Residency and Citizenship

Citizenship and Residency Permits

Global mobility, financial security, and expanded opportunities are becoming increasingly valuable in today’s interconnected world. Whether you’re seeking residency for access to a new country or citizenship to secure a second passport, the right strategy can open doors to enhanced freedoms and benefits.

At Wealthlocity, we specialize in guiding clients through the intricate processes of securing residency and citizenship. From understanding the eligibility requirements to preparing applications and making investments, we provide end-to-end support tailored to your specific needs.

Residency Permit Pathways

Residency permits grant individuals the legal right to live and, in some cases, work in a chosen country. Residency can often lead to permanent residency or citizenship, depending on the country and pathway chosen.

1. Residency by Economic Solvency

Residency by economic solvency is designed for financially self-sufficient individuals who can demonstrate adequate resources to live in the host country without relying on public assistance.

Requirements:
- Proof of a stable income from pensions, savings, investments, or other sources.
- In some cases, proof of health insurance and accommodation.
Benefits:
- No requirement to engage in economic activity in the host country.
- Pathway to permanent residency or citizenship in many countries.
Popular Countries:
- Spain: Non-lucrative visa for individuals with sufficient funds and no intention to work locally.
- Portugal: D7 visa for retirees and passive income earners.
- Italy: Elective residency visa for financially independent individuals.

2. Residency by International Treaties

Certain countries provide simplified residency rights for citizens of specific nations through international treaties and agreements.

Examples:
- EU Freedom of Movement: Citizens of EU/EEA countries and Switzerland can live and work freely across the EU.
- Mercosur Agreement: Provides simplified residency pathways for South American nationals in other Mercosur member states.
- Commonwealth Privileges: Commonwealth citizens may benefit from special residency conditions in specific countries like the UK.
Benefits:
- Streamlined processes with minimal requirements.
- Access to the host country’s employment, healthcare, and education systems.

3. Residency by Family Unification

Residency by family unification allows individuals to join close family members who are already citizens or residents of the host country.

Requirements:
- Proof of a familial relationship (e.g., birth or marriage certificates).
- Evidence that the sponsor can support the applicant financially in some cases.
Popular Countries:
- Germany: Residency for spouses and dependent children of residents or citizens.
- United States: Family-sponsored immigrant visas for close relatives.
- Canada: Family sponsorship programs for spouses, children, and parents.

4. Residency by Investment (Golden Visas)

Residency by investment offers fast-track residency for individuals who invest in the host country’s economy.

Investment Options:
- Real estate purchases.
- Investments in local businesses or government bonds.
- Donations to national development funds.
Benefits:
- Residency for the investor and immediate family members.
- Minimal or no physical presence requirements in some countries.
- Pathway to permanent residency and citizenship.
Popular Programs:
- Portugal Golden Visa: Investments starting at €280,000.
- Greece Golden Visa: Real estate investment of €250,000.
- Spain Golden Visa: Real estate investment of €500,000.

Citizenship Pathways

Citizenship offers full rights and privileges in a country, including the ability to obtain a passport, vote, and benefit from the country’s international agreements. Below are the primary ways to secure citizenship.

1. Citizenship by Residency

Many countries allow long-term residents to apply for citizenship after meeting certain criteria.

Requirements:
- Several years of continuous legal residency (varies by country, typically 5–10 years).
- Language proficiency and cultural integration tests in some cases.
- A clean criminal record.
Examples:
- Portugal: Citizenship after 5 years of residency (Golden Visa included).
- Canada: Citizenship after 3 years of residency within a 5-year period.
- Spain: Citizenship after 10 years of residency (or 2 years for citizens of Latin American countries).

2. Citizenship by Investment

Citizenship by investment programs provide fast-tracked citizenship to individuals who make significant contributions to a country’s economy.

Investment Options:
- Real estate purchases.
- Contributions to national development funds.
- Investments in businesses or government bonds.
Benefits:
- No or minimal residency requirements.
- Quick processing times (often within 3–12 months).
- Includes citizenship for family members.
Popular Programs:
- St. Kitts and Nevis: Citizenship in return for a donation.
- Malta: Citizenship through €750,000 investment after 1 year of residency.
- Turkey: Citizenship by purchasing real estate worth $400,000.

3. Citizenship by Marriage

Citizenship by marriage allows spouses of citizens to apply for naturalization through a shortened residency process.

Requirements:
- Proof of a legitimate and ongoing marriage.
- Residency requirements are often reduced.
Examples:
- France: Citizenship after 4 years of marriage.
- Germany: Citizenship after 3 years of marriage and 2 years of residency.
- United States: Accelerated naturalization for spouses of U.S. citizens.

4. Citizenship by Ancestry

Citizenship by ancestry reconnects individuals with their ancestral roots by granting citizenship to descendants of nationals.

Requirements:
- Proof of lineage (birth certificates, marriage records, etc.).
- Often requires no residency or language proficiency.
Popular Countries:
- Ireland: Citizenship for individuals with Irish-born grandparents.
- Italy: Citizenship by descent for those with Italian heritage.
- Poland: Citizenship for descendants of Polish nationals.

5. Citizenship by Exception

In rare cases, countries may grant citizenship to individuals for extraordinary contributions, such as achievements in sports, arts, science, or philanthropy.

Examples:
- Exceptional talent visas leading to citizenship in various countries.
- Special grants for significant donations or contributions to a nation’s development.

How Wealthlocity Can Help

At Wealthlocity, we simplify the complex processes of residency and citizenship applications, tailoring our services to your unique goals and circumstances.

1. Initial Consultation and Planning

Assess your eligibility for residency or citizenship programs.
Recommend the most suitable pathways based on your goals and timeline.

2. Application Preparation

Assist with collecting and verifying all required documentation.
Prepare and submit complete, accurate applications to avoid delays or rejections.

3. Investment Guidance

Identify qualifying investment opportunities for residency and citizenship programs.
Facilitate real estate purchases, business investments, or donations.

4. Family Applications

Coordinate residency or citizenship applications for your entire family, ensuring dependents and spouses are included.

5. Compliance Support

Ensure full compliance with local laws and regulations during and after the application process.
Monitor changes in policies and requirements to keep your status secure.

6. Ongoing Assistance

Assist with renewals, permanent residency upgrades, and eventual citizenship applications.
Provide support for relocation, including banking, education, and healthcare setup.

Why Choose Wealthlocity?

Global Expertise: Experience with residency and citizenship programs in multiple jurisdictions worldwide.
Tailored Solutions: Customized plans to meet your financial, business, and personal goals.
Trusted Network: Access to immigration lawyers, investment specialists, and relocation experts.
Comprehensive Support: From application submission to approval, we guide you every step of the way.
Privacy and Discretion: Your confidentiality is our top priority.

Start Your Journey to Global Mobility Today

Whether you’re seeking a second residency for financial security or citizenship for enhanced global mobility, Wealthlocity offers the expertise and support you need to achieve your goals.

Contact us today to schedule a consultation and take the first step toward securing your future.