Obtaining a residency permit is not just an opportunity to travel but rather a need for most businessmen. International travel is centered around not only tourist destinations but also around viable and open markets. Residency permits are an excellent option when it comes to entering a new market. Not only do you get to take advantage of the untapped potential of the market but you also get to make the most of the facilities (health, education, and others) available in the region.
In the present article, we are going to talk about the top five residency by investment programs that you need to check if you are considering moving to another country for your business. These nations offer you safe, easy, and speedy returns on your investment.
- Greece Residency by Investment Program
One of the advantages of availing of the residency program in Greece is that it only takes a time of two months to process before you can be granted your residence in the country. You have to invest in an immovable property that is worth at least a quarter of a million euros to be eligible for this program. it does not ask much of you too, all that you have to do is to be present at the time of the purchase/investment.
As a resident of Greece, you open your avenues to all of Europe and get to make use of the best-in-the-world facilities in other European countries (like educational institutes, medical facilities, tourist destinations, etc.). In addition to yourself, your children under the age of 21 and your parents are eligible for this program.
- Malta Residency by Investment Program
Though the residency program can take a minimum of seven months to come through, Malta offers you other benefits to make up for that extended time. To make use of Malta’s residency investment program you don’t need to be fluent in the local language or hold any specific level of education.
All that you need to possess is a quarter of a million euros and a pledge to not sell the property for the next five years after investment. In return, you and your family (which includes your parents and your relatives) get to travel with no restrictions in the Schengen area which is a group of twenty-six countries with open borders for each other.
- Canada Residency by Investment Program
Owing to the excellent living conditions and ample business opportunities, Canada is a favorite destination for many people. The country has residency programs that start from around a million dollars and upwards. If this sounds a bit costly for your venture then there are other plans too.
You can invest in the country as a businessman, this plan starts from around USD200,000. The only requirement of business investment is that the plan should benefit the community of Canada. Based on this investment, you can avail residency offer in Canada for five years (which can be renewed at the end of that period) and eventually be eligible for permanent Canadian citizenship.
- The United Kingdom Residency by Investment Program
Yes, you can apply for a residency investment program in the UK too, although it works differently here than in other countries listed in the article. To apply for the program here you need to be a business owner outside of the nation for no less than five years.
Then you get to apply for opening a branch of your company in the UK. Based on this branch, you are eligible for a residency permit for three years (which can then be extended). At the end of completing six years of residence in the country, you get to apply for citizenship in the nation.
- Spain Residency by Investment Program
Spain offers you the opportunity to avail yourself of an excellent investment opportunity and benefit from it too. In exchange for an investment of half a million euros, you get the residence permit in a minimum of three months. At the end of two years of your residency, you get the opportunity to renew your residence permit.
If you are serious about settling in Spain then you also get the opportunity to apply for permanent residency after having completed five years in the nation. As a benefit, you and your children, under the age of twenty-one, get the option to move around in the neighboring nations with no hassles.
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