By far one of the most interesting concepts of the modern global citizen, is the ability to add to or change nationality. This allows families the opportunity to fundamentally change how they live their lives, not just for today but also for future generations.
Through our extensive list of programs, we are able to help families identify which program and country best fits their needs. Once a country and program has been chosen, we can connect the family and their advisor, through our network of trusted partners, to the most suitable professional legal firm, tax advisor and property agent. It is at this point we will start to co-ordinate the professional team with the client and their advisor and plan and execute the property and citizenship acquisition.
It is often the case that people live in places that are not ideal. This could be anything from a general lack of easy access to economic markets, health & educational resources, living in a repressive country or simply wishing to improve their life. Like Citizenship programs, there are many available and not all programs are alike. A lot of these programs can lead to citizenship, so long as the new resident maintains a minimum physical residency within the country's limit. These residency limits can vary between country, for instance, Portugal has a lower limit then most and it is quite conceivable that an applicant may obtain a Portuguese golden visa now, so that they may apply for naturalization later once the required time has passed and they have achieved their minimum physical presence. Other uses for permanent residency include using as part of international financial planning. Moving to a new permanent residence can have significant tax advantages if done right and, in some cases, it can really help with wealth preservation. Obtaining a new legal residence can really help businesses by granting access to new markets, infrastructure, and business opportunities that nonresidents simply do not have.
Through our network of trusted partners, we will find the most appropriate professional legal firm, tax advisor and property agent. Once the details have been agreed we will start to co-ordinate the professional team with the client and their advisor and plan and execute the property and citizenship acquisition. For certain countries we offer an extensive concierge service, providing a range of tailor-made services that would make moving to a new country seamless. For more information, please contact one of our advisors to discuss your requirements.
In terms of diversification of assets and wealth, the opportunity to spread a family or business’s wealth over more than one country is often overlooked. The concept is especially important because of the risk of “country bias” or put simply, placing all the family's eggs into one country basket. There are several countries around the world that have significantly stronger banking institutions than a number of the world's leading economies. So why then, if better banks exist outside your home country, should you not take advantage of using these safer banks. There were a number of historic reasons why people did not move their wealth overseas. These ranged from technology issues (lack of safe banking software and unreliable communication protocols), to a public feeling that these people were doing something wrong. Thankfully, these days, with all the advances in cyber security software and communications, the practical use of overseas accounts is significantly easier and safer, and in general the use of overseas banks is now seen as an important part of wealth management. Other reasons to think globally when thinking about where to place your wealth would include having direct access to emerging markets, financial markets (foreign stock markets) and having funds in a particular banking system ready to necessitate trade in that country.
Through our network of trusted partners, we can introduce clients to a number of professional firms and banking institutions that can assist with the planning and execution of international wealth strategies that include opening overseas bank accounts and other financial wealth facilities.
As already discussed, there are numerus ways of helping our clients achieve the level of change that they desire. One of the most interesting roles that NG Global plays is in our concierge department. We make the hassles of moving go away. We can deal with foreign institutions, help open bank accounts, utility accounts, phone companies, provide information on schools and always with a native speaker.
Through our network of trusted partners, we will find the most appropriate professional legal firm, tax advisor and property agent. We can also provide local guides to such places like schools, medical facilities or even conduct specialized research on behalf of our client. Once the details have been agreed we will start to co-ordinate the professional team with the client.
