Over 132,000 Europeans Gain Citizenship Through Residency and Citizenship Investment Programs

In an era where international mobility and global opportunities become increasingly crucial, Residency by Investment / Citizenship by Investment programs offer viable solutions for individuals and families. These programs, as the names suggest, allow foreigners to obtain residency or even citizenship in a particular country by making a significant financial investment. It could be in real estate, business enterprises, or other qualifying investment categories.

Between 2011 and 2019, European countries, namely Portugal, Greece, Italy, and Spain, witnessed more than 132,000 individuals obtain citizenship through these investment avenues. A recent report from Biz News highlighted that, despite concerns, the difficulty of procuring a visa via these schemes hasn’t seen a notable surge.

A closer look at the statistics from individual countries is enlightening:

• Portugal: In 2022, the authorities issued 1,218 golden visas. The first half of this year alone saw 861 applications, marking a sharp increase from the 624 applications during the same period the previous year.
• Greece: The country recorded 4,365 golden visa applications last year, with a whopping 2,432 coming in the final quarter of 2022.
• Spain: The Spanish authorities sanctioned a total of 2,462 golden visas in 2022, presenting an impressive 60% growth from the 2021 figures.

For those considering these pathways to European residency or citizenship, FRR Immigration offers expert guidance and support to navigate the complexities of these programs.

*Source: Newswire.com