Passive investments in real estate in Austria, do not qualify for residency. To gain residency in Greece, you need to invest a minimum of €250,000 (£219,301) in Greek properties — the lowest cost residency program in Europe. Austrian citizenship can be acquired after 10 years of legally living in Austria. The program is commonly known as the “Elite Residency” under which you can buy a property in the country and gets you a permanent residency there. This amount corresponds to approximately EUR 800 per month in effective costs for taxes and social security contributions. Best universities offering english courses for students. A blessing is waiting for those who are planning to buy property in Dubai. Citizenship by Investment in Austria. Best Citizenships is now a part of Yellow network, “Very honest and professional service. How to get a residence permit Henley & Partners AustriaLinke Wienzeile 8/14 There … For both categories, the residence permits can easily be renewed. This is, in particular, the case if: A residence permit that is valid for three years can be granted after two years of residence in Austria. Greece offers residency to anyone buying properties up to €250,000, which can get you a bolthole somewhere in a busy city. Austria is one of the most attractive countries in the world to live in. Important: All information is treated with the highest confidentiality and subject to our privacy policy once received by us. Other European countries such as Malta, Portugal and Spain offer residency through investment in government bonds or real estate. T +43 1 361 6110. One is the buying contract, called “Titel”. 9. Not as such, no. If you rent your property to holiday-makers and pay the income tax for these rentals in Austria then there is an 11,000 euro income tax exemption per person per year, so if two people purchase a property together there is a tax free allowance of up to 22,000 euros per year. These assets should be in the form of a statement … Austria -- Austria offers 10 different types of residency permit that do not require an investment and which can be used for visa-free travel across the Schengen area. Once the application is successful they will be issued Red-White-Red card for long term residency with extensions. Austrian firms hiring highly skilled employees in demand can seek residence permit under the following categories. In essence, you and your family can gain lawful residency in Austria by making a meaningful investment or otherwise significant economic or intellectual property contribution to the country. Austria offers more than ten options for becoming a legal resident and obtaining a residence permit. All types of legal transactions such as contracts of sale, deeds of gift and easement agreements are covered under these regulations. 9. Immigrant Investor Program is a three-tiered system enabling those who invest at a higher level to be granted residency sooner. – Property investment of €500,000 – No resident requirements – Permanent residency after five years, citizenship after six – Full family residency granted – EU Schengen visa travel granted – High tax-free threshold (no taxes paid unless living in Portugal for over 183 days per year) Golden Visas in Portugal are one of the most popular due to the desirability of Portugal as a destination and the flexibility and benefits of the Golden Vis… (Under the sufficient funds criterion, you must be able to show liquid assets at your disposal of about EUR 40,000 per adult and EUR 10,000 per child below 18 years. The residence permit can be granted for a maximum period of 2 years with possible extensions thereafter. The occupation includes a sustainable transfer of capital investment to Austria or the intended occupation creates new jobs or secures existing jobs, or. 10. Valeriy and Anna dreamed of a life in a quiet small town. Permanent residence (Niederlassungsbewilligung): for stays exceeding 6 months per year; for foreign citizens looking for work or to settle in Austria for a long, undetermined period. getty. St. Lucia. The Bulgarian Citizenship Act allows non-EU nationals who resided in Bulgaria for five years on permanent residency to apply for a Bulgarian citizenship and passport. REAL ESTATE PURCHASE AND RESIDENCE PERMIT ID CARD: To buy property in Turkey is started by the non-Turkish buyers passport translation into Turkish at the Public Notary + obtain the National Tax ID Number free from the government State Tax Department, and sign-off at the government Tapu and Land … On your main residence you pay just 2% of the cadastral value of the property. 11. It’s much easier and more “business-friendly” than competitors such as Malta and Austria.. Such investments require minimum connection with the country but allow for freedom of travel within the European Schengen zone and … After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship. The Austrian federal government fixes an annual immigration quota for each federal province and each type of residence permit when issued for first time. There are a few conditions to be met though. A spouse and children under 18 years can be included in an application. Here’s how to get residency and a second passport in Portugal. When you invest in Dubai properties, you are entitled to obtain a residency Visa here. Malta’s residency by investment program is one of the oldest in Europe. Under the category of ‘key manager', the main criteria are that you must have been appointed as a manager of an Austria-based company and are employed at a minimum salary of EUR 2,500 per month. Invest 350,000 euros in a property that is older than 30 years or 500,000 euros in a newer property, and you qualify for residency. Austria offers residency for foreign investors ONLY under the following three categories. An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. Under the category of persons of independent means, the key criteria are that you have sufficient funds, a university degree that is recognized in Austria or knowledge of the German language at A1 level, permanent accommodation in Austria, and health insurance that provides full cover in Austria. Naturalized citizens must renounce previous citizenship as Austria does not allow dual citizenship. Cyprus — The Mediterranean island offers a low corporation tax of 12.5% for residents’ businesses but to apply you need to buy a property worth more than €300,000. 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