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.
Costa Rica
Costa Rica offers access to Central American markets, political stability, and lively cities with a minimum investment of USD 150,000.
Currently Unavailable
Hungary
Hungary provides an excellent standard of living, promising investment opportunities, and access to the Schengen area with a minimum investment of EUR 250,000.
Currently Unavailable
Ireland
The Ireland Residence by Investment Program concluded on 10 December 2023. Contact us for the best alternative residence options for you and your family.
Concluded
Jersey
Jersey residents enjoy a high standard of living and a stable economy, with excellent flight connections across Europe.
Currently Unavailable
Latvia
The Latvia Residence by Investment Program provides several qualifying options with no residence requirement and a minimum investment of EUR 60,000.
Currently Unavailable
Malaysia
The Malaysia Premium Visa Program allows foreign nationals to reside in Malaysia on a long-term, multiple-entry visa.
Currently Unavailable
Montenegro
Montenegro offers a dynamic investment landscape, with Montenegro Residence granting access to both the European market and European residence.
Currently Unavailable
Namibia
Namibia's pro-business environment and secure setting make it a prime location for global real estate investors, requiring a minimum investment of USD 365,000.
Currently Unavailable
Netherlands
The Netherlands Residence by Investment Program concluded on 1 March 2024. Contact us for the best alternative residence options for you and your family.
Concluded
New Zealand
New Zealand offers a high standard of living and stability, with a visa allowing successful applicants to live and work there.
Currently Unavailable
Singapore
The Singapore Global Investor Program offers residence in a stable, safe country with a high standard of living and world-class education and healthcare.
Currently Unavailable
Spain
The Spain Residence by Investment Program allows visa-free travel in the Schengen Area and the right to live, work, and study in Spain.
Currently Unavailable
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:
-
First, a person obtains a residence permit.
-
After several years of legal and uninterrupted living in the country, the resident can apply for permanent residency.
-
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.
Let's discuss the details
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
-
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.
-
Family Inclusion. Investors can obtain long-term visas for their immediate family members, including spouses, children, and parents.
-
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."