While Citizenship by Investment Program are often lauded for allowing investors the opportunity to experience visa-free travel, many investors are now additionally seizing the opportunity to include dependents in their applications. Beyond the investor, this allows family members to also enjoy the many benefits of citizenship by investment. As programs become more competitive with one another, many are offering investors the ability to include dependents, and not just a spouse either. How would your parents feel if you were to leave them behind? What about your adult children? Luckily, there are programs available which allow you to include both your parents and your children in your application.
One notable program, as far as dependants are concerned, is the Grenada Citizenship by Investment Program. In late 2017, the program made an update which opened up new horizons for investors interested in including the whole family. One such change was lowering the minimum age of dependant parents from 65 to age 55. Meaning, investors can include parents as young as 55 in their application as dependants. Also, while some programs require that dependant children be under a certain age limit, the Grenada Citizenship by Investment Program allows investors to include dependant children up to age 30. These updates certainly incentivize family applications in Grenada but, of course, there are many Citizenship Programs that allow investors the opportunity to include family members in their applications.
Antigua and Barbuda
The Antigua & Barbuda Citizenship by Investment Program offers investors the opportunity to include dependant family members in their applications. Not unlike many programs that offer investors the opportunity to include a spouse, children, and parents in their applications, the fees vary depending on how many people are included. For example, by investing in the National Development Fund – which serves to promote economic growth and increase direct investment in Antigua & Barbuda – one can choose to make a non-refundable payment of $100,000 for a family of up to four people, or $125,000 for a family of five or more.
One cannot list all the Citizenship or Residency by Investment Programs that allow family applications in a short article, but a few more worth noting include Cyprus, Malta, and Portugal. These European programs offer access to the European Union and the many benefits associated with that for the investor and their family. Interestingly, just recently the Portugal Golden Resident Permit Program made the news because many families are electing to relocate and move to Portugal via this route.
With so many options for including dependents, how are investors supposed to decide which program best suits the needs of their families? Despite the benefits to families, including dependent family members in your application increases the required documentation and can complicate the process of applying. This is where an examination of your individual situation comes into play. It is important to connecting with a qualified consultant who will be able to guide you in terms of identifying your goals, and provide you with a wealth of additional information about opportunities that might best suit you and your family.
The solution is contacting a company that has garnered an unprecedented level of expertise in this area, such as Elevay. The consultants who work for Elevay are committed to providing investors a level of customized service that best allows them to identify which route to take in a market with a lot of options. If you are interested in any of the aforementioned programs, Elevay specializes in all of them and can connect you with a consultant who will advise you on the best route for you and your family.