How to get a residence permit for investments? The most budget options

People with good financial opportunities are interested in free movement in different countries, but sometimes they have to face tightening requirements for obtaining a visa. It is possible to solve problems if you have received a residence permit or citizenship by investment of Vanuatu in one of the countries of the world. Experts told what options are considered the most budget-friendly.

Portugal

The minimum amount needed to purchase a property is 500 euros. However, in the case of real estate in need of major repairs, the amount is reduced to 350. In Portugal, a residence permit will be valid for 1 hour, after which it can be extended twice for 2 years. The advantage is that you can apply for a residence permit for the whole family, and you only need to stay in the country for a week at a time. At the same time, there is no need to possess or know the local language.

Malta

A foreign citizen has a choice of where to buy real estate - on the island itself or south of it. In the first case, the minimum is 320 euros, and in the second - only 270. A residence permit can be obtained immediately for 5 years, but it will have to be renewed on an annual basis. As in Portugal, on the island of Malta you can apply for a residence permit for all members of your family. Stay in the country is not mandatory, however, you cannot stay in other countries for more than 183 days. Knowledge of the language is also not required.

Latvia

The most economical option is Latvia, since here the minimum investment amount is 250 thousand euros. A residence permit is issued for 5 years, and it can be extended every hour. The investor can bring his family with him, since the documents can also be issued for relatives. There are no requirements for residence in the country, as well as restrictions on staying in other countries. Knowledge of the language is not required, in addition, most local residents speak Russian fluently, which is a good advantage.

The best option

Even experts cannot say which of the above-described options is better. These countries are very comfortable, safe and meet European standards of living. Undoubtedly, these options are not considered world financial centers, but this is precisely why there is a lower investment.
It is impossible not to note that Latvia can offer the most interesting and favorable conditions for its investors. The program offered by the state will attract businessmen who want to move without changing their usual way of life. However, you need to be prepared for the fact that you will have to learn the Latvian language in order to obtain citizenship, since foreigners need to pass an exam on it.
Do not forget that in each country you will have to pay taxes and state duties, but in Latvia the tariff is cheaper.
Thus, there are many budget options where you can get a residence permit for investment. However, choosing a country should not only take into account economy, but also comfort, standard of living.