Hong Kong, Hong Kong S.A.R., May 25, 2018 --(PR.com
)-- As well as offering consultation on immigration and assisting parents in finding the best university in popular destinations such as Europe, Canada, Australia and USA, HLG provides advice on alternative channels to dramatically reduce tuition fees by investment through governmental programs in the country of choice.
Although immigration investment is a relatively new concept within the Philippines’ society, parents increasingly see it as a worthy way to help with financial planning for the education of their children. Instead of squandering their money on hefty tuition fees, parents can now reap financial and other travel benefits by funneling the same amount of funds into an immigration investment program. In fact, through the immigration investment program, overseas students are offered a special ‘residence’ rate for tuition fees.
Harvey Law Group has already helped families around the world acquire residency or citizenship and save on tuition fees and long-term living expenses. Families have also enjoyed substantial residential and travel benefits within their country of choice. HLG received the award for Immigration Law Firm of the Year at annual Macallan ALB Hong Kong Law Awards in 2014 and 2017, and hopes to achieve similar success in Philippines in a near future.
Commenting on the Philippines market, Bastien Trelcat, Managing Partner Harvey Law Group said: “I am very confident that Harvey Law Group will continue to grow its local and international client list through proven credibility and word of mouth referrals. Our network of business partners in Asia and the Middle East are helping to facilitate a bridge between Philippines and international ventures looking to invest in Philippines. Immigration investment for education is a relatively new concept in for Filipinos and their family and we have been relentlessly educating them on the benefits of these programs. We are skilled at showing parents that there are many effective ways to invest financially. It is a great honor for us to help show that wise investment decisions can not just benefit one child, but the entire family.”
USA offers a fast track to permanent residency (Green Card) through an investment in a “business at risk” and creating 10 jobs on American soil. The minimum investment is currently set at USD500,000 but is expected to double to USD1,000,000 by the end of the year. US Citizenship can be applied for after 5 years.
Canada Start-Up Visa
Paths to Canada permanent residency are taking longer and longer (minimum 3 years) except for the Start-Up Visa program (SUV). Under the SUV Program, the applicant can obtain a work permit and a permanent residency in less than a year if he or she finds a commitment from a duly approved incubator to implement an innovative project in Canada. The minimum cost of incubation programs starts at CAD 300,000 (approx. USD 235,000). Canadian citizenship can be granted after holding the permanent residence for at least 3 years.
Australia grants a 4 years visa qualifying later for permanent residency with an investment starting at AUD1,500,000 (government bonds) and up to AUD5,000,000 (stock market, funds etc.). Australian citizenship can be applied for after 5 years.
Applicant willing to set-up a business in the United Kingdom with at least GBP200,000 can obtain a resident visa for almost 4 years and later apply for a Right to Settle (permanent residency). A non-entrepreneurial option (investment into financial products) starts at GBP2,000,000. British citizenship can be applied for after 6 years.
What is extremely important to notice is that by being considered resident or permanent residents, investors are no longer considered as “foreigners” and their children do not longer have to pay fees imposed on “international students”: a family moving overseas under these programs will mostly enjoy the same rights and benefits as any American, Canadian, Australian or British citizens. This translates into, when it comes to tuitions fees, saving tremendous amounts on children’s education (approx. USD15,000 to USD25,000 per year in Canada for instance).
Harvey Law Group (HLG), a leading multinational law firm specializing in corporate law and mobility, has increased its operations in Philippines in order to help local and international clients to facilitate the mobility of people, investment and enterprises.