All You Need to Know about Monaco Residency Program

Monaco Residency by Investment Program is a perfect route for high net worth individuals to obtain a home in the only zero-tax jurisdiction in Europe.

Despite being the second smallest country in the world, Monaco offers plenty of benefits to its resident, some of them are high standard of living, mild weather, security, and an absence of income or capital gains tax. In addition, Corporate tax and inheritance tax are minimal.

What advantages offers Monaco?

To the resident Monaco offers high confidentiality during the residency acquisition process, multicultural society, attractive lifestyle, and easy access to the French and Italian Riviera. Besides, there’s a very stable real estate market that offers many opportunities to investors and their families. Monaco is also well known for its high-quality sports, cultural, and education facilities.

Residency and Investment Requirements

To become Resident of Monaco the investor has to demonstrate and meet 3 base requirements:

  1. Accommodation
  2. Self Sufficiency
  3. Good Character Proof

The minimum investment amount depends on the applicant’s investment choice – real estate purchase, real estate rental, or bank deposit. Usually, the minimum investment amount starts from €1,000,000 – of which €500,000 is for real estate investment and €500,000 is for bank deposits. To meet good character requirements, the investor should present a clean criminal record of the past 5 years.

LONDON BASED SOLUTIONS ADVISERS – Citizenship and Residency Programs

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 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 Rishi Jhajharia on Unsplash

Cyprus Property Market Continues to Grow 

Over the past year, the Cyprus property market struggled as thousands of international investors were putting their purchases on hold due to the global pandemic and travel restrictions. Now, when the lockdown restrictions around the world are gradually lifted, the property market in Cyprus has begun to recover and grow again.

Being one of the most popular property investment destinations, Cyprus offers more than 320 days a year of sunshine, beautiful scenery, beaches, and a mild climate. At the moment, the property market has already reached 2018 levels and continues to grow, despite the fact that travel restrictions are still in place. The most international property purchases coming from EU countries, non-EU investors have not yet returned in significant numbers.

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 profitable, the property can be rented and an 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. Besides, 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

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).

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

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 are 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.

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UK Innovator Visa Explained

The Innovator visa is for experienced businesspersons seeking to establish a business in the UK. In most cases, the applicant will need to have access to at least £50,000 to invest in their business. Mann’s Solutions team prepared answers to the most common questions regarding the Innovator Visa.

1. Should I apply for the Innovator or Start-up category?

Our immigration advisers will help you with the right decision, as the right category will depend on your current circumstances and long-term goals in the UK. To make things clear, the Innovator route has a quicker route to settlement, however will require initial funding of at least £50,000. On the other hand, the Start-up route has a lower threshold for entry but allows more flexibility as individuals in this category are permitted to take other employment while their business gets up and running.

2. Is there an investment funds requirement?

The investor will need to have at least £50,000 available to invest in UK business and may rely on their own savings or funding provided by the endorsing body. However, the requirement to have a ‘viable’, ‘scalable’ business idea means that the investor may need to have more than £50,000 available for the investment. 

3. What do I need to know about Endorsing Bodies?

The Home Office has a list of endorsing bodies for Innovator visa applications that contains the names of all currently approved Innovator visa endorsing bodies, as well as links to their websites. To apply for a visa, the applicant will need to be endorsed by an approved UK endorsing body, Venture Capital Firms via submitting a business plan with the relevant idea, which is innovative, viable, and scalable.

Our immigration advisers can assist applicants to identify an appropriate endorsing body and then prepare a strong application for endorsement which demonstrates their business idea is innovative, viable, and scalable

4. Which endorsing body should I apply to?

The right endorsing body for your application will depend on your individual case and requirements. What needs to be considered is the field in which your business will operate, the timing of the application, location, and what support the business may require.

5. What documents have to accompany the endorsement letter?

For a new business endorsement, the endorsement letter must include the following documents:

– The endorsing body name

– Endorsement reference number

– Date of issue must be no earlier than the three months before the date of the application

– Applicant’s name, date of birth, nationality, and passport number

– Short description of the proposed business venture, products, and services it will provide

– Name and contact details of someone within the endorsing body who will certify the contents of the endorsement letter to the Home Office

– Proof the business is innovative, viable, and scalable as set out in the part W6 of Appendix W in the Rules

– Satisfy the endorsing body that the applicant will devote their entire working time to the UK developing business ventures

 6. Are there any restrictions regarding the business the investor can set up?

Your business idea may relate to any sector, provided the business idea is sufficiently innovative, viable, and scalable. Applicants can also develop other businesses as well as their main business idea.

7. How long will be valid Innovator visa once approved?

The initial Innovator visa will be granted for 3 years.

8. Will I be able to apply for ILR?

The investor will be able to extend an Innovator visa for periods of 3 years initially. There is no maximum time limit in the Innovator category. Moreover, visa holders will be able to apply for ILR (indefinite leave to remain) after spending 3 years in the Innovator visa category.

9. Are there any residency requirements for ILR application?

To qualify for indefinite leave to remain (ILR) the applicant has to spent not more than 180 days outside the UK in any rolling 12 month period, during the last 3 years prior to the application.

About Innovator Visa

UK Innovator Visa is a popular choice among our clients who want to start a business in the UK and settle within 3 years. The innovator visa category is designed for experienced businesspersons who have access to at least £50,000 to invest in their business, but certain exceptions apply. To start the company, applicants will need to have an innovative, viable, and scalable business idea that has to be approved and supported by an endorsing body.

What do you need to know?

Applicant’s partner and any children under the age of 18 may accompany or join them as dependents. Applicants can be the sole founder of their business and they can be a member of an innovator team. Each applicant must receive their own individual endorsement from an approved endorsing body, in order to satisfy the investment funds required for a new business endorsement, each applicant must have at least £50,000 investment funds each.

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 specialized 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.

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Until 31/12/2021 The Family of 4 can obtain St Kitts and Nevis Citizenship for $150,000

According to the latest news, the Citizenship of St Kitts and Nevis can be obtained by the Family of 4 for $150,000, the offer will be valid until 31/12/2021. Previously, the family of four people was required to make $195,000 contribution.

The Program is one of the oldest Caribbean citizenship programs in the world. Besides, St Kitts Tax System is highly popular among foreign investors as it’s considered to be a Tax Haven. St Kitts and Nevis Tax System for individuals is most likely one of the best in the world as there are no taxes for inheritance, wealth, global income, and gifts. 

How to Obtain St Kitts and Nevis Citizenship?

STEP 1 – Read the Program Overview Below or Contact our Solution Advisers to discuss your personal case

Being one of the most trusted and successful programs in the world, St Kitts and Nevis Citizenship Program offer fast-track routes to acquiring a second passport in 2-3 months. The passport of St. Kitts and Nevis grants visa-free access to over 156 countries, including the European Union countries and the United Kingdom. St Kitts and Nevis Citizenship Program investment options start from $150,000.

STEP 2 – Learn more about secure and profitable investment options

Choose one of the following investment options to become St Kitts and Nevis Passport holder:

  1. $150,000 — Non-refundable donation to the government fund
  • Contribution to the SGF (Sustainable Growth Fund) is non-refundable
  • The donation amount may vary based on the number of dependents included in the main applicant’s application
  1. $200,000-$400,000 Real Estate Investment
  • Real Estate option should be approved by the government
  • $200,000 – joint investment with another main applicant (each applicant pays $200,000, and $400,000 in total). The property can be sold in 7 years.
  • $400,000 – real estate investment with minimum investment period – 5 years.

STEP 3 – Our Solution Advisers will advise, collect and prepare required documentation and application

Mann’s Solutions clients are supported during each step of the application. Our trusted advisers will collect and prepare all required application documentation for each family member. Moreover, our team will prepare tailored property selection depending on your requirement. At Mann’s Solutions, our goal is to make sure that every client is 100% satisfied with the investment option and finds the perfect second home.

STEP 4 – Receive your passport

The next step after submitting the application is receiving the passport. As St Kitts and Nevis Citizenship Program offer fast-track routes, the second passport can be acquired in 2-3 months. Right after the passport is granted, the whole family can start enjoying visa-free access to over 156 countries, including the European Union countries and the United Kingdom.

STEP 5 – Our Solution Advisers guide you for the next steps of managing your investment

Once your passport is granted, our team will help you to move to the desired destination. In case the passport was obtained for investment purposes, we will carefully guide you and advise on the next steps of your investment management.

LONDON BASED SOLUTIONS ADVISERS – St Kitts and Nevis 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 available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support from 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.

Invest €250,000 in Real Estate and Obtain Greece Residency

Alongside with other European Golden Visas, Greece Residency Program popularity rapidly increases. According to an analysis from the Greek Bank, residential property prices not only held their ground but rose by 4.3%. Talking about commercial real estate, prices gained 1.2%.

What else do you need to know?

Greece Property Tax

In Greece, you are subject to taxation on a property either when you buy it or rent it out. The investor also has to pay taxes on the acquisition and pay a property tax each year.

Corporate Income Tax – 29%

Dividend WHT – 15%

VAT – 24%

Real Estate Transfer Tax – 3.09%

ENFIA (Uniform Real Estate Property Tax) – 0,0037-€11.25/sq. (principal tax)

TAP (Municipal Tax) – 0,025%-0,035%

Special Tax – 15%

About Greece Residency Program

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.

Investors in real estate in Greece must keep in mind the additional taxes on real estate which are 3%- 24%. At €250,000 + taxes and fees (just over €300,000 in total) Greece Residency Program offers one of the lowest cost residency in Europe.

Greece offers both historical legacy and modern culture. Nowadays, Greece is well-knows for its natural beauty, stunning island and incredible coastline. Also, unique geographical position of Greece, make trade between EU and Middle East and Africa convenient.

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.

Investment Options

  1. Real Estate Investment from €250,000

Residency permit for 5 years

Invest in one or several properties

The permit can be renewed for another 5 years by providing evidence that the permit holder still owns the property

2. Real Estate Lease or Timeshare from €250,000

Residency permit for 5 years

10-year lease or

Invest in a timeshare for tourist residences or hotel accommodation registered with GNTO (Greek National Tourism Organization)

LONDON BASED SOLUTIONS ADVISERS – Citizenship and Residency Solutions

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.

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Spanish Real Estate Sales are 91% higher than last year

One of the most profitable investment options of Spanish Residency Program is €500,000 investment in Real Estate. Keeping in mind that recently Spanish house sales already surpassed 2019 levels, the property market is not just recovering from last year’s slow down but is even more active than before COVID-19. Despite the lockdowns and travel restrictions, the data from Spain’s Registrars report showed that April’s house sales were 91% higher than in the same period last year.

About Spanish Residency Program

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.

Spain is one of the most attractive business markets in Europe and provides a set of competitive advantages. Few years ago, the economic growth in Spain stood at 2.6% and continue to grow yearly. The tourism sector is one of the key pillars of the country’s growth.

Spain can be considered as one of the most competitive countries in the EU. It has more than 46 million inhabitants and represents one of the top economies in the EU. Foreign investors can benefit of full access to the larger European consumer market, as well as access various aid programs applicable in the EU.

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.

Investment Options

Become a resident of Spain by choosing one of the following four qualifying investment options. The minimum investment period is 5 years.

  1. Real Estate Investment €500,000

€500,000

acquisition of property starting from €500,000

5 years

Minimum investment period

  1. €1,000,000 Shares or Businesses

5 years

Minimum investment period

The applicant has to invest in shares of Spanish companies

  1. €1,000,000 Bank Deposit

€1million

The applicant has to make a bank deposit account and transfer €1million to a Spanish bank account

Minimum 5 years investment period

  1. €2,000,000 Government Bonds

€2 million

The applicant has to invest €2 million into government bonds

5 years

Minimum 5 years investment period

LONDON BASED SOLUTIONS ADVISERS – Spanish Residency 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 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.

Photo by VJ Von Art on Unsplash