We are updating our clients on the important deadlines on Golden visas and Citizenship by investment programs. Please make use of this time opportunity so that you dont miss out on these last dates.
Here are the important deadlines you should know
1. St Kitts and Nevis
St Kitts and Nevis Government now offers Limited Time Discount (LTO) (USD 25,000) to SGF donation fund. Price start from USD 125,000 for single application. The Last date for this offer is in until Jan 30, 2024
2. St Lucia
Saint Lucia extends offers 50% discount for purchase of National action government bonds for USD 300,000. No date set for expiry.
Client Screening Fee
St Lucia will be introducing mandatory “client screening fee” – USD 1000, paid to banks for probity checks effective from Dec 1, 2021. Applicants from certain blacklisted countries will not be able to apply by remitting funds. This means the cost of CIP will will increase for each application..
Saint Lucia remains the cheapest CBI program single applicants without family members. The scheme is extremely popular with UK and US nationals.
3. Malta Golden visa
The New Permanent Residency program (MPRP) will launch on March 29, 2021. The previous Malta Residency Visa (MRVP) scheme that offers financing governments will be closed from this date.
MPRP will be cheaper and not require any investment, just you have to pay a flat government fee and administration fee to government. You also have to prove 500K euro of net assets to become eligible. It will also replace the current Residency Visa program.
4. Montenegro
The Special citizenship program will accept last applications until Dec 31, 2022 according to the Laws governing Montenegrin investor citizenship program. The deadline has been extended for 2022. After this date the CIP will be permanently closed
5. Portugal
Portugal announced closing of GV scheme with removal of real estate, but applications will be accepted until Oct 2023, until new regulation takes place. New applications will be accepted for investment funds starting from 500,000 euros.
- Investing in residential properties won’t be possible in Lisbon, Porto, Algarve after this date.
- Bank deposits, investment funds, government bonds will increase to 1.5 million euros from this date.
- No change in minimum investment in inner regions in Portugal (20% discount applicable)
- No change in minimum investment for commercial investments
We keep you updated here on any other available last minute deadlines here.
6. Bulgaria
Bulgaria has removed investing in government bonds for citizenship by investment program. The Amendments to the Bulgarian Citizenship Act was approved on 16th of February 2021 and now published in the gazette.
7. Antigua
Due to Covid-19, Antigua has extended suspension of 5 day visit requirements to renew the antiguan passport under CBI until Aug 31, 2022
8. Dominica
All Dominican nationals including CBI citizens are required to replace to new biometric passports from machine readable ones before July 2023. UK visa ban applicable on Dominica citizens.
9. Canada
The Quebec immigrant investor program is suspended until April 1, 2023 to modernize the program. After this date the application window may open.
10. Vanuatu
Vanuatu launched citizenship by real estate investment program as third option from Aug 2021. It is now possible to invest in real estate to become a citizen (only govt approved ones)
11. Ireland
Ireland announced closing of immigrant investor scheme from Feb 2023.
