DUBAI, UAE, May 2, 2022 /PRNewswire/ — One of the most important jobs of a parent is to help their children achieve their potential.
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Residency by investment allows people to obtain a second residency by investing in a country’s economy, usually through buying real estate or bonds. However, the definition of investment here is much wider than one may assume, as the investment is not just in a tangible asset such as an apartment or block of land, but rather in something much more important – in your children’s future.
By obtaining a second residency in another country, you (at least) double the opportunities and tools your children have. Depending on the country you choose, your children will be able to pursue their passion and obtain all the means they need to succeed. But what if they could obtain an infinite amount of opportunities?
The Golden Visa & Education
Now, if you were to obtain a residence in the United Kingdom, for example, your children would have the chance to study and learn in one of the world’s best education systems. However, the UK is not the only nation with an outstanding education, and students remain within its realm.
The EU, on the other hand, is an entirely different prospect. Housing 28 different member states, it offers students something much larger, and much more diverse, while maintaining the high standard (if not even going above) of education found in the United Kingdom.
Obtaining an EU residence means unlocking the entirety of the Union’s opportunities. With global education powerhouses such as Germany, Spain, Finland, Norway, The Netherlands, Belgium, Greece, Malta, and many more, your children will be spoiled for choice.
The good news is; obtaining a residency in the EU has never been easier. Through Residency by Investment Programs, dubbed golden visas, a person can obtain a residence permit for themselves and their family by purchasing property in Portugal, Spain, Greece or Malta.
But how does it work? And what are the real advantages?
How Golden Visas Lead to Better Education
Gaining a golden visa is easy; buy a property and obtain your residence permit. However, when it comes to unlocking the entire EU’s education system, it goes a bit further than that.
For a student to be considered an EU domestic student, they either need to have a permanent residency in an EU country or have obtained EU citizenship. The latter, of course, opens more doors and provides greater advantages.
Golden visas offered in the nations of Greece and Spain, all provide their holders with residence permits with no fast track to citizenship. A person wishing to obtain citizenship in Latvia must reside five (5) continuous years there, while Greece requires a stay of seven (7) years, and Spain has the highest period of ten (10) years.
But it is in Portugal and Malta where things get interesting. Both residency by investment programs have fast tracks to citizenship. Malta requires a residence of one (1) or three (3) full years on the beautiful island, depending on the investment amount, to obtain Maltese citizenship.
Portugal, on the other hand, requires golden visa holders to live just seven (7) days a year for five (5) years in Portugal to apply for citizenship. Portugal also has a lower investment threshold than Malta, making it one of the best options for those looking to easily and quickly get an EU citizenship.
The country also allows the addition of all financially dependent children of the applicant, making it much more holistic in nature. Once a child obtains EU citizenship, he has the opportunity to pursue their passion throughout any of the 28 member states without any obstacles whatsoever.
Advantages In Terms Of Education
Obtaining a golden visa allows your children to study in the nation of residence as domestic students, giving them greater opportunities and chances to succeed. However, if they become citizens, the advantages are much more wholesome.
More Diversity
EU citizens can choose which EU country they want to study in, and that gives them a wider array of options. An EU citizen is treated the same everywhere throughout the Union, as, for example, a Portuguese national can pursue education in Germany as a German national would.
This means that children can choose the programs and majors that suit them best. Portugal universities are known for their focus on science, technology, engineering, and mathematics (STEM). Germany boasts outstanding engineering and medical programs, while Spain has one of the best art education systems in the world.
Greece is home to one of the best healthcare systems globally, and that reflects within its universities, while Ireland, which is becoming a major global hub for business, excels in offering management and entrepreneurial courses. The options are limitless, and children can choose what and where they want to study.
Tuitions & Scholarships
Any EU citizen is considered a domestic student, which means they can pay lower tuition than if they were to study as international students. Domestic students pay tuition that is sometimes as low as 50% of that of their international counterparts, but sometimes they may not even need to pay anything.
Some countries, like Germany and Finland, do not charge any tuition, regardless of the student’s nationality. Others, like Ireland and Sweden, however, are free to EU nationals, meaning a child with an EU passport has a greater chance of obtaining free education.
Children with EU passports can also apply for a wide range of scholarships available to EU citizens only. But it isn’t just about the money; these scholarships give children an insider chance to attend certain programs at specific universities, which come with even greater benefits going forward.
Greater Experience
Education is just the stepping stone for children, as they will then have to hone their crafts. The EU offers endless opportunities in that regard, as, unlike the UK, for example, students in the EU are free to roam 28 countries looking for internships and employment.
Children can also choose where they want to learn, be it in bustling cities such as Berlin or Madrid or more eco-friendly areas such as the French Riviera or Porto.
The EU allows students to choose their major and find the best place to master their craft. Whether they go into medicine, engineering, IT, agriculture, arts, business, or otherwise, the Union offers great opportunities to all.
Invest In Your Children Today
To obtain a golden visa all you need to do is contact us today to book a free, comprehensive consultation with one of our veteran immigration consultants. They will analyze your case and help you find the best options that suit your needs, budget, objective, and which map out the best future for your children.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. Founded in 1797, the agency has evolved from pharmaceuticals to family assets and legacy protection through second citizenship and residency. The company’s professional, multinational staff is made up of expert advisors who have guided thousands of clients, including many North African investors, on their journey to find the most suitable CBI program for them. The Savory & Partners team will be happy to answer your enquiries in English, Arabic and French.
For more information, please send an email to contact@savoryandpartners.com. You can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
