Expatriates eyeing permanent residency in Europe now have a clearer path, thanks to Golden Visa programs in five countries. Hungary leads the pack, offering a 10-year residency for investments starting at €250,000, according to a study by Philippou Law. Greece, Cyprus, Italy, and Spain also feature prominently,each with unique investment thresholds and residency durations .

Hungary’s €250,000 Gateway to 10-Year Residency

Hungary tops Philippou Law’s ranking, offering a 10-year residency that can be renewed for another decade. The minimum investment required is €250,000, and the route to a passport takes around eight years.. This makes Hungary an attractive option for those seeking long-term stability in Europe, according to the report.

Greece’s Five-Year Permits with Family Inclusion

Greece offers a five-year residence permit, renewable every five years, for investments of €250,000 in designated historic restorations or commercial-to-residential conversions. the study highlights that family members are included in this permit,making it a family-friendly option for expatriates.

Cyprus: Permanent Residency After Eight Years

Cyprus, known for its successful property market and abundant sunshine, provides permanent residency after eight years, starting from an initial €300,000 investment. The report notes that Cyprus’s sunny climate and robust property market add to its appeal for investors.

Italy’s Longer Path to Citizenship

Italy’s Golden Visa route to citizenship is longer but equally rewarding , beginning with a two-year permit and possible citizenship after at least 10 years of legal residence. The minimum investment starts at €300,000, and living costs are estimated to be 25% cheaper than in the UK, according to the study.

Spain’s Golden Visa: A Competitive Option

Spain also offers a Golden Visa, though the specific details are not as prominently highlighted in the study.. However, the report suggests that Spain remains a competitive option for those looking to invest in European residency.