Permanent residence in the EU by investment in real estate
Other countries in the EU may not allow you to directly obtain their passports by investment through citizenship programs, but do have a residency by investment scheme that eventually does lead to citizenship and obtaining their passports if you meet the required conditions. These schemes are regularly referred to as golden visas.
Greece, Portugal, Malta, and Cyprus all offer golden visas, and having a residency in an EU country does come with many benefits. All of these countries require purchasing property as follows for applications to be approved:
- Portugal golden visa starting from 280,000 Euro
- Greece starting from 250,000 Euro
- Cyprus has no minimum amount, but for the fast track option it requires an a purchase of no less than 300,000 Euro
- Malta requires purchasing 250,000 Euro worth in government bonds and an purchase property for 270,000 Euro (alternatively you can rent property for 10,000 Euro annually).
EU permanent residency benefits
Having a residency in an EU country gives you access to the rest of the EU countries visa free, and allows you to gain access to the benefits that your host country or other EU countries offer.
Residence in an EU country also provides benefits when it comes to educating your children in EU countries. Having residence in the EU also allows you to establish a business and take advantage of the open market between the EU countries.