Far-seeing people invest in European citizenship for different reasons. It is often for the freedom to travel the world without visas and bureaucratic hurdles. Others want to expand their business beyond existing areas of presence, optimise taxes and deal with European banks without any issues. Another common reason for applying for European residence or citizenship is to move there. In this article, we will talk about choosing the right place in Europe for relocation.
Apart from such advantages of European countries as tax benefits, pro-business environment and visa-free travel to many countries, there are more down-to-earth pluses that attract foreigners to Europe.
Always remember that your choice will determine where your family will spend a big part of their lives. Therefore, start by choosing a country based on everyone’s interests and needs and then narrow it down to a certain town or city. There are many European cities that are convenient for life, business, work, education and leisure.
The following documents give rights to live, study and work in a European country:
Western Europe is a popular destination among foreign nationals, especially from developing countries. Therefore, governments have been tightening screws and making it harder to immigrate to Europe.
Before we give you a list of European countries that welcome foreign investors, we will disperse a common misconception. A long-term visa or a residence permit granted to you in return for your investment allow visa-free access to all EU states and Schengen zone. However, neither a residence permit nor a golden visa give right to live in another country. The maximum number of days you can spend outside the country of your residence is 90 days in each 6 months; this is not bad, but not enough to find a job or start a business.
And now here is a list of European countries where you can get residence and benefit from all the advantages they offer to foreign investors.
Beneficial tax regime for new tax residents for the first 10 years
Affordable real estate
Visa-free travel in EU and Schengen zone
One of the most affordable investment programs
Low cost of living
Favourable business environment
Developed economy and infrastructure
Government support of business
No minimum requirement
In average €200,000
High living standards
Visa-free travel to over 155 countries
Right to live, work or do business in the UK
While the first investor visa is easier to get, with little requirements to foreign applicants, naturalisation requires permanent residents to speak the language fluently and prove their knowledge of local customs and history of the country. But permanent residence or EU passport give you right to live, work, do business or study full-time in a university anywhere in the European Union.
Good news is that you can get a European passport without the initial applications for a residence permit and permanent residence. This route might be very handy for those who:
Fortunately, there are two jurisdictions in Europe where the authorities are prepared to:
You can get a Malta passport in 1 year. Minimum amount of money that you must have available is €1,150,000 where €650,000 is a non-refundable contribution to a state fund and the remaining amount goes to buy a property in Malta and government securities.
It will take 6 months to obtain a Cyprus passport by investing at least €2,150,000 into the country by one of the four available ways. Non-refundable amounts are €150,000 donations and €500,000 purchase of a property that will have to remain your home for life.
If the investment in Malta or Cyprus seems too much to you, we can offer you to invest in a small Balkan country. A Montenegrin passport gives access to 117 countries including almost all European states. Though they are not yet part of the European Union, their accession is in the pipeline for the next couple of years.
Once they join the EU, the investment amount will increase significantly. At the moment, it takes six months to become citizen of Montenegro and €350,000 including non-recoverable €100,000 donation to a public fund. The remaining money can be returned in a few years and potentially with a gain due to growing housing market.
We will finish with an overview of European cities and opportunities they offer to migrants after relocation.
One of the world financial hubs
Excellent environment for running a business
World renowned higher education
Political capital of the EU
Comfort and security
Convenient location and developed infrastructure
Specialists with rare qualifications
Banking and financial centre of Europe
Good ecological conditions and clean air
Students of tourism and medicine
Wealthy retired people
Centre of international business
All-year-round resort with mild climate
European standards of living
People looking for a comfortable place to live
Business and investment opportunities
Great city with friendly people
Cultural and architectural heritage
Mild climate and beautiful nature
Investors in real estate
Candidate to accession to the EU
Growing property market
As you can see all 7 cities have their own advantages and opportunities. No matter what you want to achieve and what you are looking for, there will be a place for everyone, a place to suit your needs and budget.
Even if you dream of moving to a country with more stringent immigration laws, our experts in Imperial & Legal will offer you a customised solution. Qualified specialists will help you make a choice, prepare all required documents for obtaining a residence permit or European citizenship. If needed, they can also organise your relocation, open and support your business in Europe and offer tax solutions.
We will work with you to find a customised solution for your immigration, second citizenship, business, tax and other needs.
Visas to the UK
Residence by investment
Second passport by investment
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