EU resident status has many benefits, and residents of any EU country are eligible to travel freely within the borderless Schengen area without even needing to produce documents when moving from one country to another. Once citizenship is obtained, he/she can move to any other EU country and settle there. Below, we have compiled a list of the EU countries where it is easiest to obtain residency, and in all of these countries, you can become a resident by investing/donating a certain amount of money through residence through an investment program.
Austria
There are several ways to settle as a legal resident in Austria. The country issues residence permits for family reunification to students, students and researchers, qualified workers, and job seekers. One of the main requirements for obtaining residency in Austria is to prove that you have enough money. The easiest way to become a resident of Austria is through investment. All persons with A1 level German language skills, comprehensive health insurance and at least €40,000 of liquid funds in a bank account (depending on the size of the applicant's family) are eligible to become Austrian residents through this route. Applicants also need to show proof of residential real estate that can be owned or rented by them, with processing times ranging from one month to three months. The residence permit is valid for one year and must be renewed annually. When a new resident intends to renew his/her residence permit in Austria, it is also necessary to ensure that the above conditions are still met. The downside to the program is that the annual quota of people eligible for benefits is about 300 people.
Cyprus
The easiest way to become a permanent resident of Cyprus is also by investing in the country. The purchase of new real estate with a total market value of at least €300,000 plus VAT is enough for a person to meet the first criteria for becoming a legal resident of Cyprus through the so-called Golden Visa . People who do not want to buy property can invest €300,000 in an entity registered and operating in Cyprus, which employs at least five employees, or invest the same amount in units of a collective investment of the Cyprus Investment Funds Association. Applicants also need to have an annual income of at least 30,000 euros, which may come from wages, rent, pensions, etc. Foreigners can also become residents of Cyprus through other means, including applying for a residence permit for employment, study or family reunification.
Greece
This famous tourist destination Greece is also famous for its golden visa program which grants eligible foreigners residence in the country within 60 days of application. To qualify for the program, foreigners can make several types of investments, which also include:
1. Purchase of a property worth at least 250,000 euros
2. Invest at least 400,000 euros in a company with a registered office or establishment in Greece
3. Invest at least 400,000 euros in a real estate investment company that invests only in Greece
4. Purchase Greek government bonds with a minimum acquisition value of 400,000 euros and a remaining term of at least three years on the date of purchase
5. Provide at least 400,000 euros to domestic credit institutions 0,000 euro fixed deposit with a term of at least one year and a long-term renewal order
There are many ways to obtain residency in Greece, including employment in different fields, students, researchers, vocational training, volunteer work, family reunification wait.
