When it comes to investing in residency or citizenship abroad, we’re your experts.
Real estate investment and your advantage
Global Citizen Solutions has years of experience in property investment and can leverage local connections to ensure correct reviews have been carried out, which is a key requisite for foreign buyers who are not necessarily familiar with the market in which they are investing. Our team provides a personalized service to each client, relying on statistical data from market transactions, real estate intelligence and the support of a wide network of trusted partners.
Having an expert on-hand every step of the way to advise you on the necessary contracts and legal obligations will prevent you from making what could be a costly misstep. It also means you know exactly what to expect, as tax and legal technicalities can vary widely depending on the market and your specific financial circumstances.
Taxes on real estate transfer exist in almost every country and are usually charged as a percentage of the purchase price. This is part of your investment cost and must be factored in before the investment.
Annual property tax
An annual tax for ownership of property is common in most countries in Europe. One notable exception is Malta, which does not tax owners for their property after the initial purchase.
Local inheritance laws
Local inheritance laws and gift taxes must also be considered in the property purchase since they are core components of a comprehensive residency investment plan. In-depth knowledge of local inheritance laws is necessary, as the specific requirements can be difficult to interpret depending on individual circumstances. Spain, for example, has a progressive inheritance tax which is calculated as a percentage of the inherited property. In contrast, Portugal does not impose any inheritance tax on its citizens.
Equally important are mandatory inheritance laws, in which immediate family members (usually the spouse, and then children) are obligatory inheritors. Depending on investors’ official residency and citizenship, some countries may apply the inheritance laws of the country of origin. The complexity of the interpretation of inheritance and gift tax laws means that it’s essential for investors to seek local advice from an expert before making a property investment.
Capital gains tax and property sale taxes
When investing in foreign property, it’s important to consider not just the terms of the purchase of a property, but also the sale. Capital gains tax can be up to 50% or more in some countries in Europe, and the percentage that you pay can also depend on whether you’re a resident or not in the country. Changes in legislation can occur after your purchase, but it’s important to have a clear understanding of the terms of the sale and the taxes investors may incur.
Citizenship and residency restrictions
Residency and citizenship rights are not the same in every European country, and the entitlements you may receive from the investment varies from program to program. For this reason, it’s important to consider whether residency investments allow access to the Schengen zone, and what type of visa and freedom of movement agreements the country has with other nations around the world. Some passports in Europe are more powerful than others when it comes to travel and business agreements, and this should always be factored in your decision.
Tax planning will always be a key priority when making residency investments. We find workable solutions that fit your unique circumstances and desired investment.
Pick a licensed investment firm
When you’re ready to commit to investing in a property through an investment firm, it’s important to choose one that’s government-licensed to operate. Global Citizen Solutions is an accredited firm in property investment and holds forth a unique license number.
We have a trusted network of local professionals working across services to fulfill your needs.
With years of market knowledge under our belt, we have the insight and data to ensure you make the right decision.
Legal and tax assistance
We are partnered with lawyers who are experts in residency and real estate investment, ensuring you have appropriate legal assistance every step of the way.
Our prices are transparent and competitive so you always know the value of our services.
Save time and money
We create a portfolio of properties to suit your requirements and use Prop Tech to book appointments and arrange viewings, remote or in-person.
We work for you
Unlike realtors, we work only in your interest, meaning, you'll always get the best deal.
Our commitment to you
At Global Citizen Solutions, we work solely on your behalf. We are dedicated to providing a specialized service to each of our clients with the knowledge that comes with years of expertise, as well as access to a proprietary database of market information. We give the insight and data analysis to allow our clients to make investments with confidence.