By Harvey Law Group
Mobility is one of the top advantages of investing in European residency and citizenship programs. Whether to live, work, or travel, a European residency or citizenship can open access to the rest of the continent and even beyond European borders, including visa-free access to Canada, Hong Kong, Singapore, Australia, and New Zealand.
Investing in a “Golden Visa” is a quick and affordable way to obtain full European residency and begin the path to permanent residency. Oftentimes, it is a fast-track route to citizenship. Obtaining European residency will allow easy entry and exit to the country of residence, ease of travel within Europe (in most cases, this includes visa-free access to the Schengen Area), and access to favorable business and tax environments.
Citizenship-by-investment is the fastest and simplest way for an investor to legally obtain citizenship as well as a second passport that can dramatically change one’s travel opportunities. In particular, obtaining an EU passport allows the holder to reside anywhere in the EU and take advantage of the high standard of living that is offered in Europe, including exceptional education, healthcare, and safe environment. Europe is also a prime destination to create new investment opportunities in a competitive business climate, whether to conduct overseas business from a new vantage point or to capitalize on the rising profitable real estate market.
How And Where To Get Residency And Citizenship-By-Investment In Europe
Harvey Law Group currently offers a number of European residency and citizenship options, including some of Europe’s top programs from France, UK, Cyprus, Malta, and Portugal. Here are some of them.
Portugal Golden Residence Permit Program
HLG offers this through property investment. A Portugal five-year residence permit allows the holder to access visa-free travel within the Schengen Area and includes family members. An investor must acquire property valued at minimum €500,000 or €350,000 for properties that are more than 30 years old or located in qualifying urban regeneration areas.
Investors may apply for permanent residency after five years upon meeting the legal requirements, including proof of basic Portuguese proficiency. An application can be made for citizenship after being a legal resident in Portugal for at least six years upon meeting the legal requirements, including proof of sufficient Portuguese proficiency.
Cyprus Citizenship By Investment
Cyprus’s Citizenship-By-Investment program offers investors the opportunity to gain Cypriot and, by extension, European Union citizenship. Cypriot passport holders can live, travel, work, study, and buy land or property anywhere in the European Union. Family members can also be included in the application, and citizenship can be passed on to future generations by descent.
An investor must acquire at least €2 million in a single or portfolio of properties with at least one that is used as a primary residence. Processing of the application takes approximately three months, with a passport issued within six months.
Malta Citizenship By Investment
Similar to Cyprus’s program, Malta’s Individual Investor Program is a Citizenship-By-Investment program that offers investors the opportunity to gain Maltese and, by extension, European Union citizenship. Family members and future generations (by descent) can also be included in the application. An investor will have to invest in the following streams:
- A non-refundable contribution of at least €650,000 to the National Development and Social Fund
- A property investment of at least €350,000 in real estate or leasing a property for at least €16,000 which must be held or leased for a minimum five years respectively
- An investment of at least €150,000 in government-approved financial products that are maintained for a minimum of five years.
Processing of the application takes approximately four months, with a total of 12 months to issue the passport from the date of initial residency.
Let’s Talk About Your Options As An Investor
For further information about the European programs, or any other investment immigration opportunities, contact your Harvey Law Group representative.
Mr. Samuel Harvey
Harvey Law Group
About Harvey Law Group
HLG is a leading multinational law firm specializing in corporate law and investment immigration with a worldwide reputation for representing high-profile clients and corporations, with over 19 offices worldwide. As the top immigration law firm, HLG offers the most comprehensive residency and citizenship programs available to date. HLG was awarded for Immigration Law Firm of the Year at the 13th and 16th annual Macallan ALB Hong Kong Law Awards 2014 and 2017.