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European Permanent Residency for the investors
European Permanent Residency Programs provide the opportunity for investors and their family members to obtain permanent residency from Europe.
The European permanent residency programs are suitable for people who want to have the advantages of the country in addition to the benefits offered by the program, because Europe has the highest standards of living in the world.
The European Permanent Residency Program is the best option for citizens of Gulf and Middle Eastern countries whose governments do not accept dual citizenship and who find what they are looking for in these programs rather than citizenship by investment programs.
European permanent residence
Many Arab individuals have been attracted to European permanent residency due to deteriorating economic, social and political conditions, increasing barriers, weak passports and lack of benefit from citizenship programs because most Arab countries do not accept dual citizenship. These programs are seen as an alternative recourse alongside the goals of business, taxation and freedom of movement.
If you want to know why the European economic system is strong, you can look at 4 factors that Europe has, which are unemployment, GDP, income tax, and inflation. From these factors, you can know the extent of the economic strength of any country.
This is the pivotal and perhaps the first reason for many people seeking permanent residence in Europe. Modern European markets help you expand and enhance your idea and business network in a smarter and broader way.
European permanent residency has its advantages that benefit individuals residing in the Arabian Gulf region and North Africa in particular, and provides immediate permanent residency with investment in its fields.
Yes, obstacles and challenges come with every daring businessman, but a weak passport should not be one of these obstacles or challenges that limit your ambitions and the prosperity of your business.
At the same time, permanent residency creates added value for people and their family members by opening up many areas for investment, living, travel, and preparing for any potential fluctuations.
Not all European countries offer a good European permanent residency program for individuals. Some of them require huge sums of money for this, such as Cyprus, and some require long-term residency and difficult requirements. Portugal, Spain, Greece and Malta are some of the most popular European permanent residency programmes.
European permanent residency gains
▶ An additional layer of security and emergency plan for investors, their family members and their wealth in cases of security problems, natural accidents, foreign relations and banking systems experienced by their countries.
▶ Attendance to excellent European and international universities at local prices, with comprehensive and continuous access to first-class European social facilities.
▶ A smart approach to minimizing taxes and protecting assets with the help of business-friendly tax systems.
▶ Using the service to deposit and withdraw funds from reliable external bank accounts without paying taxes, with the possibility of enabling banking activities throughout Europe.
▶ Get safe, invest anywhere, and have a backup plan.
▶ The possibility of benefiting from the famous European health systems, and not only that, but free of charge for all family members.
Countries offering European permanent residency
~ GCC
There is a network of countries that offer the European Permanent Residency Program, the most notable of which are:
1. Malta
Malta program is considered the best for obtaining European permanent residency because it has a direct path to European residence without going through temporary residence before that. In all other European programs, the investor must reside there for several years and then obtain permanent residency.
But with the Malta Permanent Residency Program, applicants will have the opportunity to obtain permanent residency in Europe after investing in Malta and not waiting several years there and then you will be eligible to obtain a Maltese passport.
Malta’s passport is strong and ranks seventh in the world with the ability to enter 187 countries without a visa, including the European Union, America and Canada. Seize opportunities and become a global citizen by investing in European real estate through the Malta Portal and then renting the property and reselling it for additional returns.
LOOK AT MALTA PASSPORT INDEEX
2. Portugal
Portugal was the most requested European permanent residency program, but the program was canceled at the beginning of 2023, and was returned in late 2023, with the cancellation of real estate investment and the introduction of other methods of investment, most notably investment in non-real estate funds in the amount of 500 thousand euros and contributions to support scientific and artistic activities in the amount of 500,000 euros.
After 5 years of residence in Portugal, you can apply for permanent Portuguese residency, and then obtain the Portuguese passport, which ranks fifth in the world, and then belong to an environment known for having the best education and health system in the world.
3. Spain
In 2013, Spain launched the Golden Visa programme, which grants investors the right of residency after investing €500,000 in Spanish real estate with their families. In addition, individuals have the right to access the program by injecting funds to open a company in Spain, investing in bonds, or purchasing stocks.
Investing in Spain is a safe option for retirees and those thinking of settling abroad. Just as global investors are turning to citizenship-by-investment programs, at the same time Gulf Arabs are turning to the Spanish Golden Visa program, especially since some Gulf countries do not accept dual citizenship, as we mentioned.
4. Greece
Investors are famous for their love to diversify their investments, which is why they find in Greece a way to diversify their investments away from their home country, especially since Greece owns real estate close to its historical places.
As long as you are a resident of Greece, you have all rights, including the possibility to establish a business or buy property, and the possibility of residence without conditions or restrictions.
To obtain permanent residency in Greece, investors must invest $250,000 in Greek real estate, which is considered one of the cheapest European homes. However, Greece is seriously considering raising investment prices to obtain the aforementioned program in order to have the same requirements as similar programs. Therefore, it is recommended to apply for this program as soon as possible.
As the saying goes (there is no one size that fits all), it is preferable to consult us to determine the program that suits the investor and his family members, knowing that Global Citizen has years of experience in this field and is also an accredited office for obtaining the European permanent residency program. At the same time, you can view our articles in the field of citizenship by investment around the world.
About Author
Taher Shehab
As co-founder and CEO, Taher Shehab has guided Global Citizen Consultants to be a leader in providing citizenship by investment in over 20 territories, including the Caribbean.
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