How to Enhance Your Global Mobility in 2024

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Enhancing your global mobility in 2024 is as easy as 1, 2, 3 with Latitude Group. That’s because we’re an investment migration specialist who can advise you on 1.) Residency by Investment, 2.) Citizenship by Investment, and 3.) Citizenship by Descent. In this article, we’ll discuss these three routes to improve your worldwide movement in detail.

1.) Residency by Investment

To understand what Residency by Investment means, simply invert the term. You make an investment to obtain residency. In our recommended programmes, this ranges from a minimum $150,000 up to a required $1.2 million.

Anguilla Residency by Investment

We have a first-hand understanding of Anguilla Residency as we helped design and implement this programme. The cheapest option is to donate US$150,000 to the Capital Development Fund. Processing time is among the most straightforward and you’ll be a permanent resident of Anguilla within two to three months of applying.

Canada Start-Up Visa

Did you know that Canada is the second biggest country in size after Russia? So, you’re tapping into quite a market if you were to start a new company there. The beauty of the Canada Start-Up Visa is that with a mere C$275,000, you can become a Canadian resident after 24-30 months.

Cayman Islands Residency

The celebrated Cayman Islands offer one of the most select Residency by Investment Programmes. Entry comes at a €1.2 million price. 4-6 months after applying, you can become a proud resident of this stunning British Overseas Territory.

Greek Golden Visa

€250,000 allows you to travel freely around the 27 countries comprising the European Schengen Zone. You don’t have to live in Greece and can earn rental income on your investment. Bear in mind that sustained demand for the Greek Golden Visa has pushed processing time back to between half a year and 12 months.

Malta Permanent Residence Programme

MPRP is another European route to enhancing your global mobility. Maltese due diligence is among the most stringent in the world, so they only accept the cream of the crop. €150,000 is the minimum investment and you’ll receive your residence permit within 6 to 8 months of applying.

Portuguese Golden Visa

The Portugal Golden Visa dates back to 2013 and helped this European country bounce back from economic freefall. This minimum €200,000 Residency has become a victim of its own success, however. Rising property prices for locals forced the government to strip out the real estate option and waiting times vary between 18-24 months.

Spanish Golden Visa

Portugal’s loss has been its Iberian neighbour’s gain. Investors can now take advantage of the Spanish Golden Visa‘s property-focused offering. Buying real estate worth at least €500,000 earns you residency and a chance to become a citizen within 10 years (2 if you hail from a former Spanish colony).

UAE Golden Visa

Take your pick of 7 emirates to live in with the UAE Golden Visa. For a minimum €550,000 investment, you can obtain residency between 2 and 3 months. Dependants you can add to your application include spouses, children, and domestic staff.

UK Innovator Founder Visa

Indefinite Leave to Remain in the UK is one of the draws of the UK Innovator Founder Visa. Another advantage, along with ILR, is the minimum £200,000 investment. Processing time takes from 4 to 6 months.

US EB-5 Investor Visa

This US Residency by Investment leads to one of the most prized IDs: a Green Card. There is no lottery involved when it comes to living the American Dream. Invest at least $800,000 and accelerate your residency in the Land of the Free within 30 to 36 months.

2.) Citizenship by Investment

For even more enhanced global mobility, we recommend Citizenship by Investment (CBI). You can expedite your eligibility for a second passport. There are eight premier CBI programmes.

Antigua and Barbuda Citizenship by Investment

The cheapest option for Antigua and Barbuda CBI is a $100,000 donation to the National Development Fund (NDF). After receiving this Caribbean citizenship within 5 to 7 months, you can qualify to apply for an Antigua and Barbuda passport. This affords you visa-free travel to over 150 countries.

Dominica Citizenship by Investment

Another Eastern Caribbean island with a Citizenship by Investment Programme is Dominica. While processing time is shorter, between 4 and 5 months, a Dominican passport is less powerful than an Antigua and Barbuda one. The minimum investment is also $100,000.

Grenada Citizenship by Investment

On the Spice Island, the minimum price of Citizenship by Investment increases to $150,000. However, you will have to wait at least 8 months and at most 11 months to receive your Grenada citizenship. A downside is a passport with fewer than 150 visa-free countries whilst an upside is the chance to add unmarried siblings to your application as dependants, along with a spouse, dependent children, and dependent parents.

Maltese Exceptional Investor Naturalization

Malta is unique in that it offers both Residency and Citizenship by Investment, MEIN alongside MPRP. There is a minimum requirement of $600,000 and a processing time of 16-18 months. Your reward for waiting is eligibility to acquire one of the world’s strongest passports, offering visa-free access to 190 countries.

St Kitts and Nevis Citizenship by Investment

The Eastern Caribbean’s St Kitts and Nevis run the world’s oldest CBI programme. It was launched in 1984 and you enhance your global mobility by making a $250,000 Sustainable Island State Contribution (SISC). 8 to 9 months down the line, you’ll be able to apply for a St Kitts and Nevis passport.

St Lucia Citizenship by Investment

Another Caribbean island to look beyond tourism as a way of boosting its GDP is St Lucia. The minimum required investment is $100,000. Your route to be able to apply for a St Lucia passport starts at 7 months and ends at 8.

Turkish Citizenship by Investment

What Türkiye CBI guarantees is the chance to take your global mobility up an extra notch. For $400,000 minimum investment, you become eligible for a passport offering visa-free access to 114 countries. We estimate processing time to between 4 and 6 months.

Vanuatu Citizenship by Investment

Our final recommend CBI programme is the one made available by the Pacific nation of Vanuatu. While you can receive citizenship in as little as 2-3 month, you become entitled to a passport that secures visa-free travel to less than 100 countries. You need to invest at least $130,000 in Vanuatu to qualify for citizenship there.

3.) Citizenship by Descent

Years of migration have shaped the world we live in today. Latitude Group can help discover if there is any buried treasure hidden in your family tree. Could Citizenship by Descent (CBD) be the well-trodden path you take to obtain a second passport?

Austrian Citizenship by Descent

In Austria, the focus of their CBD Programme is firmly placed on redressing history’s wrongs. This specifically relates to Nazi persecution of victims that 1-3 generations down the line can lead to the chance to settle in this European country. Processing times varies between 4 and 6 months, and you then qualify for a passport offering visa-free access to 191 countries.

Irish Citizenship by Descent

The Emerald Isle has long been a favourite of Americans reclaiming their Irish heritage. Irish CBD allows applications from generations 1 to 3 removed. In return, you become eligible for a passport guaranteeing visa-free travel to 189 countries.

Italian Citizenship by Descent

Mamma Italia is another prominent figure in the lives of many US citizens. So Italian CBD is a popular route to a European passport. Within 2 to 24 months, you’ll qualify for a travel document securing visa-free access to 192 visa-free countries.

Polish Citizenship by Descent

Poland, thanks to an EU membership dating back to 2004, offers CBD applicants another strong passport. You can travel to 187 countries without a visa. This extra global mobility is available to after a processing time that can take anywhere between 1 and 2 years.

Portuguese Citizenship by Descent

You can become a Portuguese citizen via descent in one of three ways. Either, 1.) have a Portuguese parent or grandparent, 2.) establish belonging to a Sephardic community of Portuguese origin, or 3.) be a national of an ex colony of Portugal. By claiming your ancestral rights, you qualify to apply for a passport offering visa-free travel to 189 countries.

Taking the First Steps to Boosting Your Global Mobility

Residency by Investment, Citizenship by Investment, and Citizenship by Descent are best explored with an expert guide by your side. Latitude Group is a leading investment migration specialist. So, don’t delay and contact us today.