Eu RESidency vs citizenship
Understanding the difference between what residence offers vs what citizenship offers.
Read more about the industry of acquiring another residency or citizenship through investment.
WHY BECOME A GLOBAL CITIZEN
Families across the world are investing in a second citizenship for a variety of reasons.
The E2 Treaty Investor Visa and the E-1 Treaty Trader Visa are popular options for individuals seeking to relocate to the United States to establish or operate a business there. These programs allow eligible business owners to either start their own business or invest in/purchase an existing one. Additionally, the spouse of the business owner is eligible to apply for work authorization in the U.S.
Residency, citizenship and having access to a second passport are often terms used interchangeably, however, for prospective investors it is key to understand how these differ and what each of them actually gives you.
Acquiring a second passport by investment has become an increasingly popular option for many individuals looking to expand their global mobility and opportunities. This process involves making a significant financial investment in a foreign country in exchange for citizenship and a passport.
South Africa’s loss of skilled and high earners could limit room to raise income taxes as the Treasury seeks to plug a budget shortfall that’s above wartime levels.
Dominica is currently one of the best priced destinations for South Africans to obtain a second passport.
Wealthy South Africans buying Grenada properties for millions to gain USA access via E-2 Visa.
Grenada in the Caribbean currently tops the list with an increase in applications of a whopping 120% compared to last year.
Demand for second passports and Citizenship by Investment programmes (CIB) has spiked since level 3 of the Covid-19 lockdown, says Nadia Read Thaele, managing director of LIO Global, a specialist firm in second residency and citizenship by investment planning.
Business Insider Feature: South Africa’s rich are paying R10.6 million for EU citizenship via Malta