The second residence-ship is growing in popularity and there are so many reasons behind it. There are various benefits of taking a second residence-ship and some of them are corporate benefits, tax reduction, personal safety, and many more. Many countries have started offering resident-ship by investment schemes.
These kinds of schemes are a win-win situation for investors and the country as well. Under the residence-ship by investment programs, people are investing their money in the local economic development plans. In return, they will get the resident-ship of that country. The investment bars set by the different countries are different. While investing money in a country under the second residence-ship investment program, then it is not important to speak the language of that country.
This process of obtaining the second residence-ship is quite quick and simple. For instance, obtaining the Golden Visa Portugal is a simple and easy process. There are so many countries that are offering passports to investors in the shortest possible time such as the Portugal Golden Visa Program launched by Portugal.
Benefits Of Investing In the Second resident-ship Programs
Most countries let the citizens obtain a second residence-ship. When a person obtains a second residence-ship, then it is not mandatory to live in that country. Some of the top benefits of obtaining a second residence-ship by investing in the program launched by different countries.
Traveling permit to various nations without the need for a travel visa. The Portugal Golden Visa holders can freely move to the Schengen region and various European countries.
- Opportunity to live with your entire family in a different country.
- Free to live in Portugal, do your business, and expand the customer base.
- Enjoy the same rights which are given to the residents of Portugal. Portugal is a beautiful country where you live with your family and get access to affordable education for your kids. You can get access to the health facilities in Portugal without any issue.
While applying for the second resident-ship, you should clear your concepts and deeply understand them. Most people confuse resident-ship with dual resident-ship, but both are different.
Steps To Obtain Resident-ship By Investment
The different countries that are offering residence-ship By investment programs have set a different set of rules. There are so many factors like requirements of investment, registration fee, type of investments. Let’s find the details of the second residence-ship by investment program.
- Investment Amount
To get the residence-ship by investment, the investors have to make the specific investment. For instance, the Portugal Golden Visa allows investors to get a residence permit. After holding this investment, the Golden Visa holder can apply for citizenship in the country. To obtain the Golden Visa, the applicant has to make a specific fund transfer or invest in the real estate sector or generate employment for people.
- Requirements For An Investor
Based on the country where you want to apply, the investors’ requirements vary. Some countries demand you to show your good income or savings in your account. The investors can take his/her entire family by applying for their residence-ship as well. If you want to obtain the residence-ship of Portugal, you need to get it by the residence by investment program. The applicant has to apply for the residence permit of the various family members along with his/her application. But with the increase in the number of applicants, the amount of investment also increases.
- Due Diligence Procedure
This step is most important in the process of obtaining a residency permit in another country. This step is also known as the reliability assessment. The regional authorities pair up with international criminal police to determine whether the applicant has a criminal record or not. It is done to find out whether the investors’ money is earned through legal means or not. After doing the complete and thorough verification, the country gives the residence permit to the applicant.
Residence by investment programs is offered by various countries. These programs let the country earn good profit through investors. The Golden Visa program is launched by Portugal and this program lets the investors make specific investments and get the permit to live in Portugal.
The Golden Visa Resident-ship Program is quite popular among various people. It is gaining popularity because this is a simple and easy way to get a resident permit to one of the European countries. The investors have to make golden visa Portugal properties investment or fund transfer to get the Visa for the country. It is a lucrative way for businessmen who want to expand their business in Portugal. Portugal is the most beautiful country in the world that receives sunshine for around the whole year and it has amazing beaches.