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Citizenship and Residence Planning

The difference between Citizenship and Residence

Citizenship

• The right to vote

• Ability to pass citizenship on to future generations

• Allows international travel

• Affords protection from the state

Residence

• The right to live,work, travel and study in a country

• Usually comes with conditions or requirements

• May give some travel rights

• Can be withdrawn

• Is likely to affect tax status

Citizenship-by-Investment

The term ‘citizenship-by-investment’ describes the policies of countries in

which foreign personsmay gaincitizenship throughcapitalinvestments or significantcapital contributions in the country

Several countries have

programs in place to attract foreign investors in

return forcitizenship

The intention is to build a long term affinity between

their country and highly

successful people

Citizenship-by-Investment Programs

There are currently only seven countries which offer citizenship programs that provide a direct legal route to citizenship based on investment and which

have passed Henley & Partners’ country due diligence

Other countries have similar provisions. However, in those countries there is no establishedor clear practice and/or the programs are not transparent

St. Lucia

AustriaAntigua and Barbuda

Malta

Grenada Cyprus

St. Kitts and Nevis

Reasons for an Alternative Citizenship (1/2)

•Opens travel to countries previously

restricted by time-consuming visa

application processes

• Be able to travel or have the

option to relocate at any time

• Freedom to retire in a safe country

without worrying about changing

immigration laws

• Freedom of movement when some

nationals are overly exposed to

physical or financial threats

Visa Waivers Retirement

MobilityIndependence

Reasons for an Alternative Citizenship (2/2)

• Increased privacy in banking

and improved physical security

• To renounce citizenship another

citizenship must be acquired first

• Citizenship is one of the tie-breaker

rules in most double tax treaties

•Guarantees a secure and truly

permanent alternative place to go;

the permanent right to reside

Protection Tax Planning

SecurityExpatriation

The Henley & Partners VisaRestriction Index 2017

Top Global Ranking 2017: Selected countries – Global Ranking 2017:

The Henley & Partners VisaRestriction Index 2017

Dual Citizenship Restrictions

The acquisition of another

citizenship often leads to

the automatic loss of the

current citizenship

Only half of the

world´s countries

allow dual

citizenship

Carefully check the legal

situation prior to taking

any steps to acquire

another citizenship

Residence-by-Investment

The term ‘residence-by-investment’ describes policies of countriesin

which foreign persons maybe grantedaresidencepermit

or card through capital investmentsin the country

Several countries have

programs in place to attract

foreign investors in return

for residence

These programs are

used to encourage

wealthy foreigners to

reside in their country

Residence-by-Investment Programs

Henley & Partnershandpicksthemost attractivecountrieswith regardto

mobility,security,privacy,personaltax andlifestyle

Australia

Monaco

Austria

New Zealand

Canada Singapore

Cyprus Switzerland

Hong Kong

UK

Malaysia

US

Malta

Thailand

Portugal

UAE

Reasons for an Alternative Residence

• Better quality of life, climate,

personal security

• Cleaner environment

• Better healthcare and transport systems

Quality of Life

•Graduation at high-ranking schools and

language skills are increasingly important

as the basis for a successful career

Education

• Safe alternative in times of instability

•More privacy in investment and banking

• A defined and stable legal environment

Security

•Often the only way to reduce the tax

burden and regulatory restrictions

legally is to relocate

Taxes

Industry Leading Research and Publications

Global Residence andCitizenship Programs2016 report and index

The annual industry benchmark index and report, covers 19 residence programs and seven citizenship programs

Global Residence andCitizenship Handbook6th Edition

New edition released annually 700-page reference covering the industry and programs in great detail

Henley & Partners – Kochenov Quality of Nationality Index

The first ever index to objectively rank the quality of nationalities worldwide

H&P Visa Restrictions Index 2017

New edition released annually in cooperation with the International Air Transport Association (IATA)ranking countries according to the total number of other countries which they can access visa-free

Global and Regional Events Organized Every Two Weeks

GCS Monaco

GCS South America (Colombia, Brazil,

PanamaCity)

GCS South Africa(Cape Town, Johannesburg,

Pretoria, Durban, Bloemfontein)

GRCC2016London

GCS Middle East(Dubai, Turkey, Lebanon)

Market Groups New York

GCS NewYork

STEP Global Congress Amsterdam

IMC Forum 2017

TheEconomist:EU-Southeast Europe Summit

The Economist: 12th Cyprus Summit

SEA Roadshow Singapore

SEA Roadshow Manila

SEA Roadshow Bangkok SEA Roadshow

Hanoi

SEA Roadshow Ho Chi Minh City

GRCC2017Hong Kong

Meetingswith intermediaries

(Russia)

Malta

Individual Investor Programme

• Launched in March 2014, over half of the applications are applications in progress

• Massive financial income has been added to Malta’s Foreign Direct Investment pipeline

• High level of due diligence; only highly reputable applicants admitted

• Citizenship is granted to reputable applicants who pass due diligence and make a significant economic and social contribution to the country

• The program was designed and is operated by Henley &Partners forthe Government of Malta under a Public ServicesConcession

• The most exclusive program in the world, capped at 1,800 applications

The Malta Individual Investor Programme (MIIP)

• EUR 650,000 for main applicant

• EUR 25,000 for spouse

• EUR 25,000 for each dependent under 18 years

• EUR 50,000 for each dependent over 18 years

• Lease a property: annual rent over EUR 16,000; OR

• Purchase of a property: value over EUR 350,000

• EUR 150,000 into bonds held for at least fiveyears

Main Requirements

Contribution to the National

Economic and Social

Development Fund

A residence in Malta

for at least 5 years

Investments into approved

financial instruments

AND

AND

The applicant must hold residence status in Malta for a minimum of 12 months prior to the issuance of a certificate ofnaturalization.

As a minimum, this means:• Holding a valid residence permit card for 12 months, which provides

visa-free travel access to the Schengenarea

• Leasing or purchasing a residence in Malta

• Establishing links with Malta (coordinated by Henley & Partners)

• Spending a number of days in Malta in order to arrange theresidence

card, tender biometric data, pledge the Oath of Allegiance,etc.

First Steps to Securing Legal Residence in Malta

VISTA POINT, GOZO |Spectacular natural views,

unique designs and commitment to quality

TIGNÉ POINT, MALTA | Opensea

views, tranquil, yet vibrant andmodern

FORT CAMBRIDGE, MALTA |Contemporary

apartments,offering the unique combination of amarine

environment within the urbanhubof Sliema

Malta ∙ Cost Example

Single Applicant Options Lease Property Purchase Property

Financial Instruments EUR150,000 EUR150,000

Lease/Purchase EUR80,000 EUR350,000

Contributions EUR650,000 EUR650,000

Due Diligence EUR7,500 EUR7,500

Other Fees/Costs EUR86,500 EUR88,000

Total EUR974,000 EUR1,245,500

Total Recoverable EUR150,000 EUR500,000

Total Net Cost EUR824,000 EUR745,500

Cyprus

Citizenship-by-Investment Program

Cyprus at a Glance

• Capital:Nicosia

• Geographical size: 9,251km²

• Population: 1,189,197 (July 2015est.)

• GDP: EUR 18.5 billion(2015)

• Official language:Greek

• Political system: presidentialrepublic

• EU member state since: 1 May2004

• Eurozone member since: 1 January2008

Cyprus at a Glance

• Cyprus is a small island in the Mediterranean Sea

• A former British colony, Cyprus became independent in1960

• Dynamic and flexible economy, and has established itself as a business and service

centre for shipping, banking andcommerce

• Cyprus is a full EU member state enjoying all the benefits that EU membership offers

• Despite the economic turbulance Cyprus is still here. Key sectors of the economy,

including tourism, shipping and business services have proved much more resilient

than originallyexpected

• Recent discovery of natural gas reserves and exploitation activities in Cyprus’ Exclusive

Economic Zone create immense prospects forinvestments

A Convenient European Destination

StPetersburg

Moscow

London Amsterdam

Paris

Monaco

CyprusMediterranean sea

Cairo

Dubai

The island is strategically located in the northeastern basin of the Mediterranean Sea, at the crossroads of

Europe, Asia and Africa. This allows easy traveling and the ability to conduct international business.

Travel Visa-Free as an EU Citizen

Total Countries: 158

Cyprus

Visa-free

Visa-on-arrival

Visarequired

Pre-travel internet registration required

International Flexibility

• Easy to travel

• Access Europe, Asia, Middle East,Africa

• Double tax treaties with 60countries

• Legal system based on UK commonlaw

• Attractive taxation system

• Aligned with the EU laws and regulations

• Robust telecommunications system

• International airports andports

Best of Education

• Publicuniversities

• Private universities

• State higher education institutions

• Private institutions of higher education

Foreign University Campuses

• University of East London

• University of Central Lancashire

• University of the West of England

• University of Wales

Safety and Peace of Mind

• One of the most peaceful places in Europe

• Unlocked doors are normal

• The low crime rate attracts many European citizens

• Fifth safest country in the world

Cyprus Citizenship-by-Investment Program

Eligibility

• Main applicant

• Spouse

• Mainapplicant’s adult children up to 28 years old

• Main applicant’s minorchildren

• Main applicant’s parents

Cyprus Citizenship-by-Investment

• EUR 2 million

• EUR 2 million

– Real Estate InvestmentOption

– Local Business ActivitiesOption*

• EUR 2 million – Participation in Alternative Investment Funds*

*Additional investment of EUR 500,000 into a residence is required

Real Estate Option

Cyprus Real Estate Market

• Great potential for tourism/touristic properties

• Oil and gas industry to drive capital growth

• Higher demand thansupply

• Limited prime locations

• Seafront real estate scarce

• Henley & Partners team with local knowledge

• Legal and financial due diligence

• Smooth acquisition process

Characteristics of the Current Market

The three main areas of interest are currently:

Limassol

• Seen as a business hub and attracts 15% of tourism

• Property value in Limassol is three times higher on average

than anywhere else on the island

• Not a seasonalcity

AyiaNapa

• Main tourist destination in Cyprus that attracts 50% of tourism

• Caribbean sandy beaches and turquoisewaters

• Highly developed tourist infrastructure

Paphos

• Attracts 35% of Cypriot tourism

• Mostly rocky coastline

• Lots of hills, nature and vineyards

Gated Projects/Limassol

Luxury Apartments/Limassol

Beachfront Villas/Ayia Napa

Beachfront Villas/Ayia Napa

Golf Residence/Paphos

Example of Real Estate Cost

Family with three minor children:*

• EUR 2 million for property transaction

• EUR 100,000 value added tax on EUR 2 million (if applicable)**

• EUR 4,000 Stamp Duty and land registry fees on EUR 2 million

• EUR 10,000 escrow agreement fee (if applicable)

• EUR 15,340 citizenship government fees

• EUR 70,000 Henley & Partners fees

EUR 2,199,340 Total(gross)

* Exact calculations could be provided on a case-by-case scenario depending the type of the investment

** Provided that the property is less than 200 m2

Real Estate – the Process

1. Signs Henley & Partners agreements

2. Collect all documents needed for application

3. Sign and certify the M 127 application form for naturalization

4. Sign and certify the M 126 application form for minors

5. Visit Cyprus to choose the property/ies and sign all necessary documents

6. Deposit the necessary investment amount into a client/escrow account

7. Settle all Henley & Partners fees

8. Pay the governmentfees

9. Henley & Partners submits the application and approval is usually within 90 days

Latest Investment Incentives

• A reduction of 50% on transfer fees for all real estate sales

• Introduction of the ‘non-domicile’ term which will allow non-domiciled residents to

benefit from a beneficial tax status in Cyprus. They will be exempt for the special

defense contribution tax, which is 30% on interest income and 17% on dividend

income, and which Cyprus tax residents are now subject to

• Abolition of the immovable propertytax

Summary of the Citizenship Program

1. Clean Criminal Record

• The applicants must have clean criminal records

2. Residence in the Republic of Cyprus

• The applicant must hold a permanent privately owned residence in Cyprus

• The purchase price of which must be at least EUR 500,000 (plus VAT)

3. Qualifying Investment Options

• EUR 2 million

• EUR 2 million

• EUR 2 million

– Real Estate Investment Option

– Local Business Activities Option*

– Participation in Alternative Investment Funds*

*Additional investment of EUR 500,000 into a residence is required

Antigua and Barbuda


Comparison of the Top Four Citizenship-by-Investment Programs in the Caribbean: Antigua and Barbuda ∙ Dominica ∙ Grenada ∙ St. Kitts and Nevis 2

Antigua and Barbuda Citizenship-by-Investment

Comparison of the Top Four Citizenship-by-Investment Programs in the Caribbean: Antigua and Barbuda ∙ Dominica ∙ Grenada ∙ St. Kitts and Nevis

3

Antigua and Barbuda Information

With over 365 beaches of clear turquoise waters, the lush tropical islands of Antigua and Barbuda are an inviting paradise, and are considered to be

one of the most beautiful places in the world. The country has a stable democracy, benefits from a well-established legal and regulatory framework,

and has a tax regime that isattractive for inward investors.

Beijing

London

Mo scow

Dubai

Johannesburg

Miami

3h

6h 12h 8h

11h

10h

• Population 80,000

• Some of the most beautiful beaches in the world

• Visa free travel to 134 countries

• Very good daily flight connections to London,

Miami, and New York

• Member of the Commonwealth

Antigua and Barbuda · Introduction

Antigua and Barbuda

• A contribution to the National Development Fund of

USD 200,000 for a singleapplicant.

• An investment in an approved real estate project with

a value of at least USD400,000

To qualify for citizenship,

the government

requires either:

Additional due diligence fees of USD 7,500 for adults and government fees

of USD 50,000 for adults and USD 25,000 for minor applicants apply

Antigua and Barbuda · Citizenship-by-Investment Program

• USD 200,000 for single applicant;

+USD 100,000 for a family of two, three or four

If family is larger than four people

• +USD 25,000 per additional dependant under 18

• +USD 50,000 per additional dependant over 18

• USD 400,000 property purchase

Additional government fees applicable as follows:

• USD 50,000 for mainapplicant

• USD 50,000 for spouse, and dependants over 18

• USD 25,000 per dependant under 18

Or

Antigua and Barbuda · Citizenship-by-Investment Program Requirements

Contribution to the

National Development

Fund (NDF)

Real estate

acquisition

Due diligence fees:

USD 7,500 for main applicant, USD 4,000 for over 18, USD 2,000 for 12 – 17 years


none

Global tax n/a

Special tax scheme available

Annual property tax varies

Number of countries you may travel to visa-free 134

Travel visa-free to the EU (Schengen area) and Canada

Travel visa-free to the US

The right to live, work and study anywhere in the EU

Option to purchase real estate

Period after which you may re-sell your property 5 years

Investment

Travel

Tax Income tax

Benefits of Antigua and Barbuda Citizenship


Qualifying Information

Mandatory visit for approval not required

Residence requirements per year 1 day*

Clean criminal record

Minimum investment USD 200,000

Process duration for citizenship 3-4 months

*The applicant must spend at least five days in Antigua and Barbuda during the period of five calendar years after his registration.

Antigua and Barbuda · Cost Example

Single Applicant Options Donation Real Estate

Real Estate Purchase n/a USD400,000

Donations USD200,000 n/a

Government Fees USD50,000 USD50,000

Due Diligence USD7,500 USD7,500

Other Fees/Costs USD35,300 USD35,300

Total USD292,800 USD492,800

Total Recoverable USD0 USD400,000

Total Net Cost USD292,800 USD92,800

Grenada



Grenada Citizenship-by-Investment


• Stunning naturalbeauty

• Visa-free travel to 121 countries including

China

• US E2 Investor Treaty

• Independent Commonwealth country

Grenada · Introduction

• Contribution to the National Transformation Fund

of USD200,000

OR

• A purchase of government approved and designated

real estate with a value of at least USD 350,000


applicants have two

options:

Grenada · Citizenship-by-Investment Program

• USD 350,000 property purchase

Additional government fees applicable as follows:

• USD 50,000 for main applicant and threedependents

• USD 25,000 for each additional dependent

• USD 200,000 to theNTF

Or

Contribution to the

National Transformation

Fund (NTF)

Real estate

acquisition

Due diligence fees:

USD 5,000 for over 18 years, USD 2,000 for 12 – 17 years; no fee for 0 – 11 years

Government processing fees:

USD 1,500 for over 18 years and USD 500 for 0 – 17 years

Application and passport fees: USD 1,750 per applicant

Grenada · Citizenship-by-Investment Program




Residence requirements per year none



Process duration 2-3 months

Grenada · Cost Example



Donations USD200,000 n/a

Government Fees USD1,500 USD51,500






* Resale value of real estate investment is subject to prevailing market conditions at the

time of sale

St. Kitts and Nevis



St. Kitts and Nevis Citizenship-by-Investment


St. Kitts and Nevis Information

St. Kitts and Nevis is a democratic Caribbean country with an economy driven by tourism. It is part of the Commonwealth, with the Queen of

England as Head of State. The country is tax friendly with no personal income tax, no capital gains tax, no wealth tax, no inheritance tax, and no

gift tax, and companies can easily acquire a full tax exemption. St. Kitts and Nevis boasts pristine beaches, sunny skies and natural beauty, making

this island an idyllic property investment in the Caribbean.

Beijing

Moscow

Dubai

London

6h

16h

8h

14h

Johannesburg

10h

Miami

3h


• Stunning naturalbeauty

• Independent Commonwealth country

• Visa free travel to 132 countries

• Daily direct flights from Miami and bi-weekly

direct flights from New York and London

St. Kitts and Nevis · Introduction

St. Kitts and Nevis

• A contribution to the Sugar Industry Diversification

Foundation of USD 250,000 (for a singleapplicant)

• A purchase of government approved and designated

real estate with a value of at least USD 400,000

St. Kitts and Nevis · Citizenship-by-Investment Program

One of the world’s most

successful programs


applicants have two

investment options:

Additional due-diligence fees of USD 7,500 apply for both options

and government fees of USD 50,000 apply for the real estate option




Average residency requirements per year none



Process duration 4-6 months

Cost Example · St. Kitts and Nevis


Financial Instruments n/a n/a


Contributions USD250,000 USD50,000






St. Lucia



• Member of the Commonwealth

• Tourism based economy

• Tropical rainforests, waterfalls and magnificentbeaches

• Language:English

• Tropicalclimate

About St. Lucia

Why St. Lucia?

• Visa Free travel to over 127 countries including the EU Schengen Countries, Hong Kong and UnitedKingdom

• Ability to pass on citizenship bydecent

• No residencyrequirement

• No need to travel to St. Lucia during the application process

• St. Lucia recognizes dualcitizenship

• No country restriction

• No capital gainstax

• Good airlift into and out of St. Lucia to most major cities

Qualifying Investments

• St. Lucia National Economic Fund

OR

• Approved Real Estate Project

Option 1: St. Lucia National Economic Fund

The applicant makes a non-refundable monetary contribution to the St. Lucia National Economic Fund. The following is the minimum investment amount required.

Description Amount

Applicant applying alone USD 100,000

Applicant applying with spouse USD 165,000

Applicant applying with spouse and up to 2 qualifying dependants USD 190,000

Each additional qualifying dependent (of any age) USD 25,000

Comparison of Caribbean CBI Programs

Antigua & Barbuda Grenada St Kitts & Nevis St Lucia

Processing time: 3-4 months 3-4 months 2*-5 months 3 months

Visa-free access to: 136 countries 124 countries 136 countries 127 countries

Important visa-free travel destinations:

Canada, EU, UK, Singapore, Hong Kong

China, EU, UK, Singapore, Hong Kong

EU, UK, Singapore, Hong Kong

EU, UK, Singapore, Hong Kong

Minimum real estateinvestment:

USD400,000** USD350,000** USD400,000** USD300,000**

Minimumcontribution:

USD200,000** USD200,000** USD250,000** USD100,000**

Must hold period forreal estate:

5 Years 3 Years 5 Years 5 Years

Physical presencerequired in the country:

5 days within the first 5-years

None None None

* A fast-track processing option has been introduced for an additional fee payable to government** These fees represent the minimum contribution/investment for a single applicant and would still incur property transaction costs and/or misc. government fees, due diligence fees and processing fees that differ per program

The difference between St. Kitts and Nevis and Antigua and Barbuda

Processing TimeThree to four months’ processingtime

Residence Requirement

Requires the applicant to spendfive days over five years in Antigua

Processing Time

Two* to five months’ processing time.*Fast track processing of 45 to60 days

has been introduced for afee

Residence RequirementNo

Applicant to Swear an Oath of AllegianceNo

Access to Countries Visa Free136 countries – visa-free travel to Tonga, Israel, Bangladesh and Argentina (Antigua and Barbuda does not).No visa-free access to Canada

Applicant to Swear an Oath of Allegiance

Yes, either on the island or at an embassy or consulate around theworld

Access to Countries Visa Free

136 countries - visa-free travel to Canada, Ukraine and South Africa (St. Kitts and Nevis doesnot)

The difference between St. Lucia and Grenada

Processing Time60 to 90 Days Approval Time

Perfect option for a Family

Access to Countries Visa Free

124 countries – Visa Free travel to Schengen, UK, Singapore, Hong Kong and China

Processing Time

60 Days Approval Time

Perfect option for Single Applicant or Couple

Access to Countries Visa Free127 countries – visa-free travel to Schengen, UK andBangladesh



Leading Residence-by-Investment Programs

We help individuals and families to obtain residence permits in the following countries:

The Leading Residence Programs

United Kingdom

United Kingdom · Introduction

• Population 63 million

• One of the most attractive places in

the world to live and do business

• International business environment —

London is the financial capital of the world

• World renowned schools and universities

• Well connected with direct flight connections

to almost all major cities in the world

• Strong and stable rule of law

United Kingdom

United Kingdom · Investor Immigration Program

• Part of the points-based system, the

Tier 1 Investor category is for high net

worth individuals who want to make a

financial investment in the UK

• Quick processing time of four

to eight weeks

• No requirements on English

language for the first five years

• Investors are permitted to be gainfully

employed or study in the UK

Different Program Options:

• GBP 10 million or more

may apply for PR after

two years



three years



five years

United Kingdom · Permanent Residence Status

Conditions for Permanent Residence (PR)

• No more than 180 days

spent outside the UK in

any 12 month period

(this only applies to the

principal applicant)

Residence Required

• All applicants must

pass a simple ‘Life in

the UK’ test (very

easy, multiple choice)

English Requirement

• PR, once granted,

has no expirydate

• PR will remain in force

as long as the holder does

not spend more than

two years consecutively

outside the UK

No Expiry Date

United Kingdom · Conditions for Citizenship

• Each applicant must

maintain on average 75%

of their time in the UK

over five years

• Unlike for PR, each

individual is on their

own time clock

United Kingdom · Taxation

• The obligation of personal UK taxes is

based around the concepts of residence

and domicile

• It is possible to be resident in the UK

for tax purposes but non-domiciled.

This can provide many tax benefits

• Progressive income tax up to 45%

• Capital gains tax up to 28%

• No wealth tax

• Inheritance tax at 40%

Single Applicant Options

Financial Instruments

Real Estate Purchase

Contributions

Due Diligence

Other Fees/Costs

Capital Requirement

GBP2,000,000

n/a

n/a

n/a

GBP50,000

Total GBP 2,050,000

Total Recoverable GBP 2,000,000

Total Net Cost GBP 50,000

United Kingdom · Cost Example

Advantages

+

Disadvantages

-

• London is among the financial

capitals of the world

• World renowned schools

• Attractive tax system for wealthy individuals

(resident, non-domiciled rules)

• Straightforward investor immigration

program with fast processing time

• Requirement for minimum

physical presence

• Citizenship only after minimum

five years of residence

United Kingdom · Summary

Portugal

Golden Residence Program

• Population 11 million

• Lisbon, Oporto and Guimarães have been

European Capitals of Culture

• The Algarve is a scenic treasure with a long

coastline of golden beaches and dramatic cliffs

• A Portuguese residence card allows you to live,

work, and study in Portugal

Portugal · Introduction

Portugal

• A capital transfer

• A real estate investment

• A venture that creates 10 jobs

• Alternative investments

Announced in

October 2012

Options

Portugal · The Golden Residence Programme

• Allowing non-EU citizens to apply for a temporary

residence permit based on investment activity in Portugal

• Since launch, over 2000 permits have been issued, families who have started their

applications to date have committed over EUR 1 billion in foreign direct investment

A. Capital transfer into Portugal (flexible investments)

B. Purchase of real estate anywhere inPortugal

C. Capitalization of small/medium enterprises (SME)

D. Real estate purchase in an urban regeneration area

D. Real estate purchase older than 30 years

D. Investment into research activities

E. Artistic production or natural heritage

Portugal · Residence-by-Investment Program Requirements

Current OptionsA. EUR 1,000,000; or

B. EUR 500,000

Government fees over the five-year permit period:

EUR 11,830 for main applicant; EUR 10,530 for each dependant aged 16 or over

Additional Options

C . EUR 500,000; or

D. EUR 350,000; or

E. EUR 250,000

Single Applicant Options Standard Property Capital Transfer

Financial Instruments n/a EUR 1,000,000

Real Estate Purchase EUR 500,000 n/a

Contributions EUR 11,830 EUR 11,830

Due Diligence n/a n/a

Other Fees/Costs EUR 69,000 EUR 25,000

Total EUR 580,830 EUR 1,036,830

Total Recoverable EUR 500,000 EUR 1,000,000

Total Net Cost EUR 80,830 EUR 36,830

Portugal · Cost Example

Advantages

+

• Top ranked residence program

• Low cost, may be income producing

and may be recovered

• Gives visa-free travel within the

Schengen zone

• Physical presence requirements are quite

low, averaging seven days per year

Disadvantages

-

• A residence permit provides authorisation

to reside not an absolute right to reside

• Your permit must be renewed after the

first year, and every two years thereafter

• Authorisation could be terminated

without notice

• Laws can change which may effect your

residence status

Portugal · Summary

Portugal · Requirements for Citizenship?

• A separate application for each person aged 18 and over

• Letter from government stating you were a recognized resident

in Portugal for six or more years

• Reasonable knowledge (A2 level) of the Portuguese language

•Must not have been convicted for a crime

• Tangible connections with the Portuguese community:

· Portuguese bank accounts, income, investments

· Residential address and ownership

· Memberships of sports or leisure clubs, library, etc.

· Contribution of money and support to local charities

Yes

Henley & Partners ∙ The Firm of Global Citizens 2017 30

Thailand

Elite Residence Visa Program

Thailand Overview

Henley & Partners • Thailand Elite Residence Visa Program

Thailand Elite Residence Visa Program Benefits

• Fast processing time (2 – 4 weeks) and straight forward process

• Relatively inexpensive – residence options range from five years (~USD 15,000) to 20 years

(~USD 60,000)

• Low cost of living

• Complimentary VIP services and other privileges included

• Residence in Thailand is possible for a few days; a few months; or an unlimited period within

the validity of the chosen package

• No minimum stay requirement

• Attractive tax benefits – only taxed on income sourced in Thailand and foreign sourced income

is tax free if not remitted in the same year as earned

• Possible to acquire a tax identification number with income sourced in Thailand

Privilege Entry Visa

• Special renewable five-year multiple entry visa

• One-year extendable length of stay

• Full service 90-day report

• No visa-run while staying in Thailand

US UK Swiss Russia Japan France Deutsch China Bangladesh Australia

Program Options Comparison

Choosing the Right Program

Thailand Elite Direct Application Portal

URL: https://www.thailandelite-direct.com

http://www.thailandelite-direct.com/

Portal Registration

SCREENSHOT

What the applicant does:

• The applicant clicks on ‘APPLY NOW’ tab

• The applicant registers their email address and enters a password

• Checkboxes are mandatory, the terms and conditions and the cookies policy must be accepted

What happens in the process:

• Registration by entering an email address and password

• This log-in process will enable applicants to tracktheir entire application process via a dashboard

• Registration also provides security to ensure confidentiality of an applicant’s personal details

• As an added measure of security, an email will be sent to the applicant to verify their email address before continuing

Details of applicant’s dashboard: next page…

Screenshot from portalRequirement: Registration

Direct Application Process

Dashboard for applicant

SCREENSHOT

Other Considerations

Permanent Residence and Citizenship

• The Thailand Elite residence visa does not lead to permanent resident (PR) status or citizenship

• In order to apply to become a Thai PR, applicants must have:

• held a non-immigrant visa for at least three years prior to submission of application;

• held three consecutive yearly extensions of the non-immigrant visa; and

• also be a holder of a non-immigrant visa at the time of submitting the PR application

• Application for citizenship can be filed to become a Thai naturalized citizen after holding

PR status in Thailand for 10 consecutive years

Taxation

• Individual is tax resident if staying in Thailand for an

aggregate period of not less than 180 days in a year

• Resident of Thailand is liable for tax on worldwide income if remitted into Thailand in the same year it

is earned (remittance in the following year is not subject to tax)

• The same logic applies to all types of income (incl. pensions, capital gains, interest etc)

they are tax free if earned abroad (from foreign sources/companies/shares) and not brought into

Thailand within the same tax year

Summary

Thailand Elite Residence Visa

• Validity five to 20 years

• USD 16,000 – USD 65,000

• Family member exclusivity

Privileges

• Airport Service (EPA, electro cart, fast track, airport lounge)

• Limousine service

• Golf and spa

• Medical check-up

• 90-day report and one-year stay extension

• Customer contact centre 24 hours

• Work permit / Bank account and credit card / Driver’s license

30

Malaysia

My Second Home Program

Malaysia My Second Home (MM2H)

• Proof of bankable assets of at least MYR 500,000 (USD 115,000) / MYR 350,000

(USD 80,000) (below 50 / above 50 years old)

• Proof of income of at least MYR 10,000 (USD 2,250) per month

• Medical test in Malaysia

• Deposit of at least MYR 300,000 (USD 70,000) / MYR 150,000 (USD 35,000)

(below 50 / above 50 years old) in a Malaysian bank account for 10 years

• Medical insurance in Malaysia

Since inception in 2002, more than 32,000 applicants have been approved

No minimum age limit

No residence requirement

Malaysia My Second Home (MM2H)

The MM2H visa is valid for an initial period of 10 years and renewable

• Citizenship application is not possible under the MM2H Program

• Applicant has to be a permanent resident for more than 12 years

• Malaysia does not allow dual citizenship

Malaysia – Taxation

• Progressive personal income tax rate of up to 26%

• Standard corporate tax rate of 25%

• No capital gains tax on equities

• No gift taxes

• No inheritance taxes

• Taxation is based on the territorial source principle

• Only levied on income sourced in Malaysia

Your Partner for Residence and Citizenship

Henley & Partners

The Leader in Residence

and Citizenship Planning

Advising hundreds

of clients every

year on residence and

citizenship

Mandated by

governments worldwide

Our unique knowledge

and experience

is your advantage

Email

Internet

Dominic Volek, CA(SA), IMCM

Managing PartnerHead Southeast Asia

Henley & Partners Singapore Pte Ltd

36 Robinson Road

City House, Level 14-06

Singapore 068877

Telephone +65 64387117

Direct +65 64387227

[email protected]

www.henleyglobal.com

mailto:[email protected]

http://www.henleyglobal.com/

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