Residency by Investment

A secure future for children

Why are parents moving to second residency for their child’s future?

A second residency is a lucrative option in terms of economic and social benefits. But what’s more is that today, second residency for next generation is on the rise. Currently, investment immigration is a $17 billion industry. It is multiplying every day as parents look for safe, legally-transparent, growth-oriented countries for their children.

As of 2019, India has nearly 17 million foreign residents. The reasons are simple – global mobility, more capitalization on talent & skill, a high standard of living, and growth opportunities. For example, children & students constitute a significant portion of the migrants as they see themselves living and creating a better future in developed countries.

Considering the current situation, second citizenship for children comes as an advantageous option. People, especially HNIs and UHNIs, now look towards countries that can provide facilities to their children and prepare them for future challenges. But that’s not the only thought – education and entrepreneurial options are among the biggest drivers of second residency by investment.

Reasons to get second citizenship for children.

Education, business opportunities, and healthcare are significant reasons people move to foreign countries. However, there’s one more reason that has driven HNIs and UHNIs to explore second residency for the next generation.

“Parents, especially those in their old age, want their children to settle in a developed nation for their career growth and also because they want to move after retirement.”

For example, Cyprus is one of those countries which offers a vibrant lifestyle and an excellent European education system. So this way, parents can have their children access the best education system in the world and prepare their retirement plan simultaneously. On the other hand, Cyprus also has the Bologna system of education, which is based on America, and provides access to the curriculum of the states.

Some more benefits of permanent residency by investment for children include – 

  • In Portugal, which is a part of the European Union, your children get free education until the age of 18. Since the PR also provides visa-travel in the Schengen Zone, they can choose a university or company in countries like Italy, France, Germany, and enhance their career.
  • In Cyprus, second citizenship for children can be obtained within 3-6 months. It allows them to move quickly and start education at the right time. On top of that, Cyprus has tuition-free education in public schools, which are some of the best in the EU.
  • In the USA, a second residency by investment gives your children complete freedom to start their own business after education, or work in any company they get a job in. They have the necessary clearance and are given priority over immigrant students.

Apart from these, countries like Malta, Grenada, Montenegro, St. Kitts & Nevis, Dominica, and Turkey also provide second citizenship programs. These countries have a low investment amount and quick processing time. (Dominica now accepts digital applications). These countries have benefits of their own, but also open the doors to the US and EU with their citizenship treatise for these countries.

The right way to get second citizenship for children

Applying for second residency for children can be challenging if you don’t have the right guidance. We at My Global Citizenship™, India’s trusted residence and citizenship planning company, provides hassle-free solutions for second residency and citizenship. Talk to our experts or get an online consultation today.

Second residency: Unlock your future amid COVID-19 lockdown

Second residency: Unlock your future amid COVID-19 lockdown

COVID-19 has halted the dreams of people eyeing foreign investments, international travel, and global mobility. But it has also allowed them to think about their future. While immigration may not be possible now, residence and citizenship planning can certainly give your dreams a boost when things get back to normal.

A second residency by investment enables you to obtain permanent residency in countries like the US, UK, Canada, Cyprus, Portugal, Malta, and several others through investment. It opens the path to become a global citizen and access the opportunities in first-world countries.

But is it the right time to think about second citizenship by investment? By planning early, you can act early on the application and move to a foreign country as quickly as possible. The US, UK, Canada, EU, have world-class healthcare infrastructure, public health systems, and access to a high-quality of life – three primary factors that help people in times of a pandemic.

Sources have reported that the US president is eyeing to decrease EB-5 investor visa investment in the country to boost the economy. It could be an excellent opportunity for you to achieve a green card in a short amount of time and start living the American dream.

On the other hand, Cyprus is speeding up the applications in the process of their citizenship by investment program. It entails that the past applications will be quickly cleared and you have higher chances of getting your application approved.

Why plan today for second citizenship?

Second citizenship is an investment opportunity that brings economic, social, and lifestyle benefits to you and your family. Yes, with your application, your children and spouse/husband are eligible to obtain a permanent residence under the program.

The global economy is facing a challenging time. The stock market, institutional investment, mutual funds, may not seem rewarding opportunities. On the other hand, property rates will decline in developing countries. What’s the benefit, you ask?

Second Residency by Investment

But are there only economic benefits?

A second residency brings with it a bouquet of benefits. While dual citizenship is still not allowed in India, you can get a permanent residency by investment in another country and still be a citizen of India – a much better alternative.

And guess what – if you wish to leave India and settle in another country, you can apply for citizenship after a few years and renounce your Indian citizenship. It’s a win-win situation for you.

The benefits of citizenship by investment programs vary from country to country. But you enjoy all the citizenship rights except the right to vote, whichever program you choose. 

With global citizenship you get – 

  1. Access to world-class healthcare.

  2. International-grade education for your children.

  3. Visa-free travel to a plethora of countries.

  4. Right to work, travel, and live anywhere in the country.

  5. Secure future for children.

  6. Global business opportunities and many more…

Start securing your future today, Start with My Global Citizenshipᵀᴹ.

These are tough times, but you have a lot of time to think about the future. Instead of investing in instruments where there’s a substantial risk, second residency by investment is an excellent option to avail benefits at low risk. Your property investments are safe, you get a house in a developed country, and you secure the future of your children outside India.

If you want to start residency and citizenship planning, look no further. My Global Citizenshipᵀᴹ is India’s trusted second residency and citizenship partner, helping HNIs to obtain permanent residency in countries like the US, UK, Canada, Cyprus, Portugal, Malta, Grenada, and several others. Start exploring the best options for yourself today!

Impact of Second Residency for Children on Education & Career

Impact of Second Residency for Children on Education & Career

In our last blog, we talked briefly about how second residency by investment opens the door to a better future for your children. Global citizenship gives you all the freedom to settle in a developed country, brings you peace of mind, and provides excellent business opportunities. What if global citizenship isn’t limited to you, but offers benefits for second residency for children?

Yes, you read that right. Second residency programs allow you to secure a better future for children. Every program includes the immediate family members of the applicant, which includes your children (up to a certain age limit, depending on the program conditions).

Why is this important? Because most Indian HNIs send their kids to the USA, UK, Canada, and other countries for education. While it is undoubtedly a benefit, choosing the path of second residency for the next generation multiplies the perks that come with foreign education. How so? Let’s look at this in detail.

Second residency for children Educational & career benefits:

If we talk about EB-5 investor visa, which enables attaining the green card in the USA, it provides several advantages to your child. It is a reasonable concern to identify what global citizenship will bring for your children. In the case of the US, when your children become residents, they get –

  • Exemption from filing the I-94 form and no worries about the expiration of the authorized stay.

  • The right to apply for government-sponsored financial aid for education.

  • 3 to 4 times lower tuition fees as compared to other students.

  • Apply for any college or university in the college and get preference.

Once education is complete, your children will enjoy the professional benefits of second residency by investment. We advise second residency because, in case of educational investment, they are limited to migrant student rights. But a second residency for the next generation opens a broader horizon for their career. Considering the example of EB-5 investor visa in the US, your green card holder child also gets –

  • Permission to work at any U.S. company at any job role without employer sponsorship.

  • More job opportunities with security clearances provided by the green card.

  • Your children can also start their own business or corporation & continue indefinitely.

  • Social security benefits when they retire from their job.

One of the biggest advantages is that when your children get married, their spouse/husband will need a work permit to stay in the country. With a green card, they do not need to get the permit and can stay in the country without any hassle.

With global citizenship, your children will enjoy every right given to a US citizen except the right to vote. What’s more is that with a second residency by investment, they can also become citizens of the country later and contribute to its political development.

Make the right choice by getting second residency for next generation:

It is quite understandable that as an HNI, you had to go through a lot of struggle with India’s economic situation. A second residency for children is their passport to save them from this struggle. Their secure future starts with quality education and career opportunities that come with global citizenship.

When you want to secure your child’s future, only the right assistance can help you. We at My Global Citizenship™, India’s trusted investment immigration consultants, provide complete assistance from start to finish for investing smartly in your child’s future through second residency programs for next generation. Drop us an email for a FREE CONSULTATION.