Citizenship and Residence by Investment

Metropolitan Consulting provides professional support in obtaining economic citizenship of the Caribbean countries and Turkey, as well as arranging residence permits invarious jurisdictions.

Citizenship and Residence by Investment for You and Your Family

A second citizenship or a residence permit abroad appeals to business professionals and investors who want unobstructed access to European and Schengen markets and greater freedom of movement for their family. Citizenship can be obtained through investment in the Caribbean (Grenada, Dominica, Saint Lucia, Saint Kitts and Nevis), Turkey and São Tomé and Príncipe, while a number of European countries offer residence permits for financially independent individuals and remote professionals.

Each programme has its own nuances: a minimum investment amount, processing times and legal peculiarities.

We, Metropolitan Consulting, will help you choose the best option based on your preferences and fully handle the documentation for the citizenship or residence application of your chosen country.

The personal support package includes all of the services listed above. In addition, a specialist will accompany you and act as an interpreter whenever needed.

What is the Citizenship by Investment Programme?

Economic Citizenship or Citizenship by Investment refers to obtaining a passport of the chosen country by investing a set amount of money into its economy.

To avoid further confusion, economic citizenship and citizenship by investment are in fact, the same thing, which is a way of obtaining citizenship in one country by investing in the economy of the chosen state. The concepts themselves have differences, but they are not significant. Thus, economic citizenship is a mode of obtaining a passport, while citizenship for investment is a way of obtaining it. Thus, it is possible to combine both concepts into one — economic citizenship through investments.

More often than not, a second citizenship is obtained to reduce the tax burden of doing international business. By obtaining tax residency, the entrepreneur is either completely exempt from taxation or receives lower rates on basic taxes, such as VAT, income, inheritance and gift, international income and more.

Countries that offer a citizenship-by-investment programme have beneficial conditions for doing business, including tax holidays and minimum fiscal payments, just to name a few.

As a rule, it is possible to invest in one or more areas:

  • Residential and commercial real estate
  • Investments in a country are also shares, bonds and deposits in a bank, as well as donations to a fund
  • Business with a share capital of the required amount

In all countries offering citizenship for investment, passport eligibility extends to all family members of the applicant. Depending on the country, adult children and parents who are financially supported by the investor may apply for citizenship.

Advantages of Acquiring Citizenship Through Real Estate Investments

This method of investment is considered to be the most popular of all those offered. The investor can purchase one or more commercial or residential properties and apply for a passport.

You have to take into account an important condition: the real estate acquired by the future citizen must be approved by the government and fall under the programme.

The cost of approved real estate in the Caribbean is approximately as follows:

  • 01

    Saint Kitts and Nevis — from USD 325,000 (most often a share in a resort complex).

  • 02

    Citizenship of Grenada is issued under the same conditions, but the amount is reduced to USD 270,000.

  • 03

    A Dominica passport can be obtained with the acquisition of real estate of USD 200,000.

In terms of real estate in the Caribbean islands, you own it nominally, since its maintenance and commercial benefits go to the management company. However, it is also possible to receive a passive income from the rental, if you refuse to use the service company in their favour, or choose to hire a representative of their interests.

The property may only be sold after a period set by the programme — on average 3 to 5 years of full ownership. For example, in Dominica a property can be sold after 3 years, while in Saint Kitts and Nevis only after 5 years.

Citizenship by Charity Donation

This is also quite a common practise for investment. Each country offers its own terms and conditions and sets the required amount, but all investments are aimed at the development of the state's economy. Some countries offer this option as an alternative to the acquisition of real estate.

Antigua and Barbuda suggests investing USD 230,000 in the National Development Fund (NDF); Saint Kitts and Nevis requires a USD 250,000 contribution to the Sustainable Island State Contribution (SISC); and Grenada — from USD 235,000 to the National Transformation Fund (NTF). The lowest thresholds are offered by Dominica and Saint Lucia — from USD 200,000 to the Economic Diversification Fund and the National Economic Fund respectively.

Citizenship by investment in Stocks and Bonds

This method of obtaining citizenship is most often resorted to as an additional option in order to accumulate the missing amount for filing documents. It is not mandatory or necessary, however, as an additional tool, it provides a lucrative return to the countries.

The yield of securities is low, but it is considered to be a low-risk way of earning income. After a few years, it is possible to recover your funds through resale.

General Procedure for Obtaining Second Citizenship

It is important to understand that each country will have its own list of documents and mandatory verification of legality and validity of the data provided.

Nevertheless, the general procedure for all countries is (approximately) as follows:
  • The investor chooses the type of investment in one or more areas.
  • Applying for an economic citizenship programme.
  • Transfer of funds to the country's special accounts.
  • Submission of a complete set of documents to the state migration service.
  • Once approved, the candidate and their family members are invited to the nearest consulate or embassy to collect their passports.

Almost all of these programmes allow citizenship to be obtained remotely; physical presence may be required only in certain jurisdictions.

Why Use Our Company When Applying for a Second Citizenship or Residence Permit?

The most important aspect is that almost all countries do not work directly with investors — only licensed agents and official representatives may recommend a candidate for most of these programmes. Metropolitan Consulting works with licensed agents and representatives across the Caribbean and Turkey and handles the entire process on the most comfortable terms — from compiling the investment portfolio best suited to the client to notifying you when the documents are ready.

For those who don't need a second passport, Metropolitan Consulting also arranges residence permits in Europe — for example, in France and Spain — providing legal residence and freedom of movement across the Schengen area.

Cost and a personalised quote

When choosing a programme, please note that due diligence checks, government fees and legal support may be charged additionally.

The final cost depends on the family composition and the selected product.

Contact us to receive an individual solution designed specifically for you and your family.
We will prepare a personalised cost estimate and put together a comprehensive package offer tailored to your goals and objectives.

Why people trust Metropolitan

The first company in the group, was established in 2008. We provide advisory and operational support for entrepreneurs, investors, and companies entering or operating in the UAE. Our expertise covers business structuring, corporate support, legal and tax advisory, as well as residency and investment-related consulting. With offices in Dubai and Sharjah, we work with clients worldwide, offering a discreet, structured, and long-term approach.

All services are provided as private advisory and assistance.
We do not represent government authorities and do not issue official documents.

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Anastasia Yusupova
Business Advisor