{"id":7776,"date":"2016-08-30T13:28:05","date_gmt":"2016-08-30T13:28:05","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=7776"},"modified":"2019-02-12T13:47:23","modified_gmt":"2019-02-12T18:47:23","slug":"investors-looking-away-europe","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/investors-looking-away-europe\/","title":{"rendered":"Investors Looking Away From Europe, Towards Caribbean Because of \u2018Brexit\u2019"},"content":{"rendered":"

\"Investors<\/p>\n

Candidates for investment immigration programs could start turning their attention away from European countries and towards the Caribbean \u2013 and it\u2019s all because of \u2018Brexit\u2019.<\/p>\n

Britain\u2019s impending exit from the European Union means the investment immigration programs run by the likes of Cyprus<\/a>, Malta<\/a> and Portugal<\/a> may no longer be able to offer visa-free travel to the UK.<\/p>\n

As a result, programs operated by the likes of Dominica<\/a> and St Kitts & Nevis<\/a> look likely to regain popularity.<\/p>\n

The Caribbean islands have traditionally been the leaders in the investment immigration field, with St Kitts pioneering the idea of awarding passports in return for investment dollars.<\/p>\n


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Investment Requirements: St Kitts & Nevis Citizenship by Investment Program<\/h3>\n

Real estate
\n<\/strong>Investment of $400,000
\n<\/strong>Processing fee of $50,047 (main applicant), $25,047 (spouse and\/or children)<\/p>\n

Sugar Industry Diversification Foundation<\/strong>
\nInvestment of $250,000 (single applicant, increases with family members, see here)
\nProcessing fee of $7,500 (main applicant), $4,000 (per dependent aged over 16)<\/p>\n


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But when European countries started to launch their own versions \u2013 many of them in the wake of the 2008 financial crisis \u2013 the world\u2019s high net worth individuals began to favour those programs.<\/p>\n

Portugal is currently one of the most popular, offering permanent residence in return for a \u20ac350,000 investment in property.\u00a0 The re-emergence of Lisbon\u2019s property market<\/a> is almost entirely as a result of the program.<\/p>\n


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Investment Requirements: Portugal Golden Residence Investor Program<\/h3>\n

Capital Investment
\n<\/strong>Transfer of capital of minimum value of \u20ac1 million into Portugal including through purchase of shares in companies<\/p>\n

Jobs<\/strong>
\nCreation of at least 10 new positions in Portugal<\/p>\n

Real Estate<\/strong>
\nPurchase of unencumbered real estate in Portugal of a minimum value of \u20ac350,000. Co-ownership or purchase of property through finance is permissible provided each individual makes a mandatory minimum investment of \u20ac350,000.<\/p>\n

Urban Rehabilitation<\/strong>
\nInvestment of at least \u20ac350,000 in constructed 30 years ago or investment for rehabilitation of properties located in Urban Rehabilitation Areas<\/p>\n

Scientific Research and Development<\/strong>
\nInvestment of at least \u20ac350,000 in R&D activities of institutions that are part of the national technological system.<\/p>\n

Promotion of Culture<\/strong>
\nInvestment of at least \u20ac250,000 towards financing of bodies pursuing cultural or artistic activities or towards renovation or maintenance of cultural heritage.<\/p>\n

Small-Cap and Mid-Cap Finance<\/strong>
\nInvestment of at least \u20ac500,000 towards purchase of units of small-cap or mid-cap venture capital funds.<\/p>\n

Investment in Low Population Areas<\/strong>
\n20 per cent reduction in minimum investments in the above-mentioned categories when investment is made in a low population-density area.<\/p>\n


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Malta and Cyprus took it further by offering citizenship programs, similar to those offered in the Caribbean.<\/p>\n


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Investment Requirements: Malta Individual Investor Program<\/h3>\n