Dreaming of living in Europe? For most Indian families, the prospect of obtaining the cheapest permanent residency in Europe becomes more and more attractive. A Permanent Residence in Europe by Investment can result in a whole array of benefits, ranging from visa-free travel within the Schengen Area to access to top-class education and health care, and last but not least, a chance for citizenship. This desire to unify Europe can be gleaned from the recent trends: figures released by Eurostat in 2023 reveal a staggering 10% increase in first residence permits issued to Indians within the EU compared to the previous year, indicating heightened interest in European residency.
Let’s explore some of the most appealing European nations with the cheapest permanent residency in Europe via their well-known European Golden Visa programs. Note that “cheapest” also means the lowest cost of investment for obtaining permanent residency in Europe, as well as other costs and long-term advantages involved.
Top European Countries for Cheapest Permanent Residency
When evaluating options for cheapest permanent residency in Europe, it’s wise to consider not just the initial investment but also the overall ease of application, residency requirements, and the quality of life the country offers.
1. Malta: The Malta Permanent Residence Programme (MPRP)
Malta is always at the forefront as the best option for cheapest permanent residence in Europe, with a simple and relatively inexpensive way into the EU. The MPRP is tailored to appeal to non-EU citizens, offering an open path to Permanent Residence in Europe by Investment.
Investment Cost (Effective Jan 1, 2025): The total cost of the MPRP involves several components:
Administrative Fee: A non-refundable fee of €50,000 (with €15,000 payable upon application submission).
Government Contribution:
If purchasing property: €30,000
If leasing property: €60,000
Property Requirement: This must be maintained for at least five years.
Purchase: A property with a minimum value of €375,000 in Malta or Gozo.
Lease: An annual rent of at least €14,000 for a property in Malta or Gozo.
Donation: A €2,000 donation to a local philanthropic, cultural, scientific, artistic, sport or animal welfare NGO registered with the Commissioner of Voluntary Organisations.
Proof of Assets: The applicants should prove capital assets worth at least €500,000, which includes at least €150,000 in financial assets (or €650,000 total assets with €75,000 in financial assets).
Key Advantages: This scheme is often mentioned as being among the cheapest Golden Visa in Europe because of its streamlined route to permanent residence without requiring huge real estate investments or high physical presence. You gain permanent residency for life, can include up to four generations of family members (with an additional €10,000 fee per dependent), and enjoy visa-free travel within the Schengen Area. There’s no minimum stay requirement, offering immense flexibility for Indian applicants who might not wish to relocate immediately but still want to get permanent residency in Europe.
2. Greece: The Greece Golden Visa
Greece’s Golden Visa scheme has long been a favorite option for attaining permanent residence on the European continent, mostly through investment in real estate in the past. Even though reforms made recently have brought in modifications in the amount of investment in highly sought locations, it is still one of the most competitive schemes.
Investment Cost: While properties in sought-after locations like Athens, Thessaloniki, Mykonos, and Santorini now require an €800,000 investment (or €500,000 for specific 10-year hotel leases), the program still offers a €250,000 option. This lower threshold applies to properties undergoing full renovation or conversion from commercial to residential use, or properties in specific, less developed regions. Other options are investing in a Greek business or state bonds for €500,000.
Major Advantages: Greece Golden Visa is known to be one of the cheapest Golden Visa programs in Europe. One of the largest plus points is not having to spend any minimum time there in order to retain your residence permit, ideal for individuals requiring flexibility. It applies to your spouse, dependent children aged less than 21 years, and dependent parents. Besides, it grants visa-free movement around the Schengen Area and an unproblematic path to Greek citizenship after staying for seven years. It’s a suitable choice for Permanent Residence in Europe by Investment. It covers your spouse, dependent children under 21 years old, and dependent parents. In addition, it provides visa-free travel across the Schengen Area and a clear route to Greek citizenship after seven years of residence. It’s a good option for Permanent Residence in Europe by Investment.
3. Cyprus: Permanent Residency by Investment
Cyprus provides a desirable and relatively fast route to European permanent residency through investment, sometimes one of the cheapest European Golden Visa for those wishing to soak up the vibrant Mediterranean lifestyle.
Investment Cost: A minimum of €300,000 is required as an investment. You can choose from several categories: purchasing new residential or commercial properties, investing in the share capital of a Cypriot company that employs at least five people, or acquiring units of Cypriot investment funds. Applicants must also demonstrate a secured annual income of at least €50,000 (increasing for additional family members).
Key Advantages: The Cyprus scheme has a quick processing time of approximately 6 months, among the fastest methods of obtaining Permanent Residence in Europe on Investment. The residence permit is effective for an unlimited period if the investment is preserved. It extends to your spouse, dependent children up to the age of 25 years, and dependent parents. You’ll have visa-free travel in the Schengen Area, and there’s only a brief visit requirement (at least once in two years). This scheme is quite competitive for those seeking cheapest permanent residency in Europe with an easy procedure.
How FRR Immigration Can Help You Achieve Your European Dream
It becomes difficult to understand the intricacies of obtaining the cheapest permanent residency in Europe. This is where FRR Immigration comes in. With our rich experience and in-depth knowledge of international immigration laws, we are best placed to provide Indian clients with assistance through each step of their process of obtaining permanent residency in Europe.
Here’s how FRR Immigration ensures a smooth and successful process for you:
Personalized Solutions: We start with a thorough consultation so that we know your unique needs, financial capacity, and desires. This enables us to determine the most appropriate and affordable Europe permanent residence solutions for you and your family.
Expert Investment Consultancy: We specialize in the different Golden Visa programs and the investment criteria that they have. We will guide you through the categories for qualification, so you can make a well-informed choice for your European Residence by Investment.
Extensive Support: From most extensive document preparation to legality and submission, we do it all. We take care of everything from establishing your source of funds to property purchase details, with the aim of securing your cheapest permanent residency in Europe.
Continuous Support: Our dedication doesn’t stop at obtaining your visa. We offer essential post-approval services to help you settle into your new European lifestyle with ease, and facilitate your path to eventual citizenship.
Take the First Step Towards Your European Future
The dream of a stable, prosperous life in Europe is within your grasp. Whether you’re seeking enhanced global mobility, a higher quality of life, or access to superior opportunities, securing cheapest permanent residency in Europe is a strategic decision. With attractive programs like Malta’s MPRP, Greece’s Golden Visa, and Cyprus’s Permanent Residency by Investment, the path to get permanent residency in Europe is more accessible than ever for Indian applicants.
Call FRR Immigration now for a dedicated consultation. Allow us to be your reliable guide in opening the way to a promising future and assist you in getting the lowest priced permanent residency in Europe that suits your dreams best. Your journey in Europe starts with FRR Immigration – your gateway to worldwide mobility.
Call Now: +91 79778 96942
Book Consultation at frrimmigration.com
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