Building bridges to Europe
Transformations of the Investment Immigration market in the EU
Globalization is the key
asset of our time. Globalization favors us with opportunities of
border-less traveling, trade, spread of information, knowledge etc. At the same
time, to benefit the privileges of globalization it is crucial to maintain
resources to do it. Resources, such as knowledge, sufficient information, money
and desire.
According to the 2010 Merrill Lynch-Capstone World
Wealth Report, 10.9 million people in the world are classified as
high-net-worth individuals, or people with investable assets in excess of $1
million. High-net-worth individuals are the people who are able to be favored
the most by the globalized world – the best luxury goods; the best investment
offers; the best social & health services. Those people can choose where to
live, where their children to study, how to increase their wealth and to secure
their assets.
National Governments
have been recognizing this aspect of the globalization as an opportunity to
draw further investment in their local economies. The Investor Immigration
Programs are programs designed to attract foreign capital and business people
by providing the right of residence and citizenship in return. Within this
market, Europe has long established itself as the most appealing of global citizenship
applications.
Investor Immigration
Programs usually have multiple criteria that must be fulfilled in
order the investment to
qualify, often pertaining to job creation, purchasing of real estate,
non-refundable contributions or specific targeted industries. Most of these
programs are structured to ensure that the investment contributes to the
welfare, advancement and economic development of the country in which they wish
to invest.
Within Europe several EU member-states offer
the investors immigration opportunities. Since 2007 this process evolved,
mostly due to the economic crisis. Countries like Malta, Hungary designed
programs which require investment in Government bonds, or direct donation to
the Government. Spain, Portugal and Cyprus bet on development of real estate sector
and promoted investment immigration opportunities, affiliated to investment in
properties.
As any other market, the
European market of Investment Immigration Programs is changing. If for some
high-net-worth investors have been appealed to pay donation to the Maltese
Government and to obtain Maltese Passport, and others have preferred to put their
money in the Hungarian Government Fund for certain period or have purchased property in Cyprus to gain residency in a EU country, today all of this is
under change due to the investors’ necessity of financial security. One
characteristic common to most high-net-worth individuals is their tendency to
choose products and services that generate a financial return and seek out
organizations that are properly managed and fiscally responsible.
Lately the Hungarian officials stated that in less
than a year the Hungarian Investor Residency Bond Program will be closed. The
publicly announced reasons vary from public impatience to migrants, to
political conflict between local parties. However, this shall be a political
decision and is duty of the Hungarian politicians to explain their actions.
What concern the foreign investors is, whether the policy
changes shall affect their investments
and residency
applications under the Investor Immigration Program. According to the public
statements, published in the press, the Program will finalize every started
application, although no new applications
shall be admitted.
Another expected change is related to Malta Individual
Investor Program.
Latest data available state, that more than 1 200 applications under the
program are already completed. According to the preliminary regulations of the
Program, Malta shall not exceed 1 800 completed applications.
In the last 2 years, on the European Investment
Immigration market the Bulgarian Investment Immigration Program
has emerged. This relatively
new alternative, offers unique opportunity to high-net-worth individuals from
non EU countries to obtain Bulgarian Permanent Residence and even Bulgarian
citizenship in less than 2 years through profitable investment. Furthermore, the investor is not
required to reside in Bulgaria, neither to prove Bulgarian language proficiency
nor to relinquish his/her
nationality.
The next steps forward
What
makes the European countries particularly attractive in the investment
migration market is the mobility that European residence and citizenship offer
and the stability and availabilities of the open economy. Within this
conditions, the Bulgarian Investment Immigration Program rates at high position.
Bulgaria is an EU member-state since 2007 and the Bulgarian citizens favor the
right of free travel, work and living at any other member-state. Since 2012,
Bulgaria is one of a few European countries with stable economic growth. The
country rates up to 3 % annual GDP growth, compared to the average of the EU 1.7
%. Local market is characterized by high quality services, prospective
production sector and evolving real estate market.
The
high-net-worth individuals prefer to invest in products and services that
generate a financial return. In that regard the Bulgarian Investment Immigration Program has a lot to offer. Investors under its regulations are
enabled to invest their wealth in sector that suits best to their interests and
to gain profit along with a Bulgarian Passport.
Although, relatively new on the investment immigration market, the Bulgarian Investment Immigration Program offers next generation services
in that sphere. This Program challenges the rest of
the investment immigration programs
in Europe, because it combines the best investment
options, applicable for the other programs:
Fast and clear procedure
Competitive investment
Control over assets through the whole period of the investment
Up to only five- years compulsory term of investment
Investment profits
The investment
immigration market is dynamic. We shall expect emergence of the best offers on the
stake, and the BulgarianInvestment Immigration Program is already on track.
For further details and information, contact us.
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