RESIDENCY BY INVESTMENT PROGRAMS
Residence permit programs have initially been associated with permanent migration. It was for the people who want to live and work in a different country. Over the years, a global class of professionals has emerged with increasing mobility. This led to an increasing demand for visa-free travel, international education opportunities, flexible tax regimes, and security to move between countries.
The first residency by Investment program is established by Canada government as an immigrant investor program in 1986. The countries like the United States, the United Kingdom, Portugal, and Spain released their residency programs later on. They become very popular through years because most of them are created an attractive investment opportunity by means of real estate.
MAIN PROGRAM FEATURES
Residency by Investment Programs offer residence permit varies from temporary permits to permanent permits.
Residency by Investment Schemes mostly requires no or very low minimum stay requirements per year.
Some of the schemes offer citizenship after a certain period of time from the authorization of residence permit.
Most common reason to apply for residency programs is to benefit from visa-free travel, especially in European countries.
Residency by Investment Programs mostly available for the family members of the main applicant.
|Minimum Amount of Investment||€350.000 (real estate)||€500.000 (real estate)||€250.000 (real estate)||£2.000.000||€500.000|
|Minimum Residence Requirement||7 days per year||One visit per year||–||at least 183 days per year||at least 183 days per year|
|Initial Residency Status||1 year temporary residency permit||1 year temporary residency permit||5 year permanent residency permit||2 year residency permit||2 year conditional permanent residency permit|
|Renewal of Residency||At the end of year 1, 3 and 5||At the end of year 1, 3 and 8||5 year period||At the end of year 5||At the end of year 2|
|Time to Residence||3-6 months (apprx)||1-2 months||1-2 months||4-6 Months||12-18 months|
|Time to Citizenship||5 years||–||–||–||7 years|
|Family Reunification||Spouse and children under the age of 18||Spouse and children under the age of 18||Spouse and children under the age of 21 if dependent||Spouse and children under the age of 18||Spouse and children under the age of 21 if dependent|
|Access to Work||YES||YES||NO||YES||YES|
|Visa-free Travel||186 countries||188 countries||184 countries||185 countries||185 countries|
|Earliest possible resell the property||5 years||–||–|
|LEARN MORE||LEARN MORE||LEARN MORE||LEARN MORE||LEARN MORE|
Residency by Investment Programs allow permanent and temporary residence permits for a certain amount of investment. They are privileged programs designed for high net worth individuals who want to live and work in another country. Each residency by investment scheme offers different investment options and the required investment amount varies for each program. Residence permit programs have many advantages. Programs usually have low residence requirement or no residence requirement for the investor to maintain their residence permit. If the residence permit is obtained from an EU country, investors can benefit from visa-free travel in the Schengen Area. The main applicant can include their family member (spouse and dependent children) into the residency by investment programs. Therefore, the residency by investment schemes are generally considered as a future investment for future generations. Investors can increase their living standards by investing in a developed country, and benefit from international education opportunities and high-quality health services. In countries with flexible tax regimes, investors can manage their wealth in the most appropriate way and expand their business opportunities internationally. Some residency by investment programs allow for citizenship application after completing the required legal residence period in the country. The Get Golden Visa, provides consultancy service on 5 residency by investment programs. Portugal Golden Visa investors can obtain their residence permits in 3 to 6 months. Portugal Golden Visa Program grants a 1-year temporary residence permit for a minimum real estate investment of 350.000 Euro. A residence permit in Portugal must be renewed at the end of the first year. Then it should be renewed again at the end of the 3rd year and the 5th year. Spain Golden Visa investors can obtain residence permits within 1-2 months. Spain Golden Visa Program grants a 1-year temporary residence permit for a minimum of 500.000 Euro real estate investment. After the 1st year, the residence permit in Spain should be renewed. Then it should be renewed again at the end of the third and eighth year. Greece Golden Visa investors can obtain their permanent residence permit in 1-2 months. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. Investors can renew their residence permits for 5-year periods and have unlimited renewal rights. The UK residence permit program gives a 2-year residence permit for 2,000,000 pounds. The American Immigration Investor Program provides a 2-year conditional permanent residence permit for a minimum of $ 500,000. 2. At the end of the year, the investor must renew the permit.