Citizenship and Residency Programs

Explore and compare a range of citizenship and residency programs from around the world. This page provides a straightforward comparison to help you find the program that best suits your needs for global mobility and lifestyle opportunities.

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FAQs on Citizenship and Residency Programs

How Can Financially Independent Individuals Obtain EU Residency?

Country Name

Minimum Monthly Income

Additional Requirements

Austria

€2,436

Secure appropriate accommodation, obtain health insurance, and demonstrate basic German language skills (A1 level). Note that Austria has annual quotas for first-time applicants.

France

€1,333

Obtain a Long-Stay visa from the French consulate and secure valid health insurance for the duration of your stay in France

Greece

€2,000 

Obtain private health insurance, a police clearance certificate, and a medical certificate.

Italy

€2,600

Demonstrate stable income from sources like pensions or rental earnings, have suitable long-term accommodation, and obtain health insurance with €60,000 coverage.

Luxembourg

€2,250

Have permanent accommodation in Luxembourg, either rented or purchased.

Portugal

€705 

Demonstrate financial self-sufficiency through recurring income or savings and provide proof of accommodation in Portugal.

Spain

€2,400 

Obtain health insurance, a criminal record check certificate, bank statements, and tax returns. Provide a notarized affidavit stating that you agree not to work while residing in Spain.

How Can Entrepreneurs Obtain EU Residency Through Business Ownership?

Country Name

Minimum investment 

Additional Requirements

Bulgaria

N/A

Register a trade representative office in Bulgaria, proving the foreign company’s good standing. Then, apply for a D type visa and, upon arrival, apply for a residence permit.

Denmark

N/A

Obtain a 2-year Startup Visa as a foreign entrepreneur by getting your business idea approved by a panel of experts.

Estonia

€65,000

Participate in a company, work as a sole proprietor, or invest in a business, using various financial elements as part of your investment.

Italy

N/A

Set up a non-commercial office in Italy. Show taxable income above the current minimum Italian welfare payment (€6,542). 

Latvia

€50,000

Pay an additional €10,000 state fee and demonstrate an annual tax payment of €40,000.

Lithuania

€29,000

Operate in Lithuania for at least six months and hire at least three Lithuanian citizens or permanent residents with an average local salary.

Norway

€100,000

Invest in a qualifying business and create jobs.

Poland

€100,000

Invest in a Polish commercial entity, create jobs, and demonstrate an annual income of at least €15,000.

Romania

€50,000

Demonstrate a minimum monthly income of €500, invest in a company's initial assets, and create 10 full-time jobs.

Slovenia

€50,000

Register a business, invest €7,500 in paid-up capital, demonstrate a monthly turnover of €10,000, and employ Slovenian or EU citizens.

Sweden

€17,000

Demonstrate sufficient funds to support yourself and your family, have business management experience, and hold at least a 50% ownership stake in the enterprise.

Caribbean & Pacific Passports

The Caribbean's citizenship by investment programs offer unique benefits set against the backdrop of stunning landscapes and welcoming communities. Each program presents distinct advantages: 

  • Dominica is most accessible for individuals, with costs starting at $109,750.
  • Antigua and Barbuda offer the best value for couples ($148,600) and families of 6 ($173,000).
  • St. Lucia provides the most economical option for families with three children ($184,000).
  • St. Kitts and Nevis boast the most powerful passport with access to 158 countries.
  • St. Lucia stands out with its government bond investment option.
  • Antigua and Grenada extend eligibility to include unmarried siblings.
  • Antigua uniquely requires a minimal physical stay.
  • Grenada is exclusive in offering an E-2 visa treaty with the US, appealing to those looking towards business opportunities in the US.

Following a recent MoU signed by the Prime Ministers of Antigua & Barbuda, Dominica, Grenada, and Saint Kitts & Nevis, it is anticipated that these programs will adopt a uniform minimum investment threshold of $200,000, tentatively by the end of June 2024. Additionally, it is likely that participants will be required to visit the respective country at least once.

Investment Options and Program Details

Criteria

Investment Options

Minimum Donation

$100,000

$100,000

$150,000

$250,000

$100,000

$130,000

Minimum Real Estate Investment

$400,000

$200,000

$220,000

$400,000

$200,000

N/A

Minimum Investment in Government Bonds

N/A

$300,000

N/A

Program Details

Application Processing Fee

$30,300

$1,250

$3,000

$350

$2,000

N/A

Applicant Due Diligence Fee

$7,500

$7,500

$ 5,000

$10,000

$8,000

$5,500

Interview Fee

$1,500

$1,000

N/A

Minimum Holding Period for Real Estate Investment

5 years

7 years

5 years

N/A

Cost (USD)

Cost for 1 Adult

$139,300

$109,750

$159,000

$260,350

$110,000

$135,500

Cost for 2 Adults

$148,600

$169,500

$218,000

$317,850

$156,000

$155,500

Cost for 2 Adults + 2 Children

$153,200

$201,000

$222,000

$367,850

$168,000

$185,500

Cost for 2 Adults + 3 Children

$195,500

$229,250

$249,000

$417,850

$184,000

$200,500

Cost for 2 Adults + 4 Children

$173,000

$257,500

$276,000

  $467,850

$200,000

$215,500

Program Benefits

Criteria

Program Benefits

Passport Validity

10 years

10 years

5 years

10 years

5 years

10 years

Henley Passport Ranking

27th

34th

31st

26th

31st

59th

Visa-Free Travel or Visa on Arrival

Schengen countries, Singapore, Hong Kong

80 countries, incl. Bosnia, Israel, Malaysia, Montenegro, Russia, Seychelles

150 countries, incl. Albania, Brazil, Chile, Lebanon
Macedonia, Seychelles,
South Africa,
South Korea, Tunisia, UK

137 countries, incl. Brazil, China, Israel, Seychelles,
South Korea,
Uruguay

145 countries, incl. Argentina,
Brazil, Chile,
China, Israel,
Russia,
Seychelles,
South Korea, UK,
Uruguay

158 countries, incl.  Albania,
Argentina, Brazil,
Chile, Israel,
Lebanon,
Macedonia, Russia, Tunisia,
UK, Uruguay 

148 countries, incl.   Argentina, Chile,
Israel,
Seychelles,
South Korea,
Tunisia, UK  

E-2 Visa Treaty with the US

No

Yes

No

Family Inclusion and Other Requirements

Criteria

Family Inclusion

Children Age Limit

Under 30

Unmarried, under 31

Dependent

Under 26

Under 31

Under 25, unmarried

Parents Age Limit

Over 55

Over 65

Over 55

Over 65

Over 55

Over 65

Siblings Inclusion Criteria

Unmarried

N/A

Over 18, unmarried, no children

N/A

Under 18

N/A

Additional Requirements

Minimum Stay Requirement 

5 days/year

N/A

Interview

Yes

Yes

No

Yes

No

No

Country Profile

Criteria

Country Profile

Non-Eligible Countries

Afghanistan
Iran

North Korea

Somalia
Sudan
Yemen

Belarus
North Korea Northern Iraq

Russia

Sudan

Yemen

Belarus
Iran
North Korea

Russia

Afghanistan

Belarus

Iran
Iraq
North Korea

Russia

Belarus

Iran
Russia

Iran

Iraq

North Korea

Yemen

Population

93,000 (22,000 in St. John's)

72,000 (14,500 in Roseau)

112,000 (33,700 in St. George's)

53,000 (14,000 in Basseterre)

184,000 (20,000 in Castries)

319,137 (51,437 in Port Vila)

Human Development Index

(higher score is preferable)

0.82, 54th

0.74, 97th

0.79, 73rd

0.83, 51st

0,72, 109th

0.61, 140th

Political Stability Index (higher score is preferable)

82.55

95.75

85.38

82.55

77.83

83.02

Criminality Score (lower score is preferable)

2.98

2.63

2.93

3.52

3.53

2.43

Antigua & Barbuda and Grenada offer exceptions for nationals of Iran and Afghanistan, provided they meet specific criteria such as migrating before adulthood or maintaining permanent residence in designated countries for a specified period, and demonstrating no economic ties to their home country.

Learn More About Each Program

Antigua and Barbuda

Antigua and Barbuda, an independent state within the Commonwealth, lies in the Eastern Caribbean, flaunting 365 stunning beaches with pristine turquoise waters. This paradise is a significant draw for tourism, accounting for 60% of the nation's GDP, with the U.S., Canada, and Europe being primary markets. Established via the Antigua and Barbuda Citizenship by Investment Regulations 2014, the citizenship by investment program allows for citizenship through various investment avenue.

Program Advantages:

  • Family-Friendly Investment: Unique to Antigua and Barbuda, the program offers a special investment route for families of six or more, with a contribution starting at $150,000 to the University of the West Indies Fund, making it the most cost-effective option in the Caribbean.
  • Global Mobility: The Antigua and Barbuda passport provides visa-free or visa-on-arrival access to over 150 countries, including the Schengen Area and the UK, enhancing global travel ease.
  • U.S. Visa Opportunity: Eligibility for a 10-year B-1/B-2 visitor visa to the USA, allowing extensive travel, business, and medical treatment opportunities.
  • Financial Benefits: No taxation on personal income, inheritance, or capital gains for citizens, with tax residents exempt from taxes on dividends, interest, or royalties.
  • Efficient Process: Citizenship can be acquired within just 3 months through a remote and straightforward application process, without mandatory language or history tests.
  • Inclusive Family Application: The inclusion of spouses, children under 30, parents over 55, and unmarried siblings.
  • Dual Citizenship: Recognized, without the requirement to renounce other citizenships.


Investment Options:

  1. National Development Fund (NDF) Contribution: A non-refundable donation starting at $100,000 for a family of up to four, with varying amounts for larger families.
  2. Real Estate Investment: A minimum of $400,000 in approved projects, held for at least five years, with joint investment options available.
  3. Business Investment: Direct investment starting at $1,500,000, or joint ventures with a total investment of at least $5,000,000.
  4. University of the West Indies Fund: A contribution of $150,000 for families of six or more, including tuition for one family member at the University of the West Indies.


Requirements:
Applicants must be over 18 and meet all application criteria, including a minimum residency of 5 days within the first 5 years of citizenship. Mandatory interviews are required for the principal applicant and children over 16 years.

Application Process:
The process involves selecting an investment option, completing all required documentation, and undergoing due diligence checks. Successful applicants receive citizenship certificates and passports, which can be collected in Antigua and Barbuda or at an embassy or consulate.

Deprivation of Citizenship:
Citizenship may be revoked if the individual does not meet the residency requirement or in cases of fraud, sedition, or treason․

Dominica

Nestled in the heart of the Caribbean, the Commonwealth of Dominica has been offering its citizenship by investment program since 1993, aimed at enriching its agriculture-centric economy. The island spans 750 km² and is home to approximately 74,000 people, including the last surviving native Carib population in the Caribbean. Dominica prides itself on an almost negligible crime rate and uses the Eastern Caribbean dollar, pegged to the US dollar, providing a stable economic climate. Offering visa-free access to more than 130 countries, including the Schengen area,  Singapore, Hong Kong, and China, Dominica's citizenship program is both a doorway to the world and an investment in paradise.

Legally rooted in § 101 of the nation’s constitution and §§ 8 and 20 of the Citizenship Act, the program enables the government to award citizenship to those meeting specific criteria, significantly contributing to Dominica's economic landscape. From 2017 to 2020 alone, 4,192 individuals received Dominica passports through this initiative, funding projects aligned with the UN Sustainable Development Goals, including poverty alleviation, infrastructure development, green energy, and ecosystem preservation.

Dominica's Citizenship Benefits:

  • Visa-free or visa-on-arrival access to over 130 destinations worldwide.
  • Inclusion of family members in the application, extending to spouses, dependent children under 31, and parents or grandparents over 65, with the possibility of adding dependents post-citizenship.
  • Citizenship by descent for future generations.
  • Full rights to live, work, and study in Dominica.
  • Dual citizenship without restrictions.
  • A 10-year B-1/B-2 visa for the USA, permitting extensive stays for business or medical treatment.
  • No taxation on wealth, gift, capital gains, or inheritance for non-tax residents, alongside other financial incentives and advantages.
  • An invitation to reside in a nation celebrated for its warm climate, vibrant culture, and natural beauty, all within a region boasting the lowest crime rates.


Investment Pathways to Citizenship:
Eligible candidates must be over 18 and can choose between:

  1. A non-refundable contribution to the Economic Development Fund starting at USD 100,000.
  2. Investment in approved real estate developments, with a minimum value of USD 200,000, promising returns after a 3-5 year holding period.

Additional stipulations include a background check, proof of good health, a commitment to the investment prior to application, and a mandatory virtual interview for applicants aged 16 and over.


Due Diligence and Application Procedure:
The process requires thorough background checks, ensuring applicants have a clean criminal record and no outstanding visa refusals. Documents necessary include financial statements, employment or business documents, and proof of investment funds. The entire application procedure can be completed remotely, with no mandatory visit to Dominica, although engagement with the island's economy is highly encouraged.

Grenada

Grenada, known affectionately as the 'Spice Island' for its abundant nutmeg and mace crops, offers a picturesque landscape of exotic topography, stunning beaches, and a temperate climate year-round. This English-speaking Commonwealth nation boasts a common law legal framework, a stable government, and launched its Citizenship by Investment Program in August 2013 through the Citizenship by Investment Act.

Eligibility for Family Inclusion
The program allows for the inclusion of the main investor’s:

  • Spouse
  • Dependent children
  • Dependent parents over 55 years
  • Unmarried siblings over 18 without children


Program Benefits

  • Access to over 140/147 countries without a visa or via visa-on-arrival, including prominent destinations like China, Hong Kong, Singapore, the UK, and the Schengen Area in Europe.
  • The ability to obtain citizenship entirely remotely.
  • Unique among Caribbean investment programs, Grenada offers eligibility for the E-2 Investor Visa Treaty with the USA, granting significant privileges including business operations and medical treatment in the US for up to 180 days annually.
  • Citizenship is extendable to new spouses and future generations.
  • Inclusion of a wide family range in the application, with no dual citizenship restrictions.
  • No residency requirements and a fast processing timeline of approximately 5 months.
  • Generous tax regulations, with no taxation on personal income, wealth, gift, inheritance, or capital gains.
  • The program facilitates international business registrations for tax efficiency and privacy.


Investment Requirements
Applicants must be over 18 and can choose between:

  • A minimum non-refundable donation to the National Transformation Fund (NTF) starting at USD 150,000 for single applicants.
  • Investing a minimum of USD 220,000 in government-approved real estate, with a holding period of five years for resale as a qualifying investment.

Additional requirements include a clean criminal history, proof of sufficient funds, and no outstanding visa refusals.


Documentation Needed
Applicants must provide a comprehensive set of documents, including ID, passport, medical certificate, marriage and birth certificates (if applicable), police clearance, bank references, photos, proof of funds, and relevant affidavits and agreements for dependents and real estate transactions.

Investment Options

  • National Transformation Fund (NTF) Donation: Contributions start at USD 150,000, financing projects across various sectors for national development.
  • Real Estate Option: Investment in approved developments, offering potential returns, with the property being resalable after a five-year holding period.
    The Grenada Citizenship by Investment Program represents a blend of investment opportunity and access to global mobility, underpinned by a commitment to national growth and development.

St. Kitts and Nevis

Nestled in the heart of the Caribbean, St. Kitts and Nevis is an idyllic dual-island nation celebrated for its unspoiled beaches and rich tapestry of cultural heritage, drawing influences from African, British, Carib, and French traditions. It stands as a coveted destination for those dreaming of a secondary residence amid the Caribbean's allure, bolstered by convenient air connections to Europe and North America. The St. Kitts and Nevis Citizenship by Investment program, established in 1984, is recognized as the world's pioneer in citizenship by investment initiatives.

Key Advantages of the Program

  • Generational Citizenship: Eligibility extends to future generations.
  • Family Inclusion: The primary applicant can include a spouse, children under 26, and parents over 65, with provisions to add dependents post-citizenship issuance.
  • Commonwealth Membership Benefits: As a Commonwealth member, citizens enjoy privileges in the UK and other member countries.
  • Extended Visa Access: Eligible for a 10-year B-1/B-2 visa for the USA.
  • Taxation Benefits: Immunity from income, capital gains, inheritance, and gift taxes.
  • No Language Requirement: Language proficiency tests are not a prerequisite.
  • Expedited Process: Citizenship can be fast-tracked, offering a straightforward path to citizenship.
  • Powerful Passport: The St. Kitts and Nevis passport provides significant global mobility, including the option to live in any of the 15 CARICOM countries.
  • Business Advantages: Citizens can register businesses locally, easing transactions with international partners free from stringent foreign exchange controls.


Eligibility and Requirements

  • Age and Interview: Applicants must be over 18 and undergo a mandatory interview, available virtually or in-person.
  • Biometric Data: Provision of biometric data and fingerprints is required.
  • Economic Contributions: Options include a Sustainable Island State Contribution (SISC) or investments in real estate.
  • Background Check: A clean criminal record and no visa refusal history are essential.
  • Documentation: A comprehensive dossier including financial, employment, and identity documents is necessary.


Application Process
Handled by the Citizenship by Investment Unit (CIU), the application process involves a thorough review, a mandatory interview, and due diligence checks conducted by reputable firms globally. The government aims to process applications within four months, with an average preparation time for applicants of 2-6 weeks. Real estate visits are advised but not mandatory.

Investment Paths

  • Sustainable Island State Contribution (SISC): A donation starting at $250,000 for individual applicants, supporting local development initiatives.
  • Approved Public Benefit Project: Investments in projects that significantly benefit the local community are also a viable path.
  • Real Estate Investment: Purchasing government-approved real estate is another route, with a minimum investment starting at $400,000.

St. Lucia

Nestled in the eastern Caribbean Sea, St. Lucia, with its enchanting beaches, lush rainforests, and iconic Pitons, is a beacon of natural beauty and serenity. The St. Lucia passport empowers its holders with extensive travel freedom, including the ability to reside in any of the 15 CARICOM countries.

Launched in 2016 and governed by the Citizenship by Investment Act No. 14 of 2015, St. Lucia's Citizenship by Investment Program is designed to invite significant economic contributions to the nation. St. Lucia is renowned for its stable, welcoming business environment and special enterprise projects, aiming to catalyze economic growth across various sectors. These efforts underscore St. Lucia's commitment to becoming a hub of investment and innovation, with the added benefit of securing a second citizenship.

The program extends the opportunity for applicants to include their families, providing a legacy of global mobility and security. Eligibility extends to spouses, dependent children up to the age of 30, and dependent parents or grandparents over 55, ensuring the benefits of investment reach beyond the primary applicant.

Program Highlights:

  • Visa-free or visa-on-arrival access to over 140 destinations worldwide.
  • Efficient processing with no requirement for residence or visitation.
  • Inclusion of a wide array of dependents, with the option to add more post-citizenship.
  • Competitive investment and processing costs.
  • Recognition of dual citizenship.
  • Exemption from taxes on worldwide income, wealth, inheritance, and capital gains.
  • Options for investment recovery through bond redemption or real estate sale after a specified period.
  • Access to a 10-year B-1/B-2 visa to the USA, facilitating business, travel, and medical treatment.
  • The ability to register a company in St. Lucia, enhancing privacy and facilitating international transactions.


Investment Options:
Applicants must be over 18 and can choose from several investment pathways, including:

  • A minimum USD 200,000 investment in approved real estate, held for five years.
  • Participation in approved enterprise projects, starting at USD 3.5 million, generating employment.
  • A non-refundable contribution of USD 100,000 to the NEF.
  • Investment in non-interest-bearing government bonds, valued at USD 300,000, held for five years.


Eligibility and Documentation:
Applicants must demonstrate good health, a clean criminal background, and the legal source of their investment funds. Required documents include a birth certificate, valid passport, proof of address, financial documents, and health clearance, among others.

Application Process:
The comprehensive application process involves the submission of documents and an investment decision, followed by the payment of non-refundable fees. The complete application package is then submitted to the St. Lucia Citizenship by Investment Unit (CIU), with approval taking approximately 60-90 days.

Investment Benefits and Fees:
St. Lucia offers various investment options tailored to the applicant's needs, including contributions to the NEF, government bond investments, real estate purchases, and enterprise project investments.

Vanuatu

Nestled in the embrace of the South Pacific Ocean lies Vanuatu, an archipelago of 80 exquisite islands. With its majestic mountains, verdant tropical rainforests, and crystalline turquoise waters, Vanuatu stands as the quintessential haven for those seeking to elevate their lifestyles.

To obtain Vanuatu Citizenship by Investment, you must contribute a minimum of $130,000 to the National Development Fund and provide proof of an available bank account balance of at least $250,000. One of the most appealing facets of Vanuatu's citizenship program is its accessibility. Unlike many other jurisdictions, applicants are not burdened with language proficiency tests or history examinations. Neither are they obligated to relocate to or even visit Vanuatu during the application process. Moreover, Vanuatu boasts one of the fastest citizenship acquisition processes globally. With proper documentation, applicants can obtain their passports within a mere month of initiating their investment journey in Vanuatu.

The investment required for citizenship entails a one-time contribution or donation to the Vanuatu Development Support Programme (DSP). The contribution amounts are as follows:
- Single Applicant: $130,000
- Married Couple: $150,000
- Family of Three: $165,000
- Family of Four: $180,000
- Additional Family Members: $10,000 each

Eligibility and Documentation- Primary applicants must be between the ages of 18 and 65.
- Upon approval in principle  from the Citizenship Commission, applicants must deposit the remaining fees.
- Submission of a certificate of no criminal record.
- Demonstrating a minimum Net Asset Value of $250,000, with at least $250,000 in banking assets.
- Providing evidence of financial solvency to support oneself and dependents without relying on income from Vanuatu.
- Inclusion of dependent children under eighteen and financially dependent parents or grandparents in the application.

Vanuatu passports offer visa-free access to 103 countries and territories, making them valuable assets for global travelers. Despite recent changes affecting access to the Schengen area, Vanuatu's passport still enables entry into sought-after destinations such as Hong Kong, Singapore, Russia, and numerous countries across Asia, Latin America, and Africa.

Beyond the acquisition of a passport, Vanuatu citizenship presents numerous advantages:
- Membership in the Commonwealth facilitates long-term visitor visas in countries like Canada, Australia, and New Zealand.
- Access to a five-year B1/B2 tourist visa for medical treatments, business endeavors, or academic pursuits.
- Favorable tax policies, including the establishment of tax-exempt International Business Companies (ICB) and tax residence.
- A straightforward citizenship process devoid of language requirements.
- The option for investors to retain multiple passports post-citizenship acquisition.
- No residency or interview obligations for citizenship applicants.

The process for acquiring citizenship in Vanuatu follows a streamlined eight-step procedure:
1. Preparation of necessary documents and nomination application.
2. Initiation of due diligence process with an initial payment of $5,000.
3. Submission of application.
4. Receipt of approval in principle from the Vanuatu Citizenship Commission.
5. Payment of total investment upon approval.
6. Receipt of Letter of approval for citizenship.
7. Completion of naturalization oath online or via video conferencing.
8. Receipt of citizenship certificate and passport from the nearest Vanuatu consulate.

Vanuatu's citizenship by investment program presents a tantalizing opportunity for investors seeking to diversify their passport portfolio. With its unparalleled natural beauty, favorable tax regime, and hassle-free application process, Vanuatu beckons as a beacon of possibility in the realm of global citizenship acquisition.

The U.S. Citizenship and Immigration Services (USCIS) may require additional documentation to demonstrate that the applicant has established a continuous domicile in the treaty country indicated in their application. This period of domicile should be for at least three years at any time prior to applying for E-2 classification. Generally, domicile refers to the place where an individual has a permanent residence.

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Worldwide Citizenship Paths

Malta Citizenship by Investment (CBI) Program:

  • Offers one of the strongest passports for global travel, including visa-free access to the USA, Canada, Australia, Japan, and the UAE.
  • High cost, potentially 10 times that of Caribbean programs, reflecting its extensive travel freedoms.
  • Lengthy processing time exceeding a year.

Turkish CBI Program:

  • Provides a compelling investment opportunity with a short 3-year real estate holding period.
  • Requires a higher minimum real estate investment of $414,000, inclusive of acquisition taxes.
  • Does not offer visa-free access to Schengen countries, limiting appeal compared to Caribbean options.

Egypt's CBI Program:

  • Offers citizenship through real estate investment.
  • Includes family members without additional fees.
  • Egyptian passport provides limited visa-free travel to 59 countries.

Investment Options and Cost

Criteria

Investment Options

Minimum Donation

€ 610,000

AND

€700,000

N/A

$250,000

$245,000

N/A

Minimum Real Estate Investment

$414,000

$300,000

N/A

N/A

Minimum Investment in Government Bonds or Bank Deposits

N/A

$500,000

$500,000

N/A

 $1 million

Cost 

Cost for 1 Adult

€1,333,000

$415,000

$260,000

$330,000

$1,015,000

Cost for 2 Adults

€1,397,000

$415,574

$260,000

$335,000

$1,020,000

Cost for 2 Adults + 2 Children

€1,525,000

$416,722

$260,000

$345,000

$1,030,000

Cost for 2 Adults + 3 Children

€1,574,000

$417,296

$260,000

$350,000

$1,035,000

Cost for 2 Adults + 4 Children

€1,638,000

$417,870

$260,000

$355,000

$1,040,000

Program Details and Benefits  

Criteria

Program Details

Processing Time

14-18 months

3-6 months

6-12 months

3-4 months

3-6 months

Application Processing Fee

€8,000

N/A

$10,000

$85,000

$10,000

Applicant Due Diligence Fee

€15,000 

N/A

N/A

N/A

$5,000

Interview Fee

N/A

Minimum Holding Period for Real Estate Investment

5 years

3 years

5 years

N/A

6 years

Program Benefits

Passport Validity

10 years

10 years

7 years

10 years

5 years

Henley Passport Ranking

5th

53rd

89th

88th

88th

Visa-Free Travel or Visa on Arrival

190 Countries, incl. Schengen, USA , Canada, UK, Singapore, Hong Kong, South Korea, Japan, UAE

118 countries, incl. Hong Kong, Japan, South Korea, and Singapore

59 countries, incl. Hong Kong, Jordan, Iran
 

59 countries, incl. Singapore, Iran, Indonesia, Caribbean countries
  

61 countries, incl. Hong Kong, Indonesia, Turkey, Caribbean countries

E-2 Visa Treaty with the US

No

Yes

Yes

No

Yes

Family Inclusion and Other Requirements

Criteria

Family Inclusion

Children Age Limit

Under 29, unmarried

Under 18 or disabled

Under 21, unmarried

Under 18

Under 18, unmarried

Parents Age Limit

Over 55 

N/A

Financially dependent

Siblings Inclusion Criteria

N/A

Additional Requirements

Minimum Stay Requirement 

N/A

Interview

N/A

Country Profile

Criteria

Country Profile

Non-Eligible Countries

Afghanistan

Belarus
DRC
Iran
North Korea

Russia
Somalia
Sudan
Syria
Venezuela
Yemen

Armenia

Cyprus

Cuba

Nigeria

North Korea Syria 

Israel

N/A

N/A

Population

518,536 (6,675 in Valletta)

86.04 million (5.66 million in Ankara)

111 million (9.54 million in Cairo)

16.77 million (2.23 million in Phnom Penh)

11.29 million (4 million in capital Amman)

Human Development Index (higher score is preferable)

0.92, 25th

0.86, 45th

0.74, 103rd

0.6, 148th

0.73, 99th

Political Stability Index (higher score is preferable)

80.66

13.68

14.15

44.81

35.38

Criminality Score (lower score is preferable)

5.00

7.03

5.05

6.85

4.93

Learn More About Each Program

Malta

Nestled in the heart of the Mediterranean Sea lies Malta, a gem known for its idyllic climate, welcoming locals, and enviable quality of life. Boasting excellent air connectivity and a reputation for safety, Malta is not just a sought-after destination for leisure but also for establishing a second home. As a proud member of the European Union, Malta offers political stability, a thriving economy, and is home to some of the world's most robust banking institutions.

Program Overview
The Malta Citizenship Act Cap. 188, LN437 of 2020, introduced the Granting of Citizenship for Exceptional Services by Direct Investment Regulations (S.L. 188.06). This initiative allows foreign individuals and their families to obtain Maltese citizenship through economic contributions. To maintain exclusivity and manage demand, the program is limited to a maximum of 400 successful applicants annually, with an overall cap set at 1500 applicants.

Eligibility and Dependents
Qualified applicants can include a range of dependents in their application:
- Spouse or de facto partner
- Children under the age of eighteen
- Unmarried children aged 18 to 29 who are financially dependent
- Children over eighteen with physical or mental disabilities dependent on the primary applicant
- Dependent parents over the age of fifty-five reliant on the primary applicant or spouse

Processing Time and Requirements
Applicants and adult dependents must hold Maltese residence status for a minimum of 36 months (or 12 months in specific cases) before applying for citizenship. The application process involves a four-tier due diligence assessment. To be eligible, applicants must meet the following criteria:
- Minimum age of 18 years
- Contribution of EUR 600,000 for a 36-month residence period or EUR 750,000 for 12 months
- Purchase or lease of residential property meeting specified criteria
- Donation to approved organizations
- Legal residence in Malta
- Good health and provision of necessary documents

Benefits of Maltese Citizenship
Obtaining Maltese citizenship offers numerous advantages:
- Visa-free or visa-on-arrival access to over 180 destinations worldwide
- Access to a transparent and reputable financial center, ideal for international business
- Inclusion of family members in the application
- Stringent due diligence standards
- Strategic location with excellent air links
- No restrictions on dual citizenship
- Work or study opportunities in EU countries

Fees and Procedures
The application process involves due diligence fees and administrative charges. The timeline typically spans 12 to 18 months and includes detailed background checks. Upon successful completion, applicants are invited to take the oath of allegiance in Malta and receive their certificate of naturalization.

Turkey

Turkey's Citizenship by Investment (CBI) program offers a unique and powerful opportunity for investors and their families to gain a second citizenship, opening doors to global mobility, business opportunities, and a high quality of life.

Key Benefits of Turkish Citizenship

  1. Visa-Free Travel: Enjoy visa-free or visa-on-arrival access to 126 countries, including Japan, Singapore, and South Korea, enhancing global mobility and business opportunities.
  2. Schengen Area Access: Turkish citizens are eligible for a C-2 Schengen visa, allowing for travel across Schengen countries for up to 90 days within any 180-day period.
  3. E-2 Visa Eligibility for the USA: After three years of residence, Turkish citizens can apply for the E-2 Investor Visa, enabling them and their families to live and work in the USA.
  4. Comprehensive Benefits: Turkish citizenship offers the right to live, work, and study in Turkey, visa-free travel to over 120 countries, and the possibility of passing citizenship to future generations

Considerations for Investors

  • Dual Citizenship: Turkey allows its citizens to hold multiple citizenships, provided the other countries also permit it.
  • Family Inclusivity: Spouses and children of investors are eligible for Turkish citizenship, with no additional investment required.
  • Transparent Fees: A government fee of $574 applies per family member under the citizenship program.
  • Investment Flexibility: The required investment can be made in various forms without depending on the investor's family composition.

Investment Routes

  1. Real Estate Investment: A favored choice, necessitating a $400,000 minimum investment in real estate. Although combining multiple properties to meet the investment threshold is no longer permitted, the investment in housing, commercial facilities, or a qualifying land plot is viable. After three years, the property can be sold, albeit the subsequent buyer is ineligible for the CBI program. The investment in real estate incurs a property tax and a stamp duty tax of around $14,000 for properties valued at $400,000, with the necessity to convert foreign currencies into Turkish Liras to finalize transactions.
  2. Business Investment: This entails injecting at least $500,000 into the capital stock of a Turkish company or generating at least 50 jobs.
  3. Bank Deposit: Committing $500,000 to a Turkish bank, with withdrawal options available after three years. The total can be distributed across several banks operating in Turkey.
  4. Government Bonds and Investment Funds: Engaging $500,000 in government bonds or investment fund units, with sell-off opportunities post three years.

Steps to Citizenship

  1. Obtain a Turkish Tax ID and open a bank account in Turkey.
  2. Select and finalize your investment route, potentially involving real estate purchases, business investments, or financial contributions.
  3. Apply for a residence permit, a prerequisite for the citizenship application.
  4. Submit the citizenship application, including all required documents and proof of investment.
  5. Undergo due diligence, with a process taking 3-4 months, after which citizenship is granted.

Family Inclusion and Due Diligence

  • The main applicant can include their spouse, dependent children below 18, and children of any age living with disabilities.
  • Due diligence checks are thorough, ensuring applicants are of good character and have no outstanding visa refusals or illegal stays in Turkey.

Tax and Military Service Considerations

  • Turkish tax residents are taxed on worldwide income, with progressive rates up to 35%. Real estate taxes, capital gains tax, and inheritance taxes apply, with specific exemptions and rates depending on the property and investment type.
  • Turkish citizenship exempts foreign citizens from mandatory military service.

Egypt

Egypt's Citizenship by Investment Program, unique in the Arabic world along with Jordan, offers a strategic pathway to citizenship since its inception in 2021.

Investment Options

The program provides four investment routes, each designed to cater to different investor needs:

  1. Donation: Commit a $250,000 non-refundable contribution to Egypt’s public treasury for direct citizenship.
  2. Real Estate Investment: Invest a minimum of $300,000 in real estate projects, including land plots, residential, and commercial properties. The investment must be maintained for five years.
  3. Business Investment: Inject $350,000 into a new or existing Egyptian business plus a $100,000 donation to the state's treasury. Investors must hold at least a 40% stake and maintain the investment for five years.
  4. Bank Deposit: Deposit $500,000 in the Central Bank of Egypt, refundable after three years without interest, reimbursed in Egyptian pounds at the most favorable exchange rate.

Investments can be spread over one year and must be transferred from abroad.

Advantages for Investors and Families

  • Global Mobility: Enjoy visa-free or visa-on-arrival access to 72 countries, including Hong Kong, Macau, and more. Egypt is the only country with citizenship by investment that offers visa-on-arrival access to Nigeria.
  • US E-2 Visa Eligibility: Egyptian nationals can apply for the US E-2 (treaty investor) visa.
  • Family Inclusion: Include spouses, children under 21, and multiple wives in case of polygamy. Spouses are eligible for citizenship after two years.
  • Dual Citizenship: Retain your original nationality with no obligation to renounce it. Note that dual nationals are exempt from military service and cannot be elected to Parliament or register in military and police academies.
  • No Residency or Language Requirements: A single visit to Egypt for an interview simplifies the application process.
  • Economic Opportunities: Gain rights to own businesses, access education, healthcare benefits, and freely purchase real estate, including in the Sinai peninsula.
  • Hereditary Citizenship: Pass citizenship onto future generations.

Detailed Application Process

The application process is straightforward and inclusive, generally taking 6 to 9 months, with initial decisions often made within 3 months:

  1. Application Submission: Complete and submit the application form with all required documents to the Naturalization Application Screening Unit, available in-person or online.
  2. Initial Payment and File Number: Transfer $10,000 to the Egyptian Central Bank account of the Egyptian Nationality Unit to secure a unique file number.
  3. Preliminary Review: Undergo a thorough review, including security checks, to receive preliminary approval within 3 months.
  4. Temporary Residence: After preliminary approval, obtain a 6-month temporary residence to finalize documentation and investment evidence.
  5. Final Assessment: Meet all criteria and submit documents for the final recommendation to the Egyptian Prime Minister for citizenship approval within 3 months.

Required Documentation

Ensure the inclusion of the following documents with your application:

  • Original Application Form with additional information for citizenship.
  • Payment Verification for the $10,000 filing fee to the CBE.
  • Passport Copies to verify nationalities.
  • Birth Certificate, original or certified copy.
  • Three recent passport-sized Identity Photos.
  • Nationality Acknowledgment for any additional nationalities held.
  • Spouse’s Passport Copies and Marriage Certificate.
  • Children’s Documents for any minor children.
  • Criminal Record from Egyptian authorities.
  • Movement Certificate for the past five years.
  • No Criminal Conviction Certificate, attested by the Egyptian Ministry of Foreign Affairs.
  • Investor’s Asset Documentation if owning shares in a company.
  • Medical Examination Report and Investment Proof to be submitted during residency.

Special Considerations and Additional Fees

  • Military Service: Exemption for sons of the main applicant.
  • Revocation of Citizenship: Possible for those found engaging in illegal activities.
  • Investment Payment and Refunds: Payable in installments within a year. Total payment refunded, excluding a $10,000 government fee, in case of refusal.
  • Administrative Fee: A non-refundable $10,000 fee applicable to all options.
  • Document Translation and Notarization: Costs may exceed $1,000.
  • Legal Fees: Range between $5,000 and $10,000 based on application complexity.
  • Eligibility: Applicants must be at least 21 years old, have a clean criminal record, undergo a medical examination, and provide proof of source of funds.

Cambodia

Cambodia stands as an enticing destination for adventurers and forward-thinking investors alike, boasting a burgeoning frontier market ripe with possibilities. Particularly appealing to young entrepreneurs and astute foreign investors, Cambodia presents itself as an emerging hub for those seeking to capitalize on its promising economic landscape.

The Path to Cambodian Citizenship: Fast-Track Options

For those eyeing Cambodian citizenship, the country offers an expedited naturalization process, completing within a swift 3 to 4 months. This pathway is accessible to foreign applicants who opt to either make a significant donation of US$245,000 to the Royal Government or invest a minimum of US$305,000 in government-approved projects.

Investment Options

Cambodia's Citizenship by Investment (CBI) program features various routes to qualification, providing flexibility to suit different investor preferences:

  1. Donation Option: A straightforward route involves a US$245,000 donation to the Royal Government, directly contributing to the nation's economic development initiatives.
  2. Investment Options: Alternatively, investors can choose to inject a minimum of US$305,000 into pre-approved projects sanctioned either by the Cambodian Development Council (CDC) or the Royal Government.

Fees and Requirements

Beyond the initial investment, applicants should factor in additional fees to streamline the citizenship acquisition process:

  • A US$5,000 deposit initiates the application process.
  • Pre-submission entails a US$25,000 fee.
  • Upon government approval, a further US$40,000 is required.
  • Finally, a US$15,000 payment is made upon passport collection.

Furthermore, a US$5,000 fee applies for each dependent, spouse, or child under 18 seeking citizenship after the principal applicant's approval, with the process typically spanning 3 to 6 months.

Prospective applicants must meet fundamental eligibility criteria:

  • Be aged 18 or above.
  • Possess a valid passport and visa for entry into Cambodia.
  • Demonstrate sound mental and physical health.

While the formal requirements are clear, the process can be nuanced. Securing Khmer citizenship often involves navigating informal channels, with connections to the Cambodian monarchy playing a pivotal role. Direct authorization from the King of Cambodia can expedite the investment approval process, underscoring the significance of personal networks in this endeavor.

Beyond the allure of citizenship, Cambodian nationality opens doors to lucrative investment opportunities, notably in the realm of real estate. Owning land in Cambodia becomes accessible, making a Cambodian passport a strategic asset for those eyeing property investments in the region.

Jordan

In February 2018, Jordan unveiled a pioneering Citizenship by Investment (CBI) program, marked by Regulation No. 28 of 2018, setting a new precedent for investment-driven nationality options in the region.

Investment Pathways to Citizenship

Jordan's CBI program is distinguished by its flexible investment options, starting with a minimum investment threshold of USD 750,000.

  1. Bank Deposits and Treasury Bonds: Investors can opt for a dual investment approach by placing a zero-interest deposit of USD 1 million in the Central Bank of Jordan (CBJ) for three years and purchasing treasury bonds worth USD 1 million offering an interest rate decided by the CBJ and held for six years.
  2. Company Shares and/or Units: An investment of at least USD 1.5 million in shares or units of Jordanian companies is another route, with a holding period of three years, overseen by the Companies Control Department and/or the Jordan Securities Commission.
  3. Small and Medium Enterprises (SMEs): Launching an SME in designated economic sectors with a capital of USD 1 million in Amman (or USD 750,000 outside Amman) that creates at least 20 jobs (10 jobs outside Amman), as verified by the Social Security Corporation.

Key Benefits for Investors

  • Global Mobility: Visa-free or visa-on-arrival access to 65 countries, including Turkey, Hong Kong, and South Africa.
  • Family Inclusivity: Citizenship extends to the investor's spouse, children under 18, unmarried, widowed, or divorced daughters, and dependent parents. Remarkably, for investments exceeding USD 3 million, male children under 30 and their families also become eligible for citizenship, broadening the scope of family inclusion.
  • Real Estate Ownership: The right to purchase property across Jordan.
  • E-2 Visa Opportunity: Eligibility for the E-2 Investor Visa in the USA, thanks to a treaty between Jordan and the USA.
  • No Residency Requirements: Except for bank deposit and treasury bond options, which require at least one month of residency before citizenship is granted.
  • Enhanced Quality of Life: Access to Jordan's reputable healthcare and education systems

Application Process and Requirements

Jordan's CBI program limits its annual applications to 500 to maintain exclusivity and thorough vetting. The process, taking approximately three months, involves:

  • Completing application forms and submitting them with the requisite fees and supporting documents.
  • Undergoing due diligence checks and choosing an investment route.
  • After investment fulfillment, the Jordanian government reviews the application for final approval.

Additional Pathways: Permanent Residency

Beyond CBI, Jordan offers a five-year residency to investors purchasing property worth at least JOD 200,000, with a retention period of five years.

Financial Commitments

The financial aspects of obtaining citizenship through investment in Jordan include:

  • Application Fee: $10,000 per applicant.
  • Due Diligence Fee: $5,000 per applicant.
  • Legal Services: Ranging from $15K to $40K.

What Clients Say

Europe Residency by Investment

Budget Considerations:

  • For donation-based entry: Malta offers the lowest financial threshold.
  • For traditional investments: Hungary and Latvia are most accessible, with a minimum investment of EUR 250,000.


Types of Investments:

  • Real estate opportunities are available in Spain, Greece, and Latvia.
  • Investment funds can be accessed in Hungary and Portugal.
  • Donation options are primarily featured in Malta.


Visa-Free Travel:

  • All mentioned countries provide visa-free travel within the Schengen zone.


Pathway to Citizenship:

  • Portugal offers citizenship eligibility within five years with a minimal physical presence requirement of only seven days per year
  • Malta also offers a pathway to naturalization within five years but requires a more substantial residence period of 48 months.

Effective August 1st, 2024, the investment threshold for Greece's residency program is set to increase substantially. Currently standing at 250,000 euros, this threshold will escalate to up to 800,000 euros. 

Investment Details

Criteria

Cyprus

Investment Details

Minimum Investment

€250,000

€ 250,000

€250,000

€12,000

€500,000

€ 500,000

€ 250,000

€300,000

Investment Type

Real estate

Real estate fund

Government bonds

Property lease 

Investment fund

Real estate

Innovative startup

Real estate

Non-Investment Requirements

N/A

N/A

Minimum income of €15,480

Minimum net worth of €500,000, donation of €2,000

N/A

Minimum income of €28,800

N/A

Minimum income of €50,000

Minimum Holding Period for Investment

5 years

5 years

5 years

5 years

5 years

5 years

5 years

5+ years

Program Specifics and Cost

Criteria

Cyprus

Program Specifics

Processing Time

16 months

3 months

1-3 months

4-6 months

18 months

5-7 months

3-4 months

2-4 months

Residence Permit Validity

5  years

10 years

5 years

5 years

2 years

5 years

2 years

10 years

Minimum Stay Requirement

N/A

N/A

N/A

N/A

14 days/ 2 years

N/A

N/A

Visit every 2 years

Application Processing Fee

€2,000

TBD

€12,650

€98,000

€8,500

€153

N/A

N/A

Costs

Cost for 1 Adult

€277,000

€250,000

€262,650

€112,000

€508,500

€500,153

€ 250,000

€300,500

Cost for 2 Adults

€277,150

€250,000

€262,650

€112,000

€517,000

€500,306

€ 250,000

€300,570

Cost for 2 Adults + 2 Children

€277,150

€250,000

€262,650

€112,000

€534,000

€500,612

€ 250,000

€300,710

Cost for 2 Adults + 3 Children

€277,150

€250,000

€262,650

€112,000

€542,500

€500,765

€ 250,000

€300,780

Cost for 2 Adults + 4 Children

€277,150

€250,000

€262,650

€112,000

€551,000

€500,918

€ 250,000

€300,850

Citizenship and Residency

Criteria

Cyprus

Citizenship and Residency

Dual Citizenship Allowed

Yes

Yes

No

Yes

Yes

No, with exceptions

Yes

Yes

Eligibility for Citizenship

7 years

8 years

10 years

5 years

5 years

10 years

10 years

5 years

Minimum Stay Requirement for Citizenship

Continuous Residence

Continuous Residence

Continuous Residence

48 months/5 years

14 days/ 2 years

183 days per year

183 days per year

5 years/7 years

Other Requirements for Citizenship

Citizenship test in Greek language, history and culture, being a tax resident, no criminal record

Citizenship test in Hungarian language

Citizenship test in Latvian language, history and culture, nor ciminal record, tax or other debts

Knowledge of Maltese or English

Language test in Portuguese, clean criminal records, no tax liabilities

Knowledge of language, history and culture, no criminal record or debts

Knowledge of Italian at a B1 level

N/A

Family Inclusion 

Criteria

Cyprus

Family Inclusion

Children Age Limit

Under 21

Under 18 or dependent

Under 18

Financially dependent

Under 18 or dependent

Under 18 or dependent

Under 18 or disabled

Under 25, dependent and unmarried

Parents Age Limit

Any age

Over 65 or dependent

Disabled

Dependent

Over 65

Dependent

Dependent

N/A

Siblings Inclusion Criteria

N/A

Additional Considerations

Criteria

Cyprus

Additional Considerations

Visa-Free Travel

Schengen countries

Eligibility for 5-year Schengen Visa

Local Employment Allowed

No

No

Yes

Yes

Yes

Yes

Yes

No

Population

10,432,481 (643,452 in Athens)

9,597,085 (1,763,913 in Budapest)

1,842,226 (609,489 in Riga)

519,562 (5,827 in Valetta)

10,343,066 (548,703 in Lisbon)

48,592,909 (3,223,334 in Madrid)

58,853,482 (4,355,725 in Rome)

1,267,484 (310,355 in Nicosia)

Human Development Index

(higher score is preferable)

0.89, 33rd

0.85, 47th

0.88, 37th

0.92, 25th

0.87, 42nd

0.91, 27th

0.9, 30th

0.9, 29th

Political Stability Index (higher score is preferable)

49.06

67.92

60.38

80.66

75.94

53.3

58

74

Criminality Score (lower score is preferable)

5.35

4.62

3.9

5

4.88

5.9

6.22

4.43

Learn More About Each Program

Greece

As a proud member state of the European Union, Greece offers a plethora of enticing benefits to its residents and citizens. From a strong emphasis on safety and security to top-tier educational institutions and healthcare facilities, Greece provides a welcoming environment for individuals and families alike.

Introduced in 2013, the Greek Golden Visa Program presents a golden opportunity for non-EU nationals and their families to secure a five-year residence permit through a real estate investment as low as €250,000. 


Key Benefits of the Greece Golden Visa Program

  1. Visa-Free Travel: Enjoy seamless travel across Europe's Schengen Area without the hassle of obtaining additional visas.
  2. No Residency Requirement: Unlike many other residency programs, the Greek Golden Visa Program doesn't mandate continuous residency in Greece, granting you the flexibility to travel or reside elsewhere.
  3. Investment Opportunities: Leverage your investment by renting out the property, potentially generating additional income streams.
  4. Family Inclusion: Extend the benefits of the program to your immediate family members, including your spouse, children under 21, and parents.
  5. Path to Citizenship: After residing in Greece for seven years, you become eligible to apply for citizenship, further solidifying your ties to this vibrant Mediterranean nation.


Requirements of the Greece Golden Visa Program
To qualify for the Golden Visa in Greece, applicants must meet the following criteria:
- Non-EU Citizenship: Applicants must hold citizenship from a non-EU/EEA country.
- Age Requirement: You must be at least 18 years old to apply.
- Clean Criminal Record: A clear criminal record is a prerequisite for eligibility.
- Medical Insurance: Ensure you and your family have adequate medical insurance coverage.
- Good Character: Applicants should demonstrate good character and conduct.
The program offers various investment options, including real estate, capital transfer, shares, bonds, and government bonds, catering to diverse investor preferences and financial capabilities.

Application Process and Timeline
Embarking on your Golden Visa journey in Greece involves several straightforward steps:
1. Property Selection: Choose your preferred property in accordance with the program's investment criteria.
2. Legal Formalities: Complete legal procedures, such as obtaining a Greek Non-Resident Tax number and opening a bank account.
3. Property Acquisition: Acquire the selected property through due diligence and legal documentation.
4. Application Submission: Compile and submit all required documents for your Golden Visa application.
5. Biometric Data Submission: Visit Greece to submit biometric data to the relevant authorities.
6. Visa Approval: Upon approval, receive your Golden Visa Residence Card, marking the commencement of your residency in Greece.
7. Renewal and Citizenship: Renew your residence permit every five years and explore the pathway to Greek citizenship through continuous residence and integration into Greek society.

Hungary

Since joining the EU in 2004, Hungary has become a sought-after destination for those seeking a vibrant and secure place to call home. In November 2023, the Hungarian government introduced a groundbreaking legislative proposal, offering investors the opportunity to obtain a residence permit through the innovative Guest Investor Residence Permit, valid for an impressive ten-year period.

Designed exclusively for non-EU and non-EEA citizens, the Hungarian Golden Visa presents three compelling investment avenues:

  1. Real Estate Investment: Choose from a diverse range of residential properties or invest in local real estate funds.
  2. Direct Real Estate Acquisition: Secure your residency by acquiring real estate valued at €500,000 or above.
  3. Philanthropic Contribution: Make a lasting impact by donating €1 million to an institution of higher learning.

Streamlined Application Process

Embark on your residency journey with ease through a straightforward application process:

  1. Documentation: Submit essential documents including the application form, passport, proof of funds, and any additional requirements.
  2. Approval: Await approval from Hungarian authorities, typically processed within 90 days.
  3. Investment: Fulfill the minimum investment requirement, starting from €250,000, to obtain your ten-year residence permit.

Investment Options in 2024

As of 2024, investors can choose from three distinct investment thresholds:

  • €250,000: Real Estate Investment Fund
  • €500,000: Direct Real Estate Acquisition
  • €1 million: Philanthropic Contribution

Inclusive Residency for Your Family

  • Family Inclusion: Include your spouse, children under 18, and dependent adult children in your application.
  • Parental Inclusion: Extend residency to your parents aged 65 and over without the need to prove dependency.

Benefits of Hungary's Golden Visa Program

  • Efficiency: A swift pathway to European residency with minimal bureaucracy.
  • Travel Freedom: Visa-free access to the EU Schengen Zone for seamless travel.
  • Flexible Residency: No minimum stay requirements, granting you the freedom to travel at your leisure.
  • Security: Reside in one of the world's safest countries, ranked 17th on the Global Peace Index 2023.
  • Accessibility: Entry to Hungary even during border closures for tourists.
  • Affordability: Enjoy a high standard of living at a lower cost compared to other European countries.
  • Financial Accessibility: Open bank accounts and conduct business operations with ease.
  • Healthcare and Education: Access high-quality healthcare and education facilities for you and your family.
  • Business Opportunities: Explore entrepreneurship and employment prospects within Europe.
  • Tax Optimization: Benefit from favorable tax regimes for financial optimization.

Latvia

Established in 2010 by the Latvian government, this initiative swiftly became a beacon of economic revitalization post the 2007–2009 financial crisis. By 2015, the program had injected over EUR 1.3 billion into Latvia's economy, largely fueled by foreign real estate investments.

Benefits

  • Schengen Access: Gain visa-free entry to Europe's Schengen Area.
  • Flexible Stay: No minimum residency requirements for permit renewal.
  • Swift Process: Enjoy a fast-track application procedure.
  • Linguistic Ease: Russian widely spoken, facilitating seamless integration.
  • Superb Connectivity: Benefit from excellent transport links to Russia and other EU nations.
  • Pathway to Citizenship: Eligibility to apply for citizenship after 10 years of legal residence.

In addition to these advantages, the program offers access to quality education, healthcare, and more, making Latvia an ideal destination for investors seeking a high quality of life.

Inclusive for Families

The program extends its benefits to family members as well. Spouses, dependent children, and even dependent parents can obtain a Latvia Golden Visa through a single application.

Requirements Simplified

The eligibility criteria for the Latvia Residence by Investment Program are straightforward:

  • Individuals over 18, with no criminal record and a sufficient income, can apply.
  • Commit EUR 50,000 into a Latvian company's equity capital (with annual tax payments of at least EUR 40,000).
  • Make a one-time payment of EUR 10,000 to the state budget.
  • Demonstrate financial capability to sustain family's standard of living.

Investment Options

Investors can choose from various investment avenues:

  • Business Investment: €50,000
  • Financial Investment: €280,000
  • Government Bonds: €250,000

Seamless Procedures

The application process is designed for efficiency:

  1. Complete Investment Requirement: Start by fulfilling the chosen investment criteria.
  2. Document Submission: Work with an agent to compile and submit necessary documents, including passport copies, proof of income, and investment confirmation.
  3. Approval and Residence Permit: Expect processing times of 30–90 days. Once approved, visit Latvia to collect the temporary residence permit, valid for five years with annual renewal.

Towards Permanent Residency

After five years, applicants can apply for permanent residency. Requirements include four years of residency, passing a basic Latvian language test, and knowledge of Latvia's history and anthem. Renunciation of former citizenship may be required, with exceptions possible.

Malta

Nestled in the heart of the Mediterranean Sea, Malta boasts an enviable reputation for its idyllic climate, welcoming locals, low crime rates, and exceptional quality of life.


Benefits of Maltese residence through investment extend beyond mere residency. Qualified individuals may pursue second citizenship through Malta's investment programs, contingent upon fulfilling requirements such as due diligence fees and a commitment to national development.

Embrace the advantages of Maltese residency, including:
- Visa-free access across Europe's Schengen Area for 90 days within a 180-day period
- Indefinite residence rights in Malta
- Investment commitment required only for the initial five years
- No strict residency obligations
- Inclusion of family members in the application process

To qualify for the Malta Permanent Residence Program, the main applicant must be at least 18 years old and possess capital of no less than EUR 500,000, with EUR 150,000 in liquid financial assets. Additionally, applicants must fulfill the following requirements:

- Property purchase of EUR 350,000 (EUR 300,000 in South Malta or Gozo) or property lease of EUR 12,000 per annum (EUR 10,000 in South Malta or Gozo) for a minimum of five years
- Contribution to the Maltese economy ranging from EUR 28,000 to EUR 58,000, depending on the chosen investment option
- Donation to a registered non-governmental organization of EUR 2,000
- Non-refundable administration fee of EUR 40,000

The application process for the Malta Permanent Residence Programme is straightforward. After submitting the application to the Residency Malta Agency, successful candidates undergo rigorous due diligence checks before being issued a residence permit. The agency grants a Maltese residence certificate to approved applicants, paving the way for European residency.

Ensuring compliance with all documentation requirements is paramount. Applicants must provide a range of documents, including valid passports, criminal records, and proof of financial stability. Upon approval, residents are granted a residence card valid for five years, renewable thereafter. Annual compliance checks ensure continued adherence to program requirements.

Portugal

This program, formally known as the Portugal Golden Residence Permit Program, offers a pathway for non-EU nationals to obtain a five-year residence permit, with the option to pursue permanent residence or citizenship after a qualifying period. Renowned for its stability, lifestyle, and strategic location within the European Union, Portugal has become a favored destination for global investors looking to secure their future.


Investment Options and Flexibility

The Golden Visa Program provides investors with a range of options to tailor their investment strategy to their preferences and objectives. From supporting arts and cultural heritage to financing research activities, purchasing investment fund units, or contributing to the business landscape, applicants can choose the avenue that aligns best with their goals. Notably, investors who opt for investment fund units can recoup their initial investment within 5—10 years by divesting their assets.

Benefits of the Golden Visa 

  1. Visa-Free Travel and Residence Rights: Holders of the residence permit enjoy visa-free access to Europe’s Schengen Area and have the right to live, work, and study in Portugal.
  2. Minimal Physical Presence Requirement: With an average stay of just seven days per year over the five-year period, investors can fulfill residency obligations while maintaining flexibility in their global endeavors.
  3. Superior Quality of Life: Portugal’s allure lies in its rich history, vibrant culture, exquisite cuisine, and breathtaking landscapes, offering residents an unparalleled quality of life.
  4. Access to Healthcare and Education: Residents benefit from a robust healthcare system and can avail themselves of top-tier educational institutions for their families.
  5. Tax Optimization: The Non-habitual Resident (NHR) status provides significant tax advantages, including exemption on global income and reduced tax rates on local earnings.
  6. Citizenship Eligibility: After five years of residency, investors can apply for permanent residence or citizenship, affording them the opportunity to live, work, and travel freely within the European Union.
  7. Investment Flexibility: With various investment pathways, including capital transfer, business creation, and support for cultural endeavors, investors can diversify their portfolios while securing residency.

Family members eligible for inclusion in the Golden Visa application are:

  1. Spouse: The program recognizes the importance of spousal relationships, allowing legally recognized spouses or life partners to accompany the main applicant in their pursuit of residency.
  2. Children: Dependent children under the age of 18 are eligible for inclusion in the application process. Moreover, children of any age who are full-time students and dependent on the main applicant may also be included, ensuring continuity in their educational pursuits.
  3. Parents: The program extends its inclusivity to the parents of either the main applicant or the spouse, provided they are dependent. This provision acknowledges the significance of familial support and ensures the well-being of elderly parents.

Streamlined Application Process 

  1. Expression of Interest & Pre-Approval: Applicants initiate the process by submitting an expression of interest online, followed by a pre-approval stage where the investment activity is assessed.
  2. Submission of Documents: Upon pre-approval, applicants compile and submit their application along with requisite documentation.
  3. Biometric Data Collection: Following document verification, applicants provide biometric data during a scheduled appointment with the Portuguese Immigration and Border Service (SEF).
  4. Analysis and Approval: SEF conducts a thorough review, including background checks, before granting approval, a process that may take several months.
  5. Issuance of Residence Permit: Successful applicants receive their residence permit, paving the way for residency in Portugal.

Spain

Launched in 2013, the Spain Golden Visa Program beckons affluent foreigners to invest in local real estate, stimulate job growth, and engage in securities transactions.

Applicants are presented with six investment pathways. They can invest in property, government bonds, or shares of Spanish companies, deposit funds in a Spanish bank, or venture into businesses or investment funds, with a minimum investment threshold of €500,000.

What sets the Golden Visa apart is its leniency: no language or cultural exams are required, and residency in Spain is not mandatory. Moreover, investors are permitted to lease out their investment properties.

To sustain residency, investors must maintain their investment. After five years, permanent residency can be secured, paving the way for citizenship application, though relinquishing the original passport is mandated.

Benefits of the Spain Golden Visa
1. Visa-Free Schengen Travel: Holders enjoy visa-free travel within Schengen countries, allowing stays of up to 90 days in a six-month period.
2. Comprehensive Family Residency: Spouses, unmarried dependent children, and dependent parents of the main applicant can obtain residence permits under the Golden Visa program.
3. No Educational or Business Experience Requirements: Applicants are not obligated to demonstrate proficiency in Spanish, academic qualifications, or business acumen.
4. Secure Haven Creation: A residence permit offers the flexibility to visit Spain regardless of border restrictions.
5. No Residency Mandate: Investors and their families are not bound to reside in Spain, needing only to visit periodically to extend the residence permit.
6. Access to European Services: Children gain access to Spanish education, while the entire family can avail themselves of healthcare services within the Schengen area.
7. Work and Business Opportunities: Investors and their families can obtain work permits and explore entrepreneurial ventures in Spain.
8. EU Citizenship in 10 Years: Permanent residence is attainable after five years, with citizenship eligibility following five additional years.

Requirements and Investment Options
The Spain Residence by Investment Program necessitates investment in real estate, financial instruments, or government bonds, with varying minimum values. Additional requirements include financial solvency, health insurance, and clean criminal records.

Application Process
The application entails selecting an investment route, followed by securing legal representation to facilitate investment and visa applications. Subsequent steps involve biometric data submission and consulate appointments, culminating in a wait for approval, typically spanning one to three months.

Unrestricted Path to Permanent Residence and Citizenship
Renewal of the residence permit hinges on maintaining the validity of the investment and a minimum stay in Spain. Permanent residence requires continuous residence for five years, with citizenship attainable after ten years, accelerated for certain nationalities.

Italy

Italy, with its rich cultural heritage and strategic Mediterranean location, offers an enticing prospect for those seeking residency in Europe. As a founding member of the EU and boasting the third-largest economy in the eurozone, Italy provides a high standard of living, quality education, and healthcare, making it an appealing choice for relocation.

The Golden Visa, also known as the Italian Investor Visa, presents an opportunity for non-EU citizens to secure a residence permit by investing €250,000 or more in the country's economy. This program caters to individuals interested in residing in Italy or exploring visa-free travel within Europe.

Key features of the Italy Golden Visa program include:

- Visa-Free Travel: Holders of Italian residence permits can travel visa-free within the EU and Schengen Area, staying up to 90 days out of 180 days.

- Path to EU Citizenship: The Italy Investment Visa serves as a pathway to EU naturalization, with Italian citizenship attainable after ten years of continuous residency.

- Quality of Life: Italy offers a comfortable environment for living, working, and raising a family, with access to employment opportunities, educational institutions, healthcare services, and a vibrant cultural scene.

- Cultural Riches: Renowned for its picturesque landscapes, historic landmarks, and artistic legacy, Italy beckons with its UNESCO World Heritage Sites and cultural treasures.

- Educational Opportunities: Children of visa holders benefit from access to European tertiary education, with lower tuition fees compared to international students.

- Tax Advantages: Eligible investors may avail themselves of a special tax regime, providing exemptions on profits earned outside Italy and favorable conditions for a fixed annual tax.

- Market Access: Italy's robust economy offers diverse business prospects within one of the world's major markets, attracting investors seeking growth opportunities.

The application process involves meeting certain criteria, including:

- Financial Requirements: Applicants must demonstrate sufficient funds for investment and residency.

- Documentation: Submission of necessary documents, including proof of funds, a clean criminal record, and health insurance.

Family members eligible for inclusion in the visa application encompass spouses, dependent children, and parents under specific conditions.

The Italian government's commitment to fostering international investment is exemplified through the Golden Visa program, which offers various investment avenues, including government bonds, company investments, startups, and philanthropic initiatives.

The application journey involves obtaining a Nulla Osta, submitting required documentation, and securing an entry visa and residence permit within the specified timeframes.

With a validity period of two years, the Italy Golden Visa presents opportunities for renewal, contingent upon continued investment and adherence to program requirements, offering a pathway to long-term residency and potential citizenship in this culturally rich and economically vibrant nation.

Cyprus

With its stunning beaches and Mediterranean climate, Cyprus is an ideal destination for non-EU nationals seeking permanent residence. The Cypriot government's commitment to boosting foreign investment and economic growth is evident through Regulation 6(2) of the Aliens and Immigration Regulations, which allows the Ministry of Interior to grant residence permits to non-European investors.

Benefits of the Cypriot Golden Visa
- Tax Optimization: Benefit from no tax on global income and inheritance, and enjoy low property and income tax rates. Cyprus boasts one of the lowest corporate tax rates in Europe at 12.5%.
- Efficient Application Process: Enjoy a streamlined application procedure with a high approval rate when all criteria are met.
- Flexible Residency Requirements: While you do not need to reside in Cyprus, a visit once every two years is mandatory.
- Educational Opportunities: Dependents can attend high-quality private schools offering English language courses.
- Family Inclusion: Residence permits extend to the main applicant's spouse and children under 25 years.
- Remote Processing: Complete the entire process remotely, except for the biometric capture.
- Pathway to Citizenship: Eligible to apply for Cypriot citizenship after five years of residence in a span of 7 years.
- Investment Return: After five years, investors can recoup their investments by selling their properties if they acquire citizenship or permanent residence.


By investing a minimum of €300,000 (plus VAT) in real estate, you and your family can become residents of Cyprus. Your application will be processed, and you will receive your residence permit within two-four months.

Investment Options

Invest at least €300,000 in:
- Residential or commercial real estate
- Shares of Cypriot companies
- Local investment funds

Dependents Include:
- Spouse
- Dependent children up to 25 years old

Requirements

- Invest a minimum of €300,000 in Cypriot real estate.
- Provide evidence of a secured annual income of at least €50,000 from outside Cyprus.
- Additional income requirements: €15,000 for a spouse, and €10,000 for each dependent child.
- Maintain a clear criminal record and good health.
- Visit Cyprus every two years.

Application Process

1. Prepare Application Pack: Collect standard translated and apostille documents, medical insurance, and a basic CV of the primary applicant.
2. Proof of Income: Confirm and document secured annual income.
3. Transfer Funds: Complete the investment by transferring funds to a local bank account.
4. Submit Application: Submit the completed application pack.
5. Approval and Biometrics: Approval usually takes 2-4 months. Afterward, visit Cyprus within a year to complete biometrics and obtain permanent residence permits.

Pathway to Citizenship

Applicants can apply for citizenship after five years of continuous residency within a seven-year period.

Why Choose Us
Decade of Excellence

Over 10 years of specialized experience in immigration and business setup.

Tailored Solutions

Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, providing bespoke legal strategies for each client.

Fast & Fluent Communication

We prioritize your concerns with a 24-hour response policy and communicate effectively in both English and Russian.

Client-Centered Approach

At Vardanyan & Partners, client care is paramount. Our emphasis on honesty and transparency ensures that you are always informed and confident in your legal journey.

Secure Transactions

Benefit from our secure online payment system without the worry of hidden charges.

Reputable & Reliable

Established in 2012, Vardanyan & Partners has built a reputation for excellence and reliability. With our team, you are not just hiring attorneys; you are partnering with insured legal experts committed to your success.

What Makes Armenia a Good Choice for Residency 
No Stay or Visit

Maintaining residency in Armenia does not require physical presence; remote application is possible.

Fast and Easy

The residency application usually takes about 80 days and only a valid passport is required. 

Family Covered

Residents can sponsor extended family for residency (parents, siblings, grandchildren, etc.) 

Citizenship Path

After living in Armenia for three years, citizenship can be obtained. Dual citizenship is allowed.

Nerses Isajanyan

Managing Attorney

LL.M., Georgetown University

Licensed Attorney, Armenia: License no. 903

Licensed Attorney, New York: License no. 5148945

Our firm's reputation rests on more than just legal expertise. We pride ourselves on the values of honesty, transparency, and an unwavering commitment to client care. We recognize the unique opportunities and challenges Armenia presents, and we are here to guide you through them.

For inquiries or to schedule a consultation, you may contact us at [email protected] or +374.99.00.11.67. I look forward to collaborating with you on your journey in Armenia.

Where to find us

Nestled in the heart of the Davtashen district in Yerevan, our office is a stone's throw away from the Migration Service building, ensuring seamless coordination on immigration matters. If you refer to the map above, you will pinpoint our exact location. For those journeying from the city center, anticipate a brief 20-30 minute taxi ride to reach us. We look forward to welcoming you and addressing your legal needs.

Address

4/3 Pirumyanner, 4th Floor, Suite 12 , Yerevan, 0054, Armenia

Phone

+37499001167

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