Citizenship by investment is a process whereby a country, by way of exception, grants citizenship to eligible applicants that make a significant investment into its local economy. Successful applicants can enjoy benefits such as lifted travel restrictions, the right of work and establishment and potential tax planning benefits.
However, before applying for citizenship there are some key points for consideration:
- What are the reasons behind applying for alternative residence and citizenship?
- What residence/citizenship programme(s) best meets these needs?
- Who is the application for? An individual with/without spouse/dependents?
- Do I qualify and meet the eligibility requirements?
Abacus has understanding and experience of Residence & Citizenship applications and is able to advise and assist wealthy individuals and their families wishing to apply for citizenship in an alternative EU jurisdiction. We help clients in choosing an appropriate citizenship programme and country of residence, guiding them through the application process and ensuring that preparation and submission of their application is correct and processed in an expedient manner.
Isle of Man Immigration – Tier 1 Visa
Immigration into the Isle of Man is governed by the UK Immigration Act 1971 as extended to the Isle of Man by the Immigration Isle of Man Order 2008 and applied through Immigration Rules.
Tier 1 (Entrepreneur) Visa is aimed to persons who wish to establish, join or take over one or more businesses in the Isle of Man. Tier 1 (Investor) Visa is the route for high net worth individuals making a substantial financial investment within the Isle of Man.
Successful applicants can potentially benefit from a favoured tax system, as well as Common Travel Area and no purchasing restrictions on property.
As well as assisting with the application procedure, Abacus provides the required corporate structure and business support services to entrepreneur visa applicants and the required asset protection/investment vehicle for investor visa applicants from the outset and for as long as it is required.