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Since the onset of lockdown, there’s been a remarkable increase in wealthy South Africans wanting to achieve second residency or citizenship for their families. Spurred to action by the pandemic’s devastating impact on the South African economy, these investors are looking for a safety net against currency and political risk.
Discover a world of opportunities
Visa-free travel and wanting to give their children the privilege of studying, working and living internationally are also driving factors. They view a powerful passport as an essential tool as they expand their businesses into more resilient global markets, such as the US and Europe.
Passport diversification used to be seen as a luxury, but investors are now regarding it as a key component of a balanced wealth portfolio.
Governments typically require the main applicant to invest in a property that needs to be held for three to five years. With more than 15 countries offering such programmes across Europe, USA, the Caribbean, Vanuatu, Mauritius and elsewhere, it’s important for investors to clearly identify what it is they want to achieve.
Some of the most popular programmes among South Africans include:
- Portugal Golden Visa: Property investment from €350 000 to €500 000.
- Grenada citizenship: Property investment from US$220 000, or donation option from US$150 000 (single applicant). Full citizenship in three to six months and visa-free access to Europe’s Schengen countries, as well as the possibility to live in the US through the E2 investor’s visa.
- USA EB5 Green Card: US$900 000 investment in a regional development centre.
- Mauritius residency: US$350 000 in real estate investment. Although Mauritian residency doesn’t offer the same European travel benefits as other similarly priced programmes, it remains a popular choice for South Africans looking for a retirement or holiday property.
Here’s to new beginnings
LIO GLOBAL are independent investment-migration specialists who’ve been helping South Africans achieve global citizenship for more than six years. They have a 100% success rate on all applications to date.
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