The European Union consists of 28 members. Following World War II, the European Union was founded to foster economic collaboration and administrative trust between its countries.
Investment residency is the process of obtaining permanent residence in another country by investing in that country’s economy through bonds, real estate, job creation, or in some cases a monetary donation to a government fund. With a range of countries around the world offering citizenship – by – investment programs, why do entrepreneurs and investors choose to invest in residency in Europe?
The paperwork is one of the most frustrating aspects of travel, and for those who regularly need to travel across Europe applying for multiple visas can be time – consuming, and in the worst – case scenario, the visa process can delay business travel. You are automatically entitled to visa – free travel in Schengen countries by legally obtaining a residency permit for a European country through a residency – by – investment programme. You are then eligible to apply for a passport after holding a residence permit for a given period.
Today, business and trade are not limited by boundaries of geography and economy. Cryptocurrencies have removed the problems faced by businesses dealing in multiple currencies and fluctuating exchange rates, while constantly improving transport links have opened up the global economy with the possibility of overnight transfers and shipping of goods.
Security and stability are key driving factors behind their decision for many people who choose to invest in a second passport or obtain a residency permit. Having the assurance that they can easily relocate their family to another country should geopolitical tensions either restrict travel or have an impact on their business activities provide security for both.
You and your family are entitled to live, work and study in Europe with a residency permit. With European healthcare and education widely recognised as some of the best in the world, this is an attractive benefit for many investors. It is worth noting however that unlike citizens, individuals who only hold residency are not entitled to vote or take a place in official office.
Although your residency allows you to move, there is no requirement for you to do so, which means you can have the best of both worlds.
Wincore Advisory Group Provide European residency by investment for different countries across the world. Mainly
To be eligible and obtain the Permanent Residency (PR) the investor should proceed as follows:
Purchase up to two housing units OR one housing unit and a shop of up to 100 sq. m OR one housing unit and an office of up to 250 sq. m of a total value at least €300,000 plus VAT.
A 3 year blocked deposit of €30,000 should be made in a financial institution in Cyprus.
The applicant must show income from abroad of at least €30,000. This income should be increased by €5,000 for each dependent (spouse plus children) and by €8,000 for each parent/ parent in law.
A Temporary Residence Permit is granted in fulfilling all the below conditions (granted within 4 months):
Non-refundable contribution to the National Development and Social Fund – Euro 30,000
Investment in Government approved bonds to be kept for 5 years – Euro 250,000
Maltese real estate, either purchased or leased, must be held for a minimum of 5 years. – Start from Euro 270,000 or Euro 12,000 p.a.
Main applicant must have an annual income of not less than Euro 100,000 arising outside of Malta, or have in possession a capital of not less than Euro 500,000 – Start at Euro 100,000 income or Euro 500,000 capital
Global Health Insurance policy Coverage per person – From Euro 50,000
For more details on the investment contact wincore advisory group at +971 4 221 2602 l 800 WIN / [email protected]
This was originally published in: http://businessweekme.com