education;
• Opportunity to apply for Cypriot citizenship after 7 years of permanent residence and residence on the island;

• A safe and comfortable country to live in, many people speak Russian on the island;
• Good conditions for business, low taxes
• There are no requirements for being and living on the island

Investing in real estate in Cyprus is not only an opportunity to obtain permanent residence in a European country, but also a profitable investment with prices rising by about 20 % last year.

Programs available for Russians with a second/ alternative passport

Citizenship of Saint Lucia (Caribbean )

The only Caribbean country that allows Russians with alternative passports to obtain citizenship.

• Minimum investment - from 100,000 EUR
• Terms of registration - 3-6 months;

Benefits of the program:

• Visa-free entry to the countries of the Schengen agreement, Great Britain, as well as to more than 140 countries of the world;
• Citizenship is available for the entire family including children, parents, as well as brothers and sisters;
• Fast passport processing;
• There are no requirements for being and living in the country;

GRENADA

Program Highlights:

• Fast processing within four months;
• Donation from 150,000-200,000 EUR ( depending on the household number ) plus 220,000 eur investment in real estate;
• Inclusion of dependent children under 26;
• Inclusion of dependent parents and unmarried siblings;
• No physical residency requirements;
• No requirement to travel to Grenada during the application process;
• No interview, education or management experience required;
• Visa-free travel to over 125 countries, including Europe’s Schengen zone;
• E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
• No tax on worldwide income;

Dominica

The Economic Citizenship Program Dominica offers applicants a wealth of benefits and privileges.

Program Highlights:

• No physical residency requirements;
• Donation from 100,000-175,000 EUR ( depending on the household number ) plus 220,000 eur investment in real estate;
• Inclusion of dependent children under 28;
• Inclusion of unmarried daughters under 28 living with and fully supported by the main applicant;
• Inclusion of dependent parents and grandparents over 55;
• Visa-free travel to over 120 countries, including Europe’s Schengen zone, the U.K., Hong Kong, Malaysia, Singapore and Turkey;
• No tax for non-residents;

For more information, please fill out the form and we will be glad to get in touch with you at our earliest convenience or contact us directly at info@sothebysrealty.me