Where the money reside1/12/2024 Read the client’s story 5 countries to get a residence permit in the Americas Now he can change tax residency, expand his business to the European market and enter the Schengen countries visa-free. To avoid this situation in the future and have freedom of movement, the family decided to obtain a European residence permit.ĭavid got residency for himself, his wife and his children. One time, David was informed he exceeded the period of allowed stay, was fined and banned from entering the Schengen Area for six months. The investor must stay at least 7 days a year in Portugal and can renew their residency every 2 years.ĭavid and his family held Italian visas and frequently travelled to the Schengen Area for business and personal reasons. opening a company with the creation of at least 10 jobs.business investment with the creation of 5 jobs- €500,000+.investment in research activities - €500,000+.supporting arts and restoring cultural heritage - €250,000+.purchase of investment fund units - €500,000+. ![]() Wealthy people often choose the Portugal Golden Visa, which allows a person to obtain a residence permit by investment. live in Portugal for at least 183 days a year.have a stable income of €500 per month outside Portugal.buy a property which cost exceeds the average property cost in the region.They can get a special residence permit if they: There is also a program focused on wealthy retirees. There is no minimum sum of money for opening a company however, a person needs to prove they have €5,200+ a year and rent a residential property. People who want to open a company in Portugal can obtain a Startup Visa. It is also essential to live in Portugal for at least 183 days a year to maintain the status. In addition, they travel across the 27 Schengen states visa-free.Ī person who obtains a D7 visa also must buy or rent a property in the country to live in, but there is no minimum price requirement. Maltese permanent residents can live, work, study, and do business in the country without restrictions. Malta permanent residence is a life-long status, but a residence card is subject to renewal once in five years. But the contribution fee will be lower than if renting a property - €28,000. €350,000+ if a property is located in the north or centre of Malta.Īdditional expenses also include an administrative fee of €40,000 and a charitable donation of €2,000. ![]()
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