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Top 3 Residency by Investment Programs

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In a previous article, we explored why a significant number of individuals are leaving their home country and settling in Europe. Many programs make this possible, but the residency by investment programs of Greece, Malta, and Portugal remain the top choices. Let’s explore why these programs are so attractive and how you can benefit from them.

1. Greece Residency by Investment Programs (Golden Visa)

What is the Greek Investment Residency Program (GIRP)?

The Greek Golden Visa, also known as GIRP, is a Permanent Residence Program that allows successful applicants and their families to live, work, and study in Greece indefinitely upon an approved investment.

Benefits of Greek Residency

  • EU Membership: Gaining residency in Greece provides a multi-entry Schengen visa valid for up to 5 years, allowing you to travel freely within the Schengen area. This is a significant advantage for business people who are frequent travelers.
  • Business Opportunities: You have the right to establish a business in Greece immediately.
  • Favorable Tax Regime: No wealth tax and low property tax make Greece financially attractive.

Cost of Greek Investment Residency

  • Minimum Investment: EUR 250,000 in either commercial or residential property, freehold or leasehold. The investment can be made personally or through a wholly-owned company in Greece.
  • Inclusions: The application can include dependents such as a spouse, children under 21, and parents of the investor or spouse.

Approval Process

  • Duration: The process usually takes around 6 months, with final approval in about 2 months.
  • Validity: The residency permit is valid for 5 years and can be renewed. You can apply for Greek EU citizenship after 7 years, subject to residence and language requirements.

Additional Requirements

  • No physical residency requirement.
  • No educational or business experience requirement.
  • A legal representative must submit your application.

2. Malta Residency by Investment Program

How to Get Residency in Malta?

Malta’s Permanent Residency by Investment Program requires applicants to establish a minimum net worth of over EUR 500,000 to be eligible.

Investment Options

  • Property Rental: Starts at EUR 10,000 or 12,000, plus a EUR 98,000 government donation and EUR 2,000 donation to a non-government organization, totaling a minimum of EUR 110,000.
  • Property Purchase: Starts at EUR 300,000 or EUR 350,000, with a EUR 68,000 government donation and EUR 2,000 donation to a non-government organization.

Benefits of Maltese Residency

  • EU Membership: Similar travel benefits within the Schengen area.
  • No Language, Education, or Career Requirements: Open to all non-European citizens.
  • Tax Advantages: No gift tax, inheritance tax, or property tax. No tax on royalties, dividends, or interest, and a low VAT.

Approval Process

  • Duration: Processing usually takes 6-8 months.
  • Rights: Grants the right to reside, work, and study in Malta indefinitely, along with business establishment rights.

3. Portugal Residency by Investment Programs (Golden Visa)

Why is Portugal Popular?

The Portuguese Golden Visa Program is renowned for offering non-Europeans a better lifestyle, with excellent healthcare, education, and a low cost of living.

Investment Options

  • Investment Fund: Minimum EUR 500,000 in a Portuguese investment fund with at least 5 years maturity.
  • Property Investment:
  • EUR 280,000 (in a low-density area)
  • EUR 350,000 (in a high-density area) for properties suitable for renovation.
  • EUR 400,000 or EUR 500,000 for other properties without the above restrictions.

Benefits of Portuguese Residency

  • EU Membership: Identical travel benefits within the Schengen area.
  • Pathway to EU Citizenship: Apply for Portuguese citizenship after 5 years of residence.

Conclusion

Residency by investment is a strategic way for investors to gain access to the European Union, enjoy favorable business conditions, and secure a better future for their families.

Ready to start your investment journey? Contact us to learn more about how we can help you secure your golden visa through the best programs available.

ABOUT THE AUTHOR

Picture of Jean-François Harvey

Jean-François Harvey

Jean-François Harvey is recognized internationally as an expert in immigration law, and he brings a wealth of experience in providing comprehensive immigration law services to corporations and high net worth individuals.

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