Investing in international real estate can bring about many benefits and one of them is securing second passport. Many residents of North America will invest in overseas property for the sole reason of procuring a second passport, but this is not always possible and it will depend on where the real estate is located. Second passports are also known as economic citizenship passports and they are not always easy to get. One of the most popular places that investors are looking to buy land is in St. Kitts. This is a major tourist attraction and a popular cruise port, so owning real estate in this location will offer the ability to generate large streams of income. St. Kitts is offering a second passport program that is called citizenship by investment. This is only offered to overseas real estate investors.
The second passport in St. Kitts will offer citizenship for life to the property owner, their spouse and 2 dependent children. The great thing about his program is that here is no residence requirement. This means that the real estate investor will not have to visit St. Kitts to apply and there are no requirements for living on the island for any amount of time during the year. The reason many investors are looking to invest to get a second passport is because many of the locations that offer this will help top preserve wealth. For example, in St. Kitts, there are no capital gains, inheritance or wealth taxes. This means that the income that is generated from the real estate will essentially be a profit and this is one of the best ways to secure wealth in the future.
In addition to St. Kitts, Antigua will soon be offering a similar program in which real estate investors will be able to purchase land in Antigua and get a second passport with similar benefits to what is offered in St. Kitts. Many international investors are now taking a closer look at his option as it can save a tremendous amount of money on taxes and it is a great way to protect the investment and ensure that many years of income will continue to be generated without losing profits to taxes.
Added: November 26, 2013 - The Antigua and Barbuda Citizenship by Investment program has passed all levels of government and is not ready for those interested in obtaining citizenship in Antigua and Barbuda. Details for the program can be found by visiting http://antiguaeconomiccitizenship.net.
There are many people who are investing in real estate to build streams of income and have assets. While the majority of people are investing in their native countries, there are some great opportunities for those that are interested in investing internationally by purchasing property abroad. In fact, international real estate could possibly be one of the best ways for any investor to amass quite a fortune over the next 10 years. Since the entire world is experiencing great economic changes, the returns on these types of investments could be enormous. The reason for this is because with a real estate investment, a small amount of money will have the ability to generate massive profits in the long run.
International real estate is also a great way to protect capital. The asset will be real and productive and will also have a use. For many years, the investment in land has been the major choice for those that are looking to secure financial stability in the years to come and with the many investment opportunities overseas, investing has become a perfect way to gain income while increasing assets.
By investing in international real estate, there are a number of benefits. You will retain control of the property and will have the ability to buy, sell, rent or develop. You will also have the unique ability to generate income and cash flows in another currency. For those with an investment portfolio, this is one of the best ways to diversify that portfolio. International real estate is also a great inflation hedge. Since real estate is a hard asset, it will retain value better than any other investment. It is also important to realise that there are multiple uses when investing in real estate overseas. The land that is bought could be rented to vacationers, used for forestry or agriculture or another use.
One of the final advantages to investing in real estate internationally is the ability to travel the world and see different locations. Since you will be the owner of the property, you will always have access to it and can use it for business or personal use. With international real estate investments, the amount invested will often produce returns that are much more than the actual value of the property, especially in developing countries that have increased job forces and become financially stable.
Making a financial investment will take a lot of time and planning and will also require much research to be done. This is especially true when making an investment internationally. Many people will invest in local properties to increase income and generate a cash flow, but international investing can be a bit more risky. Since the owner will not actually be living in or even near the property, there are a number of things to consider when investing overseas. By knowing what to look for, investors will have a great chance at getting a prime piece of property and generating a stream of income for many years.
The first thing to look for is property that is in desirable locations If this is to be used as rental property, it may be best to choose allocation that attracts a number of tourists annually. This is one of the nest ways to earn money from the property. If the area does attract tourists, it will be possible to rent the property steadily for great amounts of income.
Another thing to look for is countries that are growing economically. By purchasing a piece of property overseas in a country that is emerging and evolving, the value of the property will increase over time. If it is not being rented, it can be sold at a higher price than what was paid, resulting in a tidy profit. Always consider the real estate taxes overseas as they will vary. By finding the lowest tax rates in a desirable location, the investment should be quite successful.
Again, since the owner will not be near the property, they will have to travel to make repairs and maintain the property. Another way to accomplish this is to hire a property manager, so it is important to look for these when considering buying overseas. Also make sure the realtor that is involved is reputable and reliable. Many people make the mistake of buying from an owner overseas and this can lead to many problems. It is always best to have a professional real estate agent involved in any international real estate investment to ensure that things go as smoothly as possible.
By looking for these things, investors will be able to locate a property that will be sure to generate income over the years and will increase in value. The key is to choose wisely and make sure the investment will in fact offer returns.