There are two investment options for this citizenship program:
Applicants may qualify for citizenship through a contribution to the Sustainable Growth Fund (SGF).
The main applicant is required to contribute US$150,000 for himself and up to three family members. The contribution amount is US$195,000 for a family of four, including the main applicant. Each additional dependant, regardless of age is required to pay US$10,000.
Unmarried dependant children who are older than 18 but younger than 30 can also be included in the application. Similarly, dependent parents aged 55 or above may also be included.
The minimum real estate investment required by law is for each main applicant.
To qualify for citizenship through the real estate route, you must invest at least US$200,000 (resalable after 7 years) or US$400,000 (resalable after 5 years) in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The property can be re-sold 5 or 7 years after the purchase but the new buyer may not be qualified for citizenship.
Although choosing the real estate investment option means that you will be able to benefit from selling your investment and potentially make money from it, this option incurs an additional obligatory government fee. Therefore, on approval in principle of an application through a real estate investment or other approved project, the following fees also apply:
- Main applicant: US$35,047
- Spouse of the main applicant: US$20,047
- Any other qualified dependent of the main applicant regardless of age: US$10,047
Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to US$7,500 for the main applicant, and US$4,000 for each dependent of the main applicant who is over the age of 16 years.
In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).
Contact Coates Global
At Coates Global, our experts have successful helped countless investors gain global citizenship – and we are proud to maintain a 100% client satisfaction rating. From helping you choose the right investment strategy until the passport is in your hands – Coates Global keeps you informed at every stage along the way.
Contact one of our legal advisers today and we will be happy to discuss your second citizenship requirements.
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