There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. They often come with accompanying travel freedom across the EU Schengen zone. Eventually if permanent residency is undertaken by the investor and their family then citizenship of the country can usually be applied for.
Please note our website remains a guide. Contact our advisors at Pivot Citizenship for up to date information and an assessment for your personal circumstances.
What you need to know
What is Residency by Investment?
Residency by investment or Golden Visas are a category for obtaining residency with a low physical residence required. Approved by the law and coordinated by a government-approved body, these programs offer permanent residency by meeting a prescribed investment requirement of a purchase of a real estate as a way of refreshing the market. While other categories through which one can obtain residency have long processing times and typically have high physical residency requirements, the Permanent Residency by Investment programs usually have a very straightforward process and take up to six months to reach resident status. The ultimate goal of obtaining citizenship is part of the next stage of these programs, but it is not mandatory. The same body executes the application procedure if the citizenship requirements are met.
Why do you need a Residency by Investment?
You most probably already have citizenship of your country of birth or a country where you’re entitled to get citizenship through descent, so why should you need a Residency or Citizenship by Investment?
The European countries that offer residency by investment provide all the benefits that their other residents enjoy. That residency opens doors to new business opportunities, a broader market, better healthcare and education opportunities for you and your family. Additionally, if you proceed to the citizenship stage, you can benefit from visa-free access to 160+ countries while travelling with your new passport.
How do you apply for Residency by Investment?
The law and government-approved bodies manage these programs, and as such, the applications are subject to strict regulation and checks. The Governments built the legislation of the programs to grant an individual without any previous ties to the country the opportunity to gain permanent residency by making an investment which meets prescribed requirements. The obtained residency is guaranteed and recognised by the law; it is permanent and can be passed by descent. The only way to apply for this kind of program is through a Government Approved Agent as Pivot Citizenship. We have managed over 900 applications, and with a collective experience of more than three decades in the industry, we apply our intimate knowledge of previous cases to foresee any problems that might arise, anticipate any hurdles down the road and provide our clients with the smoothest, quickest path to their new residency and citizenship.
why do people Invest in permanent residency?
Permanent residency in a stable, peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families.
Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. Permanent residency can offer individuals from these countries increased global mobility. For example, the passport of China allows visa-free entry into only 58 countries, whereas permanent residency in Portugal allows uninhibited travel throughout the Schengen zone, which comprises 26 European states. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople the world over.
See our Passport Index for the visa-free score of every passport in the world.
New business opportunities open up to participants in residency by investment programs as they can now do business in the host country as well as travel abroad more freely.
Permanent residency may prove advantageous for tax optimization purposes. For example, Bulgaria has one of the lowest income tax rates in Europe. This allows investors to manage their wealth more efficiently and effectively.
Most residency by investment programs are available to the family members of the main applicant. This means that investors can secure a better future for their spouse and children. PR status offers access to world-class health care, education and an improved lifestyle.
Education is the foundation of a successful life as a global citizen. Investing in a permanent residency can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees.
what do countries stand to gain from residency by investment program?
Many countries offer residency by investment programs in order to attract much-needed foreign direct investment. Countries can then use these funds to invest in their own economic or cultural projects.
For example, applicants to Portugal may invest in art restoration projects, research activities and more. Investors may also take advantage of Pivot Citizenship’s Qualified Offer to invest in the rehabilitation of an 18th century Palatial House in the city of Porto.
Some Countries that offer residency by investment programs?
What can Pivot Citizenship do for you?
Pivot Citizenship empowers individuals and families to become Global Citizens. We are a financial advisory firm specializing in investor programs for residence and citizenship, and consider ourselves the all-important link between dreams and reality. We offer a bespoke service experience supported and sustained by long-term relationships.
In a world of increasing globalization, more and more people are seeing themselves as global citizens of the world rather than as strictly national citizens. For them borders are not barriers and the ability to live, work and travel around the world is entirely within reach and desirable.
Pivot Citizenship plays a critical role in empowering governments, consultants, legal and financial professionals, and investors to meet their goals efficiently, effectively and responsibly.