{"id":21650,"date":"2018-09-20T07:55:27","date_gmt":"2018-09-20T11:55:27","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=21650"},"modified":"2020-10-12T16:32:49","modified_gmt":"2020-10-12T21:32:49","slug":"what-choices-do-i-have","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/fastest-route-to-residency-or-citizenship-in-europe\/","title":{"rendered":"Fastest Route to Residency or Citizenship in Europe"},"content":{"rendered":"

With the Election less than a month away everyone is scrambling to secure a second residency or passport to protect themselves and their family from political threats. That’s why today I want to share with you the fastest routes to residency or citizenship in Europe. <\/span><\/p>\n

There are several ways that one can get residence or citizenship in Europe, let’s explore them one by one.<\/span><\/p>\n

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Citizenship Through Ancestry<\/strong><\/h2>\n

The first way is citizenship through ancestry. Many European countries will allow you to have your citizenship recognized and reinstated if your parents or grandparents previously held citizenship in that country. Popular European programs to reclaim your citizenship can be found in Ireland, the United Kingdom, Germany, Italy, Hungary, Austria, and the Czech Republic, just to name a few. If you aren’t lucky enough to have parents or grandparents from one of these countries, then you basically have two choices, apply for residency or purchase your nationality through a Citizenship by Investment program.<\/span><\/p>\n

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Residency\u00a0<\/strong><\/h2>\n

The first is to find a country where you’d like to live and apply for basic residency there. Each country is different, but generally, you have to jump through some hoops and hurdles which include obtaining a background FBI report that shows that you haven’t committed any felonies, a health certificate showing generally good health as well as health insurance from your own country, a financial statement showing basic income or assets to support yourself, and show that you have a place to live (lease or purchase). You’ll also need a copy of your passport, birth certificate, marriage certificate, and educational transcripts. You may also need to prepare some type of short essay explaining why you want to live in the country and what you plan to do there. If, for example, you plan to start a business and hire employees, that can be an important thing to convey, even if it is not required.\u00a0<\/span><\/p>\n

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When all the documents are collected, they are generally submitted through that country’s embassy or consulate in your home country, and then an appointment is set for you to return to the embassy or consulate once your application has been received and vetted for an initial interview.\u00a0(One exception to the general rule is Germany, which allows U.S. Citizens to apply for residency from inside Germany. This concessionary approach dates back to the aftermath of World War II and is entirely unique.) <\/span><\/p>\n

After the interview, if everything goes well, you will generally receive a stamp in your passport authorizing you to enter that country for residency purposes, rather than as a tourist. It’s important that when you travel to Europe, you try to enter through that country to have your visa stamped or recorded by the immigration authorities. Otherwise, you’ll need to make an appointment with immigration officials upon your arrival to have your entry recorded within the timeframe as allowed by your visa (generally 90 days).<\/span><\/p>\n

The visa you first receive in your passport is temporary and will be replaced by the immigration authorities with your physical residency card. This is an official government identification card and shows that you live at the specified address within the country. To maintain the residency, you’ll need to stay inside the country more than you are out (183 days or more) and declare that to be your residency for tax purposes. After five years, you’ll generally qualify for permanent residency and citizenship, although in some countries such as Switzerland and Andorra, it can take significantly longer to obtain citizenship even after permanent residency.<\/span><\/p>\n

For folks who can’t be physically present for such a long period of time in Europe, a number of countries have created alternative methods for obtaining a residence or even citizenship without requiring you to spend much or even any time there. These programs are referred to as economic residence\/citizenship or residence\/citizenship by investment programs. They generally require all of the basic background information as mentioned above, but they essentially eliminate the “time” requirement in exchange for some type of financial investment in the country.\u00a0<\/span>If you need help going through this process please feel free to fill in your information here.<\/a>\u00a0<\/span><\/p>\n

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Citizenship by Investment<\/strong><\/h2>\n

There are quite a number of these programs, but let me just mention a few that might be interesting. First, there is a direct citizenship by investment program for Cyprus<\/a>. It requires that you invest a minimum of 2,000,000 euros into real estate in Cyprus in an approved real development project. While this program is expensive, I mention it first because there is no faster route to European citizenship and a second passport than Cyprus. You’ll need to pass a background check and buy your real estate, but the whole process can be done in under 90 days. No residency is required.<\/span><\/p>\n

\"residencyMalta has a similar program<\/a>, but they do have a one year time period between when you obtain residency and when you acquire citizenship. It costs roughly half as much as Cyprus, but rather than acquiring anything, the “investment” you make is essentially an investment into the social welfare network of the country. There is no return on your investment. So, basically, you are simply writing a check for a million euros and getting the passport in return. It is considered to be a top global passport, but you will part with a lot of money to get it.<\/span><\/p>\n

Lastly, I will mention Portugal’s Golden Visa program<\/a>. This is a residency program based on an investment that, once received, allows for a follow-on citizenship application in five years. In the meantime, you would need to spend one-week in-country during year one, two weeks during years two\/three, and two weeks during years four and five. The standard investment in real estate which qualifies is 500,000 euros, but this standard amount can be reduced substantially based on the following criteria:<\/span><\/p>\n