Preloader

Talented and affluent individuals no longer need to confine their lives and business interests to a single country. Residence by investment programs, commonly referred to as golden visa programs, offer high-net-worth individuals the opportunity to relocate and gain the right to live, work, study, and access healthcare in their new country of residence. The ability to change residence or maintain multiple residences has become a crucial element of international planning for private clients.

Below are the details of the most reputable and successful residence programs offered by Ramsay & Partners.
An Introduction to Residence by Investment

Differences between a residence permit and permanent residency

Validity. A European residence permit is typically valid for 1 to 5 years, whereas countries like the UAE, Thailand, and Indonesia issue long-term residence visas valid for up to 10 or 15 years. However, the holder must renew their residence permit or visa upon expiration.

Permanent residence, on the other hand, is indefinite: it does not require renewal and allows you to live in the country indefinitely.

Path to citizenship. A residence permit and permanent residence are sequential steps towards becoming a citizen:

  1. First, a person obtains a residence permit.

  2. After several years of legal and uninterrupted living in the country, the resident can apply for permanent residency.

  3. Citizenship applications can be made several years after becoming a permanent resident.

Malta and Cyprus are exceptions as they grant permanent residency by investment. Another exception is Portugal, where you can apply for citizenship after 5 years of holding residence permits without needing to obtain permanent residency.

Some residency options have limitations. For instance, an investor with a Malta Nomad Residence Permit cannot qualify for permanent residency and citizenship, even after residing in the country for several years.

Language proficiency. When applying for investor residence, passing a language proficiency test is usually not required. For other types of residence permits, it depends on the country.

Obtaining permanent residency after holding a temporary residence permit often requires demonstrating proficiency in the country's official language. However, this rule does not apply to participants in Maltese and Cypriot investment programs.

Schedule a meeting

Let's discuss the details

Passports

9 advantages of residency in the EU

  • 1

    Visa-free travels

    An EU residence permit allows you to travel throughout the Schengen Area without needing a visa for up to 90 days within any 180-day period.

    However, for EU member states not in the Schengen Area, like Cyprus, this rule does not apply. Cyprus residency holders still need Schengen visas.

  • 2

    Moving to the EU

    The EU offers a safe environment, great climate, political and social stability, low crime rates, and is LGBTQ-friendly, making it an ideal place to relocate.

  • 3

    Purchase of real estate

    In several EU countries, investors can obtain residence permits through real estate purchases. These properties can serve as second homes or rental investments.

    Real estate investment can be very profitable. For example, property values in Malta have risen by 1.5 times over the past decade.

  • 4

    Family members’ participation

    Investors’ spouses and minor children can join residency by investment programs. Some countries also allow residence permits for the investor’s adult children and parents.

    Malta’s PR program is particularly inclusive, allowing spouses, children, parents, and grandparents to be included regardless of age.

  • 5

    Access to EU banks

    As an EU resident, you can open accounts in international banks that offer high financial security. These accounts are ideal for savings and international transfers.

  • 6

    Business expansion

    The EU has one of the world’s most stable economies, providing businesspersons with access to loans, venture capital, and other financial instruments.

  • 7

    Education and healthcare

    With an EU residence permit, you can access top-tier education in various fields and public or private schooling for your children. Healthcare services across the EU are also accessible, with some countries offering free public healthcare to residents.

  • 8

    Tax benefits

    Several EU countries offer special tax regimes for investors. For instance, Malta allows foreign residents to pay 15% on income earned abroad and brought into Malta and 0% on other foreign income under the Malta Global Residence Programme.

    Cyprus has no tax on global income and inheritance, and both property and income taxes are relatively low. Greece and Italy offer flat income tax rates for new residents.

  • 9

    Path to EU citizenship

    Residents can qualify for citizenship after several years of living in an EU country. Portugal offers the fastest route to citizenship, requiring only 5 years of residency. Greece and Cyprus require 7 years, while Spain and Italy require 10 years.

    Language proficiency and passing an exam on the country’s history and culture are also required.

    An EU passport provides visa-free access to most countries worldwide and allows the holder to live, work, conduct business, and study in any EU country without additional permits.

"Securing residency in the European Union opens doors to a myriad of opportunities. From visa-free travel across the Schengen Area to access to world-class healthcare and education, the benefits are extensive and impactful. For investors and their families, the EU offers not just a residence but a gateway to a higher quality of life."

Advantages of Acquiring Residency in Asian Countries

Five Asian nations offer long-term residency through investment: Hong Kong, Singapore, Malaysia, Thailand, and Indonesia. These programs share several significant benefits:

  1. Relocate to Asia. Singapore provides permanent residency, allowing indefinite stay. In Malaysia, residents must spend at least 60 days annually to maintain their status. Thailand's Elite Visa allows continuous residency for 5-15 years, with a yearly exit requirement. Indonesia offers a 10-year residency, ideal for moving to places like Bali.

  2. Family Inclusion. Investors can obtain long-term visas for their immediate family members, including spouses, children, and parents.

  3. Minimal Requirements. For instance, Thailand Elite Visa only requires a passport without proof of funds. Indonesia’s Second Home Visa mandates showing sufficient funds in a bank account or through a real estate purchase.

Residents in Thailand enjoy low tax rates and living costs. Staying over 180 days makes one a tax resident, subject to progressive tax rates ranging from 0% to 35%. A family of four needs approximately $2,037 monthly for a comfortable lifestyle in Thailand, known for its high quality of life in Southeast Asia.

Indonesia’s Second Home Visa allows business activities and investments, such as purchasing shares and premium real estate, but not employment. After three years, investors and their families can apply for ITAP, or permanent residency, which is renewable every five years.

"Asian countries like Singapore, Thailand, and Indonesia provide remarkable residency options that combine lifestyle benefits with lucrative investment opportunities. The ease of securing long-term visas, coupled with the vibrant economies and rich cultures, makes Asia an attractive destination for global investors."