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When considering a second citizenship or residency, it's crucial to evaluate the cost, benefits, and future potential of the investment. Today we will explore our top three picks for the most affordable options for citizenship and residency for citizenship and residency by investment, including Panama, Saint Lucia, and Greece. We will highlight the investment requirements, benefits, and key deadlines you need to know.
Panama's Qualified Investor Visa offers a unique opportunity to invest in real estate and obtain residency with a lower minimum investment of $300,000 USD.
Why Act Now?
This investment threshold is only valid until October 2024, after which the minimum investment will increase to $500,000. Acting now can save you $200,000 and secure your permanent residency in a thriving economy known for its robust financial services and expatriate-friendly policies.
What are the main Benefits?
* Immediate permanent residency upon investment
* Diverse real estate opportunities including luxury living in Panama City and beach properties
* Dollar-based economy providing a stable financial environment
* Pathway to citizenship available
* Developed infrastructure and strategic location in Central America
In addition, also boasts a highly favorable tax regime with no taxes on foreign income, making it an attractive destination for international investors and retirees. Furthermore, the country’s political stability, high standard of living, and comprehensive healthcare system add to its appeal.
But the advantages don’t end there!
In addition to the Qualified Investor Visa, Panama offers a Friendly Nations Visa, which provides another attractive and low cost option for residency. Under this program, citizens from over 50 designated "friendly nations", including Canada and the US, can obtain residency with an investment of $200,000 USD in real estate. This option is particularly advantageous for those looking to invest a smaller amount while still gaining the benefits of residency in Panama. The Friendly Nations Visa also supports business and employment opportunities, making it ideal for entrepreneurs and professionals seeking to relocate to Panama. Obtaining permanent residency under this program will take a little longer, but it will ultimately provide a cost-effective path to living in Panama.
If you're ready to explore your options for residency in Panama and take advantage of the Panama Golden Visa program, you're in the right place! Our team is experienced, having assisted applicants from various backgrounds in obtaining their Panama residency through investment. Get a FREE email assessment, click here.
Saint Lucia offers one of the most affordable citizenships by investment programs. For a minimum non-refundable contribution of $240,000 to the National Economic Fund (NEF), you can secure a passport that grants extensive travel freedom. The alternative bond investment provides a returnable option for those seeking to recoup their investment after five years. This program is ideal for individuals and families looking for a quick and cost-effective route to a second passport.
Investment Requirement
1: Saint Lucia National Economic Fund (NEF) Donation
* Minimum Investment: $240,000 (for a single applicant plus up to 3 dependents)
* Additional Costs: Processing fees, due diligence fees, and other administrative costs
2: National Action Bond (NAB)
* Investment Amount: $300,000 (non-interest bearing, held for 5 years)
* Administrative Fee: $50,000
Benefits
* Fast processing time (average 5-6 months)
* Visa-free travel to over 145 countries including the Schengen Area, the UK, and Hong Kong
* No residency requirement
Overall, Saint Lucia's citizenship by investment program offers an efficient and economical route to global mobility. With fast processing times and extensive travel benefits, it stands out as a top choice for those seeking a second citizenship.
If you're ready to explore your options for residency in St Lucia and take advantage of the St Lucia Golden Visa program, you're in the right place! Our team is experienced, having assisted applicants from various backgrounds in obtaining their St Lucia residency through investment. Get a FREE email assessment, click here.
Greece’s Golden Visa program is not only affordable but also offers a pathway to EU residency with a relatively low investment threshold of €250,000. The opportunity to invest at this rate is expiring at the end of August 2024, making now the perfect time to secure a property in one of Europe’s most culturally rich and economically promising countries.
Investment Requirement
* Minimum Investment: €250,000 in real estate
* Deadline: This minimum will only be valid until the end of August 2024, after which it will increase.
Benefits
* Five-year renewable residence permit
* No minimum stay requirement
* Free movement within the Schengen Zone
* Potential for Greek citizenship after seven years of residency
* Ability to rent out the investment property
If you're ready to explore your options for residency in Greece and take advantage of the Greece Golden Visa program, you're in the right place! Our team is experienced, having assisted applicants from various backgrounds in obtaining their Greece residency through investment. Get a FREE email assessment, click here.
The cheapest citizenship and residency by investment options offer unique opportunities for those looking to secure a second passport or permanent residency. Panama, Saint Lucia, and Greece provide affordable entry points with distinct advantages. Whether you are looking for a stable economic environment, extensive travel freedom, or a gateway to the EU, these programs can cater to your needs. Act swiftly to take advantage of the current lower investment thresholds and secure your place in a globalized world.
If you're ready to explore your options for residency in Dubai and take advantage of the Dubai Golden Visa program, you're in the right place! Our team is experienced, having assisted applicants from various backgrounds in obtaining their Dubai residency through investment. Reach out to us now, click here.
If you’re ready to apply and would like a 1-on-1 session with one of immigration team members at INGWE, you can also book a session directly using this consultation link.
