golden visa spain advantages - presentation

De Micco & FriendsGlobal Family Office

GLOBAL RESIDENCY... more than a strategy

Golden Visa 2017


Project Mission

1 DE MICCO & FRIENDS GROUP

2 THE PROGRAMS

3 SELECT THE BEST LOCAION

4 GOLDEN VISA SPAIN

5 HOW TO APPLY

6 GLOBAL RESIDENCY - MORE THAN A STRETEGY

Global Residency


Project Mission

1 De Micco & Friends Group - Services

Auditors / tax advisors Audit Tax Accounting

Lawyers, attorneys

De Micco & Friends

Full-Service-Law Firm

Local and international law Real Estate law Company law Merger & Acquisitions Capital maket transactions Tax law Family law Litigation, arbitration Crime law…

Consulting Family Office Services Wealth structuring Business consulting


Project Mission

1 De Micco & Friends Group – Company Facts

Represented in 18 countries with branches and associated partners

More than 400 associated lawyers , auditors and consultants

About 5,000 international clients from all over the world

Lawyers and Auditors

Headquarters in Europe (Spain), Switzerland and UAE (new)

Total asset of clients (funds, private equity investments and properties) 60 BN US$

Managed and administrated by D&F 4,3 BN US$*

Global Family Office

(*by Oct. 2016)


Project Mission

1 De Micco & Friends Group – Asset location of clients

(*by Oct. 2016)

Europe

USA

Asia

China

Latin America

Rest of the world


Project Mission

Global Residency – A life philosophy


Project Mission

2 Global Residency – THE PROGRAMS

Some European and Caribbean countries offer Golden Visa Programs for private investors (and donators)

(first or second) residency Free traveling to Euro zone, USA, Canada and China Family members included No (or limited) local tax obligations (stay with non-resident status) Unlimited residency after a period Citizenship with passport after a period Green-card (USA)


Project Mission

3 Global Residency – CRITERIA AND LOCATION

Main questions for applicants:

How are the criteria and concrete contents of each program? How much is the investment and the costs? How safe is the investment? Which is the right location to apply? Looking for a long-term or short-term solution? Where applicant needs to travel


Project Mission

3 Global Residency – CRITERIA AND LOCATION

Most common Motivations

Free and independent traveling Alternative back-up for applicants and family in the future International investments- and risk diversification Opening Business Opportunities Family, friends, education


Project Mission


Investment forms and volumes for Golden Visas:

Business setup (active business); 200-500 K Investment in local companies; 1M (Spain) Investment in properties; 300K – 3 M Mixed investments in properties and bonds 5,6 M Investment in State Bonds; 300-500 K ◄ Exit: 100% repayment - Returns of investments: 2-10 %

“Investment”- volume Golden Visa Caribbean countries: “Donation” 100 – 500 K ◄ Exit: 0% repayment - Returns of investments: 0 %


Project Mission


Country Investment Appl.-Time Citizenship Mobility INVEST $ COSTS TOTAL

Spain Property 2-3 Months 10 Years Schengen 500,000 70,000 570,000

Spain Business 3-6 Months 10 Years Schengen 100,000 20,000 120,000

Portugal Property 2-3 Months 5 Years Schengen 250-500,000 40,000 290,000

Malta Bonds+prop. 3-6 Months 5 Years Schengen 1,2 M 90,000 1,29 M

Hungary Bonds 1-3 Months 8 Years Schengen 300,000 75,000 375,000

Bulgaria Bonds 6-12 Months 3 Months Schengen 1,1 M 60,000 1,16 M

Cyprus Bonds+prop. 3 Months 4 Months Schengen 5,5 M 90,000 5,59 M

United Kingdom Bonds 3-6 Months 3 Months Schengen 2,0 M 90,000 2,09 M

Dominica Property 2-3 Months 9 Months US, Europe 200,000 50,000 250,000

Antigua Barbuda Property 3 Months 3 Months US, Europe 400,000 60,000 460,000

Canada Quebec Bonds 36 Months 3 Years US, Europe 800,000 60,000 860,000

USA Business 12 Months 6 Years US, Europe 500,000 60,000 560,000

Grenada Business 12 Months 5 Years US, Europe 500,000 60,000 560,000


Project Mission

3 Global Residency – Which location?

Criteria “hard facts” for a location

Investment volume and costs Return of investment Investment exit strategies and time Investment protection (legal safety!) Local economic situation, stability, safety! Time of application (3 – 12 Months) Family members included? Permanent residency possible? How? When? Citizenship possible? How? When?

The right location depends by very individual needs and facts


Project Mission

3 Global Residency – Which location?

Criteria “soft facts” for a location

Personal motivations, languages, family/friends Local cultural offers, education institutions, lifestyle, climate Medical support Working oportunities Business opportunities or existing relations Tax advantages Costs of living


Project Mission


Project Mission

3 Global Residency – WHY EUROPE?Gross Domestic Product Europe/US/China/India 2015


Project Mission

3 Global Residency – Locations and Criteria

Most common countries in Europe

Portugal Spain Malta Cyprus Bulgaria Hungary Greece


Project Mission

4 Global Residency – SPAIN

Selectable investment forms Spain

■ Investment in Real Estate assets (500,000 €)

■ Shares in Spanish companies (1 million €)

■ Public debt (2 million €)

■ Business projects (company setup) in Spain considered being of general interest (100-200 K €)


Project Mission


Benefits and contents Spain

■ The Golden Visa authorizes to live, work or study in Spain with no further authorization. ■ Right to renewal, provided the investment is held. ■ No minimum period of stay. ■ The Spouse and underage children are allowed to obtain the residence permit at the same time. ■ Second residence in one of the most attractive countries worldwide. ■ Legal and civil security in a country within the European Union. ■ Easy annually renovation process. ■ Residence holders are authorized to work in Spain with no further authorization needed. ■ Permanent residence permit after 5 years and citizenship after 10 years.


Project Mission


Benefits and contents Spain

■ Minimum investment of 500,000 Euros in Real Estates. Starting from this figure a part can be financed through a mortgage. ■ Alternatively investment in a Spanish company with 100% risk covered guaranty and high return of investment (4-8 %). ■ Have a “pied-à-terre” in a safe country and extraordinary cities like Palma de Mallorca, Marbella, Barcelona or Madrid which allows you to travel anytime. ■ The status of Non-Resident relating to payable taxes in Spain is maintained. ■ Investing in a property in Spain, a real estate market with great potential for revaluation in the future and a high return of investment. ■ Enjoy legal and civil security in a country of the European Union with a high stability and a great growth potential. Spain is the only Golden Visa country which is listed in the Top 15 of the worldwide GDP ranking!


Project Mission

4 Global Residency – Locations and CriteriaGDP outlook 2016-2020 Nominal (billions of $) (source: International Monetary Fund)

2016 share Rank 2020 Rank 2016 share Rank 2020 Rank 2016United States 18,561.930 24.7 1 21,927 1 18,561.930 15.6 2 21,927 2 1.000

China 11,391.620 15.1 2 16,458 2 21,269.020 17.9 1 29,348 1 1.867

Japan 4,730.300 6.29 3 5,506 3 4,931.880 4.14 4 5,483 4 1.043

Germany 3,494.900 4.65 4 4,008 4 3,979.080 3.34 5 4,583 5 1.139United Kingdom 2,649.890 3.52 5 2,928 6 2,787.740 2.34 9 3,244 9 1.052

France 2,488.280 3.31 6 2,851 7 2,736.720 2.30 10 3,185 10 1.100

India 2,250.990 2.99 7 3,297 5 8,720.510 7.32 3 12,842 3 3.874

Italy 1,852.500 2.46 8 2,046 9 2,220.580 1.86 12 2,518 12 1.199

Brazil 1,769.600 2.35 9 2,214 8 3,134.890 2.63 7 3,631 8 1.772

Canada 1,532.340 2.04 10 1,856 10 1,674.310 1.41 16 1,973 17 1.093

Korea 1,404.380 1.87 11 1,747 11 1,928.620 1.62 13 2,373 13 1.373

Russia 1,267.750 1.69 12 1,698 12 3,745.080 3.14 6 4,309 6 2.954

Australia 1,256.640 1.67 13 1,574 13 1,188.760 0.998 19 1,454 20 0.946

Spain 1,252.160 1.66 14 1,457 14 1,689.710 1.42 15 1,992 16 1.349

Mexico 1,063.610 1.41 15 1,325 15 2,306.670 1.94 11 2,800 11 2.169

Indonesia 940.953 1.25 16 1,274 16 3,027.830 2.54 8 4,119 7 3.218

Netherlands 769.930 1.02 17 893.2 18 865.908 0.727 27 1,013 29 1.125

Turkey 735.716 0.978 18 912.5 17 1,669.890 1.40 17 2,072 15 2.270


Project Mission


Special package with highest flexibility and safety

Some Golden Visa clients are not interested in a long-term property investment. They ask for a more flexible, riskless investment with fast exit opportunities.

In co-operation with Spanish banks and private investors SELFIBA offers an investment to Golden Visa applicants which covers these needs.


Project Mission


SELFIBA REAL ESTATE INVESTMENTS SELFIBA is a private, Spanish and full regulated company which invests in undervalued properties, delivered by banks and property owners in special situations. The total investment volume of SELFIBA is 100 M Euro. As SELFIBA buys properties for less than 50% of the market values, the net-profit per project is between 15 and 40%. De Micco & Friends takes care for legal and audit. Please learn more about the business concept at www.selfiba.com.


Project Mission


SELFIBA REAL ESTATE INVESTMENTS

INVESTMENT FORM AND CONDITIONS ■ Minimum investment (for Golden Visa application): 1 M Euro ■ Full (anonymous) shareholder of the Spanish company (SA) with all shareholder rights ■ No operative responsibility for shareholders ■ Interest rate between 4 and 8 % p.a. ■ Out-payments of annually interest rates to any country ■ Full risk covered investment by leading Spanish banks and registered property rights ■ Annually exit guaranty with a cancelation time of 2 Months without penalty fees ■ Tax free repayment of the net investment


Project Mission

5 Global Residency – HOW TO APPLY

Application at consulate and local immigration authorities

Proof of investment (must be done before application) Verification (notarisation) of all documents Filling of application forms

Time frames (after investment)

Business setup: 3-9 Months Investment in properties: 1-3 Months Investment in local companies: 2-3 Months Investment in State Bonds: 2-4 Months


RENOVATIONANNUALLYMANDATE TO LAWYER 1 3 6

Company Investment

5 Global Residency Timeline, Investment in Company and Real Estate

Property investment

1. Application Spanish Reg.- Number (NIE)10-20 days

2. Deposit of investment on trust account15-20 days

3. Payment and Signing shares, notarization, POAs5 days

4. VISA APPLICATION PROCESS1-2 Months

2. Deposit of investment on trust account15-20 days

1. Application Spanish Reg.- Number (NIE)10-20 days

2. Research for property

1-3 Months

3. Due diligence, Property purchase2-4 Weeks

5. VISA DELIVERY TOAPPLICANTTotal: 3-4 Months

4. VISA APPLICATION PROCESS1-2 Months

5. VISA DELIVERY TOAPPLICANTTotal: 3-6 Months


Project Mission

5 Global Residency – HOW TO APPLY

Each case is different!

Global Residency Analysis Each case and each life plan is different. An individual analysis which respect the personal plans, the family situation and all business aspects is strongly recommendable.

■ Analysis of personal needs and situation■ Family situation, children education plans■ Property and investment research■ Property and investment Due Diligence■ Assembling of all documents for the application■ Representing of applicant by power of attorney■ Fillings, notarizations and application■ Delivery of golden visa, residency or citizenship


Project Mission

6 Global Residency – MORE THAN A STRATEGY

A term that reflects the spirit of the times, a way of life and the personal vision of people.

Global Residences are those personalities who have the power to control their life by joining a selected place and who are capable to provide a safe and sustainable future to their families.


Project Mission

6 Global Residency – MORE THAN A STRATEGY

Last but not least,

highest flexibility and independency,

opens future opportunities for the family in a daily changing world.


De Micco & Friends

Headquarters Europe

Av. Joan Miro 18807015 Palma de MallorcaSpainPhone: +34 871 955 077eMail: [email protected]

Presented by

Luigi Carlo De MiccoCEO, president

eMail: [email protected]: www.demicco.ch

More branches & Partners

UAE (Dubai), Iran, Syria, Egypt, Turkey, India, Somaliland, South Africa, Cyprus, Russia, Ukraine, Malta, Bulgaria, UK, Italy, France, Germany, Switzerland