CITIZENSHIP BY INVESTMENT IN PAKISTAN
While residence is granted to investors and wealthy individuals in most of countries, there are eight nations that offer citizenship-by-investment programmes that provide a direct route to citizenship based on investment and that have passed ZA-LLP’ country due diligence: Antigua, Cyprus, Dominica, Grenada, Malta, Montenegro, Moldova and Turkey. The programmes of Cyprus and Turkey have been designed by ZA-LLP through PraeLegal.
ABOUT PERMANENT RESIDENCE
Most citizenship / residency by investment programmes are available to the family members of the main applicant. This means that investors can secure a better future for their spouse and children. Permanent citizenship / resident status offers access to world-class health care, education and an improved lifestyle.
RESIDENCY BY INVESTMENT IN PAKISTAN
Citizenship is a relationship between an individual and a state whereby the state grants the citizen certain rights, such as the right to vote, work and own property, and in return the citizen accepts the responsibility of upholding the laws and customs of that state. Citizenship unites different people under a common identity.
Traditional means of acquiring citizenship and the corresponding passports have been birth, naturalization and marriage. Naturalization is the process by which a resident of a country can acquire citizenship usually by residing in that country for a certain number of years. Since 1984, investment in the host country has been another way of acquiring citizenship.
Citizenship by investment is the procedure of obtaining an additional citizenship and passport by making investment in the economy of the host country, the programmes legally confer citizenship status faster than the traditional immigration procedures and do so without requiring investors to put their lives on hold.
Citizenship
Antigua
Cyprus
Dominica
Grenada
Malta
Montenegro
Moldova
Turkey
Residency
Australia
Canada
Greece
Germany
Ireland
Portugal
UK
USA (EB-5)
Investment
Australia
Canada
Pakistan
Turkey
Residency by investment is the procedure of obtaining a permanent residency status in another country by investing in the economy of that country. Permanent resident status is then conferred at an accelerated rate compared to traditional applications.
Permanent residency is a visa status that allows the bearer of the permanent resident card to legally reside in the host country without being a citizen of that country. Permanent residents are entitled to live, work, go to school and access health care in the host country. However, they are not typically entitled to vote or run for office.
In order to qualify for permanent residency status in any given country, the applicants usually have to meet certain requirements, likewise having work experience in the country, having studied in the country and speaking the language. Since 1986 investment has been another way to gain permanent residency. Permanent resident status can also lead to citizenship by naturalization provided the resident has lived in the country for a certain number of years.
WHY DO PEOPLE INVEST FOR CITIZENSHIP / RESIDENCY
There are many reasons to invest in a permanent citizenship / residency, from personal safety to increased global movement. Permanent residency opens up a world of possibilities to high net worth investors.
Permanent citizenship / residency in a stable, peaceful country can be life-saving in the event of any kind of political instability in one’s home country. This type of assurance is priceless for investors and their families.
Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. Permanent citizenship / residency can offer individuals from these countries increased global mobility. For example, the passport of China allows visa-free entry into only 58 countries, whereas permanent citizenship / residency in Portugal allows uninhibited travel throughout the Schengen zone, which comprises 26 European states. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople all over the world.
New business and trade opportunities open up to participants in citizenship / residency by investment programmes as they can now do business in the host country as well as to travel abroad more freely.
Education is the foundation of a successful life as a global citizen. Investing in a permanent citizenship / residency can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees.
Permanent citizenship / residency may prove advantageous for tax optimization purposes. For instance, Bulgaria has one of the lowest income tax rates in Europe. This allows investors to manage their wealth more efficiently and effectively.