14 ways to get EU Residency that you might not know about

14 ways to get EU Residency that you might not know about

From sun soaked beaches, to frosty mountain tops and bustling cities, Europe offers a truly versatile living experience. Whatever you’re looking for, in whatever language you want to speak, you will find it in Europe.  Europe has for centuries been an attractive destination for immigrants and the stability, opportunity and prosperity offered by the EU means that this trend will continue.

Luckily, there are many different options for achieving a coveted European residency visa. The simplest way is through a familial connection, with many EU countries offering a direct and simple ancestry path to residency and citizenship stretching back many generations.

To check whether you are eligible though your family, click here.

For those who don’t have a direct familial link there are many other options. Here are some of the many ways to achieve EU residency. Residency allows you the opportunity to live and work in a country and in many cases, is a pathway to full citizenship and a passport.

Residency by Investment

Looking for a way to invest some of your hard-earned money? You may want to consider investing it in an opportunity where, as well as a great return, you can also receive EU residency and citizenship.

European countries offer different opportunities based on their economic situations and real estate markets. Below are some of the most popular opportunities for residency by investment. Click on any of the country names for more information.

  1. Latvia: Invest more than €50,000 in a small company of less than 50 employees with a company turnover of less than €10 million you can apply for a residency permit.
  2. Romania: Invest €50,000 in a new or existing company which will create 10+ permanent jobs.
  3. Malta: Invest between €220,000 and €275,000 in real estate (depending on the age of the building and area).
  4. Greece: Invest more than €250,000 in real estate.
  5. Cyprus: Invest more than €300,000 in real estate.
  6. Portugal: Invest between €350,000 and €500,000 in real estate (depending on the age of the building and area)
  7. Spain: Invest more than €500,000 in real estate.

Person of Independent Financial Means

Does your business allow you to work from anywhere? Do you have a steady income from exiting investments? You may qualify for a person of independent means visa. Below are some examples of EU countries where this may be possible. Click on any of the country names for more information.

  1. Spain: To live in Spain, you must be able to prove an annual income of €25,920 plus €6,480 for each of your dependents. This option is a frequent pick of digital nomads who earn a living outside of Spain.
  2. Cyprus: To live in Cyprus, you must be able to prove an annual income of €30,000 plus €5,000 for each of your dependents.
  3. Austria: To live in Austria, you must be able to show a regular monthly income of at least the standard rates of the General Social Insurance Act (ASVG). In 2017, the amount was €889.84 for a single person, €1,334.17 for married couples or partnerships, and an additional €137.30 for each child.  You also need a permanent address in Austria, proof that you know the German language at an A1 level (Elementary/beginner level), and full coverage health insurance.
  4. Ireland: An annual income of €50,000 plus a lump sum for emergencies can secure you residency in Ireland.

Find out more about your eligibility, here.

Start-up visas

Are you on fire with entrepreneurial spirit? Do you have an amazing idea for a business? There are EU countries looking for you to make a difference to their economies and they’ll offer you residency to bring your ideas to life in their country. Here are some examples.

  1. Sweden: If you have experience in running a business and sufficient funds to support yourself and your family Sweden offers you the opportunity to get started in the EU.
  2. Austria: If you are planning a company that will deliver innovative products, services, processing methods or technologies and capital of €50,000 you may be eligible for a Startup Visa
  3. France: A French Tech Visa is available to people with an economically viable innovative start up project and financial resources to support you at the level of the current French minimum wage.

The European Union is home to 750 million people and has a GDP of around €20 trillion. If you dream of becoming part of this incredible project, don’t assume that not having a close EU ancestor stops you from living that dream. Explore these and many other ways to start a new life abroad at www.wherecani.live.

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Alastair Johnson

A digital nomad, born and raised in South Africa before heading off into the wider world. Developed a serious case of itchy feet and found some amazing places to live along the way including London, Sydney and now Spain. Happiest sipping a sundowner looking over the ocean talking about the day’s diving.…

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