Europe Immigration
Europe Business Visa: Europe provides many opportunities for entrepreneurs and investors with benefits like low tax rates, free trade within the European Union and an option to become a permanent resident within a short time span. Various countries in Europe have their own visa and immigration programs for entrepreneurs of foreign origin. While some immigration programs get a single permanent residency for resettlement, others offer time limited visas for study, work or travel. Applying for and obtaining an investor visa for Europe with WWICS’s expert immigration services is easy and convenient.
Features of a European Visa:
- Chance of becoming a permanent resident in under 3 months
- Visiting requirements vary from country to country
- No specific language requirements
- Current nationality can be maintained
- Free trade within the EU and Low tax rates
- No restrictions on living, working and studying in Europe
- Own land in an EU member state
Visa for Europe :
Hungary Immigration
For Hungary immigration, one needs to make an investment of a minimum of €300,000 in the Hungarian Government Bonds.
Cyprus Immigration
Under the Cyprus Immigration, the applicant must make a direct investment in the purchase of Property ..
Cyprus Citizenship by Investment Program
Cyprus, Officially the Republic of Cyprus, is the third largest and most popular Island in the Mediterranean. It is a major tourist destination with a rich history and Culture. The country is full of Interesting and exciting opportunities related to Events, Customs, Places and Activities. Cyprus is not only famous for its culture and customs but also for creating opportunities for high net worth Investors by providing excellent business opportunities in different sectors and in Real estate.
Cyprus has been running one of the most desirable Citizenship-by -Investment schemes in the world since 2002 which makes Cyprus CBI program as one of the oldest Citizenship program. It allows foreign nationals to invest €2.15 Million in the country’s economy.
Note- The Cyprus program was revised by Council of Ministers on 15th Feb 2019 with the following criteria. It includes addition of two government contributions of €75,000 with an approval time of 6 to 8 months. This can be achieved in either of the two ways –
- The applicant must do the investment either personal or
- Through a company in which he acts as shareholder/senior management position holder
CYPRUS – QUICK FACTS
- Location: Europe
- Capital: Nicosia
- Passport Rank: 15
- Population:17 Million
- Language: Greek ,Turkish and English
- Visa Free Travel: 173 Countries
INVESTMENT OPTIONS
OPTION 1: INVESTMENT IN REAL ESTATE, LAND DEVELOPMENT AND INFRASTRUCTURE PROJECTS
The applicant must make an investment of at least €2.0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects.
OPTION 2: PURCHASE OR ESTABLISHMENT OR PARTICIPATION IN CYPRIOT COMPANIES OR BUSINESSES
The applicant should make a purchase or should participate in companies or organizations established and operating in the Republic of Cyprus with investment costs of at least €2.0 million. The invested funds shall be channeled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan. The applications will be evaluated to verify that the companies or organizations have proven physical presence in Cyprus, with significant activity and turnover and employ at least five (5) Cypriot or citizens of EU member-states. In addition, the employees of the companies need to have legally and continuously resided in Cyprus during the five years preceding the application submission date.
OPTION 3: INVESTMENT IN ALTERNATIVE INVESTMENT FUNDS OR FINANCIAL ASSETS OF CYPRIOT COMPANIES OR CYPRIOT ORGANIZATIONS THAT ARE LICENSED BY CYSEC
The applicant should buy units of at least €2.0 million from alternative investment funds (AIF) established in the Republic of Cyprus, licensed and supervised by the CySec and whose investments are made exclusively in the Republic of Cyprus.
The purchase of financial assets of Cypriot companies or organizations of at least €2,0 million, such as bonds, bills and securities, issued with the approval of the CySec, by companies that have proven physical presence and substantial economic activity in the Republic of Cyprus, and have as a purpose the financing of the investment plans of these companies or organizations exclusively in Cyprus, based on an investment plan, fall under this criterion.
OPTION 4: COMBINATION OF THE AFOREMENTIONED INVESTMENTS
The applicant can submit the application with combination of the above investments, provided that the total investment will amount up to at least €2.0 million. Within this criterion (combination of investments) the applicant may purchase special government bonds of the Republic of Cyprus, up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance, on condition that the investor will retain these bonds for a three year period. Investments in government bonds through the secondary market are not considered eligible.
** Parents can be included within the same application by adding an additional investment of € 500,000 for a period of 3 years.
BENEFITS OF OBTAINING CYPRUS CITIZENSHIP
- Visa Free Travel to 173 Countries including the Schengen countries, Canada, United Kingdom, Singapore and Hong Kong
- Right to live and work anywhere in the European Union.
- Irrevocable citizenship and second passport
- Fast processing – get citizenship and second passport in just 6 months
- No need to reside in Cyprus to maintain citizenship
- No foreign income tax, no inheritance tax
- Spouse and dependent children below the age of 28 can be included in application
PERMANENT RESIDENCY CYPRUS
The applicant can also apply for Cyprus permanent residency programme by investing in the real estate. This is one of the fastest program leading to European Residency. The applicant must hold residential property worth of € 300,000 in the Republic of Cyprus. Thus leading to residency permit. The residency visa is granted within 2 months. Subsequently, parents of both main applicant & spouse as well as dependent children up to 25 years old can be included in the application.
The applicant must visit Cyprus once in two years to keep the residency status active. This residency allows free access to other European countries.
WWICS – OFFERING EXPERT GUIDANCE AND ASSISTANCE ON CYPRUS CITIZENSHIP BY INVESTMENT PROGRAM
STEP 1: Client will Sign the Contract with WWICS, makes the Initial payment.
STEP 2: WWICS does the preliminary check on applicants’ profile and provides the basic due diligence report to client. WWICS staff will release the necessary documents checklist and application forms to client.
STEP 3: Client will visit Cyprus for bank account opening, Property selection and Finalization.
STEP 4: Client pays the required govt. fees upon property purchase. Attorney will submit the PR application.
STEP 5: Client receives the residency visa approval.
STEP 6: Submission of citizenship application
STEP 7: Client receives Certificate of Naturalization.
STEP 8: Issuance of Passports.
Hungary Resettlement
Hungary is a member of the European Union and hence, lies in the Schengen visa zone. Hungary is situated at the heart of Europe, having a wealth of culture and history. It offers high standards of living and quality facilities to all its citizens. The cost of living in general and amenities like real estate, public transportation, utilities, private clinics and schools in Hungary is comparatively lower to other European countries.
For immigration to the European country of Hungary, a non-European Union citizen must apply under the Hungary Investor Bond Program. The Hungarian Investment Immigration Program provides an opportunity for third country nationals to acquire permanent residence in Hungary through investing in the Hungarian Government Bonds issued by the Government Debt Management Agency. The following procedure must be followed for application to the program:
- Investing in Hungarian Government Bonds
Applicants must first subscribe to the Fund’s shares, which provide a lock-up period of minimum five years. Initially, the minimum investment required to be made by each subscriber is € 300,000. These shares are redeemable at 100% value prior to the lock-up period.
- Acquiring a Residence Permit
Individuals who invest in the program and their immediate family members are eligible for a temporary residence permit procedure.The family members entitled to fast-track residence permit includes yourspouseand children up to 18 years old.
- Permanent Residence (settlement) Permit
After six months ofgetting the temporary resident permit, the participants are entitled to apply for permanent residence or a settlement permit. Successful applicants who already have the permanent resident status would hold such status even after the redemption of their shares in the Fund without the need to subscribe to the Fund’s shares again.
Benefits of the Hungarian permanent residency Program:
There are many benefits of holding a permanent residency in Hungary:
- Single application process for the main applicant as well as their qualifying family members
- Fast application process for permanent residency
- Option to apply for permanent residency just six months after receiving TR cards
- Automatic inclusion of dependents under 18 years of age
Documentation for Application to the Hungarian permanent residency Program:
The following list of documents is needed to be submitted at the time of application to the Hungarian Immigration Program:
- Duly filled application form and properly signed
- Cover letter explaining the purpose of visit
- Recent passport size photograph attached to the form
- Copies of previous visas those valid for at least 3 months before the departure
- Passport must contain at least two blank pages
- A short profile of the applicant’s working place
- Memorandum or article of association in an certified original copy
- Invitation from the partner company in Europe, if applicable
- Copy of the return ticket reserved for the intended travelling time
- The travel medical insurance policy
- Proof of financial stability
- Current bank statement
What are the eligibility requirements for the Hungary Investor Bond Program?
The Hungary Investor Residency Bond Program does not have any set of pre-determined criteria for applicants. However, the administration officers have the right to call the applicant for an interview meeting at any time.
Are there any additional documents I may have to submit?
In case of a family member, the application for permanent settlement permitmust be submitted along with the following documents:
- Birth certificate
- Marriage certificate, if the applicant is married and it was not submitted during the procedure for issuing a temporary residence permit
- legally binding authorial decision on marriage dissolution
- An official document according to the personal right of the minor child about the fact that there is no legal obstacle to the permanent residence of the minor third country national
- Deed proving his/her housing in Hungary
- Receiving declaration of the supporter (investor) certifying living
- Deed proving the entitlement for full health care benefit in Hungary
- Certification of clean criminal record issued by the authorities of the country of permanent residence prior to the entry of Hungary, which is not older than six months.
How long does it take for a Residency Permitapplication to process?
The competent regional directorate makes the decision about the application for the issuance of ‘temporary residence permit’ at the very latest within 8 days after receiving the application. Whereas, in case of an application for ‘national permanent residence permit’it may take up to 3 months after taking over of the application.
What is the validity period of the national permanent residency permit?
The person with permanent residence status is entitled to stay in Hungary for a period of maximum five years, which can be extended by a maximum of five years case by case.
What if my residency application is rejected?
If your resident permit application is rejected, the Hungarian authorities will share with you the reason of rejection, based on which, you can appeal against the rejection.
What are the advantages of a Hungarian resident permit?
Permanent residency in Hungary offers several benefits. You will be eligible to:
- Do business with EU countries without limitations
- Freely travel in any member country of the Schengen visa zone in Europe, without a visa
- Take up jobs or get employed
- Take along your spouse and children
- No minimum qualification or language skills required
- Affordable living costs compared, much lower than other EU countries
- No point based immigration system
- No business experience required
What are the advantages of a Hungarian resident permit?How do I apply for a visa for my family members to take them to Hungary with me?
If you have a valid resident permit and proof of sufficient funds to support your family, you must apply for a “dependent visa” for your spouse and children. This will take about 3-4 months to process with the Hungarian authorities.
How do I apply for a visa or a resident permit?
A resident permit can be applied for at the embassy of the country where you live. Approval at the embassy will take around 3 months. Once approved, you will be given a single entry long term “D” visa to enter Hungary, which will be valid for 30 days. Once you arrive, you have to report to the Office of Immigration in Hungary, where you will be issued a biometric resident permitvalid for 1 or 2 years (this is decided by authorities separately in each case).
What approximatelyare the livingexpenses in Hungary?
The living costs in Hungary are comparatively much lower than rest of the Europe. General, it costs around minimum€ 600 monthly, while apartment rentals start from € 500 per month, utilities not included, which come around € 100 per month.
Are there any conditions on the use of national permanent residence permit?
In possession of the national permanent residence permit, the third country nationalis entitled for a stay of three months within a period of six months in the territories of the Schengen countries.
Portugal Residence Permit (Golden Visa)
Portugal, officially known as the Portuguese Republic, is one of the oldest countries in the European sub-continent.
Ancient architecture, villages adorned by cobblestone roads, mesmerizing landscape and glistening beaches make Portugal one of the most sought-after and peaceful countries in the world with a high quality of life for its residents. Ever since the country has joined the European Union in the year 1986, it has become one of the best financial hubs in the entire Europe.
Portugal has taken great strides in recent years to boost its economic growth by increasing its competitiveness and simplifying the investment process for foreign investors & businesspersons.
The strategic location of Portugal makes it an ideal business/investment destination for those who looking for access to the European market or want to extend their business across the globe.
Portugal- Quick Facts
- Location: Southern Europe
- Capital: Lisbon
- Total Area: 92,212 sq. kms
- Population: 10.28 million (2019)
- Passport Ranking: 4th
- Official Language: Portuguese & English
Benefits of obtaining Portugal Golden Visa
- Have security of a second residence in a safe and stable country
- Get access to world-class Portuguese healthcare and European education system
- Apply for the Portuguese citizenship after 5 years
- No need to live in Portugal to get the visa or citizenship
- No need to relocate just 7 days per year on an average in Portugal.
- Freedom to travel throughout the Schengen visa zone
- Portugal has one of the cheapest real estate markets in Europe with a strong growth rate
- Low rates of personal and corporate taxation
- Applicant can include his/her spouse and dependent children in the application as well. However, the children must be below 18 or above 18 if proven still in full time studies.
Qualifications
Source of funds: Source of funds should be legal
Investment Duration: Maintain the investment for minimum 5 years
Age: Applicant must be over 21 years
Health: No serious medical conditions
Education: No minimum education is required
Criminal Record: Should not hold any criminal record
Stay Requirement: Minimum 7 days each year on golden visa (1st year 7days-Ist renewal of 2 years =14days =2nd renewal =14days etc).
Investment options
Property Investment Options
Under this investment option, the investor/main applicant can gain Portugal residency by investing under any of the following option:
- Acquire a property of minimum €500,000 or more worth
- Acquire a minimum 30-year-old or refurbishing requiring urban property hotel project of minimum €350,000 worth
- Acquire a property in a less populated area at 20% reduced investment (€280,000)