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How to Obtain The Permanent Residency in Europe
Permanent residency in Europe gives individuals the same benefits as public relations, whether it is related to them, their companies or their brands.
While ways to obtain permanent residency in in Europe require commitment, effort and time, whether the path is through employment, family reunification or retirement programs, permanent residency programs through investment have broken this rule.
Permanent residency programs through investment provide an ideal path to permanent residency in Europe after investing in some countries that offer golden visa programs such as Portugal, Greece and Malta.
A look at permanent residency in Europe and rest of world
The Permanent residency in Europe programs can be defined as programs granted to investors from outside the European Union, which grant these individuals the right to live, work and enjoy the benefits of Europe forever and without the need to renew residency, which it is a little lower than citizenship as a value.
Many European countries grant temporary residency to students, workers and visitors, but this does not fit with the plans of businessmen and those aspiring to obtain permanent residency in Europe in the long term because temporary residency permits are linked to a reason and if the reason is removed, the residency is canceled with it, such as setting up a business, family reunification or academic education.
Some European countries offer golden visa programs, which are programs that provide European residency after investing in these countries, which later leads to permanent residency in Europe.
The beauty of these programs is that they are optional for investors to stop at or go further, and after temporary residency, you will be eligible for permanent residency, which is a bridge to European citizenship if you aspire to citizenship later.
Ways to obtain permanent residency in Europe
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To choose the best permanent residency in Europe programs, you must prove that you do not have a criminal record, know the minimum annual residency requirements and understand their tax implications to apply in advance so that you can later qualify for these programs. And, when searching for the appropriate residency program, you must take into account the eligibility requirements, required investment amounts, available investment options, processing speed and tax implications.
There are several ways to obtain European residency, including after continuous work or education for several years, including postgraduate study, marriage to a European citizen with conditions or proof of orgin, obtaining asylum and exceptional residency for people with qualification, or through European residency by investment.
What does permanent residency in Europe offer me?
✓ The permanent residency in Europe gives individuals the ability to get rid of the residency renewal procedures repeatedly, which come with certain conditions, and if you lose one of these conditions, you will lose your temporary residency.
✓ Many countries that offer permanent residency in Europe programs do not accept individuals for short-term work, and this is limited to citizens and holders of work permits or permanent residency.
✓ The only difference between European citizenship and permanent residency in Europe is that the latter does not allow a person to run for elections, vote for other candidates, apply for a government job, or obtain a passport from that country. Other than that, there are many similarities between them and permanent residency is an ideal alternative for citizens whose countries do not accept dual citizenship, and it also frees you from the burdens of military obligations and reporting income to the state, unlike citizenship.
✓ Permanent residency in Europe holders benefit from several important advantages, including enjoying the famous European health and education system for free, in addition to owning real estate and assets and establishing companies, in addition to doing business more easily.
Countries offering permanent residency in Europe programs
1. Portugal
Portugal is one of the most attractive destinations for permanent residency in Europe programs, as the Portuguese government has no intention of canceling the program at the moment, and other European countries offering residency by investment programs are considering doing so as well. It is known for its foreigner-friendly tax regime, reasonable cost of living, desirable climate, rich culture, and freedom of movement within the Schengen area.
This residency is obtained through the Portuguese residency by investment program after investing in certain funds or donating to certain charities, and after 5 years of Portuguese residency you will be able to apply for permanent residency.
2. Malta
Malta is the only country that offers permanent residency in Europe directly, called the Malta Permanent Residency Program, which qualifies non-EU citizens who invest in real estate in Malta and contribute to supporting social activities in Malta.
This program provides permanent residency in Europe to the main applicant and his family members without prior residency requirements and gives the right to live, work and settle in Schengen for a permanent period.
Permanent residency in Europe permit alternatives
The best alternatives to permanent residency in Europe programs are citizenship by investment programs that grant permanent residency rights along with a strong passport and the benefits of second citizenship.
The options available for these programs are Saint Kitts and Nevis Citizenship by Investment, Grenada Citizenship by Investment, Antigua and Barbuda Citizenship by Investment, and Saint Lucia Citizenship by Investment.
These programs offer many benefits, the most important of which are visa-free access to over 150 countries, a favorable tax regime, living in the beautiful Caribbean islands, and adding a family to an economic citizenship program that requires even less investment than permanent residency in Europe programs.
To get a better understanding of the benefits and requirements of immigration programs such as permanent residency in Europe programs or citizenship by investment programs alike, contact the experts at Global Citizen Consultants, the official authorized office for residency and citizenship programs 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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