Bahamas citizenship by investment

Why to establish a Bahamian Trust? What is the easiest country to become a citizen? How to get citizenship for the Bahamas? At this point in time the Bahamas does not have a citizenship by investment programme leading to a second passport, either through investors purchasing real estate or through government contribution. If such a residency programme is introduced by the Bahamas we will be sure to bring it to the attention of our clients.

The investor can apply for Bahamian citizenship after holding the status of a permanent resident of the Bahamas for a period of at least ten years. The immigrant must have resided in the country for a period of at least six years out of the aforesaid ten years. While the issue of citizenship through investment in the Bahamas remains under a clou the option of obtaining permanent residency through investment remains a functional and viable option with the Minister clarifying that there are no plans to review the minimum $500requirement of investing in residential real estate.

Under the Immigration Act of The Bahamas , a foreign investor may be eligible for a permanent residence permit on the basis of a residential property purchase of at least B$500(US$50000). The spouse and children of the investor may be included in the application at no additional cost. The permanent residence permit grants the investor and their dependents the right to live and work in the Bahamas indefinitely.

You may apply for residency if you can establish that you’re financially independent and you own a residence in The Bahamas. Vacant land and businesses do not count for this restriction, but if you own a residence worth more than $1. In order to apply for Bahamian citizenship , a person must meet one of the following requirements. Powerful and Easy to Use.

In order to get a residency by investment , you need to buy property in the Bahamas. Situated 200km miles from the coast of Florida, the Bahamas is a group of 7islands that allows investors to obtain permits through significant real estate purchases in the country. Permanent Residence Permit in Bahamas. This myth comes from the most common way that you can get citizenship in a country – naturalization.

Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. Investment requirements. Cyprus), plus applicable processing and due diligence fees. The Bahamas allows dual citizenship to age 2 at which point the child must choose a country of allegiance. La Vida is able to process client applications for each programme either through the donation or real estate investment options.

If you’re seeking a retirement haven, or simply a new lifestyle, in the Caribbean, citizenship by investment programs (CIPs) are usually the quickest, most straightforward ways to accomplish this. This is one of the main reasons why citizenship by investment programs are so popular and also less time consuming. Each country that offers citizenship by investment has a clearly outlined program that has been authorized by its government.

These programs streamline the application process, provide a straightforward path to citizenship in a matter of months, and are open to (almost) anyone with a clean criminal record. With some 3beaches of clean turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise and considered to be one of the most beautiful places in the world. Search Us citizenship. Those qualifying would have to invest in Bahamas -based developments and companies that created local jobs, with the initiative targeted at a small group of billionaires and. Persons born in The Bahamas to married non-Bahamian parents may apply for Bahamian citizenship between their 18th and 19th birthday only.

Related Fee(s) There is a non-refundable processing fee of BS$100. Currently the CBI industry is estimated to be worth $billion annually. The proceeds from CIP were used for economic development and welfare projects. Dual citizenship is permitted only under the following limited circumstances.

Those that obtained dual citizenship due to birth abroad may hold on to dual citizenship up to age 21. Remain married to the Bermudian for at least ten continuous years, the minimum duration for a marriage before a foreigner can apply for Bermuda citizenship. Bahamas have a “economic investment program” to foreign nationals where a permanent residence is given to on the basis of minimum investment of USD 500’00 made to purchase a residence (a home or condominim) in Bahamas. Lucia, the government of the Bahamas also has been urged to launch an economic citizenship or citizenship by investment program.

The aim of the citizenship by investment program would be to bring more wealthy foreigners (high net worth individuals – HNWI) to invest and give a boost to the economy of the country. A plan to increase the threshold of the Bahamas residency- by-investment immigration program has been rejected by the real estate industry. The Bahamas government wants to double the real estate investment threshold from BS $500to BS $million. Getting a citizenship in Cyprus through investment is not cheap (EUR 000for a passport and EUR 300for a Golden Visa), but it’s a fast process which has no residency requirements and.

Under the $40Panama investment programme the residency visa becomes permanent after five years. For an increased investment amount, $80in total, the visa can become permanent after one year. Citizenship by investment in Panama is not possible directly through this programme.

Caribbean nations grant fast track citizenship and passport against property investment. Cyprus offers citizenship (EU) within months, whereas Portugal, Spain or Greece, they require you to buy a property plus you must also live there for over years, to naturalize for. You can double your investment to get your passport within years.

Bulgaria allows dual citizenship , so you do not.