Citizenship by. Internationalising yourself, your wealth and your business. Investment

Transcription

1 Citizenship by Internationalising yourself, your wealth and your business Investment

2 Our Presentation Introduction Sable Forex UK Investment & Entrepreneur Visas Golden Visa Portugal Q&A

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4 Our Businesses Internationalising yourself, your wealth and your business Forex Transfer of one currency into another Wealth Safe-keeping and managing your wealth in the UK Accounting & Tax UK company formation, accounting and tax returns Immigration Immigration and family visas to the UK and Australia Citizenship British, Irish and Portuguese citizenship applications

5 Citizenship and Immigration Seminars Johannesburg: Mon, Tues & Wed Cape Town: Thurs, Fri & Sat Claims to British Nationality Children under 18 Relocation to the UK and Australia Citizenship by Investment

6 Sable Forex 21 yrs 60k 140, m Years of experience Registered clients Transactions per year Annual transfer turnover (R2.3b)

7 Investment Secrets Moving your money out of SA Exchange Control and current capital allowances for individuals: Residents vs non-residents R1m discretionary and R10m capital investment SARS processes and Foreign Tax Clearance More than R10 million special clearance Non-resident bank accounts Money Migrate South Africans selling up and moving out

8 The Rand s bleak outlook The rand is affected by South Africa s structural problems. Business vs. government Militant labour Decreasing tax base Low productivity Commodity slump Emerging market risk The rand will continue to devalue as long as we don t create long term solutions for capital.

9 Two drivers: Fundamentals (LT) and sentiment (ST) Patterns of sentiment in May showed us a move above R15.52/ $ (hit R15.98 on 20 May) before dropping to R13.50 this past week. Magic? No, just human nature. Rand analyst: James Paynter

10 Investment secrets Things to consider when investing offshore Does your forex provider have an established track record? How much capital are you personally allowed to move out of the country and is your money ready to move? Tax implications between SA and the offshore jurisdiction? Income Tax Capital Gains Tax Are you buying from a reputable investment company or property developer?

11 Why use Sable International? Over 20 years experience South Africa, London, Lisbon, Australia and Hong Kong Full risk mitigation ensures your funds are secure Sable Forex conducts all business according to the laws and regulations and codes of conduct imposed by these regulating bodies namely FSB, SARB, FIC (SA), FCA in UK and ASIC in Australia

12 UK Investment and Entrepreneur Visas Presented by Gary Kockott Managing Director Sable International (SA)

13 Why invest in the UK? Free market economy Stable governance and rule of law International finance institutions Global education standards English language Quality of life Safety and security

14 Two primary UK investment visas available 1. Investor Visa ( 2m - R34m) 2. Entrepreneur Visa ( 200k R3.4m)

15 The UK Investor Visa Investment of at least 2m (R34m) in UK Government Bonds or equity of active UK companies 185 days residence per year Permanent Residency after 5 years 3 years if 5m, 2 years if 10m

16 The UK Entrepreneur Visa Investment of at least 200k (R3.4m) in a business start-up or existing UK business Must be an active director in the business Create 2 new jobs in the first three years Permanent Residency after 5 years

17 Our Bespoke Entrepreneur Visa solution Partnered with InvestUK Match SA entrepreneurs with database of unlisted UK companies looking for investment Obtain the Tier 1 Entrepreneur Visa

18 What does the program include? Immigration advice and visa application Access to database of pre-qualified investment opportunities Business plan and investment proposal Corporate, legal and accounting services Monitoring and mentoring of the business Wealth management Ancillary services (airport transfers, educational advice and property search)

19 How do you obtain UK Citizenship? Initial 3 year visa (main applicant and dependants) Extension for further 2 years Must spend at least 185 days in the UK each year Indefinite Leave to Remain (ILR) granted after 5 years Naturalisation as a British citizen after further 12 months if: Continuously resident in the UK for 5 years (no more than 450 days absent over that period) Not spent more than 90 days in the past 12 months outside the UK Passed the Life in the UK Test

20 Who is likely to be interested? Have 200k (R3.4m) in net wealth You (and your family) want to emigrate to the UK Immediate employment and income in the UK

21 Investing in Portugal Residency and Citizenship Presented by Andrew Rissik Commercial Director Sable International

22 Why Portugal? - Clients looking for a feasible Plan-B - Portugal is part of the EU - Residency falls into existing immigration law in Portugal and EU - Government-approved program - Ease of travel in Schengen Europe

23 Golden Visa Portugal Allows non Europeans to qualify for European residency through investment The Portuguese government introduced this program to boost their economy as well as increase tourism in Portugal. 3,800 visas being approved since 2012

24 Qualifying Investment Options 1. Purchase property with a minimum value of 500, Maintain a minimum 1m capital investment 3. Establish a Portuguese company employing 10+ people 2,1b invested in real estate 232m invested as capital

25 Qualification Requirements Non European nationals Clear criminal record Funds transferred from an account in the name of the main applicant.

26 Our Team in Portugal Sable International has a local team of specialists in Portugal Partnered with the best professionals (locally and in Portugal) Our attorneys have successfully submitted more than 1,500 applications of the 3,800 successful applications to date

27 The Process Make the investment Submit the application (taking 6-10 months) Temporary residency for 1 year You (and your family) renew for a further 2 years (twice) At submission and renewal, all applicants need to be present in Portugal to complete biometrics

28 Benefits Visa free travel throughout the Schengen area (excl the UK) No requirement to live in Portugal permanently total of 35 days in 5 years Foreign currency asset, a Rand hedge Potential route to Portuguese/EU nationality Applicant may include their dependents in the Golden Visa: Spouse/unmarried partner Minor children under the age of 18 Adult dependent children in full time studies

29 Permanent Residency Qualify for Permanent Residency after 5 consecutive years as a temporary resident

30 Portuguese Citizenship Portuguese law allows you to qualify for Citizenship provided you have: Held 6 years of residency Met the language requirement (at B2 level) Embraced Portuguese culture Maintained a clean criminal record

31 A Turnkey Solution Initial family structure assessment Fast track Schengen visa application Concierge service in Portugal Opening Portuguese bank accounts and tax number Foreign exchange service and SA Reserve Bank approvals Managing property acquisition process Introduction to property rental and management Residency applications and renewals for 6 years Making your citizenship application

32 LISBON CASCAIS

33 Investment Credentials Local Partners - Developers - Real Estate Agencies Fairly priced Able to generate rental income Easy exit

34 Lisbon

35 A Lisbon Investment Very competitive pricing Selling rates per sqm well below other large Western European cities Little new development during the last 20/30 years Large scale regeneration Abolishment of rent control laws

36 30 luxury apartments on Portugal s most prestigious Avenue Original classic architecture Private gardens and terraces Private facilities: Porter, 24/7 concierge service, SPA, indoor swimming pool, gym 1-3 bed available From 625k

37 The Property Market Price per sqm in the city (residential) (EUR thousand / sqm) Avg.: 6.800/m Londres Paris Roma Estocolmo Milão Dublin Amsterdão Berlim Madrid Barcelona Bruxelas Lisboa Atenas Source: - September 2015

38 The Property Market... and with almost the best rental returns 6% 5% Rate of return on income (Residential, City Centre) (%) +28% Avg.: 3,8% 4% 3% 2% 1% 0% Bruxelas Amsterdão Lisboa Dublin Madrid Atenas Barcelona Berlim Roma Milão Londres Estocolmo Paris Source: Setembro 2015

39 Cascais / Estoril

40 From 550k Rental 1,800 pm Monthly costs 400 pm

41 Cape Town: 27 (0)

42 We hope you enjoyed our presentation