1. Many investors prefer to own European citizenship

The European Union consists of many countries with outstandingly developed economies along with the most modern education and health care systems. Being a citizen of the European Union will have the legal right to reside in any EU country and at the same time be treated equally, ensuring citizenship rights.

In particular, unlike permanent residents in other countries, EU citizens can freely travel visa-free within the Schengen countries as well as to the US, Australia, Canada or many other countries. In addition, some countries in the union will have a tax exemption policy for their own citizens.

With the privileges reserved for citizens is the reason many people wish to obtain European citizenship in recent years.

EU citizens are free to travel between Schengen countries

2. Invest in real estate to get European citizenship

To obtain foreign citizenship, with other countries' permanent residency programs, foreign investors and entrepreneurs need to establish a business. However, for the European Union, just invest in real estate in the country you want to settle down.

Real estate investment market in Europe is full of potential

Thanks to the economic recovery and investor financial conditions in the European real estate market, the development of house prices in the EU has been boosted. According to statistics from Eurostat, the real estate market in Europe has increased since 2010.

And through 2022, house prices in the first quarter rose 10.5% year-on-year; while rent increased by 1.4%. This is an opportunity for investors to get European citizenship when the real estate market is potential and developing.

3. How to get EU citizenship?

In order to obtain a residence permit or progress to European citizenship by way of real estate investment, investors or entrepreneurs need to pass due diligence, prove income as well as comply with the program terms. .

Each country's government sets its own minimum value requirements when investing in real estate:

• Portugal: Investment from 280,000 EUR.
• Greece: Investment from 250,000 EUR.
• Malta: Invest from 160,000 EUR if you choose to rent a property or buy from 420,000 EUR.
• Slovakia: Invest from 190,000 EUR for real estate values.
• Montenegro: Invest in the amount of 250,000 Euros in real estate.

To find out more information about the project and program to get European citizenship, you can contact iCanfield via hotline or inbox to leave information.