Permanent Residency

May 3rd, 2015   •   no comments   

It is now possible to gain permanent residency through investment in a European country without the need to live there and become tax resident. Countries offering permanent residency visas through investment include Spain, Portugal, Cyprus, Greece Hungary, Bulgaria and Malta.

Permanent residency gives the right to live in a country and is distinct from citizenship whereby a second passport can be gained. In Europe there are several countries offering temporary residence that later leads to permanent residency (PR) or alternatively permanent residency outright from the point of investment. In all cases where the applicant invests either in real estate or government bonds, there is no requirement for the applicant to reside in the country but they have the right to do so if they wish. There are also four Caribbean countries offering permanent residency as part of their citizenship programmes. They include St. Kitts, Antigua, Dominica and Grenada.

European Permanent Residency By Investment

Permanent Residency Portugal

Invest €500,000 in real estate plus related costs and taxes to gain residency. After five years applicants and their families can apply for permanent residency in Portugal.

Permanent Residency Spain

Invest €500,000 in Spain to gain residency and apply for permanent residency after five years. Investors have to live in Spain during that time.

Permanent Residency Greece

You can gain permanent residency in Greece through investing €250,000 in real estate. Taxes and fees on property are high in Greece, as much as 27% on top of the property price. Permanent residency can apply to three generations in Greece, that is parents and children

Permanent Residency Hungary

Invest €300,000 in government bonds in Hungary for permanent residency. The bonds pay zero interest and are refunded to the investor after five years.

Permanent Residency Bulgaria

Invest €512,000 into government bonds in Bulgaria to gain permanent residency. Investors can increase this to €1,024,000 to gain fast track citizenship in Bulgaria.

Permanent Residency Malta

Permanent residency through investment in Malta is achieved through the citizenship programme. This requires a total investment of around €1.2 million.

Permanent Residency Cyprus

Permanent residency can be obtained in Cyprus through investing €300,000 in real estate. Applicants can apply for citizenship by increasing this to €3 million.

 

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