Wealthy Indians are targeting citizenship by investment or permanent residence by investment programs in developed countries.<\/p>\n\n\n\n
Important benefits of a second citizenship or residency include:<\/p>\n\n\n\n
The number of Indians qualifying for the US EB-5 visa<\/a> rose by a staggering 236 per cent in 2018. Demand has surged and India has become the third country after China and Vietnam to hit its annual cap and face visa retrogression. <\/p>\n\n\n\n After the US, popular investment immigration destinations include: <\/p>\n\n\n\n In the second quarter of 2018, Indians were ranked among the top-ten applicants by nationality for the UK Tier 1<\/a> Entrepreneur visa. More than three per cent of all Tier 1 Investor visa applicants \u2013 with a minimum investment of \u00a32 million \u2013 were Indians. <\/p>\n\n\n\n Canada has discontinued its federal program but the Quebec Immigrant Investor Program<\/a> offers candidates a fast-track route to permanent residence for minimum investment of $1.2 million. <\/p>\n\n\n\n Asian options include Thailand<\/a>, Malaysia, and Singapore. <\/p>\n\n\n\n Singapore is the most popular among Indians, requiring a minimum investment of 2.5 million Singapore dollars. <\/p>\n\n\n\n Down under, the Australian Significant Investor Program<\/a> is popular despite its hefty price tag of 5 million Australian dollars. The country is a popular study destination, which makes it a smart choice for individuals seeking a secure and stable future for their children. <\/p>\n\n\n\n Among businesspersons and entrepreneurs seeking easier access to developed business markets, golden visa programs offered by EU member-nations like Portugal<\/a>, Greece<\/a>, and Spain are popular among Indians. <\/p>\n\n\n\n These programs offer unrestricted access to the EU along with other developed markets like the US. This is why Malta<\/a> and Cyprus<\/a>, two EU nations that offer direct citizenship by investment programs, also offer permanent residence by investment programs.<\/p>\n\n\n\n Since India does not permit dual citizenship, those opting for a second passport stand to automatically lose their Indian citizenship. However, citizenship by investment programs remain popular. <\/p>\n\n\n\n India offers Overseas Citizen of India status to foreign passport-holders, ensuring investment immigrants don\u2019t lose complete access to their roots. <\/p>\n\n\n\n Caribbean programs are preferred because the cost of second passports for a family of four is significantly lower than golden visa programs offered by EU nations. Grenada offers direct citizenship for a family of four to those investing $350,000 in real estate or donating $200,000 to the government. <\/p>\n\n\n\n This passport comes with visa-free access to 150 countries, including China and the EU. In contrast, the Indian passport provides visa-free access to just 61 countries. <\/p>\n\n\n\n Family and business prospects apart, tax savings is an important factor for wealthy Indians considering investment immigration options. <\/p>\n\n\n\n Physical relocation to a country offering access to a liberal tax regime is a big plus, especially considering India\u2019s implementation of tax laws has become more stringent.<\/p>\n","protected":false},"excerpt":{"rendered":" Wealthy Indians are targeting citizenship by investment or permanent residence by investment programs in developed countries. Important benefits of a second citizenship or residency include: Ease of travel. Access to business opportunities. Life in a more secure and developed community. Education and career prospects for children. Popular Programs among the Indian Elite The number of…<\/p>\n","protected":false},"author":2,"featured_media":55806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4955,347,454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2019\/05\/Indian-investor_196879798.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-ew5","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55805"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=55805"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/55806"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=55805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=55805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=55805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}