The Property can only be used once to qualify for Turkish Citizenship According to New Regulations

On Monday, the Turkish Government amended its Guideline Regarding the Regulation on the Application of the Turkish Citizenship Law. According to the Turkish Citizenship New Regulations, the same property can only be used once to qualify for Turkish Citizenship. The main aim of the new rules is to prevent self-serving developers from “recycling”.

Turkish Citizenship New Regulations and Guideline “Transactions Between Foreigners”, introduced new conditions for both the property and the purchaser:

• The Property must not be registered in the land registry on behalf of foreign real persons, including the foreign person’s spouse or children.

• Should not be among the properties transferred to a Turkish citizen/company after 12.01.2017 by the foreign real person who wishes to acquire citizenship, or its spouse and children, or by a foreign real person of the same nationality. 

However, if the property registered in the name of a foreign real person is transferred to a Turkish citizen/company after 12.01.2017, a foreign real person of a different nationality can acquire citizenship with said property. 

According to Turkish Citizenship New Regulations, property to be acquired by a foreign real person that is subject to the sale or preliminary sales agreement should not be registered:

• On behalf of the company where the foreign real person himself/herself, his/her spouse and children is a partner or manager.

• On behalf of the company subject to Article 36 of the Land Registry Law (with foreign/international capital) where same nationality real person is a partner. 

After a property has been used to acquire citizenship through a title deed transfer or a preliminary sales contract, the same property or any share of the property cannot be used to acquire another citizenship. 

Turkish Citizenship by Investment Program 

Turkey Citizenship by Investment program lets obtaining a second passport within 2 months and has low entry investment options starting from $250,000 for the entire family. No physical presence is required to obtain citizenship and there are no obligations to declare the applicant’s assets or income generated in other countries’ application process. The booming real estate market in Turkey provides potential investors with a truly overwhelming choice of property and buildings for sale of any type and any budget.

Lying partly in Asia and partly in Europe, Turkey occupies a unique geographic position, that throughout history acted as both a bridge and barrier between the continents. Turkey is a predominantly mountainous country, full of resorts with beautiful beaches and crystal clear water. Ancient cities like Istanbul and Ankara with their rich history and traditions make Turkey a truly unique Eastern point.

The Main Benefits of the Turkish Program

Turkey Citizenship By Investment program grants the applicant and applicant’s family visa-free access to more than 115 countries including Singapore, Japan, Qatar, and South Korea. The program allows dual citizenship and does not require residency, the whole process can be obtained remotely. Turkish citizenship can be acquired also by the spouse and children of the main applicant and is transferable to descendants. The applicant also will be able to relocate and establish a business in the US under the USA E-2 Investor Visa.

Turkish Citizenship Investment Options

1.Property Acquisition From $250,000

• Acquire residential or commercial property with a deed restriction not to sell for 3 years from the date of purchase, Investors have the right to acquire several properties, as long as the total amount complies with the requirements.

• The property can be let for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship. The same property cannot be used twice to qualify for Turkish Citizenship.

2.Capital Transfer From $500,000

• Fixed-asset investment confirmed by the Ministry of Industry and Technology OR

• Deposit $500.000 cash in a Turkish bank for a minimum of 3 years OR

• Buy government bonds with the potential to receive interest as income, Investments to be kept for 3 years.

3.Creation of 50 Jobs or Business Investment

• Set up business and create jobs for at least 50 Turkish employees.

 

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

• Property search based on your requirements (from residential properties to high-value luxury developments)

• Property virtual tours, 3-D tours and in-person tours available.

• Due diligence checks and additional property checks completed by our experts.

• Residency & Citizenship document preparation and submission.

• Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Cyprus Residency Program Introduces New Investment Options

This week, the government of Cyprus published amendments to the Cyprus Residency Program (CPRP). The amended permit still applies not only to the main applicant, but also to the spouse, children under 25 (who are not married and are studying at university) and parents of the main applicant and spouse.

The minimum amount of the investment will remain the same – EUR 300,000 (plus VAT if applicable), however the new investment options are introduced:

Investors now will have the option to invest not only in residential property, but also in commercial properties, including offices, shops, and hotels (which can be new or resale). Also, the applicant will be able to invest in the share capital of a Cyprus company. This will require having a physical presence and activities in Cyprus, as well as employing at least five people.

The last new investment option is investment in compartments of Cypriots UCITS (AIF, AIFLNP, RAIF).

The applicant should prove a secure annual income (including salaries from employment, pensions, dividends, fixed deposits, rentals) of at least EUR 30,000, increased by EUR 5,000 for every dependent person (spouse and children) and by EUR 8.000 for every dependent parent or parent-in-law.

It is no longer required to have a pledged deposit in a Cyprus bank account. Moreover, the applicants should confirm that they do not intend to undertake any sort of employment in Cyprus (besides the position of Director in the company in which they have chosen to invest), however the applicants can be shareholders.

Cyprus Residency Program Overview

Cyprus Residency program is an ideal route for obtaining a PRP (Cypriot Permanent Residence Permit) in just 2 months. The investment is safe and and profitable, the property can be rented and investor can gain regular rental income. The Residency program does not require physical presence and lets the whole family apply for Cyprus Citizenship in 5 years. Cyprus offers more than 320 days a year of sunshine, beautiful scenery and beaches and mild climate.

Entrepreneurship also thrives in the country as government officials are working tirelessly to curtail government bureaucracy. Procedures for business owners have been streamlined and made easy to remove delays and excess costs. Beside, Cyprus offers favourable tax regime, as there are no tax on worldwide dividends, interest, inheritance or income tax.

Program Benefits

Cyprus Residency by Investment Program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program does not require to reside in Cyprus, however the permit holders must visit the island at least once in 2 years to keep the permit. In addition, Cyprus Residency Program lets investor obtain regular rental income from letting the property.

Investment Options

1.Property investment from €300,000

• Brand new residential property purchase from property development company (property can be rented)

• It is also possible to invest in commercial properties, including offices, shops, and hotels (which can be new or resale).

2. Invest in the share capital of a Cyprus company

• This will require having a physical presence and activities in Cyprus

• At least 5 people should be employed

3. Investment in compartments of Cypriots UCITS

• UCITS is a mutual fund based in the European Union

• The investment can be made in AIF, AIFLNP, RAIF.

More requirements:

• Clean criminal record

• Secure annual income evidence (including salaries from employment, pensions, dividends, fixed deposits, rentals) of at least EUR 30,000, increased by EUR 5,000 for every dependent person (spouse and children) and by EUR 8.000 for every dependent parent or parent-in-law.

 

LONDON BASED SOLUTIONS ADVISERS – Cyprus Residency by Investment

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

Property virtual tours, 3-D tours, and in-person tours available.

Due diligence checks and additional property checks completed by our experts.

Residency & Citizenship document preparation and submission.

Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Portugal Golden Visa: What you need to know about Portugal Non-Habitual Tax Resident Regime

What is the Portugal Non-Habitual Tax Resident Regime?

The Portuguese Non-Habitual Tax Resident regime, also known as NHR is a tax regime that was created to improve the international competitiveness of Portugal.

Mann’s Solutions team has prepared a list of the main advantages for our clients to make the application process easier. The NHR regime targets non-resident individuals, who are likely to establish a permanent or a temporary residence in Portugal.

Who can apply for the Portuguese NHR regime?

Individuals who become residents in Portugal for tax purposes, without having been so in the previous five years.

What are the main reasons to consider taking personal residence in Portugal?

The Non-Habitual Tax Resident regime grants an exemption on foreign source income. Besides, the regime grants limited taxation on income deriving from high value-added activities. The Portugal Golden visa also allows non-EU investors and their families to travel to the entire Schengen area.

What is considered a Qualifying Income?

Qualifying income includes pension, dividends, royalties, and interest income. As well as any professional income from high value-added activities, which benefit from a special flat tax rate of 20%.

What are the requirements?

To benefit from the tax regime, the person has to become a Portuguese tax resident, not having been a tax resident in Portugal in the previous five years.

For how long is the Status granted?

This status is granted for 10 years.

 

The Key Benefits of Portugal Non-Habitual Tax Resident Regime

Possibility to earn income on your overseas wealth – tax-free, or at a preferential rate of tax.

Dispose of your overseas assets tax efficiently or using tax exemptions.

Protection and growth of overseas wealth in a tax-efficient/tax free white listed jurisdiction.

Opportunity to pass on your wealth without inheritance or gift taxes (including to the family members like children and/or spouse).

Possibility to enjoy retirement without tax on the overseas pension.

Flat rate of tax of 20% on the salary received in Portugal.

Portugal Golden Visa Program Overview

The Portuguese Residence Permit Program grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include the creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built.

Program benefits

Portugal residency by investment program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit. Portugal residency allows the whole family to travel without a visa to all Schengen Zone countries and gives access to high-standard education.

Qualifying Investment Options

  1. Property investment from €280,000

  •  €500,000 – purchase residential or commercial real estate (€400,000 – the reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas).
  •  €350,000 – purchase residential or commercial real estate over 30 years old requiring renovation. (€280,000 – a reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)
  1. Creation of 10 Jobs or Business Investment

  •  Create a minimum of 10 new jobs OR
  •  Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs
  1. Capital Transfer From €1,000,000
  •  Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.

LONDON BASED SOLUTIONS ADVISERS – Portugal Golden Visa

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

China, Russia, Hong Kong, and USA are among the top UK Tier 1 Investor Visa applicants

In Q4 of 2020, officials of the United Kingdom has processed 64 Tier 1 Investor Visa UK applications in total. Taking these numbers into consideration, it can be stated that the overall number of applications is lower than in Q3. The interesting point is that Chinese, Russian, Hong Kong, and American investors are among the top Investor Visa applicants.

Requirements

Tier 1 Investor visa UK is the UK immigration category for non-EEA nationals, who are able to invest £2,000,000 in the UK. To be eligible for the Tier 1 Investor Visa application, the Investor should meet the following requirements:

· Investor must be from outside the European Economic Area (EEA) and Switzerland

· Investor must be 18 years old or over

· The applicant should have access to at least £2,000,000 in investment funds, which has been held for a consecutive 2-year period

· There are no English language requirements for initial application

· No individual maintenance requirement

· The applicant and any adult dependents will need to provide an overseas criminal record certificate for any country that they have lived in for at least 12 months in the last 10 years

· The investor can both work and study

To make sure your UK Tier 1 Investor Visa application runs smoothly, Mann’s Solutions recommends consulting with our immigration advisers, as the application process and approval can be challenging due to the strict requirements and checks. 

 

Contact our Immigration Lawyers – UK Business and Corporate Visas

Mann’s Solutions isan international immigration law firm with offices in London, Hong Kong, and Moscow. We are specialised in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers are regulated by OISC (Office of the Immigration Services Commissioner) and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207993 63 46.

Join Our Free Webinar ‘Business Visas and Settlement in the UK’

On 25 March 2021, at 12.00 London time, we are hosting a Free Webinar Business Visas and Settlement in the UK.

What we will talk about at the Webinar?

– How to set up a business, branch or subsidiary company in the UK?
– What are the Sole Representative Visa, Innovator Visa, Investor Visa and Startup Visa?
– How can the whole family move to the UK?
– How do I get permanent residence status in the UK after 5 years?
– How do I get a British Passport after 6 years?

PLACES ARE LIMITED, THEREFORE, TO SECURE YOUR PLACE, YOU CAN REGISTER FOR THE Webinar Business Visas  HERE.

All webinar participants will receive:

– A FREE Guide to the Next Steps in the UK (after obtaining the Visa)
– A FREE 15 minute telephone consultation
– General list of documents required for the visa you have chosen

 Contact our Immigration Lawyers – UK Business and Corporate Visas

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow. We are specialised in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers are regulated by OISC (Office of the Immigration Services Commissioner) and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Last Chance to Apply for Montenegro Citizenship Program

Recently, the government of Montenegro decided to stop granting Montenegro citizenship to wealthy foreign investors. The main reason for this decision is that the European Union, which Montenegro wants to join, does not approve the program. The citizenship program is expected to last until the end of the year, which means that now is the perfect time to apply.

Being a Balkan country, Montenegro is known for its beaches along Adriatic Coastline, magnificent mountains, and medieval villages. Along 293 kilometers of coastline, the country has more than 115 beaches, coastal churches, and national parks which are popular among tourists. At the moment, Montenegro is not part of the EU, however, it is located geographically in Europe and is striving to meet the EU requirements for accession, which is expected by 2025.

Montenegro Citizenship Overview

Limited to only 2,000 applications, Montenegro Citizenship by Investment Program, launched in 2019, offers one of the fastest routes to acquire alternative citizenship for investors and their families. The investment options start from €350,000 which makes the program the most affordable route to a European passport, providing its holder with visa-free access to 122 countries in 3 months.

The Benefits of the Program

Montenegro Citizenship by investment program grants the applicant and applicant’s family visa-free access to more than 122 countries including the European Union. The program allows dual citizenship and has one of the lowest personal income tax rates in the world 9-11%. The EU citizenship can be acquired also by the spouse, children, and dependents of the main applicant as well as physical residency is not required to obtain citizenship. In addition, E-2 Treaty, lets Montenegro citizens set up a business and live in the United States.

Montenegro Program Investment Options

International investors are required to make a government contribution of €100,000 to a special fund for the advancement of underdeveloped areas, and to invest in government-approved real estate projects in the country to the minimum value of €250,000. Total capital requirements must equate to €350,000 when buying a property in an undeveloped region, and to €550,000 in a developed region of Montenegro.

1. Investment from €350,000

 €100,000 – non-refundable contribution in the form of a government fund donation

 €250,000 – real estate investment in an undeveloped region (northern and central regions of Montenegro, excluding Podgorica)

2. Investment from €550,000

 €100,000 – non-refundable contribution in the form of a government fund donation

 €450,000 – real estate investment in a developed region (South of Montenegro, capital of Podgorica and the coastal regions)

LONDON BASED SOLUTIONS ADVISERS – Montenegro Citizenship Program

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

 • Property virtual tours, 3-D tours, and in-person tours available.

 • Due diligence checks and additional property checks are completed by our experts.

 • Residency & Citizenship document preparation and submission.

 • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.