RBI Options which allow Indian Dual Nationality
The ongoing debate about dual citizenship in India is particularly notable given recent discussions on the requirement of surrendering Indian passports. This has also coincided with the filing of a Public Interest Litigation (PIL) advocating for dual citizenship for the Indian diaspora.
Although the Delhi High Court dismissed the PIL, Indian nationals can still explore Residency by Investment (RBI) options, which allow them to retain their passports.
1. US EB-5 Visa Program
The US EB-5 Immigrant Investor Programme offers a pathway to a Green Card. As it grants US residency, not citizenship, individuals can keep their Indian passports. Investment options include:
Investing at least $800,000 in a new enterprise within a Targeted Employment Area, or $1.05 million elsewhere, while creating a minimum of 10 full-time jobs.
Making a passive investment in a Regional Center, ranging from $800,000 to $1.05 million, depending on the area.
Benefits include:
Potential to avoid state income tax in certain states.
Access to prestigious universities for children.
Utilization of world-renowned healthcare.
2. Greek Golden Visa
The Greek Golden Visa provides European residency through real estate investment for non-EU citizens:
€800,000 for properties in Attica, Thessaloniki, Mykonos, Santorini, and larger Greek islands.
€400,000 in other locations.
A grace period allows lower investment thresholds until August 30, 2024, with final purchases by December 31, 2024.
Advantages include:
Visa-free travel within the Schengen area.
Renewable five-year residence leading to permanent residency.
Living with a low cost of living.
3. Malta Permanent Residence Programme
The Malta Permanent Residence Programme offers alternatives for Indian nationals:
A €68,000 contribution to Malta and property purchase of at least €300,000 in southern Malta or Gozo, or €350,000 elsewhere.
A €98,000 contribution and renting property for at least €10,000 in the south or €12,000 elsewhere.
Benefits include:
Access to the Schengen area.
Right to reside in Malta indefinitely.
English is an official language.
4. Portuguese Golden Visa
Launched in 2012, the Portuguese Golden Visa offers residency through:
A €250,000 donation to cultural heritage or arts, reduced in rural areas, or a €500,000 investment in research or funds.
Establishing a business or increasing a company’s capital with a €500,000 investment, resulting in job creation.
This program offers:
Minimal residency requirement of seven days.
Access to the Schengen area.
High quality of life.
5. Spanish Golden Visa
The Spanish Golden Visa allows for investment in:
€2,000,000 in Spanish public debt or €1,000,000 in capital companies or funds.
Real estate worth €500,000.
Starting a business that contributes to scientific advancement or employment.
With potential program cancellation, take advantage quickly to benefit from:
The freedom to live, work, and study in Spain.
Travel within the Schengen area.
Excellent healthcare access.
6. UAE Golden Visa
Qualify for UAE residency by investing in:
At least 2 million AED in real estate.
Public investment funds with minimum requirements.
A tech or future-focused business worth at least 500,000 AED.
Once qualified, enjoy visa-free access to 18 countries with a UAE Residency Identity Card, while benefiting from:
Diversity among the 7 Emirates.
Minimal residency requirements.
Inclusion of domestic staff as dependents.
7. Canada’s Start-Up Visa Program
Canada’s Start-Up Visa invites Indian entrepreneurs to innovate (excluding Quebec) with a C$275,000 minimum investment, focusing on:
Innovative business solutions.
Job creation for Canadians.
Global market competition.
While citizenship is an option, remaining a Permanent Resident allows you to keep your Indian passport.
Benefits include:
Living in English-speaking regions.
Universal healthcare.
Free education for children up to 18.
A family-friendly, low-crime environment.
Opting for a Residency by Investment strategy enables you to maintain your Indian passport while exploring new opportunities. Consider consulting with experts like Residency Advanced to learn more and make informed investment decisions.