Is It Possible to Get Residency in Europe Through a €50K Property Investment?
Investing in property has long been seen as a way to secure residency in certain European countries, but what about doing it with a relatively small amount such as €50K? This article will explore the current possibilities and provide insights into both the realistic and the potential pathways you can take.
Current Scenario and European Standards
Although €50K might just about cover a small garage or a garden shack in countries like the Netherlands, it is significantly less than what is required in other European nations such as the UK, where you need ￡2 million to acquire a residence permit. This sum is returned in full after a certain period, highlighting the contrasting economic requirements.
Typically, based on the current conditions, a €50K investment would barely cover a small apartment in a rural area within the European Union (EU). However, it's important to note that EU laws allow non-EU citizens to sell properties to other EU citizens, but obtaining residency this way is more about demonstrating your intent to settle than solely the value in euros.
Exploring Residency Programs Across the EU
Despite the €50K seeming insufficient, you can still look towards various residency programs within the EU. Here are some of the popular options:
Portugal
Portugal offers a permanent residency program based on a property purchase of €350–500K. This is a feasible amount for a well-maintained and located property, making it a realistic option for those looking to invest in the EU.
Malta
Malta, offering residency based on a property purchase of €270–320K, is another option. However, this must be combined with a government bond investment of €250K, plus an additional government fee. This makes the total cost significantly higher than a simple €50K investment.
Cyprus
Cyprus also provides a straightforward option with a property purchase requirement of €300K.
Alternative Pathways for Residency
Even with a €50K investment, the possibilities are limited, but there are still other options available if you are willing to explore them:
Serbia
Serbia, although not yet an EU member, is set to join in the near future. You can get residency through setting up a company there, which is a viable route for long-term residency.
Golden Visa in Spain
The Golden Visa option in Spain is well-known for its accessibility, though it typically requires a higher investment. If the threshold can be brought down, it might become more feasible for a €50K investment.
Lithuanian Business Ownership Solution
A solution for Lithuania is to set up a business, with a cost of around €20K for the first year and tax considerations for three applicants. This route is relatively less about property and more about establishing a business.
Malta Global Residence Program
Malta offers a Global Residence Program where you pay an annual flat tax of €15K and rent a house with amenities. This program allows for tax-exempt foreign income if not remitted to Malta, making it a versatile choice.
Job and Employment
The easiest way to secure residency in Europe is to find a job in high-demand fields such as IT, healthcare, or finances. This option aligns with the EU's immigration policies and may be more realistic than property investment.
Conclusion
While a €50K investment seems insufficient for most European residency programs, the EU offers a variety of options for those willing to invest or seek other pathways. Whether it's property investment, job placement, or establishing a business, there are always ways to achieve residency in Europe.
For more detailed information, contact me or explore my profile. I am here to assist you in navigating these options.