Europe has always been a beacon for high-net-worth individuals worldwide, thanks to its robust economy, superior health security, and liberal democratic institutions.
Recently, there’s been a significant uptick in the number of African nationals pursuing European residency through investment.
Henley & Partners, a leader in this field, has unveiled the most popular EU residence by investment programs favored by wealthy African investors.
Portugal Golden Residence Permit Program
Portugal offers an attractive array of investment options for those seeking residency. Here’s a quick rundown of your choices:
- Investment in Venture Capital or Funds: Allocate EUR 500,000.
- Research Endeavors: Invest EUR 500,000 (or EUR 400,000 in low-density areas).
- Cultural Preservation: Contribute EUR 250,000 (or EUR 200,000 in low-density areas).
- Business Establishment: Direct EUR 500,000 towards establishing a company in Portugal.
Why Portugal? Portugal’s Golden Residence Permit Program is renowned for its appealing investment options and favorable tax regime.
This program grants wealthy African families the right to reside in Portugal, offering visa-free access to the Schengen Area and a direct pathway to Portuguese citizenship after five years of legal residency, with minimal physical presence required.
Imagine enjoying the beauty and culture of Portugal while holding a key to the rest of Europe!
Malta Permanent Residence Programme
Malta’s investment opportunities are equally diverse:
- Property Purchase: Buy property valued at EUR 350,000 (or EUR 300,000 in South Malta or Gozo) with an additional contribution of EUR 28,000.
- Property Lease: Lease property at EUR 12,000 annually (or EUR 10,000 in South Malta or Gozo) plus a contribution of EUR 58,000 to the Maltese economy.
Why Malta? Malta’s Permanent Residence Programme offers more than just the right to reside. It provides visa-free access to the Schengen Area, top-tier healthcare, and education within an EU member state.
With no wealth or inheritance tax, Malta stands as a lucrative option for African investors looking to optimize their financial portfolios. It’s like hitting the jackpot on multiple fronts!
Also Read: How to be a Digital Nomad in Europe
Latvia Residence by Investment Program
For a more affordable yet strategic option, consider Latvia:
- Investment in Latvian Company: Invest EUR 50,000 in equity capital.
- State Budget Contribution: Make a one-time payment of EUR 10,000.
Why Latvia? Latvia’s Residence by Investment Program is the most affordable in the EU, offering residency with visa-free access to the Schengen Area and eligibility for citizenship after ten years.
Latvia’s strategic position and thriving economy make it an ideal choice for global entrepreneurs. Plus, the low cost of living is a significant perk!
Greece Golden Visa Program
Greece presents a variety of investment avenues:
- Real Estate Purchase: Acquire property worth EUR 250,000.
- Term Deposit: Place EUR 400,000 in a term deposit.
- Capital Contribution: Invest EUR 400,000.
- Government Bonds: Invest in bonds worth EUR 400,000.
- Corporate Bonds or Shares: Purchase shares or bonds amounting to EUR 800,000.
Why Greece? Greece’s Golden Visa Program offers the right to reside, visa-free access to the Schengen Area, and eligibility for citizenship after seven years.
With no physical presence requirement and several investment options, Greece is a seamless and stress-free choice for investors. Imagine owning a slice of paradise in one of the world’s most beautiful and historically rich countries!
Spain Residence by Investment Program
Spain’s investment options are equally enticing:
- Real Estate: Acquire property worth EUR 500,000.
- Government Bonds: Invest a minimum of EUR 2 million.
- Investment Funds/Bank Deposits: Invest EUR 1 million in funds, deposits, or company shares.
Why Spain? Spain’s Residence by Investment Program offers the chance to live in a vibrant country with visa-free access to the Schengen Area and eligibility for citizenship after ten years.
Spain is particularly favored by real estate investors and those looking to set up a second home in Europe. The country also offers considerable tax benefits for new residents.
Conclusion
Investing in European residency offers not just a gateway to a new life in a prosperous and stable region but also a strategic move for personal and financial growth.
Whether it’s the allure of Portugal’s vibrant culture, Malta’s tax advantages, Latvia’s affordability, Greece’s historical charm, or Spain’s real estate opportunities, there’s a perfect match for every high-net-worth African investor.