6 countries where it is easier to get a residence permit

Living in the European Union is the dream of many foreigners because of the advantages offered by the country of residence, as well as all the advantages offered by the Union as a whole. However, it is easier to have a residence in some countries than in others. Here is a selection from six countries.

A resident of an EU country can travel freely within the Schengen zone. A foreign resident can also apply for citizenship in the country where he lives. After obtaining citizenship, he can move and settle in any country of the Union.

Many European countries have tightened immigration laws. But in some EU countries it is easier to get a residence permit and become a resident, including through residency through investment schemes.

The specialized website schengenvisainfo.com has selected a list of six EU countries in which it is easiest to obtain a residence permit. All six of these countries offer almost identical formulas for obtaining a residence permit, both for investment and through other means such as work, study and family reunification.

Get a residence permit in Austria

Foreigners have several ways to become a legal resident of Austria. The country issues residence permits for several categories, including family reunification, pupils, students and researchers, skilled workers and job seekers.

As a main condition, the applicant must prove that he earns enough money to live in Austria.

For a non-EU foreigner, the easiest way to apply for residency in that EU country is to invest. Indeed, it is enough to have a knowledge of the German language at level 1, comprehensive health insurance and a minimum of 40,000 euros in cash in the bank account to be able to become a resident.

The processing time can be from one to three months. A residence permit is issued for one year and is subject to renewal every year. At the time of renewal, the conditions mentioned above must remain in effect. However, the country only offers a quota of 300 people per year.

Obtain a residence permit in the Republic of Cyprus

Cyprus

In this country, the easiest way to claim residency is to invest in real estate. Indeed, it is enough to purchase real estate with a total market value of at least 300,000 euros plus VAT.

In addition, the applicant can invest the same amount in a physical company registered and operating in Cyprus. Or invest part of this amount in CIFA collective investments (Cyprus Investment Funds Association).

In addition, the applicant must also have an annual income of at least €30,000, which can come from salary, rent, pension, etc. there are also other means, including employment, training or family reunification.

Get a residence permit in Greece

In Greece, there are several types of investments that foreigners can make in order to obtain the right of residence. These include, among others, the purchase of real estate worth at least 250,000 euros or an investment of at least 400,000 euros in a company whose head office is located in Greece…

In addition to investments, there are several options for obtaining a permanent residence permit in Greece. Therefore, it is about work in various fields, studies, scientific research, vocational training, volunteering and family reunification…

Get a residence permit in Italy

To qualify for legal residency in Italy and be eligible for citizenship after 10 years, Italy also offers several opportunities, including investment. Indeed, there are many investment formulas available to be able to obtain a residence.

Thus, a foreigner can invest a minimum of 2 million euros in Italian government bonds, a minimum of 500,000 euros in Italian shares or a minimum of 1 million euros in projects of public interest.

The country also allows residence permits in other ways, including work, study and family reunification, as well as seasonal work for six to nine months.

Get a residence permit in Portugal

Portugal

Portugal offers two types of investment for obtaining a residence permit: capital transfer or property acquisition.

In the first case, it is, for example, a transfer of at least 5 million euros to an account in a Portuguese bank or several other types of investments in the amount of 200,000 to 500,000 euros.

With regard to real estate investment, the applicant can purchase a property for a price between 280,000 and 500,000 euros, depending on the population density of the area where the property is located.

Applicants for residence under the investment program in Portugal can also bring a company to the country that will create at least ten new jobs.

Get a residence permit in Spain

To obtain a residence permit through investment in Spain, the applicant can purchase real estate worth at least 500,000 euros, open a business of general interest, make a bank deposit of at least one million euros…

Spain also offers a non-commercial residence visa, which is granted to those with an income of at least €25,560 per year, plus €6,390 for each additional family member. Like the other countries mentioned, Spain also offers other residence permits for work, study or family reunification.