AVAILABLE SOLUTIONS
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Citizenship programs
Turkey
Vanuatu
Antigua and Barbuda
Grenada
St. Kitts and Nevis
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Residence programs
Italy
Spain
Montenegro
Greece
Latvia
Over 80 countries offer diverse citizenship and residence programs. LEXIM can help you with any of these programs upon request. If you seek information about programs not covered in this presentation, please contact us. We will be pleased to provide you with the information and support you need.
Citizenship-by-Investment Programs
Republic of Türkiye
Processing time: 6-8 months
Investment: Minimum contribution of USD 400,000
Visa-free countries: Turkish passport holders can travel visa-free to 75 countries and territories, including Hong Kong, Japan and Singapore. It is worth noting though that Türkiye does not have visa-free arrangements with the Schengen states
Key benefits:
Citizenship of a country that enjoys a mild Mediterranean climate, beautiful scenery, and a high standard of living.
Access to a transcontinental Eurasian country that is a stable economic, financial, and political hub between Europe, Western Asia, and the Middle East.
Full citizenship granted to the applicant and included family members.
Turkish citizens are also eligible to apply for an E-2 Investor Visa in the USA for a five-year renewable period.
To qualify for Turkish citizenship, the main applicant should fulfil one of the following investment requirements:
Acquire at least USD 400,000 worth of real estate.
Invest a minimum of USD 500,000 in Fixed Capital Investment.
Deposit a minimum of USD 500,000 or equivalent foreign currency or Turkish lira into a Turkish bank account.
Commit a minimum of USD 500,000 or equivalent foreign currency or Turkish lira into government bonds.
Commit a minimum of USD 500,000 or equivalent foreign currency or Turkish lira into a real estate or venture capital investment fund share.
Create jobs for at least 50 people, as attested by the Ministry of Family, Labour and Social Services.
After applicants have chosen the qualifying investment option, a residence permit application shall be made on the family’s behalf. The main applicant is then required to open a bank account in Türkiye.
Once all application documents have been prepared, the investment can be completed and the documents submitted to the government.
Vanuatu
Processing time: 6 months.
Investment: Minimum contribution of USD 130,000
Visa-free countries: Vanuatuan passport holders can travel visa-free to 55 countries and territories
Key benefits:
No minimum stay required.
Attractive tax opportunities; no inheritance or gift taxes.
Fully remote participation in the program.
Fast procedures and decision-making.
No restrictions on dual citizenship.
Facilitated Schengen visa rules, B-1/B-2 visitor visas for the United States, visa-free entry to Hong Kong and Russia.
Vanuatu investment citizenship is available for the main applicant, the spouse of the main applicant, and their parents and children under 26 years of age.
To become citizens of Vanuatu, applicants should make investments in the Development Support Programme (DSP) in the amount of:
USD 130,000 for the main applicant;
USD 150,000 for the main applicant and spouse;
USD 165,000 for a family of three;
USD 180,000 for a family of four;
USD 25,000 for every additional applicant of any age.
Additional fees for due diligence of the main applicant (USD 5,000) and passport fees (USD 2,000 for the main applicant, USD 1,250 for every applicant applicant) apply.
Antigua and Barbuda
Processing time: 6 months
Investment: Minimum contribution of USD 100,000
Visa-free countries: Antiguan and Barbudan passport holders can travel visa-free to 121 countries and territories
Key benefits:
Ability to include a spouse, dependent children under 31 (as well as their spouse and children), parents and grandparents aged 55 and over, and unmarried siblings of the main applicant and/ or their spouse of any age, as well as to add dependents after citizenship has been granted to the main applicant
Citizenship to a member of the Commonwealth, entitling citizens to certain privileges in the UK and other member states
An attractive place to live or own a second home, with excellent air links to North America and Europe
The right of free movement to Antigua and Barbuda, Hong Kong, Russia, Singapore, the UK, and Europe’s Schengen Area, among others
Main applicant requirements
A clean personal background is required, with no potential for national security or reputational risk.
The applicant must not have been denied a visa to a country that Antigua and Barbuda has a visa-free travel arrangement with.
Select one of the following four options available:
A contribution to the National Development Fund of a minimum non-refundable amount of USD 100,000 for a family of up to four members, or USD 125,000 for a family of five or more members.
A contribution to the University of the West Indies of a minimum non-refundable amount of USD 150,000 for a family of six (and USD 15,000 for each family member thereafter).
The purchase of real estate with a minimum value of USD 200,000 from an approved real estate project. In order to qualify, an applicant can either make a sole purchase of this value or enter into a joint investment where each applicant invests a minimum of USD 200,000. The real estate cannot be disposed of within the five-year period.
The direct purchase of an eligible business for a minimum amount of USD 1.5 million as an individual. Alternatively, a joint purchase where each person contributes at least USD 400,000, totalling a minimum of USD 5 million.
Grenada
Processing time: 6 months
Investment: Minimum contribution of USD 150,000
Visa-free countries: Grenadian passport holders can travel visa-free to 117 countries and territories.
Key benefits:
Grenada is a member of the Commonwealth, entitling its citizens to certain privileges in the UK and other member states.
Eligibility to apply to the USA for a nonimmigrant investor visa after being domiciled in Grenada for a continuous period of at least three years, due to the country’s E-2 Investor Visa treaty.
Citizenship transferable to new spouses and future generations.
The ability to include a spouse, children under 30, unmarried siblings aged 18 and over, parents, and grandparents of the main applicant and spouse of any age.
No restrictions on dual citizenship in Grenada.
No minimum stay required.
Main applicant requirements
A minimum age of 18 years
No criminal record
Satisfy one of the following two qualifying options:
USD 150,000 donation to the National Transformation Fund for a single applicant, or USD 200,000 for a family of four members. An additional USD 25,000 applies for each family member thereafter (excluding qualifying siblings and dependent parents aged 55 and under), USD 50,000 for each parent aged 55 and under, and USD 75,000 for each qualifying sibling.
USD 220,000 minimum purchase of real estate from an approved real estate project, plus an additional minimum non-refundable contribution of USD 50,000. The real estate must be held for five years.
St. Kitts and Nevis
Processing time: 6 months
Investment: Minimum contribution of USD 250,000
Visa-free countries: Visa-free or visa-on-arrival travel to over 150 destinations.
Key benefits:
St. Kitts and Nevis offer excellent opportunities for investors, including a range of real estate options and a uniquely and highly favourable taxation system. The workforce is well-educated, English-speaking, and friendly.
Ability to include a spouse, children under 26, and parents aged 65 and over, as well as to add dependents after citizenship has been granted to the main applicant.
Membership of the Commonwealth, entitling citizens to certain privileges in the UK and other Commonwealth countries.
An attractive location for owning a second home in the Caribbean, with good air links to Europe and North America.
Dual citizenship allowed.
No minimum stay required.
Main applicant requirements
A minimum age of 18 years
No criminal record
Select one of the following options available:
A non-refundable contribution to the Sustainable Island State Contribution (SISC) option:
USD 250,000 for a main applicant
USD 300,000 for a main applicant and a spouse or one dependent
USD 350,000 for a main applicant, a spouse, and one or two dependents
USD 50,000 for each additional dependent under 18 years old
USD 75,000 for each additional dependent over 18 years old
A minimum non-refundable contribution of USD 250,000 to a public benefit unit in an Approved Public Benefit Project
The purchase of real estate with a minimum value of USD 400,000 from an approved real estate development, or a minimum of USD 400,000 for a condominium unit or USD 800,000 for a single family private dwelling. The real estate purchased under both options can be resold after seven years under certain conditions.
Residence-by-Investment Programs
Italy
Processing time: 3 months
Investment: Minimum investment from EUR 500,000
Visa-free countries: Schengen countries
Key benefits:
Visa-free travel across Europe’s Schengen Area.
Residence in a country with a rich culture, attractive industries, and major global cities.
Attractive tax regime.
Access to excellent medical care and education facilities.
The right to live, work, and study in Italy.
The right to apply for Italian citizenship after 10 years of residence.
Italian residence permit granted for two years and permanent residence possible after five years, provided the applicant has relocated to Italy.
Main applicant requirements
Applicants can choose to invest in either of the following two program options:
Under the Investor Visa Program, applicants must satisfy one of the following three requirements:
A minimum of EUR 2 million in Italian government bonds.
A minimum of EUR 500,000 in Italian shares (EUR 250,000 for innovative start-ups).
A minimum non-refundable donation of EUR 1 million in projects of public interest in Italy
Under the Elective Residence Program:
This program option is suitable for individuals who can prove their stable annual income at a certain quantity from abroad, maintained for the validity of the visa.
Spain
Processing time: 3 months
Investment: Minimum investment of EUR 500,000
Visa-free countries: Schengen countries
Key benefits:
High quality of life.
Access to the public healthcare and education systems in the country.
Ability to include a spouse or unmarried partner, financially dependent children of any age (adult children must be full-time students), and financially dependent parents of the main applicant and/or their spouse who are 65 years and older.
A vibrant EU country that has majestic landscapes.
Excellent schools, with tuition available in English, French, German, Italian, Japanese, and Mandarin.
The right to live, work, and study in Spain, and free movement to the EU and Europe’s Schengen Area.
To become a resident of Spain, applicants should fulfil one of the following eligible investments in Spain:
Investment of at least EUR 2 million in Spanish public debt.
Investment of at least EUR 1 million in shares, specifically concerning interests of Spanish companies and Spanish investment funds.
Deposits of at least EUR 1 million in Spanish banks.
Acquisition of real estate property in Spain for a value of at least EUR 500,000.
Development of a business project of general interest in Spain. The general interest requirement is satisfied when at least one of the following three conditions is met:
Job creation.
Socioeconomic impact of the investment in the geographic area in which the project will be carried out.
Significant contributions to scientific and/or technological innovation.
Once residence has been granted, applicants are required to visit Spain for biometric capturing and to receive the residence permit. Thereafter, a visit is only necessary whenever the personal residence card needs to be renewed, that is, after three years initially and every five years thereafter.
Montenegro
Processing time: 3 months
Investment: EUR 70,000
Key benefits
Highly efficient procedure for residence application and opening a bank account
Minimal application requirements, with only one visit to Montenegro required during the application process
Eligibility to apply for permanent residence after five years
Low business operation costs compared to other European jurisdictions
Duty-free trade and customs agreements with EU member states, Switzerland, Türkiye, and other countries
Residence in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO
Residence in a country that is multinational and multilingual, and enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living.
After holding residence status for five years, applicants can apply for Montenegrin permanent residence.
Main applicant requirements
Applicants can choose from the following two options:
Real estate acquisition:
Purchase an existing property (no minimum value is required)
Legal entity registration:
Fulfil the following requirements:
Create and register a legal entity in Montenegro
Open a bank account
Rent or purchase office space for the business
Rent or purchase residential property for personal use
Annual costs associated with company operations start from EUR 3,000.
Applications must include essential documentation and be accompanied by the appropriate fees.
Applicants are required to visit the country once during the application process.
Successful applicants receive a residence permit that is valid for one year and renewable annually.
Greece
Processing time: 4-5 months
Investment: EUR 250,000
Visa-free countries: Schengen countries
Key benefits:
Residence permit renewable every five years, provided that the holder maintains a property in Greece
Opportunity to rent out the investment property
Residence applicable to the whole family (spouse, children under 21 years old, and parents of the main applicant and spouse)
Access to the public healthcare and education systems in Greece
Eligibility to apply for citizenship after seven years of legal residence
Ability to hold shares and receive income from the dividends of a company registered in Greece (but not to be employed in Greece)
High levels of safety and security, excellent education opportunities, robust healthcare options, and a dependable rule of law
Based on specific objectives, various methods exist to obtain residence rights in Greece. Please find below, several possible options for investment that would make eligible for this program:
An investment in real estate property with a minimum value of EUR 250,000 (plus VAT). This can be an apartment, house, land, office or commercial property or a combination of the above. The property can be rented to a third party. From 01 August 2023, investors will have to purchase a property for EUR 500,000 in specific areas in Greece (most of Athens, Thessaloniki, Mykonos, Santorini and Paros).
Term deposit of a minimum of EUR 400,000 at a domestic Credit Institution, of at least one year duration, with a standing order for renewal.
A 10-year lease agreement for the use of hotel apartments or furnished tourist residences in integrated tourist resorts, subject to a fixed rental price of at least EUR 250,000.
Purchase of shares or corporate bonds with a minimum value of EUR 800,000, listed for trading or traded in regulated markets or multilateral trading facilities.
Purchase of shares or stocks with a minimum value of EUR 400,000 of an alternative investment fund that invests exclusively in real estate in Greece.
Other qualifying options exist. Please contact Lexim for more informartion.
Latvia
Processing time: 3 months
Investment: EUR 60,000
Visa-free countries: Schengen countries
Key benefits
Visa-free access to Europe’s Schengen Area
No minimum stay required to be eligible for the residence permit renewal
Fast-track application procedure
54% of people in Latvia speak at least two foreign languages, but 13% - three. Figures are far higher than the EU average
Russian and English as working languages in Latvia.
Excellent transport links with Russia and other EU member states
Eligibility to apply for citizenship after 10 years of legal residence
The members of the applicant’s family, such as spouse, children under 18 and parents, may apply for a residence permit together with the applicant
For residence permit extension, there is no requirement to live in the country
Latvia offers several investment options:
Purchase of real estate for the amount of min. EUR 250,000
Investment for the amount of EUR 50,000 in the capital assets of a Latvian company
Investment of EUR 280,000 into subordinated capital of a bank
Interest-free bond purchase for the amount of EUR 250,000
The residence permit is issued for 5 years with the condition of annual renewal of the resident card. Living in the country is optional. By completing the 5-year residence permit period, you can apply for a permanent residence permit in Latvia.
General Procedure
Due diligence on all applicants.
After successful due diligence, the client agreement is signed.
Pre-payment of LEXIM services.
Questionnaires and/or documents are prepared and submitted to the government.
Investment made.
Government decision.