Key advantages and disadvantages of getting a residence permit for retired foreigners in Portugal. Cost of living and taxation. Expert advice and assistance.
Permanent Residence Permit Abroad
Would you like to obtain permanent residence in another country, with or without a Golden Visa?
Permanent residence at its basic level is designed for individuals and families who want to physically relocate full time to a new country. Other clients seek Permanent Residence because they are very mobile, spending time living and working in different countries. They are looking for a favorable place they can call home, preferably in a tax friendly country.
Permanent residence is also suitable as a Plan B - making sure you and your family can "get out of Dodge fast" if necessary. If the worst happens and something goes wrong in your home country - such as political unrest, pandemic or even a war, or you become a victim of crime or extortion - then you have a "second life" in a safe, neutral jurisdiction ready to fit easily into with a minimum of disruption.
Permanent residence or "P.R." can also bring a number of fringe benefits you might not initially have considered. These include access to schools and higher education and healthcare that might not be available in your home country, through to VIP fast track airport privileges in some countries.
By far the easiest way to qualify for a residence permit / permanent residence abroad is by investment. The best known route to permanent residency through investment is the so-called "golden visa." The term Golden Visa was originally coined in Portugal but is now generally applied to residence permits obtained based on a substantial investment, aimed at successful people who are willing to invest in a country in return for residence.
Methods of obtaining permanent residence via the Golden Visa route typically include:
- Investment in financial instruments (government bonds, venture capital funds etc)
- Investments in real estate
- Starting a business (entrepreneur or business angel visas)
- Depositing funds in a bank account
There are also opportunities in many countries to obtain Permanent Residence without going down the investment route. For example, Portugal's D7 visa program, Paraguay's Permanent Residence Program and the Serbia residence program just to name a few.
Another important consideration is the availability of citizenship and passport. In Portugal, for example, Golden Visa holders can apply for Portuguese citizenship after five years, but need to learn some Portuguese language and prove certain integration into the community in order to qualify. If a second citizenship is important to you, then it's probably better to go straight away for Citizenship by Investment in the Caribbean or Vanuatu rather than via the Permanent Residence route.
Bottom line? Choosing a golden visa or permanent residence permit is no easy task. A personalized consultation with a Permanent Residence expert immigration lawyer will help narrow your choice and guide you in the right direction. There is no charge for this initial consultation.
Sign up for a free consultation on the selection of a golden visa to save time and money, getting the right Permanent Residence option without headaches.
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Fresh insider information has appeared about the increase in the price of residency by investment in Greece. Our experts have prepared an overview of the proposed changes and the timing of their implementation.
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Investing in Cyprus – investment type and amount required to obtain residence in Cyprus. Standard requirements for investors and their relatives co-applying for permanent residency in Cyprus. Documents to submit for each applicant category of applicants. Procedure for obtaining a Cypriot residence permit. Reasons behind investment in Cyprus and benefits for immigrant investors. Assistance from International Wealth for Cyprus real estate buyers and other investor categories.
Turkey is a hospitable country that offers a favorable climate, tempting business opportunities, and an actively developing international community. Dual citizenship is allowed, so it is no wonder people flock here to get a residence permit. There are different types of Turkish residence permits, and we discuss all of them in the article. Rules for touristic residence permit renewal have been updated in 2022 – read on to find out. How to bring a family with you, get citizenship by investment, or what documents to submit – you will find everything in our new post.
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When you acquire a legal residence permit in Paraguay, you do not have to permanently live there to keep the permit. One short trip to the country every three years will be enough to remain a legal resident of Paraguay. After holding the permit for three years, you can apply for full citizenship of the country. However, you shall not stay away from Paraguay for more than three years if you want to keep your Paraguayan passport.
Georgia is a beautiful country in the Caucasus with a rapidly developing economy. A foreign national can acquire a legal residence permit there and the easiest way of achieving the goal is investing in the country’s economy. The permit will allow opening a personal or a corporate bank account in the country and it will give access to various electronic government services as well as educational and medical services at reduced prices. The required investment amount starts at US$ 100,000.
Italian golden visas were quite unpopular before due to their high price and the risks associated with the available investment options. Some time ago, however, the authorities of the country introduced some amendments to the immigration program. In particular, the minimum required investment amount has been cut by half and the personal presence requirement has been abandoned.
You will qualify for Portuguese legal residence and citizenship if your ancestors (parents or grandparents) are Portuguese. You can also become a citizen of the country if you marry a local person and your marriage lasts for three years at least. You can apply for a startup visa if you are planning to engage in socially valuable business activities in Portugal. Finally, you can acquire a golden visa to the country that is a legal residence permit granted to foreign investors.
The Armenian economy has been rapidly growing over the last few years. More and more foreign nationals are relocating to Armenia from other countries. They acquire short-term or long-term residence permits. Any type of residence permit can be extended infinitely. Some immigration programs are highly inexpensive as they do not require any investments.
Golden visa programs administered by Portuguese, Spanish, and Greek authorities allow foreign nationals to acquire legal residence in the countries. A legal residence permit issued in an EU member state obviously brings a number of weighty advantages. One of the most outstanding advantages is the opportunity to become a full citizen of a European state after holding the golden visa for several years.
Checking the status of your application for foreign residence is not a difficult task to perform. Normally, you only have to log on to the official website of the immigration authorities of the country where you have applied to and you will find the information there. Alternatively, you can contact your immigration agent and he or she will check your application status for you.
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