Residency

Articles (03)

Residence by Investment Benefits: Unlock Global Opportunities
ResidencyResidence by Investment Benefits: Unlock Global Opportunities Investment doesn’t have to be about stocks, startups, or square footage. It can be about the future. You can plant roots somewhere with more freedom, better systems, stronger passports for your kids, and a stronger safety net. For a growing number of investors, it’s less about where they’re from and more about where they want to grow. The idea of securing a second home base, legally and financially, is no longer unattainable. And now more than ever, countries are opening the door to those ready to contribute, on the condition that you bring capital, not just a suitcase. That’s where residence by investment comes in. What Is Residence by Investment? Residence by investment is exactly what it sounds like, a legal pathway to live in another country in exchange for a qualifying financial contribution.  Instead of applying through traditional immigration routes like employment or family reunification, you invest directly in that country’s economy, through business creation, fund participation, or government-approved assets. The real draw lies in the residence by investment benefits that follow: the right to live in a new country, study, improved access to education and healthcare, easier international travel, sometimes with the added bonus of visa-free travel within a larger region (like the Schengen Zone in Europe).  It’s not the same as citizenship, but for many, it’s the first step in that direction. These programs aren’t the same everywhere. Some countries require physical presence, others don’t. Some offer fast-tracked citizenship, while others provide long-term residency with potential tax perks. But the strongest programs are built around one core promise: that your capital can give more than returns, it can open doors. Why Investors Are Seeking Residency Abroad Residency has turned into a smart insurance policy over the past decade. It now sits at the heart of long-term financial and geopolitical planning. Investors don’t just react to shaky markets or regional conflicts. They move first, locking in legal status where they can find access, safety, and room to grow.  Every region has its own reasons for making the leap. In the U.S., changing tax laws and rising political uncertainty have pushed more entrepreneurs to explore second residency in Europe or the UAE.  In Asia, where outbound capital is heavily monitored, securing residency abroad often means gaining flexibility for international business and wealth preservation.  In Latin America, the trend is often driven by the need for stability, currency protection, and future opportunities for younger family members. Let’s say an Australian investor decides to move part of his operations to the EU. By securing residency in Portugal through a regulated investment fund, he would gain access to the local economy, EU-wide banking, talent, and tax frameworks. That move would allow him to expand his business, while also offering his family new healthcare and education options. Across industries, from fintech to manufacturing, stories like this are becoming common. And while the specifics vary by country and program, the trend is clear: benefits of residency by investment are driving this shift. Residence by Investment Benefits Explained The decision to pursue a second residency cannot be driven by a single factor.  It’s the accumulation of advantages, both immediate and long-term, that makes it a compelling move. The strongest residence by investment benefits fall into a few clear categories, each with strategic weight depending on the investor’s goals. Global Mobility Many residency programs unlock visa-free access to broader regions. A residency in Portugal or Greece, for example, opens the Schengen Zone, allowing unrestricted movement across 26 European countries. For business owners with clients or teams across borders, this can dramatically cut red tape. Tax Optimization Several programs offer favorable tax regimes for foreign residents. Portugal’s IFICI regime offers structured tax benefits for new residents with qualifying foreign income, making it one of the more attractive residence by investment benefits in Europe.  Malta uses a remittance-based system, taxing only income brought into the country. The UAE stands out with zero personal income tax, while Greece offers a flat annual tax for certain high-net-worth individuals.  Wealth Protection and Diversification A second residency can help investors reduce reliance on any single legal system or banking jurisdiction. For those holding international assets, this creates an additional layer of security. Residency in politically stable countries like Malta, or the UAE also helps hedge against domestic instability or currency volatility. Access to Healthcare and Education The non-financial residence by investment benefits are often just as valuable as the financial ones. Families with children can take advantage of top-ranked education systems in countries like Germany or Ireland, while retirees benefit from healthcare networks in Portugal or Greece. Business Expansion and Operations Establishing residency in a new jurisdiction can streamline local hiring, licensing, and incorporation. This is especially relevant for digital entrepreneurs, real estate developers, or consultants looking to operate across multiple markets without facing the usual foreign entity restrictions. Long-Term Path to Citizenship While residency isn’t citizenship, many programs are structured as a stepping stone. Countries like Portugal and Greece offer paths to naturalization after five to seven years, provided minimum stay and integration requirements are met. For investors thinking generationally, this layered benefit adds significant value. Collectively, these residence by investment benefits represent more than convenience, they enable access to systems, protections, and opportunities that might otherwise remain out of reach. And for investors building globally, that access can be transformative. What Is a Golden Visa? A “Golden Visa” is a residency-by-investment program.  You invest a set amount of money and get a faster path to legal residence. The big perks are low stay requirements, multi-year permits, and a clear route to long-term settlement.  Governments offer visas to pull in foreign capital and achieve growth in real estate, innovation, and public projects. Several European countries have offered them for more than a decade, but the rules and qualifying investments keep shifting. Portugal’s Golden Visa program, once centered around real estate, has recently changed course.  Property investment is no longer eligible.  Today, investors can also qualify through regulated funds, R & D donations, or backing arts and heritage.  This shift shows that governments now prefer capital that fuels long-term growth rather than quick property deals. Greece is a holdout; you can still meet the rules by buying real estate worth at least €250,000.  Malta opts for a different approach, combining residency and citizenship in a single government-run package. Golden Visas remain one of the most flexible ways to unlock residence by investment benefits, but understanding each program’s scope and limitations is crucial. What Are the Advantages of a Golden Visa? The advantages of a Golden Visa often overlap with broader residence by investment benefits, but there are a few characteristics that set them apart: Minimal stay requirements  Most Golden Visa holders are not required to live full-time in the host country, making it ideal for frequent travelers or global entrepreneurs. Family inclusion Spouses, dependent children, and sometimes parents or in-laws can be included under the same application, creating a single solution for multigenerational planning. Visa-free regional access Residency in one Schengen country allows for unrestricted travel across the entire zone, a practical benefit for investors with interests across Europe. Path to permanent residency or citizenship Though time frames vary, many Golden Visa programs lead to permanent residency or naturalization, especially when minimum stay and integration requirements are met. Diversification of legal and tax residency Golden Visas can provide a valuable second legal base, especially in countries with favorable tax regimes or bilateral agreements. As countries refine their policies, the appeal of Golden Visas has shifted from being a quick fix to a long-term planning tool, one that still offers some of the most meaningful residence by investment benefits available today. Countries That Offer the Best Residence by Investment Benefits Not all programs are equal, and the best choice depends on a combination of investment threshold, timeline, and long-term benefits. The table below compares leading options based on minimum investment, key residence by investment benefits, and relevant program features. CountryMinimum InvestmentKey Residence by Investment BenefitsPath to CitizenshipNotable Program FeaturesPortugal€500,000 (regulated fund)Access to Schengen Zone, IFICI tax regime, education & healthcare accessYes, after 5 yearsNo real estate option, low physical presence, stable legal frameworkGreeceFrom €250,000 (real estate)Schengen access, family inclusion, optional tax incentivesYes, after 7 yearsLowest EU real estate threshold, no stay requirementMalta€182,000 minimumRemittance-based tax system, EU access, business-friendly climateYes, after 5-6 yearsBlend of contribution and leasing, active expat support infrastructureUAEAED 2M (~€500,000) property or fundTax-free personal income, no wealth tax, strategic location for businessNo direct path10-year visa, strong for relocation and HQ structuringPanama$300,000 (real estate)Territorial tax system, USD-based economy, regional accessYes, after 5 yearsPopular among U.S. and Latin American investorsItaly€250,000-€2M (startup, fund, bonds)Flat tax options for HNWIs, Schengen access, family inclusionYes, after 10 yearsMultiple investment routes, favored by wealth advisors Each of these programs delivers a different mix of residence by investment benefits, from tax incentives to mobility and long-term security. While some prioritize ease of access, others are better suited for investors looking at eventual citizenship or full relocation planning. How Residence by Investment Compares to Citizenship by Investment While often mentioned in the same breath, residence and citizenship by investment are distinct legal statuses, and the benefits of citizenship by investment go well beyond what residency alone provides. Residency grants the right to live in a country, and in some cases, access services like healthcare, education, or visa-free travel within specific regions. It’s a legal foothold. But unless it includes a clear path to naturalization, it doesn’t automatically lead to full membership in that country’s political or legal system. Citizenship, on the other hand, comes with a passport, and with it, the right to vote, consular protection, and, often, expanded global mobility. The benefits of citizenship by investment can include visa-free access to more countries, stronger legal protections abroad, and fewer restrictions on business or property ownership. In countries like Malta or Antigua and Barbuda, citizenship can be obtained within months, often with no physical residence requirement at all. That said, residence by investment benefits can be just as strategic, especially for those who don’t need a second passport immediately but want to create a flexible, long-term presence in another jurisdiction. In Europe, for example, residency is often the only viable first step toward citizenship, with naturalization available after five to ten years, depending on the country. Choosing between the two comes down to goals: whether the priority is immediate access or building toward a more permanent future. In many cases, residency is the beginning of that process. Most Common Investment Routes The structure of a residence by investment program is shaped by what each country wants to attract. Some prioritize capital that supports national development. Others want to boost local business, create jobs, or raise their profile in global finance. That’s why the qualifying investment routes vary, but a few consistently appear across top programs. Investment Funds Several countries now favor regulated investment funds over real estate. Portugal, for example, shifted entirely to funds that support innovation, tech, and green energy. These routes appeal to investors looking for yield and regulatory oversight while meeting residency thresholds. Real Estate Acquisition Real estate is still popular in Greece and Panama. It offers a simple route: buy property, gain residency, and own a solid asset. Some programs, like Malta’s, even let you lease instead of buy. Others push you to develop in specific regions. Government Contributions If managing property feels like a hassle, you can donate directly to a national development fund instead. This path typically moves faster and requires significantly less paperwork. Business Formation or Job Creation In countries like Italy or Canada, launching or investing in a business that creates local employment can serve as the qualifying route. These options often suit entrepreneurs with a long-term plan to expand operations internationally. Each of these investment types is tied to a specific regulatory structure and comes with different expectations. But all are designed to deliver residence by investment benefits in return for a meaningful contribution to the host economy. Risk Factors & Considerations While the residence by investment benefits are clear, the programs aren’t without risk. Not every offering on the market is well-structured, or well-regulated. Investors looking at second residency should weigh more than just minimum investment amounts and marketing headlines. Program Stability Residency programs can change with shifting political climates. Requirements may tighten, benefits may be reduced, or entire routes may be suspended. For example, Spain completely abolished their Golden Visa program on April 3rd, 2025, to better manage their housing crisis. Physical Presence Requirements Some programs, like Italy’s, require residents to spend a minimum number of days in-country to renew or qualify for long-term status. Failing to meet those terms could mean losing your residency and your investment benefits along with it. Due Diligence and Vetting Governments are increasing their scrutiny of applicants. Background checks are thorough, and any inconsistencies, especially related to the source of funds, can result in delays or rejection. It’s critical to work through licensed legal professionals and avoid “fast-track” schemes with unclear structures. Liquidity and Exit Strategy Investments tied to funds, property, or business formation may have lock-up periods or restrictions on resale. The residence by investment benefits can be lost if the investment is withdrawn too early, so liquidity planning should be part of the broader strategy. While these risks are manageable, they aren’t optional to consider. Due diligence goes both ways; governments vet applicants, and serious investors should vet the programs just as thoroughly. How to Choose the Right Residence By Investment Program Choosing a residency program isn’t just a matter of budget, it’s a question of fit. The most important residence by investment benefits vary depending on whether the goal is mobility, tax efficiency, long-term relocation, or a path to citizenship. Some investors prioritize programs with minimal physical presence requirements, allowing them to maintain their primary business elsewhere. Others want access to a specific region, like the EU, or to lock in healthcare and education benefits for their families. For some, the appeal lies in tax structuring: countries like Portugal and Malta offer very different frameworks, and understanding those differences matters more than the entry cost. Timeline also plays a role. Not all programs offer immediate access or fast-track naturalization. A country with a five-year pathway to citizenship might be ideal for those with long-term planning horizons, while others may need immediate regional access or banking flexibility. Finally, regulatory transparency, administrative efficiency, and legal safeguards should never be overlooked. The best programs are clear, predictable, and backed by a stable rule of law. When large capital is involved, that structure matters. How Bitizenship Helps You Unlock Residence by Investment Benefits At Bitizenship, we work with people looking to invest in Portugal’s Golden Visa, and we focus on making the process feel simple, structured, and personal. We specialize in helping you apply through the Unbound Fund, a fully eligible investment fund under the current Golden Visa program. From the moment you decide to invest, we’re with you through every step. That includes: Coordinating the investment process with the Unbound Fund Managing all required legal and financial documentation Working alongside licensed Portuguese lawyers and tax advisors Ensuring compliance throughout the entire process For most of our clients, residency is just the beginning. Over time, it opens the door to citizenship, and everything that comes with it. We’re here to make that path as smooth as possible, with support that goes beyond paperwork. Final Thoughts About Residence by Investment Benefits Global residency could very well be the future of investing. It offers access when systems back home feel restrictive and protection when markets fluctuate.The decision to pursue it often starts with a specific goal, travel access, tax efficiency, or family planning, but what it unlocks tends to reach further than expected. Portugal continues to stand out as one of the most stable, transparent, and rewarding residency options in Europe. Even with the recent shift away from real estate, its Golden Visa program remains highly competitive through regulated investment funds. With access to the Schengen Zone, a clear path to citizenship after five years, and a new tax regime (IFICI) that favors international capital, Portugal offers a well-rounded framework for those looking to establish a base in the EU. What makes the residence by investment benefits in Portugal particularly compelling is how they balance flexibility with long-term potential. You don’t need to relocate full-time, but you do gain real access: to healthcare, to education, to financial systems, and eventually, to citizenship. And unlike many fast-track programs around the world, Portugal’s approach is structured, legal, and designed to support sustainable growth, for both the country and the investor. Making a move like this comes with complexity, but it also opens doors. Whether you’re building a bridge for future generations or simply want the freedom to choose where and how you live, residency through investment can offer that foundation. And if Portugal is where you’re headed, working with the right partner can make all the difference. From understanding the rules to managing the process, the path is clear, you just have to take the first step. FAQ About Residence by Investment Benefits Which citizenship by investment program is best? The best citizenship by investment program depends on whether you're seeking EU rights, fast processing, or global travel access. Portugal is a solid choice for investors who want unparalleled lifestyle.  What is a Golden Visa and how does it work in Portugal? A Golden Visa is a residency program that grants legal status in exchange for a qualifying investment. In Portugal, the current version is structured around contributions to eligible investment funds. It requires limited physical presence and leads to citizenship after five years, making it a highly attractive option for investors seeking both flexibility and eventual EU citizenship. What are the advantages of a Golden Visa? The advantages of a Golden Visa include legal residency, visa-free access within the Schengen Zone, family inclusion, and, over time, a pathway to citizenship. Portugal’s Golden Visa, now available through regulated investment funds, remains one of the most efficient routes in Europe, especially for investors looking to secure both short- and long-term residence by investment benefits. What is the cheapest citizenship by investment currently available? The cheapest citizenship by investment programs are offered by countries like Dominica and St. Lucia, starting at just $200,000 via government contributions. These Caribbean programs are popular for their simplicity and speed, though they don’t offer the same regional access or long-term stability as EU-based programs. Which countries offer citizenship or residency by investment in 2025? There are more than 20 countries currently offering residency or citizenship by investment options. In Europe, Portugal, Greece, and Malta lead the way. Outside of Europe, the UAE, Panama, and several Caribbean nations provide well-established programs. What are the best residency by investment programs in Europe? The top residency by investment Europe programs include Portugal and Greece. Portugal’s program stands out for its stability, low physical stay requirements, and structured path to citizenship, while Greece offers the most affordable entry point. How does Portugal compare to other residence by investment countries? Among all residence by investment countries, Portugal continues to set itself apart. Its regulatory clarity, fund-based investment route, and five-year timeline to citizenship make it ideal for serious investors. In contrast, programs in places like the UAE focus more on business advantages than eventual settlement or political rights. Can I still apply for residency by investment in Spain? No. As of April 2025, residency by investment in Spain is no longer available. The government officially closed its Golden Visa program, which had allowed non-EU nationals to obtain residency through a €500,000 real estate investment. The decision was made in response to growing concerns over housing affordability and the impact of foreign capital on local property markets. What does residency by investment in the UAE offer? Residency by investment in the UAE is built around long-term Golden Visa options that cater to investors, entrepreneurs, and skilled professionals. Investors can qualify by purchasing property worth AED 2 million, investing in a local fund, or launching a business with a minimum capital threshold.

17 MIN READ

07 Aug 2025

7 Reasons Singapore Is the Greatest Civilization in Southeast Asia
Residency7 Reasons Singapore Is the Greatest Civilization in Southeast Asia Thanks to technology and globalization, the world is rapidly shrinking. And for the same reasons, you now have access to new markets, new business opportunities, and new investment options that just 50 years ago, didn't exist. This is where the story of Singapore, the Lion City, begins. Singapore exemplifies how visionary leadership and pro-business policies can create explosive and consistent economic growth. So, how did this sleepy port at the southern tip of Asia transform itself into an ultra-safe city-state worthy of global recognition and economic prowess (and the incorporation of Bitizenship)? The Rise of Singapore When you think about Singapore today, images of towering skyscrapers, busy city streets, high-stakes Asia business meetings, and the iconic Marina Bay Sands probably come to mind. But Singapore didn't always look like this. Just 50 years ago, Singapore was an industrious fishing village. Separated from Malaysia and left with few natural resources, Singapore's future looked uncertain in 1965. Enter Lee Kuan Yew, the country's first prime minister and the mastermind behind its transformation. Serving at the country's helm from 1959 to 1990, Yew is credited with the tremendous development in Singapore GDP – from US$974 million in 1965 to US$501 billion in 2023, a generous 51,337% increase. In a shocking turn of events, Singapore's nominal per capita GDP now more than doubles that of the European Union. The state of the Singapore economy is strong. Lee Kuan Yew had a vision to turn a main island city at the southern tip of Asia into a thriving metropolis with a strong currency – the Singapore dollar. Facing land constraints, the republic started with an ambitious land reclamation project, expanding the city by establishing more land in the sea. Today, land reclamation alone has increased Singapore's physical area by more than 20%, a testament to Yew's approach to natural limitations. As the city has rapidly developed and housed a growing population, this expansion has been a critical investment. Singapore's Economic Development Under Lee Kuan Yew's leadership, the People's Action Party (PAP) focused on economic development like a laser beam. They knew that without many natural resources, Singapore had to become a hub for trade, finance, and professional services. Yew's ruling party implemented policies that attracted foreign investment and encouraged multinational corporations to set up shop. For example, Jurong Island was created through the combination of several small islands. Attracting foreign investment from fossil fuels giants like Shell and ExxonMobil and fueling (literally) the local economy, it's now become a regional petrochemical hub. Yew knew, however, that Singapore could not grow without an injection of particular skills and expertise that the local population could not provide alone. So, the government increased immigration to the island city and welcomed hundreds of thousands of Chinese foreign workers to supplement the local workforce. Today, more than half of Singapore's workforce comprises foreign workers and expatriates, who contribute significantly to its local economy and GDP. This influx allowed Singapore quick ascension and transformation into one of the world's most prosperous nations within a few decades. Even today, the Singapore government maintains a delicate balance between economic growth and social development, ensuring that the public and private industries' benefits trickle down to the population. But what's made Singapore so successful in my eyes is its aggressively pro-business public policy. Reason #1 – A Pro-Business Government Mentality One of the secrets to Singapore's success is its alignment of public policy with the needs of its private industry and local population. Lee Kuan Yew and subsequent leaders understood that for the country to thrive, they needed to create an environment where businesses could flourish. First, Singapore revolutionized their now-top-ranked education system. At its core, the meritocratic system teaches that if you work hard, you will succeed. And, the local economy will boom as a result. In fact, the current Singapore prime minister Lee Hsien Loong is a Cambridge-educated mathematician. Second, Singapore offers a competitive tax environment, with low corporate tax rates and countless incentives for both startups and multinational companies. Singapore has no capital gains tax and no tax on foreign-sourced income. Ensuring that high-quality amenities match the high cost of living in Singapore, the government also heavily invests tax revenues in infrastructure and social services. Third, the prime minister and his cabinet work closely with local and international businesses to make sure their policies remain relevant, effective, and helpful. They cooperate to build trust between the government and private sector, which, having done business in several continents, I can say is lacking in most other countries. This carefully-crafted business environment has ranked Singapore second in the world for ease of business. Reason #2 – Singapore's Crypto-Friendly Stance In recent years, Singapore has positioned itself as a crypto-friendly nation, embracing blockchain technology and digital currencies. Because of favourable tax incentives, a friendly business environment, and a government supportive of the industry, multiple crypto and Bitcoin companies now call Singapore home. The Monetary Authority of Singapore (MAS) has established a clear, straightforward framework for crypto businesses to operate, attracting tech entrepreneurs from around the world. In fact, all crypto or Bitcoin capital gains are exempt from personal and corporate income tax. Evidently, Singapore's approach contrasts with the skepticism seen in other parts of the world – namely, Europe. By providing clarity and support, the republic government is tapping into a growing industry that many (including me!) believe is the future of finance. This forward-thinking approach aligns with everything else Singapore is doing to embrace the trend of innovation and technology. Reason #3 – Strict Laws But High Rewards Ask a street passerby their opinion of Singapore, and they'll likely respond with a variation of "What is Singapore?" and "Isn't Singapore that country in Southeast Asia with the strict rule of law?" Singapore is known for its strict laws. While that fact might raise some eyebrows of the freedom-seeking entrepreneurs and investors who read this piece, it's part of what makes the city-state so attractive. Let me explain. The clear, structured legal framework in Singapore ensures stability, safety, and predictability – crucial success factors for businesses and individuals making long-term plans. Lee Kuan Yew believed that order was essential for Singapore's success. With low crime rates, a highly efficient government apparatus, top-ranked passport, and the safest city in the world, Singapore's approach clearly paid off. The judiciary, including the Supreme Court and the Chief Justice, maintains the rule of law, which makes Singapore a predictable environment for foreign investors. Yes, the cost of living is high, but so is the quality of life. Exceptional services, from world-class healthcare to top-ranked education, make it worth every Singapore dollar – Singapore's national currency. Reason #4 – Education and Innovation as Pillars Lee Kuan Yew believes strongly in the ancient proverb, "The wealth of a nation lies in its people." So, from 1965 until today, Singapore has made education a cornerstone of their development strategy and national ethos. In 2024, the education system in Singapore ranks among the best in the world, instilling in its population a culture of excellence from a young age. Why? Well, Singapore aims to transform into the world's first "Smart Nation." From AI to climate change to cryptocurrency to biotech, Singapore is investing in industries of the future, ensuring that it stays ahead of each global trend. Singapore's commitment to education and innovation is not just about economic gains. Supported by the Singapore parliamentary majority and opposition parties, their values are about preparing Singaporeans for the monumental culture shifts and challenges of the future. And, with a population median age of about 42 years, Singapore has a dynamic and energetic society ready to face them. Right when you arrive at Singapore's international airport, you're greeted with some of the most awesome sights you'll ever witness in a country: Singapore is the fourth largest financial center in the world (200+ banks and 64 of Asia's top 100 companies are headquartered here) Tuas Mega Port will be the world's largest fully-automated terminal in 2040 40% of land is green space These developments are testaments to the Smart Nation government initiatives coexisting with pre-existing cultural sites. Reason #5 – The Melting Pot of Ethnic Groups 74.3% Chinese, 13.5% Malay, 9% Indian, 3.2% other. This is how the Singapore population breaks down demographically. With four official languages (English, Mandarin, Malay, and Tamil), Singapore is a melting pot of several cultures, a community where many ethnic groups coexist harmoniously. These differences aren't just tolerated but celebrated. Even through public policy, the Singapore government promotes social harmony and multiculturalism, ensuring that every group has a voice. The national anthem "Majulah Singapura" (Onward Singapore) furthers this unity. This melting pot of cultures also makes Singapore a culinary paradise. Just walk down Orchard Road and smell all the different cuisines emanating from the skyscrapers and street markets. Reason #6 – Highly Efficient Health System Singapore welcomes 500,000 visitors a year for medical tourism. Even foreign leaders like Zimbabwe's former president Robert Mugabe choose to visit the main island city of Singapore for their medical treatments versus closer destinations in the EU like Germany or France or in Asia like China or neighboring Malaysia. Life expectancy on the island city-state of Singapore is 83.9 years, whereas in the United States, it's just 78.5 years. This data is testament to Singapore's ranking as the world's top destination for medical efficiency. Not just is the quality of care excellent. But the cost of healthcare in Singapore is substantially lower than in other, less efficient states like Australia, New Zealand, or the United States. Reason #7 – Military Strength and Regional Influence The parliamentary republic of Singapore also boasts a highly capable military, despite its size and position in South Asia. The Singapore Armed Forces (SAF) play a role in protecting national security, regional stability, and Singaporeans abroad. Mandatory national service ensures that military personnel and the armed forces are invested in the country's defense and success. In terms of foreign affairs, Singapore maintains strong relationships with neighboring countries like Malaysia and Indonesia, as well as global powers like the United States and China. You'll notice that the latter are not particularly friendly with one another. So, Singapore attempts to maintain diplomacy amid an increasingly hostile environment in the South China Sea. This strategic diplomacy furthers Singapore's influence beyond its borders, allowing it to punch above its weight on the international stage. Other Nations Poised for Similar Growth Singaporeans believe their country is an example for many more to come. I agree. From just an island off the coast of Malaysia to a global economy and Asia powerhouse, Singapore offers lots of valuable lessons for other nations, not just in Southeast Asia but other parts of the world as well. By duplicating many of their policies, special economic zones and countries like the United Arab Emirates and Indonesia are showing promising signs. Singapore showed that you can attract foreign investment and focus on economic development while also prioritizing your people and keeping taxes low. Singapore joined global giants in Asia, such as the Japanese, in the EU, and in North America by breaking boundaries and offering services and incentives no other government dared to offer. Despite their land constraints and their small population, more than half of Singaporeans earn $50,000 or more per year. In Europe, nations like Estonia are embracing digital transformation and pro-business policies. In Africa, countries like Rwanda are making strides in economic growth and technological adoption. All with Lee Kuan Yew's successful policies in tow, leadership at the forefront, and consistent economic growth as the goal. Singapore's model for education, public services, employment, industry, and resources despite land constraints will serve civilizations – and the world – for centuries to come. The Strategic Advantage of Second Citizenship So, what does all this have to do with second citizenship? Well, in a world where geopolitical and financial risk are becoming second nature, a second passport up your sleeve is an increasingly important asset to have. Dual citizenship grants you access to new markets; more investment, education, and employment opportunities; immigration options; increased financial security; and even a backup plan in case things go downhill in your native country. Countries like Singapore offer attractive options for second citizenship and major return on investment. And, we've evaluated a few of those opportunities in El Salvador, Portugal, and Argentina. However, to maintain the value of their citizenship and community, Singapore has chosen to make naturalization very rare. Plus, Singapore does not allow dual citizenship. So, if you were to naturalize as a citizen of Singapore, you'd have to renounce your original citizenship(s). https://twitter.com/0x_ale/status/1845752993854914898 But, one can invest in residency in the city of Singapore via a few different channels. The Global Investor Program (GIP) offers immediate permanent residency and a two-year path to citizenship for those who invest at least US$7.5 million in a Singapore-based company or investment fund. More relevant to the average reader of this piece, the Singapore Entrepass Program allows investors to either invest an unidentified amount of money in a local business (typically more than a few hundred thousand dollars) or receive US$100,000 in new business investment from a government-recognized venture capital firm or angel investor. Or, every year, some 180,000 highly-qualified investors hire themselves in a local business through the Singapore Employment Pass visa and are granted residency in the country. So, while Singapore does make investment migration rather rare in the country, the Lion City still allows tourism and business to be done in its small island city through temporary tourism visas. Singapore's journey from a small island city with land constraints and limited natural resources to a global powerhouse is nothing short of extraordinary. Politicians and leaders around the world have taken note of Lee Kuan Yew's leadership style, government policy, and approach to the economy so as to duplicate its positive examples in their locales. With the right policies and mindset, even the smallest nations can achieve great heights and account for much of a region's growth.

12 MIN READ

06 Nov 2024

Citizenship Will Be Unrecognizable in 50 Years (And The Sovereign Individual Predicted It)
CitizenshipCitizenship Will Be Unrecognizable in 50 Years (And The Sovereign Individual Predicted It) Published in 1997, The Sovereign Individual outlined a future in which individuals would transcend traditional nation-states. Now, fast forward to today. Your so-called "belonging" in a nation-state has already transformed beyond recognition. For those with foresight, now is the time to prepare for what's to come. So what will citizenship look like in 50 years? How will humans migrate and invest across the world? In this article, I take a stab at both questions and unveil my preparation strategy. https://youtu.be/3oHy6m1U5tk What The Sovereign Individual Got Right (and Wrong) More than 25 years ago in 1997, the authors of The Sovereign Individual William Rees-Mogg and James Dale Davidson predicted a future where technological advancements would dismantle international borders and the traditional relationship between individuals and nation-states. Astonishingly, they were correct about many facets of modern life. The book foresaw the rise of the internet, the creator economy, remote work, cryptocurrency and the blockchain, digital nomadism, and the citizenship by investment industry (CBI), where individuals bypass borders, invest in other countries, and are rewarded with citizenship. In the past, that international lifestyle was accessible only to the wealthiest of high-net-worth individuals. But today, capitalism and technology have afforded those same benefits to the common man, the crypto pioneers, and the digital nomads across the world. A Rwandan tribesman with just an internet connection can compete with the best of the best in New York City. However, Rees-Mogg and Davidson didn't predict the future 100% correctly. In 1997, who would have?! While technology has, of course, empowered millions (if not billions) to live more globally, the power of the state has persisted far longer than they anticipated. The writers foresaw greater autonomy and independence of the individual in the future, but welfare states and federal governments have not ceded as much power as they assumed. Now in 2024, corporations and the wealthy have learned to avoid excessive taxation by relocating across international borders, accessing private crypto technologies to secure their wealth, creating offshore financial strategies, and other means. Governments have responded to this mobility and financial decentralization by strengthening financial regulations, naturalization requirements, banking frameworks, and CBI due diligence. Despite these governments' attempts to coerce the rich, we expect to see shrinking federal tax bases and more aggressive government financial incentives to recruit them. So Rees-Mogg and Davidson’s predictions will come true; it may just take longer than expected. And, in that tension lies opportunity. The Growth of the Citizenship by Investment (CBI) Industry In 1984 St. Kitts & Nevis, a Caribbean island with a population of about 47,000, was the first independent country to offer investors naturalized citizenship for a donation or real estate purchase in their territory. And thus, began the CBI industry. The Sovereign Individual predicted the rise of this CBI industry. As countries recognized the demand for flexible citizenship and migration options, their forward-thinking leaders created programs that allowed motivated individuals to acquire citizenship in exchange for investment in their country and economy. For families facing negative political influence or economic uncertainty in their home country, these programs offered a new kind of security. Another citizenship in one's backpocket is an effective insurance policy to reduce risk, as illustrated by the flag theory. If you were to hold your assets, residence properties, citizenship, bank accounts, businesses, and income streams in different countries, you'd reduce your risk of theft, market downturns, and rogue governments. Think about it. You’d be unstoppable if you had … Citizenship in the United Kingdom and the United Arab Emirates Businesses incorporated in the Cayman Islands and the United States Residency permits in Malaysia and Panama Homes in Argentina and Italy Bank accounts in Hong Kong and Cyprus Blockchain, cryptocurrency, and digital assets – The wealthy now have new ways to guarantee their personal sovereignty. And if their wealth lives in a decentralized system, why should their citizenship be tied to a single state?  Dependence on a single authority for all elements of your life is a death march. The CBI industry has grown rapidly, especially since 2020 when many realized their desire for a Plan B (or Plan A for that matter). However, its limitations are becoming clear. Governments are tightening their rules, and the overbearing influence of organizations like the EU has resulted in higher investment thresholds, overly scrutinized due diligence, and more challenges. Is the shift from citizenship by investment to residence by investment (RBI) underway? The Shift from CBI to RBI If the last decade saw an explosion in the CBI industry, I think the next 50 years will be defined by the residence by investment (RBI) model. Why? Because families and individuals don’t just want the freedom to move – they want the security of belonging without the scrutiny of a CBI case. RBI provides a middle ground – Access to residency with the option to naturalize without all the undue scrutiny of CBI. Plenty of countries around the world offer permanent residence by investment programs. For good reason, Portugal's golden visa is the most popular while the following countries offer their own versions of RBI: Canada Cyprus Greece Malaysia Malta Mexico Panama Spain Thailand United Arab Emirates United States Why Portugal? Portugal has become a hotspot for digital nomads, high-net-worth individuals, and crypto holders looking to secure European residency because of its ... climate; Mediterranean lifestyle; potentially low taxes (especially compared to the rest of Europe); low physical presence requirements (7 days in the first year, then 14 days each subsequent two-year period); right to reside, work, conduct business, and access education and healthcare services across 27 European Union member states; five-year pathway to naturalization; among many other benefits. Through the Portugal golden visa, applicants can choose to invest €500,000 in venture capital or private equity funds or indirectly in bitcoin via the Bitizenship fund, the world’s first Golden Visa Fund focused on Web3 technology. The trend towards RBI reflects a deeper evolution in how families plan for the future. Unlike CBI’s one-time commitment, potential due diligence issues, and upfront costs, RBI provides flexibility and a possible return on your investment without immediate naturalization. CBI was the solution for the last 20 years, but the future lies in flexible residence options that allow families to continue living their lives uninterrupted without attachment to one single place. There’s something Rees-Mogg and Davidson missed. What Will Citizenship Look Like in 50 Years? As the sovereign individual weens off the government, they realize they didn't need it as much as they may have thought they did. I've noticed this. Have you? In a few decades, citizenship of a state will look and feel fundamentally different than it does today. Individuals won't depend on just one citizenship. Instead, individuals will be global citizens. Decentralized citizenship will be mainstream, and they'll carry several passports and wield their influence as such across the world. Citizenship will be more fluid.Citizenship will be less political.Citizenship will help us navigate financial and geopolitical uncertainty. You and I will be an amalgamation of values from the cultures we choose to propagate, rather than only those passed down from our ancestors. This doesn’t mean a loss of values, but rather the emergence of new values. In the future, we’ll see the idea of citizenship undergo a dramatic transformation. I hope this is the case. Emerging technologies, political shifts, and digital assets will change the very fabric of what it means to "belong" to a country. Individuals will carry digital passports, securely and privately stored on the blockchain, allowing them to manage their assets across multiple jurisdictions. Nations will compete for productive citizens, offering incentives like lower taxes, digital services, political influence, and a quality of life that matches their needs. All the while, creating a unique investor profile for the investors they want to recruit. We will adopt a portfolio approach to citizenship, holding multiple residencies and multiple citizenships across multiple regions to reduce risk. A home in Portugal for its EU benefits.A residence in the Caribbean for tax optimization.An Asian base to tap into new business opportunities. Citizenship will be less about allegiance to one state. Citizenship will be more about eliminating dependence on authorities and jurisdictions altogether and choosing to spend time in the places that serve our interests. How to Prepare for the Future of Citizenship So, how can you prepare for a future where citizenship is fluid, mobile, and decentralized? Invest in CBI/RBI Programs — Secure multiple long-term residence permits in stable jurisdictions. For example, invest indirectly in Bitcoin through Portugal's golden visa Bitizenship fund and get residency rights across the European Union. Use Decentralized Technologies — Your citizenship and finances should reflect your independence from the state. So, manage your assets and influence through decentralized financial systems like Bitcoin, cryptocurrency, and other blockchain technologies. Stay Mobile — Flexibility and openness are key. With growing geopolitical and market uncertainty, march into new opportunities with the ability to adapt at any moment. With this approach, you position yourself, your family, and your finances to thrive. The future is bright for those willing to invest in their sovereignty and extend their influence across jurisdictions. In the next 50 years, citizenship will evolve from a static legal identity tied to a single state to a fluid, flexible system. But not for everyone. That depends on you. The state will not make this transition for you. They want your tax revenue. In fact, they'll make flexibility more difficult for you to obtain if you don't act now. Plan wisely.Invest in the right jurisdictions and decentralized assets.Become ungovernable.Become sovereign.

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09 Oct 2024

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