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(New) Citizenship-By-
Investment options
Daniel Perron Tolga Habali Managing Partner Regional Director
Henley & Partners Canada Ltd
Sovereign Society – Las Vegas
October 2013
Agenda
CITIZENSHIP PROGRAMS
Malta Individual Investor program (New)
Antigua and Barbuda C.I.P. (New)
St Kitts and Nevis C.I.P. (since 1984!!)
RESIDENCY PROGRAMS (may lead to Citizenships)
Portugal Golden Visa Program (New)
(UK, Canada, Switzerland, Belgium, HK, Singapore)
The Global leader in
residence and citizenship
planning
Henley & Partners
Clients
• Wealthy individuals and families
• Governments worldwide
Reach
• Over 200 people
• 23 offices around
the world
Track Record
• Founded more
than 40 years ago
• 20 years leading
the industry
Focus
• Residence and citizenship
planning for private clients
• Consulting and program
development for governments
Other services offered by other Group companies: Henley Estate , Henley Trust , Henley Insurance
Reasons to Acquire Another Citizenship
4
Visa free
travel
Retire in a
safe
country
Do not
depend on
one passport
Personal
security –
Plan B
Possible tax
planning
benefits
A prerequisite
to renounce
citizenship
Guaranteed
place to go
Children
education
Quality of
life
INDIVIDUAL INVESTOR PROGRAM
(IIP)
Republic of Malta
•Established in Oct. 2013
• Allows citizenship & Passport to be granted to
reputable persons making a economic contribution to the
country thru the National development fund
•Henley & Partners has been appointed by the
Government to help them establish the program
The Republic of Malta
Among the earliest settlements in the world,
7,500 years of history
316 km2
Population: 418,336
Strong legal system and well-established
institutions
EU member since 2004, member of the
Schengen area since 2007
Excellent climate, friendly people, stable and
safe with very low crime-rate
The Republic of Malta
Natural environment
Evolving landscape
Stability
Cultural highlights
Century-old traditions
Reasons to Apply for Citizenship in Malta
Citizenship in a EU country that
is stable, neutral and highly respected
Reasonable contribution and application
process of less than 3 months
Highest due diligence standards and
vetting of applicants
Visa-free travel to more than 160
countries, including the USA
EU citizenship gives right of work and
establishment in all 28 EU countries
Malta offers
the world’s
most attractive
citizenship
program
Security and Stability
Permanent, undeniable right of
establishment in all 28 EU Member States as
well as in Switzerland, Liechtenstein, Iceland
and Norway
Malta is an internationally well-respected,
traditionally neutral country
Malta has embassies and consulates to
support its citizens throughout the world
Malta is an
attractive and
safe place to
establish an
alternative
home
Ease of Travel
Travel visa-free to over 160 countries:
Not only visa-free access but right of establishment throughout the EU
Extensive visa-free access to the Middle East, Africa and Asia
Most countries in Central and South America
Australia and New Zealand
Canada and the United States of America
--->> Ranked 9th or 11th in visa free travel in the world
Highest Standards
World’s strictest due diligence and multi-
tier vetting procedures
One visit required to issue biometric
passport
Well-structured and efficient process
3 – 4 months processing time
Highest compliance
standards ensure
that only the most
reputable applicants
are admitted to this
program
Required Contribution and Due Diligence Fees
Contribution to National Development Fund of EUR 650,000 for
main applicant
Contribution for spouse and minor children: EUR 25,000 each
Contribution for dependent children 18 to 25 years or dependent
parents above 55 years: EUR 50,000 each
Due Diligence fees for main applicant: EUR 7,500; for spouses,
adult children and parents: EUR 5,000; for children: EUR 3,000 each
Overview of Costs and Fees
Contribution Due Diligence Henley
in Euros Fee Fee
Principal Applicant 650,000 7,500 70,000
Spouse 25,000 5,000 15,000
Child < 18 years 25,000 3,000 10,000
Child 18 – 25 years 50,000 5,000 15,000
Parent > 55 years 50,000 5,000 15,000
Example 1: Single Applicant total Cost: 727,500 Euros (USD984,000)
Example 2: Couple with two <18 kids: 848,500 Euros (USD1,145,000)
Malta: The Key Benefits at a Glance
Citizenship from a well-respected and stable EU country
Only highly reputable applicants are admitted to this program
Extensive visa-free travel to over 160 countries including the USA
EU citizens hip gives right of establishment in all 28 EU countries
Fast processing
No residency requirements
CITIZENSHIP-BY-INVESTMENT PROGRAM
(CIP)
Antigua & Barbuda
• Established in August 2013 – First customer in October 2013
• Allows citizenship & Passport to be granted to persons who
qualify
• And by making an significant economic contribution to the
country
A few facts about Antigua & Barbuda
Location: Antigua (pronounced An-tee'ga) and Barbuda are located in the Eastern
Caribbean, roughly 17 degrees north of the equator.
Size: 108 square miles + 68 square miles for Barbuda which lies approximately 30
miles due north.
Population: approx. 68,000 and 20,000 in Barbuda its capital is St. John's on
Antigua.
Climate: Temperatures generally range from the mid-seventies in the winter to the
mid-eighties in the summer. Annual rainfall averages only 45 inches, making it the
sunniest of the Eastern Caribbean Islands
Known as the Islands of 365 beaches
Re-known for its sailing conditions, facilities, academies etc…
Antigua & Barbuda
Citizenship-by-Investment Program
Highlights:
Brand new program – no backlog
Short processing times & Efficient
processing – open for business
Visa free travel 130 countries
Beautiful climate and beaches
Minimal Residency requirements 7
days/year
No Business experience required
No Inheritance, capital gain tax and
soon no personal income tax on
worldwide revenues…. .
22
Antigua & Barbuda
Citizenship-by-Investment Program Options
23
Option 1: The National Development Fund Contribution
The NDF contribution is a quick and efficient way of gaining citizenship in Antigua &
Barbuda.
The Regulations stipulate that an applicant is required to make a contribution to the
NDF of at least US$250,000, but there is an attractive Limited Time Offer
(“LTO”) available until March 2014, whereby the applicant only needs to
provide US$200,000.
Antigua & Barbuda
Citizenship-by-Investment Program Options
24
Option 1: The National development Fund Contribution
NDF Contribution (per application): US$250,000 (200,000 under LTO)
Government fee - Principal Applicant $50,000 (includes 3 dependants under LTO)
Government fee - Spouse $50,000 if not Included under LTO
Government fee - Dependent child aged 0-11 $25,000 each, if not included under LTO
Government fee - Dependent child aged 12-17 $25,000 each, if not included under LTO
Government fee - Dependent child aged 18-25 $50,000 each, if not included under LTO
Government fee - Dependent parent aged over 65 : $50,000 each, if not included under LTO
Antigua & Barbuda
Citizenship-by-Investment Program Options
25
Option 2: Real Estates
Minimum Real-Estate Purchase (per application): US$400,000
Government fee - Principal Applicant $50,000
Government fee - Spouse $50,000
Government fee - Dependent child aged 0-11 $25,000
Government fee - Dependent child aged 12-17 $25,000
Government fee - Dependent child aged 18-25 $50,000
Government fee - Dependent parent aged over 65 $50,000
Antigua & Barbuda
Citizenship-by-Investment Program Options
26
Other fees:
1) Gov’t Due Diligence fees
Due diligence fee - Principal Applicant $7,500
Due diligence fee - Spouse $7,500
Due diligence fee - Dependent child 0-11 $0
Due diligence fee - Dependent child 12-17 $2,000 each
Due diligence fee - Dependent child 18-25 $4,000 each
Due diligence fee - Dependent parent aged over 65 $4,000 each
2) H&P Fees
Principal Applicant $35,000
Spouse or children 18 & over $10,000
Children < 18 years old $5,000
(with LTO) R.E. NDF Example 1: Single Applicant total Cost: US$ 492,500 292,500 /(292,500)
Example 2: Couple with two <18 kids: US$ 624,000 474,000 /(324,000)
Real Estate Investment in
Antigua & Barbuda
by Henley Estates
Antigua & Barbuda
Real estate: Nonsuch Bay
28
Nonsuch Bay – A fully operational resort hotel on the east side of the island and located within a
stunning and sheltered bay. The resort is home to an award winning restaurant and professional
sailing academy which is RYC accredited.
A fully operational resort hotel on the east side of the island and located within a stunning and
sheltered bay. The resort is home to an award winning restaurant and professional sailing academy
which is RYC accredited.
The Resort rental program has been in place for 3 years and all properties may be part of the rental
program if desired. Both joint ownership (2 owners) and whole home ownership options are available,
to include a number of completed and furnished units. Joint ownership two-bedroom apartments start
from $400,000, and full ownership one bedroom apartments start from $475,000. There are only a
handful of one bedrooms still available.
The Resort’s Phase II plans are set for the other side of the ridge and include a super yacht marina
and a full spectrum of amenities and services for the Yachts. The resort’s value once finalized will be
increased.
n
• Nonsuch Bay Hotel & Resort
Nonsuch bay
Antigua & Barbuda
Real estate: Tamarind Hills
31
Tamarind Hills – Luxury accommodation with stunning views of the ocean front. Located on the west
coast of Antigua, only minutes from Jolly Harbour. They have been building for a number of years with
5 beach front villas completed to date and a successful private rental program. The resort is in the
startup phase, which is the opposite of non-such bay, and most units are being sold pre-construction.
However, it is a beautiful location on a ridge overlooking turquoise waters. With access to two crisp
white sandy beaches, once realized, the resort will be highly sought after. Full ownership
Tamarind Hills
CITIZENSHIP-BY-INVESTMENT PROGRAM
(CBI)
St-Kitts & Nevis
• Established in 1984 by the Citizenship Act of St-Kitts and
Nevis (SKN)
• Allows citizenship & passport to be granted to persons who
qualify under criteria set by cabinet decision
• And by making an economic contribution to the country
Where is St Kitts & Nevis?
34
What do we know about St Kitts and Nevis?
• An English speaking federative island located on
Eastern Caribbean, 2000 km southeast of Miami
• Former British colony (1983) member of
Commonwealth
• Population little over 50,000, Area 261 sq km
• Capital city: Basseterre (13,000)
• Currency: Eastern Caribbean Dollar (1$=2.7 XCD
fixed)
• GDP: $918 Million ($16,400 per capita)
• Legal system: Parliamentary democracy
• Often cited as the Island with most potential in real
estate value appreciation in the Caribbean.
35
St. Kitts & Nevis
Citizenship-by-Investment Program
Highlights: NO’s
No - Residency obligation
No - Business experience required
No - Personal Income，Inheritance,
capital gain tax etc.
36
Highlights: YES’s
Yes – Short processing times
Yes – Visa free travel 130 countries
Yes – Credible citizenship and passport
Yes – Well established program -1984
Yes – Beautiful climate
St. Kitts and Nevis : by Government Appointment
Henley & Partners has been appointed and officially authorized by
the government of St. Kitts & Nevis to manage applications under its
Citizenship-by-Investment program worldwide.
Program Options
SIDF Contribution Option
(Sugar Industry Diversification Fund Contribution – SIDF)
• Single Applicant: US$250,000
• Applicant with up to 3 dependents: US$300,000
• Applicant with up to 5 dependents: US$350,000
• Applicant with up to 7 dependents: US$450,000
PLUS
Legal fees, due diligence fees, ancillary fees
38
Real Estate Investment Option
Minimum investment of US$400,000 in a government
approved projects
PLUS
• US$50,000 for the main applicant
• US$25,000 for the spouse of main applicant
• US$25,000 for each child under 18 years
• US$50,000 for each qualified dependent between 18 and
25 or over 65
PLUS
Legal fees, due diligence fees, real estate acquisition fees,
ancillary fees
Other fees
39
1. GOVERNMENT fees real estate
Main applicant: US$ 50,000
Spouse: US$ 25,000
Child below 18: US$ 25,000 Child 18-25:US$ 50,000
Other transactional costs: approx.10% of purchase price
2. Due Diligence fees (both programs)
Main applicant US$ 7,500
For each dependent over 16 US$ 4,000
3. HENLEY & PARTNERS SKN GOVERNMENT APPROVED PROCESSING FEES:
Single applicant: US$ 35,000
Applicant, spouse and up to 2 children : US$ 45,000
Applicant, spouse and up to 4 children: US$ 60,000
Applicant, spouse and more than 4 children: US$ 70,000
R.E. SIDF Example 1: Single Applicant total Cost: US$ 492,500 292,500
Example 2: Couple with two <18 kids: US$ 589,500 364,500
Real Estate Investment in
St Kitts & Nevis
by Henley Estates
Saint Kitts & Nevis Real Estate Market
41
Underdeveloped – A Clean Slate
Able to strategically plan and control development
Vacation / 2nd Home Market
Citizenship by Investment Market
Outlook
Country is attracting leading luxury developments and hotels
Increased marketing budgets focused on Saint Kitts by major international brands
Future possibility, the Monaco for North America – no taxes
As a country develops property value and prices increase
Citizenship Approved Real Estates
42
Many real estate developments approved for citizenship by investment, only a few passed our
due diligence
Our Due Diligence
- Resale value
- Eligibility for the citizenship program
- Approvals and special govt. concessions
- Track record, financial strength, and reputation of the developer
Our final decision based on:
- Our due diligence
- 5 year investment earning potential
- Efficiency of acquiring, completing, and submitting the citizenship paperwork
- The ability to immediately issue passports once approved for citizenship
Projects of Interest - Christophe Harbour
Positives
Resale Potential
Current Life Style Buyers
Targeting the worlds wealth
US developer
Considerations
Long-term project
Construction site
43
Largest planned development in the
country
Residential planning for 2000 luxury
villas, super yacht marina, golf course,
spa, club houses, luxury hotels and
commercial/retail.
Projects of Interest
推荐的项目
44
45
Christophe Harbour - Beach Front Homes
46
Christophe Harbour - Luxury Homes
47
Projects of Interest - Four Seasons Nevis
First 5 star resort/hotel on Nevis
Fully integrated destination resort and
village. Hotel, luxury villas, golf course,
tennis center, spa, with shopping and
dining.
48
Positives
Highest occupancy (70%) and prices in
the country
Built out amenities
Four Seasons quality / services
Lifestyle purchasers over citizenship
investors
Beachfront
Considerations
Not for price sensitive
Four Seasons Nevis
49
Four Seasons Nevis
50
Four Seasons Nevis
51
Four Seasons Nevis
52
Projects of Interest - Kittitian Hill
First 5 star resort/hotel on St Kitts
Fully integrated hotel resort and village.
Private cottages, luxury villas, golf
course, spa, with shopping and dining.
53
Positives
Modern hotel with detached rooms
Leaseback Option at 4% per year
Price/Value (Famous architect: Bensley)
Sustainable Development
Considerations
Not beachfront
Under construction
54
Kittitian Hill
55
Non-financial Benefits – Real Estate Option
56
Location to hold an asset (protection) within a tax friendly and stable country
Residence, Mailing Address, and all utility bills can be in owners name
Structure companies/trusts, bank accounts, and contracts under St Kitts
citizenship
Personal Residence, Vacation/Secondary Home or even Primary Home
Option to join resort exchange programs and access resorts worldwide
Properties can be fully managed without any hassle of ownership
Two Islands : One country
57 • Famous Four seasons Golf course on Nevis
GOLDEN VISA PROGRAM
Portugal
• Established in 2013
• Allows Residency to be granted to persons who qualify under
criteria set by Government
• May lead to Citizenship after 6 years
Portugal
Golden Visa Program in a nutshell
Applicant must :
1)Invest 500,000 Euros in real Estate in
Portugal for 5 years
2)Have International Health coverage
3) be willing to spend 7 days each year in
Portugal
Applicant gets:
>> One year Golden Visa which enables him
to live in Portugal as Resident, renewable
every two years thereafter
>> Right to claim Citizenship after 6 years
(must prove min. Portuguese proficiency and
7 days/year of physical presence
>>GREAT quality of life
>> Direct access to 26 Schengen states
Henley & Partners’ Visa restriction index (2012)
60
Contact Information
Tolga Habali Regional Director
Henley & Partners Canada Ltd
885 West Georgia St, #1030
Vancouver, B.C.
Canada
T + 604
Daniel Perron Managing Partner
Henley & Partners Canada Ltd (Head office)
2020 University, suite 1920
Montreal, H3A 1G1
Canada
T +514 288-1997
Become a Global Citizen!!
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