While residency programs offer clear benefits, many applicants fall into traps that delay or derail the process. This guide outlines frequent errors and how to avoid them.
5 Common Pitfalls
- Working with unlicensed agents
- Incomplete or incorrect documentation
- Failure to check tax status or reporting duties
- Buying poor-quality or overvalued property
- Assuming residency equals visa-free travel everywhere
How to Avoid Them
- Work with licensed advisors
- Understand the country’s legal residency vs. tax residency definitions
- Validate real estate valuations independently
- Keep official government sources bookmarked
FAQ:
Q1: Should I use a migration consultant?
A: Yes, but only firms with a track record and government recognition.
Q2: Can my application be denied?
A: Yes. Criminal records, false documents, or insufficient funds may lead to rejection.
User Comments:
“I was nearly scammed by a fake ‘citizenship consultant’—do your homework.” — Eric D.
“My real estate agent tried to upsell me unqualified property. I walked away.” — Nora B.
Editor’s Note:
Residency planning is not just paperwork—it’s due diligence, strategy, and long-term vision.
Tags: residency-mistakes, golden-visa-pitfalls, due-diligence, rbi-risks
