There are several Schengen countries that offer citizenship by investment programs, but the ease of obtaining citizenship can vary depending on the specific program and the country. Some countries, such as Malta and Cyprus, have well-established and popular citizenship by investment programs that have been in place for several years.
Other countries, such as Greece and Portugal, have more recently introduced similar programs. Ultimately, the ease of obtaining citizenship through investment will depend on the specific requirements and the due diligence process of each country. It is recommended to consult with legal experts or immigration consultants for more detailed information about the documents requirements. Some of the mandatory documents you need are: a proof of accommodation, a cover letter, a flight reservation for visa, a travel insurance.
Citizenship By Investment – Malta
Malta offers a citizenship by investment program known as the Individual Investor Programme (IIP), which is one of the most established and well-regarded programs of its kind in the European Union. The IIP is designed to attract high net worth individuals and entrepreneurs who are looking to gain EU citizenship.
To qualify for the IIP, applicants must make a significant contribution to the Maltese government, purchase property in Malta, and invest in government-approved financial instruments.
The contribution to the Maltese government is a one-time payment of €650,000, and the property must be bought for at least €350,000 and must be kept for at least 5 years. Also, there is a €150,000 investment in government-approved financial instruments, which can be held for 5 years.
In addition to the financial requirements, there are also several other criteria that must be met, including a clean criminal record, a thorough background check, and an interview with the Maltese government.
The IIP program also requires that the applicant must reside in Malta for at least 12 months before applying for citizenship and for at least 5 years after obtaining citizenship.
The Malta IIP program is considered one of the most reputable, transparent and efficient programs. The approval process takes around 6-9 months.
The following documents are typically required to support a citizenship by investment application for Malta:
- Passport or national ID card
- Birth certificate
- Marriage certificate (if applicable)
- Police clearance certificate(s) from all countries where the applicant has resided for more than 6 months in the past 10 years
- Medical certificate of good health
- Proof of residence
- CV or professional resume
- Proof of source of funds
- Bank reference letter(s)
- Proof of investment in Malta, such as a property purchase agreement or proof of contribution to a government fund.
Please note that this list may vary slightly depending on the specific program and the applicant’s circumstances. It’s always best to check with the relevant authorities for the most up-to-date and accurate information.
Citizenship By Investment – Greece
Greece offers a citizenship-by-investment program known as the “Golden Visa” program, which grants long-term residence permits to non-EU citizens who invest in the country. This program was established in 2013 as a way to attract foreign investment and boost the country’s economy.
To qualify for the Golden Visa program, applicants must make a significant investment in Greece, such as purchasing property. The minimum investment required is €250,000 for properties located in certain regions, such as the islands and border regions, and €350,000 for properties located in the rest of Greece.
In addition to the investment requirement, there are also several other criteria that must be met, such as a clean criminal record, a thorough background check, and proof of sufficient income to support oneself and any dependents. You can have the visa supporting documents services by Schengen flight reservation visa.
The Golden Visa program also requires that the applicant must reside in Greece for at least 7 months per year and must maintain the investment for at least 5 years. After 7 years of legal residence, the applicant can apply for Greek citizenship, provided that they meet the other criteria such as language and integration requirements.
It is important to note that the Greek program is relatively new and its regulations and requirements may change over time. We recommend you consult with legal experts or immigration consultants for more detailed information.