Buying real estate, transferring funds, or forming a firm are just a few of the procedures and routes involved in the Golden Visa application process for EU citizenship. Usually, applicants must commit a substantial sum of money to one of these initiatives. The investment amounts can range from €250,000 to €500,000, depending on the nation. Some capital transfer possibilities include sending money to approved investment funds or government bonds, but company registration necessitates forming or investing in a firm that satisfies certain requirements.
Top Countries for EU Residency and Citizenship by Investment
We have compiled information for you on citizenship or residency through investment programs that have been on the rise recently in Europe.
Greek Golden Visa
One of the most popular choices for European residency by investment programs is the Greece Golden Visa.
As international mobility and investment opportunities abroad become plan B options for many investors, the Greece Golden Visa stands as one of the favorites with high demand. As of early 2024, some revisions were made to the program by the Greek Government, representing a potential change for possible investors. With this change, the investment amounts required from investors have been increased regionally.
There is no citizenship by investment plan associated with the Greece Golden Visa program. However, if you fulfill certain requirements, you can qualify to apply for Greek naturalization after seven years.
Portugal Golden Visa
There are several reasonably priced investment choices available for getting a residence visa through the Portuguese Golden Visa. One of the main advantages is that the minimum requirement is only seven days per year in Portugal. Thanks to this program, you can enter the Schengen states without a visa, which further increases your freedom of movement throughout Europe.
It is possible to acquire Portuguese citizenship in five or six years. Portugal is renowned for being a cost-effective, safe, and secure nation with first-rate infrastructure, a great climate, first-rate health and educational institutions, and a good standard of living.
Spain Golden Visa
In particular, the Spain Golden Visa Program is an excellent choice for non-EU citizens who wish to pursue their professional or personal aspirations in Europe. It enables you to live, study, and work in Spain and has the potential to lead to citizenship and permanent residency in the future. Through this residency by investment program, you can apply for permanent residency after five years of temporary stay. If you meet specific requirements, you can seek citizenship through the naturalization procedure after ten years of permanent residency.
Italian Golden Visa
The Italy Golden Visa program aims to attract foreign direct investment while offering its holders numerous advantages. After ten years, you can apply for Italian citizenship and benefit from a special tax regime. You can also include your family in your application and enjoy free travel within the Schengen Zone. This visa allows you and your family to work in Italy and access the national public healthcare system. Moreover, the Italian investor visa application process is simpler and faster than other European programs.
What distinguishes permanent residency from a residence permit
A resident permit is a short-term permit that lets you stay in the country for a predetermined time. It frequently has to be renewed and might be subject to restrictions. Conversely, having permanent residence gives you the freedom to dwell in a nation for as long as you like. Although they have access to healthcare and education and share many other rights with citizens, permanent residents are not eligible to vote or get a passport from the nation.
What is the Price of Obtaining European Citizenship?
A minimum of €500,000 qualifying fund investment is necessary in Portugal. Real estate investments of €500,000 are required to be eligible for Greece’s Golden Visa Program. The Maltese Citizenship program accepts investments between €700,000 and €1,460,000 as qualifying investments. The Golden Visa Program of Spain provides several choices: Real estate worth €500,000, Spanish government bonds worth €2 million, or shares in Spanish corporations valued at €1 million. Italy has set criteria of €2 million for government bond investments, €500,000 for limited companies, €250,000 for creative startups, or €1 million for charitable contributions. These expenses may change depending on the particular investment program or fund in each nation. By making these investments, you can obtain residency or citizenship.