In which countries is it possible to obtain a residence permit under favourable conditions?
A residence permit offers non-residents a wide range of opportunities. It is not just about staying in the country for an unlimited period of time. With a residence permit, you can open a business, buy property or get a promising job.
Various programmes can help you obtain such a visa. The cost varies depending on the conditions and the country. Cheaper options cost up to USD 20,000 and are usually available in Asia and the Caribbean. Some programmes require the applicant to pay more than USD 1 million. Visas to the USA, Australia and European countries are considered expensive.
Overview of available residence permit programmes
Both budget and elite programmes have their own nuances. Before choosing a country, it is therefore advisable to familiarise yourself with all the pros and cons. It is also important to understand whether a country is suitable for a comfortable long-term stay. Some of the most popular and affordable destinations are:
1. Thailand. A foreigner can buy a residence permit for five years for USD 19,000 or 600,000 baht. For spouses, the cost is around 800 thousand baht, and for each dependent – an additional 700 thousand baht. The advantages of living in Thailand are the high quality of life and affordable prices. With a residence permit, you can also travel to 80 countries without a visa.
2. Montenegro. With a local residence permit, you can visit 126 countries without restrictions. First of all, Europe. Almost all foreigners doing business in Montenegro can apply to participate in the programme. The cost of registration is approximately USD 50,000. To maintain a residence permit, it is necessary to renew it annually and to notify the Migration Service of any departure from the country for more than one month. Citizenship in Montenegro costs EUR 250 000.
3. Latvia offers favourable conditions for obtaining a visa. To obtain a visa, the applicant must deposit at least EUR 50,000 in a local bank. In addition, fees of around EUR 40,000 must be paid. Latvia is a member of the EU and Schengen, which opens up new opportunities for travellers.
4. Dominica. The Caribbean offers affordable options for obtaining a residence permit. Dominica can be an excellent option. The cost of citizenship is around USD 100,000.
Situation in Europe
Europe is one of the most popular destinations. At the same time, the residency programme in a number of European countries can be more expensive than in the Caribbean. However, there are many more opportunities in Europe when it comes to professional fulfilment or business development. Foreigners often choose to apply for residency in Turkey, Portugal, Greece and Cyprus. These countries harmoniously combine a holiday atmosphere with business potential.