To obtain citizenship, a residence permit or permanent residence for the purchase of real estate, you need to take part in the state investment program. Investors will need to pass due diligence, confirm the legality of income and compliance with the terms of the program.
The government of each state sets its own requirements for the minimum value of real estate.
Turkish citizenship - investments from $400,000. Investors can purchase housing or commercial facilities, a piece of land, a share in a real estate project. After three years, the object is allowed to be sold.
Residence permit in Portugal – investment from €280,000. This amount is provided for the purchase of an object older than 30 years in a sparsely populated area of the country. If an investor wants to buy a newer residential or commercial property, he needs to buy a property worth from €500,000 in other areas.
Residence permit in Greece - investments from €250,000. An investor can buy any object on the primary or secondary real estate market. If parents or grandchildren are included in the application, the minimum investment will increase to €500,000.
Permanent residence in Malta - investments from 300,000 €. To obtain a permanent residence permit, an investor buys a property worth:
from €300,000 in the south of Malta or the island of Gozo;
from €350,000 in other regions of the country.
The investor also has the right to rent property in the amount of 10,000 or €12,000 per year, depending on the region. The property will need to be rented for five years.
Permanent residence in Cyprus - investments from €300,000. An investor can buy one or two primary properties. He also pays VAT at a rate of 19%, but when buying a single home for his own residence, the rate is reduced to 5%.
Examples of properties in Cyprus
Immigrant Invest is a licensed agent for government programs in the EU and the Caribbean. If you want to become a resident of Portugal, Greece, Cyprus, Malta or obtain citizenship in Turkey, please contact investment program experts for advice.