The document discusses Golden Visa programs that provide residency or citizenship in exchange for investment. It outlines programs in several European countries like Spain, Portugal, and Malta, as well as some Caribbean nations. It provides details on minimum investment amounts, processing times, benefits like travel access and tax advantages, and eventual citizenship opportunities. The document aims to help applicants understand the various options and select the best location based on their needs and motivations.

1. ... more than a strategy
Golden Visa 2017

2. Page  2
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

3. Page  3
Project Mission
Auditors / tax advisors
 Audit
 Tax
 Accounting
Lawyers, attorneys
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

4. Page  4
Project Mission
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)

5. Page  5
Project Mission
(*by Oct. 2016)
Europe
USA
Asia
China
Latin America
Rest of the world

6. Page  6
Project Mission

7. Page  7
Project Mission
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)

8. Page  8
Project Mission
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

9. Page  9
Project Mission
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

10. Page  10
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 %

11. Page  11
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

12. Page  12
Project Mission
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

13. Page  13
Project Mission
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

14. Page  14
Project Mission

15. Page  15
Project Mission
Gross Domestic Product Europe/US/China/India 2015

16. Page  16
Project Mission
Most common countries in Europe
 Portugal
 Spain
 Malta
 Cyprus
 Bulgaria
 Hungary
 Greece

17. Page  17
Project Mission
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 €)

18. Page  18
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.

19. Page  19
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!

20. Page  20
Project Mission
GDP outlook 2016-2020 Nominal (billions of $) (source: International Monetary Fund)
2016 share Rank 2020 Rank 2016 share Rank 2020 Rank 2016
United
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 1.139
United
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

21. Page  21
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.

22. Page  22
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.

23. Page  23
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

24. Page  24
Project Mission
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

25. Page  25
RENOVATION
ANNUALLYMANDATE TO LAWYER 1 3 6
Company Investment
Property investment
1. Application Spanish Reg.- Number (NIE)
10-20 days
2. Deposit of investment
on trust account
15-20 days
3. Payment and Signing
shares, notarization, POAs
5 days
4. VISA APPLICATION
PROCESS
1-2 Months
2. Deposit of investment
on trust account
15-20 days
1. Application Spanish Reg.- Number (NIE)
10-20 days
2. Research for property
1-3 Months
3. Due diligence,
Property purchase
2-4 Weeks
5. VISA DELIVERY TO
APPLICANT
Total: 3-4 Months
4. VISA APPLICATION
PROCESS
1-2 Months
5. VISA DELIVERY TO
APPLICANT
Total: 3-6 Months

26. Page  26
Project Mission
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

27. Page  27
Project Mission
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.

28. Page  28
Project Mission
Last but not least,
highest flexibility and independency,
opens future opportunities for the family in a daily
changing world.

29. Page  29
Headquarters Europe
Av. Joan Miro 188
07015 Palma de Mallorca
Spain
Phone: +34 871 955 077
eMail: palma@demicco.es
Presented by
Luigi Carlo De Micco
CEO, president
eMail: luigi@demicco.ch
Web: 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