A residence permit is a document that entitles a person to legally stay in a country of which he is not a citizen for quite a long time. By obtaining a residence permit, you acquire rights almost the same as those of residents. As a rule, holders of a residence permit cannot participate in elections and do not have the right to get a job.
Where is a residence permit issued for the purchase of real estate?
Turkey
Investment threshold: from 50 to 75 thousand dollars. In 51 sparsely populated areas — from 50 thousand. $, in large cities, for example, in Istanbul, Ankara, Izmir, Antalya, Mersin — from 75 thousand. $ (the cadastral value is taken into account, not the market value). Turkish residence permit (ikamet) They are issued for a period of one to two years with the right to extend, but obtaining citizenship of the Republic of Turkey under this program will require considerable effort and time.
Montenegro
There are no restrictions on the cost of real estate for obtaining a residence permit, the main condition is that the object is legally “clean. A residence permit (Borawak) is issued for one year with the right to annual renewal while you are the owner. When selling property, the residence permit is cancelled. You can apply for citizenship under such a program in five years.
Cyprus
Investment threshold: from 300 thousand. $ + VAT 5-19%. Residential or commercial properties from Cypriot developers will be suitable. Secondary housing is not suitable.
Permanent residence is immediately issued for the purchase of real estate. It will allow you to live in the country on a permanent basis without extension, you cannot get a job under this document. You can receive shares and dividends. Foreigners also have the right to change the tax regime to the Cypriot one.
Permanent residence in Cyprus is issued for the whole family, provided that you earn 30 thousand. € per year + 5 thousand. € per wife and each child + 8 thousand. € per parent.
UAE
Investment threshold: from 205 thousand. There is no residence permit program in the Emirates, but for the purchase of real estate they issue a long-term resident visa for a period of three to ten years (depends on investments). Each visa is extended and, in fact, is indefinite. Family members are automatically issued a resident visa.
Portugal
Investment threshold: from 280 thousand. € and above (depends on location and year of construction). Starting in January 2022, you can buy properties only in the Azores, Madeira and in some inland regions of the country. In Lisbon and However, the purchase of real estate does not give grounds for obtaining a residence permit.
With a Portuguese residence permit, you will receive the status of a citizen after 6 years, when you confirm your knowledge of the Portuguese language. Also, a residence permit allows you to work and run a business; teach children in government institutions and pay taxes on a preferential basis.
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