How To Invest Money From Sale Of Property In India

Fortunately, it has been long since people got criticised by our society for obtaining a second passport to work, study or simply live abroad. Besides, laws of a large number of former Soviet republics permit multiple nationalities.

As a rule, wealthy people tend to choose European countries with the highest quality of life, the UK or the US for their new country of nationality. However, not all the jurisdictions will readily and quickly grant citizenship to such a person, even though the applicant can invest millions in the national economy. Most European countries will require you to stay in their territory for 5 to 12 years, learn the language, get integrated in the society and obtain permanent residence before being allowed to apply for naturalisation.

A good alternative is a few countries offering state investment programmes, under which you get a passport for contribution to the national economy – these programmes are called citizenship by investment programmes and economic citizenship programmes.

What are the benefits of economic citizenship?

Applicants for citizenship by investment consider their second passport first and foremost as an opportunity to travel around the world on a visa-free basis. As a rule, those who have multiple nationalities can visit 150-180 countries without a visa or enjoy a simplified procedure. And if you have an EU passport, you are not only allowed to visit the member states, but also live, work or receive a high-quality education in any of them.
Second citizenship usually makes it easier to buy and own a property, cars and yachts abroad.
Second nationality will give you the opportunity to deal with large international banks, and as an add-on, you will be able to keep and increase your assets.
Your children will enjoy a unique opportunity to receive a modern and high-quality education in the world's best educational institutions.
A resourceful person might use a second passport to promote their business in the international arena. They will be able to enjoy various tax benefits and optimise the company's expenditure.
A second passport will make it easier for you to leave your home country in the case of economic or political turmoil there.
Finally, second citizenship by investment gives you an opportunity to relocate to another country, a safer and more comfortable one. You will have virtually the same status as the nationals and, in contrast to a residence permit, there is no need to regularly extend your passport.

How can I get citizenship by investment?

In Europe, an applicant for economic citizenship is supposed to make a complex investment which consists of 2-3 parts of those mentioned below:

Non-refundable contribution to a national development fund.
Buying or renting an expensive residential property that must be retained by the applicant for at least 5 years.
Participation in a costly business project or investment in local companies.
Donation to an NGO which is officially registered.

Citizenship programmes of small Caribbean island states do not impose any strict requirements on the investor. You may choose one of the following types of investment:

Non-refundable contribution to a government or education fund.
Acquisition of a property.
Business investment (available in several jurisdictions only).

Why is it advisable to get citizenship by investment in real estate?

Experts at Imperial & Legal can put forward at least 4 serious arguments in favour of buying a property to get citizenship.

Reliability

In contrast to stocks and shares, properties such as a house, a flat, a plot of land or a share in a resort business are bricks and mortar. Such property is not subject to stagnation or depreciation in countries with high quality of life and regions focusing on tourist industry.

Refundability

Unlike non-refundable contributions to various foundations and rental payments, investment in a property to get citizenship can be recovered as soon as the required period is over, that usually happens in 3 to 7 years.

Profitability

There is usually a high demand for property in the countries which offer citizenship by investment programmes, so you will not only get the funds you have invested back, but also make some profit on selling it when time comes. In Caribbean jurisdictions, investors are allowed to let the property out, including with the help of a management company, so you will both recover the maintenance costs and get some additional monthly income.

Convenience

If you are applying for a second passport to relocate to a foreign country, buying a property will be killing two birds with one stone: you will both fulfil one of the requirements under the investment immigration program and ensure you have accommodation in your new country of residence.

Even when it comes to the Caribbean countries, where this type of investment does not mean that you have to buy an entire real estate unit, new nationals can get an enormous discount or even stay free of charge if and when they stay in the hotel they invested in.

What countries offer citizenship by investment in real estate/buying a property

According to our experts, the most attractive terms of getting citizenship by investment in real estate of all those which are currently available are offered by 7 jurisdictions – two European countries and five Caribbean states.

Country	Benefits of the programme
Malta	EU passport after staying 1-3 years in the country as a resident. Breathtaking travel opportunities: visa-free access to the UK and the US, the right to live in any EU member state without any restrictions imposed
Montenegro	The most available solution in Europe. A candidate for EU membership
St. Kitts & Nevis	The longest running and the most tried-and-tested investment immigration programme in the world. Favourable participation terms. Visa-free access or access under a simplified procedure to 157 jurisdictions
Dominica	Good living conditions and attractive business environment. Favourable terms of participation in the programme. Visa-free access to 143 states
Grenada	Access under simplified procedure to 144 jurisdictions and the right to get a special US E2 business visa
Antigua and Barbuda	A passport of this jurisdiction ensures visa-free access to 151 countries
Saint Lucia	Favourable business environment. Visa-free access or access under a simplified procedure to 146 countries

Malta citizenship by investment in real estate

According to the new rules, you may apply for European citizenship and an EU passport in 1 or 3 years' time after you have been granted a residence permit. The investment necessary to obtain a Maltese passport consists of several parts:

€600,000-750,000 (depending on the period of time prior to the application) – a non-refundable contribution to the national development fund.
€10,000 – donation to a charity.
€700,000 – acquisition of a property on one of the Maltese islands.

The property which you have bought to get citizenship by investment must be retained for at least 5 years.

Montenegro citizenship by investment in real estate

Just like in Malta, the investment that you have to make to be granted a Montenegrin passport consists of several parts. However, in contrast to the island of the knights, this small and picturesque country grants its citizenship for a much lower price, and an investor can get naturalised in just six months.

In order to participate in the Montenegro citizenship by investment program, you will need to:

make a non-refundable contribution of at least €100,000 to the national fund for economic development;
acquire a property in one of the government-approved real estate projects for €450,000 if the project is launched in a coastal region, or for €250,000 if it is a ski resort development project in the north of the country. This real estate unit must be retained for at least 5 years; then you are free to sell it and recover your money.

Caribbean citizenship by investment in real estate

Caribbean citizenship by investment programmes will also allow you to get a second passport by acquisition of a property in the country. As a rule, people do not invest in a whole house or an apartment but choose to buy a share in a beauty parlour, a hotel or a resort under construction. The real estate unit must be retained for at least 3 to 7 years, depending on the country and the sum of investment. The investor may appoint a management company to let the property out and get a small but stable monthly income.

The investment amount varies greatly depending on a jurisdiction and a number of applicants, but usually the sum required to get citizenship by investment in real estate in these countries is considerably less than that required under similar European programmes.

Another significant advantage of investing in a Caribbean passport is that a processing time for citizenship is rather short (3 to 5 months) and that you are not required to be present on the island. The only exception is Antigua and Barbuda where you will need to spend at least 5 days in the first five years after obtaining a passport.

Country	Investment in real estate	The minimum period you must retain the property for
St. Kitts and Nevis	$200,000 $400,000	7 years 5 years
Dominica	$200,000	3 years
Grenada	$220,000	3 years
Antigua and Barbuda	$200,000	5 years
Saint Lucia	$300,000	5 years

Note: The amounts which are mentioned in the table are necessary investments in real estate by one applicant (or one of a group of investors), processing fees are not included.

Second citizenship by investment in real estate with Imperial & Legal

Our advisers have vast experience in addressing issues relating to investment in real estate abroad as well as to getting multiple citizenships by investment.

If you are thinking about investment in a second passport and feel like avoiding any unnecessary risk, book a consultation with immigration advisers at Imperial & Legal. We will help you find the way which will best meet the requirements and expectations of you and your family.