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Second Passport
The Allure of Residency and Citizenship by Investment for Nigerian Citizens and Non-EU Residents

It is often seen that when wealthy Non-Europeans or US Citizens apply for European or US visas, it is a difficult process.  It involves a lengthy application process and the physical surrendering of a personโ€™s only travel document, their passport. This is especially difficult as the process can often take weeks if not months in some cases, leaving the applicant grounded and unable to travel. Citizenship by InvestmentNow imagine, you have a second travel document that could be used whilst youโ€™re waiting for your passport to be returned by the embassy.  This is very achievable through the application to one of the many countries that are currently offering citizenship in exchange for an investment in their country.  By applying and receiving a second citizenship and then passport, business people and families are able to travel virtually unrestricted to Europe, the UK and other major countries around the world on a visa free or visa on arrival basis. Residency by InvestmentIf obtaining a second citizenship is not attractive, then there is an alternative in that people can choose to apply for a European residency.  By doing so, it would grant the holder and their family the right to travel to Europe on a residents permit and travel freely within the Schengen zone without the need for additional visas. In both cases, the respective country would expect the applicant to have a clean criminal record, make a qualifying investment and undergo and pass a due diligence process.  All of this is fairly straightforward and achievable. Both these programs can provide the holder with many benefits, but the most important benefit is freedom, freedom to travel and not to have to apply for travel visas, to live in another country and set up companies, banking, and investment accounts and to provide their family with higher standards of security and living than often is the case in their own country.  It also allows wealthy families to incorporate a second residency or citizenship into their future wealth planning and provide new opportunities for their children and future generations. At the time of writing, there are a number of countries in Europe and the Caribbean that are offering residency and citizenship to qualified investors. Most of these countries have a good selection of options when it comes to qualifying investments. The Main programs are:Residency by InvestmentGreeceCyprusMaltaPortugalTurkey Citizenship by InvestmentGrenadaAntiguaSt LuciaMaltaDominicaTurkeySt Kitts & Nevis However, it is important to highlight one program in particular, the Greek Permanent Residency program(Greek Golden Visa).  This program will be undergoing some changes in 2024.  It is expected that the minimum investment levels will rise, possibly even double in the middle of 2024.  So,anyone who is interested should act sooner rather than later.  It is worth noting that we work with a great developer in Athens, whose properties qualify for the Greek permanent residency program and who can act very quickly to help applicants secure visaโ€™s wherever they are in the world. Greece - (Permanent Residency Program)Greece's Golden Visa program is one of Europe's most cost-effective residency-by-investment schemes. The most popular investment is property, whereby there is a two-tier option of โ‚ฌ250,000, for restricted properties, or โ‚ฌ500,000 for unrestricted properties.  Applicants and their families can gain a five-year permanent residence permit, without restrictive physical residency, allowing applicants to continue their global commitments while enjoying the benefits of Greek residency and freedom of movement around Europe. Cyprus (Permanent Residency Program)Cyprus offers a fast route to residency for individuals who invest โ‚ฌ300,000 plus VAT in new real estate. The programme grants full Cypriot residency within six months, providing applicants with a European base for them and their families. Although Cyprus currently is not part of the Schengen area, Cypriot residents may find obtaining a European Schengen visa easier.  In addition, Cyprus is actively applying for membership of the Schengen pact and thus ensuring freedom of movement throughout Europe.  The country offers a favorable tax system for new residents, who can benefit from the non-dom tax regime, with as little as 2-months physical residence, meaning no worldwide income tax for non-domiciled residents, just what is brought into Cyprus or earned in the country.  This might be interesting for non-European applicants that are looking to relocate from a high tax country such as the UK or mainland Europe. Malta (Permanent Residency Program)Malta is a very attractive country for establishing a European residency.  Individuals and families can easily establish residency with an initial investment of โ‚ฌ130,000, with the option of renting or purchasing properties. Malta's EU membership allows applicants easy travel across the European Union, and its robust economy makes it an attractive choice for investments.  This is an ideal country for non-European families. Portugal (Residency Program)The Portuguese Golden Visa program provides residency with a minimum investment of โ‚ฌ500,000 in non-real estate investment funds or โ‚ฌ350,000 in research activities. Portugal boasts a high standard of living, excellent infrastructure, and a comprehensive double tax treaty network, making it an attractive destination for applicants. Turkey (Residency Program)Turkey offers citizenship to individuals who invest $250,000 in real estate or deposit $500,000 in a Turkish bank. The country's strategic location, at the crossroads of Europe and Asia, offers unique business opportunities and easy travel access to both continents. Caribbean Nations: Grenada, Dominica, St Lucia, Antigua and St Kitts & Nevis The Caribbean nations of Grenada, Dominica, St Lucia, Antigua, and St Kitts & Nevis offer some of the world's most cost-effective citizenship-by-investment programs, with minimum investments ranging from $100,000 to $250,000. These countries provide visa-free travel to over 148 countries, including the EU Schengen area, the UK, and China. Additionally, most do not tax non-residents on their worldwide income, capital gains, gifts, wealth, and inheritance, which can significantly increase an applicantโ€™s wealth planning. In conclusion, Residency and Citizenship by investment programs offer applicants a multitude of real economic and social benefits that they can immediately bring into their lives, and provide these same amazing benefits to their children and future generations. If you would like further detailed information about the programs and investment opportunities, or consultation please simply contact or visit NG Global Citizens.

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European Permanent Residency Program
Greece Set to Raise the Minimum Investment Threshold for the Golden Visa Program

The Greek government has recently announced plans to increase the minimum investment amount required for its Golden Visa program, a scheme that offers residency-by-investment in Greece. This move comes after a surge in applications and interest in the program.Kostis Hatzidakis, Greece's Finance Minister, addressed a conference stating that โ€œmeasures to limit it will be applied, the limits will be increased to encourage more substantial investments. However, an exemption will be provided for listed properties, for which a lower minimum threshold will be maintained to direct funds to a property class that is particularly in need of themโ€.The Greek government's decision to raise the bar on the Golden Visa program is a strategic move to maximize the economic benefits while managing the societal impacts. Despite the higher price tag, the program continues to be an attractive pathway to European residency for high-net-worth individuals globally.Previously, the minimum investment threshold for the Greek Golden Visa program was โ‚ฌ250,000. However, this has now been increased to โ‚ฌ500,000 in certain areas. These changes were implemented as of July 31, 2023. This increase was implemented in response to wealthy foreign investors with no connection to Greece buying multiple properties and converting them into short-term rentals. This trend has resulted in the displacement of long-term residents and transformed residential neighborhoods into tourist hotspots. However, the lower threshold remains applicable in desirable tourist destinations like Piraeus, Rhodes, Halkidiki, and Crete. These areas are witnessing an influx of foreign buyers, which is reducing the supply of available properties and driving up rental prices.The program remains one of the most affordable residence-by-investment programs that provide access to Europe. However, the increased investment threshold could be seen as a deterrent for some potential investors. In 2023, the Golden Visa program raised โ‚ฌ45 million per week for Greece, making it the world's most popular investment visa program. However, the proposed changes have sparked some controversy, with the socialist opposition calling for the program to be abolished.Despite this, the Greek government has persisted with its plan, believing that the increased investment threshold will continue to attract high-net-worth individuals who are willing to invest in the Greek economy. NG Global Citizens is an international immigration company dedicating to help individuals and families navigate these complexities and uncertainties, also provide tailored solutions to secure a second residency, citizenship, banking relationships or business domicile.

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Second residencies
Is First Really First, or Can Second be Your Saving Grace in Times of Trouble

Often when we realise that our second choices prove critical, we see it as a sign of brilliant foresight and diligent planning.  So, my question is, why do the majority of people never seriously plan for a life or business strategy that exists outside the country that they currently live and work in? Imagine in this turbulent and often unfair world, systems, and society, which have always been loyal and beneficial to you, suddenly reverse.  This could be due to anything from a new government imposing taxes specifically aimed at the wealthy, their family, or their businesses, to a personโ€™s ideas and thoughts now going against a new society norm (Cancellation Culture).  This used to be the main concern of those who were politically exposed.  However, in this ever-changing world of social media, alternative political and social movements.  It seems more people with different views or lifestyles are being affected.  Every day we are seeing more cases where individuals are becoming social pariahs over innocent and honestly held views or opinions.  This is especially prevalent in the world of business, entertainment, sports, TV commentators, the film industry, and all other areas where people often publicly need to express opinions.  It is making for a world where people can no longer express their true opinion publicly.In most cases, people who are suffering from this modern day โ€œCancellationโ€ phenomena, simply have a different opinion.  As a result, a person and by extension their family or business can be thrown into a state of emergency which causes huge disruptions in their daily life, often pushing people into states of mental unwellness.  We are seeing banks close accounts, new banks refuse business, disruptions to trade and social attacks on friends and family.  In most cases, it is unfounded, and groups spread biased opinions through social media.  In some countries where the political spectrum suddenly takes a swing to extremism, we see higher rates of tax for the private individuals, businesses and the implementation of a general wealth tax, as new governments try to establish their agenda by attacking the wealth of a select few.It is at this time that people wish they had planned for their future and developed a plan of โ€œSecondsโ€.  You can take a number of simple steps to help you, with very little disruption to normal life.  Take up a Second residency or business domicile.Obtain a Second citizenship and passport for their family.Establish a Second banking or investment trading relationship outside the home country.Establish a Second trading platform that could be migrated to should the worst happen.Individuals, businesses, and families can consider adding one or more of the above strategies to run alongside their existing wealth strategy, with little or no adverse impact on their existing lives.  In fact, having all your assets under the roof of one country or state is now seen as not a very prudent strategy, especially as there are many countries out there that will welcome new residents with open arms.Therefore, it is time to start understanding that Second can really be the new First.NG Global Citizens can help individuals and families obtain Second residencies and citizenships for the following countries.  NG Global Citizens also introduce clients to their Trusted Partner Network that can help find the perfect lawyer, investment fund, tax professional, realtor, bank and even moving company:The programs that we are currently support and available: Residency by Investment Greece Cyprus Portugal Malta Turkey USA (EB-5 visa) USA (E-2 visa) Citizenship by InvestmentGrenadaDominicaSt LuciaMaltaTurkeySt Kitts & NevisAntigua & BarbudaIt's crucial to recognize that we live in an ever-evolving world, where the unexpected can suddenly become our reality. As such, having a 'Second' plan isn't merely a safety net anymore; it's a necessity. NG Global Citizensโ€™s team is dedicated to helping individuals and families navigate these complexities and uncertainties, also provide tailored solutions to secure a second residency, citizenship, banking relationships or business domicile, ensuring you're always prepared, no matter what life throws at you. Remember, in this unpredictable world, 'Second' might just be your new 'First'." This article was contributed by [Graham Sutcliffe BA (Hons) FCCA], a Co-founder of - NG Global Citizens (a 20-year veteran of the international Trust world) and specializes in helping clients and their families navigate the often-turbulent waters of making these changes.  We specialize in working with clients and their advisors to select the right mix of what should be included in their safety wealth strategy.  We help find them the right Investment, Realtor, Lawyer and Tax Professional so as to ensure a successful and efficient execution of the plan through our network of international Trusted Partners.

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A Deeper Look into the Cyprus Permanent Residency
A Deeper Look into the Cyprus Permanent Residency by Investment Program

The Cyprus Permanent Residency by Investment Program is an attractive opportunity for non-EU citizens to secure their future. By investing in the island nation's real estate or securities, applicants can gain permanent residency, opening up a world of benefits, including excellent education, tax optimization, and easier visa-free travel within the EU. This article provides an in-depth look at the numerous benefits of this program and the investment options available.Benefits of Cyprus Permanent Residency By InvestmentAccess to Quality Education: Permanent residents have access to some of the best universities and private schools in Cyprus.Low Cost of Living: Compared to other European countries, Cyprus offers a relatively low cost of living, making it an ideal destination for individuals seeking a comfortable lifestyle.Tax Optimization: Cyprus has an attractive tax regime, providing opportunities for efficient tax planning.Income from Real Estate Investments: Investing in real estate properties not only qualifies you for permanent residency but can also generate a steady income through rentals.Potential for Citizenship: Applicants should reside legally in Cyprus for 5 years, prior to the submission of the application. The applicant should reside legally and continuously the year prior to the submission of the application. After five years of actual stay in Cyprus within seven years, permanent residents can apply for Cypriot citizenship.Indefinite Residency: Unlike a residence permit, permanent residency status does not need to be renewed regularly. It allows you to reside indefinitely in Cyprus.Potentially Easier Travel within the EU: Holders of Cypriot Permanent Residency would still need to apply for a Schengen visa for travel within the Schengen area, but it should be a simpler process for them as they already hold a Cypriot Permanent Residence.Investment Options for Cyprus Permanent ResidencyTo qualify for the Cyprus Permanent Residency by Investment Program, applicants need to invest a minimum of โ‚ฌ300,000. The investment options include:1. Applicants can invest in residential or commercial properties located in Cyprus. This option is not only a qualifying criterion for permanent residency but also a potential source of rental income.2. Applicants can choose to invest in securities such as government bonds, financial assets of Cypriot companies, or units of Cyprus-based alternative investment funds.The Cyprus Permanent Residency by Investment Program offers a golden opportunity for non-EU citizens to secure their future and enjoy a high standard of living. With attractive benefits like access to quality education, tax optimization, and the potential for citizenship, it's an investment.Worth considering. This program appeals to individuals seeking a prosperous and secure future. If you are considering applying for the Cyprus Permanent Residency By Investment Program, it is advisable to seek professional assistance from reliable immigration advisors, such as NG Global Citizens, who can guide you through the process efficiently and effectively.

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Greece Golden Visa
Greece Golden Visa, The Ultimate Guide 2024 and All You Need To Know

The Greece Golden Visa program, launched in 2013, offers non-EU citizens the opportunity to obtain Greek residency and access to Europe in exchange for a real estate investment of as low as โ‚ฌ250,000. This comprehensive guide provides detailed information on the program, including eligibility criteria, benefits, investment options, application process, and more.What is the Greece Golden Visa Program?The Greece Golden Visa Program is a residency-by-investment scheme that grants a five-year residence permit to non-EU citizens in return for a significant investment in Greek real estate in certain areas . This initiative aims to attract foreign investors and stimulate economic growth in Greece by offering them the opportunity to establish European residency.Greece Golden Visa Changes:Recently, Greece doubled the minimum investment required for the Golden Visa program to โ‚ฌ500,000. Despite this change, the program remains an attractive option for individuals seeking European residency and the associated benefits.Who's Eligible?The Greece Golden Visa program is open to non-EU citizens who make a substantial contribution to the Greek economy. Applicants must meet certain financial requirements and provide the necessary documentation to qualify. The program offers an excellent opportunity for individuals and families looking to relocate to Greece and enjoy the advantages of European residency.Benefits of the Greece Golden VisaAcquiring the Greece Golden Visa offers numerous benefits:1. Residency: Holders of the Golden Visa can live in Greece and enjoy the country's rich culture, beautiful landscapes, and vibrant lifestyle.2. Visa-Free Travel: The Golden Visa allows individuals to travel freely within the Schengen Area without the need for additional visas.3. Access to European Education and Healthcare: Golden Visa holders can avail themselves of high-quality education and healthcare services available to European residents.4. Business Opportunities: The Golden Visa opens doors to investment opportunities and entrepreneurial ventures within Greece and the EU.5. Long-Term Stability: The initial five-year residence permit can be renewed indefinitely, providing long-term residency stability.Investment OptionsThe Greece Golden Visa program offers various investment options:6. Real Estate Investment: The most popular choice involves investing a minimum of โ‚ฌ250,000 in Greek real estate. This allows investors to own residential or commercial properties and potentially generate rental income.7. Business Investment: Individuals can choose to invest in Greek businesses, contributing to economic growth and job creation.8. Government Bonds: Another option is investing โ‚ฌ500,000 in Greek government bonds, supporting the country's financial stability.How the Process WorksThe application process for the Greece Golden Visa involves several steps:9. Determine Eligibility: Ensure that you meet the program's financial requirements and have the necessary documents.10. Choose an Investment Option: Select the investment option that best suits your preferences and financial capabilities.11. Seek Professional Assistance: Engage the services of experienced professionals in immigration and residency matters to navigate the application process smoothly.12. Gather Required Documents: Prepare the necessary documentation, including a valid passport, proof of investment, criminal record clearance, and medical insurance.13. Submit Application: Submit your application, along with the required documents, to the designated authorities responsible for processing Greece Golden Visa applications.14. Await Approval: The processing time may vary, but typically takes a few months. Stay updated on the progress of your application through regular communication with the relevant authorities.The Greece Golden Visa program offers a compelling opportunity for non-EU citizens to obtain European residency through a real estate investment. Whether it's the allure of living in Greece, visa-free travel across Europe, access to excellent education and healthcare systems, or business prospects, the Greece Golden Visa presents an appealing pathway to a brighter future. NG Global Citizens, a trusted company in residency and citizenship advisory services, can provide expert guidance throughout the application process and help individuals make the most of this opportunity.

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St. Kitts and Nevis
St. Kitts and Nevis Unveils Groundbreaking Contributory Pension Plan: What It Means for CBI Investors

On January 1, 2024, St. Kitts and Nevis introduced an innovative Contributory Pension Plan that promises to transform the financial landscape of this Caribbean nation. Announced by Prime Minister Dr. Drew, the plan is a significant step towards enhancing the welfare and financial security of public workers in the country.While the direct implications of this development on the Citizenship by Investment (CBI) program are not immediately clear, it's likely that such a move could have far-reaching effects. Here's why.1. A Sign of Economic StabilityThe introduction of a contributory pension plan signals the government's commitment to long-term economic stability. It demonstrates a focus on sustainable growth and social security โ€“ two factors that are likely to be of interest to potential investors. For those considering the St. Kitts and Nevis CBI program, this could add an extra layer of assurance.2. Attracting Long-Term InvestorsThe contributory pension plan could potentially attract investors who are interested in long-term opportunities. It suggests that the government is planning for the future and taking steps to protect its citizens' financial well-being. This forward-thinking approach might appeal to CBI investors looking for a stable environment in which to invest.3. Enhancing International ReputationFurthermore, the introduction of such a plan could enhance St. Kitts and Nevis' international reputation. It shows that the government is not only focused on attracting foreign investment but is also committed to improving the lives of its people. This balance between economic growth and social progress could make the nation an even more attractive destination for investors.Though the direct impact of the new Contributory Pension Plan on the St. Kitts and Nevis CBI program is yet to be explicitly defined, it's evident that this progressive move reflects positively on the nation's economic landscape. At NG Global Citizens, we believe that by showcasing a commitment to long-term stability and social welfare, St. Kitts and Nevis is likely to attract discerning investors seeking not just citizenship, but also a stable and secure investment environment.As always, we recommend potential CBI investors to consult with immigration and investment professionals to fully understand the implications of these changes. However, as it stands, the introduction of the Contributory Pension Plan underscores a promising future for St. Kitts and Nevis, a future that balances economic growth with the well-being of its people.

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