For someone who dreams of expanding the boundaries of their business or wants to travel, the question of relocation is always relevant. Thanks to investments in the development of one of the powers that support a unique program for foreigners, the issue becomes solvable in no time. Now there are dozens of destinations where you can get a stamp on your passport without any problems, but sooner or later, the visa terms come to an end. To become a full citizen of the state of your choice, it is enough to pass a simple verification and confirm your financial capabilities.
It gives a lot more freedom than a "golden" entry permit. We recommend paying attention to two popular directions: to obtain Malta citizenship by investment or to choose Grenada as your second home country.
Malta citizenship program
It is a country with a vast cultural heritage; it was ruled by the Romans, Greeks, and Arabs, and for several years, it was part of the English colony. So, not surprisingly, you can find people speaking different languages on the island. Although, officially, there are two – Maltese and English.
Many people see the island as a source of international education, free medicine, and the ability to travel freely within Schengen. Others are looking for even more benefits. It is worth noting that this is the correct tactic, according to Zlata Erlach (agency Immigrant Invest). Using the possibility of obtaining a second passport in exchange for a monetary contribution to the state, you erase the boundaries of the permitted in your homeland. And you can finally make your long-held dreams come true.
Benefits of the program
Malta citizenship by investment opens up many advantages, among them:
health insurance for citizens and free treatment;
eligibility to study internationally and go to university not only on the island but also in Europe or America;
Low food prices;
Warm climate all year round, no frosts;
the convenient location of the island between Italy and Tunisia;
low taxes and their absence concerning individuals;
international business prospects;
travel in any direction in Europe, Africa, Asia, and Oceania (over 180).
Malta is unique, combining a stable political environment, a constantly developing economy, a favorable geographical location, and a low crime rate, putting it on par with the leading European states.
Requirements
The document is not granted immediately. First, you must apply for a residence permit and maintain this status for three years. Only after this term of residence can you obtain a Malta passport under the law. The following requirements must be met:
The applicant must be over 18 years of age;
is required to reside for 12 months before applying;
to invest at least 1,150,000 euros;
evidence of higher education or a similar level of qualification must be provided;
have no criminal record and no health problems;
prove knowledge of English and/or Maltese.
In addition, the applicant pays application, registration, and administrative fees.
Grenada citizenship program
The small land, named "Concepcion" by Columbus, promisingly declares that participants in the special program can quickly get a second legal document. It will happen in a few months, remotely, through an authorized agency. Unlike a republic in the Mediterranean, there is no need for naturalization.
Benefits of the program
The island, surrounded by water, beckons with its origins and a certain serenity. The cosmopolitan is given the opportunity to replenish the economic development fund or buy real estate. This method is more expensive, but it pays off in five years. In the first case, you simply replenish the nation's budget with money that is not returned and goes to the needs and most pressing problems.
Obtaining a Grenada passport has several advantages:
Allows you to get the document within 3-4 months.
Legal residents can travel freely to more than 140 countries, including the United Kingdom and the EU.
In addition, t
the government levies no tax on income earned abroad, making the place attractive for living and business.
The state offers high-quality services in medicine and education and attractive conditions for investing in real estate and business.
Passport holders are eligible for visa-free entry to Canada, which can be very helpful for business people.
These are only a few of the advantages. But, of course, it is up to each person to assess how well this suits his needs and goals.
Requirements
A drawback of a Grenada second citizenship is a limited stay in the Schengen area (six months out of 180 days) and a thorough check on the source of income and your health. It is necessary to pay 150 thousand dollars or buy a house, an apartment, or another building for a greater value, but in this case, these amounts will pay off after five years. There is no need to pass exams and tests.
Key differences between programs
The peculiarity of getting a stamp in a Maltese passport is a strict security check and a higher investment threshold. On the other hand, Grenada is notable for its quick application process and low cost but few travel opportunities. Both countries are suitable for personal and international business, education, a well-developed health system, and low taxes. If finances allow, and you are interested in attractions such as caves, architecture, and the world's largest port, you will like it in Malta. However, if you want to surround yourself with tranquility, leisure, and contemplation of cascading waterfalls, choose the second option; the choice is yours…
Conclusion
Knowing all the specifics, you can quickly and professionally draw up all documents. To avoid all kinds of risks, contact only experienced employees.