EU Residency Through Real Estate Investment: A Comprehensive Guide

21st March 2024

Life does not stand still. Sooner or later, every person faces the question of determining the place of further stay. Modern users take this issue seriously.

Recently, residency by investment in more attractive destinations is becoming more and more popular. According to expert Zlata Erlach (Immigrant Invest company), everyone has different reasons for this.

How Real Estate can Lead to EU

Every company owner dreams of improving living conditions and taking the company to a higher level. It is possible to discover the world with the help of Residence permit in EU. The easiest and fastest way is to invest your own funds in a reliable economic system. European countries have high potential, while they are traditionally reliable and consistent in their decisions. This attracts many foreigners who dream of becoming their own.

Top European Countries for Real Estate Investment

It is possible to take advantage of a favorable service on the basis of personal circumstances, or by investing. The second option is preferable for citizens who plan to expand the boundaries of their activities.

To take part in the “Golden visa” program is offered to wealthy individuals. This is an excellent opportunity for foreigners to obtain EU residency. Read more about popular destinations in our review.

Latvia

The program allows you to become the owner of a comfortable home for only 250,000 euros. Investors are attracted by a comfortable country with a high standard of living, developed infrastructure and decent medicine. This quiet place can become both a reserve airfield in case of unstable political situation in other regions and a place to live.

Spain

The program was launched back in 2013 and has brought high results. To obtain a permit, a foreigner is not required to learn the language or be in the country permanently. It is enough to become the owner of an apartment among wonderful landscapes for the amount of €500,000 or more.

Portugal

Over 25,000 people from different countries have managed to use the service during the period of the program. At the same time, everyone respects their interests.

The investor is offered the following ways of acquiring real estate:

a new object for an amount from €500,000;
an object under restoration for an amount from €350,000;
an object in a small village for an amount of €280 000.

Make the purchase is offered in the interior of Portugal, the Azores and Madeira. Also, the investor can become the owner of commercial real estate in any region of Portugal.

Regardless of the amount of time spent in the country, the owner of the property, his relatives can apply for a PMP permit.

Cyprus

The economy of Cyprus is quite developed. A flexible tax system, the absence of inheritance taxes, contribute to the rapid development of their own business. An investor can become the owner of a residential primary object, the cost of which starts from 300 000 euros. Such an amount is provided for the purchase of non-residential object, but here you can consider and secondary. The permit is issued for 5 years. After this period, the investor has the right to apply for citizenship of the country.

Turkey

Maximum favorable offer. Comfortable climate, wonderful scenery, sea coast attracts many. Accepted investments from $400 000. Due to the fact that the price of Turkish real estate for a year grows by 15-20%, such a purchase has certain benefits. The object can be a plot of land, apartment, villa and so on.

UAE

The local authorities are interested in attracting investment, so it will not be difficult for you to register your own company. To this, you can add the most comfortable living conditions and low crime rate. “Golden” visas, which give you the opportunity to purchase property in certain areas. Allowable terms: two years (purchase amount is $204,000) and ten years (purchase of a property for $545,000).

Caribbean countries

The Caribbean is an attractive destination for residence permit in EU. The mild climate, sandy beaches, friendly population will not leave you indifferent. At the same time, here is a modern-developed infrastructure and ideal conditions for living, realization. Buying real estate in the Caribbean, the user can become a citizen of one of the comfortable places. This will not require passing language or history exams.

Property Selection and Legal Procedures

Immigrant Invest provides detailed information on such services. In each country the EU residence permit by real estate investment program has certain nuances. However, if you turn to specialists, you will go through the standard stages of the procedure:

selection of direction, program;
selection of the real estate object;
execution of documents;
travel to the country;
purchase of the object;
filing of documents.

The client can visit the country on his own or execute a power of attorney for the company’s consultant.

Conclusion

Obtain EU residence permit through the purchase of real estate is relevant for those people who do not limit their own possibilities, but give preference to: