South Korea Investor Visa Approvals Hit 16-Year High in 2021: Applications from India up 75%
The program’s applicant nationality profile is decidedly Western: Among the top 10 source countries are the US, Germany, France, and the UK.
The Philippines SIRV initially provides a temporary residence permit valid for six months, during which time the applicant must make a US$75,000 investment in an approved sector (a wide range of sectors are approved).
Upon completing the investment, the applicant can convert the SIRV permit from temporary to indefinite. The permit will remain valid for as long as the investment is maintained.
After ten years of continuous residency, the applicant is eligible to apply for citizenship.
Program Type | Golden Visa Program |
Time to citizenship | 10 years + |
Time to permanent residency | N/A |
Minimum investment | US$75,000 |
Physical presence requirement | None |
Application processing time | 1-2 months |
Citizenship grants visa-free travel to | 65 destinations |
Contribution types available | Business Investment, Fund Investment, Securities Investment, Bond Investment |
General program requirements
To qualify, the applicant must make a $75,000 investment in a pre-approved industry. Approved sectors include:
Business and financial
Communication
Construction and engineering
Distribution
Education
Environmental
Health and social
Tourism and travel
Recreational, cultural, and sports
Transport
A spouse and unmarried children under 21 years of age may be included in the application.
A $300 processing fee for each applicant applies.
Program benefits
Requirements to qualify for citizenship
To become eligible for citizenship, the applicant must have held continuous residency in the Philippines for no fewer than 10 years. The applicant must show he has integrated into Philippine society and has good knowledge of the country’s history and any of the country’s official language, one of which is English.
The applicant must submit a Notice of Intent to naturalize one year prior to the filing of the petition before the court. This notice must be sent to the Office of the Solicitor General.
As an investor it might be possible to have the time requirement may be reduced to 5 years if the applicant has established a new industry or introduced a useful invention in the Philippines.
An additional requirement is to own physical property in the Philippines with a value no less than 5,000 Philippine Pesos.
Legislation upon which this program is based:
Philippine Immigration Act of 1940 Section 47(A)(2) SIRV
No statistics available yet for this program.
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The program’s applicant nationality profile is decidedly Western: Among the top 10 source countries are the US, Germany, France, and the UK.
The visa-waiver suspension will last until at least February next year, at which point the EU will re-assess the country’s CBI programs.
Sri Lanka is sorely in need of foreign currency to pay for food and energy imports. Now, the government hopes a golden visa can bring cash.
After two years of falling approvals and investments, all arrows finally point in the right direction for New Zealand’s investor visas.
In a “Hail Mary” effort to ward off the suspension, Vanuatu is establishing a national task force to review and improve its CBI procedures.
“I do not see any way to please the EU other than stopping the whole program,” says St-Hilaire, while Harris thinks it’s not over yet.
Programs that offer citizenship within months in exchange for investments or donations, with minor/no physical presence requirements.
Programs that offer citizenship in exchange for investments following a 1-2 year period, with minor/no physical presence requirements.
Bulgaria Investor Program (discontinued)
Malta MEIN
Programs that offer residence permits within months in exchange for passive investments, with limited physical presence requirements.
Andorra Residence Without Lucrative Activity
Anguilla Permanent Residency Program
Australia BIIP Investor Streams
Bahamas Economic Permanent Residence
Brazil Investor Visa (VIPER)
Cayman Islands Investor Visa
Costa Rica Investor Visa
Curaçao Investor Permit Program
Cyprus Golden Visa
Greece Golden Visa
Guernsey Investor & Entrepreneur Residency
Ireland Immigrant Investor Program
Italy Investor Visa
Latvia Investor Visa
Luxembourg Investor Visa
Malaysia M2H Visa
Malta Permanent Residence Program
Mauritius Permanent Residency Program
Monaco Carte de Séjour
Netherlands Investor Visa
New Zealand Investor Visa
Nicaragua Investor Permanent Residency Program
Panama Qualified Investor Visa
Philippines Special Investor Residence Permit
Portugal Golden Visa
South Korea Investor Visa
Spain Golden Visa
Thailand Elite Residence Program
UK Investor Visa (discontinued)
United States EB-5
Programs that offer residence permits within months to those who can demonstrate income or personal wealth above a certain level, usually requiring that the holder not take up employment locally.
Argentina Rentista and Pensionado Residency
Greece FIP Visa
Indonesia Retirement Visa (KITAS)
Italy Elective Residency Visa
Jersey High Value Residency
Mexico Legal Residency Visa
Nicaragua Pensionado and Rentista Visas
Panama Rentista Retirado Visa
Paraguay Permanent Residency Program
Portugal D7 Visa
Spain Non-Lucrative Visa
Uruguay Independent Means Visa
Programs that offer residence permits within months to those who physically relocate to start and/or run a business. Startup and entrepreneur visas fall under this category.
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