CYPRUS

COUNTRY OVERVIEW

Country settled in the eastern Mediterranean at the crossroad of Europe, the Middle East and Africa, Cyprus is known for its strategic position and always played a key role shaping the international business route.

Benefits of becoming a resident

  • Gives a Non-EU national, the right to permanently reside in Cyprus
  • No more long immigration entry procedures (e.g Visas for visitors)
  • Family of applicant can also benefit and obtain a residency permit (spouse, children, and parents)
  • Not necessary to reside in Cyprus, only a visit once every two years is required
PERMANENT RESIDENCY

Permanent residence permit in Cyprus may be acquired if the applicant falls within oneof the six categories “A-F” described in the Regulations.

Applications for category F are the most commonly applied for permits and they are valid for five years.

Under F category fall applicants who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession

WHY APPLY FOR CYPRUS RESIDENCY?
  • Gives a Non-EU national, the right to permanently reside in Cyprus
  • No more long immigration entry procedures (e.g Visas for visitors)
  • Family of applicant can also benefit and obtain a residency permit (spouse, children,and parents)
  • Relatively fast procedureof obtaining the residency permit.
REQUIREMENTS FOR F CATEGORY:
  • Minimum annual overseas personal income of EUR 30,000 and EUR 5,000 for dependants,
  • One or two real estate properties of at least EUR 300,000 must be purchased. At least EUR 200,000 of the purchase cost must be settled,
  • Deposit of EUR 30,000.00 for a fixed period of three years in a Cyprus Bank,transferred from abroad.

A minimum annual personal income, sourced from overseas must be at least EUR 9,560 and EUR 4,613 for each of the applicant’s dependants.

For more information and required documents download brochure HERE

GREECE

COUNTRY OVERVIEW

Pursuant to the Greek Immigration Legislation, non-EU nationals can acquire a residence permit in Greece, either by owning a real estate property or by establishing a commercial presence. These two types of residence permits are preferred by non-EU citizens mostly due to – among other reasons – the swift issuance procedure, the resulting rights (including visa free travelling within the Schengen area), the current low real estate prices and the long validity duration of the permit. 

Additionally, residence permits provide the opportunity to apply for Greek Citizenship after seven years, which leads to obtaining an EU passport and ensures freedom of movement and full work rights within the EU. 

BENEFITS OF BECOMING A RESIDENT 

  • Visa free travel in Schengen Area 
  • No requirement to reside in Greece 
  • Fast acquiring procedure  
  • Eligibility to apply for citizenship after 7 years 

 

    1.RESIDENCE PERMIT FOR REAL ESTATE OWNERS 

Who can apply? Non-EU Citizens, owners of real estate property in Greece (either personally or through a corporate entity with shares fully owned by the applicant), provided that the value of the property is at least €250,000.00. 

Residence permit duration: 5 years and renew-able every 5 years provided that the property remains in the possession of the initial owner. 

No minimum stay required. 

The property owner/holder of residence permit may be accompanied by the family members (spouse, children up to 21 years and parents). 

     2. RESIDENCE PERMIT FOR CORPORATE EXECUTIVES 

Who can apply? Non EU – Members of boards of directors, shareholders, managers, legal representatives and senior executives of subsidiaries and branches of foreign companies, legally exercising a commercial activity in Greece. 

Residence Permit duration: 2 years or for a period equal to the expected duration of the applicant’s stay in Greece; renewable every three years. 

The applicants may be accompanied by their family members. 

For more information and required documents download brochure HERE. 

BULGARIA

COUNTRY OVERVIEW

As one of the youngest EU member states, Bulgaria offers attractive investment climate. Operating costs of the business, ideal and well-connected location in Southeast Europe and access to residency of European Union, are just some of the main advantages of this country

BENEFITS OF BECOMING A RESIDENT
  • Low tax rates
  • Residency in 6 – 9 months
  • Fast track option to citizenship in two years
  • No language requirement
  • Exemption from physical residence
  • Free movement within Schengen Area after the country becomes a member
  • Access to high quality heath care in Bulgaria and EU

To qualify for residency applicant must full till the following criteria:

  • Be a non-eu citizen
  • Have a documents proofing the origin of funds
  • Has clear criminal record
  • Possess a valid passport
  • Visit Bulgaria on a minimal basis

For more information and required documents download brochure HERE.

MONTENEGRO

COUNTRY OVERVIEW

Since gaining independence in 2006, Montenegro has been named the ‘’country with the unpredicted fast growth’’ and became one of the most attractive investment destination in Europe and Balkan region. With only 600,000 people living there, untouched natural beauties and pleasant climate, Montenegro became second home to many. Becoming a resident of Montenegro comes along with different benefits such as low corporate and personal income taxes, affordable property taxes and rental opportunities etc.

TEMPORARY RESIDENCY PERMIT

Temporary residency can be acquired on ground of: employment, education and student exchange, medical treatments, family reunion and ownership of immovable property.

The most often used option is temporary residency through employment and it can lead to citizenship after some time. Usually it is obtained through ownership of local company and employment of a non-resident person by the company (most commonly appointed as Executive Director).

Non-resident is eligible for temporary residency if following criteria are met:

  • Proof of employment
  • Obtained residency permit
  • Health insurance
  • Sufficient available funds
  • Proof of educational level

Temporary residency permit is issued for 1 year can be extended for 2 more years. After that period a request for new TRP can be submitted.

Other option, frequently used is obtaining TRP based on ownership of immovable property:• Interested nonresidents should be owners of the house, apartment, restaurant or hotel and should be able to provide Certi­ficate of Ownership. Residence Permit is issued for 1 year can be extended through whole time of ownership.

After the period of uninterrupted 5 years, temporary residence can become permanent.

Applicant can apply for obtaining of citizenship through naturalization, having lived in Montenegro for 5 years in the status of permanent residence.

TO GET FULL PRICING OFFER GET IN TOUCH WITH US HERE.

ROMANIA

COUNTRY OVERVIEW

Situated on the western shores of the Black Sea, Romania became one of the most preferable countries for settling up. It enjoys great natural beauty and diversity and a rich cultural heritage. Romania enchants visitors with its scenic mountain landscapes and unspoiled countryside areas, and also with its historic cities and its busy capital. Over the last decade Romania had undergone a significant development and it is one of the recent members of the European Union.  From the economic perspective, Romania became one of the fastest developing countries in the region.

TEMPORARY RESIDENCY PERMIT

For temporary residency to be obtained, foreign citizen has to enter Romania with long stay visa. After issuing, the permit can be extended for a 1 – 5 years.

For temporary residency to be granted, the applicant has to:

  • Posses a valid passport
  • Has a legal proof of registered living space
  • Posses health insurance
PERMANENT RESIDENCY PERMIT

Is obtained on the basis of already existing temporary permit, and can be granted if:

  • Applicant has proof of interrupted stay in Romania for more than 5 years
  • Applicant has health insurance
  • Applicant has proof of enough subsistence
  • Applicant posses a mandatory level of Romanian language

Except these conditions for obtaining a permit, there is an opportunity for applicants to obtain a residency permit under certain conditions as following:
Applicant has connection with Romania by origin and chooses to stay in Romania in the interest of the State

Applicant makes a rather small investment in the amount of 50,000 EUR not as a permanent investment, but as share capital of a Romanian company, money that can be used by the company afterwards

BENEFITS OF PERMANENT RESIDENCY PERMIT
  • Residency in EU country
  • Right to work and study
  • Social security
TO GET FULL PRICING OFFER GET IN TOUCH WITH US.