sponsorship (e.g. company acts as a
sponsor). In most cases the permits
are valid for between one to three
years but are all subject to renewal.
Two of the most common types of
residence permits are an Employee
Residence Permit and a Real Estate
Investor Residence Visa. Family, relative and student residence permits
are also available. Dubai business
licenses are available for various
company structures and offer 100%
foreign ownership, 100% repatriation of capital and profits, and 100%
corporate and personal income tax
exemption for a determined period of
time.
Monaco Residence
To obtain residence, the applicant
must provide proof of sufficient
funds to live in Monaco and proof of
accommodation by way of lease or
purchase agreement. The applicant
may also apply for a business license
as Monaco has become a popular
place to set up family offices, hedge
fund management businesses or
branches of overseas companies.
Monaco residents are not subject
to income tax, capital gains tax, or
wealth tax. Inheritance taxes are due
by both residents and non-residents
but only on assets located in Monaco.
A Monaco residence permit gives
visa-free access to all Schengen
states.
United States Residence
The Immigrant Investor Program of
the US, known as the ‘EB-5 Program’,
was created to stimulate the US
economy through job creation and
54
capital investments from foreign
investors that wish to obtain permanent residence in the US. The two
options, the Basic Program and the
Regional Center Pilot Program, both
require the investor to make a capital
investment of either US$1 million
or US$500,000 in a new commercial
enterprise located in the US. The new
commercial enterprise must create at
least 10 full-time jobs for qualified US
workers within two years of the grant
of conditional permanent residence.
About Henley & Partners
Henley & Partners is the global leader
in residence and citizenship planning.
Each year, hundreds of wealthy individuals, families and their advisors
rely on their expertise and experience
in this area.
The concept of residence and citizenship planning was created by Henley
& Partners in the 1990s. As globalization has expanded, residence and
citizenship have become topics
of significant interest among the
increasing number of internationally
mobile entrepreneurs and investors
whom work with Henley & Partners.
The firm also runs a leading government advisory practice, and have
been involved in strategic consulting
and the design, set-up and operation of several of the world’s most
successful residence and citizenship
programs which attracted have more
than US$ 3.5 billion in foreign direct
investment to date.
www.henleyglobal.com
[email protected]
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