Second Citizenship Investment, a Way to Save Money!

Most of the applicants consider investing for a second citizenship, a gate toward a more comfortable future but simultaneously a costly one. It may sound an extravagant decision to apply for a second citizenship.

If you are an applicant of citizenship through investment options, congratulations! It’s a win-win decision. There are some hidden aspects that you may have forgotten to notice which not only help your money to be saved but also grant you the benefits of your new citizenship.

Saving on tax:

Depending on the country you are holding the citizenship of, the taxation system may grab a big part of your earning, which may include even your worldwide income. The more you earn the more you have to pay. This vicious cycle will not even neglect the inheritance or gifts you get or leave for your beloved ones.

If taxation fees are high in your country, cutting the taxes not only will pay for your second citizenship but also will leave some amount at your bank account. There are many countries with fair taxation systems, we are going to provide you with some information about in this article.

Countries with Favorable Taxation Systems:

1. Vanuatu

     Vanuatu Tax Exemptions:

•  Zero tax on any source of income
• Zero tax on wealth
• Zero tax on capital gains
• Zero tax on inheritance or gift

2. Dominica

       Dominica Tax Exemptions:

• Zero tax on wealth
• Zero tax on inheritance or gift
• Zero tax on capital gains
• Zero tax on foreign income
• Minimum tax on income

3. St.Kitts and Nevis

      St. Kitts and Nevis Tax Exemptions:

• Zero tax on wealth
• Zero tax on inheritance or gift
• Zero tax on capital gains
• Zero tax on foreign income
• Minimum tax on income

Second-Citizenship Investment Programs with Suitable Taxation Systems:

1. Vanuatu citizenship investment program

Option 1 – Donation to Vanuatu Development Funds as follows:

• 130,000 USD – Single Applicant
• 150,000 USD – Main Applicant and Spouse
• 165,000 USD – Main Applicant, Spouse and 1 Child
• 180,000 USD – Main Applicant, Spouse and 2 Children
• 15,000 USD – Per Additional Child
• 25,000 USD – Per Additional Member

Option 2 – Real Estate Investment:

Purchasing an authorized real estate to the minimum value of 250,000 USD.

2. Dominica Citizenship Investment Program

Option 1 – Non Refundable Economic Diversification Fund (EDF)

• 100,000 USD – Single Applicants
• 150,000 USD – Main Applicant and Spouse
• 175,000 USD – Applicant with spouse and 2 children
• 50,000 USD – Each Siblings (aged 18-25)
• 25,000 USD for each additional dependent (aged 18-25)

Option 2 – Real Estate Investment:

Purchasing an authorized real estate to the minimum value of 200,000 USD and keeping it for 4 years.

3. St.Kitts and Nevis citizenship investment program

Option 1 – Non Refundable Contribution to the Sustainable Growth Funds (SGF)

• 150,000 USD – Single Applicants or a family of four

** This offer is valid up to December 31^st 2020

• And 10,000 for each additional dependent

Option 2 – Real Estate Investment:

Purchasing an authorized real estate to the minimum value of 200,000 USD and keeping it for 7 years

Or

Purchasing an authorized real estate to the minimum value of 400,000 USD and keeping it for 5 years.

Citizenship by Investment is a life time investment that can help you save a big part of your income and wealth while granting freedom and endless opportunities to you and your family.

For more information, please contact one of our advisors in UAE, Denmark or Canada, we will do our utmost to guide you through your investment process of obtaining second-citizenship.

If you have any questions about Second-Citizenship Process, please feel free to relay your comment below.