CSL monthly Industry Updates
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Meet Us in Geneva
The CSL Team is traveling to Geneva, Switzerland to take part in the Investment Migration Forum to be held at the Grand Kempinski Hotel from 6 – 8 June, 2016.
We would be happy to meet with you privately between June 5 -10 to discuss key advantages of each of the five Caribbean Citizenship-by-Investment programs, exclusive viable Real Estate investment options and partnership opportunities.
If you would like to meet with us in Geneva please fill in the Contact Form. One of our consultants will get back to you shortly to schedule a meeting. If you prefer to contact us directly, call +1 (869) 466-2133 or e-mail firstname.lastname@example.org.
Great Reception by Agents for CSL Team in GuangZhou
The CSL team wishes to thank those who recently met with us in GuangZhou at the 5th Annual Immigration Abroad Agent Congress on 28th-29th April, 2016. Our team received accolades from Chinese agents as we are now licensed by the Governments of St. Kitts & Nevis, Grenada, Antigua & Barbuda, Dominica and Saint Lucia. This provides you with the convenience of having one local immigration agent who can process all of your clients’ applications for citizenship (no matter which Caribbean territory) at a very cost effective-rate. Additionally, we successfully launched Phase III of The Hamilton Beach Villas and Spa to great excitement and fanfare. The Hamilton is the only operational, full-ownership, freehold luxury beachfront resort that qualifies investors for Caribbean immigration in St. Kitts and Nevis.
We are now booking follow-up meetings with agents who would like to discuss cooperating with our company. If interested, please contact our team by clicking here. We will respond within 24 hours to schedule a meeting with you.
Also, as we are traveling to various parts of the world on a regular basis, visit our Meet-Us section frequently to stay updated on upcoming regional and global events or follow us on Social Media for daily Citizenship-by-Investment updates.
Antigua & Barbuda New NDF Investment Offer
The Antigua and Barbuda Citizenship by Investment Unit has announced a new NDF (National Development Fund) contribution price structure as of May 1, 2016:
- For a family of up to four persons (Main Applicant, Spouse and 2 Dependent Children): US$200,000 NDF Investment
Government Processing Fee for Main Applicant and Spouse is applicable.
Government Processing Fee for 2 dependent children or parents/grand-parents is waived.
- For family of five persons & more: US$250,000 NDF Investment
Government Processing Fee for Main Applicant and Spouse is applicable.
Government Processing Fee for 3 dependent children or parents/grand-parents is waived.
Please contact your CSL citizenship personal adviser to discuss additional changes relating to the Antigua & Barbuda citizenship application forms and new supporting documents required.
Second Passport in the Modern World – Luxury or Necessity?
If your business requires you to travel often, you know by now how much of a hassle applying for a visa in advance is. It’s time-consuming and troublesome given that you have to gather a pile of supporting documents and travel to the nearest embassy for an interview. At times the nearest embassy is located abroad. Moreover, you may be required to obtain a visa in advance to visit that neighboring country as well! A second passport may relieve you of all that stress.
While second citizenship may not immediately come to mind when contemplating journeys and discovery, more and more of the world’s luxury travelers are obtaining a second, and even third, citizenship as a means of quenching their thirst for adventure.
If you love to travel but hold a passport with many restrictions, becoming a dual citizen can open a spectrum of opportunity. Combining visa-free benefits of two passports from different parts of the world may bring you to an absolute freedom of movement. The twin-island nation of Saint Kitts and Nevis, for example, offers visa-free travel to around 130 countries, including the Schengen Area, Brazil, Singapore and the United Kingdom. The tri-island nation of Grenada, which also offers citizenship by investment, is one of five countries worldwide offering visa-free travel to China.
Aside from the visa-free travel, second citizenship secures your exit strategy in case if your home country starts restricting citizens from leaving. It is beneficial to have a safe place to return to at the event of political, economic or social unrest. With a second citizenship, you can have two homes at different sides of the globe, so you can relax and recuperate wherever it seems most convenient.
This could even become your permanent place of residence, a holiday home, or even a rental property to fund your passion for travel. You may even consider turning your love of travel into a career by starting a guesthouse, a B&B, or a hotel. As a citizen, you are entitled to buying a property, where land and real estate purchase by foreigners is restricted.
While it is common to obtain a second citizenship by birth, marriage, or long-term residency, the most efficient way is through an official citizenship by investment program. A second passport can be obtained in as little as 2 months, for a minimum investment of US$100,000 without having to visit the country during the process.
Contact us today to start your journey!
Regions with the Highest Demand for Economic Citizenship
In 2014 Barclays conducted a survey of more than 2,000 high net worth individuals, all of whom had more than USD$1.5 million in total net worth and 200 with more than USD$15 million. Respondents were drawn from 17 countries around the world, across Europe, North America, South America, the Middle East, Africa and Asia-Pacific.
The survey showed that about half (47%) of China’s wealthy are considering moving to a new country within five years. That compared with 16% of Hong Kong residents and only 6% of North Americans. Wealthy citizens of Qatar are the second mostly likely to move, with 36% of respondents saying they plan to do so in the next few years, primarily driven by efforts to access better higher education opportunities for their kids. This is a trend, at least in the medium term, which looks set to continue. Now we invite you to take a closer look into the geography of the highest demand for Economic Citizenship.
Due to the ongoing political instability the demand for Economic citizenship programs is growing faster in the Middle East than in any other part of the world.
According to a 2014 study on ultra-high-net-worth (UHNW) individuals, nearly 60 percent of global applicants seeking second citizenship or second residence programs come from the Middle East region.
The report “A Shrinking World: Global Citizenship for UHNW Individuals”, published by wealth management firm Wealth-X in 2014, found that the Middle East had the highest proportion of billionaires in the world – 40 percent of global UNHWs – who sought second citizenship primarily for stability and security, tax efficiency, an ease of travel, a higher standard of living, a better quality of life, increased options for their children’s educations and extensive investment opportunities.
As the number of Chinese millionaires grows, the number of those aiming to leave China is getting ever larger. Many rich Chinese are looking overseas for a better quality of life for their kids and paving the way for future generations of truly global citizens.
Industry experts believe that Indian and Chinese nationals will provide the next big surge in UNHWs seeking second citizenship. “The trend of UHNW individuals applying for a second residence or citizenship looks set to continue in the coming years, particularly in Asia where trillions of dollars of new wealth will be created in the next decade and beyond,” says Mykolas Rambus, CEO of Wealth-X in the firm’s 2014 report.
While most ultra-high net worth individuals in China are making money in China right now and can not leave, they are still looking to secure a brighter future for their children, a chance to escape heavy pollution and to find some protection against political and economic uncertainty.
Chinese applicants have already overwhelmed popular investor immigrant visa programs in the U.S. and Canada. Interest was so high that Canada closed its program in 2014. And the U.S. recently capped such visas for the Chinese, turning the applicants to alternative citizenship-by-investment programs worldwide. The waiting line for a U.S. EB-5 visa is estimated to stretch two to three years with about 13,000 pending applications, according to the US based law firm Greenberg Traurig. As per EB-5 immigrant investor visa requirements, kids can only get dependent visas through an investor parent if they’re 21 years or younger at the time of application approval. Some applicants who filed too close to the child’s 21st birthday are facing the risk of “aging out”. For comparison, all Caribbean citizenship-by-investment programs accept dependent children up to 24-25 years old, provided they are full-time students.
The demand for economic citizenship programs from Russia has increased since 2013 as people are feeling uncertain and insecure about their future following a sharp deterioration in the local economy.
Wealthy Russians are investing in foreign economies in record numbers as the economy at home sours and the ruble crumbles. Government data shows 162 Russians were granted U.K. investor visas in the first nine months of 2014. That surpassed the total issued in 2013 in spite of the fact that investment threshold was raised to £2 million in November 2013.
Sanctions enforced by Western nations over Russia’s role in the Ukraine crisis and falling oil prices have battered the Russian economy. And it’s likely to get worse: the country’s GDP is expected to shrink yet again next year if oil prices fail to recover. A currency crisis has added to the woes. The ruble has lost around half its value against the dollar this year, slamming savings accounts and ruble-denominated assets.
This underlines the increasing need for business owners to become more mobile in order to make their ventures successful in a globalized marketplace. In the wake of the global financial crisis high net worth individuals are seeking to diversify the geographic spread of their investments to achieve better returns and reduce their risk exposures.
Interested to learn more on becoming a dual citizen or adding immigrant investor programs advisory to your business portfolio? Contact us today for a private, complimentary, no-obligation consultation.
Become a CSL Certified Partner
It is our pleasure to invite you to join our CSL Certified Partner Program. This new initiative is aimed at adding value to help you build your client database, strengthen existing relationships and expand your business by offering your clients Citizenship-by-Investment solutions in St Kitts & Nevis, Antigua & Barbuda, Commonwealth of Dominica, Grenada and Saint Lucia.
Who is eligible to become a CSL Certified Partner?
Whether you are in the legal, real estate, tax planning, wealth management, banking, accounting, concierge or luxury travel business, we are inviting you to join the Program and learn how your organization can grow revenue by expanding your service portfolio with Citizenship-by-Investment solutions.
What are the benefits for CSL Certified Partner?
We offer our partners: immediate responses to inquiries and requests; personalized sales support; pre-screened viable real estate investment options; up to date marketing tools and a tailor-made Certified Partner Toolkit; concierge services; local representation and ground handling.
Why work with CSL?
- Our team has over 20 years of experience in Caribbean citizenship programs and real estate. CSL has helped thousands of investors from Asia, Eastern Europe, Middle East and Africa in obtaining their second citizenship.
- CSL is a local Government authorized service provider. By partnering directly with a local service provider you save time and benefit from the most cost-effective rate.
- We handle all citizenship applications and supporting documentation in-house so your clients benefit from truly confidential service.
- By representing all of the five existing Caribbean Citizenship-by-Investment Programs, CSL is a one-stop shop for all of your clients’ immigration needs.
For further information on recent developments and to receive monthly updates subscribe to CSL Citizenship-by-Investment Newsletter. You may also contact us directly for a complimentary consultation.