There are several ways to obtain citizenship in another country. Naturalization, repatriation, and investment are popular options among those who intend to apply. The requirements for applicants differ, but their fulfillment will make it possible to participate in the chosen program.
It is difficult to study the peculiarities of second citizenship for Indians. You need the help of specialists to make a correct assessment. They know everything about the program you are interested in and offer to use their services. It is worth paying attention to thematic reviews for preliminary familiarization with the options for obtaining residency. This one was compiled with the participation of Immigrant Invest agency expert Zlata Erlach.
What is citizenship by investment programs?
Investing in the development of the country is the basis of existing programs. It is necessary for a foreigner to fulfill this and several other conditions for the application. The amount of the contribution depends on the requirements of the chosen country.
Other foreigners can be included in the application. It concerns those cases when residency status is necessary for family members. The amount to invest may increase, but the number of benefits (quality education, employment) also grows.
Applicants for a second passport make an application and submit documents. The information verification helps to determine the investor’s reliability and provide the necessary services.
Malta Citizenship by investment
The Maltese passport attracts with opportunities to travel to European Union countries. High standard of living and quality medical care play an important role in creating demand for the offer. To get citizenship, it is necessary to contribute 690 thousand euros in:
- real estate (long-term leases are allowed);
- government bonds;
- government-approved businesses and organizations.
Adding relatives to the application is accompanied by additional funds. For example, including a spouse increases the amount by 50 thousand euros. The application review period is up to six months if the documents are correctly prepared.
Passport holders may live in any country. The conclusion of an agreement with the EU states allows you to choose from many options. The availability of such an opportunity indicates that the Maltese passport can be evaluated as a strong passport.
Portugal Citizenship by investment
Portugal differs in its approach to the investment program. There is no requirement to reside permanently in the country to obtain a second passport for indians. Spending a week, a year to qualify for official status is enough.
Portuguese passport holders are among those who travel without visa documents. As a result, visits to Europe and Schengen countries are available without a valid visa. In addition, the Portuguese have a simplified procedure for obtaining a U.S. visa.
Cyprus Citizenship by investment
The Cyprus offer is especially interesting because citizens enjoy a favorable taxation system. The absence of inheritance and capital gains tax contributes to the attention of foreigners. Obtaining second citizenship makes it possible to travel freely to EU countries.
The cost of participation depends on the number of applicants. So, an investor can add a family to the list and ensure Cypriot citizenship. The minimum contribution to the country is 2 million euros. Securities, real estate, and business are chosen for investment.
Spain Citizenship by investment
Spanish citizenship by investment programs for Indians allows them to obtain citizenship if they renounce their first passport. The restriction applies to all foreigners who take part in the offer. There is also a reliability check for state security.
The procedure for obtaining citizenship includes several stages. First of all, the applicant must get the status of resident. Moving to the country will allow you to move to the next step: citizenship registration. Investments are not a basis for obtaining a passport if other conditions have not been met.
The minimum investment amount is 500 thousand euros. Investments can be made in the purchase of real estate or business development. The payback period is from 5 years so that applicants can return the money spent. Renting out real estate is one of the ways to make a profit.
Greece Citizenship by investment
Greece is a country that attracts investors for several reasons. First, it is about the cost of participation in the Golden Visa program. Contribution to the economy from 250 thousand euros will allow you to apply for citizenship.
Investing in the country does not mean getting a passport. It is the first step towards the set goal. After contributing funds to the economy, the applicant can apply for a residence permit. After 10 years, such investors can apply for citizenship. There is no need to give up the first passport.
Visa-free entry into the territory of the European Union countries is the first advantage available to passport holders. Quality medical care and a modern education system are also noteworthy. Including children in the application will allow them to obtain all the benefits of Greek citizenship.
Conclusion
The search for the best EU citizenship for indians program is based on opportunities and benefits. It is worth seeking the assistance of a licensed agent to save time. The support of lawyers will allow you to prepare the required papers and avoid problems on the way to the passport.
Greece, Cyprus, Portugal, and other EU countries offer to obtain a residence permit and, after that – to arrange citizenship. The terms and conditions of the program specify the payback period, cost, and the possibility of keeping the first passport. You will need the help of experts to assess the risks properly.