The most attractive Permanent Residency in EU (Schengen Zone)
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- เผยแพร่เมื่อ 29 ส.ค. 2024
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Today I'm going to talk about a subject that interests many people - the most attractive and fast EU residency within the Schengen zone.
Which country is it? Malta!
Malta offers a residency program, which is sometimes referred to as an infinite residency program by investment. But Malta is not the only EU country that offers residency by investment, what is so special about this one?
First of all, this is a permanent residency. In many cases you'd need to renew your residency yearly (or every three years) for some time until you're able to qualify for the permanent one. Here you get it immediately.
The second big advantage is that Malta is in the Schengen zone, meaning this residency gives you the opportunity to live in any of 26 member states, not just Malta.
The third is that your entire family gets the residency with you. You can bring your spouse and your kids to Europe. This is not the case in Bulgaria, where your family needs to go through the visa process on their own, even though you applied for residency by investment.
Another huge advantage of this residency is that it's unconditional, meaning you can keep it even if you don't spend any time in the country! You don't have to be physically present in Malta at all, and you will still keep your EU residency.
These are the key requirements:
1. In order to apply you need to have a minimum of 100 000 Euros per year as income OR you have to have at least 500 000 Euros in assets. It's required to prove your income or the value of your assets.
2. You need to pay a government fee of 30 000 Euros.
3. You need to invest in 250 000 Euro bond (you will get the money back at the end of the period)
4. Either buy a property worth 270 000 Euro or more OR lease property for 5 years for at least 10 000 Euro per year.
5. Legal fees of setting up this residency are around 25 000 Euros
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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Malta now seems a good place to move... The problem is the whole country is one big city.
Yeah and not that big lol.
Would you consider moving there?
@@MichaelRosmer I may... depends on lots of things... My plan is to start an IoT product company. I need to look at Europe as market.. Still have time to get to conclude... So.. been listening to your videos.. I don't like city life but I also need to see what best fits for my family.
@@vizeet makes perfect sense. Access to talent might be an issue in that industry as well as access to capital.
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
Wait a second. Does that mean if I get MRVP, I will get unlimited travel with in EU? In other words, I can stay in Italy, Portugal, Spain without 90 day limitations? If this is the case, that would be absolutely awesome.
If you've got any Schengen visa yes you can stay anywhere in the Schengen zone without the 90 day limitation that's a big part of what makes it appealing.
@@MichaelRosmer I'm confused. When I worked in the Netherlands, I could NOT stay in any European country for more than 90 days per year. So the question is if I get MRVP, can I stay in Italy or Spain for the whole year? I know that's not the case with Portugese golden visa.
@@libertarianspirit the thing about it is when they can't tell. You're supposed to be in one place but they can't verify the length of time. Just like if you spend over 6 months in a country you're supposed to be tax resident there but within the Schengen zone people can get away with it because there's no border crossings. Not proper but common for people to exploit and get away with.
@@MichaelRosmer I’m interested in formal rights. Does MRVP give right to stay more than 90 days in other countries?
@@libertarianspirit all programs are the same in this regard. By the letter of the rules if you are a citizen of a non-EU country then if you want to spend more than 90 days at a time in a country you need a long stay visa specific to that country. A visa from another country doesn't qualify.
The caveat is they have no way of knowing or policing this so as long as you don't somehow draw attention to yourself you can get away with it, which is what many people do with places like Portugal or even Andorra.
Question on the 500K net worth- can your 250k bond, and the 270k real estate purchase be considered that amount? Or is it 500k on top of those two amounts?
Love all your content
Thanks!
What content would you like to see?
Very important explanation. Many thanks
You're welcome!
Anything else you'd like to see?
Europe is kinda destabilized with the NATO vs Russia activity. Would good is visa free access to Europe if Europe is number one source of conflict?
I was going to go to Malta in 2020. Sadly enough, I didn't due to the lockdowns. It's interesting that one doesn't have to stay in Malta in order to have the residency.
Yeah they have some interesting rules for presence. Be aware it does depend on which program you're under.
@@sreeyeshpoyyil3451 I'm not sure I understand the question what are you asking about?
31yrs old. Just sold house cars etc ready to move ASAP but only have 200k cash. Once I move I’ll have no proof of income and would like to open a car dealership/shop or a high end bicycle shop. Doesn’t seem like Malta will let this happen even tho I’m well enough off. Recommendations?
I have a straight forward question for you , if I am interested in applying for a residence visa by investment do I still need to do biometric screening for example like Portugal's requirements
It varies from country to country. You'd have to check for each individually
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese. Parents get residence permits
Thanks for being brief and to the point. I am 62 years old, on a pension of over1k per month. I could open a small business here, and hoping that my sons would join me moving to Portugal, or Italy in the near future. What would you say would be our best option. I am currently in Lisbon and I visit here quite often from NYC. I really love Portugal
Very much a question of personal preference. If you like it there it might be good. Be aware of double taxation risks if you're coming from the US though
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
Hi there nice video ... But is missing how long it take... What is the processing times from the application until get the card. Tks from Brazil.
Thanks for the feedback.
It takes about 6 months to go through the process.
Reach out to us if you're interested in knowing more or would like help getting this or other residencies set up.
Www.clarity.fm/michaelrosmer
Www.offshorecapitalist.com
Well explained. 👍
Glad to be of service!
Anything you'd like to see in the future?
Insightful video. Do you have other paths to PR or Citizenship to EU countries other than investment. E.g . work and student Visas. Thank you
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
is it true bank deposit of 100k in Purtogal may get u permenant residency? or u can deposit the same amount in five equal years , each year 20k USD? If so then what's the procedure for it and is it necessary to stay in Purtogal for five years to apply for the citizenship? If u know any other Schengen country or Western country that have the option of bank deposit around 100k USD or lil for PR then please be informed. Thank u in advance
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
🤙🏽Very informative but you didn’t named this program in thumb nail?
Make a video comparing all programs in Poland including but not limited to; this one, D2, D7, NHR, etc
You mean all programs in Portugal?
Yes
Will do
Thanks
hey Michael . been watching some of your videos.
really good content.
got a question.
what are some options for an Iranian citizen ?
I am a crypto ( trader/investor ) and i am building up my capital ,
I wanted to ask for Iranians what would you recommend ?
I want to have a goal /target so once i have enough capital for that specific target i could apply .
any advice would be greatly appreciated.
personally i would like somewhere in EU , but im flexible.
It really depends on your personal preference and broader goals. It is of course popular for Iranians to buy property in Turkey and get the citizenship there. Another really popular option we find with Iranians is Portugal where you can get the Golden visa there, great option for crypto.
@@MichaelRosmer thanks , thats what i was thinking myself, portugal .
seems like a good option for me.
when i hit the targets i will contact you.
thanks
@@MichaelRosmer hi Michael
I am interested in applying for Portugal. Family of 4 children above 21 dependent. We are indian citizens want to move to Portugal as retirement and buy property. Please give us a few options. Please email me on Ericalmeidajet@gmail.com and we can arrange for concall sometime. Thanks Eric
Stay out of europe. Stay in your own country.
What is the tax ramifications of in this Malta residency program?
Well you can qualify for this without being tax resident so assuming you are tax resident it depends a bit on your income sources but in principle you can qualify for their non-dom program under which you're taxable only on Maltese source income and income remitted to Malta, which is great.
Which country I should try for work permit , I am professional Accountant with 11 years experience. Would you confirm that?
I would need to learn more about your specific situation. The best choice depends on many factors, not just your profession.
It would be best to book a call calendly.com/michael-rosmer and I'll guide you on the best solution and any next steps
I want to know if internet speed is actually so slow in australia
So can you have a path to citizenship through by the residency program
If I make the investment via my company (US C corp) where I'm a majority shareholder, will I get the permanent residency? is this allowed?
How long does it take till Schengen access after you start the process?
is that only my impression, but I subscribed and I have an impression of deja vu after watching ~10 videos. I would swear this was covered one way or another in other videos. But maybe i am mixing up with other channel... Nonetheless thank you!
Ah no I haven't talked about this program before at all though I have talked a lot about different programs in the EU.
What content would you like to see?
Hello Michael, I've been watching your video for some time now. I was wondering what country should I move to in order to get access to the Schengen area. I was born and raised in Bahrain with a pr and I've got an Indian passport. I'm 17, I'll be moving to complete my undergraduate studies and then hopefully settle down in an European country.
There's a number that could work depends a lot on your preferences and circumstances. Best is usually to book a call if you'd like to discuss in detail
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
Is permanent resident pay tax if he live 182 days in jordan.
So in Malta what benefits do you get with citizenship by investment in Malta that you don’t get with permanent residency by investment? I just read that if you get permanent residency you still have to abide by the 90/180 Schengen rule. Is there a way to avoid the Schengen rule?
Citizenship you can live and work anywhere in the EU and you get the visa free travel, which you don't get from residency
@@OffshoreCitizen so if I acquired Malta citizenship the 90/180 rule doesn’t apply to me? For example if I wanted to just up and vacation in Sweden for 8 months I could do that? Follow that up with a vacation to another Schengen zone country for 5-6 months of vacation with no buffer between trips?
@@jakehart60 basically correct EU citizens are allowed to spend an unlimited amount of time anywhere in the EU
Technically you are supposed to register if you'll be in a given country over a certain length of time but in practice generally no one is policing
@@MichaelRosmer thank you I’ve been desperately looking for someone to confirm or deny this for me for months.
@@jakehart60 happy to help let us know if we can help you actually putting it into place
Hi
I am from Iraq.
Please can you answer my question.
If I apply to this visa and get it, can I later settle in Germany ?
Or do I have to get malta citizenship first.
This doesn't give you access to live in Germany that's separate immigration so one way is to get of Maltese citizenship
@@OffshoreCitizen thanks for your reply.
if my father applied as an investor for malta permanent residency, can I as his married child be granted the residency in the same application?
As a European, would you guys prefer Portugal or Bulgaria for opening up a company and moving there ?
For having a local company Bulgaria is much better. For quality of life Portugal is better. For personal tax it depends on the structure of your income
easy citizenship portugal. Anyone born in portugal to a legal resident is automatically portuguese. Anyone born in Portugal to an illegal migrant residing here for more than 1 year is automatically portuguese
I live in Greece and I have my permanent residence
I would like to know if I can go to Denmark and get the Denmark residence ?
No
Niiiice.. It's to hear you talk a little slower.. I can follow all your saying.. You done a great job. Also I would like to see that video on the Maltese program where you highlight the way it works. I'm curious about that... Thumbs up. 👍🏾
Which Maltese program are you referring to? You mean the non-dom remittance based one?
@@MichaelRosmer yes correct.. I mean that one
@@rubyjams934 just recorded a video yesterday so should be up in a few days
@@MichaelRosmer oh how nice.. I'll watch it as soon as I get the notification.. By the way.. I'm glad there are people like you posting these things.. It helps alot
@@rubyjams934 thanks! Anything else you'd like to see mo
What about Greek residency ?
We'll do a video on it, stay tuned!
Hi I have settlement uk visa can I go to Netherlands without schengen
No. Firstly, UK was never in the Schengen Area (however they have a CTA - Common Travel Area - with Ireland so you have the ability to work and live in Ireland as a British citizen or PR; it should be noted Ireland is also not in Schengen). And secondly, now that Brexit is a reality, living in the EU (with the exception of Ireland) is going to get a lot tougher for Brits and their permanent residents.
All fine, if you;re stinking rich!