To obtain 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.
Each country has its own requirements for the minimum value of real estate.
Permanent residence in Cyprus — investments from the amount of €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
Residence in Greece — investments from the amount of €250,000. To become a Greek resident, an investor has the right to buy any object on the primary or secondary market. If parents or grandchildren are included in the application, the minimum amount will increase to €500,000.
Examples of properties in Greece
Residence in Portugal — investments from the amount of €280,000. This amount is provided for the purchase of an object older than 30 years in a sparsely populated arearnof the country. To buy a newer residential or commercial property in other areas, the investor needs to select a property with a value of at least €500,000.
Examples of properties in Portugal
Permanent residence in Malta — investments from the amount of €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.
A rental option is available 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.
Examples of properties in Malta
Immigrant Invest — a licensed agent who helps to obtain a residence permit in the European Union for investment. If you want to become a resident of Portugal, Greece, Cyprus, Malta or buy property in the European Union, feel free to contact our investment program experts for more information.