EU Citizenship – European Countries Offering Citizenship by Investment

In recent years, several European countries have introduced citizenship-by-investment programs, offering a streamlined path to citizenship for individuals willing to make significant financial contributions to their economies. EU citizenship, established by the Maastricht Treaty in 1992, provides extensive rights and privileges, including the freedom to live, work, and travel across member states, access to social services, and participation in EU political processes. Economic citizenship, or citizenship-by-investment, allows individuals to acquire citizenship through various investment avenues such as real estate, government bonds, and business investments. Countries like Portugal, Malta, Greece, and Spain have popularized these programs, each with unique investment requirements and benefits, such as favorable tax regimes, high quality of life, and enhanced global mobility. While these programs offer substantial advantages, they also come with high costs, complex application processes, and potential political and economic risks. Therefore, prospective investors are advised to seek professional guidance to navigate these opportunities effectively.

What is EU Citizenship?

EU citizenship is a status afforded to nationals of European Union (EU) member states. Established by the Maastricht Treaty in 1992, EU citizenship grants individuals a set of rights and privileges in addition to those provided by their national citizenship. Key aspects of EU citizenship include the right to live, work, study, and retire in any EU member state without needing a visa or work permit, and protection against discrimination based on nationality in employment, pay, and working conditions.

EU citizens can seek assistance from any EU member state’s embassy or consulate when abroad if their own country has no diplomatic presence. They also have political rights, such as voting and standing as candidates in the European Parliament and municipal elections in their country of residence. Additionally, EU citizens can petition the European Parliament, make complaints to the European Ombudsman, and communicate with EU institutions in any official EU language.

They are entitled to access healthcare and social services in other EU countries under certain conditions and benefit from EU consumer rights legislation that ensures high safety standards for products and services, the right to return goods bought online, and compensation for flight delays or cancellations within the EU.

These rights collectively aim to foster a sense of European identity and unity, enhancing the social and economic integration of EU member states.

What Is EU Economic Citizenship?

EU economic citizenship, also known as citizenship-by-investment (CBI), is a process by which individuals can obtain citizenship in an EU country by making a significant financial investment in that country. This investment can take various forms, such as purchasing real estate, investing in government bonds, creating jobs, or contributing to a national development fund.

How to Obtain the Easiest EU Citizenship?

The easiest way to obtain EU citizenship often depends on individual circumstances, such as ancestry, financial capability, and willingness to relocate. Here are some of the most straightforward paths:

1- EU Citizenship by Descent

Italy

If you have Italian ancestry, you may be eligible for citizenship by descent, known as jure sanguinis. There is no generational limit, but certain conditions must be met, such as proving an unbroken line of citizenship.

Ireland

If you have an Irish grandparent, you can apply for Irish citizenship by descent. This process is relatively simple and does not require residency in Ireland.

2- EU Citizenship by Investment

Portugal

The Golden Visa Program offers various investment options for obtaining EU citizenship, including real estate, renovation properties, capital transfers, job creation, research, and cultural heritage contributions. Investment amounts range from €250,000 to €1 million, with some reduced rates in low-density areas. Residency requires maintaining the investment for at least five years and spending minimal time in Portugal. After five years, you can apply for permanent residency or citizenship, subject to language proficiency and integration requirements.

Malta

The Individual Investor Program (IIP) provides multiple pathways to EU citizenship through investments, such as contributing €650,000 to the National Development Fund, purchasing real estate, renting property annually for five years, or investing in government bonds or stocks. You must obtain residency for 12 months before applying for citizenship. After meeting the investment and residency requirements, you can apply for citizenship.

3- EU Citizenship by Naturalization

Portugal

After five years of legal residency through the Golden Visa program or other residency permits, you can apply for citizenship. This requires passing a basic Portuguese language test and showing integration into the community.

Spain

After ten years of legal residency, or two years for citizens of former Spanish colonies, you can apply for citizenship. The process includes proving integration into Spanish society and passing a language test.

4- EU Citizenship by Marriage

France

Spouses of French citizens can apply for citizenship after four years of marriage (reduced to three years if they have resided in France for at least one year).

Germany

Spouses of German citizens can apply for citizenship after three years of marriage, provided they have lived in Germany for at least two years.

Choosing the best path depends on your individual situation, including your ancestry, financial resources, and willingness to relocate. Consulting with legal and immigration experts is advisable to navigate the complexities and ensure compliance with all requirements.

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How to Get EU Citizenship by Investment

Getting EU citizenship by investment, often referred to as a “Golden Visa” program, involves making a substantial financial investment in an EU country. This can include real estate purchases, business investments, or contributions to government funds. Here are some countries offering such programs and the general steps involved:

Portugal

Golden Visa Program

  1. Investment Options
    • Purchase real estate worth at least €500,000 (reduced to €400,000 in low-density areas).
    • Invest €350,000 in property requiring renovation (reduced to €280,000 in low-density areas).
    • Transfer €1 million in capital.
    • Create 10 jobs.
    • Invest €350,000 in scientific research or technological development.
    • Invest €250,000 in preserving cultural heritage or supporting the arts.
  2. Residency Requirements
    • Maintain the investment for at least five years.
    • Spend at least seven days in Portugal during the first year and 14 days in subsequent two-year periods.
  3. Citizenship Application
    • After five years of residency, you can apply for permanent residency or citizenship, subject to language proficiency and basic integration requirements.

Malta

Individual Investor Program (IIP)

  1. Investment Requirements
    • Contribution of €650,000 to the National Development and Social Fund.
    • Purchase real estate worth €350,000 or rent a property for €16,000 annually for five years.
    • Investment of €150,000 in government-approved financial instruments.
  2. Residency Requirements
    • Obtain residency for 12 months before applying for citizenship.
  3. Citizenship Application
    • After meeting the investment and residency requirements, you can apply for citizenship.

Greece

Golden Visa Program

  1. Investment Options
    • Purchase real estate worth €250,000.
  2. Residency Requirements
    • No minimum stay requirements.
  3. Citizenship Application
    • Apply for citizenship after seven years of continuous residency.

Spain

Golden Visa Program

  1. Investment Options
    • Purchase real estate worth €500,000.
    • Invest €1 million in Spanish businesses.
    • Deposit €1 million in a Spanish bank.
    • Invest €2 million in government bonds.
  2. Residency Requirements
    • Maintain the investment.
    • Renew residency every two years.
  3. Citizenship Application
    • After ten years of continuous residency (or two years for citizens of former Spanish colonies), you can apply for citizenship.

Bulgaria

Investor Program for Residence and Citizenship

  1. Investment Options
    • Invest BGN 1 million (€511,292) in government bonds or a Bulgarian company.
  2. Residency Requirement
    • Obtain permanent residency.
  3. Citizenship Application
    • Apply for citizenship after five years of permanent residency.
    • Fast-track option available with additional investment of BGN 1 million (€511,292).

Benefits and Drawbacks of Obtaining Citizenship by Investment

Benefits of Obtaining Citizenship by Investment

  • Expedited Citizenship: Investment-based citizenship programs generally provide a faster pathway to citizenship than traditional naturalization methods.
  • Enhanced Global Mobility: These programs often grant visa-free or visa-on-arrival access to numerous countries, significantly improving travel freedom.
  • Expanded Business Prospects: Citizenship in a strategically located or economically robust country can unlock new business and investment opportunities.
  • Tax Advantages: Some nations provide attractive tax benefits to new citizens, such as exemptions from global income tax or inheritance tax.

Drawbacks of Obtaining Citizenship by Investment

  • High Cost: The financial investment required can be substantial, often amounting to hundreds of thousands or even millions of dollars.
  • Complex Process: The application process can be complex, requiring extensive documentation and compliance with various legal and financial regulations.
  • Maintenance of Investment: Many programs require the investment to be maintained for a number of years, which can be a financial burden.
  • Residency Requirements: Some programs require you to spend a minimum amount of time in the country, which may not be convenient.
  • Political and Economic Risks: The stability of the country offering citizenship can change, potentially affecting the value and benefits of the investment.
  • Reputation Risks: There can be a perception that citizenship by investment is a way for wealthy individuals to “buy” citizenship, which may have reputational implications.
  • Potential Tax Liabilities: While some countries offer tax benefits, others may impose taxes on global income, which could be a disadvantage depending on your financial situation. 

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Minimum Investment Requirements for EUCitizenship by Investment

The minimum investment requirements for Europe citizenship by investment programs vary by country and type of investment. Here are the requirements for some of the most popular programs:

Portugal

Golden Visa Program

  • Real Estate: Minimum investment of €500,000 (reduced to €400,000 in low-density areas).
  • Renovation Property: Minimum investment of €350,000 (reduced to €280,000 in low-density areas).
  • Capital Transfer: Minimum transfer of €1 million.
  • Job Creation: Creation of at least 10 jobs.
  • Scientific/Technological Research: Minimum investment of €350,000.
  • Cultural Heritage/Arts: Minimum investment of €250,000.

Malta

Individual Investor Program (IIP)

  • National Development Fund Contribution: €650,000.
  • Real Estate: Purchase property worth at least €350,000 or rent for €16,000 annually for five years.
  • Government Bonds/Stocks: Minimum investment of €150,000.

Greece

Golden Visa Program

  • Real Estate: Minimum investment of €250,000.

Spain

Golden Visa Program

  • Real Estate: Minimum investment of €500,000.
  • Business Investment: Minimum investment of €1 million.
  • Bank Deposit: Minimum deposit of €1 million.
  • Government Bonds: Minimum investment of €2 million.

Bulgaria

Investor Program for Residence and Citizenship

  • Government Bonds/Company Investment: Minimum investment of BGN 1 million (€511,292).

Austria

Citizenship by Investment Program

  • Direct Investment: Substantial direct investment in the Austrian economy, typically starting at around €10 million in a business creating jobs or contributing significantly to the economy.

Can Anyone Buy Citizenship in Europe?

Not everyone can buy a European passport. Citizenship by investment programs typically have specific requirements and conditions that applicants must meet. Here are some key points to consider:

General Requirements

  • Financial Investment: Applicants must make a substantial financial investment in the country, which can include purchasing real estate, investing in businesses, or contributing to government funds.
  • Background Checks: Applicants must pass rigorous background checks, including criminal record checks and financial scrutiny, to ensure they have no criminal history and that their funds are legally obtained.
  • Residency Requirements: Some programs require applicants to reside in the country for a certain period before applying for citizenship. This can range from minimal physical presence to several years of residency.
  • Legal and Financial Compliance: Applicants must comply with the country’s legal and financial regulations, including providing all necessary documentation and adhering to tax obligations.

Eligibility Criteria

  • Age: Applicants must be adults (typically over 18 years old).
  • Health: Some programs require proof of good health and medical insurance.
  • Economic Contribution: Applicants must demonstrate their ability to contribute economically, either through investment or business activities.

Limitations and Risks

  • Not All Countries Offer Programs: Some European countries do not offer citizenship by investment programs at all.
  • Changing Regulations: Laws and requirements can change, affecting the availability and terms of the programs.
  • Reputational and Political Risks: Acquiring citizenship by investment can be subject to political and social scrutiny, potentially affecting the program’s stability and public perception.
  • Financial Risk: The investment required is substantial and carries financial risks, including potential loss of investment.

While many European countries offer pathways to citizenship through investment, the process is selective, requiring significant financial resources, compliance with strict legal and regulatory requirements, and, in many cases, a period of residency. Consulting with legal and immigration experts is essential to navigate these programs effectively.

What are the Characteristics of the EU Citizenship by Investment Program?

EU Citizenship by investment programs offers a pathway to citizenship through significant financial contributions to the host country’s economy. These programs share several common characteristics, although specific requirements and benefits can vary by country. Here are the key characteristics:

Significant Financial Investment

– Real Estate

  • Investment in property is a common option, with minimum amounts varying by country. This can include residential or commercial real estate. For instance, Portugal requires a minimum real estate investment of €500,000.

– Government Bonds or Stocks

  • Some programs allow investments in government bonds or approved stocks. For example, Malta requires an investment of at least €150,000 in government-approved financial instruments.

– National Development Funds

  • Contributions to national development or economic funds are often required. For example, Malta requires a contribution of €650,000 to the National Development and Social Fund.

– Business Investments

  • Investment in local businesses or job creation is another route. Likewise, Portugal allows for job creation investments involving the creation of at least 10 jobs.

Residency Requirements

  • Minimal or No Residency Requirement: Some countries have minimal residency requirements, allowing investors to spend limited time in the country while maintaining their eligibility. For example, Portugal requires only a few days of residency each year.
  • Residency Before Citizenship: Other countries require a period of residency before applying for citizenship. For instance, Malta requires one year of residency before applying for citizenship.

Fast-Track Citizenship

  • Accelerated Process: These programs often provide a quicker route to citizenship compared to traditional naturalization processes. For example, Malta offers citizenship typically within 12 months of meeting investment and residency requirements.

Dual Citizenship

  • Permitted in Many Cases: Many European countries offering citizenship by investment allow for dual citizenship, enabling investors to retain their original nationality. For example, Portugal and Malta both permit dual citizenship.

Comprehensive Application Process

  1. Background Checks: Applicants must pass rigorous background checks, including criminal record checks and financial scrutiny.
  2. Documentation: Extensive documentation is required to prove the legal source of funds, identity, and other personal information.
  3. Professional Assistance: The application process is often facilitated by legal and immigration experts to navigate the complexities and ensure compliance with all requirements.

Benefits of Citizenship

  1. Visa-Free Travel: Citizenship provides visa-free or visa-on-arrival access to numerous countries, including Schengen Area countries.
  2. Right to Live and Work: Citizenship grants the right to live, work, and study in the host country and often throughout the European Union.
  3. Quality of Life: Access to high-quality healthcare, education, and a stable political environment.
  4. Business Opportunities: Enhanced business opportunities within the EU market.

Considerations

  • Cost: These programs require significant financial commitments.
  • Legal and Tax Implications: Dual citizenship and changes in tax residency can have legal and tax implications.
  • Stability and Reputation: Choosing a country with a stable political and economic environment is crucial.

In summary, EU Citizenship by investment programs offers a unique and expedited pathway to citizenship through significant financial contributions. These programs provide various benefits, including enhanced global mobility, business opportunities, and a higher quality of life, while also requiring careful navigation of legal and financial complexities.

What Is the Fastest EU Citizenship?

If speed is your primary concern in obtaining EU citizenship, Malta offers one of the fastest routes through its citizenship-by-investment program. The Malta Individual Investor Program (MIIP) requires several key investments. Applicants must obtain residency for 12 months before applying for citizenship. After meeting these investment and residency requirements, you can apply for citizenship, typically within 12 months. This program is highly attractive due to its speed, being one of the fastest routes to EU citizenship. Despite the high total investment, it covers various aspects, providing flexibility. Maltese passport holders benefit from visa-free access to numerous countries, including the EU and Schengen Area. Additionally, Malta offers a high standard of living, with English as an official language, making it an appealing option for many international investors.

Do Citizenship by Investment in Europe Include Provisions for Family Members?

Yes, many EU Citizenship by investment programs do include provisions for family members, such as children and parents. The specifics can vary by country, but generally, the following points apply:

Children

  • Typically, children under a certain age (often 18 or 21) can be included in the application.
  • Some programs allow older dependent children, such as those who are full-time students or financially dependent on the applicant.

Parents

  • Many programs also allow parents of the main applicant or their spouse to be included.
  • There may be age restrictions or requirements for the parents to be financially dependent on the applicant.

Here is a brief overview of some popular EU Citizenship-by-investment programs and their provisions for family members:

  • Portugal Golden Visa: Allows for the inclusion of dependent children under 18, and older children if they are full-time students and financially dependent. Parents of the main applicant or spouse who are over 65 or dependent can also be included.
  • Malta Citizenship by Investment: Includes dependent children up to age 26 if they are unmarried and financially dependent. Parents and grandparents over 55 who are financially dependent on the applicant can also be included.
  • Greece Golden Visa: Allows children up to 21, and parents of both the main applicant and spouse without age restrictions.

Why Do You Need to Invest in a Second Citizenship in Europe?

Investing in a second citizenship in Europe offers numerous advantages, including:

Freedom of Movement

Holding citizenship in an EU country grants you the right to live, work, and study in any of the 27 EU member states as well as in Switzerland, Norway, Iceland, and Liechtenstein. This unrestricted movement can be particularly advantageous for business, education, and personal travel​.

Business Opportunities

EU Citizenship can open doors to new business opportunities, including access to the European Single Market, which allows for the free movement of goods, services, capital, and people. This can facilitate easier trade and investment within the region​.

Tax Benefits

Some European countries offer favorable tax regimes for new residents. For instance, Portugal has a Non-Habitual Resident (NHR) tax regime, which provides significant tax benefits for a period of ten years. Similarly, Greece offers a flat tax rate for high-net-worth individuals who become tax residents​.

Quality of Life

Europe is known for its high quality of life, including excellent healthcare systems, high educational standards, and robust social security systems. Countries like Malta, Portugal, and Italy are particularly popular for their pleasant climates, rich cultural heritage, and overall quality of life.

Safety and Stability

European countries generally offer a high level of political and economic stability, which can be appealing for individuals seeking a secure environment for their family and investments. This stability can also provide a safe haven in times of political or economic unrest in one’s home country.

Education and Healthcare

EU Citizenship provides access to world-class education and healthcare systems. Many countries in Europe offer free or highly subsidized education and healthcare services to their citizens and residents​.

Diverse Investment Options

Many European Golden Visa programs allow for a variety of investment options, including real estate, government bonds, and investment funds. This diversity allows investors to choose the best option that suits their financial goals and risk tolerance​.

Pathway to Citizenship

Many Golden Visa programs offer a pathway to full citizenship after a certain period of residency. This can provide long-term benefits, including the ability to pass citizenship on to future generations​​.

In summary, investing in a second citizenship in Europe can provide significant benefits in terms of mobility, business opportunities, quality of life, and security, making it an attractive option for many high-net-worth individuals and families.

Conclusion

In conclusion, obtaining EU citizenship, whether through descent, naturalization, or investment, offers a range of benefits and opportunities. EU citizenship extends beyond national rights, providing the freedom to live, work, and travel across member states, access to quality healthcare and education, and robust consumer protections. Citizenship-by-investment programs, while requiring substantial financial commitment, offer expedited pathways to citizenship and the potential for significant returns in terms of global mobility, business opportunities, and enhanced quality of life. However, these programs also come with complexities and risks, such as high costs, residency requirements, and potential political and economic uncertainties. Ultimately, the path to EU citizenship should be carefully considered and tailored to individual circumstances, with professional guidance to navigate the legal and financial landscapes effectively.

Frequently Asked Questions

What does citizenship by investment mean?

Citizenship by investment is a process by which individuals can obtain citizenship in a country by making a significant financial investment in that country’s economy. This type of program is designed to attract foreign capital and businesspeople by providing an expedited pathway to citizenship.

Which EU country is easiest to get citizenship?

Portugal is often considered one of the easiest countries to obtain EU citizenship through investment due to its relatively low residency requirement, a variety of investment options, and a clear path to citizenship after five years. However, the best choice depends on your specific circumstances, including your investment capacity, desired timeframe, and personal or business interests.

Which European countries offer residency programs by investment? 

Several European countries offer residency programs by investment, commonly referred to as Golden Visas such as Portugal, Greece, Spain, Malta, Cypress, and Italy. These programs offer diverse benefits, such as visa-free travel within the Schengen Area, family inclusion, and potential tax advantages. However, the requirements and benefits can vary significantly, so it is essential to research each program thoroughly to determine which best suits your needs.

Is it possible to hold dual citizenship if I acquire citizenship via an investment program?

Yes, many European countries that offer citizenship by investment programs allow for dual citizenship. However, the rules and regulations regarding dual citizenship can vary significantly between countries.

Disclaimer: The content provided on this blog is for informational purposes only and does not constitute legal, financial, or professional advice.