An overview of the residency by investment programs available in Portugal, Malta, and Italy. One step closer to an informed decision about your future.
Residency by Investment
Since 2012, Portugal has been granting investment residency through the Golden Visa program.
The beneficiaries of this investor visa are entitled to:
- Freely enter and travel to all Schengen countries;
- Live and work in Portugal for at least 7 days a year;
- Reunite with their families on the territory and;
- Apply for Portuguese citizenship by naturalization after 5 years.
To obtain this residence permit for investment, applicants are required to fulfill a series of general requirements, and invest a minimum sum of money depending on the type of investment:
- €1,000,000 capital transfer;
- Creating a minimum of 10 job positions;
- Purchasing real estate property with a value equal to or above €500,000;
- Purchasing a €350,000 real estate property that is at least 30 years old and situated in urban regeneration areas;
- €350,000 capital transfer in public or private scientific research activities;
- €250,000 capital transfer in areas of public interest (e.g. arts, national heritage, local authorities, etc.);
- €350,000 capital transfer for the acquisition of units of investment funds or venture capital funds;
- €350,000 a capital transfer for the constitution of a society headquartered on the national territory.
Finally, after 5 years of Golden Visa, the investors and their next of kin can obtain the right to apply for Portuguese citizenship by naturalization.
Malta has developed a permanent residency by investment program for all third country nationals who wish to live and work on the island, thus benefitting of all the advantages it entails.
The Malta Residency and Visa program grants a series of benefits, such as:
- lifetime residency in Malta, freedom of movement in all Schengen countries;
- the right to live and work on the national territory indefinitely;
- the extension of the visa to family members;
- the possibility to apply for Maltese citizenship by naturalization after a few years.
In order to acquire this investment residency, there are three mandatory requirements to fulfill:
- firstly, applicants are required to pay a €30,000 government fee;
- secondly, they must purchase a real estate property of the value of €320,000 or rent a property for at least €12,000 p.a.;
- thirdly, they must complete a qualifying investment of €250,000 in either equity or investment scheme.
The Italian government launched the Investor Visa for Italy program, thus granting Italian residency to individuals from third countries who make significant investments of public interest in pivotal areas for the economy and society. This investment residency permit is valid for two years and can be renewed for an additional three-year cycle; also, it can only be issued for a single investment in one of these main categories:
- €1,000,000 in government bonds;
- €1,000,000 in stakes or shares of companies incorporated and operating on the national territory;
- €250,000 in stakes or shares in innovative startups;
- €1,000,000 in philanthropic donations. The acquisition of this investor visa grants a series of benefits such as freedom of movement within all Schengen countries, the right to live and work in Italy, special and advantageous tax regimen.