The Global Residency Phenomenon

Recent years have seen massive strides forwards regarding the internationalisation of citizens. People are no longer constricted to simply living in their country of birth as they have been before. An increasing number of families are now looking beyond their own country, to different places and perhaps even continents as a place to relocate with their families, whether it is for work, to raise their families in a more international environment, or simply to achieve their personal goals. As international borders break down, people are now freer than ever to choose their own destiny pertaining to their place to live.

This is where Immigration-by-Investment programs come in. In essence, these programs enable you to relocate to any country of your choosing, providing you make the relevant investment in an approved immigration programme. It is part of the human psyche to seek out new life experiences by engaging with a new culture and diverse people. Global residency solutions truly do provide you with the potential to easily and efficiently build your own future. The explosion in the number of citizens attaining the benefits associated with a second residency/citizenship is evidence of the movements’ viability and esteemed reputation in investors’ minds. We hope you join us on this journey.

Immigrant investor programmes usually have multiple criteria that must be fulfilled for the investment to qualify, often pertaining to job creation, purchasing of real estate, and non-refundable contributions. Many of these programmes are structured to ensure that the investment contributes to the welfare, advancement and economic development of the country in which they wish to reside or belong to. It is more often more about making an economic contribution than just an investment. Our next section covers specific details about residency.

The Global Residency Phenomenon Overview The Global Residency Phenomenon Overview

Tax residency:

Tax is another important point that you will need to reconsider before relocating. In general, to become a tax resident you must spend a minimum of 183 days per year in your chosen country. Of course, there are exceptions to this rule but it is a good general guideline to follow. In addition, most countries have double taxation agreements. It is also important to know the physical presence or residency requirement for each specific programme. In some cases, certain physical presence requirements are demanded in order to obtain or renew your residency permit. You need have to know how many days per year you must be physically present in the country and compare this to the number of days that will make you tax resident. There are, of course, countries where you might want to become a tax resident and others where you would rather not. Again, Ousheng can advise in this regard.

Access to Citizenship:

Usually permanent residents may apply for citizenship by naturalisation after a period of permanent residency in the country concerned. Dual citizenship may or may not be permitted. Citizenship grants the same rights to investors as people who were born in the country.