A Holistic Approach to International Residency and Citizenship Planning
Acquiring an alternative or second residency or citizenship provides families with a broad spectrum of lifestyle, business, investment and tax benefits and has become an increasingly popular choice worldwide.
Residency and Citizenship (RC) planning options are however continuously evolving, with the creation of new government programmes, the incorporation of additional options and benefits within existing programmes and the removal of programmes no longer considered beneficial to the economy or society.
This combined with the fact that no two clients’ requirements and objectives are the same, means RC planning must be approached holistically, not from the mindset that one or two solutions fit all.
The Sovereign Group monitors the market to ensure we are fully knowledgeable in and provide access to a comprehensive range of residency, citizenship, and tax residency solutions. Our extensive network of offices, experienced local teams and professional service partners ensure that we are best placed to assist clients with the identification, development and implementation of the most suitable overall strategy for their needs.
The Sovereign Group offers a broad range of international residency programmes which can be categorised as follows:
Residency by Investment (RBI) Programmes are often referred to as ‘Golden Visas’ and provide individuals and their dependents with a residence permit and a variety of associated benefits in exchange for a wide range of investment and donation options. RBI Programmes usually have low minimum stay requirements, they are therefore ideal for establishing an alternative or second place of residence.
Financially Independent Visa Programmes provide residence permits to applicants who can demonstrate a regular income and/or personal wealth above a specified amount. They generally require you to make the chosen country your primary place of residence and tax residence.
Business Start Up, Investment, and Incubation Programmes provide residence permits to applicants who establish or invest in an existing business, creating local economic activity and employment opportunities in the chosen country. In some instances, the amount needed as an initial investment can be relatively low.
Sovereign assists clients to successfully plan, prepare and process business start-up, investment, and incubation programme apllications in the following countries: Malta, Cyprus, Portugal, UK, Mauritius, the UAE, Singapore, and Canada.
Tax Residency Programmes provide preferential rates for new residents and/or non-domiciled individuals who establish tax residency. Some programmes also provide residency status whilst, if need be, others can be established in conjunction with a residency programme listed above.
We also offer all-inclusive solutions in the following low tax countries: UAE, Singapore .
The Sovereign Group offers a broad range of citizenship programmes which can be categorised as follows:
- Indirect Citizenship programmesoffer citizenship in exchange for government donations following a one or three-year period of legal residency. Sovereign Services Limited Malta is a licenced agent of the Community Malta Agency (Licence number AKM- SOV- 22) and authorised to assist clients successfully prepare and process citizenship in Malta after a period of either of 12 or 36 months.
- Direct Citizenship programmesoffer citizenship within three to six months in exchange for an investment or government donation, generally with no physical presence requirements. They also provide residency rights within a range of other countries with which the issuing country holds freedom of movement treaties.Sovereign assists clients successfully prepare and process such programmes in Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, St. Lucia.
- Citizenship through Naturalisation
The legal process by which a non-citizen may qualify to acquire citizenship of that country after a certain amount of time holding legal residency status. The rules of naturalisation vary from country to country but typically include a promise to obey and uphold that country’s laws and may include additional requirements, such as having proved an adequate knowledge of the national language and culture.