Europe remains one of the most attractive destinations for those looking to settle abroad, whether for living, working, or investing. Following the upcoming cancellation of the Golden Visa in Spain, many are wondering what the best options are for obtaining residency in Europe. In this article, we explore the main programs available in Italy, Greece, and Portugal, and how Orience can help you make the best decision.
Residency Options in Italy
1. Investor Visa
Italy offers an Investor Visa for those willing to make a significant investment in the country. The requirements include:
- Minimum investment of 2 million euros in Italian government bonds.
- Investment of 500,000 euros in an Italian company.
- Investment of €250,000 in an innovative Italian startup.
- Donation of 1 million euros to cultural, scientific, or humanitarian projects.
This visa is ideal for those seeking tax benefits and access to the European market.
2. Freelance Visa
The Freelance Visa allows independent professionals to settle in Italy. The main requirements include:
- Proof of stable income.
- A viable work plan supported by contracts.
- Proof of financial solvency.
This program is perfect for those who want to enjoy the Italian lifestyle while working remotely or independently.
Residency Options in Greece
1. D7 Visa for Rentiers
The D7 Visa in Greece is an option for those with passive income, such as rentals, pensions, or investments. The requirements include:
- Minimum annual income of 15,000 euros per person.
- Proof of financial capacity to sustain oneself without working in Greece.
- Rental or acquisition of a property in Greece.
This visa is an excellent option for retirees or individuals with guaranteed income looking for an affordable Mediterranean destination.
2. Residency by Investment Program
The Greek Golden Visa program allows investors to obtain residency by purchasing real estate with a minimum value of 250,000 euros (heritage restorations and commercial transformations). The benefits include:
- Residency for the entire family.
- Access to the European market.
- No minimum residency requirements.
It is an attractive alternative for those looking to maximize their investment opportunities.
Residency Options in Portugal
1. D7 Visa for Passive Income
The D7 visa remains one of the best options for those with stable and passive income. The requirements include:
- Monthly income of at least 760 euros.
- Proof of accommodation in Portugal.
- Private health insurance.
This visa is ideal for retirees or individuals with non-employment income who want to enjoy Portugal’s climate and quality of life.
2. Entrepreneur Visa
Entrepreneurs who wish to establish their business in Portugal can opt for this visa. Some of the requirements are:
- Present a viable business plan.
- Ability to generate local employment.
- Sufficient capital to finance the project.
This option allows not only obtaining residency but also contributing to the country’s economic growth.
How to Choose the Right Program?
Choosing the right residency program depends on several factors:
- Your main objective: living, working, or investing.
- Your financial situation: passive income, investment funds, or entrepreneurship.
- Personal preferences: lifestyle, culture, and language.
At Orience, we analyze your situation and goals to recommend the best option and guide you through every step of the process.
Frequently Asked Questions (FAQs)
1. Is it possible to switch visas once in Europe?
Yes, in many cases, you can switch visas if your situation changes, such as moving from a student visa to a work or investment visa.
2. How long can I stay in Europe with these residency programs?
It depends on the program. For example, D7 and investment visas typically offer renewable permits from 1 to 5 years, with the possibility of permanent residency.
3. Can I include my family in these programs?
Yes, most programs allow spouses and children to be included as dependents, granting them residency as well.
4. What happens if I don’t meet the minimum income requirements?
In that case, other alternatives can be explored, such as combining passive income with entrepreneurship or family support.
5. Do I need to speak the country’s language to obtain residency?
It is not mandatory in most cases, but learning the language can help with integration and improve your experience as a resident.