Top 5 Countries Where Real Estate Investment Can Lead to Citizenship or Residence Permit in 2023

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If I told you that you could live in a new country, explore new cultures, give yourself or your children excellent education opportunities, and expand your business, is just an investment away? Well it is and it goes but the name of “real estate investment for citizenship”.

This investment strategy not only provides investors with a tangible asset in a foreign market but also opens doors to new opportunities that go beyond financial returns. By investing in a property, you may gain legal citizenship in a foreign country, providing you with the freedom to live and work in a new environment.

Imagine the exciting adventures that await you in a new country, from exploring new markets to enjoying an improved quality of life. However, it is important to consider all the legal and financial implications before taking the leap, as it can be a complex process. Are you ready to discover the top 5 countries where real estate investment can lead to citizenship or residency permit in 2023? Keep reading to find out!

5. Commonwealth of Dominica

The Commonwealth of Dominica is a Caribbean Island nation known for its natural beauty and vibrant culture. The country’s real estate market has been steadily growing in recent years, with a particular focus on luxury properties and eco-tourism.

Moreover, the Dominican passport ranks 34th.
Visa Free or Visa on Arrive Entry to 141+ countries.
To obtain citizenship in Dominica through real estate investment, applicants must invest a minimum of $200,000 USD in a government-approved real estate project.
The investment must be maintained for at least three years, and investors are also required to pay various fees and charges.

An advantage of investing in real estate in Dominica is the country’s favourable tax system, which includes no capital gains tax, no inheritance tax, and no wealth tax. Additionally, the country offers a stable political environment and a high standard of living, making it an attractive location for investors.

In terms of noteworthy developments or changes in policies related to real estate investment for citizenship or residency permit, it is important to note that the Dominica Citizenship by Investment Program underwent significant reforms in 2019, including the establishment of an independent due diligence unit and increased regulations for real estate developers.

4. Grenada

Grenada’s real estate market has been growing steadily, with a focus on luxury properties and eco-tourism. The country’s favourable tax system, which includes no capital gains tax, no inheritance tax, and no worldwide income tax, is one advantage of investing in real estate in Grenada. Additionally, the country offers a high standard of living, excellent infrastructure, and a stable political environment, making it an attractive location for investors.

The passport of Grenada ranks 33rd in the global passport index and grants Visa-free travel to 140+ countries, including UK and the Schengen Zone!
To obtain citizenship in Grenada through real estate investment, investors can choose between two options. The first is to invest a minimum of US $350,000 in a government-approved real estate project.
The second option involves a US $220,000 government-approved investment in each unit share. Whichever option is chosen, the investment must be maintained for at least five years, and investors are also required to pay various fees and charges.

Noteworthy developments or changes in policies related to real estate investment for citizenship or residency permit include an increase in the minimum investment requirement for real estate projects and the establishment of a sustainable fund to support local development projects. These changes were implemented in 2021 to enhance the program’s integrity and ensure that it benefits the country’s citizens and economy.

3. St. Lucia

St. Lucia is a Caribbean Island nation known for its stunning beaches, lush rainforests, and diverse culture. The country’s real estate market has been steadily growing in recent years, with a particular focus on luxury properties and tourism-related developments. The demand for luxury villas and condominiums continues to rise, especially among foreign investors looking for a second home or a holiday property.

The St. Lucian Passport ranks 32nd on the global passport index.
The benefits of obtaining Lucian citizenship through real estate investment include visa-free travel to over 146 countries, the ability to work, live and study in St. Lucia, and favourable tax laws, including no inheritance or capital gains tax.
Investors can also enjoy the country’s natural beauty, high standard of living, and relatively stable political environment.
A minimum investment of US $200,000 in a Government approved real estate project.
This investment must be retained for at least five years. Incidental expenses, e.g., property registration, taxes are additional.

St. Lucia’s real estate market offers potential for growth and investment, fuelled by the country’s Citizenship by Investment Program and government initiatives to improve the infrastructure and tourism industry. Obtaining Lucian citizenship through real estate investment offers a range of benefits, including visa-free travel, favourable tax laws, and a high quality of life.

2. Antigua and Barbuda

Antigua and Barbuda are a twin-island nation located in the Eastern Caribbean. The country’s real estate market has been growing in recent years, with a focus on luxury properties and eco-tourism. The government has been investing in infrastructure and tourism, leading to increased demand for real estate. The island of Antigua is a popular destination for high-net-worth individuals seeking a Caribbean lifestyle.

The passport of Antigua & Barbuda ranks 31.
Investing in real estate in Antigua and Barbuda is an attractive option for those seeking to obtain citizenship in the country.
Through the country’s Citizenship by Investment Program, investors can obtain citizenship by making a single ownership investment of US$400,000 or a co-ownership investment of US$200,000 in a government-approved real estate project.
Investors must maintain the investment for at least five years and pay various fees and charges.
The benefits of Antiguan citizenship include visa-free travel to over 150 countries, including the UK and Schengen Area, and no residency requirement.

Additionally, Antigua and Barbuda have a favourable tax system, including no wealth, inheritance, or capital gains tax. Investing in real estate in Antigua and Barbuda can provide investors with a tangible asset and the added benefit of citizenship in a desirable Caribbean nation.

1. Malta

Malta is an island nation located in the Mediterranean Sea. The country’s real estate market has seen significant growth in recent years, with a particular focus on high-end properties, such as luxury apartments and villas. In terms of growth potential, Malta’s real estate market is expected to continue expanding in the coming years, driven by strong economic growth and a stable political environment. Additionally, the country’s strategic location and favourable tax system make it an attractive destination for both investors and tourists.

One of the main drivers of Malta’s real estate market is the country’s booming economy, which has attracted a significant number of foreign investors and expats. As a result, there has been a growing demand for high-quality properties, particularly in sought-after areas such as Sliema and St. Julian’s.

Malta’s passport ranks number 8th in the global passport index.
To obtain Maltese citizenship through real estate investment, applicants must either invest €700,000 in a qualifying property or rent a property with an annual income of €16,000.
The investment must be maintained for at least five years, and applicants are also required to pay due diligence fees and charges.
Overall, Malta’s real estate market and citizenship program offer a range of benefits for investors and individuals seeking to establish a presence in Europe.
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Malta’s real estate market and citizenship program offer a range of benefits for investors and individuals seeking to establish a presence in Europe.

Conclusion

In conclusion, real estate investment for citizenship or residency permit is a strategy that offers investors not only a tangible asset but also the freedom to live, work, and study in a foreign country.

As an experienced consultancy, we advise that you must get in touch with experts before making a decision. It is recommended that you go through each plan and its pros and cons and then move ahead with a decision.

If you would like to learn more, get in touch with UNO Capital.