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I believe it is well known how good the benefits are in the EU member countries. European immigration generally gives people the impression of a high threshold. This may be true for some Scandinavian countries and the UK, France and Germany. For example, in the UK, the threshold for investment immigration is £2 million, or about $19.64 million HK Dollar. If you want to have a permanent residency in Europe, you can actually try to look for some smaller countries under the EU.

Greece | Permanent residence permit for investors

If you just want to get a permanent residency in Europe and enjoy living in one of the EU countries, Greece maybe one of the best option for you.

 

Greece and other EU countries were affected by the European debt crisis in the early years and have since launched a succession of “Golden Visas” to encourage foreigners to invest in property and/or government-approved bond funds in order to obtain a long-term or even permanent residence permit in the country.

 

The Greek Golden Visa requires an investment of €250,000 (equivalent to approximately HK$2.215 million) in property in Greece in exchange for a five-year permanent residence visa, and can be applied for the spouse, parents and minor children.

 

The property can be rented or purchased for resale, and the visa can be renewed every 5 years without any conditions of stay, as long as the applicant holds a property worth €250,000 or more for a long period of time during the visa period, with no gaps.

 

Greece is a European retirement resort with rental returns of 6 to 8%, making it a good choice for overseas property investment. If you want to become a citizen, you can also get a golden visa, and after 7 years of immigration supervision, pass the Greek language exam and become a citizen.

 

Minimum investment threshold: €250,000 (equivalent to approximately HK$2.125 million)

 

Greek benefits: Golden visa holders and their dependents can enjoy free medical services provided by the local government and free admission to local schools (including universities).

 

After becoming a local citizen, they can also enjoy the benefits of EU citizenship, work in EU countries, enjoy free medical services in EU member states, free admission to schools (including universities) in EU member states, and purchase property in EU member states.

 

Portugal Golden Visa | European Citizenship

Portugal is one of the most popular countries in Europe and is one of the most affordable countries to immigrate to, with its breathtaking scenery and great food and wine, Portugal has charmed many Hong Kong people and is a retirement paradise for Europeans.

 

The Portuguese Golden Visa is similar to the Greek one, but the only major difference is that the Portuguese government requires applicants to invest at least €350,000 (equivalent to approximately HK$3.1 million) in local property.

 

The Portuguese Golden Visa is divided into 2 categories of property investment.

  1. Investment of €350,000 (equivalent to approximately HK$3.1 million) in the redevelopment of an old building (i.e. a second-hand building over 30 years old and not yet renovated); or
  2. Invest €500,000 (equivalent to approximately HK$4.43 million) in the purchase of a property

 

The Portuguese Golden Visa is renewable in the first and third year for a maximum of 5 years. A minimum stay of 7 days is required in the first year and 14 days every two years thereafter.

 

Portugal accepts applications with lower investment amounts, and applicants must invest at least €250,000 (equivalent to approximately HK$2.215 million) in support of local cultural preservation and artistic creation, making the same amount of money or investment in Greece’s Golden Visa program more palatable for Hong Kong residents who prefer to buy bricks and mortar.

 

Portugal is a 6-year immigration visa, which is one year shorter than Greece, making it more suitable for applicants who want to become EU citizens sooner.

 

Minimum investment threshold: €250,000 (equivalent to approximately HK$2.125 million)

 

Portuguese benefits: Golden visa holders and their family members can enjoy free medical services provided by the local government and free admission to local schools (including universities).

 

After becoming a local citizen, they can also enjoy the benefits of EU citizenship, work in EU countries, enjoy free medical services in EU member states, free admission to schools (including universities) in EU member states, and purchase property in EU member states.

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