10 Easiest Countries to Get Permanent Resident in Europe.
With the world shrinking every day, and the incessant advancements made in the fields of
technology and transportation facilities, there seems to be a closing in the gaps of the diverse
lands spread across the blue water. There has been a rise in the opportunities in multitude fields,
ranging from academics, jobs to research and inventions. The concept of permanent residency
relies heavily on a lot of personal and political reasons, which may vary from each geographical
region to another. The heavy population interested in migrating from one space to space,
usually looks for a settled and established system of procedure to facilitate their relocation
easier and faster. Europe has efficiently established itself, as an organized place for
working and growing. With its rich history, making it a culturally aesthetic place, it has an option
to serve everyone’s needs, according to their different time investments and financial needs.
One of the most important factors about settling down in Europe is the heavy economical stability
it demands for survival. One could easily make a heavy donation, of about 250,000 euros to the
arts institution in Portugal, to gain permanent residency and citizenship in the country, or a
simpler financial stability could also be proved by a steady income of about 1200 euros per month,
by an individual. One is also expected to invest up to six months of physical investment into the
country, every year. This option is feasible, if you look forward to growing in your career and
developing it further. Investing into the arts, would demand a physical investment of about a
week, per year, which seems easier and convenient, if you do not wish to pursue anything here. The
financial investment, as a form of citizenship is seen to be a more fruitful venture,
especially if you wish to explore other countries for a better understanding of
what you actually expect from your experiences, and understand your
future goals, for productive endeavours. Welcome to Grace Media, stay with us as we
bring to you the 10 easiest countries to get Permanent resident in Europe.
10. Cyprus. One of the most important factors about settling
down in Cyprus, is that one must make a purchase of about 300,000 euros on a real estate property,
which must be approved by the government as a new development in the country.
While most countries encourage the qualified residential investors to make their investment
in the name of the applicant, Cyprus allows the real estate planning to be more flexible. The real
estate could be considered as an entity to be held under the primary applicant as the main owner,
with the spouse (if, there) to be the beneficiary holder of the estate. A crucial physical
investment of about one year is necessary for applying for citizenship. The approved
applicant must be present in the country at least once in 24 months. Post the successful
maintenance of this cycle for seven years, the process of naturalization can be executed.
9. Thailand. Thailand is an easy country to move to if you
are a highly skilled worker or have enough money to invest in your permanent residence. You can
move to Thailand if you apply for a SMART visa. To get this visa, you have to be a skillful worker in
specific industries, an investor, an executive, or a start-up entrepreneur. Depending on your SMART
visa type, you can live in Thailand for one to four years. Another way you can move to Thailand
is if you have enough money to become a member of the Thailand Elite Residence program. The program
offers seven different options, though one of the most popular ones is the Elite Easy Access,
where you can get a five-year residency within four months with a fee of THB 500,000 or $14,850.
8. Czech Republic. One main reason the Czech Republic
is easy to move to; it has the highest job vacancy in Europe.
The job vacancies make it relatively simple to find employment and move there under a work
visa. You can usually get a work visa for a year and renew it if your work contract is valid. Then,
after five years under a temporary residence permit, you can apply for permanent residency.
Czech Republic work permit is a document that authorizes a foreigner to work legally in this
country. The permit indicates the company that entrusts the execution of work to
the foreigner and the position or the type of work which the foreigner is to perform. The work is
therefore regarded as legal only if the foreigner performs the work identified in the permit.
This means that if the foreigner wants to change jobs in which he is employed, he has to obtain a
new permit. However, there are some circumstances in which the permit remains valid despite a change
in the circumstances for which it has been issued. 7. Spain.
One of the most expensive places under the Golden Visa program, Spain requires a real
estate purchase of at least 500,000 euros. It also demands for a renewal of the residency permit
every two years, whereas in other places, the renewal time period is every five years. Spain’s
program comes with no physical investment into the country though; it taxes non-tax residents on the
specified and owned rental income of real estate, as it is throughout the country. Whether one lives
in the purchased property or not, the rental rate remains the same, irrespective of that.
6. Montenegro. Montenegro, functions without a Golden
Visa program, and offers permanent residency to anyone who invests financially in the country,
with no specified minimum economical purchase to qualify. However, the analytical deduction
commences from, 50,000 euros, making this the easiest and most convenient country, to gain
permanent residency in. One con to the country’s program is there should be an annual renewal of
the permit, thus making the process look like a long trip of the government office. Since,
Montenegro hasn’t yet been included into the EU or the Schengen Zone, gaining residency in here,
isn’t synonymous to an open chance to explore Europe, as it can be in other cases. The
country does not support dual citizenship either. 5. Latvia.
Once deemed to be the perfect place to qualify for European residency, a modification in the
pre-existing laws has witnessed a monetary investment of about 160,000 Euros in the
real estate of the nation, along with a 5% fee of the purchased estate, on the application price.
The more flexible laws of holding your ground in the country include a minimum visit of once
a year to keep up your residency status. However, if one wishes to acquire a second passport, the
physical investment in the country should be more, including a complete 12 month presence in the
country to be able to apply for the second round. There is a certain complexity which needs to
be understood in terms of gaining a complete citizenship. The first five years of permanent
residency are in fact, temporary, and more of a probation permanent residency. Post the successful
completion of these first years, can a resident apply for complete citizenship. Thus, this
is actually a decade long process, which needs to be understood and
analysed completely. There is a certain need to get a grip over the Latvian language in order
to gain citizenship. The country, does not believe in approving dual
citizenship, thus, settling down here should be a well-thought of process,
especially since it asks you let go of your original passport and nationality.
4. Paraguay. Paraguay is considered one of
the easiest countries to immigrate to because of its investment visa and retirement scheme.
Both of these options make it effortless to obtain permanent residency and then citizenship-
granted, there is a catch; you need to be well off in terms of financial means. To get permanent
residency through investment, you can do one of the following: Invest an amount of at least
$5,500 in a bank account- you can deposit the amount in the Paraguayan Central Bank,
Establish a company with a minimum capital of the same amount of $5,000, Buy a piece of land of at
least 10 hectares. After your investment, you can get your residency as fast as three months
and then your citizenship after three years. Within those three years, you have to travel
to Paraguay at least once. On the other hand, the retirement scheme for Paraguay allows you to
gain permanent residency if you can prove that you have a monthly income of at least $1,300.
3. Malta. The investment program of Malta allows one
to invest in real estate of about 350,000 euros, or donate upto 650,000 to the social fund among
other financial investment plans issued by the authoritative body. If you are planning to apply
wit your spouse, an additional investment of about 25,000 euros is needed, with a physical
investment of about six months in the nation. If an individual is applying for citizenship,
then staying in the country for at least a year is a mandatory criterion for application. These
various programs of economical involvement are called fast track programs. One can also be added
into the list of the qualified members, if a real estate worth 320,000 euros has been purchased,
along with an additional donation of 30,000 euros to the government of Malta. The donation is
an investment that cannot be reimbursed, unlike the real estate and government bonds,
which will be yielding beneficiary results. One of the major attractions of settling down in Malta
involves the deflated tax rate of 15% applicable on foreign sourced income, with English being one
of the official languages in the country. 2. Greece.
One of the cheapest residency programs, with minimal financial investments needed, the
permanent residency program offered by Greece, is one of the cheapest as compared to other European
residency programs. The county supports flexible values of real estates, in order to allow everyone
to be able to afford the living expenditures, required for sustenance. Another important
reason that could be credited to the country’s low real estate prices could be attributed to
its recovery from the prolonged, national debt crisis, which could refer to the 250,000 financial
investment being a rather profitable deal here, making one eligible to access some of the most
mesmerising properties, around the country. Also, Greece provides an interesting option to combine
property acquirements to reach the specified mark of 250,000 euro threshold. One of the most notable
features of using financial investment in real estate to reach the 250,000 euro threshold in
Greece is that the country does not ask for any physical investment. One can easily acquire a
physical property, and then travel all around the Schengen zone, without ever being stressed about
spending time in Greek. However, this must not be mistaken, for there is a crucial need for a
one time visit which, required in settling the real estate paper work and approval. Acquiring
a Greek passport, is another ball game, since it requires the basic proficiency in the Greek
language with physical investment for verification and approval. If you are planning to bring up your
children in Greece, it is essential to note that Greece mandates military service for men
under the age of 45. 1.Portugal.
One can easily make the cut for Portugal’s Golden Visa program by donating
generously to the scientific or art culture, or by simply making a purchase in the real estate.
This being the easiest option, is also the most preferred, and demands high monetary involvement
for its successful completion. Be it an ancient property demanding 350,000 euros or simply a newer
property of 500,000 eurs, there is a price range for all to suit their needs and benefits.One of
the key requirements for maintaining your Golden Visa residency calls for spending at least a week
in the first year, followed by spending two weeks in the second year till the applicant qualifies
for the residency program of Portugal. The program was recently modified by the authorities, to
reduce the criterion for naturalization from six years of holding ground to five, thus making it an
easier and convenient facility for all. However, a fun yet daunting task appears in the form of the
Portuguese history test, which of a criterion for passing if you are
applying for citizenship. An interesting offer to lure people from across the globe is its Non
Habitual Resident tax program, which can mean absolutely negligible or no payment of tax.
By now you should have a clue about that European country where you would like to go
either for short term or long term stay without troubles of getting a residence permit.
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