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Go Back   SailNet Community > General Interest > General Discussion (sailing related)
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  #21  
Old 01-04-2007
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You know, to follow jones comment and just here-say (no, I do not know this for sure), but I have heard that almost all countries will allow permanent residency if you can show a minimum 1 Million in assets?

Again, this is totally here-say... I am not suggesting that is the case.

Anyone heard that? England was one of the countries mentioned... but I cannot verify.
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  #22  
Old 01-04-2007
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CD, I don't keep track of which, but yes, there are many places with laws openly on the books that say if you've got xxx in dollars (pounds, whatever) they'll be glad to have you. It means you can contribute to the local economy and won't be on the dole, and that's certainly no worse than letting tourists in.

Doesn't mean you get citizenship or a vote, that will also vary.
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Old 01-04-2007
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I could see living in Portugal for the wine, but why would one live in England ... for the sex? How much can ya get for a million?
Anyway, might be an interesting subject for another thread. If you couldn't live and sail from US ports, where, in your opinion would you choose to live?
I did say another thread!
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Old 01-04-2007
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CD...I know that is true for the Bahamas....
An investment in real property is necessary to be considered for annual residency and investments over $500,000.00 for permanent residency.
To obtain an annual residency card you must make application to Immigrations, you will need to present evidence of financial independence (hence you do not need to produce an income to survive - mandatory); be prepared to submit signed letters from your local Bahamian bank of your average amount of deposits on hand, you must present proof of good and upstanding character. This can be presented in form of personal recommendations from judges, politicians, government officials as well as clergy and charity organization leaders who know you and can make a positive declaration on your behalf. You will also need to submit a police certificate evidencing that you have a clean criminal or arrest record and are considered an upstanding citizen in your local community (your local law enforcement department will understand the nature of your request when you present it to them) You will need to submit two passport photos with your application and a $25 fee for processing (non-refundable). You will be interviewed and if meeting acceptance upon approval you will need to pay $500 for annual residence, which can include your spouse and dependents. You will not be granted residency under these circumstances unless you are a homeowner or investor or spouse of a citizen.
Permanent Residency requires much of the same but furthers the financial information required to speak for itself that not now or in the foreseeable future would you require a position to receive income to continue your residency here.



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Old 01-04-2007
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I checked out the Australian immigration rules and it is 100k there, as I recall. You still have to pass other regs. They seem pretty stringent. Not just money, but age and career play a role. Seems like if you are over 40 or 45, it can be difficult. They also seem to like science degrees, engineers, and biochemists.

I think I heard England is a million. THe rate housing has gone up there, I am not sure that is going to as far as it used to. Might not even buy you a cottage in London.
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