Welcome back, today we're bringing you information which will help you expand your business into one of the world's most promising continents economically-speaking.
Asia is recognised for having major financial centres, so relocating there could be a great business move, but for that, you're going to need an Asian second residence. Here we will provide you with all the information to obtain your residence in an easy way.
Thailand
The Thailand Residency by Investment Program offers candidates the possibility to reside in Thailand for more than 20 years, including access to all the privileged services, normally reserved for citizens, as well as all the opportunities the country has to offer. This is one of the most demanded destinations in Southeast Asia, offering an affordable and convenient standard of living.
Am I eligible to apply?
Any entrepreneur can apply for this benefit by following the steps below:
To start this program, your company must have approximately USD 19,000. This is the cost of the minimum investment application fee which would be THB 600,000 in their currency. It can be invested in any form of Thai business, whether it is stocks, real estate, bonds, or any type of investment available in the country.
Once the investment has been made, the visa can be renewed annually for an indefinite period of time. An investment visa is not a lifetime residence but allows the investor to stay in Thailand almost indefinitely.
Are there any benefits for me?
Of course, in addition to being able to work in the home of the most idyllic beaches around the world, investing in Thailand has numerous benefits as an entrepreneur and for your business. Some of them are listed below!
Fast processing time: only takes two to three months.
No annual visa is required every year.
No minimum stay requirement.
Thailand has a low cost standard of living.
The United Arab Emirates
The UAE is a leading country in the Persian Gulf and offers modern infrastructure, transportation, and communication systems. This is an outstanding place to do business, with convenient global access. Their Investment Residency program aims to secure long term residency for international investors and entrepreneurs.
Am I eligible to apply?
In the UAE, there are three strategies you can follow to receive a residency visa. The government has created a step by step approach in which, depending on the quantity of money you contribute, you will get more and more benefits.
If you invest $3 million (10 million Emirati dirhams), you will receive a ten years residency permit, also known as a UAE Golden Visa.
If you want to make a lower investment. This is the right option for you. By purchasing real estate of 1 million Emirati dirhams (USD 272,000), you will get a two year temporary residence permit. The property must be residential and must be held for at least three years. An investment of 1 million Emirati dirhams grants the investor a 3 year investor visa.
The third option would be for you to start a company in the UAE. By doing this you will get a pass for 2 years and then renewed for another 2 years. However, you will have to pay attention to the new corporate tax that would be applied by the middle of 2023.
Are there any benefits for me?
By investing in here, which is one of the most developed nations in the world, your company will gain many advantages in the market.
Ranked among the top 30 countries in the world in terms of the facility for doing business.
Residents do not have to pay taxes on their income.
Visa free travel to more than 39 countries.
Possibility of living in one of the most secure countries in the world.
South Korea
South Korea is one of the most developed countries in Asia. It has an extraordinary and futuristic urban life along with a stabilised economy. Their residency by investment program will open the doors to their ultra developed country making it an ideal place for any young entrepreneur.
Am I eligible to apply?
To apply for this opportunity you can choose from one of the three options below:
First, you can invest 100 million Korean won, which would be around US$80,375 into your own company.
The second option would be to invest around 100 million Korean won into someone else’s company and become a shareholder with 10% ownership.
The third option consists of an investment of 500 million Korean won in government bonds (300 million if you are over 55 years of age and have assets of another 300 million in Korea or abroad).
Are there any benefits for me?
Although it may sound a bit risky, especially because of the difference in culture and language, living in South Korea can be one of the best experiences you could possibly have due to the many benefits this country has to offer.
Right to stay in South Korea indefinitely.
Universal healthcare and high quality education for residents.
Investment opportunities in a stable, highly innovative economy.
Create business opportunities without restrictions.
Chance to live in a highly developed country.
Bahrain
Manama, the capital of Bahrain, is an appealing location for most people. As a Middle Eastern country, there are plenty of opportunities at your disposal. Despite being on the other side of the globe, you won't have the feeling of being so far away from the Western world.
Am I eligible to apply?
Similar to its neighbour, the United Arab Emirates, Bahrain has several commodities to offer and a business environment that can be quite profitable. To be a part of their residency by investment program you would have to achieve some of the requirements below.
To start this program, depending on your passport, you may need to apply for a specific visa type to enter the country. Luckily, the process is typically very straightforward if you have your documents sorted.
Then after you’ve obtained your initial visa, all you need to do is make your investment to get Bahrain’s residence permit. For the low price of USD 135,000, you can buy a property and receive a permit.
Are there any benefits for me?
This residence is still very new on the market, which provides entrepreneurs with a great opportunity to make their investments and reap the benefits in the future.
If you have a family and are questioning whether it's worth relocating to this location, the answer is yes since it is not yet too commercialised, Bahrain has that lovely feeling of familiarity. If you enjoy Middle Eastern culture, and the desert oasis experience, Bahrain can offer it to you.
In addition, the property is still quite cheap compared to its surrounding countries. We believe it is a great option not to be passed up.
So, if you are interested in finding out more about the pathway to residency through investment in Asia, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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