Have You Been Looking For The Right European Country To Relocate & Invest In?
If you’ve been looking for a sign to invest in a foreign country – here it is. Small European countries like Portugal, Greece, and Austria are booming right now. Their economies are at an all-time high and they are constantly welcoming foreign investors.
Luckily, for you, this makes it quite easy to obtain a Visa and then potentially citizenship. Through established programs, you’ll be able to invest in the industry of your dreams and be allowed to take your spouse and dependants alongside you.
Here are the easiest ways to make that happen.
Apply for a European Golden Visa
A European Golden Visa is a Visa that allows individuals looking to invest in European countries the chance at a residency. This is done to encourage individuals to invest in foreign countries as it helps the economy’s growth quite substantially. These investments can be in anything from businesses to rental properties.
There are a variety of European countries that offer the Golden Visa including Spain, Portugal, Greece, Italy, Malta, Switzerland, Austria, and Belgium. This Golden Visa also extends to any dependants and spouses attached to the investor, making it extremely easy to relocate your entire family and fully commit.
However, you can obtain a Golden Visa without actually intending to live in a European country as well. It is important to check the specific requirements each country has when it comes to investment in tandem with the Golden Visa. It varies from location to location.
You might be asking what are the requirements for obtaining a Golden Visa. While there aren’t many, there are some superficial limitations to the process. Here are the requirements you should assure you meet before applying:
- You have proof of the finances you intend to invest and all money was obtained in a legal fashion
- A clean criminal record
- You can prove the wealth or a steady income that will support you and/or your family members during the duration of the Visa.
Certain countries all require a certain amount of money to be invested into their economy in exchange for the Visa. This could be a one-time investment or a more long-term investment plan.
Realistically, applying for a Visa means at some point you’ll probably be looking for residency and citizenship. So, can a Golden Visa get you an EU citizenship through investment maybe? In short, the answer is yes, but it doesn’t happen immediately. There are some requirements to officially obtaining it.
First, you’ll have to qualified for Permanent Residency. This happens after five years of living in the EU with your Golden Visa. Details will depend on the country you reside it but as a general rule pf thumb, this residency can be renewed as needed. Some countries don’t have these requirements at all! You can just straight away apply for residency.
Following your permanent residency, after another five years – so a total of ten years living in the EU – you’ll be able to apply for citizenship. However, Citizenship isn’t guaranteed and is much more restrictive in comparison to being approved for the Golden Visa and permanent residency. This is due to the varying requirements in each independent country. It’s important to seek the right professional to help give you the greatest chance possible at obtaining citizenship.
Greece however, is a country that will give you citizenship with the only requirement being you have to live there for a certain period of time.
There is also the option of opting for a Start-Up Visa instead. These are aimed at people not only looking to invest in a European country but to actually build their own company. So if you feel like you have an entrepreneurial bone in your body, this could be the way to go.
Europe is very open to welcoming anyone who is willing to bring new innovative business and company ideas to their country as it allows for major expansion and economical growth. This start-up Visa will only offer you residency, but once you have residency, as discussed above it is easier to upgrade that status to citizenship.
Popular European countries that offer this include Sweden, Austria, and France. Open a business next to the Eiffel Tower! Life doesn’t get much better than that. Again these countries all have different standards and requirements for acquiring the Visa but all in all the process is fairly simple and has a high success rate. Like the Golden Visa, this Visa also supports and dependants and spouses you have as well.
Some requirement includes:
- Proof of funds large enough to support you
- Skills, and/or education, and experience to run a business
- Partners willing to sign alongside you
Your parents or grandparents might just be the key to getting you European Citizenship. If your family lineage hails from a European country you will most likely be able to apply for dual citizenship.
This would require you to obtain proof, most likely in the form of a birth certificate. You would then have to get in contact with the countries embassy where you live, and they will handle the rest. The official news of Citizenship can take few months, and depending on the country will cost you a small fee.
This can also work if your spouse obtains EU citizenship. Depending on where in the EU you may also be able to apply for citizenship along with your children. This is probably the easiest and quickest means for an investor looking for EU Citizenship, however, it isn’t always applicable in each individual’s situation.
Overall, there are many ways you as an investor can obtain EU Citizenship. With many of their countries steadily growing and becoming some of the most desired locations around the globe, now is the time to act. Whether you’re looking to invest in rental properties or a new business, there are many countries that even rival the quality of life that North America and Australia possess. The versatility in the EU endless. Happy Investing!