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05.12.2016

Real Estate Option

Another alternative for Economic Contribution is the Real Estate Option. Under the Citizenship by Real Estate Investment Program, an applicant must investment a minimum of USD200,000 on an approved project.

In addition, the projects will be strictly under government monitoring and supervision which is being applied on construction process as well. During the construction the funds will be controlled by the government. Fund will be deposited in an escrow account and will be drawn in tranches.In this way, the government acts as trustee of the people.

Table 2 below shows the schedule of government contribution depending on the number of applicants.

Table 2. Schedule of Government Contribution through Real Estate Investment Option.

Minimum Real Estate	Additional Government Contribution	Due Diligence Fee	Additional Fees	Number of Applicant and Dependents
USD 200,000	USD25,000	USD7,500	-Processing Fee: USD1,000 -Certificate of Naturalization: USD 250 -Expedited Passport Issue Fee: USD 1,200	Main Applicant
	+ USD10,000	+ USD7,500	+ Certificate of Naturalization: USD 250 -Expedited Passport Issue Fee: USD 1,200	Spouse
	USD35,000 Additional payment for a family of four including the main applicant.	Additional payment of USD4,000 for each dependent 16 years’ old and above	-Certificate of Naturalization: USD 250per applicant -Expedited Passport Issue Fee: USD 1,200per applicant	Each dependent below 18 years’ old
	USD50,000 Additional payment for a family of six including the main applicant.	Additional payment of USD4,000 for each dependent 16 years old and above	-Certificate of Naturalization: USD 250 per applicant -Expedited Passport Issue Fee: USD 1,200 per applicant	Each dependent aged 18-25 years

Consultation Fee: is depending on the number of applicants which is not included on the above schedule of payment.

Dependent means:

• A spouse of the main applicant;
• A child under eighteen (18) years of age of the main applicant or his or her spouse;
• A child of the main applicant or his/her spouse between 18 and 25 years, who is in full time attendance at a recognized institution of Higher Learning and is fully supported by the main applicant;
• An unmarried daughter of the main applicant under 25 years of age and is living with and fully supported by the main applicant
• Parents or grandparents of the main applicant or spouse who are above 65, living with and fully supported by the main applicant.

A “child’’ means a biological or legally adopted child of a main applicant, or of the spouse of the main applicant.

***The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the original purchase date.