Did you know that high-net-worth individuals have a 98% success rate of acquiring residency status through residency by investment (RBI) programs? 

But how do they go about accessing such a powerful and fruitful opportunity?

As experts in the field, our WorldPassports team has done extensive research and compiled the ultimate guide to ensure you effectively prepare and apply for residency by investment.

Are you prepared to delve into the exciting world of residency by investment? 

Let's get you started…

*Disclaimer: All amounts mentioned in this article were correct at the time of publication and might have shifted since.

What’s the Procedure for Applying for Residency by Investment?

Navigating any residency by investment program can be an overwhelming and daunting prospect for applicants and investors alike. 

Nevertheless, by relying on our professional advice and gaining comprehensive knowledge of every stage, you can achieve a smooth and efficient experience.

Below, our experts in the field will walk you through a comprehensive step-by-step guide for a successful residency by investment application:

Step 1: Choose an Investment Route

The first step in the residency by investment application process is to choose the right investment route for your specific needs. 

Various residency by investment programs offer differing investment routes, such as real estate, government bonds, donations, or business ventures, depending on your chosen program.¹ 

Take note

It's essential to research each option thoroughly and consider factors like return on investment, risk, and long-term goals. 

Costs for this step can vary widely, ranging from US$100,000 to several million dollars, depending on the chosen option and country.

Step 2: Choose an Authorized Immigration Consultant

Next, you'll need to choose a reputable and authorized immigration agent to guide you through the RBI application process. 

These agents have extensive knowledge of the requirements, documentation, and procedures involved in residency by investment programs. 

They can help streamline your application process and help you avoid potential pitfalls. 

Expect to pay fees ranging from US$5,000 to US$20,000, depending on the complexity of your case. 

Step 3: Prepare Your Documentation

The next step is essential to your RBI application's outcome. 

This step involves gathering, preparing, and submitting all the required documents for your application. 

The list of specific documents you may require includes the following:

• Your chosen program's application document
• A valid passport
• Proof of identity
• Birth certificate
• Marriage and divorce certificate(s)
• Financial statements
• Police clearance certificates
• Medical reports
• Curriculum vitae (CV) or résumé
• Reference letters
• Tax returns
• Proof of address

Ensuring that all documents are accurate, complete, and up-to-date is crucial for a smooth application process.

It’s important to note that the specific documents will vary depending on your chosen program. 

Step 4: Hand Over Your Application

Once you’ve selected your investment option, partnered with an authorized immigration agent, and carefully prepared your documentation, it's time to submit your application. 

Your immigration agent will help ensure that all forms are completed accurately and submitted to the appropriate authorities. 

Why’s this important?

This step is necessary to initiate the review process and move forward with your residency by investment journey. 

Application fees vary by country, ranging from US$1,000 to US$10,000.

Step 5: Candidate Evaluation & Investigation

After submitting your application, the relevant authorities will conduct a thorough screening and due diligence process. 

This step is crucial to ensuring that applicants meet the program's requirements and have no criminal records or financial irregularities.

It helps maintain the integrity and reputation of the residency by investment program. 

There may be additional fees for background checks and due diligence, which can range from US2$5,000 to US$15,000.

Step 6: Receive Pre-Approval

Once your application has been reviewed and you've passed the screening and due diligence processes, you'll receive a notification indicating your application's pre-approval.

This notification indicates that you've successfully met the necessary requirements and are eligible to proceed with your investment. 

Step 7: Execute Your Investment 

With pre-approval in hand, you can now make your chosen investment. 

Depending on the investment option and country, you’ll need to make your investment in real estate, government bonds, or business ventures. 

Ensure that all investment-related fees, taxes, and legal costs are considered and paid accordingly. 

Investment amounts can vary significantly, as mentioned in the first step.

Additionally

Ensure that you have a copy of your proof of payment to demonstrate the success of your investment. 

Step 8: Receive Your Permanent Residency

Once your investment is completed and verified, you'll be granted permanent residency in the country where you applied. 

This final step marks the successful completion of your residency by investment journey. 

At this stage, it's essential to maintain your investment according to the program's requirements to keep your residency status.

Do I Need a Residency by Investment Agency to Help Me Apply?

No, it isn’t mandatory to use a residency by investment agency to help with your application, but our team highly recommends it for several reasons.

Here are a few reasons:

• Agencies have extensive knowledge of the application process, requirements, and documentation needed for each country's program, which can save you time and effort.
• Agencies can help you avoid common pitfalls and mistakes that might lead to delays or even rejection of your application. 
• An agency can provide valuable guidance in selecting the most suitable investment option based on your financial goals and risk tolerance. 
• Agencies can assist you in overcoming language and cultural barriers. 

Our recommendation

While working with an agent or agency isn’t a requirement, they can greatly assist you in your pursuit of residency by investment. 

Common Questions

In Conclusion

Residency by investment offers a viable path to securing a second residency for high-net-worth individuals and their families. 

However, preparing for and applying to RBI programs can be complex and can require careful navigation. 

WorldPassports trusts that our comprehensive guide has helped you feel more confident in applying to your chosen residency by investment program. 

We wish you all the best with your RBI application!