Immigration and Residency
Amendments to the Citizenship Act and the Immigration Decree in 2013 introduced the category of the “Permanent Resident” as well as new rules on acquisition of Citizenship. Each application will be considered by a Citizenship Eligibility Committee set up by the Minister responsible for Immigration.
As a result, there are two permanent resident options available for investors:
- Type 1 requires the investor to invest $1,000,000 USD or more in a business physically located in Seychelles and to have resided in Seychelles for at least one year;
- Type 2 also requires an investment of at least $1,000,000 USD but also at least five years of business association as a result of the investment. There is no residency requirement.
After obtaining permanent residence, an investor is eligible for Seychelles citizenship after residing in the country for an aggregate period of 11 years. Additionally, the investor must not have been absent from Seychelles for a period exceeding one year unless the investor previously obtained permission from the Seychelles government for the absence. Moreover, the investor must have a clean criminal record and pass the nation’s citizenship exam.
Obtaining Seychelles citizenship entitles the investor to work, live, and travel in the country without restriction, as well as the added benefits of receiving social security payments, free healthcare, a state-funded pension, and the ability to vote in Seychelles elections.
Immigrant Investor Programmes
An individual’s passport dictates where they are entitled to live, work or travel. Some passports open doors for you and family worldwide, others seriously limit your freedom of movement and may even compromise your wealth or security. Whether you are seeking to improve your ability to travel, protect your assets or retire to an exotic location, you should consider securing alternative citizenship or residency. Immigrant Investor Programmes (IIPs) allows foreign citizens to invest in return for a formal immigration status. Sovereign and its specialist external partners can guide you through the best IIPs worldwide to suit your particular circumstances and requirements.
Our list of available IIPs includes, but is not limited to:
- Antigua and Barbuda
- Canada (Quebec)
- St. Kitts and Nevis
- United States