[ad_1]
DUBAIUAE, May 21, 2022 /PRNewswire/ — Investing in a second citizenship abroad is one of the most fruitful ventures any high net worth individual (HNWI) can pursue. It unlocks the doors for global travel while simultaneously providing its holder with an elevated investment status.
HNWIs tend to consider obtaining a citizenship not only for themselves but their family members as well; providing their children with a platform upon which to build their success. This approach means adding as many family members to an application as possible, maximizing the return on investment.
However, with the addition of other family members to an application, the investment, or more accurately, the associated fees could increase. We at Savory & Partners always highlight the exact amount applicants have to consider when choosing their citizenship by investment programand in tune with that philosophy of transparency, we want to share with you the most important fees and taxes to take into account when budgeting for your application.
Any additional fees are payments alongside the investment, which do not go into the investment itself.
These fees can come in various shapes or sizes, such as taxes, stamp duty, government fees, application processing fees, due diligence fees, or otherwise.
Each citizenship by investment program has its own set of particular fees, many of which coincide with the nation’s tax regime. To understand the nature of these fees better, we will look into some of the most popular citizenship by investment programs in the world.
The most popular citizenship by investment programs are clustered in the Caribbean region. All of these programs have a donation option as well as a real estate investment option that allows investors to obtain their citizenship. However, there are some additional fees, especially with real estate options, that one should consider before choosing their preferred investment route . We will take a look at each country and its additional fees below.
The twin-island nation of Antigua & Barbuda has three investment options:
- Donation to the National Development Fund (NDF) option starting at US$100,000
- Donation to the University of West Indies (UWI) for a family of six starting at US$150,000
- Real estate options starting at US$200,000
The additional fees in Antigua’s citizenship by investment program are as follows:
- Application fee: US$100
- Processing fee (NDF & Real Estate): US$30,000 for a family of up to…
Full story available on Benzinga.com
[ad_2]
Source link
