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Latvia offers the most competitive solution in the EU in 2023 . The applicants must invest only € 50,000 in a Latvian company and pay € 10,000 to the treasury . The additional requirement is that the applicant shows sufficiency ; a single investor must prove an annual income of at least € 15,480 .
Furthermore , Monaco a Principality surrounded by members of the European Union , and maintains a tradition of respecting wealth and business .
WHAT COULD HAPPEN IN THE EUROPEAN RESIDENCY MARKET IN THE SHORT TERM ?
New regulations and bans are on the way .
However , European nations always need fresh investment , enterprising businesspeople , and brilliant minds . If Europe retains any of the spirit that made the continent great , it will welcome all who come to try it out .
If any residency by investment program is closed , demand for immigration for the affluent will persist . Instead of clearly defined rules and regulations existing now , well-connected lawyers will take over this sub-segment of the immigration industry . And we all know what that means for transparency and avoidance of bribery and corruption . Does the European Parliament and Commission really want this ? The answer seems to be yes .
WHAT OTHER COUNTRIES ARE OFFERING RESIDENCY BY INVESTMENT IN EUROPE ? SOME EXAMPLES :
Malta is an internationally minded trading nation and will continue attracting businesspeople worldwide . The EU started an infringement procedure against the old citizenship program , which has been closed , but the new one Malta
LASZLO KISS
“ European nations always need fresh investment , enterprising businesspeople , and brilliant minds .
”
started in 2020 still attracts genuine and affluent people who receive citizenship via the “ Granting of Citizenship for Exceptional Services ” legislation .
Hungary is the cultural and trading hub of the Eastern borders of the EU . Applicants can become residents through a company forming and a real estate investment for only € 180,000 .
Laszlo Kiss is the founder , owner and managing director of Discus Holdings Ltd ., a group of companies that provides investment migration , corporate , financial and tax planning services . Based in Malta with 12 offices worldwide , Discus provides help with applications for residency permits in the United Kingdom , Malta , Cyprus , Greece , the UAE , and many other countries , as well as citizenship applications to Vanuatu , Malta , Turkey and all Caribbean nations . With over 31 years of experience in the industry , Kiss is a member of the International Tax Planning Association and Society of Trust and Estate Practitioners . He has been a founding member of the Investment Migration Council since 2015 . Kiss speaks English , German and Russian .
Sources :
1 https :// www . europarl . europa . eu / doceo / document / TA-9-2022-0065 _ EN . html
2 https :// ec . europa . eu / commission / presscorner / detail / en / ip _ 23 _ 4961