CBI Summer 2016

Page 1

issue 6


Inside This Issue... Top Ten Countries For Citizenship By Investment ‫ يلعا‬10 ‫جمانرب يف ةدئار لود‬ ‫رامثتساال اللخ نم ةنطاومال‬

Citizenship via Residency ‫المواطنة من خالل االقامة‬

Purchasing Real Estate Abroad ‫شراء العقارات بالخارج‬

In Focus ... Canada




Hungary ‫المجر‬ Malta Portugal

‫مالطا‬ ‫لبرتغال‬

Switzerland ‫سويسرا‬ Antigua & Barbuda U.S.A

‫أنتيغوا وباربودا‬

‫الواليات المتحدة االمريكية‬

United Kingdom

‫المملكة المتحدة‬


Citizenship by Investment Summer 2016

Contents Summer 2016 Features 5 Overview of Citizenship by Investment Programme........................10 Global Real Estate...........................................................................16

Country Spotlights 23 Canada............................................................................................32 Hungary..........................................................................................38 Liechtenstein...................................................................................44 Malta..............................................................................................48


Top Rated Destinations 76 Top Ten Citizenship by Investment Destinations.............................76 Top Rated Citizenship via Residency Options.................................88

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Welcome to the 2016 Summer edition of Citizenship by Investment – your resource for citizenship and residency options. In this edition we will be knuckling down and focusing in on the practical and logistical considerations the UHNWI should consider when aiming to gain secondary citizenship, be it through investment or through residency (or a combination of both). The majority of this edition we will be moving from country to country and primarily investigating the appeal and unique flavour of each. We will then advance into the technicalities of each countries citizenship and/or residency programs and offer information and advice to better educate the UHNWI on the various options available to them. We also have another fantastic Country Spotlights section and for this edition we will be focusing on the US, UK, Canada, Malta, Lichtenstein, Hungary and Antigua and Barbuda. As we know a large percentage of our readership are UHNWI from the Arab regions, we will also include Arabic translations for each country spotlight we cover. Please feel free to visit our website at www. citizenshipinvestment.org for more exclusive content and the next edition is scheduled for release in the Winter of 2016/17. We would also like to acknowledge and thank the Investment Migration Council for their media partnership at the IMC Forum in Geneva. Thank you, and please enjoy the latest edition of Citizenship by Investment.



Note from the Editor, Imran Hussain

‫ مالحظة بقلم المحرر‬- Imran Hussain ‫مرجعكم‬- ‫ من برنامج المواطنة من قبل االستثمار‬2016 ‫مرحبا بكم ف ي� عدد الصيف لعام‬ ‫للحصول عىل المعلومات الخاصة بخيارات الجنسية والإقامة‬ ‫ال� يجب عل أ‬ ‫ف‬ ‫ت‬ ‫الثرياء االخد ف ي� االعتبار عند‬ ‫ي‬ ‫ي� هذا العدد نعرض لكم المزيد من التفاصيل ي‬ ‫عل جنسية ثانية سواء كان من خالل االستثمار او االقامة (او عن طريق‬ ‫ي‬ ‫التفك� بالحصول ي‬ ‫)كال الخيارين‬ ‫ف‬ ‫ف‬ ‫عل المزيد من الدول مع توضيح المزيد من‬ ‫بحيث نلقي الضوء ي� هذا العدد ي� الغالب ي‬ �‫ ومن ثم سنتعمق ف ي‬.‫معاي� االستثمار بكل بلد وعنارص االختالف بكل نظام‬ ‫الحقائق حول ي‬ ‫ كما سنوفر المعلومات لالثرياء‬.‫المعاي� التقنية بل�امج المواطنة او االقامة ف ي� مختلف الدول‬ ‫ي‬ ‫الر ن ف‬ ‫عل المواطنة من خالل االستثمار والمزيد من النصائح حول الخيارات‬ ‫ي‬ ‫اغب� ي� الحصول ي‬ ‫المختلفة المتاحة لهم‬ ‫ بحيث سنأخذكم ف ي� جولة‬.‫وكعادتنا سنلقي الضوء تباعا عىل عوامل الجذب ببعض الدول‬ ‫قص�ة يال الواليات المتحدة والمملكة المتحدة وكندا ومالطا وليختنشتاين وهنغاريا و أنتيغوا‬ ‫ي‬ ‫ كما نقوم ش‬.‫وباربودا‬ ‫بن� ايضا المقاالت المتعلقة بعوامل الجذب بالدول المختلفة باللغة‬ ‫ن ض‬ ‫� قراءنا العرب االثرياء‬ ‫العربية ل� ي‬ ‫ف‬ ‫ت ن‬ ‫و� الخاص بنا‬ ‫ويمكنكم التواصل معنا ي� اي وقت من خالل الموقع االلك� ي‬ www.citizenshipinvestment.org ‫لقراءة مقاالتنا الحرصية ومتابعة العدد القادم المقرر‬ 17\2016 ‫شن�ه ف ي� شتاء‬ ‫كما نود أيضا أن نشكر مجلس الهجرة للإستثمار لتعاونهم االعالمي من خالل منتدي مجلس‬ ‫ الهجرة لالستثمار‬IMC ‫القائم بجنيف‬ ‫أشكركم وآمل كما هو الحال دائما أن يستمتع القراء بهذا العدد من برنامج المواطنة من‬ ‫قبل االستثمار‬


Citizenship by Investment Summer 2016

Features... I

this edition of Citizenship by Investment we n will be focusing on listing the most attractive and most beneficial options available to UHNWI looking to obtain secondary citizenships. Our first mega-feature lists the top 10 countries from the perspective of the UHNWI who are offering citizenship by investment programs. We will introduce you to the general flavour of each country and then lay out the advantages and disadvantages of investing to obtain a second passport. We also examine an alternative route in which a secondary passport can be acquired: citizenship

by residency. Once again, we discuss exactly what citizenship by residency is and why it could be a worthwhile consideration for UHNWIs. Following this, we run another list of the top countries who are offering citizenship by residency programs and give you the facts in order to best inform your decision on whether this could be a path of interest for you. Also included is an in-depth look at the topic of investing in real estate abroad: with global market instability and a backlog for many of the more desirable real estate investment locations, UHNWI are now seeking alternative countries in which they can obtain secondary citizenships.

! Imran Hussain

We guide the UHNWI through the top residency by investment programs available, many of which may not have been considered before, and lead them toward a more informed and educated decision. So if you are a UHNWI and are interested in learning more about the various opportunities through gaining secondary citizenships via investment or residency, feel free to turn the page and read on!



Investment Migration Council 16 rue Maunoir, 1211 Geneva 6, Switzerland Tel: +41 22 533 1333 Email: info@investmentmigration.org

The Investment Migration Forum 6 - 8 June 2016, Grand Hotel Kempinski, Geneva

ABOUT THE FORUM The Investment Migration Forum,

organized by the worldwide association for investor immigration and citizenship-by-investment, is the largest and most important such conference in the world. Renowned academics, government officials, representatives of international organizations, as well as the world’s leading professionals dealing with investor immigration and citizenship are gathering in Geneva for a unique global event. Be sure to ... • Network with the leading industry professionals and senior government officials • Collaborate with peers at the most important global forum • Expand your knowledge with updates from leading academics and thought leaders in the field • Enrich your insights with the latest developments in citizenship and residence programmes • Obtain 14 hours of accredited CPD

Key Topics • Investment Migration in the 21st Century • Citizenship-by-Investment Government Roundtable • Investment Migration Opportunities and Challenges for Countries • Exchange of Information and Tax Developments Affecting the Wealthy Migrant • Learning from Mistakes of Questionable and Failed Programs • US Law Enforcement and Investment Migration Programs • The Economic Impact of the Malta Individual Investor Program • The Future of Citizenshipby-Investment Plus: Plus updates and Key Developments from many jurisdictions and the IMC global offices.

Renowned academics, government officials, representatives of international organizations, as well as the world’s leading professionals dealing with investor immigration and citizenship are gathering in Geneva for a unique global event.


Advancing Investor Immigration and Citizenship

SPEAKERS The Hon. Gaston A. Browne Prime Minister of Antigua and Barbuda

Prof. Peter J. Spiro Charles Weiner Professor of Law, Temple University Law School

Timothy Mohr Principal US Financial Services, Advisory Leader, BDO USA, LLP, New York

The Hon. Dr. Joseph Muscat Prime Minister of Malta

Dr Michael Frendo Managing Director, Frendo Advisory, Former Minister of Foreign & EU Affairs (Malta), Member of the European Commission for Democracy through Law (Venice Commission)

Prof. Dr. Christian Joppke University of Berne Switzerland

The Hon. Demetris Syllouris MP President of the European Party Cyprus

Prof. Dr. Khalid Koser OBE

Vice Chairman of the Advisory Council on Migration World Economic Forum, Switzerland

Franรงois Mandeville Founder and Partner, Mandeville & Associates China

Prof. Dr. Dimitry Kochenov University of Groningen, Netherlands Princeton University, USA

Dr. Adrian Berry Chairman, UK Immigration Law Practitioners Association (ILPA), UK

Peter D. Joseph Executive Director, Association to Invest in the USA, Washington D.C.

SPEAKERS cont overleaf... }}}

SPEAKERS cont... }}} Daniel W. Levy Principal, McKool Smith P.C., Former Assistant United States Attorney, Southern District of New York (2002 to 2013)

Marnin Michaels IMCM Partner, Baker McKenzie, Zurich, Switzerland

Dr Virginie Coulloudon Director, Transparency International, Berlin

Austin Fragomen Founder and Senior Partner, Fragomen LLP USA

David Chen Managing Partner, Visas Consulting Group China

Nadine Goldfoot Partner, Fragomen LLP UK

Prof. T. Alexander Aleinikoff Columbia Law School and Global Policy Initiative, New York, Former Deputy High Commissioner, UNHCR

Prof. Dr. Philippe Foret Nazarbayev University, Kazakhstan Co-Director, SAGUF Environmental Humanities, ETH Zurich Switzerland

The Hon. Boriss Cilevics MP Citizenship and Human Rights Advocate, Member of Parliament, Riga, Latvia

Dr. Anthony van Fossen Griffith University, Australia

The Hon John McCallum MP Minister for Immigration, Refugees and Citizenship, Canada*

Nicolas Rollason Partner and Head of Business Immigration, Kingsley Napley, London

Prof. Vincent Chetail

Director, Global Migration Centre and Professor of Public International Law Graduate Institute of International & Development Studies, Geneva

Nicolas Rollason Partner and Head of Business Immigration, Kingsley Napley, London

Robert F. Loughran IMCM Partner & Head of Global Migration Section, Foster LLP, Global Texas, USA

Eugene Chow Principal, Chow King & Associates, Hong Kong

Ronald H. Klasko IMCM Managing Partner, Klasko Immigration Law Partners, LLP, New York, Philadelphia, Chicago

Veronica Cotdemiey IMCM Founder nd CEO, Citizenship Invest, Dubai

PROGRAMME Monday, 6 June } The Investment Migration Forum’s Academic Day at the Graduate Institute, Geneva

Cocktail Reception, Grand Hotel

USA and Canada – Ronald H.Klasko

Nick Maxwell, Head of Advocacy and

IMCM, Managing Partner, Klasko

Research, Transparency International,

Immigration Law Partners, LLP, New York,


Philadelphia, Chicago } Consequences of Giving Up US } The Economic Impact of the Malta


Individual Investor Programme

Marnin Michaels, IMCM, Partner, Baker

The Hon. Dr Joseph Muscat, Prime

McKenzie, Zürich

Kempinski, Geneva

Minister of the Republic of Malta

} Europe and the Current Refugee Crisis

} Government Roundtable: Investment

LLP, Global, Houston

Migration Opportunities and Challenges

Eugene Chow, Principal, Chow King &

for Countries

Associates, Hong Kong

Prof. T. Alexander Aleinikoff, Columbia University, New York; Senior Fellow, Migration Policy Institute, Washington, D.C.; Former United Nations Deputy High Commissioner for Refugees Tuesday, 7 June GRAND HOTEL KEMPINSKI } The Main Global Migration Issues Today

Prof. T. Alexander Aleinikoff, Columbia University, New York; Senior Fellow, Migration Policy Institute, Washington, D.C.; Former United Nations Deputy High Commissioner for Refugees } Visa Policy and Border Security in the context of Investment Migration

Nigel Farminer, Head of Border Security andVisa Policy, Government of the United Kingdom* } BREXIT, the Possible Breakdown of Schengen, and Investment Migration

Maria Patsalos, Managing Associate, Mishcon de Reya, London Dr Michael Frendo, Managing Director, Frendo Advisory, Former Minister of Foreign & EU Affairs (Malta), Member of the European Commission for Democracy through Law (Venice Commission) } Investment Migration Developments around the World

Asia – François Mandeville IMCM, Founder, Mandeville & Associates, Hong Kong SAR Middle East – Veronica Cotdemiey IMCM, Founder, CitizenshipInvest, Dubai Europe – Nadine Goldfoot IMCM, Partner and Head of Investor Immigration, Fragomen, London UK – Nicolas Rollason, Partner and Head of Business Immigration, Kingsley Napley, London

Robert F. Loughran, IMCM, Partner and Head of Global Migration Section, Foster

Moderator: Eric G Major IMCM, Group CEO, Henley & Partners

} Border Security and Visa Policy

The Hon. Dr Joseph Muscat, Prime

Moderated by TBC

Minister of Malta

Frederic Leger, Director, International Air

The Hon. Gaston Browne, Prime Minister

Transport Association IATA, Geneva

of Antigua and Barbuda

Jonathan Cardona IMCM, CEO, Identity

The Hon John McCallum MP, Minister for

Malta, Government of Malta

Immigration, Refugees and Citizenship,

Dr Virginie Coulloudon, Director,


Transparency International, Berlin

The Rt. Hon. Dr Keith Mitchell, Prime

Thomas Anthony IMCM, Head,

Minister of Grenada*

Citizenship-by-Investment Unit,

The Hon. Demetris Syllouris MP, President

Government of Antigua and Barbuda

of the European Party, Cyprus Minister for Immigration, Government of

} The Future of Citizenship-by-Investment


Expert Roundtable, moderated by:

} Migration and Vulnerability

Migration Council, Geneva

Bruno L’ecuyer, Chief Executive, Investment Prof. Dr Khalid Koser OBE, Executive

Julia Onslow-Cole, Global Head of

Director, GCERF, Vice-Chairman of the

Immigration, PwC Legal LLP, London

Advisory Council on Migration, World

Dr Juerg P. Steffen IMCM, Chief Operating

Economic Forum, Geneva, Switzerland

Officer, Henley & Partners

Steamboat Cruise and Dinner on

Susanne DeLint IMCM, Partner, Global

Lake Geneva

Immigration Network Leader, KPMG Law LLP,Toronto

Wednesday, 8 June } The Long and Longer Arm of US

} Investment Migration: A Global Trend,

Law Enforcement and its Relevance to

Here to Stay

Investment Migration Programs

Prof. Dr Dimitry Kochenov, Chairman,

Daniel W. Levy, Principal, McKool Smith

Investment Migration Council, Geneva

P.C, Former Assistant United States Attorney, Southern District of New York

*Invited, pending confirmation

(2002 to 2013) } Learning from Mistakes

Dr Anthony Van Fossen, Griffith University, Australia Damien Martinez, Director Governance, Risk and Compliance, Thomson Reuters, Paris Atossa Abrahamian, Journalist and Author of “Cosmopolites”, New York

Contact us for more information... Tel: +41 22 533 1333 Email: info@investmentmigration.org

Citizenship by Investment Summer 2016


Overview of C itizenship by Investment Programme

! Nico-Jan Kok


e citizenship by investment h programme allows you and your immediate family the opportunity to purchase a new nationality in exchange for investing a significant sum of money into the countries’ economy or other specific assets. The process can be completed quickly and easily and is completely legal. Within as little as six months and without even stepping foot in the country of choice, you can be granted a fresh citizenship status that will allow you to access parts of the world that were previously restricted or completely unavailable. In the wake of economic crisis and the expansion of global business, many governments are now opening their borders to the citizenship by


investment programme. Initially launched in1984 by the tiny Caribbean islands of St Kitts and Nevis, the programme has opened up many pathways to Middle Eastern investors seeking opportunities across Europe and beyond. Recognising the success that has been achieved, other countries are now following in the footsteps of the Caribbean islands as they too, search for new investors that can help stabilize and develop their economies. Although the programme is by no means a new solution to encourage economic growth, it is quickly becoming a favourable compromise to satisfy the demands of both governments searching for investment and individuals wishing to take on a global citizenship status.

With a second passport restrictions on travel or long delays due to jurisdictional issues can be completely eradicated.

Citizenship by Investment Summer 2016

At first glance it may be unclear as to all the major benefits to seeking global citizenship through multiple nationalities, but there are many advantages to be gained through what can be a relatively simple process.There are both humanitarian and financial profit to be made

through the citizenship by investment programme. Proving to be especially valuable to high net individuals who require regular international business travel and those from regions mired by turmoil. Investment programmes are proving particularly

popular with citizens from the Middle East, at last giving Arabs and Iranians the freedom to move across International borders without the complications they have faced in the past, allowing regular travel at short notice and the convince to travel visa free. }}}


Citizenship by Investment Summer 2016

With a second passport restrictions on travel or long delays due to jurisdictional issues can be completely eradicated. For citizens of countries where there is social or political unrest, access to another passport can be especially vital when making travel in and out, or around the country. But not only is travel less complicated, most importantly it is regarded to be much safer. Business executives and high net citizens, for whom international travel is imperative, encountering complications and delays whilst travelling can be costly. Citizenship and a passport from small and peaceful countries such as Antigua and Barbuda who have close ties with the United Kingdom, and will not only allow an individual and their immediate family members to travel out of the country if required, but will also act as a form of protection whilst travelling.


Of course, there are more than just safety benefits to be had from joining an ever-growing number


of global citizens who enjoy the freedom of dual nationality. Alternative citizenship also offers individuals a whole host of opportunities for reducing their taxation profiles and with many countries now placing a high tax levy on nonresidents, tax planning has become more important than ever before. Tax breaks such as tax-free income and zero tax on wealth, dependant on the country of citizenship, increases options for international tax planning and allows for more privacy with banking and investments. In addition, because investors are able to keep their original citizenship, and the nature of the worlds ever changing economic and political environment, investors shouldn’t fail to recognize that obtaining a legal second citizenship is a real opportunity for investment into future generations. Citizenship by investment programmes come in all shapes and sizes, with each country placing their own personal stamp on what is required to become recognized as a citizen. These will often include

For many countries investment alone is enough to secure citizenship, however for others it is just the beginning.

Citizenship by Investment Summer 2016

routes through business investment, investment into a national development fund or the purchase of real estate. Although all these options will give investors legal citizenship, it is only through real estate investment that they will have the additional potential of generating extra revenue with future capital gain. Programmes can vary drastically, from the relatively cheap St Kitts that requires a minimum charity donation of $250,000 US dollars or a $400,000 real estate investment. Right through to the top end of the scale where individual investors can expect to pay up to $5 million US dollars in return for Australian citizenship and government bonds.

For many countries investment alone is enough to secure citizenship, however for others it is just the beginning. While some require a term of residency others will initiate background checks and even cultural tests and interviews before citizenship can be completed. These extra procedures such as obligatory periods of residence can also be accompanied by additional tax revenue or the creation of employment opportunities for nationals. However, in some instances these residency periods can become circumstantial if a significant investment is agreed upon. In fact, most countries across the globe will facilitate citizenship if the sum is substantial enough to impact on the

country’s society, economy, sports or culture. This type of investment can, at the countries discretion, lead to the exclusion of other criteria, including that of long-term residence. With the right amount of investment and negotiation it is possible to gain citizenship wherever you require it, but without doubt, some countries are much more stringent with their laws and regulations. Nonetheless, if you’re able to remove all the complexities and the bureaucracy that is suppressing your business or threatening the safety of your family, then surely it’s worth taking the extra time to investigate into the possibility of a second citizenship.



Citizenship by Investment Summer 2016


‫‪Citizenship by Investment Summer 2016‬‬

‫نظرة عامة عىل المواطنة من خالل برنامج‬ ‫االستثمار‪:‬‬ ‫المواطنة من خالل برنامج االستثمار يسمح لك ولعائلتك الفرصة شل�اء‬ ‫ف‬ ‫كب� من المال ف ي� اقتصاد البلدان‬ ‫جنسية جديدة ي� مقابل استثمار مبلغ ي‬ ‫أو غ�ها من أ‬ ‫الصول‪ ,‬يمكن أن تكتمل العملية برسعة وبسهولة وقانونيا‬ ‫ي‬ ‫ت‬ ‫بشكل كامل‪ ,‬ف ي� غضون اقل من ستة أشهر‪ ،‬وح� من دون زيارة البلد‬ ‫ت‬ ‫وال� من شأنها أن‬ ‫الذي ستختاره‪ ,‬يمكنك أن تمنح المواطنة جديدة ي‬ ‫تسمح‬ ‫أوغ� متوفرة كليا‪.‬‬ ‫لك بالوصول إىل أجزاء من العالم كانت ممنوعة سابقا ي‬ ‫الزمة االقتصادية والتوسع ف� أ‬ ‫ف� أعقاب أ‬ ‫العمال التجارية العالمية‪,‬‬ ‫ي‬ ‫ي‬ ‫آ‬ ‫العديد من الحكومات الن تفتح حدودها أمام برنامج المواطنة عن‬ ‫الصغ�ة الواقعة‬ ‫طريق االستثمار‪ ,‬انطلقت ف ي� عام ‪ 1984‬من قبل الجزر‬ ‫ي‬ ‫ف ي�‬ ‫الكاري� من سانت كيتس‪.‬‬ ‫بي‬ ‫ال�نامج العديد من مسارات تصل إىل المستثمرين ف ي�‬ ‫ونيفيس‪ ,‬وقد فتح ب‬ ‫ال�ق أ‬ ‫ين‬ ‫ش‬ ‫الباحث� عن فرص ف ي� جميع أنحاء أوروبا وخارجها‪ ,‬إدراكا‬ ‫الوسط‬ ‫للنجاح الذي تم تحقيقه‪ ,‬فإن بلدانا أخرى تتبع آ‬ ‫الكاري�‬ ‫جزر‬ ‫خطى‬ ‫ن‬ ‫ال‬ ‫بي‬ ‫ألنها أيضا تبحث عن مستثمرين جدد يمكن أن يساهموا ف ي� تحقيق‬ ‫االستقرارها وتطوير اقتصاداتها‪.‬‬ ‫أ‬ ‫ال�نامج هو ليس بأي حال من الحوال حال جديدا‬ ‫عىل الرغم من أن ب‬ ‫لتشجيع النمو االقتصادي‪ ,‬فإنه رسعان ما اصبح حال وسطا لتلبية مطالب‬ ‫ال� تبحث عن االستثمار أ‬ ‫والفراد الر ن ف‬ ‫ت‬ ‫تول مكانة‬ ‫ي‬ ‫اغب� ي� ي‬ ‫كل من الحكومات ي‬ ‫المواطنة العالمية‪.‬‬ ‫للوهلة أ‬ ‫الوىل قد يكون يغ� واضح للجميع الفوائد الرئيسية للمواطنة‬ ‫العالمية من خالل امتالك جنسيات متعددة‪ ,‬ولكن هناك العديد من‬ ‫ت‬ ‫ال� يمكن الحصول عليها من خالل ما يمكن أن يكون عملية‬ ‫المزايا ي‬ ‫بسيطة‬ ‫نسبيا‪.‬‬ ‫ت‬ ‫ال� يمكن أن تكتسب من خالل‬ ‫هناك عىل حد سواء أرباح إنسانية ومالية ي‬ ‫المواطنة من خالل برنامج االستثمار‪ ,‬وهو ما يثبت انها ذات قيمة خاصة‬ ‫الفراد الذين يحتاجون ال السفر للقيام أ‬ ‫إىل أ‬ ‫بالعمال التجارية الدولية‬ ‫ي‬ ‫والذين يأتون من مناطق مليئة باالضطرابات برامج االستثمار تثبت‪.‬‬


‫أ‬ ‫ين‬ ‫المواطن� من ش‬ ‫بأخ�ا إعطاء العرب‬ ‫شعبية خاصة مع‬ ‫ال�ق الوسط‪ ،‬ي‬ ‫اني� حرية التحرك بع� الحدود الدولية دون المضاعفات ت‬ ‫والير ي ن‬ ‫ال�‬ ‫إ‬ ‫في‬ ‫ف‬ ‫واجهوها ف� ض‬ ‫قص� وراحة ي�‬ ‫الما� ‪ ,‬السماح بالسفر العادي ي� وقت ي‬ ‫ي‬ ‫ي‬ ‫التأخ� ت‬ ‫لف�ات‬ ‫تأش�ة‪ ,‬القيود المفروضة عىل السفر أو‬ ‫ي‬ ‫السفر بدون ي‬ ‫طويلة بسبب ي ن‬ ‫قوان� البالد المختلفة يمكن القضاء تماما عليها بجواز‬ ‫ت‬ ‫ين‬ ‫ال� يوجد فيها اضطرابات اجتماعية أو‬ ‫سفر ثان‪,‬‬ ‫للمواطن� من البلدان ي‬ ‫سياسية‪ ،‬الحصول عىل جواز سفر آخر يمكن أن يكون حيوي وخاصة عند‬ ‫إجراء السفر داخليا وخارجيا‪ ,‬ولكن ليس فقط السفر أقل‬ ‫أ‬ ‫الكث� ث‬ ‫أك� أمنا‪.‬‬ ‫يعت�ه ي‬ ‫تعقيدا‪ ،‬ولكن الهم من ذلك ب‬ ‫والمواطن� أ‬ ‫رجال أ‬ ‫ين‬ ‫الدول أمر حتمي‪،‬‬ ‫الثرياء‪ ،‬الذين لهم السفر‬ ‫العمال‬ ‫ي‬ ‫وتأخ�ات أثناء السفر يمكن أن تكون مكلفة‪,‬‬ ‫ويواجهون تعقيدات ي‬ ‫صغ�ة وسلمية مثل أنتيغوا وبربودا الذين‬ ‫المواطنة وجواز سفر من دول ي‬ ‫لديهم عالقات وثيقة مع المملكة المتحدة سوف تسمح ليس فقط للفرد‬ ‫المبا�ين بالسفر خارج البالد إذا لزم أ‬ ‫أ‬ ‫ش‬ ‫المر‪ ،‬ولكن‬ ‫ولفراد عائالتهم‬ ‫أيضا بمثابة‬ ‫شكل من أشكال الحماية أثناء السفر‪.‬‬ ‫بطبيعة الحال‪ ،‬هناك ث‬ ‫أك� من فوائد السالمة لالنضمام اىل عدد ت ز‬ ‫م�ايد‬ ‫ين‬ ‫ين‬ ‫العالمي� الذين يتمتعون بحرية جنسية مزدوجة‪ ,‬كما‬ ‫المواطن�‬ ‫من‬ ‫تقدم المواطنة البديلة أ‬ ‫للفراد مجموعة كاملة من فرص خفض ال�ض ائب‬ ‫الشخصية ومع العديد من البلدان آ‬ ‫الن تضع جباية ال�ض ائب العالية عىل‬ ‫المقيم�‪ ،‬فقد أصبح التخطيط ال�ض بي� ث‬ ‫ين‬ ‫يغ�‬ ‫أك� أهمية من أي وقت‬ ‫ي‬ ‫ض‬ ‫م�‪ .‬االعفاءات ال�ض يبية مثل الدخل المعفاة من ال�ض ائب و�ض يبة‬ ‫الصفرعىل ث‬ ‫ال�وة‪ ,‬يعتمد عىل بلد المواطنة‪ ،‬والخيارات لزيادة التخطيط‬ ‫�ض‬ ‫ي�‬ ‫الدول ويسمح لمزيد من الخصوصية مع البنوك واالستثمارات‪.‬‬ ‫ي‬ ‫ال ب ي‬ ‫بالضافة إىل ذلك‪ ،‬ألن المستثمرين قادرون عىل الحفاظ عىل المواطنة‬ ‫إ‬ ‫أ‬ ‫المتغ�ة البيئة االقتصادية والسياسية‪ ،‬يجب أن‬ ‫الصلية‪ ،‬وطبيعة العالم‬ ‫ي‬ ‫ال يفشل المستثمرين أن يدركوا أن الحصول عىل المواطنة الثانية هي‬ ‫فرصة حقيقية لالستثمار ف� أ‬ ‫الجيال القادمة‪.‬‬ ‫ي‬ ‫أ‬ ‫أ‬ ‫ف‬ ‫ت‬ ‫تأ� ي� جميع الشكال والحجام‪ ،‬مع‬ ‫المواطنة من خالل برامج االستثمار ي‬ ‫كل بلد تضع الطوابع الشخصية الخاصة بهم عىل ما هو مطلوب لتصبح‬

‫ف� أ‬ ‫العمال التجارية‪ ،‬واالستثمار ف ي� صندوق التنمية الوطنية أو ش�اء‬ ‫ي‬ ‫العقارات‪ .‬عىل الرغم من كل هذه الخيارات سوف تعطي المستثمرين‬ ‫المواطنة قانونية‪ ،‬ما هي اال من خالل االستثمار العقاري أنه سيكون‬ ‫لديهم إمكانات إضافية لتوليد إيرادات إضافية مع زيادة رأس المال ف ي�‬ ‫المستقبل‪.‬‬ ‫لل�امج أن تختلف اختالفا جذريا‪ ،‬من سانت كيتس الرخيصة‬ ‫يمكن ب‬ ‫وال� تتطلب الحد أ‬ ‫ال ن‬ ‫نسبيا ت‬ ‫الخ�ي دوالر ‪ $ 250000‬أو‬ ‫الت�ع ي‬ ‫د� من ب‬ ‫ي‬ ‫ح� يمكن للمستثمرين أ‬ ‫ت‬ ‫الفراد توقع‬ ‫‪ 400،000‬دوالر االستثمار العقاري‪ ,‬ي‬ ‫دفع ما يصل إىل ‪ 5‬ي ن‬ ‫أمريك ف ي� مقابل السندات الحكومية‬ ‫مالي� دوالر‬ ‫ي‬ ‫ت‬ ‫‪.‬االس�الية‬ ‫والمواطنة‬ ‫االستثمار ف� العديد من البلدان وحده يكفي ي ن‬ ‫لتأم� المواطنة‪ ،‬ولكن‬ ‫ي‬ ‫بالنسبة آ‬ ‫للخرين هو مجرد بداية‪ .‬ف� ي ن‬ ‫ح� أن البعض تتطلب مدة إقامة‬ ‫ي‬ ‫آ‬ ‫الخرين بدء تحريات ت‬ ‫وح� االختبارات والمقابالت الثقافية قبل يمكن‬ ‫ت‬ ‫الجراءات اضافية مثل ف�ات‬ ‫أن تكتمل المواطنة‪ ,‬ويمكن أيضا أن هذه إ‬ ‫إلزامية للإقامة تكون مصحوبة إيرادات �ض يبية إضافية أو خلق فرص‬ ‫ف‬ ‫ين‬ ‫القامة هذه‬ ‫العمل‬ ‫للمواطن�‪ .‬ومع ذلك‪ ،‬ي� بعض الحاالت تف�ات إ‬ ‫يمكن أن تصبح ظرفية إذا تم االتفاق عىل استثمارات كب�ة عليها‪� .‬ف‬ ‫ي‬ ‫ي‬ ‫الواقع‪ ،‬فإن معظم البلدان ف ي� جميع أنحاء العالم تسهل المواطنة إذا‬ ‫كب� بما يكفي ليؤثر عىل المجتمع ف ي� البالد‪ ،‬واالقتصاد‪،‬‬ ‫كان المبلغ هو ي‬ ‫والرياضة أو الثقافة‪ .‬يمكن لهذا النوع من االستثمار‪ ،‬بناء عىل تقدير‬ ‫البلدان‪ ،‬يؤدي إىل‬ ‫الخرى‪ ،‬بما ف� ذلك القامة الطويلة أ‬ ‫استبعاد المعاي� أ‬ ‫الجل‪.‬‬ ‫إ‬ ‫ي‬ ‫ي‬ ‫مع الكمية المناسبة من االستثمار والتفاوض فمن الممكن الحصول عىل‬ ‫المواطنة أينما تتطلب ذلك‪ ،‬ولكن من دون شك‪ ،‬فإن بعض البلدان ث‬ ‫أك�‬ ‫القوان� أ‬ ‫ين‬ ‫والنظمة الخاصة بهم‪ .‬ومع ذلك‪ ،‬إذا كنت قادرا‬ ‫رصامة مع‬ ‫ت‬ ‫ال� تقمع عملك أو تهدد سالمة‬ ‫اطية‬ ‫ر‬ ‫وق‬ ‫والب�‬ ‫التعقيدات‬ ‫كل‬ ‫عىل إزالة‬ ‫ي‬ ‫ي‬ ‫ف‬ ‫االضا� للتحقيق ف ي� احتمال‬ ‫عائلتك‪ ،‬فمن المؤكد أنه يستحق أخذ الوقت‬ ‫ي‬ ‫وجود المواطنة الثانية‪.‬‬

Citizenship by Investment Summer 2016

Global Real Estate


! Nico-Jan Kok


o r the past several months, the global markets have shifted into unpredictable financial territory.

Citizenship by investment programs are becoming increasingly widespread, with over 20 destinations now offering their own iterations. The pull for UHNWIs toward obtaining secondary citizenships are the host of benefits they provide such as visa-free access to a host of countries that may have been previously inaccessible to them. Nearly 60% of UHNWIs applying for secondary citizenship originate from countries in the Middle East, refer to the diagram opposite. A popular destination for residency by investment is the USA and its corresponding EB-5 program. EB-5 granted foreign investors a green card (permanent residency) if they could meet a minimum investment of USD 1 million and the investment resulted in the creation of at least 10 new jobs. This was particularly popular with Chinese investors, who amounted to over 80% of EB-5 applicants. These investors showed a preference for investing in high rise flashy architecture.














Citizenship by Investment Summer 2016

However, the demand for EB-5 investments has far outgrown the supply. With only 10,000 visas granted by the USA each year and the applications steadily following an upward trend (6,553 in 2013 | 11,744 in 2014 | 17,691 in 2015) there is a backlog of applications. Any UHNWIs looking to make a new application will have a minimum wait of 5 years before their application is even considered. Consequently, many of these UHNWI are seeking new countries in which they can invest. Here is a graph which shows the most significant regions of citizenship by investment application: Region






North America




So if you are a UHNWI looking to invest in real estate abroad, firstly, you must understand that any decision made in order to do so needs careful planning. We would recommend you hire the services of a professional law or consulting firm for advice, but before you approach anybody it is a very good idea to first educate yourself in the area. When done correctly, real estate investments can benefit the UHNWI supremely through improved asset protection and increased tax savings. There are various factors one should take into account when considering making a real estate investment abroad.

Real-estate transfer taxes are issued by almost all countries as this is one of the more reliable ways of collecting taxes, despite illegal attempts at workarounds by trying to declare a price in the official contract which was lower than the actual purchase price. One possible work around to the real estate tax laws used to be transferring it indirectly via the shares of a real estate holding company , but most countries have laws which now subject these kinds of transfers to real-estate transfer tax also. Ascertaining the laws and restrictions concerning real-estate transfer tax in your proposed country of real estate investment is a necessary step. Similarly, annual taxes are often placed on real estate because it is generally immovable property and so it is easy to locate and collect from. These charges are usually not very high, but they should still form part of your consideration during the decision making process. Some countries, such as Malta, do not charge annual real estate tax. For the UHNWI advancing in age, perhaps a consideration which will bear heavy weight on their decision will be the local inheritance and gift taxes of the country they are seeking to invest in real estate in. Rates vary wildly from country to country, from as high as 80% in Spain and as low as 0% in Bermuda. If your real estate investment is being made with the purpose of providing security for your family, then high local inheritance and gift taxes can take a hefty chunk of your investment from your family’s table. On the other hand, local inheritance laws can also be a hindrance to the UHNWI, as forced heirship rules can interfere with the UHNWI’s plans. You should be aware of the country’s inheritance laws. }}}

Citizenship by investment programs are becoming increasingly widespread, with over 20 destinations now offering their own iterations. The pull for UHNWIs toward obtaining secondary citizenships are the host of benefits they provide such as visa-free access to a host of countries that may have been previously inaccessible to them.


Citizenship by Investment Summer 2016

If after purchasing real estate abroad, rather than pass it onto your ancestors you decide to instead sell it on to another purchaser, then you should definitely look into the capital gains and other taxes that your chosen country will enforce upon re-sale. Obviously, countries with higher capital gains and other taxes enforced on real estate sales will be detrimental to your investment when it comes to re-selling your property abroad.


If you are a high profile figure, it may be in your interests for your ownership of real estate abroad


to remain confidential. Unfortunately, as we move deeper and deeper into the information age, confidentiality becomes increasingly difficult to secure. Despite this, some countries do make it easier or at least more possible to own real-estate abroad without attention being drawn to it, so again this is an area the potential UHNWI investor should research in regards to their country of choice. Another important factor is what you intend

to use the real estate purchased abroad for. Is this purely an additional investment for your portfolio, or are you purchasing with an intent to move to and reside in the purchased property? If it is the latter, you should research the immigration restrictions that your country of choice upholds. For example, if you were to purchase real estate in Florida as a foreign investor, this would be possible, but the ability to access the United States and reside inside the property would not be

Citizenship by Investment Summer 2016

guaranteed. The UHNWI must decide whether they intend to simply invest in or also to reside in the property and if it is the latter, then ensure that they meet the visa requirements of said countries. Some countries also restrict access due to periods of trade sanctions or other economic or political disturbances, so we also recommend you do your due diligence in this area.

to spend the bulk of your stay for the year in your newly purchased property, you run the risk of becoming a tax resident and being liable to pay personal tax. Many countries have double taxation treaties which will be detrimental to the UHNWI return on investment. The UHNWIs nationality may also play a role in liable they will be to additional taxation.

Finally, the UHNWI’s planned amount of time that will be spent in the country the real estate was purchased is of importance. If you are looking

We hope that this article has helped to shed some light on the issue of making real estate investments abroad and the factors which the

UHNWI should consider when doing so. As many of the more popular options, such as the USA, are backlogged for several years for new applications, it is worth considering other available countries in which to purchase real estate and using the above information to make a calculated investment decision. As always, we recommend that you do not just use the information presented but also consult a variety of other sources, including professional legal and consultancy bodies.


‫‪Citizenship by Investment Summer 2016‬‬

‫‪! Imran Hussain‬‬

‫‪unique insight which can only be found in our‬‬ ‫!‪Citizenship by Investment publication‬‬ ‫‪So please, continue on and explore what the‬‬ ‫‪countries we have featured in this edition have to‬‬ ‫!‪offer you‬‬

‫‪Country Spotlights‬‬ ‫‪Liechtenstein and Antigua and Barbuda. Be‬‬ ‫‪sure to read each location carefully and let them‬‬ ‫‪inform your decision as to where you should‬‬ ‫‪invest your money in order to receive secondary‬‬ ‫‪citizenship via investment.‬‬ ‫‪Tackled from the perspective of HNWIs who will‬‬ ‫‪be considering factors such as business, pleasure‬‬ ‫‪and security when choosing where to invest and‬‬ ‫‪possibility relocate to, these spotlights offer a‬‬

‫‪Country Spotlights‬‬

‫مقدمة حول عوامل الجذب ف ي� البلد‬


‫ف‬ ‫عل‬ ‫مرحبا بكم ي� عدد الصيف لعام ‪ 2016‬المتعلق بتسليط الضوء ي‬ ‫ف‬ ‫عوامل الجذب ي� البالد المتعددة من خالل عرض تفاصيل برنامج‬ ‫المواطنة من قبل االستثمار! كعادتنا‪ ،‬سنوفر لكم العديد من‬ ‫المعلومات الحيوية بمزيد من التفاصيل الحديثة والهامة حول تلك‬ ‫ال� تمثل عامل جذب أ‬ ‫ت‬ ‫للثرياء الذين يتطلعون إلستثمار‬ ‫البلدان ي‬ ‫‪.‬اموالهم ف ي� الخارج‬ ‫ف‬ ‫ف‬ ‫قص�ة يال الواليات المتحدة‬ ‫ي� هذه العدد سنأخذكم ي� جولة ي‬ ‫والمملكة المتحدة وكندا ومالطا وليختنشتاين وهنغاريا و أنتيغوا‬

‫وباربودا‪ .‬ولذلك عليك ان تقرأ المحتوي بعناية يك تتاكد من اتخاذ‬ ‫ال� ت‬ ‫ت‬ ‫س�غب باستثمار أموالك بها‬ ‫القرار االنسب لك حول البلد ي‬ ‫‪.‬للتمتع بب�نامج المواطنة من خالل االستثمار‬ ‫وقد تم مناقشة المواضيع من منظور أ‬ ‫الثرياء الر ي ن‬ ‫اغب� باالستثمار‪،‬‬ ‫مع مراعاة عدة عنارص اخري يجب توافرها مثل مدي مرونه قواعد‬ ‫ت‬ ‫ال�‬ ‫تأسيس االعمال التجارية وتوفر عنارص الرفاهية واالمان بالبلد ي‬ ‫سيتم االستثمار بها ونقل العيش اليها‪ .‬حيث توفر هذه المقتطفات‬

‫‪e lcome to the Country Spotlights‬‬ ‫‪section of Citizenship by‬‬ ‫!‪Investment Summer 2016 Edition‬‬


‫‪As always, we will be providing the most vital, most‬‬ ‫‪informative and most contemporary information‬‬ ‫‪regarding those countries which are of interest to‬‬ ‫‪HNWIs looking to invest money abroad.‬‬ ‫‪In this edition we will be taking in-depth looks‬‬ ‫‪at the USA, UK, Canada, Hungary, Malta,‬‬

‫ت‬ ‫ال� نتفرد بها ف ي�‬ ‫حول عوامل الجذب بالبلد بعض المعلومات ي‬ ‫!العدد الخاص بنا بب�نامج المواطنة من خالل االستثمار‬ ‫ن‬ ‫نتم� ان تستمروا بقراءة هذا العدد لتكتشفوا كل ما هو‬ ‫ولذلك‪ ،‬ي‬ ‫ت‬ ‫ال� توفرها العديد من البلدان‬ ‫‪.‬جديد حول المزايا ي‬

THE ANTIGUA AND BARBUDA CIP; PUNCHING ABOVE ITS WEIGHT IN THE INTERNATIONAL ARENA For more information on Antigua and Barbuda’s exciting CIP initiative ... visit www.cip.gov.ag/ Considered the “Heart of the

Organization of Eastern Caribbean

for processing applications and for

Caribbean” due to its strategic

States (OECS), using the Eastern

recommending the approval of real

location, Antigua and Barbuda with

Caribbean dollar as its currency. The

estate and business investment

its near-perfect climate, breath-

Eastern Caribbean dollar has been

options. The ultimate responsibility

taking coastline and investor-friendly

pegged to the United States dollar for

for the Program rests with the Office

Government, has long been an

the last forty years, contributing to long

of the Prime Minister.

attractive place to invest.

term financial stability. So what’s in it for investors? Acting

This twin-island nation of 85,000

The Government of Antigua and

CEO of the CIU, Thomas Anthony, tells

people, has been independent since

Barbuda has set a clear goal for

us how.

1981 and has established itself as a

the country to become, according to

progressive, stable and multi-cultural

its Prime Minister, the Hon. Gaston

“The ease of global travel is the most

democracy. Historically, as a result of

Browne, “the economic powerhouse”

obvious advantage,” Anthony says.

tourism and real estate, the country

of the Eastern Caribbean” and sees

“The Antigua and Barbuda passport

has experienced continuous growth

its Citizenship-by-Investment program

provides visa free travel to 133

in foreign direct investment. However,

as one of the key drivers that will lead

countries, including Canada, the UK and

more recently, financial services,

to the realization of this ambition.

the European “Schengen” countries.

tertiary education and e-commerce

With its efficient processing,

Additionally,” he continues, “with

have become significant contributors.

rigorous due diligence, wide choice

safety and security becoming areas of

Bolstered by generous Government

of investment options and the sheer

increasing concern in certain parts of

incentives, foreign investment has

physical attraction of the islands, the

the world, Antigua and Barbuda can

contributed to the rapid development

Antigua & Barbuda Citizenship-by-

offer a peaceful and stable environment

of the economy, resulting in the

Investment program is fast becoming

for families looking for a second

country having one of the highest GDP

a jurisdiction of choice.


Along with seven other states,

The Program is managed by a

Anthony also credits the country’s

Antigua and Barbuda is a member

dedicated Citizenship by Investment

popularity on its stable Westminster-

of the Eastern Caribbean Currency

Unit (“CIU”), staffed by a team of

styled democracy, well-established

Union (ECCU), a development of the

professionals who are responsible

regulatory framework and international

per capita in the sub-region.

THE ANTIGUA AND BARBUDA CIP renown for sailing, which makes it

US$250,000. These funds are then

with investors to create innovative

appealing for those seeking healthy

used by the Government to invest in

products that fit their investment

outdoor living and maritime activities.

the development of the country, for


example in infrastructure, education or The Investment Options

other national priorities.

The Antigua and Barbuda Citizenship-

A list of the approved real estate development projects is set out on

by-Investment Act was passed by

2. Real Estate

the official Government website:

Parliament on March 28, 2013,

To qualify under the real-estate option,


allowing foreign nationals (along with

a principal applicant must make an


their spouse, dependent children and

investment in real estate, within an

parents over the age of 65 years) to

approved development project, with a

3. Investment in a Business

acquire citizenship of Antigua and

value of at least US$400,000. Joint

To qualify under the business

Barbuda by making an appropriate

applications can be made, provided

investment option, a single investor

investment in the country.

each principal applicant invests at

must make a direct investment of at

least US$400,000.

least US$1,500,000 into an eligible

“Except countries on the “Restricted


Country” list,” Anthony says. “Anyone 18 years and older, who commits to

Approved real estate developments

making an investment under one of

may be residential, tourism,

Alternatively, two or more investors

the three options can participate in

commercial or industrial projects

can make a joint investment in an

the Antigua and Barbuda CIP.”

There is a wide array of real estate

eligible business totaling at least

options available, from 1 bed

US$5,000,000, with each investor

1. National Development Fund (NDF)

condominiums in fully functioning

contributing at least US$400,000.

To qualify for citizenship of Antigua

resorts, through to stunning

Eligible businesses must be pre-

and Barbuda under the NDF

building plots and high end luxury

approved by the Citizenship by

option, an investor can make a

villas. There are also options for

Investment Unit and are assessed on

non-refundable contribution to the

fractional ownership, and developers

a case-by-case basis. They may be

National Development Fund of

have shown a willingness to work

existing or start-up businesses.


The application process and timing


Prospective applicants must engage


the services of a Licensed Agent to assist with the application process.

The key documents required are:

Licensed Agents are professionals

identification documents, proof of

authorized by the CIU to submit

address, police clearance certificate,

applications on behalf of prospective

medical examination report (including

investors. The Agents are thoroughly

HIV test), professional and bank

versed in the application process

references. Naturally, details of

and will guide the applicant from

an applicant’s source of funds and

inception through to granting of

source of wealth are also required, as

citizenship. Applicants can contact a

these will be subject to verification by

Licensed Agent directly or by way of

both the Licensed Agent and the CIU.

introduction through an “Authorized Representative” i.e. a company or

An important point to note, is that

individual that has been granted

applicants will not be eligible for

permission by the CIU to market the

citizenship consideration where

Antigua Citizenship by Investment

they possess a criminal record


for which the maximum custodial penalty exceeded six (6) months

Once an Agent has been engaged, the

imprisonment, are under criminal

first step is to choose an investment

investigation, pose a potential

option. The NDF option is of course

national security risk or have

straightforward, whereas the real

previously been denied a visa to

estate and business options will

a country with which Antigua and

involve the preparation and review

Barbuda has visa free status.

of contracts that will need to be submitted along with the application.

Compiling the application can be a

Having decided on the investment

lengthy process, depending on an

option, the applicant can then begin

applicant’s individual circumstances.

to complete the relevant application

In some cases it can be achieved

forms, supplied by the Licensed

within 2 weeks, but a more normal

Agent, and to gather the required

timeline would be between 60-90

supporting documentation. Example

days. Applicants should bear in mind

forms and details of the required

that the police certificate must be

supporting documents are included

less than 6 months old at the time

on the Government website:

of application, and the HIV test and

Despite being a relatively new entrant in the alternative citizenship space, Antigua and Barbuda’s Citizenship by Investment Program is already proving very popular with investors. Speedy processing and the quality of real estate offerings, give the Program a serious competitive advantage.

THE ANTIGUA AND BARBUDA CIP proof of address must be less than 3 months old. Once the application is completed, the Licensed Agent will submit the file to the CIU, together with 10% of the Government processing fees and 100% of the Government due diligence fees (see schedule of fees

In terms of residency requirements,


successful applicants will have

Despite being a relatively new entrant

an obligation to spend at least 5

in the alternative citizenship space,

These fees are non-refundable in the

days in Antigua and Barbuda during

Antigua and Barbuda’s Citizenship by

event that the application is declined.

the 5-year period after obtaining

Investment Program is already proving

Once the CIU has received the file, they

Antiguan Citizenship. Failure to do

very popular with investors.

begin the vetting process which includes

so will preclude the new citizen from

robust due diligence procedures

renewing their passport.

Speedy processing and the quality of

conducted by specialist third-party

real estate offerings, give the Program a

professional due diligence companies.

Schedule of Fees

serious competitive advantage.

The CIU’s procedures take a maximum

In addition to the above investment-

From all accounts, Antigua and Barbuda

of 90 days, although in practice it can

options and Licensed Agent fees, the

seems destined to punch above its

be as quick as 50 days, after which

following processing and due diligence

weight in the international arena as

fees are payable to the Government of

it strives to become the economic

Antigua and Barbuda:

powerhouse of the Eastern Caribbean.

below). All Government fees must be remitted via the Licensed Agent.

the CIU will issue its decision. Any questions arising during the vetting process will be routed through the Licensed Agent for resolution.



Government fee – Principal Applicant



Government fee – Spouse



Government fee – Dependent child aged 0-11



Government fee – Dependent child aged 12-17



Government fee – Dependent child aged 18-25



Government fee – Dependent parent aged over 65



Due diligence fee – Principal Applicant



Due diligence fee – Spouse



They must also submit the remaining

Due diligence fee – Dependent child aged 0-11



90% of the Government processing

Due diligence fee – Dependent child aged 12-17



fees. Once the completion of the

Due diligence fee – Dependent child aged 18-25



investment and the payment of

Due diligence fee – Dependent parent aged over 65



Passport fee – each person



For successful applicants, the CIU will issue an “approval in principle” letter and the applicant then has 30 days in which to complete their investment by sending their funds to the NDF or by completing their real estate or business investment.

Government fees are confirmed, the passport application can be submitted and the passport is normally produced within 2-3 weeks. Applicants are not required to travel to Antigua and Barbuda during the application process unless an interview is requested by the CIU. Successful applicants are required to take the Oath of Allegiance, which can be done at the earliest practical opportunity either in Antigua or at an Antiguan overseas Embassy or Consulate.

Antigua and Barbuda seems destined to punch above its weight in the international arena as it strives to become the economic powerhouse of the Eastern Caribbean.

‫‪THE ANTIGUA AND BARBUDA CIP‬‬ ‫ايجاد مثل هذه االستمارات المطلوبة وتفاصيل الوثائق المطلوبة‬ ‫‪: http://cip.gov.ag/how-‬لتدعيم طلبك عىل موقع الحكومة‬

‫ين‬ ‫المتقدم� يال السفر يال أنتيغوا وباربودا خالل مدة‬ ‫وال يحتاج‬ ‫تقديم الطلب اال إذا تم طلبهم إلجراء المقابلة الشخصية‬

‫‪to-apply/application-forms/‬‬ ‫وتعد الوثائق أ‬ ‫الساسية المطلوبة هي‪ :‬وثائق الهوية وإثبات‬

‫بوحدة برنامج المواطنة من خالل االستثمار‪ .‬ويجب عىل‬

‫الط�‬ ‫محل االقامة وشهادة براءة الذمة الجنائية وتقرير الفحص ب ي‬ ‫(بما ف� ذلك اختبار يف�وس االيدز) والتقرير ن‬ ‫المه� والشهادات‬ ‫ي‬ ‫ي‬ ‫توف�‬ ‫المرصفية الخاصة بحساباتك البنكية‪ .‬والبد ايضا من ي‬ ‫تفاصيل عن مصدر االموال الخاص بمقدم الطلب وتفاصيل‬

‫عن مصدر ثروته‪ .‬حيث سيتم التأكد من صحة هذه البيانات من‬ ‫قبل كل من الوكيل المرخص ووحدة برنامج المواطنة من خالل‬ ‫‪.‬االستثمار‬ ‫ويجب ان يتم مالحظة انه لن يتم قبول الطلبات ف ي� حالة اظهر‬ ‫الجنا� لمقدم الطلب انه تجاوز الحد أ‬ ‫ئ‬ ‫القىص لعقوبة‬ ‫التقرير‬ ‫ي‬ ‫ئ‬ ‫الجنا�‪،‬‬ ‫للتحقيق‬ ‫خضوعه‬ ‫او‬ ‫بالسجن‪،‬‬ ‫أشهر‬ ‫ستة‬ ‫وهي‬ ‫الحبس‬ ‫ي‬ ‫او اعتباره مصدر خطر محتمل عىل أ‬ ‫المن القومي للبلد‪ .‬أو ان‬ ‫تأش�ة الدخول الخاصة به سابقا لبلد من‬ ‫يكون قد تم رفض ي‬ ‫ت‬ ‫تأش�ه دخول‬ ‫ال� ال تحتاج دولة أنتيغوا وباربودا الستخراج ي‬ ‫البالد ي‬ ‫‪.‬مسبقة لها‬

‫المستوفي� ان يقوموا بحلف ي ن‬ ‫ين‬ ‫ين‬ ‫يم� الوالء‪ ،‬ويجب‬ ‫المتقدم�‬ ‫ف‬ ‫ان يقم مقدم الطلب بعمل هذا االجراء ي� أقرب فرصة ممكنه‬ ‫سواء كان ف ي� دولة أنتيغوا او ف ي� سفارات وقنصليات أنتيغوا حول‬

‫‪.‬العالم‬ ‫ين‬ ‫ين‬ ‫المستوفي�‬ ‫المتقدم�‬ ‫وفيما يتعلق شب�ط االقامة‪ ،‬فيجب عىل‬ ‫ان يمضوا مدة اقامة ال تقل عن ‪ 5‬ايام ف ي� دولة أنتيغوا وباربودا‬ ‫عل حق المواطنة ف ي�‬ ‫خالل مدة خمس سنوات بعد الحصول ي‬ ‫أنتيغوا‪ .‬بحيث سيضطر مقدم الطلب يال تجديد جواز السفر‬ ‫‪.‬الخاص به ف� حالة عدم ت ز‬ ‫االل�ام شب�ط االقامة المذكور‬ ‫ي‬

‫الخاتمة‬ ‫ال يزال يقوم برنامج المواطنة من خالل االستثمار بإثبات نجاحه‬ ‫ف‬ ‫نسبيا من ي ن‬ ‫ب�‬ ‫ي� دولة أنتيغوا وباربودا عىل الرغم من كونه جديد ً‬ ‫برامج المواطنة المتعددة‪ .‬حيث ي ز‬ ‫ال�نامج برسعة االجراءات‬ ‫يتم� ب‬ ‫ال�نامج يم�هز‬ ‫وجودة خيارات العقارات المتاحة‪ .‬مما يضفي عىل ب‬ ‫‪.‬تنافسية‬ ‫وبذلك يزيد الطلب عىل برنامج المواطنة من خالل االستثمار‬ ‫لدولة أنتيغوا وباربودا ف ي� الساحة الدولية‪ .‬حيث يعمل )‪(CIP‬‬ ‫عل دعم موقف البلد االقتصادي ف ي� منطقة ش�ق البحر‬ ‫ب‬ ‫ال�نامج ي‬ ‫‪.‬الكاري�‬ ‫بي‬

‫جدول الرسوم‬ ‫يتم دفع رسوم الطلب ورسوم المعالجة الالزمة المذكورة ادناه‬ ‫بالضافة يال دفع رسوم الوكيل‬ ‫يال حكومة أنتيغوا وباربودا‪ .‬هذا إ‬

‫‪:‬المرخص ورسوم خيار االستثمار الذي قمت باختياره‬ ‫جدول الرسوم‬

‫ويمكن ان تستغرق عملية التقديم وقت طويل وفقا لظروف‬ ‫ين‬ ‫اسبوع�‬ ‫مقدم الطلب‪ .‬فيمكن ف ي� بعض الحاالت ان تستغرق‬ ‫ال ث‬ ‫أك�‪ .‬أوان تستغرق وق ًتا اطول يصل ال ما ي ن‬ ‫ب� ‪ 60‬و‪ 90‬يوم‪.‬‬ ‫ي‬ ‫ف‬ ‫وينبغي عىل مقدمي الطلبات أن يأخذوا ي� االعتبار أنه يجب عىل‬ ‫شهادة براءة الذمة الجنائية أن تكون حديثة ف ي� مدة ال تزيد عن ‪6‬‬ ‫أشهر من تاريخ تقديم الطلب‪ .‬كذلك يجب عىل اختبار يف�وس‬ ‫االيدز وإثبات محل االقامة أن يتم استخراجهم ف ي� مدة ال تزيد‬ ‫‪.‬عن ‪ 3‬أشهر من تاريخ التقدم‬

‫ويمكن ان يقدم الوكيل المرخص الملف الخاص بمقدم الطلب‬ ‫إىل وحدة برنامج المواطنة من خالل االستثمار فور استكمال‬ ‫طلب التقديم مع دفع ‪ ٪ 10‬من رسوم الطلب و‪ ٪ 100‬من‬ ‫رسوم المعالجة الالزمة (انظر جدول الرسوم أدناه)‪ .‬كما‬ ‫يجب تحصيل جميع رسوم المعالجة الالزمة من خالل الوكيل‬ ‫المرخص‪ .‬وتعد هذه الرسوم يغ� قابلة ت‬ ‫لالس�داد ف ي� حالة تم‬ ‫‪.‬رفض الطلب‬ ‫ويتم البدا بعملية فحص الطلب فور تسليم الطلب يال وحدة‬ ‫ت‬ ‫وال� تتضمن إجراءات‬ ‫برنامج المواطنة من خالل االستثمار‪ ،‬ي‬ ‫المراجعة والتدقيق القوية الالزمة من قبل طرف ثالث وهو‬ ‫ش‬ ‫ال�كات المهنية المختصة بعمليات المراجعة والتدقيق‪.‬‬ ‫وتستغرق هذه االجراءات مدة ال تزيد عن ‪ 90‬يوم‪ .‬بحيث يمكن‬ ‫ان تقل مدة فحص الطلب يال ‪ 50‬يوم‪ .‬ومن ثم تصدر وحدة‬ ‫برنامج المواطنة من خالل االستثمار قرارها بشأن طلبك‪ .‬وسوف‬




‫ ‪$50,000‬‬

‫‪Government fee – Principal Applicant‬‬


‫ ‪$50,000‬‬

‫‪Government fee – Spouse‬‬


‫ ‪$25,000‬‬

‫‪Government fee – Dependent child aged 0-11‬‬


‫ ‪$25,000‬‬

‫‪Government fee – Dependent child aged 12-17‬‬


‫ ‪$50,000‬‬

‫‪Government fee – Dependent child aged 18-25‬‬


‫ ‪$50,000‬‬

‫‪Government fee – Dependent parent aged over 65‬‬



‫‪Due diligence fee – Principal Applicant‬‬



‫‪Due diligence fee – Spouse‬‬



‫‪Due diligence fee – Dependent child aged 0-11‬‬

‫اجراءات االستثمار وتأكيد دفع القيمة المتبقية من رسوم الطلب‪.‬‬ ‫ين‬ ‫ويستغرق استخراج جواز السفر مدة تت�اوح ما ي ن‬ ‫اسبوع�‬ ‫ب�‬


‫ ‪$2,000‬‬

‫‪Due diligence fee – Dependent child aged 12-17‬‬


‫ ‪$4,000‬‬

‫‪Due diligence fee – Dependent child aged 18-25‬‬

‫‪.‬وثالث اسابيع‬


‫ ‪$4,000‬‬

‫‪Due diligence fee – Dependent parent aged over 65‬‬



‫‪Passport fee – each person‬‬

‫‪.‬يتم تحويل اي تساؤل خالل عملية الفحص يال الوكيل المرخص‬ ‫كما ترسل وحدة برنامج المواطنة من خالل االستثمار ف ي� حالة‬ ‫ين‬ ‫ين‬ ‫المستوفي� ش‬ ‫والمعاي� رسالة بال “موافقة‬ ‫لل�وط‬ ‫المتقدم�‬ ‫ي‬ ‫من حيث المبدأ”‪ .‬ومن ثم يعمل مقدم الطلب عىل استكمال‬ ‫اجراءات خيار االستثمار الذي قام باختياره خالل ‪ 30‬يوما من‬ ‫تاريخ هذه الرسالة‪ .‬بحيث يقوم مقدم الطلب بإرسال أ‬ ‫الموال‬ ‫إىل صندوق التنمية الوطنية أو باستكمال اجراءات العقار او‬ ‫العمل التجاري الخاص بهم‪ .‬كما يجب عليهم ايضا دفع‬ ‫رسوم الطلب المتبقية وهي ‪ % 90‬من قيمة رسوم الطلب‪.‬‬ ‫بحيث يمكن تقديم طلب استخراج جواز السفر فور استكمال‬

‫‪THE ANTIGUA AND BARBUDA CIP‬‬ ‫وقد تم شن� قائمة بمشاريع التطوير العقاري المتعمدة عىل‬ ‫‪: http://cip.gov.ag/investment-‬موقع الرسمي للحكومة‬

‫وذلك ك يتم دراسة وتقييم الحاالت المختلفة أ‬ ‫للعمال التجارية‬ ‫ي‬ ‫عىل حدة‪ .‬ويمكن أن تكون هذه االعمال التجارية قائمة بالفعل‬


‫‪.‬أو اعمال تجارية جديدة‬ ‫عملية تقديم الطلبات ومدة استغراقها‬

‫االستثمار من خالل االعمال التجارية ‪3‬‬ ‫ف‬ ‫ش‬ ‫حيث يجب عىل المستثمر أن يقوم باالستثمار المبا� ي� عمل‬ ‫أمريك يك يتم‬ ‫تجاري مرخص بقيمة ال تقل عن ‪ 1,500,000‬دوالر‬ ‫ي‬

‫تأهيله للحصول عىل المواطنة بدولة أنتيغوا وباربودا من خالل‬ ‫خيار أ‬ ‫اثن� أو ث‬ ‫العمال التجارية‪ .‬كما يمكن ايضا ان ت‬ ‫يش�ك ي ن‬ ‫أك�‬ ‫أ‬ ‫ف‬ ‫ف‬ ‫من المستثمرين � عمل استثمار ت‬ ‫مش�ك ي� العمال التجارية‬ ‫ي‬ ‫ش‬ ‫أمريك‪ ،‬ب�ط ان‬ ‫المرخصة بقيمة اجمالية تبلغ ‪ 5‬مليون دوالر‬ ‫ي‬ ‫يساهم كل مستثمر بقيمة استثمار ال تقل عن ‪ 400000‬دوالر‬

‫أمريك‪ .‬ويجب الحصول عىل موافقة مسبقة بإنشاء عمل تجاري‬ ‫ي‬ ‫مرخص قبل التقدم لوحدة برنامج المواطنة من خالل االستثمار‪.‬‬

‫يجب عىل مقدمي الطلبات االستعانة بخدمات وكيل مرخص‬ ‫للمساعدة ف ي� عملية التقديم للحصول عىل المواطنة‪ .‬بحيث‬ ‫ين‬ ‫ين‬ ‫الحاصل� عىل‬ ‫المهني�‬ ‫يعد هؤالء الوكالء المرخصون هم‬ ‫ترخيص من وحدة برنامج المواطنة من خالل االستثمار ليسمح‬

‫ين‬ ‫المتقدم�‪.‬‬ ‫لهم بتسليم طلبات التقديم نيابة عن المستثمرين‬

‫وتوف� المساعدة‬ ‫بحيث يقوم الوكيل بمتابعة عملية التقديم ي‬ ‫والتوجيه الالزم منذ مرحلة تقديم الطلب ت‬ ‫وح� الحصول عىل‬ ‫ين‬ ‫للمتقدم� ان يتصلوا بالوكيل المرخص بشكل‬ ‫المواطنة‪ .‬ويمكن‬ ‫ش‬ ‫مبا� أو الوصول للوكيل عن طريق “ الممثل المفوض”‪ .‬والذي‬ ‫ش‬ ‫يعت� عىل سبيل المثال أي �كة أو فرد قد تم منحه إذن من‬ ‫ب‬

‫قبل وحدة برنامج المواطنة من خالل االستثمار للعمل عىل‬ ‫‪.‬تسويق برنامج مواطنة أنتيغوا من خالل االستثمار‬ ‫االول للتقديم فور التواصل مع الوكيل هي‬ ‫وتعد الخطوة ي‬

‫يعت�‬ ‫اختيار خيار االستثمار االنسب كما هو مذكور اعاله‪ .‬بحيث ب‬ ‫خيار صندوق التنمية الوطنية بالتأكيد هو خيار االستثمار ث‬ ‫االك�‬ ‫مبا�ة‪ .‬ف� ي ن‬ ‫ح� يشمل خيار العقارات واالعمال التجارية المزيد‬ ‫ش ي‬ ‫ت‬ ‫ال� سيتم تقديمها برفقة‬ ‫من إ‬ ‫العدادات ومراجعة كافة العقود ي‬

‫‪.‬طلب المواطنة‬ ‫ف‬ ‫و� حال قد قررت خيار االستثمار االنسب لك‪ ،‬فيمكنك أن تبدأ‬ ‫ي‬ ‫ق‬ ‫با� االستمارات المطلوبة المرفقة بطلب التقديم‬ ‫باستكمال ي‬ ‫ت‬ ‫وال� يتم تقديمها من خالل الوكيل المعتمد‪ .‬كما يمكنك تجميع‬ ‫ي‬ ‫الوثائق المطلوبة لتدعيم طلبك وخيار االستثمار الذي قمت‬ ‫باختياره‪ .‬ويمكنك‬

‫زيادة الطلب عىل برنامج‬ ‫المواطنة من خالل االستثمار‬ ‫ف‬ ‫لدولة أنتيغوا وباربودا ي� )‪(CIP‬‬ ‫الساحة الدولية‬ ‫‪For more information on Antigua and Barbuda’s exciting CIP initiative ... visit www.cip.gov.ag/‬‬ ‫الساحل االخاذ ونظام الحكومة بها الذي يرحب‬ ‫يال شاطئها‬ ‫ي‬

‫خ� ترحاب‪ .‬وقد استقلت دولة أنتيغوا وباربودا‬ ‫بالمستثمرين ي‬ ‫المزدوجة القائمة عىل جزيرة والمكونة من ‪ 85000‬شخص منذ‬ ‫عام ‪ ،1981‬كما هيئت الدولة لنفسها نظام ديمقراطي متقدم‬ ‫مستمرا ف ي�‬ ‫نموا‬ ‫مستقر ومتعدد الثقافات‪ .‬بحيث شهدت البلد ً‬ ‫ً‬ ‫أ‬ ‫ش‬ ‫جن�‬ ‫المبا� عىل مر التاريخ نتيجة لنشاط مجال‬ ‫االستثمار ال ب ي‬

‫السياحة والعقارات‪ .‬ومع ذلك فقد ساهم ايضا مجال التعليم‬ ‫أ‬ ‫ف آ‬ ‫ف‬ ‫ال ت‬ ‫خ�ة‪.‬‬ ‫العال والتجارة إ‬ ‫لك�ونية بشدة ي� هذا النمو ي� الونة ال ي‬ ‫ي‬ ‫كما ساهم االستثمار أ‬ ‫الجن� والحوافز الحكومية السخية �ف‬ ‫ي‬ ‫بي‬ ‫التطور الرسيع لالقتصاد‪ ،‬مما ساعد البلد ف ي� امتالكها واحد من‬ ‫ف‬ ‫المحل للفرد الواحد ف ي� منطقة‬ ‫جمال‬ ‫أعىل المعدالت ي� الناتج إ‬ ‫ال ي‬ ‫ي‬

‫‪.‬الجنوب‬ ‫ف‬ ‫ش‬ ‫كما تعد أنتيغوا وباربودا عضوا ي� اتحاد العملة للمنطقة ال�قية‬

‫الكاري�‬ ‫لتستخدم بذلك عملة الدوالر ‪ (ECCU)،‬من البحر‬ ‫بي‬ ‫ش‬ ‫ال�ق‬ ‫تطورا‬ ‫يعد‬ ‫بالضافة يال سبع دول أخرى‪ ،‬مما‬ ‫الكاري� إ‬ ‫ً‬ ‫بي‬ ‫ف‬ ‫ش‬ ‫الكاري�‬ ‫بحيث استقر ‪ (OECS).‬ي� منظمة دول �ق البحر‬ ‫بي‬ ‫سعر الدوالر ش‬ ‫ال�ق‬ ‫االمريك طوال‬ ‫الكاري� امام سعر الدوالر‬ ‫ي‬ ‫بي‬ ‫أ‬ ‫ف‬ ‫ال ي ن‬ ‫المال‬ ‫ربع� سنة الماضية‪ ،‬مما يساهم ي� حالة االستقرار ي‬ ‫‪.‬للدولة عىل المدى الطويل‬ ‫ووفقا لما رصح به رئيس الوزراء المبجل “غاستون براون”‪ .‬فقد‬

‫وضعت حكومة أنتيغوا وباربودا هدف واضح للبلد لتصبح مركز‬ ‫“القوة االقتصادية” ف ي� منطقة ش�ق البحر‬ ‫الكاري�‪ ،‬ذلك‪ .‬بحيث‬ ‫بي‬ ‫يعد برنامج المواطنة من خالل االستثمار لدولة أنتيغوا وباربودا‬ ‫ت‬ ‫ال� ستؤدي إىل تحقيق هذا الهدف‪.‬‬ ‫واحد من العوامل الرئيسية ي‬ ‫ويزيد الطلب عىل برنامج أنتيغوا وباربودا للمواطنة من خالل‬ ‫ال�نامج ووضوح اهمية‬ ‫االستثمار نتيجة لرسعة وكفاءة خطوات ب‬ ‫تز‬ ‫بالجراءات المطلوبة ووفرة خيارات االستثمار المتاحة‬ ‫االل�ام إ‬ ‫‪.‬بال�نامج وتعدد عوامل الجذب بالجزيرة‬ ‫ب‬ ‫ال�نامج من قبل الوحدة المخصصة بل�نامج‬ ‫كما يتم إدارة ب‬

‫ت‬ ‫وال� يعمل بها فريق ‪ (“CIU“)،‬المواطنة من خالل االستثمار‬ ‫ي‬ ‫المهني� الذين يتحملون مسؤولية ي ز‬ ‫ين‬ ‫تجه� وتجميع الطلبات‬ ‫من‬

‫ن‬ ‫ن‬ ‫ال�نامج الدول المذكورة‬ ‫أنتو� بانه‬ ‫“يستث� من هذا ب‬ ‫ولكن حدد ي‬ ‫ي‬ ‫بقائمة الدول الممنوعة” ويضيف ايضا انه “يمكن ألي شخص‬

‫وإعطاء الموافقة عىل خيارات االستثمار المختلفة سواء من خالل‬ ‫العقارات أ‬ ‫والعمال التجارية‪ .‬ومن ثم يتحمل مكتب رئيس الوزراء‬

‫ف� عمر ال ‪ 18‬عام او ث‬ ‫أك� ان يتقدم بالطلب لوحدة برنامج‬ ‫ي‬ ‫المواطنة من خالل االستثمار ف ي� أنتيغوا وباربودا عن طريق اختيار‬ ‫بال�نامج‬ ‫‪”.‬واحد من خيارات االستثمار المتوفرة ب‬

‫بأعمال الرئيس التنفيذي لوحدة برنامج المواطنة من خالل‬ ‫االستثمار بكيفية تقديم المستثمرين للطلبات واالجراءات ال�ت‬ ‫ي‬ ‫يل‬ ‫‪.‬يجب اتباعاها كما ي‬ ‫ن‬ ‫أنتو� “ تعد سهولة السفر يال مختلف الدول بالعالم‬ ‫كما ذكر ي‬ ‫أ‬ ‫ن‬ ‫ث‬ ‫هي ي ز‬ ‫أنتو� “حيث يوفر‬ ‫الم�ة الك� وضوحا ب‬ ‫لل�نامج”‪ ،‬ثم يوضح ي‬ ‫تأش�ة السفر المجانية إىل‬ ‫جواز السفر لدولة أنتيغوا وباربودا ي‬

‫)‪ (NDF‬صندوق التنمية الوطنية ‪1.‬‬ ‫ت‬ ‫بت�ع يغ� قابل لالس�داد‬ ‫حيث يمكن للمستثمر أن يساهم ب‬

‫ال�نامج‬ ‫‪.‬المسئولية النهائية لهذا ب‬

‫ن‬ ‫أنتو�” القائم‬ ‫وماذا عن المستثمرين؟ يفيد السيد “توماس ي‬

‫‪ 133‬بلد بالعالم لتشمل كندا والمملكة المتحدة و”دول الشنغن”‬ ‫أ‬ ‫الوروبية”‪ .‬كما اضاف سيادته ان “البلد تقدم بيئة مسالمة‬

‫ت‬ ‫ال� ترغب بالحصول عىل جنسية ثانية نتيجة‬ ‫ومستقرة للعائالت ي‬

‫لما تتمتع به أنتيغوا وباربودا من مستويات سالمة وأمن عالية‪،‬‬ ‫وهو ما تبحث عنه معظم العائالت االن نتيجة لما يحدث ف ي�‬ ‫‪”.‬مختلف ارجاء العالم من عنف وإرهاب‬ ‫ن‬ ‫أنتو� فإن الفضل ف ي� زيادة الشعبية بالبلد يعود‬ ‫وكما ذكر ي‬ ‫ش‬ ‫المتما� مع النظام بمنطقة‬ ‫لنظام االستقرار الديمقراطي‬ ‫ي‬ ‫“وست ت‬ ‫منس�”‪ ،‬كما يعود الفضل ايضا يال الهيكل التنظيمي‬ ‫ف‬ ‫البحار‪ ،‬لتصبح كل‬ ‫الراسخ بالبلد وشهرتها الدولية ي� مجال إ‬ ‫هذه العوامل عنارص جذب ألولئك الذين يسعون لحياة مليئة‬ ‫أ‬ ‫‪.‬بالنشطة البحرية ف ي� الهواء الصحي الطلق‬ ‫خيارات االستثمار‬

‫تم اصدار قانون أنتيغوا وباربودا للمواطنة من خالل االستثمار‬ ‫ف‬ ‫ال�نامج‬ ‫ال�لمان ي� ‪ 28‬مارس ‪ .2013‬بحيث يسمح هذا ب‬ ‫عن طريق ب‬ ‫للرعايا أ‬ ‫ن‬ ‫المعال� وابائهم وامهاتهم‬ ‫الجانب وأزواجهم واطفالهم‬ ‫ي‬ ‫الذين تزيد أعمارهم عن ‪ 65‬عاما بالحصول عىل جنسية أنتيغوا‬ ‫‪.‬وباربودا من خالل االستثمار ف ي� البلد بشكل مناسب‬

‫أمريك‬ ‫لصالح صندوق التنمية الوطنية بقيمة ‪ 250000‬دوالر‬ ‫ي‬ ‫يك يتم تأهيله للحصول عىل المواطنة بدولة أنتيغوا وباربودا‬

‫من خالل خيار صندوق التنمية الوطنية‪ .‬ويتم استخدام هذه‬ ‫أ‬ ‫لك يتم استثماراها ف ي� تنمية البنية‬ ‫الموال من قبل الحكومة ي‬ ‫وغ�ها من أولويات وطنية أخرى بالبلد‬ ‫‪.‬التحتية والتعليم ي‬

‫العقارات ف ي� أنتيغوا وباربودا ‪2.‬‬

‫حيث يجب عىل المستثمر أن يقوم باستثمار قيمة ال تقل عن‬ ‫أمريك ف ي� مجال العقارات من خالل ش‬ ‫م�وع‬ ‫‪ 400000‬دوالر‬ ‫ي‬

‫تطوير انشاءي معتمد يك يتم تأهيله للحصول عىل المواطنة‬ ‫بدولة أنتيغوا وباربودا من خالل خيار العقارات‪ .‬ويمكن قبول‬ ‫ت‬ ‫ش‬ ‫عل حدة‬ ‫الطلبات المش�كة ب�ط ان يقوم كل مقدم طلب ي‬ ‫أمريك‬ ‫‪.‬باالستثمار بمبلغ ال يقل عن ‪ 400000‬دوالر‬ ‫ي‬ ‫ن‬ ‫النشائية المعتمدة ما يب� المشاريع‬ ‫وتتنوع مشاريع التطويرات إ‬ ‫‪.‬السكنية والسياحية والتجارية والصناعية‬ ‫كما توجد ايضا مجموعة واسعة من الخيارات العقارية المتاحة‬ ‫بد ًءا من الوحدات السكنية ذات الغرفة الواحدة ف ي� المنتجعات‬ ‫المتكاملة ت‬ ‫وح� االبراج المذهلة والفيالت الفاخرة الراقية‪ .‬كما‬ ‫يوجد أيضا تسهيالت لملكية العقارات الجزئية‪ .‬بحيث يظهر‬ ‫بال�نامج كامل االستعداد للعمل مع المستثمرين‬ ‫العاملون ب‬ ‫ومساعدتهم ف‬ ‫توف� الحلول المبتكرة لخيارات العقارات ت‬ ‫وال�‬ ‫�‬ ‫ي‬ ‫ي‬ ‫ي‬ ‫معاي� االستثمار‬ ‫‪.‬تتالءم مع مختلف ي‬

Citizenship by Investment Summer 2016

Country Spotlight

Canada Country Spotlight

Ü Canada – An Introduction Canada is a country located in the northern part of North America and is the second largest country by total area and the fourth by land area. Its border with the United States of America is also the world’s longest land border. Despite its gargantuan size, Canada is relatively sparsely populated and approximately four fifths of Canada’s 35 million citizens can be found living near the southern border. This is because the northern parts of Canada are largely covered by forest, tundra and the Rocky Mountains, with a severely cold winter climate. Although cold in the winter also, the southern more inhabited parts of the country do experience more warmth in the summer periods. Canada is one of the world’s most ethnically diverse and multicultural nations, so UHNWI looking to visit should feel welcome. It also boasts the world’s eleventh largest economy in the world, for which it attributes much of its wealth to its plentiful natural resources and highly connected international trade networks. It has the tenth highest nominal per capita


income on a global scale, and ranks ninth in the Human Development Index. Canada holds firmly steadfast to principles of government transparency, civil liberties, quality of life, economic freedom, and education, making it a desirable location for UHNWI who want to invest in a culture with more liberal leanings. With the world’s largest proportion of fresh water lakes, Canada is only second in overall size to the behemoth that is Russia. Canada stretches from the Atlantic Ocean in the east to the Pacific Ocean in the west; to the north lies the Arctic Ocean. It also has the longest coastline in the world, with a total length of 243,042 kilometres (151,019 mi). It is also geologically active, having many earthquakes and potentially active volcanoes: notably Mount Meager, Mount Garibaldi, Mount Cayley, and the Mount Edziza volcanic complex. Politically, Canada operates a parliamentary system with a constitutional monarchy led by Queen Elizabeth II. The current Prime Minister of Canada is Justin Trudeau whose office is one of the most powerful in government: most

Canada is one of the world’s most ethnically diverse and multicultural nations, so UHNWI looking to visit should feel welcome. It also boasts the world’s eleventh largest economy in the world...

Citizenship by Investment Summer 2016

legislation is initiated from this office and sent to Parliament for approval. There is also a Leader of Her Majesty's Loyal Opposition who is usually the person leading the party who gained the second most seats and they are then used to monitor and criticise the current government where necessary to keep them in check. Economically, Canada is the world’s eleventh largest economy and one of the world's top ten trading nations, with a highly globalized economy. It prides itself on its relatively low level of income disparity which again reflects on the principle of civil liberties and quality of life it cherishes. The country's average household disposable income per capita is over USD 23,900 higher than the OECD average. In terms of stock exchange, the Toronto Stock Exchange is the seventh largest stock exchange in the world by market capitalization and lists over 1,500 companies with a collective market capitalization of over US$2 trillion. Exports equalled over C$528 billion, while its imported goods were valued at over $523 billion, of which approximately $349 billion originated from the United States, $49 billion

from the European Union, and $35 billion from China. After the recession in 2008, Canada has recovered well and continues to grow steadily and securely, although there is still some volatility with oil prices and higher than normal unemployment rates. Other than the USA who is its number one exporter, Canada has seen an increasing amount of exports to Asia which is now its second largest exporter. For UHNWI who are looking to trade in both the US and Asia, Canada is a potentially great location in which to operate.For the UHNWI with children considering a permanent relocation to Canada, they will be pleased to hear that Canada is the most educated country in the world with the highest number of adults having a tertiary education and over 50% of adults obtaining at least an undergraduate college or university degree. Canadian educational bodies are taught in both English and French. The citizens of Canada place high importance on equality and inclusiveness for all its people and is famous for its welcoming approach to new citizens. Multiculturalism is a corner stone of the country and its people. There is also a large passionate following for ice hockey and lacrosse which are Canada’s national sports. }}}

For the UHNWI with children considering a permanent relocation to Canada, they will be pleased to hear that Canada is the most educated country in the world w ith the highest number of adults having a tertiary education...


Country Spotlight

Citizenship by Investment Summer 2016

Ü Canadian Citizenship by Investment Although Canada does not offer a direct citizenship by investment program as it closed in 2014, it does offer a fast track scheme for investors who can acquire their citizenships faster through the process of naturalisation. The two programs on offer are as follows:

Ü Canada Business Investor Fast Track Program If you are a UHNWI operating their own business, then setting up a branch of your business in Canada can be a path toward


achieving faster Canadian citizenship. Your business must be reasonably successful and therefore you setting up a branch in Canada will benefit the Canadian economy and provide new jobs for its citizens. The total cost of the move and paperwork should amount to approximately USD 130,000. If this is a possibility for you and you can see some benefit to branching your business out to Canada other than acquiring a fast track to Canadian citizenship then this is the best option available.

Ü Quebec Immigrant Investor Program The other alternative is the Quebec Immigrant Investor Program. In order to qualify, the

UHWNI needs to make a donation of approximately USD 650,000 which has to be invested on fully guaranteed interest free government term deposit for 5 years. However, the payment does not have to be made up front and financing options can be considered: for example, there are payment schemes in which an initial down payment of USD 170,000 could be considered. Completion and acceptance from either of these programs will afford the UHNWI permanent residency in Canada. From this point, after a further two years permanent residency and one other year in total of general residency (three years total), you can apply to become a Canadian citizen via the naturalisation process.

‫‪Citizenship by Investment Summer 2016‬‬

‫ندا‪ :‬تسليط الضوء عىل عوامل الجذب ف ي� البلد‬ ‫كندا‪ :‬تسليط الضوء عىل عوامل الجذب ف ي� البلد‬

‫ن‬ ‫أك�‬ ‫تقع كندا ف ي� الجزء‬ ‫ثا� ب‬ ‫الشمال من أمريكا الشمالية‪ ،‬وتعد هي ي‬ ‫ي‬ ‫أ‬ ‫بلد من حيث المساحة الكلية والرابعة من حيث مساحة الرض‬ ‫الصافية باستخراج مساحة المسطحات المائية‪ .‬كما تعد حدود كندا‬ ‫المش�كة مع الواليات المتحدة هي أ‬ ‫ت‬ ‫الطول ف ي� العالم‪ .‬وعىل الرغم‬ ‫بشكل‬ ‫بكندا‬ ‫السكان‬ ‫عدد‬ ‫يقل‬ ‫ولكن‬ ‫الهائل‪،‬‬ ‫البلد‬ ‫حجم‬ ‫من‬ ‫نس� ‪.‬‬ ‫بي‬ ‫بحيث يعيش ما يقرب من أربعة أخماس عدد سكان البلد البالغ‬ ‫عددهم ‪ 35‬مليون مواطن بالقرب من الحدود الجنوبية‪ .‬وينتج ذلك‬ ‫عن ثك�ة وجود الغابات بشكل كب� ق� أ‬ ‫الجزاء الشمالية من كندا‪،‬‬ ‫ي ي‬ ‫ووجود سهل التندرا والجبال الصخرية والمناخ الشتوي شديد‬ ‫ال�ودة‪ .‬وعىل الرغم من برودة الشتاء‪ ،‬ولكن يتمتع السكان باالجزاء‬ ‫ب‬ ‫‪.‬الجنوبية المأهولة بالسكان بالمزيد من الدفء ف ي� تف�ات الصيف‬ ‫وتعد كندا واحدة من ث‬ ‫أك� الدول تنو ًعا ف ي� االصول العرقية‬ ‫والثقافات ف� العالم‪ ،‬بحيث يشعر كبار أ‬ ‫الثرياء الر ي ن‬ ‫اغب� ف ي� زيارة‬ ‫ي‬ ‫البلد بأنهم موضع ترحيب‪ .‬كما يحتل اقتصاد البلد المرتبة الحادية‬ ‫ف‬ ‫ش‬ ‫عل وفرة‬ ‫ع� ب‬ ‫كأك� اقتصاد ي� العالم‪ ،‬بحيث يستند اقتصادها ي‬ ‫ث‬ ‫ال�وات من الموارد الطبيعية وتملكها لشبكات تجارة دولية قوية‬ ‫ش‬ ‫للغاية‪ .‬بحيث تحظي البلد بالمستوي العا� كأعىل معدل دخل‬ ‫للفرد عىل نطاق عالمي‪ ،‬كما تحتل أيضا المرتبة التاسعة ف ي� ش‬ ‫مؤ�‬ ‫التنمية ش‬ ‫المبادي والمفاهيم‬ ‫الب�ية‪ .‬وتتمسك كندا بقوة ببعض‬ ‫ْ‬ ‫الصامدة مثل مبدأ الشفافية ف ي� الشئون الحكومية ومبدأ الحريات‬ ‫المدنية والسعي لمستوي معيشة وحياة ذات نوعية أفضل والحرية‬ ‫االقتصادية والتعليم‪ ،‬مما يجعلها من ث‬ ‫أك� االماكن الجذابة لكبار‬ ‫أ‬ ‫اللي�الية الر ي ن‬ ‫اغب� ف ي� االستثمار بمجال‬ ‫الثرياء ذوي التوجهات ب‬ ‫‪.‬الثقافة‬ ‫بح�ات المياه العذبة ف ي�‬ ‫بأك� نسبة من ي‬ ‫ونتيجة لتمتع البلد ب‬ ‫الكل‬ ‫العالم‪ ،‬تعد كندا هي الثانية فقط من ناحية الحجم ي‬ ‫بالمقارنة مع دولة روسيا‪ .‬بحيث تمتد مساحة كندا من المحيط‬ ‫أ‬ ‫الطلس ف ي� ش‬ ‫ال�ق إىل المحيط الهادئ ف ي� الغرب‪ ،‬لتصل يال المحيط‬ ‫ي‬ ‫الشمال المتجمد من ناحية الشمال‪ .‬كما أن لديها أطول خط‬ ‫ي‬ ‫ف‬ ‫ت‬ ‫كيلوم�‬ ‫جمال يال ‪243042‬‬ ‫ساحل ي� العالم‪ ،‬حيث يبلغ طوله إ‬ ‫ال ي‬ ‫ي‬ ‫جيولوجيا مع وجود العديد‬ ‫(‪ 151019‬ميل)‪ .‬كما تعد البلد نشطة‬ ‫ً‬ ‫وال� ي ن‬ ‫اك� ذات الفعالية الكامنة وال سيما جبل ميغر‬ ‫من الزالزل ب‬ ‫‪.‬وجبل غاريبالدي وجبل كيل والمجمع ب ن‬ ‫كا� لجبل إيدزيزا‬ ‫ال� ي‬ ‫ي‬ ‫وفيما يتعلق بالنظام السياس بالبلد‪ ،‬تمتثل كندا للنظام ب ن‬ ‫لما�‬ ‫ال� ي‬ ‫ي‬ ‫بال�امن مع نظام الملكية الدستورية بقيادة الملكة ي ز‬ ‫تز‬ ‫ال�ابيث الثانية‪.‬‬ ‫ت‬ ‫ن‬ ‫جاس� ترودو‪ ،‬والذي يتمتع بواحد‬ ‫الحال هو‬ ‫اء‬ ‫ر‬ ‫الوز‬ ‫رئيس‬ ‫ويعد‬ ‫ي‬ ‫من أقوى المكاتب الحكومية‪ .‬حيث يتم إصدار معظم ش‬ ‫الت�يعات‬ ‫ال�لمان ليتم الموافقة عليها‪.‬‬ ‫من هذا المكتب ومن ثم إرسالها إىل ب‬


‫ويوجد أيضا زعيم للمعارضة الموالية لصاحبة الجاللة‪ ،‬والذي‬ ‫ن‬ ‫أك� عدد من المقاعد‬ ‫ثا� ب‬ ‫عادة ما يكون زعيم الحزب الحاصل عىل ي‬ ‫ال�لمانية‪ .‬ومن ثم يتم استخدامه لمراقبة وانتقاد الحكومة الحالية‬ ‫ب‬ ‫ح� يتم اختبارهم من الوقت أ‬ ‫‪.‬كلما كان �ض وري ت‬ ‫للخر‬ ‫وعىل المستوي االقتصادي‪ ،‬تتمتع كندا بالمركز الحادي ش‬ ‫كأك�‬ ‫ع� ب‬ ‫ف‬ ‫أك� ش‬ ‫ع� دول تجارية ف ي�‬ ‫اقتصاد ي� العالم‪ ،‬كما تعد واحدة من ب‬ ‫العالم لما تتمتع به من اقتصاد عولمي للغاية‪ .‬بحيث ي ز‬ ‫تتم� البلد‬ ‫بمستوى تفاوت ف ي� الدخل منخفض نسبيا‪ ،‬والذي يعكس مرة أخرى‬ ‫اعتماد البلد عىل مبدأ الحريات المدنية والسعي لمستوي معيشة‬ ‫وحياة ذات نوعية أفضل‪ .‬ويبلغ متوسط دخل أ‬ ‫الرسة المتاح ف ي� البلد‬ ‫ما يزيد عن ‪ 23900‬دوالر للفرد الواحد ليصبح أعىل من متوسط‬ ‫فيما يتعلق بالبورصة‪ OECD. ،‬منظمة التعاون االقتصادي والتنمية‬ ‫أك� بورصة عىل مستوي العالم من‬ ‫تعد بورصة تورونتو هي سابع ب‬ ‫حيث القيمة السوقية لتضم ث‬ ‫أك� من ‪ 1500‬ش�كة‪ ،‬لتصل القيمة‬ ‫أمريك ‪ .‬كما‬ ‫دوالر‬ ‫تريليون‬ ‫‪2‬‬ ‫عن‬ ‫السوقية المجمعة يال ما يزيد‬ ‫ي‬ ‫بلغت الصادرات ما يزيد عن ‪ 528‬مليار دوالر أمريك ‪ ،‬ف� ي ن‬ ‫ح�‬ ‫ي ي‬ ‫بلغت قيمة بضائع البلد المستوردة ما يزيد عن ‪ 523‬مليار دوالر‬ ‫االست�اد من الواليات المتحدة بقيمة تصل يال‬ ‫أمريك ‪ .‬بحيث يتم‬ ‫ي‬ ‫ي‬ ‫أمريك من االتحاد‬ ‫أمريك وبقيمة ‪ 49‬مليار دوالر‬ ‫‪ 349‬مليار دوالر‬ ‫ي‬ ‫ي‬ ‫أ‬ ‫ورو� وبقيمة ‪ 35‬مليار دوالر أمريك من ي ن‬ ‫الص� ‪ .‬وقد تعافت‬ ‫ال ب ي‬ ‫ي‬ ‫ف‬ ‫ف‬ ‫كندا جيدا من بعد الركود ي� عام ‪ .2008‬كما استمرت ي� النمو‬ ‫بشكل ثابت وآمن‪ ،‬عىل الرغم من أنه ال يزال هناك بعض التذبذب‬ ‫نتيجة إلرتفاع أسعار النفط وإرتفاع معدالت البطالة عن المتوسط‬ ‫المصدر االول لكندا‪،‬‬ ‫الطبيعي‪ .‬وبخالف كون الواليات المتحدة ُ‬ ‫ف أ‬ ‫تز‬ ‫االخ�ة‪ ،‬لتعد كندا‬ ‫ت�ايد كمية صادرات كندا إىل آسيا ي� الونة ي‬ ‫آ‬ ‫ن‬ ‫أك� ُمصدر ألسيا‪ .‬وبذلك تعد كندا وجهة رائعة لكبار‬ ‫ثا�‬ ‫هي‬ ‫ن‬ ‫ال‬ ‫ي ب‬ ‫أ‬ ‫الثرياء الذين يرغبون بالعمل ف ي� كندا ويتطلعون للتعامل التجاري‬ ‫‪.‬مع كل من الواليات المتحدة وآسيا‬ ‫وفيما يتعلق بكبار أ‬ ‫الثرياء الر ي ن‬ ‫اغب� ف ي� نقل المعيشة بشكل دائم‬ ‫إىل كندا برفقة أطفالهم‪ ،‬فسيشعرون بالسعادة فور معرفتهم أن‬ ‫اعل مستوي تعليم ف ي� العالم‪ ،‬حيث‬ ‫كندا تعد هي البلد صاحبة ي‬ ‫ين‬ ‫ين‬ ‫العال‬ ‫الحاصل� عىل التعليم‬ ‫للبالغ�‬ ‫تتمتع بأعىل نسبة عدد‬ ‫ي‬ ‫ين‬ ‫ين‬ ‫الحاصل� عىل ما ال يقل‬ ‫البالغ�‬ ‫ولديها نسبه تزيد عن ‪ ٪ 50‬من‬ ‫عن المستوي الجامعي أو الشهادة الجامعية‪ .‬ويتم تدريس المواد‬ ‫ال ي ز‬ ‫ين‬ ‫نجل� ية والفرنسية‬ ‫‪.‬التعليمية ف ي� كندا‬ ‫باللغت� إ‬ ‫أ‬ ‫والحاطة‬ ‫الكب�ة لمبادئ المساواة إ‬ ‫كما تأكد البلد عىل الهمية ي‬ ‫ن‬ ‫ين‬ ‫بالمواطن� الجدد‪.‬‬ ‫المواطن�‪ ،‬وتشتهر أيضا بقوة ترحيبها‬ ‫بجميع‬ ‫ي‬ ‫وبذلك تعد التعددية الثقافية هي حجر الزاوية ف ي� كندا وشعبها‪.‬‬ ‫ين‬ ‫هوك الجليد و لعبة‬ ‫كما يميل‬ ‫المواطن� بشكل عاطفي لرياضة ي‬ ‫‪.‬الالكروس ليعدوا بذلك الرياضة الوطنية ف ي� كندا‬

‫الحصول عىل المواطنة الكندية من خالل االستثمار‬ ‫عىل الرغم من أن كندا ال تقدم بشكل ش‬ ‫مبا� برنامج الجنسية من‬ ‫خالل االستثمار‪ ،‬والذي تم إيقافه منذ عام ‪ .2014‬ولكنها تقدم‬ ‫خطة رسيعة للمستثمرين لتمكنهم من الحصول عىل الجنسيات‬ ‫بشكل أرسع من خالل عملية التجنيس‪ .‬ويمكن عرض الخطة من‬ ‫ال� ي ن‬ ‫نامج� المذكورين أدناه‬ ‫‪:‬خالل ب‬

‫برنامج المواطنة ف ي� كندا لرجال االعمال‬ ‫والمستثمرين ذو المسار الرسيع‬ ‫إذا كنت من كبار أ‬ ‫الثرياء الذين يديرون مشاريعهم الخاصة‪،‬‬ ‫ف‬ ‫فيمكنك إنشاء فرع لعملك الخاص ي� كندا لتمكنك من الحصول‬ ‫عىل المواطنة الكندية بشكل رسيع‪ .‬ولكن يجب أن ينال عملك‬ ‫الخاص عىل نسبة معقولة من النجاح يك تعود فكرة إنشاء فرع‬ ‫جديد لعملك ف ي� كندا بالنفع عىل االقتصاد الكندي وتعمل عىل‬ ‫ين‬ ‫للمواطن� ‪ .‬حيث يجب ان تصل التكلفة‬ ‫خلق فرص عمل جديدة‬ ‫الجمالية لهذه الخطوة بما تتضمنه من أوراق وإجراءات مطلوبة‬ ‫إ‬ ‫ال�نامج‬ ‫يال ما يصل يال ‪ 130000‬دوالر‬ ‫أمريك ‪ .‬وبذلك سيصبح هذا ب‬ ‫ي‬ ‫هو انسب الخيارات المتاحة للحصول عىل الجنسية الكندية بشكل‬ ‫رسيع ف ي� حال كان هذا الخيار مناسب لك وسيمكنك من الحصول‬ ‫‪.‬عىل بعض الفوائد نتيجة إلنشاء فرع جديد لعملك ف ي� كندا‬

‫برنامج الهجرة اىل كيبيك لرجال أ‬ ‫العمال‬ ‫العمال هو البديل آ‬ ‫يعد برنامج الهجرة اىل كيبيك لرجال أ‬ ‫الخر‬ ‫ف‬ ‫ن‬ ‫للمستثمرين‪ .‬بحيث ي ن‬ ‫بالت�ع‬ ‫اغب� ي� االستثمار ب‬ ‫يتع� عىل االثرياء الر ي‬ ‫لك يتم تأهيلهم لهذا‬ ‫أمريك‬ ‫دوالر‬ ‫بقيمة تصل يال ‪650000‬‬ ‫ي ي‬ ‫الت�ع ف ي� الودائع الحكومية‬ ‫ال�نامج‪ .‬كما يجب ان يتم استثمار قيمة ب‬ ‫ب‬ ‫لمدة ‪ 5‬سنوات دون أية الفوائد‪ .‬ومع ذلك ليس �ض وري أن يتم‬ ‫دفع قيمة البملغ بالكامل مقدما‪ ،‬ولكن يمكن أ‬ ‫الخذ ف ي� االعتبار‬ ‫ً‬ ‫بعض التسهيالت التمويلية‪ .‬فيوجد عىل سبيل المثال خطط دفع‬ ‫توف� بعض التسهيالت ف ي� دفع القيمة المبدئية للمبلغ‬ ‫تعمل عىل ي‬ ‫ت‬ ‫أمريك‬ ‫‪.‬وال� تبلغ ‪ 170000‬دوالر‬ ‫ي‬ ‫ي‬ ‫ويمكن أ‬ ‫للثرياء الر ي ن‬ ‫اغب� ف ي� االستثمار بالتمتع باالقامة الدائمة ف ي�‬ ‫ين‬ ‫ال� ي ن‬ ‫المعروض� أعاله‬ ‫نامج�‬ ‫كندا فور استكمال إجراءات اي من ب‬ ‫والحصول عىل الموافقة‪ .‬وبعد مرور ي ن‬ ‫القامة الدائمة‬ ‫عام� عىل إ‬ ‫ومرور ‪ 3‬اعوام عىل االقامة بشكل عام ف ي� كندا‪ ،‬فسيمكنك ان‬ ‫‪.‬تتقدم بالطلب للحصول عىل الجنسية الكندية من خالل التجنيس‬

Citizenship by by Investment Investment Summer Summer 2016 2016 Citizenship

Mr. Bassel Zoueiter Founder, Encubate



Mr. Mr. Bassel Zoueiter

1. 1 Canyou youplease pleasetell tellus usmore moreabout aboutyour yourcompany company Can and how your immigration services are unique? and how your immigration services are unique? builtEncubate Encubateasasaareflection reflectionofofmy myown ownlife life IIbuilt experiences. As an immigrant and a business experiences. As an immigrant and a business professional,IIwanted wantedtotogive giveothers othersthe theguidance guidance professional, wishIIhad hadover overtwo twodecades decadesago agoasasIIwas wasgoing going IIwish through my immigration journey to North America. through my immigration journey to North America.

Interview Interview

Trust,honesty, honesty,and andstraightforwardness; straightforwardness;IIplanted planted Trust, theseseeds seedsininEncubate’s Encubate’score corevalues. values.Today, Today,our our these teamproudly proudlycontinues continuestotocarry carrythe thesame samemessage message team ourclients clientsasaswe wehelp helpthem themachieve achievetheir their totoour immigration objectives. immigration objectives. Whatisisreally reallyunique uniqueabout aboutus usisisour ourbelief beliefin in What specialization and that it is the key to mastering the specialization and that it is the key to mastering the services we offer. We adopted this philosophy since services we offer. We adopted this philosophy since dayone oneby byspecializing specializingininimmigration immigrationthrough through day businessincubation incubationand andinvestment, investment,which whichenabled enabled business us to establish a solid reputation. us to establish a solid reputation.

2. Pleasetell tellus usmore moreabout aboutthe theCanadian CanadianInvestor Investor Please programs,specifically specificallythe theBusiness BusinessImmigration Immigration programs, programsPNP PNPinvestors investorsand andhow howthey theyattract attract programs foreign national investors? foreign national investors? Thinkabout aboutthe thePNP PNPInvestor Investorimmigration immigration Think steamsasas“do “doitityourself” yourself”programs. programs.Investors Investors steams make equity-based investments and oversee the make equity-based investments and oversee the implementationof oftheir theirbusiness businessplans planswhile whilethey they implementation reducethe therisk riskassociated associatedwith withhaving havingsomebody somebody reduce elsemanage manageititon ontheir theirbehalf. behalf.That Thatisiswhy whythe the else PNP Investor programs are becoming popular, as PNP Investor programs are becoming popular, as theystand standout outon onmany manyfocal focalinvestment investmentpoints points they dueto tothe thefact factthat thatthey theyare areconsidered consideredaffordable, affordable, due secure,and andallow allowinvestors investorsto tohave havemore morecontrol control secure, over their businesses. over their businesses.

3. Arethere thereany anyPNP PNPInvestor Investorprograms programsyou youwould would Are highlyrecommend recommende.g. e.g.the theQuebec QuebecInvestor Investor highly programwith withaaminimum minimumrequired requiredinvestment investment program ($100,000)and anddo dohow howyou youapproach approachyour your ($100,000)

36 36 1

clients offering offering them them the the best best service service clients andresults? results? and There isis no no such such thing thing as as “the “the best”. best”. What What isis There good for one investor might not be suitable for good for one investor might not be suitable for another. Remember, Remember, this this isis immigration immigration another. through active active business business management, management, not not aa through passive investment. passive investment. Depending on on the the Investor’s Investor’s net net worth, worth, amount amount Depending of desired investment, and business ownership of desired investment, and business ownership experience, we we guide guide our our clients clients to to pick pick the the PNP PNP experience, Investor programs that are most suitable to their Investor programs that are most suitable to their profiles. Manitoba Manitoba PNP PNP and and Prince Prince Edward Edward profiles. Island PNP PNP are are good good choices choices for for those those who who want want Island to invest CAD $125,000 $150,000. British to invest CAD $125,000 - $150,000. British Columbia PNP PNP isis popular popular for for those those who who want want to to Columbia invest CAD CAD $200,000 $200,000 -- $400,000. $400,000. And And Ontario Ontario invest PNP isis aa great great choice choice for for those those who who want want to to PNP invest CAD $500,000 $800,000. invest CAD $500,000 - $800,000.

4. With aa volatile volatile market market and and oil oil prices prices down down to to With record level, level, many many wealthy wealthy families families from from the the aarecord GCC countries countries are are opting opting out out to to invest invest abroad, abroad, GCC how would you approach wealthy Arab families how would you approach wealthy Arab families offering your your expertise expertise and and services services to to invest invest offering inCanada? Canada? in The majority majority of of our our clients clients who who choose choose PNP PNP The Investor programs, programs, do do so so based based on on aa family family Investor decision.Whether Whether itit isis their their children’s children’s education, education, decision. safer environment environment for for their their families, families, or or aa aasafer relocation plan, plan, there there isis always always aa family family related related relocation motive that that drives drives immigration. immigration. motive As for for the the investment investment aspect aspect of of the the PNP PNP Investor Investor As programs, Canada has one of the world’s most programs, Canada has one of the world’s most stable markets, markets, and and till till date, date, isis standing standing strong. strong. stable With aa new new liberal liberal government government and and aa motivated motivated With Prime Minister, Minister, there there are are big big changes changes coming coming Prime down the the pipeline pipeline that that make make Canada Canada aa great great place place down to invest invest in. in. to

5. Pleasetell tellus usmore moreabout about the the benefits benefits of of PR PR Please throughinvestment investmentprograms? programs?We We understand understand through thereis: is:Business BusinessImmigration, Immigration, Citizenship Citizenship by by there

Our strength comes from the amount of knowledge tthat hat we give to our clients. Investment and and Residency Residency by by Investment. Investment. How How Investment do these options intertwine? do these options intertwine? Permanent residence residence isis aa step step that that precedes precedes Permanent citizenship. Think about it as a staging area in in citizenship. Think about it as a staging area which immigrants can prove their ability to which immigrants can prove their ability to become good good citizens citizens in in the the future. future. Residency Residency by by become Investment, and and similarly similarly Business Business Immigration, Immigration, Investment, require lower lower amounts amounts of of investment investment than than require Citizenship by Investment. Citizenship by Investment. They lead lead to to permanent permanent residence residence which which can can They easily be maintained, and allow obtaining legal easily be maintained, and allow obtaining legal status in durations of five to ten years, which status in durations of five to ten years, which could be be renewed renewed indefinitely. indefinitely. could Being aa permanent permanent resident resident permits permits an an immigrant immigrant Being to be treated just like a citizen, taking full to be treated just like a citizen, taking full advantage of of access access to to education, education, healthcare, healthcare, and and advantage government benefits. benefits. government

6. What isis your your strategy strategy servicing more wealthy Arab What families from from the the GCC GCC within the next 3 years? families Our strength strength comes comes from the amount of Our knowledge that we give give to our clients. Our strategy knowledge that we simple actually. actually. We We spend so much time and isis simple effort to to educate educate our our clients and empower them effort by fully fully understanding understanding their immigration rights by and obligations. obligations. We We give free consultations to all and our clients. clients. The The assessments assessments we provide them with our are extremely extremely valuable valuable as they become the core are element that that our our clients clients base their final element decision on. on. decision



immigration services under the Immigration and Refugee Protection Act (IRPA). We in good good standing standing of of We are are aa member member in the Consultants of of Canada Canada the Immigration Immigration Consultants Regularity (ICCRC). ¡ ¡ Regularity Council Council (ICCRC).

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Citizenship by Investment Summer 2016

Country Spotlight

Hungary Country Spotlight

Ü Quick Facts è Capital City: Budapest è Population: 9,897,000 è Nominal GDP: USD 133.4 billion è Government: Parliamentary republic

the Carpathian Basin. Hungary is bordered by Slovakia to the north, Romania to the east, Serbia to the south, Croatia to the southwest, Slovenia to the west, Austria to the northwest, and Ukraine to the northeast. Part of Hungary’s allure to tourists can be attributed to its fascinating history as it is a mesmerising example of a society that has transitioned from communism to a multi-party democracy with a free market economy. Hungary was acceded to the European Union in 2004.

è President: János Áder è Prime Minister : Viktor Orbán è Ethnic groups: 92.3% Hungarian, 1.9% Roma, 5.8% Other.

Ü Hungary at a Glance Hungary is regarded as one of the most popular tourist destinations in Central Europe, for example it attracted 10.675 million tourists in 2013 who were only too happy to explore what the country has to offer for those who visit. It is completely landlocked and can be located in


Geographically speaking, Hungary is famed for its two main waterways: these being the Danube and Tisza rivers. When discussing location specific areas in Hungary, it is common for people to refer to portions of the country in relation to their positions with the rivers, for example: “you can find it beyond the Danube”. Not only are these two rivers vital landmarks, but Hungary also boasts ownership of the largest lake in Central Europe (Lake Balaton), as well as the largest thermal lake in the world (Lake Hévíz). The combination of water sights provide for numerous breathtaking views across the country and the picturesque landscape is certainly something to be experienced first-hand. Hungary has 10

national parks, 145 minor nature reserves, and 35 landscape protection areas which should keep the keen traveller occupied for a lengthy period of time. Its climate is typically European continental, meaning the summers are hot but are met also with frequent rainstorms, and the winters and mildly cold and often feature snow. The average temperature is 9.3 degrees Celsius, but the extremes can vary widely, from as high as the 40s and as low as the minus 30s.

Ü Politics Hungary is a parliamentary representative democratic republic. The President is the Head of State, but the position is largely a ceremonial one, whereas the head of Government is the Prime Minister who holds executive power. The current party in power is Fidesz who are a conservative party, and their main opposition comes from the Hungarian Socialist Party and the Jobbik party. Their legislative power derives from both the government and their parliament: it is exercised by the unicameral National Assembly

Citizenship by Investment Summer 2016

that consists of 199 members. Members of the National Assembly are elected for four years. Cabinet ministers are selected by the Prime Minister who also has the right to dismiss them during their term. Ministers of Hungary are appointed to the following areas: home affairs, rural development, defence, national development, human resources, foreign affairs, administration and justice, and national economic affairs. The executive powers are kept in check by Hungary’s judicial branch, a fifteen member constitutional court which has the power to challenge legislation put forward by the National Assembly on grounds of unconstitutionality. Members of the constitutional court are elected for periods of twelve years. Using their supermajorities, the Fidesz and KDNP parties passed a media law in 2010 which can impose fines on the media for engaging in what they term “unbalanced coverage”. There was

also a new constitution imposed by them in 2012 that modified several aspects of the institutional and legal framework in Hungary – this was widely criticised by the European parliament and other international bodies who have called for stronger checks and balances over the power the executive has legislated for itself.

Ü Foreign Relations Ever since the revolution from communism into democracy in 1989, it’s top foreign policy has been to integrate itself into Western economic and security organisations. It has also worked to thaw out cold relationships with many of its neighbouring countries: for example, it has signed treaties with Romania, Slovakia, and Ukraine, which renounce all outstanding territorial claims and lay the foundation for constructive relations. Although these attempts are being made, there can still be some tension and disagreements between the countries, particularly in relation to the treatment of Hungarian minority rights }}}

Hungary is regarded as one of the most popular tourist destinations in Central Europe, for example it attracted 10.675 million tourists in 2013 who were only too happy to explore what the country has to offer for those who visit.


Country Spotlight

Citizenship by Investment Summer 2016

in Romania, Slovakia and Serbia, but progress is being made and, as the saying goes, Rome wasn’t built in a day.

Ü Economy Hungary has a high income economy of mediumsize, and it is part of the European Union’s single market. With the changes taking place in 1989 from communism to democracy, obviously there were very large changes to the country’s financial system as it made the transition from a socialist economy to a market economy. It operates using the currency known as the Forint (HUF), and is one of the few member states of the European Union not to adopt the Euro currency. The private sector amounts to around 80% of Hungary’s gross domestic product (GDP) and foreign ownership and investment in Hungarian firms are plentiful, calculated to equal almost USD 70 billion in direct investment from foreign sources. Previously, foreign investment was placed into mostly low level industries like textiles and food, however, more recently there have been large investments in industries such as luxury vehicle production, renewable energy systems, high-end tourism, and information technology. Hungary's main industries are mining, metallurgy, construction materials, processed foods, textiles,


chemicals (especially pharmaceuticals), and motor vehicles. Hungary's main agricultural products are wheat, corn, sunflower seed, potatoes, sugar beets; pigs, cattle, poultry, and dairy products.

Ü Education & Innovation A quite incredible thirteen Nobel Prize winners have been either Hungarian or Hungarian-born since the award’s inception, and accordingly Hungary has developed a great reputation for theoretical advancement, particularly in the field of mathematics.

Leó Szilárd, Eugene Wigner, Rudolf E. Kálmán, and Edward Teller emigrated to the United States. Some of the important inventions derived from Hungarian citizens, many of them mentioned above, include the development of holography, the theory of thermonuclear fusion, the modern cathode ray tube, the ballpoint pen and even the Rubix cube!

Ü Hospitable Hungary

Hungary's higher education and training system has been ranked 44 out of 148 countries in the Global competitiveness Report 2013/2014 and clearly it is a culture that places academic achievement highly in its list of desirable attributes for its citizens.

Hungary has developed throughout its rich history into one of the most fascinating locations in Central Europe. Its high tourist rate can be ascribed to its sprawling landscapes, plentiful rivers and stunning architecture, and that’s before mentioning the wonderful cultures and traditions that its citizens embrace.

Famous Hungarian mathematicians include father Farkas Bolyai and son János Bolyai, who was one of the founders of non-Euclidean geometry; Paul Erdős, famed for publishing in over forty languages and whose Erdős numbers are still tracked; and John von Neumann, a key contributor in the fields of quantum mechanics and game theory, a pioneer of digital computing, and the chief mathematician in the Manhattan Project. Many Hungarian scientists, including Erdős, von Neumann,

With a fast growing economy right in the heart of Europe, Hungary is a key figure in the international landscape and should definitely not be ignored. Although it is unique in how different its language is as compared to the other Central European countries that neighbour it, the potential visitor/investor should not feel intimidated to interact with its people. The position of Hungary can be likened to its rivers: calm and steady but consistent in its current toward growth.

‫‪Citizenship by Investment Summer 2016‬‬

‫لمجر‪ :‬تسليط الضوء عىل عوامل الجذب ف ي� البلد‬ ‫لمحات خاطفة عن المجر‬ ‫العاصمة‪ :‬بودابست‬ ‫عدد السكان‪9,897,000 :‬‬ ‫أمريك‬ ‫المحل الظاهري‪ 133.4 :‬مليار دوالر‬ ‫جمال‬ ‫الناتج إ‬ ‫ي‬ ‫ال ي‬ ‫ي‬ ‫ ‪:‬الحكومة‬ ‫جمهورية برلمانية‬ ‫ •‬ ‫رئيس الدولة‪ :‬يانوش أدير‬ ‫ •‬ ‫رئيس الوزراء ‪-‬فيكتور أوربان‬ ‫ين‬ ‫المجري�‪ ٪ 1.9 ،‬من الرومان‪٪ 5.8 ،‬‬ ‫الجماعات عرقية‪ ٪ 92.3 :‬من‬ ‫‪.‬من اصول اخري‬

‫ف‬ ‫قص�ة‬ ‫المجر ي� لمحة ي‬

‫تعت� المجر واحدة من الوجهات السياحية أ‬ ‫ال ثك� شعبية ف ي� أوروبا‬ ‫ب‬ ‫الوسطى‪ ،‬عىل سبيل المثال فقد جذبت البلد ‪ 10675000‬سائح‬ ‫ف� عام ‪ 2013‬والذين كانوا ث‬ ‫أك� من سعداء الستكشاف ما يمكن‬ ‫ي‬ ‫ساحل عىل االطالق‪،‬‬ ‫ان تقدمه المجر لزوارها‪ .‬وهي تعد بلد يغ�‬ ‫ي‬ ‫ف‬ ‫بحيث تقع ي� حوض جبال الكاربات‪ .‬وتحد المجر من الشمال‬ ‫سلوفاكيا ورومانيا من ش‬ ‫ال�ق ورصبيا من الجنوب وكرواتيا من‬ ‫الجنو�‬ ‫الجانب‬ ‫الغرب� وسلوفينيا من الغرب والنمسا من الجانب‬ ‫بي‬ ‫يي‬ ‫الغر� وأوكرانيا من الجانب الشمال ش‬ ‫ال� ق ي� ‪ .‬ويعد تاريخ‬ ‫الشمال‬ ‫ب‬ ‫ي‬ ‫ي‬ ‫ي‬ ‫المجر الرائع هو عنرص من عنارص الجاذبية للسياح‪ ،‬بحيث يعد‬ ‫تاريخها مثال رائع للمجتمع الذي تحرر من النظام الشيوعي واتجه‬ ‫يال النظام الديمقراطي ذو االحزاب المتعددة واقتصاد السوق‬ ‫أ‬ ‫ورو� ف ي� عام ‪2004.‬‬ ‫الحر‪ .‬وقد انضمت المجر إىل االتحاد ال ب ي‬ ‫وتشتهر المجر من الناحية الجغرافية بممرات المياه الرئيسية‬ ‫وهما نهري الدانوب وتيسا‪ .‬ومن الشائع ان يش� أ‬ ‫الشخاص إىل‬ ‫ي‬ ‫أجزاء البلد وفقا لمواقع أ‬ ‫النهار او لموقعهم حول االنهار عند‬ ‫عل ذلك‪:‬‬ ‫مثال‬ ‫بالبلد‪،‬‬ ‫المحددة‬ ‫المناطق‬ ‫مناقشة مواقع بعض‬ ‫ي‬ ‫"يمكنك ايجاده بنهاية نهر الدانوب"‪ .‬وال يعد هذين النهرين فقط‬ ‫أك�‬ ‫المعالم الحيوية للبلد‪ ،‬ولكن تفتخر المجر أيضا بامتالكها ب‬ ‫ف‬ ‫بالضافة يال امتالكها‬ ‫(بح�ة باالتون)‪ ،‬إ‬ ‫بح�ة ي� أوروبا الوسطى ي‬ ‫ي‬ ‫أك� بح�ة حرارية ف‬ ‫(بح�ة ي ز‬ ‫هيف�) ‪ .‬ويوفر هذا المزيج من‬ ‫العالم‬ ‫�‬ ‫ي‬ ‫ي‬ ‫ب‬ ‫ي‬ ‫المشاهد المائية العديد من المناظر أ‬ ‫الخذه ف ي� جميع أنحاء البلد‪،‬‬ ‫ال� ت‬ ‫ت‬ ‫س�اها‬ ‫هذا إ‬ ‫بالضافة يال مشاهدة المناظر الطبيعية الخالبة ي‬ ‫بع�ة نز‬ ‫بالتأكيد الول مره ف ي� حياتك‪ .‬وتتمتع المجر ش‬ ‫مت�هات وطنية‬ ‫صغ�ة و‪ 35‬محمية طبيعية ذات المناظر‬ ‫و‪ 145‬محمية طبيعية ي‬ ‫ت‬ ‫ال� ستنال انتباه زائرنا لمدة طويلة من الوقت‬ ‫‪.‬الطبيعية ي‬ ‫أ‬ ‫حارا‬ ‫ويوصف مناخ البلد بمناخ القارة الوروبية‪ ،‬والذي يعد ً‬ ‫بالصيف ولكن مع وجود العواصف المتكررة‪ ،‬وبارد بالشتاء قليال‬ ‫مع نزول الثلوج‪ .‬وبذلك يعد متوسط درجة الحرارة هي ‪ 9.3‬درجة‬ ‫مئوية‪ ،‬ولكن قد يحدث النقيض تماما لتصل درجة الحرارة يال ‪40‬‬ ‫‪.‬درجة بالصيف وتنخفض يال ‪ 30‬درجة تحت الصفر ف ي� الشتاء‬



‫أيضا الحق ف� عزلهم خالل تف�ة رئاستهم‪ .‬ويتم ي ن‬ ‫تعي� الوزراء ف ي�‬ ‫ي‬ ‫المجر للمجاالت التالية‪ :‬الشؤون الداخلية والتنمية الريفية والدفاع‬ ‫والتنمية الوطنية والموارد ش‬ ‫الب�ية والشؤون الخارجية والشئون‬ ‫‪.‬االدارية والعدل والشؤون االقتصادية الوطنية‬ ‫ويتم مراجعة السلطات التنفيذية من قبل السلطة القضائية ف ي�‬ ‫ت‬ ‫وال� تعد محكمة دستورية مكونة من خمسة ش‬ ‫ع� عضوا‪،‬‬ ‫هنغاريا‪ ،‬ي‬ ‫الت�يعات ت‬ ‫والذين لديهم القدرة عىل تحدي ش‬ ‫ال� تم عرضها من‬ ‫ي‬ ‫قبل الجمعية الوطنية ألسباب تتعلق بعدم دستوريتها‪ .‬ويتم‬ ‫ن‬ ‫‪.‬انتخاب أعضاء المحكمة الدستورية ت‬ ‫لف�ات تصل ال إث� ش‬ ‫ع� عاما‬ ‫ي ي‬ ‫حز� فيدس وحزب الشعب الديمقراطي المسيحي‬ ‫وقد أصدر ب ي‬ ‫أ‬ ‫العالم ف ي� عام ‪KDNP‬‬ ‫نتيجة للغلبية العظمي قانون لوسائل إ‬ ‫العالم ت‬ ‫ال�‬ ‫وسائل‬ ‫عىل‬ ‫امات‬ ‫ر‬ ‫غ‬ ‫فرض‬ ‫عل‬ ‫ينص‬ ‫والذي‬ ‫‪،2010‬‬ ‫إ‬ ‫ي‬ ‫ي‬ ‫ين‬ ‫الحزب�‬ ‫الغ� المتوازنة "‪ .‬وقد تمكن‬ ‫تشارك بما يسمي " التغطية ي‬ ‫أيضا من فرض دستور جديد ف ي� عام ‪ 2012‬ليتم تعديل عدة عنارص‬ ‫ن‬ ‫المؤسس‬ ‫بإطار العمل‬ ‫والقانو� ف ي� هنغاريا‪ .‬ولكن تم انتقاد مثل‬ ‫ي‬ ‫ي‬ ‫أ‬ ‫ورو� والهيئات‬ ‫هذا الدستور عىل نطاق واسع من قبل ب‬ ‫ال�لمان ال ب ي‬ ‫الدولية أ‬ ‫الخرى‪ ،‬الذين دعوا يال الحفاظ عىل الضوابط القوية‬ ‫ش‬ ‫‪.‬والتوازن دون ان ت�ع السلطة التنفيذية المزيد من القوة لنفسها‬

‫العالقات الخارجية‬ ‫تعد السياسة الخارجية للبلد قائمة عىل اندماج المنظمات‬ ‫االقتصادية أ‬ ‫والمنية الغربية منذ الثورة لالنتقال من الشيوعية إىل‬ ‫الديمقراطية ف ي� عام ‪ .1989‬وقد سعت ايضا السياسة الخارجية‬ ‫للبلد يال إذابة الجليد ف ي� العالقات الباردة مع العديد من الدول‬ ‫عل ذلك‪ ،‬فقد وقعت البلد عىل العديد من‬ ‫المجاورة‪ .‬مثال ي‬ ‫المعاهدات مع رومانيا وسلوفاكيا وأوكرانيا لتتنازل عن أي مطالب‬ ‫إقليمية عالقة مع هذه الدول وتضع أ‬ ‫الساس لعالقات جديدة بناءة‪.‬‬ ‫وعىل الرغم من بذل كل هذه المحاوالت‪ ،‬لكن ال يزال هناك بعض‬ ‫التوتر والخالفات مع بعض الدول‪ ،‬خاصة فيما يتعلق باتفاقية‬ ‫حقوق أ‬ ‫القلية المجرية ف ي� رومانيا وسلوفاكيا ورصبيا‪ .‬ولكن ال يزال‬ ‫ف‬ ‫ن‬ ‫‪".‬هناك تقدم ملحوظ‪ ،‬وكما يقول المثل "لم بت� روما ي� يوم واحد‬ ‫االقتصاد تتمتع المجر بدخل اقتصادي مرتفع ناتج عن ش‬ ‫الم�وعات‬ ‫المتوسطة‪ ،‬حيث تعد البلد جزء من السوق أ‬ ‫الوربية الموحدة‪ .‬فمع‬ ‫التغ�ات ف ي� عام ‪ 1989‬واالنتقال من الشيوعية‬ ‫حدوث العديد من ي‬ ‫كب�ة جدا‬ ‫تغ�ات ي‬ ‫إىل الديمقراطية‪ ،‬فمن الواضح أنه قد حدثت ي‬ ‫المال بالبلد يك يتم تسهيل عملية االنتقال من االقتصاد‬ ‫للنظام‬ ‫ي‬ ‫ت‬ ‫اك إىل اقتصاد السوق‪ .‬وتتعامل البلد بالعملة المعروفة باسم‬ ‫االش� ي‬ ‫وبذلك تعد البلد واحدة من عدد قليل من الدول ‪ (HUF)،‬فورينت‬ ‫أ‬ ‫أ‬ ‫ف‬ ‫ت‬ ‫ح� االن‬ ‫‪.‬العضاء ي� االتحاد ال ب ي‬ ‫ورو� الذين لم يتبنوا عملة اليورو ي‬ ‫وتبلغ قيمة القطاع الخاص إىل ما يصل يال ‪ ٪ 80‬من ناتج‬ ‫أ‬ ‫المحل للمجر‬ ‫جمال‬ ‫بحيث تتوفر الممتلكات الجنبية ‪ (GDP)،‬إ‬ ‫ال ي‬ ‫ي‬ ‫ت‬ ‫واالستثمارات ف ي� ش‬ ‫وال� تقدر بقيمة ‪ 70‬مليار‬ ‫ال�كات المجرية‪،‬‬ ‫المبا�ة يمن المصادر أ‬ ‫ش‬ ‫الجنبية‪.‬‬ ‫دوالر ناتجة عن االستثمارات‬ ‫أ‬ ‫جن� ف ي� الصناعات ذات المستوى‬ ‫وقد تم ضخ هذا االستثمار ال ب ي‬ ‫المنخفض ف ي� الغالب مثل صناعة المنسوجات والمواد الغذائية‪،‬‬ ‫أ‬ ‫ف آ‬ ‫خ�ة ف ي�‬ ‫كب�ة ي� الونة ال ي‬ ‫ومع ذلك تم ضخ االستثمار بمستويات ي‬ ‫صناعات مثل إنتاج السيارات الفاخرة ونظم الطاقة المتجددة‬ ‫والسياحة عالية المستوي وتكنولوجيا المعلومات‪ .‬وتعد الصناعات‬ ‫الرئيسية ف� المجر هي التعدين والمعادن ومواد البناء أ‬ ‫والغذية‬ ‫ي‬ ‫المصنعة والمنسوجات والمواد الكيميائية (وخاصة أ‬ ‫الدوية)‬ ‫والسيارات‪ .‬كما تعد المنتجات الزراعية الرئيسية ف ي� البلد هي‬ ‫القمح والذرة وبذور عباد الشمس والبطاطس والشمندر السكري‬ ‫والبقار والدواجن ومنتجات أ‬ ‫‪.‬والخنازير أ‬ ‫اللبان‬

‫تعد المجر هي جمهورية برلمانية ديمقراطية‪ .‬يحيث يصبح رئيس‬ ‫كب�‬ ‫الجمهورية هو رئيس الدولة‪ ،‬ولكن يعد المنصب إىل حد ي‬ ‫ش� ًفيا‪ ،‬ف� ي ن‬ ‫ح� يعد رئيس الحكومة هو رئيس الوزراء والذي يتوىل‬ ‫ي‬ ‫الحال ذو السلطة هو حزب فيدس‬ ‫الحزب‬ ‫ويعد‬ ‫التنفيذية‪.‬‬ ‫السلطة‬ ‫ي‬ ‫ن‬ ‫ين‬ ‫المحافظ�‪،‬‬ ‫المد� المجري‪ ،‬والذين يتم اعتبارهم حزب‬ ‫– االتحاد‬ ‫ي‬ ‫ت‬ ‫اك‬ ‫بحيث يتم تسليط معارضتهم بشكل‬ ‫رئيس عىل الحزب االش� ي‬ ‫ي‬ ‫المجري وحزب جوبيك‪ .‬ويستمد حزب فيدس السلطة ش‬ ‫الت�يعية‬ ‫وال�لمان‪ ،‬حيث تم مراجعة هذه السلطة‬ ‫من كل من الحكومة ب‬ ‫ن‬ ‫ش‬ ‫يعية‬ ‫الوط�‬ ‫الت�يعية من قبل المجلس‬ ‫ّ‬ ‫المكون من هيئة شت� ّ‬ ‫ي‬ ‫واحدة ليبلغ عدد أعضائها ‪ 199‬عضو‪ .‬ويتم انتخاب أعضاء هذه‬ ‫‪.‬الجمعية الوطنية لمدة أربع سنوات‬

‫التعليم واالبتكار‬

‫كما يتم اختيار وزراء الحكومة من قبل رئيس الوزراء الذي لديه‬

‫جدير بالذكر انه تم منح ثالثة ش‬ ‫ع� جائزة نوبل لفائزين إما كانوا‬

‫من المجر أو ِمن َمن تم والدتهم بالمجر‪ .‬وبالتال فقد ي ز‬ ‫تم�ت‬ ‫ي‬ ‫المجر بسمعة رائعة فيما يتعلق بالتقدم النظري‪ ،‬ال سيما ف ي� مجال‬ ‫علم الرياضيات‪ .‬وقد تم تصنيف مستوي نظام التعليم والتدريب‬ ‫العال ف ي� المجر بالمستوي ال ‪ 44‬من أصل ‪ 148‬دولة ف ي� تقرير‬ ‫ي‬ ‫التنافسية العالمية لعام ‪ ،2013/2014‬مما يوضح الدور البارز‬ ‫أ‬ ‫ف‬ ‫ف‬ ‫النجاز ال كاديمي ي� قائمة االهداف‬ ‫الذي تلعبه الثقافة ي� وضع إ‬ ‫ين‬ ‫المواطن� بالبلد‪ .‬وتشمل قائمة علماء الرياضيات‬ ‫المرغوبة لدي‬ ‫االك� شهرة أ‬ ‫المجري� ث‬ ‫ين‬ ‫الب‬ ‫‪ János Bolyai‬واالبن ‪Farkas Bolyai‬‬ ‫الغ� إقليدية‪ ،‬و بول‬ ‫الذي كان واحدا من‬ ‫مؤسس علم الهندسة ي‬ ‫ي‬ ‫ت‬ ‫ين‬ ‫إيردوس الذي اشتهر ش‬ ‫وال� ال‬ ‫بالن� فيما يزيد عن‬ ‫أربع� لغة ي‬ ‫ح� أ‬ ‫ت‬ ‫الن‪ ،‬و جون فون نيومان الذي‬ ‫يزال يتم متابعة عدد إصداراته ي‬ ‫كب� ف ي� مجال ميكانيكا الكم و نظرية المباريات‪ ،‬وهو من‬ ‫ساهم بشكل ي‬ ‫رواد الحوسبة الرقمية‪ ،‬ويعد ايضا رئيس مجموعة علم الرياضيات‬ ‫ين‬ ‫ف ي� ش‬ ‫المجري� الذين‬ ‫م�وع مانهاتن‪ .‬ويوجد ايضا العديد من العلماء‬ ‫ف‬ ‫هاجروا إىل الواليات المتحدة‪ ،‬بما ي� ذلك اردوس وفون نيومان وليو‬ ‫ويوج� ن‬ ‫ين‬ ‫فيغ� ورودولف كالمان وإدوارد تيلر‬ ‫‪.‬سز يالرد‬ ‫ت‬ ‫ال� تم استخالصها من‬ ‫كما يوجد العديد من االبتكارات الهامة ي‬ ‫ين‬ ‫ين‬ ‫الكث� منهم أعاله بما ف ي� ذلك تطور‬ ‫المواطن�‬ ‫المجري�‪ ،‬وتم ذكر ي‬ ‫أ‬ ‫ث‬ ‫ثال� البعاد ونظرية االندماج النووي الحراري‬ ‫نظام التصوير ي‬ ‫الح�ي وصوال يال مكعب‬ ‫وأنبوب أشعة الكاثود الحديث والقلم ب‬ ‫!الروبيك‬

‫اصول الضيافة ف ي� المجر‬ ‫تطورت المجر لتصبح واحدة من ث‬ ‫أك� المواقع الرائعة ف ي� أوروبا‬ ‫الوسطى نتيجة لتاريخها ن‬ ‫الغ� ‪ .‬ويمكن أن يرجع رس ارتفاع معدل‬ ‫ي‬ ‫السياحة بالبلد إىل تمتعها بالمناظر الطبيعية الموجودة عىل أطراف‬ ‫البلد أ‬ ‫بالضافة يال‬ ‫والنهار‬ ‫الوف�ة والهندسة المعمارية المذهلة‪ ،‬إ‬ ‫ي‬ ‫تمسك مواطنيها بالثقافات والتقاليد الرائعة‪ .‬كما تتمتع المجر‬ ‫ض‬ ‫التغا� عنه‪ ،‬وذلك نتيجة لنمو‬ ‫دول متفرد ال يمكن‬ ‫بمشهد ي‬ ‫ي‬ ‫اقتصاد البلد بشكل رسيع وموقعها بقلب أوروبا‪ .‬فعىل الرغم‬ ‫من كونها فريدة ف ي� مدى اختالف لغتها بالمقارنة مع بلدان أوروبا‬ ‫الوسطى أ‬ ‫الخرى المجاورة‪ ،‬لكن ال يجب أن يشعر اي زائر محتمل‬ ‫ف‬ ‫او مستثمر بالخوف او وجود صعوبة ي� التفاعل مع شعبها‪ .‬وبذلك‬ ‫يمكن تشبيه المجر بأنها هادئة وثابتة ولكن تجري مع التيار ف ي�‬ ‫‪.‬اتجاه النمو تماما مثل موقعها الفريد وانهارها المتعددة‬

Citizenship by Investment Summer 2016

Laszlo Gaal MD, Residency Bond 1. Residency Bond Program Ltd. is a multi-award winning Investment Immigration team in Hungary. What makes your team unique from other competitors? We do not play the “expert advisor role”, we just collaborate. We know that the future of their family is the most important for our clients.


Working closely together with them, we aim to find the solution that satisfies most of their needs. The customer knows what he wants; we know what is possible, so the result is the best possible solution. Collaboration is our mission.

2. The Hungarian Residency Bond Program offers Hungarian permanent residency under preferential conditions for non-EU nationals willing to invest into government residency bonds. Please tell us more about the benefits of this compared to the classical programs (e.g. investing in Real Estate or Business)? If you buy a real estate in a foreign country, you can never be sure about the current or the future value of the property, just as with opening a business in a foreign country. Who knows what the outcome will be in five years’ time? If you invest in government bonds, you see the future pretty clearly. You pay EUR 300,000 today and after five years you will get back EUR 300,000. The other main benefit of investing in government bonds is that it takes a mere day or two, whereas buying a business, or a real estate is an extremely time-consuming process.




How would you approach wealthy Arab families offering your expertise and services to invest in Hungary? The world is changing, and investors need new targets. Hungary is an emerging and open economy, with an overt encouragement of foreign investment. Partnerships with potential investors are considered a national priority; special attention is paid to the needs of companies already settled in Hungary and to the further improvement of the business climate. Residency Bond Program Ltd. is your Hungarian partner. We work with you to obtain a Hungarian residence permit and to find the best investment opportunities.

4. You also offer your services for Cyprus, Malta and Antigua & Barbuda. Tell us a bit more and if you compare these countries (obviously well known for their citizenship by investment programs), what would you say differentiates Hungary’s residency (bond) program from those classical citizenship by investment programs? We offer a variety of investment immigration options. Each of them is the best in one sense or another. The Hungarian program only provides permanent residence, but it is the best value for the money. Cyprus citizenship is the most expensive, but it is also the most satisfying solution. Antigua and Barbuda do not offer European citizenship, but a wide range of visa-free travel for a reasonable price. Hungary stands out from the crowd with its easy, fast, safe program.



What is your strategy servicing more wealthy Arab families from the GCC within the next 3 years?

With a volatile market and oil prices down to a record level, many wealthy families from the GCC countries are opting out to invest abroad.

Our strategy is very simple: Each client being equally important to us, we always do our best to satisfy our client’s needs. We think that wealthy

Laszlo Gaal Arab families from the GCC have the same intention as other investors: they work for their families’ future. We are also aware that they know business very well, and they are only satisfied with the best. Indeed, we agree.

We offer a variety of investment immigration options. Each of them is the best in one sense or another.

Citizenship by Investment Summer 2016

Country Spotlight

Liechtenstein Country Spotlight

Ü Liechtenstein – An Introduction


The miniscule country of Liechtenstein is located next to its neighbour Switzerland to the west and Austria to the east. When people think of Liechtenstein, most people picture a kind of fairy-tale city, small in scope and vast in wealth. Its snowy mountain scenery and picturesque medieval style castles make it look like a set straight out of a Disney movie. This vision is not actually too far from reality – this is the perfect secret destination for high net worth investors seeking a quiet, safe and luxurious place to comfortably settle down.

it is also one of the wealthiest states in terms of GDP per capita, only beaten by Qatar and Luxembourg. Despite the vast riches of its citizens, Lichtenstein actually has more companies registered under its province than it does citizens! A large portion of the rationale behind setting up a business in Lichtenstein is due to its very low business taxes. With a corporate tax rate of 12.5%, the only other country in Europe who can boast lower rates is Andorra with a 10% maximum tax rate. Its Rules of Incorporation which are required to start a business are also easier to meet than most other countries. These factors partly result in Liechtenstein being a fantastic location in which to start and maintain a business.

The fourth smallest state in Europe, it was born as a result of a union between the previous County of Vaduz (1712) and the lands of Schellenberg by the Princes of Liechtenstein. Although small,

Liechtenstein’s reputation as a haven for wealthy investors was not always secure. In fact, following the end of the war in Europe, it was forced to sell many of its national treasures in order to

Liechtenstein is the perfect location or investors seeking a calm, peaceful, prosperous country to do business with.

Citizenship by Investment Summer 2016

survive financially, including a portrait drawn by Leonardo Da Vinci which was purchased by an organisation in America for 5 million USD, then a record amount for such a painting. In order to escape these poor financial straits, the country lowered its corporation tax rates in the 1970s. This led to a large number of companies incorporating there, and as a result the country became one of the wealthiest in the world, enjoying one of the highest standards of living. Outside investment in Lichtenstein’s growing economy saw it develop a successful, highly industrialised free-enterprise economy. In terms of industry involvement, a large sector that brings in revenue is ceramics. In fact, Liechtenstein has the strange title of being the world’s most prominent provider of false teeth!

Other industries include electronics, textiles, precision instruments, metal manufacturing, power tools, anchor bolts, calculators, pharmaceuticals, and food products. It’s most recognizable international company and largest employer is Hilti, a manufacturer of direct fastening systems and other high-end power tools. Liechtenstein produces wheat, barley, corn, potatoes, dairy products, livestock, and wine. Tourism accounts for a large portion of the country's economy. It has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the European Union) since May 1995.

Outside investment in Lichtenstein’s growing economy saw it develop a successful, highly industrialised freeenterprise economy.

Culturally, as Liechtenstein is small, it has adopted much of the cultural traits of the neighbours who surround it, such as Austria, }}}


Citizenship by Investment Summer 2016

Baden-Wurttemberg, Bavaria, Switzerland, and specifically Tirol and Vorarlberg. The "Historical Society of the Principality of Liechtenstein" plays a role in preserving the culture and history of the country.

Country Spotlight

In order to redeem the prior situation in which the country was forced to sell much of its fine arts in order to prosper, it now is home to the Private Art Collection of the Prince of Liechtenstein, which can be found at the Liechtenstein museum in Vienna, and holds claim to being the world’s leading private art collections.


A country of peace, Liechtenstein has no military as it is one of the only countries in the world which operates under the principle of neutrality. In fact, the last surviving soldier of the army of Liechtenstein died in 1939 at age 95; the demise of the German confederation meant that the country could disband the small 80 man army it once has and Parliament took the opportunity to refuse to provide funding for a new replacement army. The Liechtenstein National Police force totals 125 employees and even then these people have little to do as the country boasts one of the lowest crime rates globally. Liechtenstein is

the perfect location or investors seeking a calm, peaceful, prosperous country to do business with. The comparatively flexible rules of incorporation and low corporate tax rates make it a haven for business owners and start-ups and its picturesque snow coated landscape is not too hard on the eyes either. With a high standard of living quality and low crime rates, Liechtenstein is a safe and secure investment for any HNWI looking to live a stable life with all of the luxuries that come with it.

‫‪Citizenship by Investment Summer 2016‬‬

‫ليختنشتاين‪ :‬تسليط الضوء عىل عوامل الجذب ف ي� البلد‬ ‫ليختنشتاين‪-‬مقدمة حول البلد‬ ‫الصغ�ة جارتها سويرسا من الغرب والنمسا‬ ‫تحد دولة ليختنشتاين‬ ‫ي‬ ‫من ش‬ ‫ال�ق‪ .‬وعندما يفكر الناس ف ي� ليختنشتاين‪ ،‬فمعظمهم يتخيلها‬ ‫صغ�ة ذات ثورة ضخمة مثل ت‬ ‫ال� يتم وصفها بالحكايات‬ ‫كدولة‬ ‫ي‬ ‫ي‬ ‫ن‬ ‫كرتو� شل�كة‬ ‫الخرافية‪ .‬حيث تبدو البلد وكأنها جزء من فيلم‬ ‫ي‬ ‫ن‬ ‫ديز� لما تحتويه من مشاهد جبال ثلجية خالبة وقالع قديمة منذ‬ ‫ي‬ ‫ف‬ ‫و� الحقيقة‪ ،‬هذه‬ ‫القرون الوسطي ذات تصميم فاتن خالب‪ .‬ي‬ ‫بكث� عن الواقع‪ ،‬حيث تعد البلد هي‬ ‫الرؤية الخيالية ليست بعيدة ي‬ ‫الوجهة الرسية المثالية للمستثمرين ذوي ثروة مالية ضخمة والذين‬ ‫‪.‬يرغبون بالتمتع بمكان هادئ وآمن وفاخر ليستقروا فيه دون تعب‬ ‫وتعد البلد هي رابع أصغر دولة ف ي� أوروبا‪ ،‬حيث تم تأسيسها عندما‬ ‫قام أ‬ ‫المراء ف� ليختنشتاين بعقد اتحاد ي ن‬ ‫ب� مقاطعة فادوز سابقا‬ ‫ي‬ ‫ض‬ ‫ا�‬ ‫وعىل الرغم من مساحتها‬ ‫ي‬ ‫الصغ�ة‪ )1712( Schellenberg. ،‬وأر ي‬ ‫ن‬ ‫جمال‬ ‫أغ� الدول من حيث الناتج إ‬ ‫ال ي‬ ‫ولكنها تعد أيضا واحدة من ي‬ ‫ولوكسم�ج‪.‬‬ ‫المحل للفرد الواحد‪ ،‬بحيث يعلوها فقط دولة قطر‬ ‫ب‬ ‫ي‬ ‫ال�وات الطائلة ت‬ ‫وعىل الرغم من ث‬ ‫ال� يمتلكها مواطنيها‪ ،‬ولكن ف ي�‬ ‫ي‬ ‫الواقع تمتلك امارة ليختنشتاين العديد من ش‬ ‫ال�كات المسجلة ف ي�‬ ‫إطار إقليمها ث‬ ‫تعت� ال�ض ائب التجارية‬ ‫أك� مما يمتلك مواطنيها! كما ب‬ ‫الرئيس المنطقي وراء توجه العديد‬ ‫السبب‬ ‫هي‬ ‫المنخفضة جدا‬ ‫ي‬ ‫إلنشاء أعمال تجارية ف ي� ليختنشتاين‪ .‬حيث يبلغ معدل ال�ض يبة‬ ‫ال�كات نسبة ‪ ،12.5٪‬لتصبح أندورا هي البلد آ‬ ‫عىل ش‬ ‫الخر الوحيد‬ ‫ف ي� أوروبا الذي يعرض معدالت �ض يبة اقل من ليختنشتاين ليصل‬ ‫الحد أ‬ ‫القىص لمعدل ال�ض يبة يال ‪ .٪ 10‬كما يسهل أيضا البدء‬ ‫بأعمال تجارية بالبلد نتيجة لزيادة سالسة ومرونة قواعد التأسيس‬ ‫المطلوبة بالبلد عن معظم البلدان أ‬ ‫الخرى‪ .‬وبذلك تسهم كل‬ ‫ئ‬ ‫جز� ف ي� كون ليختنشتاين هي موقع رائع لبدء‬ ‫هذه العوامل بشكل ي‬ ‫‪.‬وتأسيس مشاريع وأعمال تجارية‬ ‫وعىل الرغم من ذلك‪ ،‬فإن سمعة البلد لم تكن دائما أمنة لتشجع‬ ‫المستثمرين أ‬ ‫الغنياء الر ي ن‬ ‫اغب� بإتخاذ البلد كمالذ لهم‪ .‬ففي الواقع‪،‬‬


‫اضطرت البلد إىل بيع العديد من الكنوز الوطنية من أجل تخطي‬ ‫االزمة المالية ف ي� أعقاب نهاية الحرب ف ي� أوروبا‪ ،‬بما ف ي� ذلك بيع‬ ‫ت‬ ‫ش‬ ‫وال� تم ش�اؤها من قبل‬ ‫لوحة مرسومة بقلم ليوناردو‬ ‫دافن� ي‬ ‫ي‬ ‫أمريك ‪ ،‬والذي يعد مبلغ‬ ‫منظمة ف ي� أمريكا بقيمة ‪ 5‬مليون دوالر‬ ‫ي‬ ‫قياس لمثل هذه اللوحة‪ .‬كما خفضت البلد معدالت �ض ائب‬ ‫ي‬ ‫ش‬ ‫ال�كات ف ي� السبعينات ‪ 1970‬يك تتمكن من تخطي هذه الضائقة‬ ‫كب� من ش‬ ‫ال�كات ليتم تأسيسها‬ ‫عدد‬ ‫جذب‬ ‫إىل‬ ‫أدى‬ ‫مما‬ ‫المالية‪،‬‬ ‫ي‬ ‫هناك ليتمتعوا بواحد من أعىل مستويات المعيشة‪ .‬لتصبح بذلك‬ ‫‪.‬ليختنشتاين واحدة من ث‬ ‫أك� الدول ثراء ف ي� العالم‬ ‫الستثمارات الخارجية ف ي� نمو اقتصاد ليختنشتاين‪،‬‬ ‫كما أسهمت إ‬ ‫ليصبح نظام اقتصادي ناجح ومتقدم وحر قائم عىل حرية‬ ‫المشاريع‪ .‬وفيما يتعلق بالمشاركة الصناعية‪ ،‬يسهم قطاع صناعة‬ ‫ف‬ ‫اليرادات بالبلد‪ .‬ففي الواقع‪ ،‬تمتلك‬ ‫كب� ي� إ‬ ‫الرساميك بشكل ي‬ ‫أ‬ ‫ليختنشتاين اللقب أ‬ ‫ف‬ ‫الغرب ي� كونها أبرز الدول المصدرة لطقم‬ ‫ف‬ ‫ت‬ ‫االلك�ونيات‬ ‫اليرادات مثل‬ ‫االسنان‪ .‬كما تسهم صناعات اخري ي� إ‬ ‫والالت الدقيقة وادوات تصنيع المعادن أ‬ ‫والمنسوجات آ‬ ‫والدوات‬ ‫آ‬ ‫�ض‬ ‫ومسام� التثبيت والالت الحاسبة والمستح ات‬ ‫الكهربائية‬ ‫ي‬ ‫الدوائية والمنتجات الغذائية‪ .‬حيث تعد ث‬ ‫أك� ش‬ ‫ال�كات العالمية‬ ‫وهي ش�كة ‪ Hilti،‬ي ز‬ ‫وأك� مستخدم للعمالة بالبلد هي ش�كة‬ ‫تم�ا ب‬ ‫المبا� وغ�ها من أ‬ ‫مصنعة ألنظمة التثبيت ت‬ ‫ش‬ ‫الدوات‬ ‫وال�كيب‬ ‫ي‬ ‫الكهربائية عالية الجودة والكفاءة‪ .‬كما تنتج ليختنشتاين القمح‬ ‫والشع� والذرة والبطاطس ومنتجات أ‬ ‫اللبان والدواجن والماشية‬ ‫ي‬ ‫كب� ف ي� اقتصاد البلد‪ .‬فقد كانت‬ ‫والنبيذ‪ .‬وتسهم السياحة بجزء ي‬ ‫البلد أحد اعضاء المنطقة االقتصادية أ‬ ‫الوروبية (وهي منظمة‬ ‫أ‬ ‫)‪ (EFTA‬تعمل كجرس للربط ي ن‬ ‫الحر‬ ‫ب� المنظّمة ال ّ‬ ‫وروبية للتبادل ّ‬ ‫أ‬ ‫ورو� ) منذ مايو ‪1995‬‬ ‫‪.‬واالتحاد ال ب ي‬ ‫ثقافيا‪ ،‬فقد تأثرت البلد نتيجة لصغر مساحتها بالعديد من‬ ‫السمات الثقافية من الدول المحيطة بها مثل النمسا‪ ،‬بادن‪-‬‬ ‫أ‬ ‫ارل�غ‪ .‬كما‬ ‫فورتمب�غ‪ ،‬بافاريا‪ ،‬سويرسا‪ ،‬وبالخص والية يت�ول وفور ب‬ ‫ي‬ ‫تلعب" االصول المجتمعية التاريخية إلمارة ليختنشتاين " دورا بارزا‬

‫وح� تتمكن البلد من ت‬ ‫ف� الحفاظ عىل ثقافة وتاريخ البلد‪ .‬ت‬ ‫إس�داد‬ ‫ي‬ ‫ف‬ ‫ت‬ ‫الكث� منها ي� الضائقة المالية‬ ‫ال� اضطرت إىل بيع ي‬ ‫فنونها الجميلة ي‬ ‫آ‬ ‫ت‬ ‫ال� تم ذكرها سابقا‪ ،‬اصبحت الن ليختنشتاين هي الموطن‬ ‫ي‬ ‫ت‬ ‫وال� يمكن العثور عليها‬ ‫لتشكيلة الفن الخاص ي‬ ‫بأم� ليختنشتاين‪ ،‬ي‬ ‫ف‬ ‫ف‬ ‫كأك�‬ ‫ي� متحف ليختنشتاين ي� فيينا‪ ،‬كما يتم المطالبة تب�شيحها ب‬ ‫ف‬ ‫‪.‬تشكيلة فنية خاصة رائدة ي� العالم‬ ‫تن‬ ‫لليخ� شتاين جيش ليدافع عنها‪ ،‬وذلك‬ ‫وجدير بالذكر انه ال يوجد‬ ‫ف‬ ‫ت‬ ‫ال� تعمل وفقا لمبدأ‬ ‫لكونها واحدة من الدول الوحيدة ي� العالم‬ ‫ي‬ ‫ف‬ ‫ف‬ ‫تو� اخر جندي‬ ‫الحياد وبذلك تصبح البلد رمز للسالم‪ .‬ي� الواقع‪ ،‬ي‬ ‫من الجيش الخاص بإمارة ليختنشتاين والذي ظل عىل قيد الحياة‬ ‫ف‬ ‫ت‬ ‫تو� عام ‪ 1939‬عن سن يناهز ال ‪ 95‬عاما‪ .‬فقد قامت البلد‬ ‫ح� ي‬ ‫أ‬ ‫ن‬ ‫لما� ‪،‬‬ ‫بحل جيشها‬ ‫ي‬ ‫الصغ� المكون من ‪ 80‬رجل فور زوال االتحاد ال ي‬ ‫ال�لمان الفرصة لرفض تقديم التمويل لالستبدال‬ ‫ومن ثم اتخذ ب‬ ‫الجيش القديم بجيش جديد‪ .‬كما تبلغ قوة ش‬ ‫ال�طة الوطنية‬ ‫لليختنشتاين عدد ‪ 125‬موظفا‪ ،‬وعىل الرغم من ذلك فليس لديهم‬ ‫العديد من المهام‪ ،‬حيث تمتلك البلد واحدا من ن‬ ‫أد� معدالت‬ ‫‪.‬الجريمة ف ي� العالم‬ ‫وبذلك تصبح ليختنشتاين هي المكان االمثل للمستثمرين الذين‬ ‫يسعون اىل بلد هادئة وسالمة ومزدهرة لتأسيس أعمال تجارية‬ ‫خاصة بهم والعيش بها‪ .‬حيث تجذب ش�وط تأسيس االعمال‬ ‫التجارية المرنة نسبيا ومعدالت ال�ض ائب عىل ش‬ ‫ال�كات المنخفضة‬ ‫أصحاب أ‬ ‫العمال ش‬ ‫وال�كات المبتدئة‪ ،‬بحيث ال تستطع أعينهم‬ ‫مقاومة مناظر الطبيعة المكسية بالثلوج الخالبة‪ .‬لتصبح بذلك‬ ‫ليختنشتاين مالذ أ‬ ‫للثرياء الذين يبحثون عن بلد أمن وسالم‬ ‫الستثماراتهم‪ ،‬بحيث يتمكنوا من التمتع بحياة مستقرة بكافة‬ ‫عال لجودة المعيشة عال وصوال يال‬ ‫الكماليات بدءا من مستوى ي‬ ‫‪.‬معدالت جريمة منخفضة‬

Citizenship by Investment Summer 2016

Country Spotlight

Malta Country Spotlight

Ü Quick Facts

World War), making it one of the world's most densely populated countries.

è Capital City: M anama è Population: 1,343,000

The capital of Malta is Valletta, and is the smallest national capital in the European Union. Malta has two official languages: Maltese and English.

è Nominal GDP: USD 7.19 billion è Government: Parliamentary republic è President: Marie Louise Coleiro Preca è Prime Minister: Joseph Muscat è Ethnic groups: 95.17% Maltese, 4.83 % Non-Maltese.

Ü Malta at a Glance Malta is a southern European island nation comprising an archipelago in the Mediterranean Sea. It lies 50 miles south of Italy, 176 miles east of Tunisia, and 207 miles north of Libya. The country covers just over 122 square miles, with a population of just under 450,000 (despite an extensive emigration program since the Second


Malta's location has historically given it great strategic importance as a naval base and a succession of powers, including the Phoenicians, Romans, Moors, Normans, Sicilians, Spanish, Knights of St. John, French and British, have ruled the island.

Ü Economy Until around 1800, Malta was dependant on cotton, tobacco and its shipyards for exports. However, once it came under British control, the UK had a certain dependency on Maltese Dockyards for support of the British Royal Navy, especially during the Crimean War of 1854. The military base aided various Maltese and British craftsmen and all those who served in the British military during the 1800s.

Currently, Malta is considered an advanced economy... according to the International Monetary Fund (IMF). Malta's major resources are limestone, a favourable geographic location and a productive labour force.

Citizenship by Investment Summer 2016

The 1869 opening of the Suez Canal helped Malta's economy take a significant upturn, with a massive increase in the freight ships that entered the port. Ships stopping at Malta's docks for refuelling helped the Entrepôt trade, which brought additional monetary, trading and industrial benefits to the island. Towards the end of the 19th century, however, the Maltese economy entered a serious decline and, by the 1940s, that decline had morphed into a serious crisis. One factor was the longer range of newer merchant ships that required less frequent refuelling stops. Currently, Malta is considered an advanced economy, together with 32 other countries globally, according to the International Monetary Fund (IMF). Malta's major resources are limestone, a favourable geographic location and a productive labour force. Malta produces only about 20% of its food needs and intake, has limited freshwater supplies because of summer droughts, and has no domestic energy sources, aside from the potential for solar energy from its plentiful sunlight. The economy is dependent on lots of foreign trade, with Malta serving as a freight trans-shipment point: manufacturing - largely electronics and textiles - and a thriving tourism sector. In preparation for its inauguration into the European Union, which it officially joined in May 2004, Malta privatised some state-controlled firms and liberalised certain markets. For instance, the government declared in January 2007 that it was to sell its 40% stake in MaltaPost (the state postal service), to complete a privatisation process which has been ongoing. In 2010, Malta had managed to fully privatise its postal services, as

well as telecommunications, shipyards and shipbuilding. Film production, strangely, is a growing contributing sector to the Maltese economy. The first film ever to be shot in Malta was in 1925 - H. Bruce Woolfe’s Sons of the Sea. Since then, over 100 feature films have been entirely or partially filmed in the country. Malta has served as a ‘double location’ for a wide variety of locations and historic periods including Ancient Greece, Ancient and Modern Rome, Iraq, the Middle East and many more. The government introduced a number of financial incentives for filmmakers in 2005, in a bid to attract more of them to use the island as a location. The current financial incentives to foreign productions currently stand at 25% with an additional 2% if Malta stands in as Malta (rather than as a double), meaning a production can get up to 27% back on its eligible spending incurred in Malta from the government. Malta has taken significant and considerable measures to mark itself out as a global player in the cross-border fund administration industry. Competing alongside countries such as Ireland and Luxembourg, it has a unique blend of both a multi-lingual workforce and strong legal system. Malta has a mixed standing for transparency and a DAW Index score of 6, though both are likely to improve as Malta progressively assumes more comprehensive legislative framework for financial services. Malta has a regulator, namely the MFSA, with a strong business development mindset and outlook. The country has been successful in drawing gaming companies, aircraft and ship registration firms, credit-card issuing banking licences and fund administration. Service

providers to these industries, including fiduciary and trustee business, are a core part of the growth strategy of the island and its citizenship by investment program is well established (see our CBI section for more on Malta’s impact here). Strong headway has been made in implementing EU Financial Services Directives in the country. As a base for alternative asset managers, who must comply with new directives, Malta has attracted a number of key players including IDS, Iconic Funds, Apex Fund Services and TMF/ Customs House. Malta and Tunisia are currently discussing the commercial exploitation of the continental shelf between their countries, particularly for petroleum exploration. These discussions are also undergoing between Malta and Libya for similar arrangements. The two largest commercial banks are Bank of Valletta and HSBC Bank Malta (featured in this publication), both of whom can trace their origins back to the 19th century. The Central Bank of Malta (Bank Centrali ta' Malta) has two key capacities of responsibility: the construction and implementation of monetary policy country-wide and the advancement of a wide-ranging and effective financial system. The bank itself was established by the Central Bank of Malta Act in April 1968 and the Maltese government entered ERM II on 4 May 2005, and adopted EUR as the country's currency in January 2008. FinanceMalta is the quasi-governmental organisation tasked with marketing and enlightening business leaders about Malta’s strengths as a business destination. }}}


Country Spotlight

Citizenship by Investment Summer 2016

The company runs seminars and events around the world highlighting the emerging strength of Malta as a jurisdiction for banking and finance and insurance.

Ü Politics Malta is a parliamentary republic whose parliamentary system and public administration are closely modelled on the UK’s Westminster system. Malta had the second-highest voter turnout globally -and ranked highest for nations without a mandatory voting system in place and enforcement - based on electoral turnout in national lower house elections from 1960 to 1995. The unicameral House of Representatives is elected by direct universal suffrage through a single transferable vote every five years, unless the House is dissolved earlier by the President on the advice of the Prime Minister. The Maltese House of Representatives is made up of 69 members of parliament in total. However, if a party is to win an absolute majority of votes, but does not have a majority of seats, that party is handed additional seats to safeguard a parliamentary majority. The Constitution of Malta provides that the President appoints as Prime Minister the member of the House that is best able to command a governing majority in the House.


The President of Malta is appointed for a five-year term by a resolution of the House of Representatives carried by a simple majority. The role of the President as head of state is largely ceremonial and superfluous in some respects. The main political parties are the Nationalist Party - a Christian democratic party - and the Labour Party - a social democratic party.

In recent years, Malta has promoted itself as a medical tourism destination, and a number of health tourism providers are pushing to develop the industry, however, no Maltese hospital has undergone an independent international healthcare accreditation procedure.

The Labour Party is currently at the helm of the government, with its Prime Minister being Joseph Muscat. The Nationalist Party, with Simon Busuttil as its leader, is thusly in opposition. There are a number of smaller political parties in Malta that presently have little or indeed no parliamentary representation.

Malta is very popular with British medical tourists (and indeed British tourists in general), directing Maltese hospitals towards seeking UK-sourced accreditation, such as the Trent Accreditation Scheme. Dual accreditation with the Americanoriented Joint Commission is necessary if hospitals in Malta wish to compete with the Far East and Latin America for the lucrative market of medical tourists from the United States.

Ü Tourism

Ü Malta Multiplies

Malta is an extremely popular tourist destination, with 1.6 million inbound tourists per year. Three times more tourists visit the country than residents that live there. Tourism infrastructure has increased and improved dramatically over the years and a number of high quality hotels are available on the island, although overdevelopment and the destruction of traditional housing is of a growing concern among natives. An increasing number of Maltese themselves now travel abroad to holiday.

Malta has established itself on the World stage and is as prosperous as it ever has been in its history. A thriving tourism sector, a widening and strengthening commercial outlook and a key geographic placement have led to increased trade and investment. Its place as a thoroughfare country for increasing trade and investment between Europe and the GCC may well be unmatched.

‫‪Citizenship by Investment Summer 2016‬‬

‫مالطا‪ :‬تسليط الضوء عىل عوامل الجذب ف ي� البلد‬ ‫مالطا‪-‬مقدمة حول البلد‬ ‫تعت� مالطا دولة قائمة عىل جزيرة ف ي� جنوب أوروبا‪ ،‬حيث انها‬ ‫ب‬ ‫تضم أرخبيل ف� البحر أ‬ ‫البيض المتوسط‪ .‬وهي تقع عىل بعد ‪50‬‬ ‫ي‬ ‫ميال من جنوب إيطاليا‪ ،‬و‪ 176‬ميال من ش�ق تونس‪ ،‬و‪ 333‬كم‬ ‫(اي ما يقرب من ‪ 207‬ميال) من شمال ليبيا‪ .‬وتبلغ مساحة الدولة‬ ‫ما يزيد عن ‪ 122‬ميال مربعا‪ ،‬كما يبلغ عدد سكانها ما يقل عن‬ ‫(بالضافة يال تقديم برنامج هجرة واسع النطاق منذ‬ ‫‪ 450,000‬إ‬ ‫الحرب العالمية الثانية)‪ ،‬مما يجعلها واحدة من ث‬ ‫أك� البلدان كثافة‬ ‫سكانية عىل مستوي العالم‪ .‬وتعد فاليتا هي عاصمة مالطا‪ ،‬وبذلك‬ ‫عل مستوي دول االتحاد‬ ‫فهي اصغر العواصم الرسمية مساحة ي‬ ‫ين‬ ‫بالضافة ال ذلك‪ ،‬تمتلك مالطا ي ن‬ ‫رسميت� ‪ :‬هما‬ ‫لغت�‬ ‫االورو� ‪ .‬إ‬ ‫بي‬ ‫ي‬ ‫وال ي ز‬ ‫نجل�ية‬ ‫‪.‬اللغة المالطية إ‬ ‫المتم� أهمية ت‬ ‫يز‬ ‫عل‬ ‫وقد أضفى موقع مالطة‬ ‫اس�اتيجية ي‬ ‫كب�ة للبلد ي‬ ‫مر التاريخ‪ ،‬وذلك العتبارها قاعدة بحرية ومركز للعديد من مراكز‬ ‫القوي المتعاقبة‪ .‬فقد حكم الجزيرة العديد من مراكز القوي مثل‬ ‫الفينيقية والرومانية والمغاربة‪ ،‬والنورمان‪ ،‬والصقليون‪ ،‬واالسبان‪،‬‬ ‫وال� ي ن‬ ‫ين‬ ‫ين‬ ‫يطاني�‬ ‫سبتاري�‬ ‫ال‬ ‫‪.‬والفرسان إ‬ ‫والفرنسي� ب‬

‫برنامج المواطنة من خالل االستثمار ف ي� مالطا‬ ‫هو مبادرة قامت بها الحكومة )‪ (IIP‬يعد برنامج االستثمار لالفراد‬ ‫المالطية للعمل عىل تنمية االقتصاد ف ي� مالطا ورفع مستوي‬ ‫المعيشة للشعب‪ .‬ويعد بذلك هذا ال�نامج هو أ‬ ‫الول من نوعه‬ ‫ب‬ ‫‪.‬الذي تعتمده المفوضية أ‬ ‫الوروبية‬ ‫ف ي� عام )‪ ( Identity Malta‬وقد تم إنشاء وكالة الهوية ف ي� مالطا‬ ‫ال�نامج‬ ‫يتول هذا ب‬ ‫لك يتم إدارة هذا ب‬ ‫‪ 2013‬ي‬ ‫ال�نامج‪ .‬حيث ي‬ ‫ين‬ ‫المتقدم� للحصول عىل الجنسية‬ ‫مسؤولية قبول ومراجعة طلبات‬ ‫ف ي� مالطا عن طريق التجنيس‪ .‬كما تتعهد الوكالة المسؤولة عن ادارة‬ ‫ين‬ ‫المتقدم�‪-‬بان تهتم بكافة‬ ‫ال�نامج ‪-‬كجزء من عملية تقييم طلبات‬ ‫ب‬ ‫االجراءات الالزمة لضمان منح المواطنة المالطية أ‬ ‫للفراد الذين يمكن‬ ‫إيجا� ف ي� تنمية مالطا وإضفاء سمعة دولية لها‪.‬‬ ‫أن يساهموا بشكل ب ي‬ ‫بال�نامج بطريقة فعالة ضمن‬ ‫كما يتم تنفيذ االجراءات المتعلقة ب‬ ‫‪.‬أطر زمنية ثابتة‪ ،‬مع الحفاظ عىل رسية بيانات المتقدمين‬ ‫أ‬ ‫القامة لمدة سنة ف ي� البلد‪،‬‬ ‫لل�نامج عىل ش�ط إ‬ ‫وتستند الطر الزمنية ب‬ ‫المعاي� ت‬ ‫عل مقدم الطلب استيفائها‪.‬‬ ‫يجب‬ ‫ال�‬ ‫من‬ ‫واحدة‬ ‫وهي‬ ‫ي‬ ‫ي ي‬


‫ويفضل لمقدم الطلب خالل هذا العام ان ينشأ روابط وعالقات‬ ‫االل�امات ت‬ ‫ف� مالطا من خالل مختلف ت ز‬ ‫الم�تبة عىل االرتباطات‬ ‫ي‬ ‫‪.‬الشخصية‪ ،‬أ‬ ‫الخ�ية‬ ‫والتعاقدات‬ ‫واالجتماعية‬ ‫والعمال التجارية‬ ‫ي‬ ‫ف‬ ‫ين‬ ‫المتقدم� وفقا لالجراءات االزم‬ ‫و� حال الموافقة عىل طلبات‬ ‫ي‬ ‫يطلب ‪ (Identity Malta)،‬اتخاذها بموجب وكالة الهوية ف ي� مالطا‬ ‫ين‬ ‫ين‬ ‫المستوفي� ش‬ ‫لل�وط ان يقدموا مساهمة بقيمة‬ ‫المتقدم�‬ ‫من‬ ‫ن‬ ‫الوط� للتنمية والتمويل االجتماعي وان‬ ‫للصندوق‬ ‫يورو‬ ‫‪650,000‬‬ ‫ي‬ ‫يقوموا باالستثمار ف ي� العقارات شب�ط أن يتم االحتفاظ بهذا العقار‬ ‫لمدة ال تقل عن خمس سنوات‪ .‬ويتم تطيبق ش�ط االستثمار ف ي�‬ ‫العقارات من خالل ش�اء العقارات والممتلكات بقيمة ال تقل عن‬ ‫ن‬ ‫سك� ف ي� مالطا بقيمة ال تقل عن‬ ‫‪ 350,000‬يورو أو ي‬ ‫تأج� عقار ي‬ ‫ين‬ ‫المتقدم� أيضا استثمار ما ال يقل عن‬ ‫‪ 16,000‬سنويا‪ .‬ويطلب من‬ ‫ف‬ ‫ت‬ ‫وال� سيتم ربطها لمدة‬ ‫‪ 150,000‬يورو ي� أسهم الحكومة المالطية ي‬ ‫‪.‬ال تقل عن خمس سنوات‬ ‫ويجري حاليا إنشاء صندوق ن‬ ‫وط� للتنمية والتمويل االجتماعي‬ ‫ي‬ ‫أ‬ ‫الت�عات المقدمة بل�نامج االستثمار للفراد‬ ‫حيث ‪ (IIP).‬وذلك لتلقي ب‬ ‫يتم استخدام هذه أ‬ ‫الموال بعد ذلك للنهوض بالتعليم والبحث‬ ‫‪.‬العلمي ووسائل االبتكار وحوافز العمل والبيئة والصحة العامة‬ ‫ويجب ان يتم تمثيل مقدمي الطلبات ال برنامج االستثمار أ‬ ‫للفراد‬ ‫ي‬ ‫من خالل الوكيل التجاري أو أحد الوكالء المعتمدين من قبل ‪IIP‬‬ ‫مما يسهل عملية تنفيذ ‪ (Identity Malta).‬وكالة الهوية ف ي� مالطا‬ ‫)‪ (Identity Malta‬االجراءات وييرس التعامل مع وكالة الهوية مالطا‬ ‫‪.‬بالنيابة عن موكليهم‬

‫فوائد الحصول عىل المواطنة ف ي� مالطا‬ ‫عل الجنسية ف ي�‬ ‫يوجد عدد ي‬ ‫كب� من الفوائد المرتبطة بالحصول ي‬ ‫مالطا‪ ،‬ولكن تختلف هذه الفوائد وفقا لمتطلبات مقدم الطلب‬ ‫‪.‬المرتبطة بحيازته لجواز سفر آخر‬ ‫ين‬ ‫للحاصل� عىل‬ ‫فنتيجة لوقوع مالطا ف ي� منطقة شنجن‪ ،‬يسمح‬ ‫ب� معظم الدول أ‬ ‫الجنسية ف� مالطا بالسفر بحرية ي ن‬ ‫العضاء ف ي�‬ ‫ي‬ ‫أ‬ ‫ف‬ ‫ن‬ ‫المواطن� ي� مالطا‬ ‫ورو� ‪ .‬وعالوة عىل ذلك‪ ،‬يتمتع‬ ‫ي‬ ‫االتحاد ال ب ي‬ ‫بخاصية السفر بدون تأش�ة إىل العديد من دول العالم‪ ،‬بما �ف‬ ‫ي‬ ‫ي‬ ‫ذلك الواليات المتحدة‪ .‬حيث تقع مالطا ف� مكان ي ز‬ ‫متم� ليجعل‬ ‫ي‬ ‫مسافة السفر ي ن‬ ‫ب� البلد والمدن الرئيسية ف ي� أوروبا وشمال أفريقيا‬

‫أ‬ ‫ش‬ ‫قص�ة نسبيا‬ ‫‪.‬وال�ق الوسط ي‬ ‫ف‬ ‫ت‬ ‫كما تساعد البنية التحتية للإ ن�نت عىل الجزيرة ي� سد متطلبات‬ ‫النظام التعليمي‪ ،‬وتطوير بيئة العمل والمجتمع بشكل عام‪.‬‬ ‫ت‬ ‫عل المواصفات الكاملة وفقا‬ ‫لتحصل البنية أالتحتية للإ ن�نت ي‬ ‫ورو� ‪ Digital Agenda Scoreboard‬ش‬ ‫لمؤ�ات‬ ‫لدول االتحاد ال ب ي‬ ‫‪.‬لعام ‪2013‬‬ ‫ال ي ز‬ ‫نجل�ية هي اللغة الرسمية ف ي� مالطا‪ ،‬حيث يتحدثها‬ ‫وتعد اللغة إ‬ ‫ين‬ ‫المواطن� ف ي� مالطا بطالقة‪ .‬وقد قامت الجزيرة بإنشاء مركز خاص‬ ‫ال ي ز‬ ‫نجل�ية‬ ‫ليقوم بتدريس اللغو لما يزيد )‪ (ELT‬بها لتدريس اللغة إ‬ ‫‪.‬عن ‪ 80,000‬طالبا يقوموا بزيارة مالطا بشكل سنوي‬ ‫كما تعد الحياة ف ي� مالطا جيدة جدا بشكل عام‪ .‬حيث يساعد‬ ‫البيض المتوسط ف� تنمية أ‬ ‫مناخ البحر أ‬ ‫النشطة الثقافية وممارسة‬ ‫ي‬ ‫االنشطة ف ي� الهواء الطلق عىل مدار السنة‪ .‬باالضافة يال ذلك‪ ،‬تعد‬ ‫ال� تتمتع ن‬ ‫ت‬ ‫بأد� معدالت جريمة عىل مستوي‬ ‫مالطا واحد من الدول ي‬ ‫العالم‪ ،‬وبذلك فقد احتلت المركز ال ‪ 23‬وفقا ش‬ ‫لمؤ� الدول‬ ‫‪ (Good Country Index).‬االفضل للمعيشة عىل مستوي العالم‬ ‫ين‬ ‫المتقدم� بب�نامج االستثمار لالفراد ف ي� مالطا‬ ‫ويستفيد جميع‬ ‫ز‬ ‫المتم�ة من خالل مقدمي‬ ‫المال‬ ‫االستفادة من خدمات الدعم‬ ‫ي‬ ‫ي‬ ‫ين‬ ‫ين‬ ‫والتأم�‬ ‫المتخصص� ف ي� مجال الخدمات المرصفية‬ ‫الخدمات‬ ‫أ‬ ‫ف‬ ‫والمنتجات االستثمارية‪ .‬وقد تم تعزيز مرونة مالطا ي� اثناء الزمة‬ ‫العالمية المالية واالقتصادية لعام ‪ 2008‬من خالل البنوك ف ي� مالطا‬ ‫ين‬ ‫المرخص� من قبل هيئة الخدمات‬ ‫ومقدمي الخدمات المالية‬ ‫المالية ف� مالطا‪ .‬حيث تقدم مالطا فرصا فريدة للتخطيط ال�ض‬ ‫ي�‬ ‫ً‬ ‫ي‬ ‫بي‬ ‫وإدارة ث‬ ‫ال�وات‪ ،‬فقد تم تصنيفها كالبلد المفضلة لالستثمار من‬ ‫خالل العقارات عىل مستوي أوروبا وفقا لتقييمات صندوق االحتياط‬ ‫‪.‬لعام ‪(Hedge Fund Review) 2013‬‬ ‫ف‬ ‫الخ�ة‬ ‫وتعمل الحكومة ي� مالطا عىل جذب أفضل المستثمرين ذي ب‬ ‫والكفاءة عىل مستوي العالم للقدوم يال الجزيرة‪ .‬وتقوم بتشجيع‬ ‫المستوفي� للمتطلبات عل ي ز‬ ‫ين‬ ‫ين‬ ‫تحف� النمو االقتصادي من‬ ‫المتقدم�‬ ‫ي‬ ‫والخ�ات الخاصة بهم‬ ‫خالل استغالل عالقاتهم الدولية والموارد‬ ‫ب‬ ‫ف‪ �.‬قطاع أ‬ ‫العمال‬ ‫ي‬ ‫كما توفر مالطا فرص عمل فريدة من نوعها‪ ،‬باالضافة يال تقديم‬ ‫عل البحر‬ ‫أسلوب حياة استثنائية حيث التمتع بمزايا اطاللتها ي‬ ‫أ‬ ‫‪.‬البيض المتوسط‬

Citizenship by Investment Summer 2016

Country Spotlight

Portugal Country Spotlight

Ü Portugal – An Introduction

Culturally, Portugal is extremely refined, and features a unique mixture of tradition and modernity which you will struggle to find in any other location. Its breath taking landscape, fine cuisine and even finer wines are the perfect medicine for all holiday goers suffering from the dreariness of everyday life.

Although Portugal is great for some mindless relaxation, do not mistake it for a country without substance. It’s history is one of ups and downs, as in in the 15th and 16th centuries is grew to become what was the first global empire, becoming one of the world’s major economic, political and military powers and expanding Western influence across the globe. However, as with all great empires, it was met with many setbacks and finally with the destruction of its capital city, Lisbon, in 1755 at the hands of an earthquake, Portugal lost much of its power. Perhaps this history can be reflected in the spirit of the Portugal’s people who are known to celebrate what they have as they know that at any moment, life can throw a curveball and everything can be taken away. There is a real communal sense that one should live for today and it leads to a very pleasant atmosphere which is infectious – it is difficult to worry when you are in the company of Portuguese citizens.

The climate could be described as mild, but the 3000 hours of sunshine a year and 850kms of beaches that these sun rays visit are great for those looking for an increase in Vitamin D.

A large majority of Portugal’s citizens are Roman Catholic but it is home to a large number of small communities representing different faiths and so it gives off a welcoming impression to all

Portugal calls itself home to over 10.5 million of its citizens and can be found on the Iberian Peninsula, bordering Spain and the Atlantic Ocean. The capital city is named Lisbon and has a population of 552,700. The fact that the country faces ocean side has influenced many aspects of its culture – its beautiful beaches prove to be a very popular tourist destination and in fact much of the countries architecture is rooted in its rich history which harkens back to as early as the 1500s when Portugal had a maritime empire.


who grace its borders. The official language of the natives is Portuguese and it derives itself from early Latin. Although if Portuguese is not your first language, you should not fear as according to International English Proficiency Index, Portugal has a high proficiency level in English, proficiency higher than in countries like Italy, France or Greece.

Ü Citizenship by Investment in Portugal Many people, after spending time in Portugal, come to the conclusion that they would like to live there permanently. To these people, there is some good news, citizenship by investment is entirely possible in Portugal, but you will need to invest a minimum of EURO 500,000 in order to qualify for a “golden visa”. Once you have acquired a golden visa, it is then possible to apply to become a citizen of Portugal after six years. In comparison to other some other EU countries, the minimum cost of investment is a little higher, but there are many benefits to Portuguese citizenship, including low tax rates,

Citizenship by Investment Summer 2016

low minimum stay periods and, of course, the benefits of a climate and culture that are in-line with each other – easy going, with hot periods.

Ü Routes to CBI in Portugal

capitalization of small and medium size companies. è Job creation:

è Entry in Portugal with a valid Schengen visa

§ Acquisition of property above EUR 500,000.

It should be noted that only investments effectively made after 8th October 2012 are eligible for the Golden Visa programme.

§ Acquisition of property above EUR 350,000 for properties more than 30 years old or located in areas of urban renovation.

Once issued, the Golden Visa will be valid for an initial period of 1 (one) year and then will be renewed for subsequent periods of 2 (two) years.

è Capital Investments:

The simplicity of the Golden Visa Programme implies an extremely reduced amount of requirements being asked from the investor. The Golden Visa Programme sets out that the investor must comply with general requirements applicable to all types of qualifying investments and also with the specific requirements of each type of qualifying investment.

§ Transfer of Funds above EUR 350,000 for research activities. § Transfer of Funds above EUR 250,000 for artistic or cultural activities. -

Transfer of Funds above EUR 500,000 for

è Funds for investment should come from abroad

§ Creation of a minimum of 10 jobs.

è Property Investments:

§ Transfer of Funds above EUR 1,000,000.

è Keep the investment for a minimum period of 5 years

In general, all investors have to comply with the following requirements:

è Absence of references in the Portuguese Immigration and the Schengen services è Absence of conviction of relevant crime è Minimum stay in Portugal: 7 (seven) days during the first year and 14 (fourteen) days during each subsequent period of two years

Ü Portugal in Summary While being a more expensive option than some of its neighbours, Portugal offers investors a warm and friendly climate, gorgeous coastlines and vibrant cities in which to seek residence. Diverse, beautiful and culturally arresting, Portugal, in many ways, offers bits of the best of all of Europe.


Citizenship by Investment Summer 2016

Diogo Xavier da Cunha, Managing Partner / Rita Lufinha Borges, Head of Real Estate Miranda Law Firm

1. Please tell us about Miranda & Associados


Miranda & Associados is a full-service Portuguese law firm, head-quartered in Lisbon, which employs close to 100 legal professionals and 50 professional services staff. Over the years, the Firm has gained recognition as one of the most preeminent and internationally oriented Portuguese law firms. Miranda is the founding member of the Miranda Alliance, an international alliance of law firms and lawyers that are united by a common business strategy and shared values, which enable them to collectively offer highquality legal services that address the international and local needs of our clients on a truly coordinated basis. The Miranda Alliance covers 14 different jurisdictions: Angola, Brazil, Cameroon, Cape Verde, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Guinea-Bissau, Macau, Mozambique, Portugal, Republic of the Congo, São Tomé and Príncipe and Timor-Leste, which are supported by liaison offices in Houston, London and Paris.

2. What defining features best distinguish Miranda & Associados from other law firms? Miranda is unique for many reasons. Aside from our truly international background and reach, and we were the first European law firm to have effective ties in Africa starting with Angola in 1992, where we have had a long and established relationship with our local associated office, Fatima Freitas. In Mozambique, our operation started in the late 1990s and our local partner firm, Pimenta e Associados, has joined efforts with us more than 10 years ago. The vast majority of our clients are international companies and organizations, representing industries such as oil and gas, mining, energy, construction and infrastructure, banking and




financial services and real estate. We represent several Fortune 500 and FTSE 100 companies and also act on behalf of UHNWIs, as well as a diverse range of government institutions and nonprofit organizations. Our philosophy and strategy is to combine international standards with strong local knowledge.

3. What specialised services do you have to offer UHNWIs? Miranda is a full service firm and available to offer specialized services in a number of areas of law such as real estate, investment, tax, labour, and corporate and M&A. Our firm is renowned and recommended in many of the legal directories, both in Portugal. We are used to team-work projects that require a number of specialized services in a coordinated and effective manner. We also assist UHNWIs in interesting investment opportunities in Portugal and abroad that could give access to obtaining a golden visa for themselves and their family members, tax benefits and, if they wish, the opportunity to reside in Portugal and freely travel across EU member countries.

4. How important is social responsibility to Miranda & Associados? Social responsibility is extremely important to our firm and a part of our D.N.A. Miranda is committed to a policy of Social Responsibility and has participated in numerous activities in the areas of social development, environmental protection and education. In parallel, Miranda encourages its lawyers and professional services staff to engage in volunteer activities and specifically to provide pro bono legal assistance to various organisations and projects.

Diogo Xavier da Cunha

Rita Lufinha Borges

5. Why should UHNWIs from the Arab regions in particular choose you for their legal matters? As a firm, we are extremely responsive and available 24/7. We are accustomed to delivering exceptional client service, something that the UHNWI world demands and expects. We are able to provide local knowledge and legal support but with an international client-driven approach. We take the time to understand each client’s unique needs and purposes. We are known for combining international standards with strong local knowledge.

As a firm, we are extremely responsive and available 24/7. We are accustomed to delivering exceptional client service, something that the UHNWI world demands and expects.

‫‪Citizenship by Investment Summer 2016‬‬ ‫ش�اء ممتلكات تزيد قيمتها عن ‪ 350,000‬يورو‪-‬وذلك‬ ‫ف‬ ‫ت‬ ‫ت‬ ‫ال� تقع ي� مناطق‬ ‫ال� تم انشائها منذ ‪ 30‬عاما أو ي‬ ‫للعقارات ي‬ ‫‪.‬ح�ض ية بحاجه ت‬ ‫لل�ميم‬

‫ ‪-‬‬

‫التأش�ة الذهبية‬ ‫‪.‬أكتوبر ‪ 2012‬فقط بل�نامج‬ ‫ي‬

‫‪:‬استثمارات راس المال‬

‫ •‬

‫التأش�ة الذهبية‪ ،‬فانها سوف تكون صالحة ت‬ ‫لف�ة‬ ‫وبمجرد صدور‬ ‫ي‬ ‫أولية مدتها ‪ 1‬سنة (واحد) ومن ثم سيتم تجديد المدة الحقا‬ ‫ين‬ ‫(سنت�‬ ‫‪).‬لتصبح ‪ 2‬سنه‬

‫ ‪-‬‬ ‫ ‪-‬‬

‫‪.‬تحويل االموال بقيمة تزيد عن ‪.1,000,000‬يورو‬ ‫تحويل االموال بقيمة تزيد عن ‪ 350,000‬يورو‬ ‫‪.‬لالستثمار ف� أ‬ ‫النشطة البحثية‬ ‫ي‬ ‫ ‪-‬‬ ‫تحويل االموال بقيمة تزيد عن ‪ 250,000‬يورو‬ ‫‪.‬لالستثمار ف� أ‬ ‫النشطة الفنية والثقافية‬ ‫ي‬ ‫تحويل االموال بقيمة تزيد عن ‪ 500,000‬يورو كرأس ‪-‬‬ ‫‪.‬مال ش‬ ‫الصغ�ة والمتوسطة‬ ‫لل�كات‬ ‫ي‬ ‫‪:‬إنشاء عمل‬

‫ •‬

‫‪.‬توف� ما ال يقل عن ‪ 10‬وظائف‬ ‫ي‬

‫ ‪-‬‬

‫عدم وجود محاوالت سابقة ف ي� مصلحة الهجرة‬ ‫ال�تغالية وخدمات الشنغن‬ ‫ب‬ ‫ •‬ ‫عدم وجود اية إدانة لجريمة ذات صلة بمقدم‬ ‫ا لطلب‬ ‫الحد أ‬ ‫ف‬ ‫ال ن‬ ‫ •‬ ‫ال�تغال‪( 7 :‬سبعة) أيام‬ ‫د� للإقامة ي� ب‬ ‫خالل السنة أ‬ ‫الوىل و‪( 14‬أربعة ش‬ ‫ع�) يوما خالل كل تف�ة الحقة ف ي�‬ ‫ين‬ ‫العام�‬ ‫أثناء‬ ‫ •‬

‫التأش�ة الذهبية لمتطلبات قليلة من جانب‬ ‫وبذلك يخضع برنامج‬ ‫ي‬ ‫التأش�ة الذهبية عىل أنه يجب عىل‬ ‫المستثمر‪ .‬حيث بنص برنامج‬ ‫ي‬ ‫ت‬ ‫ال� تنطبق عىل جميع‬ ‫المستثمر أن يتوافق مع المتطلبات العامة ي‬ ‫أنواع االستثمارات وكذلك مع المتطلبات المحددة لكل نوع من‬ ‫‪.‬انواع االستثمار‬

‫ال�تغال‬ ‫ملخص حول دولة ب‬

‫وبذلك يجب عىل جميع المستثمرين بشكل عام التوافق مع‬ ‫‪:‬المتطلبات التالية‬ ‫الستثمار لمدة ال تقل عن ‪ 5‬سنوات‬ ‫استمرار إ‬ ‫ينبغي أن يتم تمويل هذا االستثمار من الخارج‬ ‫تأش�ة شنغن صالحة‬ ‫ال�تغال من خالل ي‬ ‫دخول ب‬

‫ •‬ ‫ •‬ ‫ •‬

‫عىل الرغم من زيادة تكلفة برنامج المواطنة من خالل االستثمار‬ ‫ق‬ ‫ال�تغال للمستثمرين مناخ‬ ‫ج�انها من الدول‪ ،‬ولكن تقدم ب‬ ‫با� ي‬ ‫عن ي‬ ‫فئ‬ ‫دا� وودود‪ ،‬باالضافة يال سواحلها الرائعة ونبض الحياة بالمدن‬ ‫ت‬ ‫ال�تغال أفضل‬ ‫تقدم‬ ‫وبذلك‬ ‫بها‪.‬‬ ‫لالقامة‬ ‫المستثمرين‬ ‫يسعي‬ ‫ال�‬ ‫ب‬ ‫ي‬ ‫ت‬ ‫ال� تمتاز بها اوروبا من ناحية التنوع والجمال‬ ‫عوامل الجذب ي‬ ‫‪.‬والثقافة‬

‫وجدير بالذكر أنه يتم تأهيل االستثمارات المقامة بدءا من يوم ‪8‬‬

‫‪Country Spotlight‬‬


‫‪Citizenship by Investment Summer 2016‬‬

‫ف‬ ‫بل�تغال‪ :‬تسليط الضوء عىل عوامل الجذب ي� البل‬

‫ال�تغال ‪-‬مقدمة حول البلد‬ ‫ب‬ ‫ال�تغال موطنا أل ثك� من ‪ 10.5‬مليون نسمة من مواطنيها‪.‬‬ ‫تعت� ب‬ ‫ب‬ ‫االيب�ية وحدود إسبانيا‬ ‫حيث تمتد اراضيها لتشمل شبه الجزيرة‬ ‫ي‬ ‫أ‬ ‫لل�تغال‬ ‫طلس ‪ .‬وتعد مدينة لشبونة هي العاصمة ب‬ ‫والمحيط ال ي‬ ‫ت‬ ‫وال� يبلغ عدد سكانها نحو ‪ .552,700‬وقد أثر إطالل البلد عىل‬ ‫ي‬ ‫المحيط ف ي� جوانب عديدة من الثقافة‪ .‬فقد أثبتت شواطئها الجميلة‬ ‫أنها المقصد السياحي ث‬ ‫االك� شهرة ف� ي ن‬ ‫ح� ان معظم الهندسة‬ ‫ي‬ ‫ف‬ ‫ن‬ ‫ح� كان‬ ‫المعمارية ي� البلد يرجع تاريخها إىل ما قبل القرن ‪ 1500‬ي‬ ‫إم�اطورية بحرية هائلة‬ ‫‪.‬لل�تغال ب‬ ‫ب‬ ‫ال�تغال بثقافة دقيقة للغاية‪ ،‬حيث ي ز‬ ‫تتم� بمزيج فريد‬ ‫كما تمتاز ب‬ ‫من التقاليد والحداثة وهما ي ن‬ ‫شيئ� سوف تناضل من أجل العثور‬ ‫عىل مثيلهما ف� أي مكان آخر‪ .‬حيث تعد مناظرها الطبيعية أ‬ ‫الخاذة‬ ‫ي‬ ‫المثال‬ ‫بالضافة يال وصفاتها الغذائية والخمور النقية هي الدواء‬ ‫إ‬ ‫ي‬ ‫ن‬ ‫يعا� من كآبة الحياة اليومية ويرغب بالتمتع بعطلة‪.‬‬ ‫لكل من ي‬ ‫ف‬ ‫ال�تغال بالمعتدل‪ ،‬حيث يتمتع الزوار‬ ‫ويمكن وصف المناخ ي� ب‬ ‫ين‬ ‫فيتام� د وذلك نتيجة إلطالل أشعة الشمس لمدة‬ ‫بجرعة عالية من‬ ‫تقرب من ‪ 3000‬ساعة سنويا عىل ما يقرب من ‪ 850‬كيلو تم� من‬ ‫ال�تغالية‬ ‫‪.‬الشواطئ ب‬ ‫ت‬ ‫لالس�خاء‪ ،‬لكنها التزال‬ ‫ال�تغال مقصد رائع‬ ‫وعىل الرغم من اعتبار ب‬ ‫ملء باالزدهار‬ ‫بلد ذات مضمون هام‪ .‬حيث ان تاريخ البلد ي‬


‫أ‬ ‫االم�اطورية العالمية رقم واحد‬ ‫ال�تغال ب‬ ‫والزمات‪ .‬حيث كانت ب‬ ‫ف‬ ‫أك� القوى االقتصادية‬ ‫ي� القرن ال ‪15‬وال ‪ ،16‬لتصبح واحدة من ب‬ ‫ف‬ ‫الغر� الواسع ي� جميع أنحاء‬ ‫والسياسية والعسكرية ذات النفوذ‬ ‫بي‬ ‫الك�ى‪ ،‬فقد‬ ‫العالم‪ .‬وكما هو الحال مع كل إ‬ ‫ال بم�اطوريات ب‬ ‫تدم� عاصمتها لشبونة‬ ‫ال�تغال للعديد من النكسات مثل ي‬ ‫تعرضت ب‬ ‫ف‬ ‫الكث� من قوتها‪.‬‬ ‫ال�تغال ي‬ ‫ي� عام ‪ 1755‬عىل يد زلزال هائل ليفقد ب‬ ‫تغال‬ ‫ولعل من الممكن لهذا التاريخ أن يعكس روح الشعب ب‬ ‫ال� ي‬ ‫المعروف باالحتفال بما لديهم ألنهم يعرفوا أنه يمكن للحياة ف ي� أي‬ ‫كب�ة عليهم‪ .‬وبذلك فهناك شعور حقيقي‬ ‫لحظة أن تلقي بأعباء ي‬ ‫يجعل المرء يعيش كل يوم ويتمتع بمظاهر الحياة السعيدة‬ ‫ين‬ ‫بالمواطن�‬ ‫ليصبح من الصعب أن تشعر بالقلق عندما تكون محاط‬ ‫‪.‬ال� ي ن‬ ‫تغالي�‬ ‫ب‬ ‫ين‬ ‫ين‬ ‫ال� ي ن‬ ‫ين‬ ‫الروماني�‬ ‫الكاثوليكي�‬ ‫تغالي� هم من‬ ‫ويعد غالبية‬ ‫المواطن� ب‬ ‫الصغ�ة‬ ‫كب� من المجتمعات‬ ‫ي‬ ‫تعت� البلد أيضا موط ًنا لعدد ي‬ ‫لكن ب‬ ‫ت‬ ‫ال� تمثل أديان مختلفة‪ .‬وبذلك ترحب البلد بكل من يدخل‬ ‫ي‬ ‫ال�تغالية هي اللغة‬ ‫تعت� اللغة ب‬ ‫حدودها‪ .‬باالضافة يال ذلك‪ ،‬ب‬ ‫ت‬ ‫وال� تعد من مشتقات اللغة الالتينية القديمة‪ .‬ولكن‬ ‫الرسمية ي‬ ‫ال�تغالية ليست لغتك أ‬ ‫الوىل‪ ،‬فال تشعر بالخوف فوفقا‬ ‫إذا كانت ب‬ ‫يز‬ ‫ش‬ ‫ال�تغال من الدول‬ ‫لمؤ� إي أف للكفاءة ف ي� اللغة‬ ‫االنجل�ية‪ ،‬تعد ب‬ ‫ف‬ ‫ال ي ز‬ ‫نجل�ية‪ ،‬بنسبة أعىل من دول‬ ‫ذات مستوى اتقان عال ي� اللغة إ‬ ‫‪.‬أخري مثل إيطاليا وفرنسا واليونان‬

‫ف‬ ‫ال�تغال‬ ‫برنامج المواطنة من خالل االستثمار ي� ب‬ ‫ف‬ ‫ال�تغال‪،‬‬ ‫الكث� من الناس‪ ،‬بعد إمضائهم بعض الوقت ي� ب‬ ‫يرغب ي‬ ‫ف� العيش بالبلد بشكل دائم‪ .‬ولذلك فهناك بعض أ‬ ‫الخبار الجيدة‬ ‫ي‬ ‫لهؤالء االفراد حيث ان برنامج المواطنة من خالل االستثمار متاح ف ي�‬ ‫ال�تغال‪ .‬ولكن سوف يحتاجون إىل استثمار ما ال يقل عن ‪500,000‬‬ ‫ب‬ ‫"التأش�ة الذهبية‬ ‫‪".‬يورو من أجل التأهل للحصول عىل‬ ‫ي‬ ‫التأش�ة الذهبية‪ ،‬يمكنك عندئذ التقدم‬ ‫فبمجرد حصولك عىل‬ ‫ي‬ ‫لتصبح مواطنا برتغال بعد ست سنوات‪ .‬ولكن يزيد الحد أ‬ ‫ال ن‬ ‫د�‬ ‫ي‬ ‫أ‬ ‫ورو�‬ ‫لتكاليف االستثمار ب‬ ‫بال�تغال عن يغ�ها من دول االتحاد ال ب ي‬ ‫أ‬ ‫ف‬ ‫ف‬ ‫الخرى‪ .‬ولكن ستتمتع ي� المقابل بالعديد من الفوائد بما ي� ذلك‬ ‫�ض‬ ‫التمتع بمعدالت يبية منخفضة‪ ،‬ومدد إقامة منخفضة‪ ،‬وبالتأكيد‬ ‫وبالتال يمكنك التمتع بعيشة‬‫التمتع بالمناخ والثقافة سويا معا‬ ‫ي‬ ‫ف‬ ‫دا�ء‬ ‫‪.‬هنية وطقس ي‬

‫طرق التقديم بب�نامج المواطنة من خالل‬ ‫ف‬ ‫ال�تغال‬ ‫االستثمار ي� ب‬ ‫‪:‬االستثمارات العقارية‬

‫ •‬

‫ش‪�.‬اء ممتلكات تزيد قيمتها عن ‪ 500,000‬يورو‬

‫ ‪-‬‬

Citizenship by Investment Summer 2016

Dr. Peter Marxer jun. Chairman, Continor 1. Please tell us a bit about what services Continor can provide to HNWIs? Continor is advising clients on the formation and administration of foundations, trusts and companies to hold participations and to provide for succession planning and asset protection.


We also advise clients regarding their charitable endeavours and philanthropy. My family has been engaged in these fields since 1925. Based on our knowledge and experience Continor can provide highly competent advice.

2. Can you tell us more about the Liechtenstein Foundations? Liechtenstein with HSH the Prince of Liechtenstein as the Head of State is a politically, economically and socially very stable country. This is the ideal basis for the financial services sector in which foundations play a key role. A foundation is an independent legal entity and its assets are separated from the founder’s private wealth. The founder when setting up a foundation defines how its assets shall be managed and who shall be the beneficiaries.



as one of its main characteristics is the perfect basis for tailor made solutions.

4. Are you able to offer services to accommodate clients from the Arab states in particular? We are aware that there are certain social and legal particularities in the Arab world which have to be taken into account when serving Arab clients. Based on our experience and the flexibility of the foundation law we are able to live up to their demanding expectations.

5. You have branches in both Switzerland and Liechtenstein – are there any advantages to either of these locations for HNWIs?

Dr. Peter Marxer jun.

Both Switzerland and Liechtenstein are well known for their financial services sectors. However, they have different strengths. In Switzerland it is the private banking, in Liechtenstein it is the foundation law. These strengths complement each other. It is this combination why we are present both in Liechtenstein as well as in Switzerland.



Do you offer solutions which are tailored to each individual client?

Do you have any future developments planned in order to improve your service to clients even further?

It has always been our credo to develop individual solutions as every client has different needs and wishes.

For almost a century the foundation law has proven to provide for reliable and successful estate planning solutions. It is thus our constant goal to remain focused on maintaining a high level of expertise to continue to be able to seize the chances and opportunities for the benefit of our clients.

We therefore carefully assess the situation of each client before drafting the foundation documents. The Liechtenstein foundation law with its flexibility


It has always been our credo to develop individual solutions as every client has different needs and wishes.

Citizenship by Investment Summer 2016

Country Spotlight

Switzerland Country Spotlight

Ü Switzerland Itself – An Introduction Switzerland is a beautiful, mountainous country which is landlocked in between neighbouring countries France, Germany, Austria and Italy. It is well known for its independence and holds a neutral stance in regards to political and economic issues. Although Switzerland is positioned very close to the centre of Europe, due to its isolationist approach it is not a member of the EU as a referendum in 2001 voted against joining. It has maintained a neutral state for centuries, meaning it cannot engage in armed conflict unless it is attacked by another country and needs to defend itself. Switzerland has used its unique independence to have complete political stability and prosper to become one of the wealthiest countries in the world.


Known officially as the “Swiss Confederation” since the Swiss Federal Constitution in 1848, it was one of the only European countries fortunate enough to avoid being invaded during either of the World Wars, although the Allies accidentally bombed Schaffhausen, Basel and Zürich, and it was only in 2002 that Switzerland became a full member of the United Nations, with only the Vatican City being the remaining largely recognised state yet to become a full member. Although Switzerland is not an official member of the European Union, it has various bilateral agreements with them and as a result, Swiss law is inadvertently beginning to comply with EU legislation. Geographically, Switzerland can be divided into three main regions: the Jura, the Plateau and the Alps.

Diversity is a widely celebrated and practised part of Swiss life and this is reflected by the wide range of traditional customs it adheres to.

Citizenship by Investment Summer 2016

These three regions combined cover approximately 41,000 square kilometres although approximately 11,000 square kilometres of this consists of lakes, rivers or areas with no or little vegetation. Over 8 million people inhabit this space which makes the population density high with there being around 200 people per square km across the areas which are inhabitable.

the most important cultural performances held annually are the PalĂŠo Festival, Lucerne Festival, the Montreux Jazz Festival, the Locarno International Film Festival and the Art Basel. Outside of the hustle and bustle of the main tourist city attractions, there are traditional farmer and herder cultures in many areas and small farms are omnipresent.

Diversity is a widely celebrated and practised part of Swiss life and this is reflected by the wide range of traditional customs it adheres to. Not only does it have its own wide cultural practise, it also invests heavily in preserving cultures of the past, as evidenced by the existence of over 1,000 museums throughout the country. Among

The main language used is principally German although other popularly used languages include French, Italian and Romansh. Freedom of press and the right to freedom of expression are given heavy credence, and these rights are engrained into the Swiss federal constitution itself. Information is broadcast 24 hours a day }}}

The main language used is principally German although other popularly used languages include French, Italian and Romansh.


Country Spotlight

Citizenship by Investment Summer 2016

7 days a week in a variety of languages – print media in particular is diverse and widespread, with Switzerland historically boasting the greatest number of newspaper titles published in proportion to its population and size. Although famous for its luxurious banking industry, Switzerland is active and prosperous in a number of industry fields. Another well-known one is high-end watches, in which they are of the world’s largest exporters. The exports of those watches mainly go to Asia (55%), Europe (29%), America (14%), Africa and Oceania (both 1%)


and all these combined amount to the highest value watch exports amount worldwide with Hong Kong trailing in second place. There is also an extensive industrial sector, with many global corporations such as Nestle, Novartis and Sika AG set up In the area.

Ü Swiss Citizenship by Investment Although Switzerland does not offer any official citizenship by investment programs, if you have

lived in or have residency in Switzerland for over 12 years then you can apply for citizenship through a process known as “naturalisation”. In order for a foreign HNWI to acquire a residency permit they must pay at least CHF 250,000 per year in taxes – part of this process also involves passing an exam which tests basic knowledge of Swiss history, geography, social security, civics, language, rights and duties of Swiss citizens, religion, democracy, federalism and education.

Citizenship by Investment Summer 2016

Although famous for its luxurious banking industry, Switzerland is active and prosperous in a number of industry fields. Another wellknown one is high-end watches, in which they are of the world’s largest exporters. 63

‫‪Citizenship by Investment Summer 2016‬‬ ‫وتعد أ‬ ‫اللمانية هي اللغة الرئيسية الرسمية للبلد‪ ،‬عىل الرغم‬ ‫من استخدام يغ�ها من اللغات الشعبية مثل الفرنسية‬ ‫مبادي حرية‬ ‫واليطالية والرومانشية‪ .‬باالضافة يال ذلك‪ ،‬تحظي‬ ‫إ‬ ‫ْ‬ ‫كب� ‪ ،‬وذلك إستنا ًد ا‬ ‫الصحافة والحق ف ي� حرية‬ ‫التعب� بتأييد ي‬ ‫ي‬ ‫يال المواد المنصوصة ف ي� الدستور االتحادي السويرسي‪ .‬كما‬ ‫يتم بثالمعلومات واالخبار بالعديد من اللغات المتنوعة عىل‬ ‫مدارال ‪24‬‬ ‫عل وسائل‬ ‫الطلب‬ ‫يزيد‬ ‫حيث‬ ‫السبع‪.‬‬ ‫االسبوع‬ ‫ايام‬ ‫خالل‬ ‫ساعة‬ ‫ي‬ ‫العالم المطبوعة بالتحديد نتيجة لشهرة البلد تاريخيا بكونها‬ ‫إ‬ ‫صاحبة اعل نسبة شن� للعناوين الصحفية ث‬ ‫واك� البالد تنوعا من حيث‬ ‫ي‬ ‫‪.‬المؤسسات الصحفية وذلك نتيجة لعدد سكانها و لمساحة البلد‬ ‫ف‬ ‫المرص� الفاخر‪ ،‬ولكنها‬ ‫وعىل الرغم من اشتهار سويرسا بالقطاع‬ ‫ي‬ ‫تزدهر ايضا بالعديد من المجاالت الصناعية االخري‪ .‬ومن ي ن‬ ‫ب�‬

‫ت‬ ‫ال� تشتهر بها البلد هي صناعة الساعات الراقية‬ ‫هذه الصناعات ي‬ ‫وال� تعد البلد من ث‬ ‫ت‬ ‫اك� الدول المصدرة لها‬ ‫فعالية الجودة والكفاءة‪ ،‬ي‬ ‫ي� العالم‪ .‬حيث يتم تصدير نسبة ‪ 55٪‬من هذه الساعات إىل آسيا‪،‬‬ ‫ونسبة ‪ 29٪‬يال أوروبا‪ ،‬ونسبة ‪ 14٪‬يال أمريكا‪ ،‬و‪ 1٪‬يال كال من أفريقيا‬ ‫وأوقيانوسيا‪ .‬ليحتل مجموع نسب صادرات الساعات السويرسية المركز‬ ‫ن‬ ‫الثا� ‪ .‬كما‬ ‫عل مستوي العالم‪ ،‬بينما تحتل هونج كونج المركز ي‬ ‫االول ي‬ ‫تشتهر البلد ايضا بازدهار القطاع الصناعي‪ ،‬حيث تم تأسيس العديد‬ ‫‪ Sika.‬و ‪ Novartis‬و ‪ Nestle‬من ش‬ ‫ال�كات العالمية مثل مجموعة‬

‫عن طريق االستثمار‪ ،‬ولكن يمكنك التقدم بطلب للحصول عىل‬ ‫الجنسية من خالل ما يعرف ب "طلب الحصول عىل الجنسية"‪،‬‬ ‫ش�ط ان تكون قد عشت بالبلد أو لديك ما يثبت إقامتك بها لمدة‬ ‫الثرياء أ‬ ‫تزيد عن ‪ 12‬عاما‪ .‬كما يجب عل أ‬ ‫الجانب الر ي ن‬ ‫اغب� ف ي�‬ ‫ي‬ ‫�ض‬ ‫الحصول عىل ترصيح إقامة ان يقوموا بدفع ائب سنوية بقيمة‬ ‫ال تقل عن ‪ 250000‬فرنك سويرسي‪ .‬كما تشتمل عملية التقديم‬ ‫عل الخطوع ال امتحان يخت� المعرفة أ‬ ‫الساسية ف ي� التاريخ‬ ‫ب‬ ‫ي‬ ‫ي‬ ‫ت‬ ‫والجغرافيا ونظام التأمينات االجتماعية وقواعد ال�بية المدنية‬

‫برنامج سويرسا للمواطنة من خالل االستثمار‪-‬‬ ‫طلب الحصول عىل الجنسية‬

‫والوطنية الخاص بالبلد‪ ،‬وايضا اختبار لغة واختبار لمعرفة‬ ‫ين‬ ‫للمواطن� السويرسين واختبار للدين‬ ‫الحقوق و الواجبات‬ ‫واللمام بالنظام الفيدر يال واختبار للإ مكانيات‬ ‫ومبادي الديمقراطية إ‬ ‫ْ‬ ‫‪.‬ا لتعليمية‬

‫عىل الرغم من عدم تقديم سويرسا ألي برامج رسمية للمواطنة‬

‫‪Country Spotlight‬‬


‫‪Citizenship by Investment Summer 2016‬‬

‫ف‬ ‫سويرسا‪ :‬تسليط الضوء عىل عوامل الجذب ي� البلد‬

‫سويرسا‪ -‬مقدمة حول البلد‬ ‫تعد سويرسا بلد يغ� ساحلية جبلية جميلة‪ ،‬حيث تقع ي ن‬ ‫ب� فرنسا‬ ‫وألمانيا والنمسا وإيطاليا ‪ .‬وتشتهر باستقالليتها وموقفها الحيادي‬ ‫تجاه كل ما يتعلق بالقضايا السياسية واالقتصادية‪ .‬فعىل الرغم من‬ ‫موقعها القريب من وسط أوروبا‪ ،‬لكنها ليست من اعضاء االتحاد‬ ‫أ‬ ‫ورو� ‪ ،‬كما هي اشارت ف ي� استفتاء عام ‪ 2001‬المتعلق بالتصويت‬ ‫ال ب ي‬ ‫االورو� ‪ ،‬وذلك نظرا إلنتهاجها مبدأ‬ ‫االتحاد‬ ‫ال‬ ‫االنضمام‬ ‫ضد‬ ‫بي‬ ‫ي‬ ‫عل موقفها الحيادي لعدة قرون مما‬ ‫االنعزال‪ .‬وقد حافظت الدولة ي‬ ‫ف‬ ‫ف‬ ‫نتج عنه عدم مشاركتها ي� أي نزاع مسلح إال إذا كانت ي� موقف دفاع‬ ‫عن النفس نتيجة لتعرضها لهجوم من أي بلد أخر‪ .‬وقد استغلت‬ ‫السياس‬ ‫االستقالل الفريد ف ي� تحقيق االستقرار‬ ‫سويرسا هذا المنهج‬ ‫ي‬ ‫ي‬ ‫‪.‬الكامل للبلد‪ ،‬ولك تزدهر وتصبح واحدة من ن‬ ‫أغ� دول العالم‬ ‫ي‬ ‫وقد سميت البلد رسميا ب "االتحاد السويرسي" وذلك منذ تأسيس‬


‫الدستور الفدر يال السويرسي لعام ‪ .1848‬وبذلك تكون سويرسا‬ ‫أ‬ ‫ت‬ ‫ال� لم تتعرض‬ ‫أواحدة من الدول الوروبية الوحيدة المحظوظة ي‬ ‫ن‬ ‫ن‬ ‫العالميت�‪ ،‬فيما عدا قصف الدول‬ ‫الحرب�‬ ‫لي غزو خالل أي من‬ ‫ي‬ ‫ي‬ ‫الحلفاءبالخطأ لمدن شافهاوزن وبازل و زيورخ‪ .‬كما منحت ايضا‬ ‫سويرسا العضوية الكاملة ف� منظمة أ‬ ‫المم المتحدة عام ‪،2002‬‬ ‫ي‬ ‫لتصبح بذلك دولة مدينة الفاتيكان هي الدولة الوحيدة ت‬ ‫ال� لم‬ ‫ي‬ ‫يتم منحها عضوية االمم المتحدة بعد‪ .‬وقد عقدت سويرسا‬ ‫االورو�‬ ‫العديد من االتفاقات الثنائية المختلفة مع دول االتحاد‬ ‫بي‬ ‫عل الرغم من عدم ت‬ ‫االورو� ‪ .‬ونتيجة لذلك‪ ،‬فقد‬ ‫اش�اكها باالتحاد‬ ‫بي‬ ‫ي‬ ‫ش‬ ‫بالمتثال لت� يعات االتحاد‬ ‫بدأ القانون السويرسي عن يغ� قصد إ‬ ‫أ‬ ‫ورو�‬ ‫‪.‬ال ب ي‬ ‫افيا إىل ثالث مناطق رئيسية هم‪:‬‬ ‫ويمكن تقسيم سويرسا جغر ً‬ ‫منطقة الجورا ومنطقة الهضبة وجبال أ‬ ‫اللب‪ .‬لتحتل هذه المناطق‬ ‫ت‬ ‫كيلوم�مربع‪ .‬ولكن يندر وجود‬ ‫الثالث مساحة تقرب من ‪41000‬‬ ‫بح�ات وانهار تغطي مساحة‬ ‫النباتات بها عىل الرغم من وجود ي‬

‫تصل يال ‪ 11000‬كيلو‪ .‬كما يسكن بهذه المناطق ما يزيد عن ‪8‬‬ ‫ين‬ ‫مالي� نسمة مما يزيد الكثافة السكانية‪ ،‬حيث يقيم ما يقرب من‬ ‫ت‬ ‫كيلوم�مربع مؤهل وصالح للسكن‬ ‫عل كل‬ ‫‪ 200.‬شخص ي‬ ‫عل‬ ‫كما تتمتع سويرسا بالتنوع عىل مستوي واسع لينعكس ذلك ي‬ ‫ثقافة الحياة السويرسية الممثلة ف ي� العادات والتقاليد المتنوعة‬ ‫والمتعددة بالبلد‪ .‬ويتم استغالل هذا التعدد والتنوع ليس فقط‬ ‫ف ي� ممارسات الثقافية‪ ،‬وإنما ايضا ف ي� الحفاظ عىل الثقافات القديمة‬ ‫ت‬ ‫عل ما يزيد عن الف متحف ف ي� جميع‬ ‫من خالل ال�ميم والحفاظ ي‬ ‫بالضافة يال ذلك‪ ،‬يزيد االهتمام بالعروض السنوية‬ ‫أنحاء البالد‪ .‬إ‬ ‫لوس�ن ومهرجان ت‬ ‫مون�و‬ ‫الثقافية مثل مهرجان باليو ومهرجان ي‬ ‫ئ‬ ‫الدول ومهرجان الفن‬ ‫السينما�‬ ‫لموسيقى الجاز ومهرجان لوكارنو‬ ‫ي‬ ‫ي‬ ‫ف ي� بازل‪ .‬وبعيدا عن صخب وضجيج معالم المدينة السياحية‬ ‫الرئيسية‪ ،‬يمكن التمتع ايضا بالممارسات الثقافية يال يقوم بها‬ ‫المز ي ن‬ ‫ش‬ ‫المنت� ين ف ي� العديد من المناطق والمزارع‬ ‫ارع� ورعاة الماشية‬ ‫‪.‬الصغ�ة‬ ‫ي‬

Citizenship by Investment Summer 2016

UK Country Spotlight

Country Spotlight

Submitted by: JSK Law ¡ Tel: 44(0)20 426 1750 ¡ Email: info@jsklaw.co.uk ¡ Web: www.jsklaw.co.uk

Ü Investors Britain remains a great destination, with good investment opportunities and a strong wellmanaged economy giving excellent working opportunities, a renowned legal system with excellent education opportunities. With a stable and democratic political system and transport links which are World-Class. UK is a popular choice for many investors and their families.

Ü Criteria

è The Applicant must be able to maintain and accommodate himself and any dependents without recourse to public funds. è The Applicant’s investment must remain in excess of £2 million at all times.

Ü Approved Investments

è The funds must not be invested through an offshore company or trust. è The funds must not be invested in openended investment companies, investment trust companies or pooled investment vehicles.

è UK Equities; or è Loan capital in active UK registered companies (apart from those principally engaged in property investment).

è The funds must not be invested by using deposits with a bank, building society or other enterprise whose normal course of business includes the acceptance of deposits.

To be eligible for an Investor Visa an Applicant must meet the following Criteria: è Has no less than £2million in a regulated financial institution and disposable in the UK.

è UK Government bonds;

è There is no English language requirement

Ü Investments that will not be counted towards the award of points for Tier 1 Investor

è The funds must not be invested in companies mainly engaged in property investment, property management or property development. This requirement prevents investment in companies whose main function is to own or manage land or buildings. It does not prevent investment in, for example, construction firms, manufacturers or retailers who own their own premises.

Within 3 months of the applicant’s initial entry to the UK, the applicant must invest 100% of their capital in one or more of the following:

è An Applicant must invest £2 million in the UK in approved investments


è The Applicant is permitted 180 days per year maximum permitted absences from the UK.

Citizenship by Investment Summer 2016

è Applications that rely on leveraged investment funds will not be approved. For example where applicants have purchased stocks or other investments by using borrowed funds (on margin).

Ü Procedure and Timetable First 3 years:

è Not spend more than 450 days outside the UK in the previous 5 years; and è Not spend more than 90 days outside the UK in the year immediately preceding the application. There is discretion to waive excess absences subject to certain criteria.

è The Applicant must normally submit an application to the British Embassy in their country of residence, and if approved, the Applicant and dependent family members (which includes children under 18 years of age) will receive visas to reside in the UK for 3 years.


Next 2 years

Ü Fast Track Settlement for Investors

è After the initial 3 year period, the Applicant and dependents must apply for a 2 year visa extension in the UK, which will normally be granted if the Applicant continues to fulfil the Criteria.

After 5 years è If the Criteria have been met, the Applicant and dependent family may apply for Indefinite Leave to Remain in the UK. To maintain this status the Applicant should not be absent from the UK for more than 2 years. In practice an Applicant should maintain proof of residency in the UK and seek to enter the UK more frequently.

After 6 years The Applicant and dependents can apply for British Citizenship subject to satisfying the following residency requirements:

è Once Citizenship, with a UK passport has been granted, there is no restriction on the time that must be spent in the UK.

è For those who are able to invest at least £5 million in the UK, the residence period required to qualify for Settlement is now reduced to 3 years, with a reduced period of residency of 6 months in each year.

With a stable and democratic political system and transport links which are WorldClass. The UK is a popular choice for many investors and their families.

è For those who are able to invest at least £10 million in the UK, the residence period required to qualify for Settlement is now reduced to 2 years, again with an annual 6 months residence requirement. è For both of these fast track categories, British Citizenship can be applied for after 5 years (reduced from the current 6 year period), subject to compliance with the relevant residence requirements.

The information and opinions expressed do not constitute legal advice and should not be regarded as a substitute for legal advice For further information please contact the writer, Rita Shah at rita.shah@jsklaw.co.uk


‫‪Citizenship by Investment Summer 2016‬‬

‫ال تزال تعد بريطانيا وجهة رائعة لما توفره من نظام ن‬ ‫قانو� ضخم‬ ‫ي‬ ‫بالضافة يإل تمتعها بقوة اقتصادية هائلة‬ ‫وفرص تعليم واستثمار جيدة‪ .‬إ‬ ‫ف‬ ‫عل‬ ‫مما يساعد ي� ي‬ ‫توف� فرص عمل ممتازة‪ .‬بحيث تعد بريطانيا دولة ي‬ ‫ز‬ ‫سياس ديمقراطي مستقر ووسائل‬ ‫تتم� به من نظام‬ ‫الطراز العالمي لما ي‬ ‫ي‬ ‫نقل عالية الجودة‪ .‬وبذلك تعد المملكة المتحدة هي االختيار االفضل‬ ‫‪.‬لدي المستثمرين وعائلتهم‬ ‫المعاي�‬ ‫ي‬ ‫ف‬ ‫المعاي� التالية يك يتم تأهيله‬ ‫يستو�‬ ‫عل مقدم الطلب ان‬ ‫ي‬ ‫ي‬ ‫يجب ي‬ ‫تأش�ة البلد كمستثمر‬ ‫عل ي‬ ‫‪:‬للحصول ي‬ ‫ت ن‬ ‫لي� ف ي� احد‬ ‫ان يمتلك حساب ي‬ ‫بنك بقيمة ال تقل عن ‪ 2‬مليون جنية إس� ي‬ ‫لك يتم استثمارها ف ي� المملكة المتحدة‬ ‫‪.‬المؤسسات المالية ي‬ ‫عل مقدم الطلب ان يستثمر ما ال يقل عن‬ ‫يجب ي‬ ‫اس� ن‬ ‫‪ 2‬مليون جنيه ت‬ ‫لي� ف ي� المملكة المتحدة من خالل االستثمارات‬ ‫ي‬ ‫المعتمدة‬ ‫يز‬ ‫االنجل�ية‬ ‫ال يوجد ش�ط إلتقان اللغة‬ ‫يسمح لمقدم الطلب ان يتغيب عن االقامة بالمملكة‬ ‫‪.‬المتحدة لمدة ال تزيد عن ‪ 180‬يوم بالسنة‬ ‫قادرا عىل البقاء والمعيشة‬ ‫يجب أن يكون مقدم الطلب ً‬ ‫عل مصادر تمويلية خارجية‬ ‫عل نفقته الخاصة دون االعتماد ي‬ ‫‪.‬بالبلد ي‬ ‫البد ان تظل قيمة استثمارات المتقدم ثابتة بقيمة ال‬ ‫ت ن‬ ‫لي� ف ي� جميع االوقات‬ ‫‪.‬تقل عن ‪ 2‬مليون جنيه اس� ي‬

‫ ¡‬

‫ ¡‬ ‫ ¡‬ ‫ ¡‬ ‫ ¡‬

‫االستثمارات المعتمدة‬ ‫االول من دخوله المملكة‬ ‫عل مقدم الطلب خالل الثالث شهور ي‬ ‫يجب ي‬ ‫المتحدة ان يستثمر نسبة ‪ % 100‬من رأس المال الخاص به ف ي� واحد او‬ ‫ث‬ ‫‪:‬اك� من االستثمارات االتية‬ ‫سندات حكومة المملكة المتحدة‬ ‫أسهم ف ي� المملكة المتحدة‪ ،‬أو‬ ‫إقراض رأس المال ف ي� ش‬ ‫ال�كات النشطة المسجلة ف ي�‬ ‫ت‬ ‫ش‬ ‫ال� تعمل بمجال االستثمار‬ ‫المملكة المتحدة ( باستثناء ال�كات ي‬ ‫‪).‬العقاري‬

‫ ¡‬ ‫ ¡‬ ‫ ¡‬

‫ال يجب إستثمار االموال ف ي� ش�كات خارجية أو ودائع‬ ‫‪.‬تأمينية‬ ‫ف‬ ‫ ¡‬ ‫الستثمار ذات رأس‬ ‫ال يجب إستثمار االموال ي� ش�كات إ‬ ‫المال المفتوح او ش�كات االئتمان االستثمارية او ش�كات االستثمار‬ ‫‪.‬المجمعة لرؤوس اموال المستثمرين‬ ‫ ¡‬ ‫ال يجب استثمار االموال ف ي� ش�كات استثمار او إدارة او‬ ‫ال�ط االستثمار ف ي� ش‬ ‫تطوير الممتلكات‪ .‬وبذلك يمنع مثل هذا ش‬ ‫ال�كات‬ ‫ن‬ ‫ض‬ ‫ت‬ ‫ش‬ ‫والمبا�‪ .‬ولكن يتيح هذه ال�ط‬ ‫ا�‬ ‫ي‬ ‫ال� تهدف يال إدارة وامتالك االر ي‬ ‫ي‬ ‫ين‬ ‫المصنع� او تجار التجزئة الذين‬ ‫االستثمار ف ي� ش�كات البناء او العمل مع‬ ‫‪.‬يمتلكون أماكن عمل خاصة بهم‬ ‫ ¡‬ ‫ال يجب استثمار االموال ف ي� الودائع سواء كانت البنكية او‬ ‫الودائع ف ي� مجال أنشطة بناء المجتمع او االستثمار ف ي� اي مؤسسة اخري‬ ‫‪.‬من شأنها قبول الودائع من مقدم الطلب‬ ‫ين‬ ‫ ¡‬ ‫المتقدم� الذين قاموا باستدانة اموال‬ ‫لن يتم قبول‬ ‫ف‬ ‫ش‬ ‫االستثمار‪.‬عل سبيل المثال ي� حالة �اء المتقدم لسندات او يغ�ها من‬ ‫ي‬ ‫)اشكال االستثمار باموال ت‬ ‫مق�ضة (حساب عىل المكشوف‬ ‫ن‬ ‫الزم� لعملية التقديم‬ ‫االجراءات والجدول ي‬ ‫ف‬ ‫االول‬ ‫ي� خالل الثالث سنوات ي‬ ‫ ¡‬

‫عل المتقدم ان يقدم استمارة التقديم الخاصة به لسفارة بريطانيا‬ ‫يجب ي‬ ‫ف‬ ‫ف‬ ‫ت‬ ‫عل الطلب‪ ،‬سيتسلم مقدم‬ ‫ال� يقيم بها‪ .‬ي‬ ‫و� حالة الموفقة ي‬ ‫ي� الدولة ي‬ ‫الطلب وأفراد ارسته الذين يتم اعالتهم (لتشمل بذلك االطفال تحت سن‬ ‫تأش�ة االقامة بالمملكة المتحدة لمدة ثالث اعوام‬ ‫‪ 18.‬عام) ي‬ ‫بعد مرور ي ن‬ ‫عام�‬ ‫تأش�ة االقامة ف ي�‬ ‫عل المتقدم وذويه ان يتقدموا بطلب لمد ي‬ ‫يجب ي‬ ‫المملكة المتحدة الخاصة بهم لمدة ي ن ت‬ ‫وال� يتم الموافقة عليها‬ ‫سنت�‪ .‬ي‬ ‫ف‬ ‫للمعاي� المطلوبة‬ ‫مستو�‬ ‫‪.‬بسهولة اذا ما كان المتقدم ال يزال‬ ‫ي‬ ‫ي‬ ‫بعد مرور ‪ 5‬اعوام‬ ‫عل االقامة الدائمة‬ ‫يمكن للمتقدم وذوية ان يتقدموا بطلب للحصول ي‬ ‫المعاي� المطلوبة‪.‬‬ ‫بالمملكة المتحدة ف ي� حالة استيفاء المتقدم لكافة‬ ‫ي‬

‫‪Country Spotlight‬‬


‫ت‬ ‫عل النقاط‬ ‫ال� لن يتم احتسابها وتأهيليها للحصول ي‬ ‫االستثمارات ي‬ ‫تأش�ة المستثمر‬ ‫عل ي‬ ‫المطلوبه للحصول ي‬

‫ولك يتم تأهيل المتقدم لمثل هذا الطلب‪ ،‬يجب عليه ان ال يتغيب‬ ‫ي‬ ‫القامة بأر ضا� المملكة المتحدة لمدة تزيد عن ي ن‬ ‫عام� ‪ .‬بحيث يجب‬ ‫عن إ‬ ‫ي‬ ‫عل دليل اقامته بالمملكة المتحدة ويسعي لدخول‬ ‫ان يحافظ المتقدم ي‬ ‫‪.‬اراضيها بشكل متكرر‬ ‫بعد مرور ‪ 6‬اعوام‬ ‫عل الجنسة‬ ‫يمكن للمتقدم وذوية ان يتقدموا بطلب للحصول ي‬ ‫يز‬ ‫‪:‬االنجل�ية ف ي� حالة استيفاءه شل�وط االقامة التالية‬ ‫اال ض‬ ‫ ¡‬ ‫يم� المتقدم مدة تزيد عن ‪ 450‬يوم خارج‬ ‫ي‬ ‫ف‬ ‫المملكة المتحدة ي� خالل الخمس اعوام الماضية‪ .‬باالضافة يال‬ ‫اال ض‬ ‫ ¡‬ ‫يم� المتقدم مدة تزيد عن ‪ 90‬يوم خارج المملكة‬ ‫ي‬ ‫ف‬ ‫تأش�ة االقامة‪ .‬كما‬ ‫عل ي‬ ‫المتحدة ي� خالل السنة ي‬ ‫االول من الحصول ي‬ ‫االقص للغياب عن البلد ولكن‬ ‫توجد صالحية للإعفاء من ش�ط الحد‬ ‫ي‬ ‫‪.‬بمعاي� معينة‬ ‫ي‬ ‫وما بعد ال‪ 6‬سنوات‬ ‫ت‬ ‫ال� يتم قضاءها بالمملكة المتحدة فور الحصول‬ ‫ال يوجد اي قيد ي‬ ‫عل المدة ي‬ ‫ز‬ ‫االنجل�ي‬ ‫‪.‬عل الجنسية واستخراج جواز السفر‬ ‫ي‬ ‫ي‬ ‫اتفاقيةالمستثمرينذاالمسارالرسيع‬ ‫ ¡‬ ‫يمكن االن وفقا لهذه االتفاقية ان يتم تقليل ش�ط مدة‬ ‫عل ضخ استثمار بقيمة‬ ‫االقامة بالمملكة المتحدة للمستثمرين القادرين ي‬ ‫ت ن‬ ‫لي� ‪ .‬ليتم تقليل مدة االقامة يال ‪ 3‬سنوات‬ ‫ال تقل عن ‪ 5‬مليون جنيه اس� ي‬ ‫ش‬ ‫‪.‬ب�ط االقامة بالمملكة المتحدة لمدة ال تقل عن ‪ 6‬اشهر بالسنة‬ ‫ ¡‬ ‫يمكن االن وفقا لهذه االتفاقية ان يتم تقليل ش�ط مدة‬ ‫عل ضخ استثمار بقيمة‬ ‫االقامة بالمملكة المتحدة للمستثمرين القادرين ي‬ ‫ت ن‬ ‫لي� ‪ .‬ليتم تقليل مدة االقامة يال ‪ 2‬سنوات‬ ‫ال تقل عن ‪10‬مليون جنيه اس� ي‬ ‫ش‬ ‫‪.‬ب�ط االقامة بالمملكة المتحدة لمدة ال تقل عن ‪ 6‬اشهر بالسنة‬ ‫عل الجنسية وفقا لكال الخيارين المذكورين‬ ‫ويمكن التقدم للحصول ي‬ ‫باالتفاقية اعاله بعد مرور ‪ 5‬سنوات (بدال من ‪ 6‬سنوات) شب�ط استيفاء‬ ‫ش‪�.‬وط االقامة المعتادة‬


232 Madison Ave, Suite 1001, New York, NY 10016. Phone: 212-233-7473 Email: info@mshahlaw.com

Mona Shah & Associates is located in the heart of New York City with a satellite office in London. We offer our clients the experience of a large, premiere firm without sacrificing the personal service and cordiality expected of a small firm. Our lawyers work closely with clients to provide highly personalized supports and legal solutions.

The United States Immigrant Investment Program ( The EB-5 Visa) By Mona Shah, Esq.


ongress created the

and (3) entrepreneurial direct

EB-5 program in 1990 to

project (not passive). For pooled

benefit the U.S. economy

investment programs, as in the

by attracting investments from

regional center investment, the EB-5

qualified foreign investors. Under

policy management requirement can

the Program, each investor must

be minimal for those not interested

prove that at least ten new jobs

in day-to-day management or

were created or saved as a result

running an active business.

of the EB-5 investment. For non-pooled projects, the More than 25 countries, including

investment may consist of the

Australia, Portugal, Spain, and

contribution of various forms of

the United Kingdom, use similar

capital, including cash, equipment,

programs to attract foreign

inventory, property, and other

investments, however, the

tangible equivalents.

American program, even though it is the cheapest, also requires

} Upcoming Changes in the

substantial risk, and is thus more

Investment Amount:

stringent than others.

Most regional center and direct pooled projects are at the

More than

In 1992 Congress expanded

$500,000 level, even those located

the program by creating the

in bustling cities such as Manhattan.

25 countries,

Immigrant Investor Pilot Program, which established EB-5 regional

This is due to a loop hole in the

including Australia,

centers. Regional centers allow

law. Congressional members

Portugal, Spain,

investment funds to be pooled

have stated that there is a need

together in USCIS-designated

for change and intend to amend

enterprises, and allow for

the law. Last year, Senators

investments in projects that

Leahy and Grassley (in Senate bill

Kingdom, use

require a larger inflow of capital.

1501) proposed drastic changes.

similar programs

3 Types of EB-5 Projects:

proposed raising the minimum

An Investor can invest in 3 types

amount from $500,000 to

to attract foreign

of EB-5 projects: (1) through

$800,000, with most projects


a regional center (a passive

falling out of TEA designation and

investment) (2) in a pooled direct

requiring an investment of

program (passive investment)

$1 million.

and the United

Amongst other things, the bill

Senate bill 1501 was overcome

percent of all trucking companies

of materials, equipment, and

with the program being extended

owning less than 20 trucks.

services that are used in a

unchanged until September 2016.

commercial enterprise’s capital Differences Between Direct and

investment project, but who

Which Project to Choose? EB-5

Regional Center Projects:

are not directly employed by

capital is a unique alternative to

The most important difference

the commercial enterprise.

traditional sources of funds. The

between the different EB-5

Construction jobs are often

EB-5 program was established

investments is the manner in

considered indirectly

to encourage foreigners to invest

which the jobs created are

created jobs.

in the United States and create

counted by United States

American jobs in exchange for

Citizenship and Immigration

A final category of jobs created

a U.S. green card. As credit

Service (USCIS), not as is often

by EB-5 ventures, which can be

markets tightened more and

misunderstood, the amount of

counted for regional center-based

more American businesses and

money invested.

investments but not stand-alone

developers have turned toward

ones are called induced jobs.

EB-5 funds to raise the required

Investors in direct projects make

Induced jobs are those jobs

capital for their projects.

an investment into a new or

created when direct and indirect

existing business venture in the

employees go out and spend their

The EB-5 program has typically

U.S. and can do so individually

increased income on consumer

been the preferred route for real

or with other investors. In stand-

goods and services.

estate development projects,

alone petitions, only direct jobs are

as developers have been

counted unlike a regional center.

} Advantages Of A Direct

increasingly turning to EB-5,

The most important advantage


as a plausible (and increasingly

of investing through a regional

¡ The adjudication time for a

credible) alternative financing

center is that indirect and induced

direct EB-5 petition is normally

mechanism. It can be structured

jobs are counted towards the job

considerably shorter in

as a short-term low-interest non-

creation requirement. In regional

most cases.

secured loan— without diluting

center-based investments,

the property owner’s equity.

depending on which econometric model is used to calculate the

¡ Fewer complexities than regional center projects

The fact that the capital

jobs, the number of jobs created is

investment is expected to be

usually almost three times greater

¡ As the amount of jobs that can

at risk, has made the choice

than those created by stand-alone

be created in a direct project

of project critical. At this time

investments. USCIS must accept

are far less than in a regional

there are 100’s of EB-5 projects

the model used for the jobs to

center project, the direct

on the market. It is often very

be counted.

project is usually simpler and often will have less debt. This

difficult for an investor to choose one. Investors have traditionally

} The difference between a

decreases the risk of failure

favored real estate related

directly created job and an

and importantly, increases the

projects. However, not all real

indirectly created job:

likelihood of recovering the

estate projects are viable and

The difference is easy, but

investment money

many times, large real estate

important, to understand. Direct

projects have been hampered

jobs are those that establish an

by construction delays. Other

employ-employee relationship

econometric reports to

projects in other industries, such

between the commercial

deal with

as transportation have emerged

enterprise and the persons that

as open alternatives to real estate.

they employ. For example, if an

The viability of transportation

EB-5 project builds a hotel that is

clear which increases the

projects speaks for itself.

open after a year, the receptionist

likelihood of successful I-829

Transportation around New York

position would be considered a


City alone is a $40 billion industry,

directly created one.

¡ There are no complex

¡ Often the job creation is very

¡ Regulatory bodies such as the

while the trucking industry in the entire United States is a $650

Indirect jobs are held by people

SEC (Securities & Exchange

billion industry, with roughly 97

who work for the producers

Commission) who monitor

fraud, misrepresentation and

year backlogs for many

other unauthorized activities

employment and family-based

are equally involved with

green card categories, but

direct projects as well as

there is no quota backlog for

regional center projects.

the EB-5 investor category)

¡ Usually a closer relationship with the project developers.

¡ No sponsor needed (foreign investors use their own personal funds and do not

¡ Can be both direct or passive involvement.

require sponsorship from either an employer or a family member)

} Advantages Of A Regional Center Investment ¡ Greater job creation as a regional center can take advantage of indirect and induced jobs ¡ Usually larger projects with increased visibility for SEC purposes ¡ Larger number of investors ¡ Larger projects often have additional means of financing such as banks ¡ Passive involvement, similar to a direct project –no day-to-

MSA is a Law Firm

day management

with an advanced

} Advantages in the EB-5 Program:

Immigration practice,

person and his or her immediate

also specializing

The EB-5 program allows a family members to obtain a green card (i.e., live permanently in the

The EB-5 Investment Regional Center program is ideal for the retiree or inactive investor due in large part to the “indirect employment” feature of this program. The Regional Center Program removes the employee requirement of the Regular program and replaces it with a less restrictive “indirect employment creation,” which allows the investor to qualify by proving a combination of 10 direct and/or indirect employees. } Mona (Mehreen) Shah: UK born, Mona, a dual licensed attorney, practiced as a Government Prosecutor with the British Crown Prosecution Service, before moving to New York. Mona has over 19 years of

in Corporate


experience and extensive

and Securities

The EB-5 program is flexible:

immigration law; her practical

¡ Cheapest Investment program

expertise ranges from specialist

& Exchange Commission. MSA is internationally licensed to practice law in the US, the UK and China.

knowledge of all facets of U.S.

business petitions to complicated, ¡ No language requirement

multi-issue federal deportation litigation. Highly proficient and

¡ No minimum education requirement

experienced in EB-5 law, Mona was voted top 25 EB-5 attorneys in the US 3 years in a row. Mona is

¡ No business or management experience requirement

a published author and regularly speaks at seminars worldwide, interviewed by mainstream

¡ No quota backlogs, except

news channels, quoted in major

for applicants from Mainland

newspapers. Mona is a member of

China (there are multi-

eth IIUSA’s Public Policy

Committee and also an adjunct

} Why Clients Choose MSA:

professor at Baruch University,

¡ Extensive experience in

New York City. } Why Come to Mona Shah & Associates?

EB-5 financing ¡ Extensive experience in Immigration practice

¡ Proficient in SEC compliance ¡ Offices in New York, London, ¡ Written and spoken extensively on EB-5

Established in 1997 and headquartered in Manhattan, NY, MSA is a Law Firm with

¡ Voted Top 25 Attorneys in EB-5 by eb5investors.com

¡ Published book “EB-5 for Chinese Investors”

an advanced Immigration practice, also specializing in Corporate and Securities &

¡ Voted Top 10 Attorneys in EB-5 by eb5info.com

¡ Interviewed by mainstream TV & newspapers

Exchange Commission. MSA is internationally licensed to

¡ Founded the first EB-5

practice law in the US, the UK

regional center in

and China.

New York City

¡ Appeared on podcasts & radio shows ¡ Present our own Podcast

MSA is highly regarded in the EB-5 immigrant investor

¡ Marketed overseas for multiple projects nationwide

field, with exceptional skills, experience and understanding.

¡ Repeated guest speakers at ¡ Highly experienced at

The experience of the firm sets

formulating & strategizing

them apart from other law firms.


MSA has been instrumental in the success of numerous EB-5 project

series with guests

major conferences nationwide ¡ Mona is as an Adjunct Professor at New York City’s

¡ Administers compliance for major RC’s

Baruch University, Zicklin School of Business

‫مزايا خيار االستثمار ف ي� المركز االقليمي‬ ‫ف‬ ‫يز‬ ‫ش‬ ‫توف� فرص العمل المبا�ة‬ ‫تتم� بفرص أفضل ي� ي‬ ‫والغ� ش‬ ‫مبا�ة‬ ‫ي‬ ‫أك� وأضخم ف ي� الغالب مع زيادة‬ ‫لديها مشاريع ب‬ ‫الوراق المالية والبورصات أ‬ ‫‪ SEC‬وضوح اهداف هيئة أ‬ ‫المريكية‬ ‫أك� من المستثمرين‬ ‫لديها عدد ب‬ ‫الك�ى الحصول عىل وسائل تمويل‬ ‫يمكن للمشاريع ب‬ ‫اضافية مثل التعامل مع البنوك‬ ‫الم�وع بشكل ش‬ ‫ال يتم إدارة ش‬ ‫مبا� بحيث ال يوجد‬ ‫�ض ورة إلدارة االعمال بشكل يومي‬

‫ •‬ ‫ •‬ ‫ •‬ ‫ •‬ ‫ •‬

‫القليمي لتشجيع الهجرة واالستثمار‬ ‫مزايا برنامج المركز إ‬ ‫القليمي لتشجيع الهجرة واالستثمار للفرد‬ ‫يسمح برنامج المركز إ‬ ‫ش‬ ‫المبا�ة بالحصول عىل االقامة الدائمة بالواليات‬ ‫وافراد عائلته‬ ‫المتحدة االمريكية‪ .‬كما ي ز‬ ‫ال�نامج بالمرونة‬ ‫يتم� هذا ب‬ ‫ •‬ ‫يعد أرخص برنامج استثمار‬ ‫ •‬ ‫ال يوجد ش�ط للغة‬ ‫ن‬ ‫ •‬ ‫اد� للمستوي التعليمي‬ ‫ال يوجد حد ي‬ ‫ •‬ ‫الدارية‬ ‫او‬ ‫التجارية‬ ‫ة‬ ‫للخ�‬ ‫إ‬ ‫ال يوجد ش�ط ب‬ ‫ •‬ ‫لتأش�ة الهجرة من خالل التوظيف‬ ‫ال يوجد حد أقىص‬ ‫ي‬ ‫المتقدم� من ي ن‬ ‫ين‬ ‫الص� (بحيث يوجد حد أقىص تراكمي‬ ‫فيما عدا‬ ‫تأش�ة العمل وترصيح االقامة الدائمة بالواليات‬ ‫لعدة سنوات عىل ي‬ ‫المتحدة أ‬ ‫ين‬ ‫المتقدم�‬ ‫للرسة‪ .‬ولكن ال يوجد اية حدود عىل المستثمرين‬ ‫القليمي لتشجيع الهجرة واالستثمار‬ ‫)ل�نامج المركز إ‬ ‫ب‬ ‫ •‬ ‫ليس من ال�ض وري وجود راعي (بحيث يستخدم‬ ‫المستثمرين االجانب اموالهم الخاصة‪ .‬وال يتطلب وجود راعي سواء‬ ‫)كان صاحب عمل او من افراد أ‬ ‫الرسة‬ ‫القليمي لتشجيع‬ ‫المركز‬ ‫برنامج‬ ‫ويعد نظام االستثمار من خالل‬ ‫إ‬ ‫الهجرة واالستثمار هو النظام االنسب للمتقاعدين او المستثمرين‬ ‫ين‬ ‫الغ� ش‬ ‫مبا�ة بمثل هذا‬ ‫الغ�‬ ‫نشط� نتيجة لتوفر خيار الوظائف ي‬ ‫ي‬ ‫النظام‪ .‬وبذلك يحذف خيار االستثمار من خالل المركز االقليمي‬ ‫ت‬ ‫ش‬ ‫ش‬ ‫وال�‬ ‫ش�ط الوظيفة‬ ‫المبا�ة ويستبدلها بالوظائف ي‬ ‫الغ� مبا�ه ي‬ ‫توف� ‪ 10‬وظائف ش‬ ‫مبا�ه‬ ‫لل�نامج من خالل ي‬ ‫تسمح للمستثمر بالتأهل ب‬ ‫وغ� ش‬ ‫مبا�ه‬ ‫ي‬

‫ن‬ ‫م� (مهرين) شاه‪:‬‬ ‫ي‬ ‫ولدت ن‬ ‫م� بالمملكة المتحدة وعملت كمحامية مزدوجة مرخصة‪ .‬ومن‬ ‫ي‬ ‫ن‬ ‫يطا�‬ ‫ثم عملت كمدعي عام للحكومة بالتعاون مع جهاز االدعاء ب‬ ‫ال� ي‬ ‫قبل أن تنتقل إىل نيويورك‬ ‫ن‬ ‫بخ�ه ‪ 19‬عام ومعرفة عميقة ف ي� قانون الهجرة للواليات‬ ‫م� ب‬ ‫تتمتع ي‬ ‫ن‬ ‫خ�تها ما يب� طلبات االعمال التجارية‬ ‫المتحدة‪ .‬بحيث تتنوع ب‬ ‫المتخصصة ودعاوي ت‬ ‫ال�حيل الفيدر يال المعقدة لمختلف انواع‬ ‫أ‬ ‫ن‬ ‫اعل‬ ‫لم� ككونها واحدة من ي‬ ‫القضايا الخرى‪ .‬وقد تم التصويت ي‬ ‫القليمي لتشجيع الهجرة واالستثمار‬ ‫‪ 25‬محامي رائد بب�نامج المركز إ‬ ‫ب ت‬ ‫ال�‬ ‫بالواليات المتحدة لمدة ثالث مرات نتيجة للحرفية‬ ‫والخ�ة ي‬ ‫تمتاز بها‪ .‬وتعد نم� ايضا كاتبة ش‬ ‫نا�ه‪ .‬بحيث تقوم بإلقاء المحا�ض ات‬ ‫ي‬ ‫بشكل منتظم عىل مستوي العالم‪ .‬ويتم اجراء الحوارات معها من‬ ‫قبل مختلف القنوات االخبارية والصحف البارزة‪ .‬كما ب ن‬ ‫م� عضو‬ ‫تعت� ي‬ ‫ف ي"� لجنة السياسات العامة بل�نامج "استثمر ف ي� الواليات المتحدة‬ ‫ودكتورة ف ي� جامعة باروخ بمدينة نيويورك ‪IIUSA‬‬ ‫ن‬ ‫ش‬ ‫م� شاه ومساعديها‬ ‫؟‪ MSA‬لماذا عليك ان تتعامل مع �كة ي‬ ‫تعت�‬ ‫هي ش�كة قانونية تم تأسيسها بعام ‪ .1997‬بحيث يقع ‪ MSA‬ب‬ ‫المركز الرئيس ش‬ ‫لل�كة ف ي� مانهاتن ونيويورك‪ .‬وهي تعمل ف ي� مجال‬ ‫ي‬ ‫ممارسات الهجرة المتطورة‪ .‬وتتخصص ش‬ ‫ال�كة ايضا ف ي� مجال هيئة‬ ‫الوراق المالية والبورصات أ‬ ‫أ‬ ‫المريكية ومجال ش‬ ‫ال�كات‪ .‬وقد تم‬ ‫لتعمل ف ي� مجال القانون ف ي� الواليات المتحدة ‪ MSA‬ترخيص ش�كة‬ ‫ين‬ ‫والص�‬ ‫‪.‬والمملكة المتحدة‬ ‫القليمي لتشجيع الهجرة ‪ MSA‬وتهتم ش�كة‬ ‫بب�نامج المركز إ‬ ‫واالستثمار بشدة‪ .‬بحيث ي ز‬ ‫تتم� ش‬ ‫والخ�ة والوعي‬ ‫ال�كة بالمهارات‬ ‫ب‬ ‫المطلوب لتتعامل مع طلبات التقديم المختلفة‪ .‬وبذلك تنفرد‬ ‫ق‬ ‫ش‬ ‫لخ�تها الهائلة‪ .‬بحيث حققت‬ ‫با� ش�كات القانون نتيجة ب‬ ‫ال�كة عن ي‬ ‫ف‬ ‫ش‬ ‫نجاحا يغ� مسبوق ي� العديد من مشاريع برنامج المركز ‪� MSA‬كة‬ ‫‪.‬القليمي لتشجيع الهجرة واالستثمار‬ ‫إ‬ ‫‪ MSA‬لماذا يختار العمالء ش�كة‪:‬‬ ‫خ�ة هائلة ف ي� مجال تمويل مشاريع برنامج المركز‬ ‫ب‬ ‫القليمي لتشجيع الهجرة واالستثمار‬ ‫إ‬ ‫ •‬ ‫خ�ة هائلة ف ي� مجال ممارسات الهجرة‬ ‫ب‬ ‫ •‬ ‫اعل ‪ 25‬وكالة‬ ‫تم التصويت لها ككونها واحدة من ي‬ ‫القليمي لتشجيع الهجرة واالستثمار من خالل‬ ‫رائدة بب�نامج المركز إ‬ ‫ •‬

‫‪ eb5investors.com‬موقع‬ ‫اعل ‪ 10‬وكالة‬ ‫تم التصويت لها ككونها واحدة من ي‬ ‫القليمي لتشجيع الهجرة واالستثمار من خالل‬ ‫رائدة بب�نامج المركز إ‬ ‫‪ eb5info.com‬موقع‬ ‫تعد ش‬ ‫االول ف ي� طرح نظام االستثمار‬ ‫ال�كة هي‬ ‫ي‬ ‫القليمي لتشجيع الهجرة‬ ‫من خالل المركز االقليمي بب�نامج المركز إ‬ ‫واالستثمار ف ي� مدينة نيويورك‬ ‫يتم التسويق ش‬ ‫لل�كة عالميا من خالل العديد من‬ ‫المشاريع الوطنية‬ ‫خ�ه عظيمة ف ي� مجال تصميم وتخطيط‬ ‫لديها ب‬ ‫المشاريع‬ ‫معاي� ت ز‬ ‫بمعاي� التدقيق المطلوبة‬ ‫االل�ام‬ ‫تتعامل مع‬ ‫ي‬ ‫ي‬ ‫‪RC‬‬ ‫خب� ف� مجال هيئة أ‬ ‫الوراق المالية والبورصات‬ ‫ي ي‬ ‫‪ SEC‬أ‬ ‫المريكية‬ ‫يوجد لها مكاتب ف ي� نيويورك ولندن‬ ‫تقوم ش‬ ‫بن� اعداد خاصة بها واجراء الحوارات‬ ‫القليمي لتشجيع الهجرة واالستثمار‬ ‫المستمرة حول برنامج المركز إ‬ ‫ال�كة ش‬ ‫قامت ش‬ ‫بن� كتاب باسم "برنامج المركز‬ ‫ين‬ ‫الصين�‬ ‫"القليمي لتشجيع الهجرة واالستثمار للمستثمرين‬ ‫إ‬ ‫ن‬ ‫م� من قبل القنوات‬ ‫يتم اجراء الحوارات مع ي‬ ‫االخبارية والصحف البارزة‬ ‫يتم اذاعة اللقاءات حول ش‬ ‫ال�كة ف ي� الراديو‬ ‫والمسجالت الصوتية‬ ‫يتم عرض المسجالت الصوتية الخاصة ش‬ ‫بال�كة مع‬ ‫ضيوفها‬ ‫يظهر المتحدث الرسمي ش‬ ‫لل�كة ف ي� المؤتمرات البارزة‬ ‫الدولية بشكل متكرر‬ ‫ن‬ ‫م� استاذ مساعد بكلية االعمال ف ي� جامعة‬ ‫كما تعد ي‬ ‫‪ Zicklin‬باروخ بنيويورك‬

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‫‪Mona Shah & Associates is located in the heart of New York‬‬ ‫‪City with a satellite office in London. We offer our clients‬‬ ‫‪the experience of a large, premiere firm without sacrificing‬‬ ‫‪the personal service and cordiality expected of a small firm.‬‬ ‫‪Our lawyers work closely with clients to provide highly‬‬ ‫‪personalized supports and legal solutions.‬‬

‫‪232 Madison Ave, Suite 1001,‬‬ ‫‪New York, NY 10016.‬‬ ‫‪Phone: 212-233-7473‬‬ ‫‪Email: info@mshahlaw.com‬‬

‫القليمي لتشجيع الهجرة‬ ‫(تأش�ة برنامج المركز إ‬ ‫برنامج الواليات المتحدة للهجرة عن طريق االستثمار ي‬ ‫)‪ EB-5‬واالستثمار‬ ‫بقلم ن‬ ‫م�‬ ‫شاه‬ ‫ي‬ ‫‪By Mona Shah, Esq.‬‬ ‫ك يتم جذب االستثمارات من المستثمرين أ‬ ‫ين‬ ‫المستوفي�‬ ‫الجانب‬ ‫ي‬ ‫ال�نامج‪ .‬حيث يجب أن يثبت كل مستثمر متقدم لهذا‬ ‫شل�وط ب‬ ‫توف� عدد ال يقل عن ش‬ ‫ع�ة وظائف‬ ‫ال�نامج أنه تمكن من خلق او ي‬ ‫ب‬ ‫‪ EB-5‬جديدة كنتيجة لالستثمار المذكور بطلب التقديم بل�نامج‬ ‫ال�امج لجذب االستثمارات االجنبية‬ ‫حيث يتم استخدام مثل هذه ب‬ ‫أك� من ‪ 25‬دولة‪ ،‬لتشمل ت‬ ‫ف� ث‬ ‫وال�تغال وإسبانيا والمملكة‬ ‫أس�اليا ب‬ ‫ي‬ ‫ال�امج‬ ‫نامج‬ ‫ال�‬ ‫كون‬ ‫من‬ ‫الرغم‬ ‫وعىل‬ ‫المتحدة‪.‬‬ ‫االمريك أرخص من ب‬ ‫ب‬ ‫ي‬ ‫أ‬ ‫اعل ف ي� االجراءات‬ ‫الخرى‪ .‬ولكنه يتضمن مستوي خطورة ورصامة ي‬ ‫من ال�امج أ‬ ‫الخرى‬ ‫ب‬ ‫ال�نامج‬ ‫ال�نامج من خالل إنشاء ب‬ ‫كما قام الكونغرس بتوسيع نطاق ب‬ ‫التجري� للمستثمر الراغب بالهجرة يال الواليات المتحدة ف ي� عام‬ ‫بي‬ ‫ف‬ ‫القليمية بل�نامج المركز‬ ‫‪ .1992‬والذي ساهم ي� انشاء المراكز إ‬ ‫القليمي لتشجيع الهجرة واالستثمار‬ ‫بحيث تسمح هذه ‪ EB-5.‬إ‬ ‫المراكز االقليمية بتجميع صناديق االستثمارات لصالح ش‬ ‫ال�كات‬ ‫المعنية بداخل الوكالة االمريكية لخدمات المواطنة والهجرة‪.‬‬ ‫ف‬ ‫ت‬ ‫ال� تتطلب تدفق رأس مال بشكل‬ ‫لتسمح باالستثمار ي� المشاريع ي‬ ‫أك�‬ ‫ب‬ ‫القليمي لتشجيع الهجرة واالستثمار‬ ‫‪ EB-5‬أنواع برامج المركز إ‬ ‫يمكن للمستثمر ان يستثمر امواله من خالل خيارات االستثمارات‬ ‫القليمي لتشجيع الهجرة‬ ‫الثالثة المذكورين أدناه بل�نامج المركز إ‬ ‫واالستثمار‪ )1( .‬من خالل برنامج االستثمار من خالل المراكز‬ ‫الغ� ش‬ ‫مبا�) (‪ )2‬من خالل برنامج االستثمار‬ ‫االقليمية (االستثمار ي‬ ‫المبا� المجمع (استثمار يغ� ش‬ ‫ش‬ ‫مبا�) (‪ )3‬برنامج االستثمار التجاري‬ ‫ش‬ ‫ش‬ ‫المبا� (االستثمار المبا�)‪ .‬حيث يعد خيار برامج االستثمار‬ ‫ال�امج‬ ‫المجمعة وخيار االستثمار من خالل المركز إ‬ ‫القليمي من اقل ب‬ ‫ت‬ ‫ال� تتطلب عنرص إدارة ش‬ ‫الم�وع المذكورة بب�نامج‬ ‫ليتناسب ‪ EB-5.‬ي‬ ‫ذلك مع أولئك الذين ال يرغبون ف ي� إدارة اعمالهم بشكل يومي أو‬ ‫ادارة اعمال تجارية نشطة‪ .‬كما يمكن ان يتم االستثمار ف ي�‬ ‫الغ� مجمعة من خالل استخدام االشكال‬ ‫برامج االستثمار ي‬ ‫المختلفة لرأس المال مثل النقد والمعدات والمخزون والممتلكات‬ ‫وغ�ها من اشكال رأس المال المادية‬ ‫ي‬ ‫التغي�ات القادمة ف ي� قيمة مبلغ االستثمار‬ ‫ي‬ ‫تبلغ قيمة االستثمار ف ي� خيار المراكز االقليمية وخيار المشاريع‬ ‫ش‬ ‫امريك ‪ .‬لتشمل بذلك‬ ‫المبا�ة المجمعة ما يقرب من ‪ 500000‬دوالر‬ ‫ي‬ ‫ت‬ ‫ح� المشاريع الموجودة بالمدن الصاخبة بوالية مانهاتن‪ .‬ويرجع‬ ‫ذلك إىل ثغرة ما ف ي� القانون‪ .‬فقد اوضح اعضاء الكونغرس من قبل‬ ‫تغي� واجراء بعض التعديالت بالقانون‪ .‬بحيث‬ ‫�ض ورة الحاجة يال ي‬ ‫ض‬ ‫وعضو ‪ Leahy‬ت‬ ‫الما� كال من عضو مجلس الشيوخ‬ ‫اق�ح العام‬ ‫ي‬ ‫تغي�ات جذرية ف ي� قانون مجلس الشيوخ ‪ Grassley‬مجلس الشيوخ‬ ‫ي‬ ‫لعام ‪ .1501‬تضمنت مثل هذه ت‬ ‫االق�احات فكرة ش‬ ‫م�وع قانون‬ ‫لرفع الحد أ‬ ‫ال ن‬ ‫أمريك يال ‪800000‬‬ ‫د� لالستثمار من ‪ 500000‬دوالر‬ ‫ي‬ ‫�ض‬ ‫أمريك مع ورة تعامل مشاريع االستثمار تلك مع مناطق‬ ‫دوالر‬ ‫ي‬ ‫القوي العاملة المعنية‪ .‬كما يجب ضخ استثمار بقيمة مليون دوالر‬ ‫امريك ‪ .‬ولكن انتهت هذه ت‬ ‫ال�نامج فقط‬ ‫االق�احات بتوسيع نطاق ب‬ ‫ي‬ ‫ت‬ ‫تغي� اي من بنود قانون مجلس الشيوخ لعام ‪ 1501‬ح� شهر‬ ‫دون ي‬ ‫سبتم� عام ‪2016‬‬ ‫ب‬

‫اي ش‬ ‫م�وع يجب ان تختار؟ يعد راس المال ف ي� برنامج المركز‬ ‫القليمي لتشجيع الهجرة واالستثمار هو بديل فريد للعديد من‬ ‫إ‬ ‫أ‬ ‫ال�نامج لتشجيع‬ ‫مصادر التمويل التقليدية الخرى‪ .‬حيث تم انشاء ب‬ ‫االجانب عىل االستثمار ف ي� الواليات المتحدة وخلق فرص عمل‬ ‫أمريكية جديدة ف ي� مقابل الحصول عىل االقامة الدائمة بالواليات‬ ‫المتحدة االمريكية‪ .‬فقد تم التوجه للتمويل الخاص بب�نامج المركز‬ ‫القليمي لتشجيع الهجرة واالستثمار نتيجة لزيادة تشديد اجراءات‬ ‫إ‬ ‫االسواق االئتمانية ورغبة اصحاب العمل ومطوري االعمال بأمريكا‬ ‫بجمع راس المال المطلوب لالستثمار من خالل إحدى مشاريع‬ ‫ال�نامج‬ ‫ب‬ ‫القليمي لتشجيع الهجرة واالستثمار هو‬ ‫وبذلك أصبح برنامج المركز إ‬ ‫ال�نامج المفضل لدي مشاريع التطوير العقاري نتيجة لزيادة توجه‬ ‫ب‬ ‫ال�نامج باعتباره الية تمويل بديلة‬ ‫العديد من مطوري االعمال يال ب‬ ‫قص� المدي بفائدة قليلة‬ ‫معقولة‪ .‬ويمكن اعتباره كقرض يغ� مؤمن ي‬ ‫دون تقليل ملكية صاحب راس المال‬ ‫ولكن ال يزال اختيار ش‬ ‫الم�وع محل تساؤل نتيجة للخطر المتوقع‬ ‫الذي يمكن ان يتعرض له استثمار راس المال‪ .‬ويوجد ف ي� الوقت‬ ‫القليمي لتشجيع الهجرة‬ ‫الحال مئات من مشاريع برنامج المركز إ‬ ‫ي‬ ‫ف‬ ‫ف‬ ‫عل المستثمر ان‬ ‫واالستثمار ي� السوق‪ .‬ولكن يصعب ي� الغالب ي‬ ‫ف‬ ‫يختار من ي ن‬ ‫ب� هذه المشاريع‪ .‬حيث يفضل المستثمرين ي� الغالب‬ ‫المشاريع ذات الصلة بالتطوير العقاري‪ .‬ولكن ليست كل المشاريع‬ ‫العقارية قابلة للنمو‪ .‬ففي بعض االحيان يتم عرقلة المشاريع‬ ‫التأخ�ات االنشائية‪ .‬كما يوجد عدة مجاالت اخري‬ ‫العقارية ببعض‬ ‫ي‬ ‫ت‬ ‫ال� يفضلها المستثمرين مثل النقل‪ .‬والذي برز مؤخرا‬ ‫للمشاريع ي‬ ‫تع� معدالت النمو لمشاريع‬ ‫كبديل للمشاريع العقارية‪ .‬بحيث ب‬ ‫النقل عن الدور البارز الذي تلعبه هذه المشاريع مؤخرا بالسوق‪.‬‬ ‫بحيث تقدر صناعة النقل حول والية نيويورك فقط ما يصل يال ‪40‬‬ ‫أمريك ‪ .‬فيما تقدر صناعة النقل بالشاحنات ف ي� الواليات‬ ‫مليار دوالر‬ ‫ي‬ ‫امريك ‪ .‬بحيث تمتلك‬ ‫المتحدة بالكامل ما يصل يال ‪ 650‬مليار دوالر‬ ‫ي‬ ‫ال�ي ما يقل عن ‪ 20‬شاحنة‬ ‫‪ % 97‬من ش�كات النقل ب‬ ‫الفروق ي ن‬ ‫ش‬ ‫المبا�ة ومشارع المركز االقليمي‬ ‫ب� المشاريع‬ ‫يعد الفرق االبرز ي ن‬ ‫ب� خيارات االستثمار المختلفة بل�نامج المركز‬ ‫القليمي لتشجيع الهجرة واالستثمار هو االسلوب الذي تستخدمه‬ ‫إ‬ ‫الوكالة االمريكية لخدمات المواطنة والهجرة ف ي� حساب عدد‬ ‫ت‬ ‫ت‬ ‫ال� تم‬ ‫ال� تم انشاءها فيما يتعلق بكيمة النقود ي‬ ‫الوظائف الجديدة ي‬ ‫استثمارها بهذه الوظائف‬ ‫ش‬ ‫المبا�ة بضخ االستثمار ف ي�‬ ‫حيث يقوم المستثمرين ف ي� المشاريع‬ ‫اعمال تجارية جديدة او قائمة بالواليات المتحدة سواء كان بشكل‬ ‫فردي او بالتعاون مع مستثمرين اخرين‪ .‬كما يتم احتساب الوظائف‬ ‫ش‬ ‫ش‬ ‫المبا�ة وليس عن‬ ‫المبا�ة فقط عن طريق االستثمارات الفردية‬ ‫طريق المركز االقليمي‪ .‬وتعد ي ز‬ ‫الم�ة االهم عىل االطالق لخيار‬ ‫الغ�‬ ‫االستثمار من خالل المركز االقليمي هو احتساب الوظائف ي‬ ‫ش‬ ‫توف� فرص عمل جديدة‪.‬‬ ‫مبا�ه والمستحدثة فيما يتعلق شب�ط ي‬ ‫ت‬ ‫توف�ها ف ي� االستثمار من خالل‬ ‫يتم‬ ‫ال�‬ ‫الوظائف‬ ‫عدد‬ ‫يصبح‬ ‫وبذلك‬ ‫ي‬ ‫ي‬

‫ف‬ ‫ت‬ ‫توف�ها ف ي�‬ ‫ال� يتم ي‬ ‫المركز االقليمي ي� الغالب ثالث اضعاف تلك ي‬ ‫ش‬ ‫االستثمارات الفردية المبا�ة‪ .‬وذلك يعتمد عىل نظام االقتصاد‬ ‫ئ‬ ‫االحصا� المستخدم ف ي� احتساب عدد فرص العمل‪ .‬ولكن يجب ان‬ ‫ي‬ ‫توافق الوكالة االمريكية لخدمات المواطنة والهجرة ف ي� البداية عىل‬ ‫‪.‬نظام االحتساب المستخدم ف ي� حساب عدد الوظائف‬ ‫الفرق ي ن‬ ‫والغ� ش‬ ‫ش‬ ‫مبا�ه‬ ‫المبا�ة‬ ‫ب� الوظائف‬ ‫ي‬ ‫تعت� الوظائف‬ ‫يعد الفرق بسيط ولكنه هام ويجب فهمه‪ .‬ب‬ ‫ت‬ ‫ين‬ ‫ال� تنشأ ي ن‬ ‫ش‬ ‫والموظف� لديه او ما‬ ‫ب� صاحب العمل‬ ‫المبا�ة هي ي‬ ‫ين‬ ‫ين‬ ‫ين‬ ‫العامل� بها‪ .‬عىل سبيل المثال‬ ‫والموظف�‬ ‫ب� المؤسسة التجارية‬ ‫القليمي لتشجيع الهجرة‬ ‫عندما تنشأ إحدى مشاريع برنامج المركز إ‬ ‫واالستثمار فندق لمدة عام‪ .‬بذلك يعد منصب مسئول االستقبال‬ ‫ش‬ ‫المبا�ة‬ ‫بالفندق من الوظائف‬ ‫ت‬ ‫ش‬ ‫ال� يعمل بها االفراد‬ ‫بينما تعد الوظائف ي‬ ‫الغ� مبا�ه هي الوظائف ي‬ ‫ت‬ ‫ال� ستستخدم‬ ‫لصالح ُمنتجي المواد الخام والمعدات والخدمات ي‬ ‫مال ‪ .‬ولكن ال يعد هؤالء‬ ‫بالمشاريع التجارية ذات االستثمار الراس ي‬ ‫ين‬ ‫موظف� بشكل ش‬ ‫مبا� لصالح المؤسسة التجارية‪ .‬وبذلك تعد‬ ‫االفراد‬ ‫الوظائف االنشائية ف ي� الغالب هي وظائف يغ� ش‬ ‫مبا�ه‬ ‫ويوجد نوع اخر من الوظائف وهي الوظائف المستحدثة‪ .‬وهي تعد‬ ‫ف‬ ‫القليمي لتشجيع الهجرة‬ ‫االخ� من الوظائف ي� برنامج لمركز إ‬ ‫النوع ي‬ ‫ت‬ ‫وال� يتم احتسابها فقط ف ي� استثمارات المركز االقليمي‬ ‫واالستثمار‪ .‬ي‬ ‫ش‬ ‫المبا�ة‪ .‬وتعد الوظائف المستحدثة‬ ‫وليس ف ي� االستثمارات الفردية‬ ‫ت‬ ‫ن‬ ‫ش‬ ‫ش‬ ‫والغ� مبا�ين‬ ‫الموظف� المبا�ين‬ ‫ال� تحدث عندما يخرج‬ ‫ي‬ ‫ي‬ ‫هي ي‬ ‫إلنفاق الدخل ت ز‬ ‫وتوف� الخدمات‬ ‫الم�ايد ف ي� ش�اء البضائع‬ ‫ي‬ ‫ش‬ ‫المبا�‬ ‫مزايا خيار االستثمار‬ ‫يقل وقت صنع القرار فيما يتعلق بطلب االستثمار‬ ‫ش‬ ‫القليمي لتشجيع الهجرة واالستثمار ف ي�‬ ‫المبا� بل�نامج المركز إ‬ ‫ق‬ ‫با� انواع االستثمارات‬ ‫‪.‬الغالب عن ي‬ ‫ت‬ ‫ال� توجد بخيار‬ ‫يقل نسبة وجود التعقيدات من ي‬ ‫االستثمارات ف ي� المركز االقليمي‬ ‫ش‬ ‫كما يقل عدد الوظائف بخيار االستثمارات المبا�ة‬ ‫ت‬ ‫القليمي‪ .‬وبذلك يعد خيار‬ ‫ال� بخيار االستثمارات بالمركز إ‬ ‫عن ي‬ ‫ش‬ ‫بكث� وال يحمل نسبة مديونية عالية‪ .‬مما‬ ‫االستثمار المبا� ابسط ي‬ ‫يساهم ف� تقليل خطر الفشل وزيادة فرص الربحية ت‬ ‫واس�داد قيمة‬ ‫ي‬ ‫االستثمار االصلية‬ ‫ال يوجد �ض ورة للتعامل مع تقارير اقتصادية‬ ‫احصائية معقدة‬ ‫توف� الوظائف مما يزيد فرص الموافقة عىل‬ ‫يسهل ي‬ ‫‪ I-829‬استمارة‬ ‫كما تشارك الهيئات التنظيمية مثل هيئة أ‬ ‫الوراق‬ ‫ف� كال من خيار االستثمارات ‪ SEC‬المالية والبورصات أ‬ ‫المريكية‬ ‫ي‬ ‫ش‬ ‫لك يتم مراقبة‬ ‫المبا�ة وخيار االستثمارات المركز إ‬ ‫القليمي‪ .‬ذلك ي‬ ‫أ‬ ‫أ‬ ‫الغ� مرصح بها‬ ‫انشطة االحتيال والتحريف والنشطة الخرى ي‬ ‫أك� مع مطوري المشاريع‬ ‫تتعامل بشكل ب‬ ‫الم�وع بشكل ش‬ ‫يمكن ان يتم إدارة ش‬ ‫مبا� او يغ�‬ ‫ش‬ ‫مبا�‬

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Citizenship by Investment Summer 2016

Top Ten Citizenship By Investment Destinations

Top Rated Destinations

! Nico-Jan Kok

Ăœ Introduction Obtaining secondary citizenship via investment is a worthy cause for HNWIs. However, it can be a confusing task. With a plethora of available investment options, as well as a number of countries to choose from, many HNWIs struggle to decide which citizenship by investment program would best suit their needs. With this in mind, the following article will lay out what we believe are ten of the best citizenship by investment options currently available for the HNWI looking for the maximum visa-free access to countries opened to them at the lowest cost possible. So here we go with our first of ten citizenship by investment options (in no particular order):


Ăœ Malta Capital:








Malta is a fantastic option for citizenship by investment for a number of reasons. The country itself consists of three islands: Malta, Gozo and Comino and all three have their own unique appeal. Malta is the commercial and administrative hotbed, geared toward those seeking a more mainstream and industrial existence. Alternatively, Gozo will appeal to those who appreciate a more rural way of life, with activities such as fishing and agriculture. Finally, Comino is relatively uninhabited with only one

Malta is the commercial and administrative hotbed, geared toward those seeking a more mainstream and industrial existence.

Citizenship by Investment Summer 2016

hotel and a perfect serenity for those seeking peace and quiet. Maltese citizenship affords many benefits to the HNWI, including visa-free access to 166 countries. As Malta is a member of the EU, secondary citizenship will open up avenues to travel and work in any EU member. You can also travel to the US with it.

The requirements for gaining citizenship are an investment of USD 1.57 million but when you include fees and other costs you are likely to pay around USD 1.85 million. There is also a requirement to reside in Malta for a “reasonable” period of time – however, it is accepted that you will need not be a permanent resident, so do not worry that you will have to

spend over six months residing there. Around 2-4 weeks should be enough to satisfy the requirements. Although this is one of the more expensive investment options, as a Maltese passport is considered the 8th most valuable travel document possible to acquire, you will be getting what you pay for and more. }}}


Citizenship by Investment Summer 2016

Ăœ St Lucia Capital:







East Caribbean dollar (XCD)

Top Rated Destinations

St Lucia is a visual paradise here on earth. It has all that you would expect from your typical beach location: beautiful bright blue sea views, a tropical climate and palm trees that sway rhythmically to a cool breeze.


It is also an adventurers dream with plenty of opportunity for exploration and indulgence in high activity pursuits e.g. rock climbing, water sports and zip lining. It has the perfect marriage of low key relaxation and ways to get your adrenaline pumping. It is also one of the newest, under the radar and cost effective citizenship by investment programs out there. Introduced in 2016, so far very few passports have been granted. The number of applicants should also be considerably low and so your turn around time for application approval should be faster than other more famous citizenship by investment destinations.

St Lucia secondary citizenship will grant the HNWI visa-free travel access to 121 countries including Sweden or 180 days in the Schengen area of the EU. There are two investment options: either outright purchasing the passport for USD 250,000 or investing USD 550,000 in government bonds for five years. Clearly the investment is the more fruitful option if you have the capital to make it, as you will receive your investment back. This makes St Lucia one of the most attractive of the Caribbean islands in which to gain secondary citizenship. }}}

St Lucia is a visual paradise here on earth. It has all that you would expect from your typical beach location: b eautiful bright blue sea views, a tropical climate and palm trees that sway rhythmically to a cool breeze.

Citizenship by Investment Summer 2016

Ü Austria Capital:








There are also plentiful museums to visit and amazing architecture to behold for those who are more culturally inclined.Austria’s secondary citizenship is the most premier that money can buy. With visa-free travel to over 171 countries, it is widely considered the 4th best passport available and the best passport obtainable by investment.

However, it does not come cheap. You are looking of a requirement to invest around EUR 10 million in a business practise which the government approves of – traditionally a business which will provide many jobs for the citizens of Austria and generate taxable income. If you can afford to make an investment of this magnitude, you will be the proud owner of the best secondary passport one can receive via investment.

Top Rated Destinations

Austria is an affluent country with a large mountainous region. As a result, it attracts many HNWI and other tourists who are seeking a high quality place to hit the ski slopes.

The portion of the country which is not caked in snow is also worth a visit – with many hills to explore and beautiful lake views to experience.

Austria is an affluent country with a large mountainous region. As a result, i t attracts many HNWI and other tourists who are seeking a high quality place to hit the ski slopes. 80

Citizenship by Investment Summer 2016

With an expansive coastline and plentiful coral reef, it would make the perfect place for a fleet to hide themselves... The unique charm of the country attracts sunbathers, snorkelers and scuba divers alike.

Ü Antigua and Barbuda Capital:

St. John's






East Caribbean dollar (XCD)

Antigua and Barbuda is another tropical paradise. With temperatures generally ranging from the mid-seventies in the winter to the mid-eighties in the summer and annual rainfall averaging only 45 inches, this makes it the sunniest of the Eastern

Caribbean Islands. With an expansive coastline and plentiful coral reef, it would make the perfect place for a fleet to hide themselves – which, in fact, Admiral Horatio Nelson did in 1784. The unique charm of the country attracts sunbathers, snorkelers and scuba divers alike. Antigua and Barbuda’s secondary citizenship offering is either to make a donation of USD 275,000 or to invest USD 500,000 in real estate. An Antigua and Barbuda passport will gain you visa-free travel access to 132 countries, including Canada. }}}


Citizenship by Investment Summer 2016

Ăœ St. Kitts and Nevis Capital:

St. John's






East Caribbean dollar (XCD)

Top Rated Destinations

Once again, for those who love sandy beaches, St. Kitts and Nevis delivers and then some. What makes St. Kitts and Nevis unique is that the colour of the sands are different in different parts of the country – with black sands in the south which graduate up to white sands in the north. There is also a wide variety of fun activities which utilise the beach environment, such as snorkelling, kayaking, boating, and jet skiing, as well as guided sailing tours, especially off St. Kitts, and windsurfing around Nevis. The secondary citizenship program offered by St. Kitts and Nevis is the most popular and to date is the bestselling. It is very similar to that offered from Antigua and Barbuda: citizenship can be obtained via a USD 295,000 donation to their sugar fund or a USD 500,000 investment in real estate. A St. Kitts and Nevis passport will grant the UHNWI visa-free travel to 132 countries, including Brazil, but excluding Canada. If access to Canada is required, then you may be better off with the offering from Antigua and Barbuda which is very similar in investment levels.

The secondary citizenship program offered by St. Kitts and Nevis is the most popular and to date is the bestselling. It is very similar to that offered from Antigua and Barbuda.


Citizenship by Investment Summer 2016

Ü Bulgaria Capital:







Lev (BGN)

Bulgaria is a hotbed of historical and architectural monuments. Despite the fact that it occupies only 2% of Europe’s territory, about 40,000 historical monuments have been registered in Bulgaria (7 of which are included in the UNESCO list of world cultural heritage sites), 36 cultural reserves, 160 monasteries, and roughly 330 museums and galleries. For those who want to breathe in a rich and varied culture, Bulgaria is the ultimate destination for sightseers and history lovers. What is great about Bulgaria’s secondary citizenship program is that if you have the capital available, you can obtain a secondary passport and have your investment returned in full. There are no extra fees for obtaining the Bulgarian passport. All that is required is that you invest EUR 512,000 in government bonds at first, which will gain the UHNWI residency. After one year and another investment of EUR 512,000, citizenship is granted. As long as you visit Bulgaria twice over these two years, citizenship will be granted and you will have your Bulgarian passport. This will grant access to 149 countries, including the USA (for 90 days). Unfortunately, it does not grant access to Switzerland who recently passed administration restrictions for citizens of Bulgaria. }}}

What is great about Bulgaria’s secondary citizenship program is that if you have the capital available, you can obtain a secondary passport and have your investment returned in full.


Citizenship by Investment Summer 2016

Ăœ Grenada Capital:

St. George's






East Caribbean dollar (XCD)

Grenada actually temporarily closed its citizenship by investment program from 2001-2013 but has since reopened it. The cost of acquiring said citizenship is relatively cheap for the UHNWI – all that is asked is

that you invest USD 250,000 in a government approved real estate project. Upon receiving a Grenadian passport, you will have visa-free travel to 110 countries which includes the UK, Hong Kong, South Korea, Singapore, Panama, and most British Commonwealth nations. It does not however give you visa-free travel to Canada or the US, so for those who are looking to visit these locales, a Grenadian passport may not be for them.

Top Rated Feature Destinations

Another Caribbean island full of beaches to enjoy and landscapes to explore, Grenada offers another option for secondary citizenship. Other than the clear blue sea and sand speckled beaches you can

expect froma Caribbean island, Grenada has a unique blend of both African and French cultures. The people are famously friendly and if a relaxing day by the beach followed by a dinner looking out onto the ocean with the music of local artists playing in the background sounds like your kind of scene, Grenada is the perfect destination.

Upon receiving a Grenadian passport, you will have visafree travel to 110 countries which includes the UK, Hong Kong, South Korea, Singapore, Panama, and most British Commonwealth nations. 84

Citizenship by Investment Summer 2016

After the country went through a recession in 2013, Cyprus has now began offering a citizenship by investment program with a requirement of making an investment of EUR 2,500,000.

Ăœ Cyprus Capital:







Euro (EUR)

Cyprus has a little bit of just about everything you could hope to experience. For culture seekers, there are enough architectural and historical sites for you to sink your teeth into. The coastline is beautiful and well worth exploration and the

capital Nicosia has plenty of bars and restaurants for those seeking dinner and drinks after a long day. Or you could head to the Troodos Mountains for some skiing. There really is something for everybody in Cyprus. After the country went through a recession in 2013, Cyprus has now began offering a citizenship by investment program with a requirement of making an investment of EUR 2,500,000. This will give you a passport in a country who is an EU member, thereby granting all the benefits that come with that e.g. freedom of movement and freedom of trade. }}}


Citizenship by Investment Summer 2016

Ü Dominica Capital:







East Caribbean dollar (XCD)

Top Rated Destinations

If you have a love of diving, Dominica is the place for you. In this country, the ocean floor is filled with as many interesting and diverse forms of life as the lands above. With volcanic vents and plunging sea walls, colourful reefs and soft corals, sea turtles and sperm whales, there is a whole world beneath the waters. For those who prefer to keep their heads above ground, there is plenty of opportunity for nature hikes across the landscape. The country is brimming with life, hence why it calls itself: “The Nature Island”. It is also the least expensive option of all the Caribbean islands for acquiring citizenship by investment. A UHNWI can purchase Dominican citizenship for their spouse and children for only USD 250,000. This in comparison to other Caribbean islands, for example St. Kitts, who would require a USD 295,000 donation to their sugar fund for just a single Dominican passport. The downside to the cheaper cost is that a Dominican passport only grants visa-free travel to 91 countries, in comparison to St. Kitts 132. However, if the countries you want to gain access to all come under the permissions granted by a Dominican passport then this will be a cheaper and more attractive option for you.

With volcanic vents and plunging sea walls, colourful reefs and soft corals, sea turtles and sperm whales, there is a whole world beneath the waters.


Citizenship by Investment Summer 2016

Ü Russia Capital:







Russian ruble (RUB)

Russia is huge. With an expanse of more than 17 million square kilometres. Even by plane it takes approximately 10 hours to fly from one end to the other. Much of it is covered in snow, on the other hand, there are free flowing rivers and blood red sunsets. With such a large ground space there is of course much to see and do, and many people to meet and plentiful food and drink to devour. Home to Tolstoy and Dostoyevsky, the country is brimming with history and culture. Everybody should visit Russia at least once in their lives – and a Russian passport is an excellent document to own. The Russian citizenship by investment program was only brought into law in late 2014, and so far very few passports have been issued as a result. The requirement that you set up a business or invest in one which will employ a large number of people and generate huge tax revenues for the country is a steep one. Unlike many of the other citizenship by investment programs on this list, it is not simply enough to invest money to qualify for citizenship – you must create new business and new jobs for its citizens. With visa-free travel to 100 countries, perhaps the main pull to obtaining a Russian passport is by looking ahead into the future. As one of the world’s superpowers, it may prove to be very beneficial to be the holder of a Russian passport a few decades from now.

With such a large ground space there is of course much to see and do, many people to meet and plentiful food and drink to devour.


Citizenship by Investment Summer 2016

Top Rated Destinations

Top Rated Citizenship via Residency Options

! Nico-Jan Kok

F or the UHNWI seeking to obtain secondary citizenship, investing large amounts or providing a country with increased stimulus for economic growth such as job creation is not the only option available to them. There is also the possibility of obtaining citizenship through residency.

Ü Investment vs Residency So how does the UHNWI decide whether he would rather obtain a secondary citizenship via residency rather than investment? For the majority of UHNWI, the investment route will be more attractive. For investment levels which are relatively low when considering the wealth of the UHNWI, secondary citizenship can be obtained with the minimum of hassle. A passport can be obtained for many countries offering


citizenship by investment without having to reside there for any period of time – the investment itself is enough.

obligations in their own country which cannot be departed from for the extended period of time required, such as business and/or familial obligations.

However, for some UHNWIs, perhaps the investment option is not a route they wish to take. For those who would rather save their money or are actually considering relocating to the country in which they obtain secondary citizenship, a prolonged stay in the country can allow them to become citizens of said country. This is citizenship by residency.

Citizenship by residency may therefore appeal to UHNWIs who either don’t have a spouse or children, or have families who are willing and easily able to move abroad. It may also appeal to those who can receive and manage their net income whilst residing in any country, for example businessmen who are able to run their companies from any country and entrepreneurs who have acquired their net worth through online businesses.

The drawbacks to this option for most UHNWI are time expenditure and inflexibility. Obtaining citizenship by residency in a country can take upwards of 10+ years which most UHNWI will not be willing to commit to. In addition, relocating to another country is no small task, particularly for the UHNWI who likely has more

So if you are one of the UHNWIs who feel citizenship via residency would fit your needs better, then please read on as we have compiled some of the most attractive options available for your consideration.

Citizenship by Investment Summer 2016

Ü Paraguay Capital:





Spanish / Guaraní


Guaraní (PYG)

Paraguay is fixed in South America and is surrounded by neighbouring countries Argentina, Brazil, and Bolivia.

Of the 7 million plus citizens who inhabit the country, approximately one third can be found living in the capital Asunción. Paraguay offers both ends of the spectrum in terms of wealth – it is home to both the extremely poor and the ultra-wealthy. It is not uncommon for super cars to pass by horse pulled carriages on its dusty sun baked roads. Only income and capital gains earned in Paraguay are taxed, and only at a flat rate of 10%. There are portions of the country largely untouched by

Western civilisation, with beautiful exotic natural reserves and to explore. To obtain citizenship by residency, a stay of 3 years is required. Once you have been a permanent resident for 3 years, you can apply with no minimum income requirement, simply a deposit of 5,000 USD into a local bank account is sufficient. Once secondary citizenship is acquired, you have visa-free travel access to 123 countries and can leave Paraguay if you so desire and still keep your citizenship. }}}


Citizenship by Investment Summer 2016

Ăœ Argentina Capital:

Buenos Aires






Peso ($) (ARS)

Argentina is a fast developing nation who knows the value of both working hard and playing hard and is a perfect place for younger UHNWI looking to do both these things. One great factor about citizenship via residency in Argentina is that the required period of residence is only 2 years. The only other thing you need is proof that you have sufficient funds and/or an

employment contract in Argentina. If you are from any of the following countries: Chile, Colombia, Ecuador, El Salvador, Honduras, Italy, Nicaragua, Norway, Panama, Spain, Sweden or the United States then you can apply for dual nationality in Argentina.

Top Rated Destinations

Argentina is one of the more westernised countries to be found in South America. Like its neighbours, it also has stunning natural wonders to see, but what separates Argentina from other

Westernised locations is that it combines the fast paced city life of its capital, Buenos Aires, with the fervent passion and culture of its South American brothers.

One great factor about citizenship via residency in Argentina is that the required period of residence is only 2 years. The only other thing you need is proof that you have sufficient funds and/or an employment contract in Argentina. 90

Citizenship by Investment Summer 2016

To gain secondary citizenship via residency in Singapore, there is a 2 year minimum requirement in which you must reside in the country. After these 2 years, you can apply for your citizenship. Ăœ Singapore Capital:





English / Malay / Mandarin / Tamil


Euro (EUR)

The culture of Singapore and its citizens is famous for revolving around two of its favourite past times: food and shopping. In 1963 a state known as Malaysia was formed, comprising of the Federations of Malaya, Singapore, Sarawak

and North Borneo (now Sabah). However, Singapore eventually separated and became its own independent nation. However, many slices of Singapore’s multi-cultural, colonial and wartime past are preserved in and around the city. You can visit monuments, museums and memorials, or for a real trip through time, take a walk along a heritage trail. If seeing these sights from the past, whilst enjoying the cuisine and consumerism of the present, sounds like your idea of a fun time, then Singapore is somewhere you will probably enjoy living. To gain secondary citizenship via residency in Singapore, there is a 2 year minimum

requirement in which you must reside in the country. After these 2 years, you can apply for your citizenship. If successful, please bear in mind that if you are male and over 18 years old you will be expected to participate in the countries National Service military training. This encompasses 2 years and then an additional 40 days a year until the age of 40 (or 50 if you are a high ranking member). Failure to comply with these requirements will severely impact your chances of gaining citizenship. If military training of this kind is not something you are willing to partake in, perhaps consider a different secondary citizenship option. }}}


Citizenship by Investment Summer 2016

Ü Australia Capital:







Australian dollar (AUD)

Australia is famous for its friendly citizens and plentiful wildlife. Australian citizens respect and value the country’s history which is founded on stories of battlers, bushrangers and brave soldiers, and they reflect this warrior mentality in their everyday lives. Hard work and fair play are two ideals which are rigorously upheld: they don’t have time for “sissies”. They are big sports fans, particularly of Rugby and Cricket, so if you share their passion as well as a love of the outdoors then Australia could be a perfect place to set up residency.

Top Rated Destinations

If you decide that Australia is for you, then you will need to have been a permanent resident in the country for 4 years to apply.


Once you have done this, citizenship should be easily obtainable and you can proudly declare yourself a fellow Aussie citizen!

If you decide that Australia is for you, then you will need to have been a permanent resident in the country for 4 years to apply. Once you have done this, citizenship should be easily obtainable.

Citizenship by Investment Summer 2016

Ü Uruguay Capital:







Currency: Uruguayan peso (UYU)

Despite being South America’s smallest country, Uruguay is beginning to garner quite the reputation for itself. An intriguing blend of the typical South American flavour mixed with a European influence. With beautiful cities and a charming countenance, it is beginning to become a realistic choice for UHNWI looking for somewhere unique and opportunistic to reside. It offers the comforts of more Westernised and affluent European locales whilst still being situated bang in the heart of South America – possibly the best of both worlds? If you agree and decide that Uruguay is for you, then you must reside in the country for 5 years if you are single. If you are married and you both apply together, then this can be reduced to 3 years. A Uruguay secondary passport includes visa-free travel access to the USA and it offers a very friendly tax regime for its citizens also. However, remember that with the higher standard of living in comparison to other countries in South America also comes with a higher cost of living as a result. }}}

With beautiful cities and a charming countenance, it is beginning to become a realistic choice for UHNWI looking for somewhere unique and opportunistic to reside.


Citizenship by Investment Summer 2016

Ăœ Belgium Capital:





Dutch / French / German


Euro (EUR)

The other upside of residing in Belgium is that it is the financial capital of Europe being investor friendly and offering appealing taxation schemes for businesses. In order to apply for Citizenship you must have been residing in Belgium for five years, but expect the actual process before you receive your passport

to be about six years due to the lengthy processing period. Belgium also place no restrictions on dual citizenships – so becoming a dual Belgian citizen may be an attractive option for many UHNWIs.

Top Rated Destinations

Belgium does a great job of appealing to all demographics: for the younger generation there are plenty of hip nightspots to visit and for the older generation there are plenty of castles and

other monuments to sight see. The food is a large appeal of the Belgian way of life, with particular specialities being waffles, chocolate and piles of steaming mussels. The charming fairy-tale town of Bruges is worth exploring also.

The other upside of residing in Belgium is that it is the financial capital of Europe being investor friendly and offering appealing taxation schemes for businesses. 94

Citizenship by Investment Summer 2016

Numerous expats have used Chile as a haven as it is one of the cheapest, most accessible and easy to obtain residencies in the world. A fter five years of residency, the option to apply for citizenship in Chile becomes an option.

Ăœ Chile Capital:







Peso (CLP)

Chile is unique for its varied landscape. Not many other countries can boast that they are home to desert, beaches, volcanoes, lakes, rivers and snowcapped mountains. If you’re looking for great places to trek and hike, look no further.

For culture seekers, there are small towns which are still influenced by Aymara culture: if you want to broaden your perspectives and see other ways of life from the usual Western version, perhaps a life in Chile will provide this for you. Numerous expats have used Chile as a haven as it is one of the cheapest, most accessible and easy to obtain residencies in the world. After five years of residency, the option to apply for citizenship in Chile becomes an option. Once a Chilean citizen, you can take advantage of the free-trade agreements Chile has with a number of other countries. }}}


Citizenship by Investment Summer 2016

Ü Panama Capital:

Panama City






Balboa / US dollar (PAB / USD)

One of the favourite destinations for people seeking citizenship by residency is Panama. Perhaps one of the most fast-developing destinations in the world, it combines a first world infrastructure with exotic wildlife/nature and all this while remaining affordable. It is a top choice for UHNWI who may be looking to retire and want a sunny and safe place with a great selection of activities in which to do so.

Top Rated Destinations

Another fantastic benefit of living and residing in Panama are its territorial tax systems. If you earn money from income derived from Panama then the government will tax you – however, if your earnings come from a source outside Panama e.g. online business then you won’t have to pay any tax on this income.


Perhaps one of the most fast-developing destinations in the world, i t combines a first world infrastructure with exotic wildlife/nature and all this while remaining affordable. It is a top choice for UHNWI

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Citizenship by Investment Summer 2016

Thank You for Reading And now we reach the end of our Citizenship by Investment Summer 2016 edition! My hope is that you found the contents entertaining to read and thought-provoking in nature, but at the very least I hope that you read something which may have encouraged you to take action toward achieving your investment goals. We would like to thank all those companies and individuals who helped us on this edition, and in particular to all the companies who

used the opportunity to present themselves to our HNWI readership and the Investment Migration Council for their partnership and support. In the next edition of Citizenship by Investment scheduled for the Winter of 2016/17, we will continue our tradition of providing top quality content and displaying the services of companies who want to help meet the needs of our UHNWI

! Imran Hussain

readership. If you would like to join the collective voice of Citizenship by Investment and have your company featured in the next publication, you can get in contact with us via email at media@blsmedia. co.uk. Again, thank you for reading. Until next time!

‫عل قراءة هذا الهدد‬ ‫نشكركم ي‬

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