Residency by investment is the process of obtaining a permanent residency in another country by investing in the economy of that country through bonds, real estate, job creation, or in some cases a monetary donation to a government fund. With a range of countries across the world offering citizenship-by-investment programs, why are entrepreneurs and investors alike choosing to invest in European residency?
Business and trade today aren’t limited by geographical and economic boundaries. Cryptocurrencies have removed the issues faced by businesses dealing in multiple currencies and fluctuating exchange rates, while consistently improving transportation links have opened up the global economy with transfers and shipping of goods being able to happen overnight.
For many people who choose to invest in a second passport or obtaining a residency permit, safety and stability are key driving factors behind their decision. Having the reassurance that, should they need to, they are able to relocate their family to another country easily should geopolitical tensions either restrict travel or have an impact on their business ventures provides security for both themselves and future generations.
One of the most frustrating aspects of travel is the paperwork, and for those who regularly need to travel throughout Europe applying for multiple visas can be time-consuming and in the worst-case scenario, the visa process can delay business trips. By legally obtaining a residency permit for a European country through a residency-by-investment program, you are automatically entitled to visa-free travel in Schengen countries. After holding a residency permit for a given period, you are then eligible to apply for a passport.
With a residency permit, you and your family have the right to live, work and study in Europe. With European healthcare and education widely recognised as some of the best in the world, this is an attractive benefit for many investors. It is worth noting however that unlike citizens, individuals who only hold residency are not entitled to vote or take a place in official office.
Although your residency entitles you to move, there isn’t a requirement for you to do so meaning you can have the best of both worlds.
This depends on which program you choose, but the cost of residency by investment in Europe starts from €250,000.
Savory & Partners offer a number of different residency programs which include:
Apart from the residency programs, it is also possible to apply through immigrant investor programs for both the UK (starting from GBP 1,000,000), the USA (starting from USD 500,000 investment in a business) and Ireland (starting from EUR 1,000,000).
Savory & Partners offer global residency, citizenship and immigration investor programs to families from across the world. For more information, contact our team of experts at +971 4 430 1717 or visit our website: www.savoryandpartners.com
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