The Governments of some European countries launched Residency by Investment programs as a gateway to an increase in domestic investments. In return, the investors obtain the right to live and enjoy all the benefits that the country’s systems provide. While most programs are built around a similar framework, each has its specific requirements and offers different benefits.
Hungary
Starting from EUR 500,000
- Unrestricted right to live, work, travel and study in Hungary
- Free movement in all 26 Schengen countries
- Become eligible for citizenship after 8 years
- Time to residency: 6 months
LEARN MORE
Latvia
Starting from EUR 50,000
- Unrestricted right to live, work, travel and study in Latvia
- Free movement in all 26 Schengen countries
- Minimal residency required
- Time to residency: 6 months
LEARN MORE
Recognised by law
What is Residency by Investment?
Residency by investment or Golden Visas are a category for obtaining residency with a low physical residence required. Approved by the law and coordinated by a government-approved body, these programs offer permanent residency by meeting a prescribed investment requirement of a purchase of a real estate as a way of refreshing the market. While other categories through which one can obtain residency have long processing times and typically have high physical residency requirements, the Permanent Residency by Investment programs usually have a very straightforward process and take up to six months to reach resident status. The ultimate goal of obtaining citizenship is part of the next stage of these programs, but it is not mandatory. The same body executes the application procedure if the citizenship requirements are met.
Why do you need a Residency by Investment?
You most probably already have citizenship of your country of birth or a country where you’re entitled to get citizenship through descent, so why should you need a Residency or Citizenship by Investment?
The European countries that offer residency by investment provide all the benefits that their other residents enjoy. That residency opens doors to new business opportunities, a broader market, better healthcare and education opportunities for you and your family. Additionally, if you proceed to the citizenship stage, you can benefit from visa-free access to 160+ countries while travelling with your new passport.
How do you apply for Residency by Investment?
The law and government-approved bodies manage these programs, and as such, the applications are subject to strict regulation and checks. The Governments built the legislation of the programs to grant an individual without any previous ties to the country the opportunity to gain permanent residency by making an investment which meets prescribed requirements. The obtained residency is guaranteed and recognised by the law; it is permanent and can be passed by descent. The only way to apply for this kind of program is through a Government Approved Agent as Savory and Partners. We have managed over 900 applications, and with a collective experience of more than three decades in the industry, we apply our intimate knowledge of previous cases to foresee any problems that might arise, anticipate any hurdles down the road and provide our clients with the smoothest, quickest path to their new residency and citizenship.
Savory & Partners is a Government Authorised Agent
