Portugal has proved to be the most popular destination in Europe for investors seeking a golden visa. Full residency is granted but there is no requirement to reside. Citizenship can be applied for after six years.
The Portuguese golden visa is a central feature of the government’s drive for international investment. With the country returning to growth the real estate market offers exciting prospects for the years ahead.
Cyprus offers citizenship for investment levels of €2.0 million in real estate which is one of the big attractions of this programme. A Cypriot passport allows freedom to travel, study, work or live throughout the European Union.
Cyprus also offers residency through investment of just €300,000 allowing full family qualification. The investor visa is flexible with no requirement to live in the country.
Spain is a firm favourite for many clients considering real estate investment to obtain a golden visa. One of the larger economies in Europe offering an investor visa programme.
Invest from €500,000 in real estate to gain the Spanish golden visa. This provides a flexible residency option. Permanent residency and citizenship can be applied for at a later stage subject to certain stipulations.
Greece offers a residency visa through property investment but eventual citizenship is not available to foreigners. Greece is a member of the EU Schengen visa zone and has no minimum stay requirement.
Prospective investors need to carefully consider the status of the economy in Greece, the real estate market and related property taxes. Greece offers a higher risk investment than other European nations.
Malta offers an Individual Investor Program which is appropriate for our very high net worth clients. In addition to committing to a residence in Malta for five years the scheme requires investment in government approved funds and instruments.
The Malta visa scheme leads to citizenship within one year for suitable applicants, a passport from an EU country and hence the freedom to live anywhere within the EU. The total investment required is typically in excess of €1.2 million.
The citizenship by investment programme for Grenada is one of the newest programmes available to investors. The Grenada passport offers visa-free travel to over 70 countries including the UK.
Grenada offers a low investment threshold. Applicants need invest just $250,000 in a government approved real estate project and maintain the investment for at least 4 years.
The citizenship by investment programme for Antigua and Barbuda provides a second passport to investors offering visa-free travel to over 100 countries including the UK, EU Schengen zone and Canada.
There are several options for investment to gaining citizenship in Antigua including real estate investment of a minimum $400,000.
The St. Kitts & Nevis Citizenship by Investment Program is the oldest of its kind in the world. Established in 1984 the program grants citizenship through real estate investment to qualified applicants.
The government requires investment of $400,000 plus related government and due diligence fees. St Kitts offer visa free travel to over 120 countries. An ideal choice for a second passport.
The new golden visa programmes in Europe have made it possible to get residency and citizenship through investment in real estate. Countries such as Cyprus, Spain, Portugal, Greece and Malta now offer this attractive benefit to high net worth invdividuals who invest in property in these countries.
We have highlighted below a brief description of the opportunity in each country along with the basic requirements such as how much to invest. However, for a full understanding of these options please contact one of our consultants.
Cyprus offers two programmes, one for permanent residency and one for citizenship. The residency programme requires an investment of €300,000 in real estate. For citizenship and an immediate second passport investment of €2 million is required. Both programmes are flexible for family qualification allowing parents, grand parents and children to qualify.
Portugal offers a residency scheme through investment of €500,000 into real estate. This programme grants temporary residence to the investor and their family providing the investment is maintained and renewed every two years. After five years applicants can then apply for permanent residence and after six years for citizenship and a passport.
The Spanish golden visa programme requires investment of €500,000 into property. Applications are processsed quickly and residency can be gained in a matter of months. For citizenship investors and their families need to live in Spain for a minimum of 10 years.
The cheapest residency investment programme currently available in Europe is that of Greece, requiring investment of just €250,000 in real estate. Flexible rules apply for full family qualification across three generations.
Malta is unique in requiring investment in property and further investment contribution in the form of a government donation. However citizenship and a second European passport is on offer to those investing and waiting the 12 months or so it takes to obtain full citizenship.
Other countries have residency and citizenship investment programmes that are not directly linked to real estate. Contact us for further details on how to apply for and buy permanent residency and citizenship through investment in the UK, USA, Bulgaria, Hungary, Dominica, St Kitts, Grenada, St Lucia and Antigua.