Where can you obtain citizenship or residence permit when purchasing real estate

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forum244
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Joined: Thu Oct 12, 2023 8:18 am

Where can you obtain citizenship or residence permit when purchasing real estate

Post by forum244 » Thu Oct 12, 2023 8:48 am

Obtaining citizenship or a residence permit for a foreigner in another country is not a simple and lengthy procedure. But some countries have decided to simplify it, offering the possibility of buying a property in the country and obtaining a residence permit. Of course, there are some pitfalls, such as limiting the minimum purchase amount or banning you from working in the country. But it allows you to repeatedly enter and leave the country's territory and stay there for a long time, and later it is possible to obtain citizenship.

Citizenship
● Caribbean countries will gladly popular database accept your real estate investment and grant you citizenship if you meet certain conditions.

● St Kin and Nevis. The investment amount is not less than $400,000. But with this passport, you will have free borders with Europe, Great Britain, Japan, Canada, South Africa, New Zealand (129 countries in total). Additionally, you can include your parents under 55 years of age and your children under 30 years of age in the documents to obtain nationality. After 5 years, you can sell your property without losing your status. Plus, you don't have to be in the country.

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● Antigua. The amount is $400,000. You have the right to include your children under 25 and their parents in the contract. You must be in the country's territory at least 7 days a year. This rule is valid for 5 years.

● Grenada $500,000. You must participate in a government program. Parents and children can also be included in the contract, but first obtain court approval. We advise you to consult a legal advisor.

● Costa Rica. the amount of investments is $200,000. Furthermore, after acquiring the nationality of this country and living in its territory for 9 years, you can obtain a Spanish passport in a simplified way.

● Panama. The amount of investments is 300,000 dollars, but first you obtain a residence permit for 5 years, and then, if you continue to own the house, you have the right to apply for nationality.







Residence certificate
● Cyprus. Buying a property on the island worth a maximum of 300,000 euros, if you are not an EU citizen, entitles you to a temporary residence permit for one year, of which you must reside in Cyprus for 180 days. You can then extend it for the same period an infinite number of times. Not authorized to work. When you buy a property worth 300,000 euros, you and your family obtain a permanent residence permit. It also does not allow you to work and move freely within EU territory.

● Greece 250,000 euros to obtain a permanent residence permit. You are also allowed to rent real estate for 10 years for the same amount. The authorization is issued for 5 years with the possibility of extension while you own the property. Not authorized to work. Must reside in the country at least 183 days per year. There is the option of officially renting the property with a minimum limit of 24,000 euros, if you include your wife in the contract, the amount increases by 20%, for each child by 15%. After 5 years of permanent residence in the country, you have the right to apply for citizenship.

● Latvia. The minimum amount of 250,000 euros gives the right to receive a residence permit for 5 years, which can then be extended, but at the same time you pay 5,000 euros each time. The residence permit gives the right to work, but only in Latvia. and traveling visa-free to the EU.

● Portugal. The investment amount is 500,000 euros, when purchasing real estate in villages - 400,000 euros, when purchasing historical real estate over 30 years old - 350,000 euros. You receive a certificate for 5 years, with the right to extend it twice for 2 years. When renewing it, you have to pay 2,500 euros for each family member. The buyer must live in the property for 35 days. You don't have the right to work.

● Spain. 500,000 euros, but this is the amount for 1 person, meaning the family already has to invest 1 million euros. The purchase gives the right to live in the country for 2 years and to extend it. It is also necessary to guarantee a financial income of at least 2,200 euros per person. Work is not permitted.

● Türkiye. Any amount of investment in real estate gives a residence permit for half a year with the right to extend it for another 2 years.












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