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This guide
is aimed at people wishing to come and live in the country as
passive "portfolio" investors.
Do I qualify as an
Investor?
Most
countries welcome wealthy individuals. If you have the necessary
funds, it is relatively simple to get a visa as an investor. The
requirements are:
You must
have at least EUR 400,000 to EUR 1,500,000 (depending on the
country) in your control to invest in the country, of which at least
EUR 300,000 to EUR 1,000,000 must be invested in:
- Unit trusts
- Private companies
- Banks or building society
accounts.
Remaining funds may be invested as you wish.
You may not take employment beyond managing your
investments.
You must
make the country your main home, you do not need to spend all your
time inside the country, but you should spend at least 50% of your
time here.
Family
You may
apply for your spouse and children to accompany you as your
dependants.
Education
Your
children entering the UK as your dependants are entitled to the same
free education as British children. You may choose to send your
children to a private school if you wish.
Health
care
You and
your family are eligible to free health care provided by the
National Health Service. You are not required to take out private
health insurance.
Am I able to make the country my home on a
permanent basis?
Your
initial visa will be valid for a period of 12 months. It will be
based on your demonstrated assets and your stated plans, but no
investment need occur before the visa is issued.
Within 3
months of your arrival you should have transferred the funds to the
planned investment objects.
At the end
of your first 12 months, you may apply for your visa to be extended
for a further 3 years. This application will normally be successful
as long as you transferred the funds within 3 months of arrival. Any
reduction in the value of your investment is due solely to
fluctuations in share price.
After a
total living of 1 year (South American countries), 3-5 years (EU
countries) or 4 years (UK) you may apply for indefinite leave to
remain (Permanent Residence). A year after being granted indefinite
leave to remain you may apply for naturalisation as a citizen.
How do I apply?
Please
contact us for additional questions and appropriate terms and
requirements: info@geraldassociates.com
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