WEBINAR: Current Trends and Updates of Dominica Citizenship with Council a.h. of the Commonwealth of Dominica

WEBINAR: Current Trends and Updates of Dominica Citizenship By Investment with Council a.h. of the Commonwealth of Dominica

Webinar | Industry Experts Opinion | Wednesday, 20 October 2021 @ 1pm GMT

Speakers:

• Christos Vadrikos – Consul a.h. of the Commonwealth of Dominica
• Evgeny Pavlov – Chief Executive Officer, Mann’s Solutions, Investment Migration Firm, UK

Date: Wednesday, 20 October 2021
Time: 1.00pm GMT

The #event will give you #exclusive insights into the key industry trends and themes explored in the Webinar of the Mann’s Solutions #IndustryExpertsOpinion.

#Register for WEBINAR free here: https://bit.ly/3v53DZx

 

LONDON BASED SOLUTIONS ADVISERS – Caribbean Citizenship

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 are 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 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.

5 Main Benefits of Grenada Citizenship by Investment Program

5 Main Benefits of Grenada Citizenship by Investment Program

Grenada passport for overseas citizens carries a range of benefits that extend beyond diversifying your portfolio or visa-free access to more than 140 worldwide destinations.

Obtaining a second citizenship often is a long and expensive process due to due diligence and legal casework along with property investment, so it’s important to know how it benefits applicant and their unique situation or goals. Manns Solutions would like explore five ways a Grenada passport for overseas citizens to brings important points and detailed benefits of the immigration by investment program.

 

  1. Applicant can bring their Family

The applicant can bring the family together and obtain Grenada passport. There are a few specifications as to the distance of a relative and their age, such as that no child aged 30 and over is included on the citizenship application. After applicant received Grenada citizenship, any new spouse or a new-born can also be granted citizenship by investment. Then they are also able to add their parents and parent in-laws on the same application.

 

  1. Availability of Dual Citizenship for Generations

Grenada citizenship by investment can be passed down to generations and applicant’s children can carry that citizenship as well. Moreover, there is no residency requirement to gain or maintain your status as a citizen and an applicant don’t have to renounce their prior citizenship as well.

 

  1. Visa-free Access to Travel Globally

One of the main benefits of a Grenada passport is bypassing the struggle for a travel visa altogether, including UK Visitor Visa and E-2 USA visas. After obtaining a Grenada passport, applicant gain global mobility and visa-free travel to over 140 countries, including China, Russia, the European Union, the Caribbean, the Schengen countries, the Commonwealth Nations.

 

  1. Tax Exemptions & Tax Planning

Regarding Grenada passports who concerns about tax planning with obtaining new citizenship, that concern is quickly diminished. Grenada citizens has low tax regime that safeguards citizens from extra taxes such as

  • Gift taxes
  • the Inheritance tax
  • Capital gains taxes
  • Wealth taxes
  • Overseas Income taxes

 

  1. E-2 Visa Access to the USA

One important benefit to a Grenada citizen has its a pathway to an E2 USA visa. E2 USA Visa allows applicant to set up a business, or work for a company in the United States, children under 21 to have access to esteemed education facilities, and their spouse is also able to work.

The E2 USA visa allows applicant to live in the United States for as long as their business efforts meet the criteria and the visa itself can be extended indefinitely if applicant continue to meet those requirements.

 

LONDON BASED SOLUTION ADVISERS – Grenada Citizenship

Full Support with our Solution 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.

Full Guide on Saint Lucia Tax System

In Saint Lucia, both persons and registered companies are subject to personal and corporate income tax. Read our article about St. Lucia Tax System below.

Personal income tax in Saint Lucia

It can be stated that any individual residing in St. Lucia as a tax resident is taxed on all income generated within Saint Lucia. Foreign income, brought into the nation during their residency period is also taxed, this income tax rate is calculated on a scaled bracket meter. The minimum taxable financial income is set at 18,000 XCD.

Tax rates:

  • Income up to 10,000 East Caribbean Dollars – 10%;
  • 10,000 to 20,000 – 15%;
  • 20,000 to 30,000 – 20%;
  • over 30,000 – 30%.

On the other hand, Saint Lucia citizens are not subject to wealth or withholding tax. Additionally, there is also no capital gains tax and no tax returns that must be filed in that regards either.

Talking about people living in the country who generate income from international business, they are only taxed on that income if it is entered into St. Lucia.

Income tax for companies in Saint Lucia

Talking about corporate tax, the companies are taxed at a flat rate of 30%.

On the other side, companies that are considered non-resident, are liable for corporate tax on local income and interest and are taxable at a flat rate of 25% withholding tax. Also, a withholding tax rate of 15% applies to interest. In Saint Lucia, companies are not subject to capital gains tax.

Property tax

Residential property in Saint Lucia is subject to a meager of 0.25% of their fair market value tax. Commercial property on the other side is subject to a 0.4% rate.

What benefits offer the program?

Saint Lucia Citizenship Program lets obtain a second passport in just 3-4 months. The physical residence is not required, and the passport can be easily obtained remotely. The whole family including spouse, children, and parent can apply for citizenship. Saint Lucia’s tax regime claims no tax on income, wealth, and inheritance which is beneficial for high net-worth individuals and their families. In addition to that, there’s a short investment period of 5 years.

What are the program investment options?

To become a St. Lucia resident, the investor is required to choose one of the following investment options:

1, $100,000 – Non-refundable donation to the government fund

$100,000 – Contribution to the NEF (National Economic Fund) is non-refundable. The donation amount may vary based on the number of dependents included in the main applicant’s application.

$100,000 – $150,000 – To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000, $140,000 for a family of 2, and $150,000 for a family of up to 4 members.

2. $300,000 Real Estate Investment

$300,000 – Real Estate option should be approved by the government. The property can be sold in 5 years

3. Investment of $250,000 in government bonds

$250,000 – $250,000 for a single applicant, investment term 5 years. $250,000 for the main applicant and spouse, investment term 6 years. $250,000 for a family of up to four, investment term 7 years.

$300,000 – for a family of up to four, investment term 5 years

In which properties should I invest if I choose the property investment option?

Mann’s Solutions team recommends investing in residential properties, resorts, or boutique hotels that are approved by the local authorities. Many investors choose to invest in hotels as St. Lucia has a well-developed tourist industry.

LONDON BASED SOLUTIONS ADVISERS – St Lucia Passport

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.

Photo by Corinne Kutz on Unsplash

List of Required Documents For USA Residency EB-5 Visa Program

The USA remains one of the most sought-after destinations for investors as the country offers a great business-friendly environment, great supply chains, good infrastructure, high quality of life, and perspective workforce factors. To make the application process easier for our clients, Mann’s Solutions team decided to prepare a general list of documents required for the EB-5 Visa application. 

General List of Required Documents for EB-5 Visa Application

Required Documents from the Investor:

  • copy of the Passport
  • copy of the birth certificate
  • investor’s CV
  • copies of all diplomas, degrees, awards, and other professional certifications
  • copy of marriage certificate (if you have one)
  • copy of Social Security card (if you have one)

Business Related Documents: 

  • prepared competitive business plan
  • W-2 and I-9 forms for workers that are already hired
  • all payroll records
  • list of employees and job descriptions
  • business entity documents
  • list of the company’s shareholders
  • partnership agreement
  • list of limited partners
  • operating agreement

Documents Related to the Source and Path of Funds:

  • individual tax returns for the past 5 years
  • copy of bank statements

If your source of funds is coming from the sale of a property:

  • copy of purchase and sale agreement

If your source of funds is coming from owning a business:

  • copy of the company’s balance sheets
  • company tax returns for the last several years
  • letter from the company’s accountant
  • letter from investors describing their employment history

If your source of funds is coming from a loan:

  • copy of the actual loan document
  • copy of bank statement of EB-5 investor

What do you need to know about USA EB-5 residency program?

USA EB-5 Visa for Investors, permanent residency program grants the right to live, work, and study in the United States and give US Residency (conditional green card) in 12 months. EB-5 is an efficient route to permanent resident status in a short period. The whole family including children under 21 can apply for Green Card and qualify for US Citizenship after 5 years. The EB-5 Visa requires investing $900,000 in a government-approved business.

The USA remains one of the most sought-after destinations for investors as the country offers a business-friendly environment, high quality of life, great supply chains, good infrastructure, and perspective workforce factors. It can be stated, that the nation’s diversity and openness are what truly allow businesses from all over the world to find their place in the market – and thrive.

Program Benefits

USA EB-5 Visa for Investors, permanent residency program grants the right to live, work, and study in the United States and give US Residency (conditional green card) in 12 months. EB-5 is an efficient route to permanent resident status in a short period of time. The whole family including children under 21 can apply for Green Card and qualify for US Citizenship after 5 years. The EB-5 Visa requires to invest $900,000 in a government-approved business.

Investment Options

General Requirement

– No criminal record

– 18+ age

– Reliable investment sources

Minimum investment $900,000

– Investment should create 10 full-time jobs

– EB-5 center must be compliant with USCIS requirements

LONDON BASED SOLUTIONS ADVISERS – USA EB-5 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.

How to Choose the Property for Investment in Dominica?

To help our clients choose the right property location for the investment in Dominica, Mann’s Solutions has prepared a detailed guide on How to Choose the Property for Investment in Dominica.

What are the main reasons to buy property in Dominica?

· The property prices are lower than on many other Caribbean islands

· Great mild weather

· Relaxed pace of life

· Get the Dominica passport for the whole family after buying the property

· Beautiful untouched Caribbean nature

· Low-cost high-quality living

· No taxes on gifts, inheritance, property or capital gains 

Where to buy property in Dominica?

There are many real estate properties approved by the government under Dominica Citizenship Program. Most of them are offering you options such as villas, hotels, luxury resorts, eco-lodges, and condos. To narrow down the property location options, Mann’s Solutions has prepared a list of the best locations to buy property in Dominica.

Best locations to buy property

Portsmouth

 Surrounded by extinct volcanoes and parks, Portsmouth is the second biggest city in Dominica. The area is highly recommended for diving, whale-watching, and boating as well as offers plenty of outdoor activities. Besides, Portsmouth has some of the most beautiful beaches on the island and magnificent coral reefs for snorkeling trips. Comparing to Roseau (the capital of Dominica), the place is much more relaxed.

Marigot

 Marigot is perched on the hills and provides breathtaking views of the Caribbean sea and the island. The North-Eastern coast of Dominica offers not only unspoiled greenery, beaches, and rivers, but also many restaurants and hotels with top-class food and housing. There are many beachfront and hill-side houses available for sale. Moreover, Dominica Airport is located in Marigot, which is convenient for occasional visitors.

Around Roseau

Roseau is the vibrant capital that faces the Caribbean Sea, the city and surrounding area have a lot to offer. 18th-century French quarters are famous for their architecture style, restaurant, local shops, and busy bars. One of the largest outdoor markets in the Caribbean is also located there, offering plenty of tropical fruits, herbs, and vegetables. For those, who want to enjoy the pace of the city and live by the Caribbean sea, Roseau is the perfect place.

Photo by Reiseuhu on Unsplash

LONDON BASED SOLUTIONS ADVISERS – Caribbean Citizenship

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 are 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 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.

Overview of European Golden Visas 2021

There are a number of countries that offer European Golden Investor Visas in Europe, which result in residency and further in the citizenship of the European Union. To make easier your application process, Mann’s Solutions team prepared an overview of European Golden Visas.

Overview of European Golden Visas

Portugal Golden Visa

The Portuguese Residence Permit Program or Portugal Golden Visa 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 Golden Visa or 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 travel without visa to all Schengen Zone countries and gives access to high-standard education.

Malta Residency

Malta Residency program is a perfect fast-track choice for acquiring EU residency for the whole family. The program offers permanent residency in 3-4 months and lets the applicant and his family travel without a visa throughout Schengen Zone countries. The investment options start from €150,000. The funds received through the program are used in the public interest (for example for the advancement of education, innovation, social purposes, research, justice and the rule of law or the environment and public health).

Program Benefits

Malta residency by investment grants the applicant a 5-year residency permit that can be renewed indefinitely after this period if the applicant maintains a Maltese address. The Program does not require residence before or after the residence permit has been granted and lets investor and investor family travel without a visa to Schengen Zone countries. Moreover, Malta Residency Program grants the whole family access to high-standard education and an easy application process for obtaining a work permit.

Spain Residency

Spain Residency by Investment program is a perfect choice for acquiring European Union Residency for the whole family. The program provides 4 investment options starting from €500,000 and does not require a mandatory stay, unless the permit holder applies for permanent residency and citizenship.

Program Benefits

With a minimum investment of €500,000, the Spanish residency program, grants applicant an initial 2-year residency permit that can be renewed every 5 years after the expiration and let’s apply for citizenship after living in a country for 10 years. It is not required to live in Spain to maintain and renew Residency Permit, however permanent residency and citizenship route requires the applicant and applicant’s family to reside in Spain. Besides, the program lets travel to Schengen Zone for 90 days without a visa and work in Spain.

Irish Residency

Irish Residency or Irish Immigrant Investor program is a perfect choice for high net worth individuals and provides 4 investment options starting from €500,000. The Irish Residency Program is open to non-EEA nationals and lets the applicant and his family obtain a secure residency status in Ireland which can further lead to European Union Citizenship.

Program Benefits

Irish residency by investment grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only one day a year visit to Ireland to keep the permit and opens 177 visa-free destinations for an applicant and the applicant’s family. Irish Residency Program does not require proof of English for initial applicants and in addition to that grants the whole family access to high-standard education.

Greece Residency

Greece Residency Program is a low-cost route to obtain European Union residency for the investor and investors family. Greece Residency Program investment options start from €250,000 with a residency permit granted for 5 years. The fast application process takes only 60 days after which the whole family can travel without a visa within European Union and apply for Greek Citizenship after a set period.

Program Benefits

Greece Residency by Investment program, grants applicant with a 5-year residency permit and let’s apply for permanent residence and citizenship after this period if the applicant has spent at least 180 days per year in Greece and 7 consecutive years in the country. The program lets the whole family travel to European Union countries for 90 days and grants access to a high standard of education and living. In addition to that, there are no residency requirements.

Cyprus Residency

Cyprus Residency program is an ideal route for obtaining a PRP (Cypriot Permanent Residence Permit) in just 2 months. The program requires a €300,000 investment, that 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..

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.

LONDON BASED SOLUTIONS ADVISERS – European Golden Visas

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 are 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 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.

Photo by Philip Jahn on Unsplash