Route family: Investment

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Route comparison
Country and routeStatusInstrument typeInitial durationRenewableWork rightsCounts toward permanent residencePresence rulesFamily members may be includedHeadline feeInvestment optionsSource-of-funds checksIncome requirement
Bulgaria
long-stay residence permit — investment in an economically disadvantaged region (Foreigners Act, art. 24(1)(20))
Active as of 2026-08-25[1][4]residence permit as of 2026-08-25[1]up to 1 year as of 2026-08-25[6]
ЗЧРБ чл. 23, ал. 1, т. 2: продължително residence is 'with a permitted term of up to one year, save in the cases provided for in this Act'. The register prices the permit in two bands, up to 6 months and up to 1 year.
Yes as of 2026-08-25[1]
The register's filing rule — 'no later than 14 days before the permitted stay expires' — and its provision for repeat certificates presuppose extension.
none as of 2026-08-25[7]
ЗТМТМ чл. 8, ал. 1, т. 2: a third-country national holding a continuous-residence permit on the ground in ЗЧРБ чл. 24, ал. 1, т. 20 has no right of access to the Bulgarian labour market. The grounds listed there are чл. 24, ал. 1, т. 2, 6 – 8, 10, 14, 16, 19 and 20, and the list is closed.
Not established from a qualifying source
  • none stated · to keep the permit as of 2026-08-25[1]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[1]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-prodalzhitelno-neblagopriyaten-region-kapital
    • Asset class: business capital
    • Minimum amount: BGN 250,000 one-off as of 2026-08-25[1][5]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Not less than BGN 250,000 contributed to the capital of a Bulgarian commercial company in an economically disadvantaged region within the meaning of the Investment Promotion Act, where the foreigner is a partner or shareholder with registered shares holding not less than 50 per cent of the capital; as a result new tangible and intangible fixed assets worth not less than BGN 250,000 must have been acquired and at least 5 jobs for Bulgarian citizens created and maintained for the duration of the residence, certified by the Ministry of Innovation and Growth. The assets must be located and operated in a disadvantaged region at the date the investment started. Disadvantaged regions are municipalities whose unemployment rate equals or exceeds the national average; the list is approved by order of the Minister of Innovation and Growth and published in the State Gazette. The jobs requirement applies to each foreign person separately. Implementing rules: ППЗЧРБ чл. 14, ал. 1 and чл. 29б.
Yes as of 2026-08-25[5]Not recorded
Bulgaria
long-stay residence permit — investment in real property (Foreigners Act, art. 24(1)(19))
Active as of 2026-08-25[1]residence permit as of 2026-08-25[1]up to 1 year as of 2026-08-25[6]
ЗЧРБ чл. 23, ал. 1, т. 2: продължително residence is 'with a permitted term of up to one year, save in the cases provided for in this Act'. The register prices the permit in two bands, up to 6 months and up to 1 year.
Yes as of 2026-08-25[1]
The register's filing rule — 'no later than 14 days before the permitted stay expires' — and its provision for repeat certificates presuppose extension.
none as of 2026-08-25[7]
ЗТМТМ чл. 8, ал. 1, т. 2: a third-country national holding a continuous-residence permit on the ground in ЗЧРБ чл. 24, ал. 1, т. 19 has no right of access to the Bulgarian labour market. The grounds listed there are чл. 24, ал. 1, т. 2, 6 – 8, 10, 14, 16, 19 and 20, and the list is closed.
Not established from a qualifying source
  • none stated · to keep the permit as of 2026-08-25[1]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[1]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-prodalzhitelno-nedvizhim-imot-imot
    • Asset class: real estate
    • Minimum amount: BGN 600,000 one-off as of 2026-08-25[1]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Holding period: 5 years as of 2026-08-25[2]
      No holding period is stated for this permit itself. Five years' maintenance of the investment is the condition of the permanent-residence ground at чл. 25, ал. 1, т. 17 (bg-pp-podderzhana-investitsiya), and is recorded here because it is the only stated duration attached to this investment.
    • Restrictions: Not less than BGN 600,000 per foreigner, either for acquiring ownership of real property in Bulgaria, or where the foreigner owns more than 50 per cent of the capital of a Bulgarian commercial company and has contributed the same sum to its capital so that the company acquires ownership of real property of that value. At the date of application the sum must have been paid in full into an account with a licensed Bulgarian credit institution; where the property was acquired with borrowed funds, the outstanding part of the loan must not exceed 25 per cent. Implementing rules: ППЗЧРБ чл. 14, ал. 1 and чл. 29а.
Not recordedNot recorded
Bulgaria
permanent residence permit — capital contribution to a certified priority investment project (Foreigners Act, art. 25(1)(7))
Active as of 2026-08-25[2][4]residence permit as of 2026-08-25[2]Not applicable as of 2026-08-25[2][6]
Permanent residence is granted for an indeterminate term (ЗЧРБ чл. 23, ал. 1, т. 4); the register records the act's validity as 'постоянен' (permanent).
Not applicable as of 2026-08-25[6]
No renewal: the status is granted for an indeterminate term.
full as of 2026-08-25[7]
ЗТМТМ чл. 9, ал. 1, т. 2: no labour-market access permit is required for a holder of long-term or permanent residence, or for their family members. A permanent-residence permit on this ground therefore carries access to employment without a separate work authorisation.
Not applicable as of 2026-08-25[2]
This route is itself the permanent-residence status.
  • none stated · to keep the permit as of 2026-08-25[2]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[2]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-pp-prioriteten-investitsionen-proekt-kapital
    • Asset class: business capital
    • Minimum amount: BGN 2,000,000 one-off as of 2026-08-25[2][5]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Contribution to the capital of a Bulgarian commercial company carrying out a priority investment project certified under the Investment Promotion Act, evidenced by a bank document and certified by the Ministry of Innovation and Growth. The ministry's certificate is free of charge, is issued within 30 days (extendable by 10 working days) and is valid 6 months; an application is not examined before a priority-project certificate under art. 20(1)(1) of the Investment Promotion Act has been issued.
Yes as of 2026-08-25[5]
A declaration of the origin of funds is required with the ministry's certificate application.
Not recorded
Bulgaria
permanent residence permit — capital contribution to an unlisted Bulgarian company (Foreigners Act, art. 25(1)(8))
Active as of 2026-08-25[2]residence permit as of 2026-08-25[2]Not applicable as of 2026-08-25[2][6]
Permanent residence is granted for an indeterminate term (ЗЧРБ чл. 23, ал. 1, т. 4); the register records the act's validity as 'постоянен' (permanent).
Not applicable as of 2026-08-25[6]
No renewal: the status is granted for an indeterminate term.
full as of 2026-08-25[7]
ЗТМТМ чл. 9, ал. 1, т. 2: no labour-market access permit is required for a holder of long-term or permanent residence, or for their family members. A permanent-residence permit on this ground therefore carries access to employment without a separate work authorisation.
Not applicable as of 2026-08-25[2]
This route is itself the permanent-residence status.
  • none stated · to keep the permit as of 2026-08-25[2]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[2]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-pp-kapital-nepublichno-druzhestvo-kapital
    • Asset class: business capital
    • Minimum amount: BGN 6,000,000 one-off as of 2026-08-25[2]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Contribution to the capital of a Bulgarian commercial company whose shares are not traded on a regulated market. A bank certificate must show that not less than BGN 6,000,000 was received in the company's account on its incorporation or on an increase of its capital. Implementing rules: ППЗЧРБ чл. 34, ал. 1 and чл. 39а.
Not established from a qualifying source
Not stated by the register entry for this ground.
Not recorded
Bulgaria
permanent residence permit — capital investment with asset acquisition and job creation (Foreigners Act, art. 25(1)(16))
Active as of 2026-08-25[2][4]residence permit as of 2026-08-25[2]Not applicable as of 2026-08-25[2][6]
Permanent residence is granted for an indeterminate term (ЗЧРБ чл. 23, ал. 1, т. 4); the register records the act's validity as 'постоянен' (permanent).
Not applicable as of 2026-08-25[6]
No renewal: the status is granted for an indeterminate term.
full as of 2026-08-25[7]
ЗТМТМ чл. 9, ал. 1, т. 2: no labour-market access permit is required for a holder of long-term or permanent residence, or for their family members. A permanent-residence permit on this ground therefore carries access to employment without a separate work authorisation.
Not applicable as of 2026-08-25[2]
This route is itself the permanent-residence status.
  • none stated · to keep the permit as of 2026-08-25[2]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[2]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-pp-kapital-500-hilyadi-kapital
    • Asset class: business capital
    • Minimum amount: BGN 500,000 one-off as of 2026-08-25[2][5]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Contribution of not less than BGN 500,000 to the capital of a Bulgarian commercial company, where the foreigner is a partner or a shareholder with registered shares holding not less than 50 per cent of the company's capital; as a result of the contribution the company must have acquired new tangible and intangible fixed assets worth not less than BGN 500,000 and created at least 10 jobs for Bulgarian citizens, maintained for the duration of the residence. The Ministry of Innovation and Growth issues the certificate after the company has justified the need for the foreigner's residence to carry out and maintain the investment; the jobs requirement applies to each foreign person separately.
Yes as of 2026-08-25[5]Not recorded
Bulgaria
permanent residence permit — five years’ maintained investment on an art. 24(1)(19) or (20) permit (Foreigners Act, art. 25(1)(17))
Active as of 2026-08-25[2]residence permit as of 2026-08-25[2]Not applicable as of 2026-08-25[2][6]
Permanent residence is granted for an indeterminate term (ЗЧРБ чл. 23, ал. 1, т. 4); the register records the act's validity as 'постоянен' (permanent).
Not applicable as of 2026-08-25[6]
No renewal: the status is granted for an indeterminate term.
full as of 2026-08-25[7]
ЗТМТМ чл. 9, ал. 1, т. 2: no labour-market access permit is required for a holder of long-term or permanent residence, or for their family members. A permanent-residence permit on this ground therefore carries access to employment without a separate work authorisation.
Not applicable as of 2026-08-25[2]
This route is itself the permanent-residence status.
  • none stated · to keep the permit as of 2026-08-25[2]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[2]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-pp-podderzhana-investitsiya-podderzhane
    • Asset class: other
    • Minimum amount: Not established from a qualifying source
      This ground carries no threshold of its own. It is open to a foreigner who has held a продължително residence permit under чл. 24, ал. 1, т. 19 or т. 20 and has maintained the investment for five years; the amounts are those of the underlying route (bg-prodalzhitelno-nedvizhim-imot or bg-prodalzhitelno-neblagopriyaten-region).
    • Restrictions: Five years' maintenance of the investment made under чл. 24, ал. 1, т. 19 (real property) or т. 20 (capital in a disadvantaged region). Implementing rules: ППЗЧРБ чл. 34, ал. 1 and чл. 39, ал. 6, т. 7.
Not recordedNot recorded
Bulgaria
permanent residence permit — investment in financial assets (Foreigners Act, art. 25(1)(6))
Active as of 2026-08-25[2][3]residence permit as of 2026-08-25[2]Not applicable as of 2026-08-25[2][6]
Permanent residence is granted for an indeterminate term (ЗЧРБ чл. 23, ал. 1, т. 4); the register records the act's validity as 'постоянен' (permanent).
Not applicable as of 2026-08-25[6]
No renewal: the status is granted for an indeterminate term.
full as of 2026-08-25[7]
ЗТМТМ чл. 9, ал. 1, т. 2: no labour-market access permit is required for a holder of long-term or permanent residence, or for their family members. A permanent-residence permit on this ground therefore carries access to employment without a separate work authorisation.
Not applicable as of 2026-08-25[2]
This route is itself the permanent-residence status.
  • none stated · to keep the permit as of 2026-08-25[2]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[2]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-pp-investitsiya-finansovi-aktivi-akcii-obligacii
    • Asset class: company shares
    • Minimum amount: BGN 2,000,000 one-off as of 2026-08-25[2][3]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Shares or bonds of Bulgarian commercial companies traded on a regulated market or a multilateral trading facility in Bulgaria; the threshold is market value.
    • Option: bg-pp-investitsiya-finansovi-aktivi-koncesiya
    • Asset class: other
    • Minimum amount: BGN 1,000,000 one-off as of 2026-08-25[2][3]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Rights under concession contracts on Bulgarian territory; the threshold is the contract value. No asset-class vocabulary value covers concession rights.
    • Option: bg-pp-investitsiya-finansovi-aktivi-kis
    • Asset class: investment fund
    • Minimum amount: BGN 1,000,000 one-off as of 2026-08-25[2][3]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Units or shares in collective investment schemes originating in Bulgaria, provided the scheme's net asset value is at least BGN 5,000,000, it is licensed or authorised by the Financial Supervision Commission, and its investment strategy is directed mainly at the shares and/or bonds described in the first option.
    • Option: bg-pp-investitsiya-finansovi-aktivi-aif
    • Asset class: investment fund
    • Minimum amount: BGN 1,000,000 one-off as of 2026-08-25[2][3]
      Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Restrictions: Units or shares in alternative investment funds established in Bulgaria and managed by Bulgarian AIF managers, provided each fund's assets are at least BGN 3,000,000, the fund and its manager are licensed or registered with the Financial Supervision Commission, and the strategy is directed mainly at Bulgarian assets and invests only in units, shares and bonds of Bulgarian companies, including special-purpose investment companies.
Yes as of 2026-08-25[3]
The Bulgarian Investment Agency's prior approval requires a declaration of the origin of funds and a politically-exposed-person declaration under the Anti-Money Laundering Measures Act, and the agency decides within 40 days after coordination with the State Agency for National Security and the Ministry of the Interior, which give their opinions under чл. 25, ал. 9 ЗЧРБ within 25 days. The approval is valid 6 months and is expressly not a ground for a long-stay visa or a residence right on its own.
Not recorded
Bulgaria
permanent residence permit — persons attached to a certified investment (Foreigners Act, art. 25(1)(13) in conjunction with art. 25c)
Active as of 2026-08-25[2][4]residence permit as of 2026-08-25[2]Not applicable as of 2026-08-25[2][6]
Permanent residence is granted for an indeterminate term (ЗЧРБ чл. 23, ал. 1, т. 4); the register records the act's validity as 'постоянен' (permanent).
Not applicable as of 2026-08-25[6]
No renewal: the status is granted for an indeterminate term.
full as of 2026-08-25[7]
ЗТМТМ чл. 9, ал. 1, т. 2: no labour-market access permit is required for a holder of long-term or permanent residence, or for their family members. A permanent-residence permit on this ground therefore carries access to employment without a separate work authorisation.
Not applicable as of 2026-08-25[2]
This route is itself the permanent-residence status.
  • none stated · to keep the permit as of 2026-08-25[2]
Yes as of 2026-08-25[6]application: BGN 10 one-off as of 2026-08-25[2]
Source states the threshold in Bulgarian leva. Bulgaria adopted the euro on 2026-01-01 at the fixed rate 1 EUR = 1.95583 BGN; none of the sources consulted publishes a redenominated figure for this threshold.
    • Option: bg-pp-sertifitsirana-investitsiya-sertifikat
    • Asset class: business capital
    • Minimum amount: Not established from a qualifying source
    • Restrictions: The investor company nominates the individuals and must justify why their residence is needed to carry out and maintain the investment. Under чл. 25в, ал. 2 the eligible categories are: a partner or shareholder with registered shares holding 50 per cent or more of the registered capital; a person representing the company or its procurator; and a person employed under a contract for a key and/or control function in the company's research, production, marketing or other principal activity, or another activity needed for the investment. The Ministry of Innovation and Growth certifies the facts.
Yes as of 2026-08-25[5]
A declaration of the origin of funds is required with the ministry's certificate application.
Not recorded
Cyprus
Immigration Permit for investors (expedited procedure under Regulation 6(2))
Active as of 2026-08-07[8][10]residence permit as of 2026-08-07[8][10]
The instrument is an Immigration Permit conferring permanent residence, evidenced by a residence card.
Recorded at the source, but not reducible to a single value[8][9]Yes as of 2026-08-07[8][9]
The underlying residence right does not expire; the card is replaced on its ten-year expiry.
none as of 2026-08-07[8][9]
The Immigration Permit categories are defined by the activity the holder intends to pursue and the permit does not itself confer general labour-market access. Under the quality criteria the applicant and spouse must confirm that they do not intend to undertake any form of employment in the Republic, with the single exception of acting as Directors in the company in which they invested under this policy; where the investment is not in company share capital they may hold shares in Cyprus-registered companies and may hold an unpaid directorship.
Not applicable[8][9]
The Immigration Permit is itself the Republic's permanent-residence instrument, so there is no separate permanent-residence status for it to lead to.
  • maximum consecutive absence · 2 years · to keep the permit as of 2026-08-07[8][9]
    An Immigration Permit ceases to be valid if the holder and dependants acquire permanent residence abroad or are absent from Cyprus for a period of two years. Separately, the permit ceases to be valid if the holder and dependants, being resident outside Cyprus, fail to acquire residence in Cyprus within one year of the approval of the application.
Yes as of 2026-08-07[10]application: EUR 500 as of 2026-08-07[8][10]
    • Option: cy-immigration-permit-fast-track-new-dwelling
    • Asset class: real estate
    • Minimum amount: EUR 300,000 as of 2026-08-07[10]
      Purchase of a house or apartment from a development company, first sale, market value at least EUR 300,000 plus VAT; official payment receipts of at least EUR 300,000 excluding VAT are required regardless of the delivery date.
    • Restrictions: Up to two housing units may be purchased, including by a couple, provided their combined market value meets the threshold, and they need not come from the same development company. The sale must be a first sale by a development company unless the purchase occurred before 07/05/2013; resale contracts filed with the Department of Lands and Surveys before that date are accepted. Purchase in the name of a legal person is accepted where the applicant and/or spouse are its sole shareholders or ultimate beneficial owners and the company is established in the Republic, another EU member state or an EEA state. Where the property's bedrooms cannot accommodate the dependants, another property must be identified as their residence.
    • Option: cy-immigration-permit-fast-track-other-real-estate
    • Asset class: real estate
    • Minimum amount: EUR 300,000 as of 2026-08-07[10]
      Purchase of real estate other than houses or apartments – offices, shops, hotels or related estate developments, or a combination – with a total value of EUR 300,000. These purchases may be resales.
    • Restrictions: Evidence of accommodation in the Republic must be provided separately (title, sale contract with proof of payment, or a rental agreement). Income for the EUR 50,000 test may in this case derive wholly or partly from activities within the Republic.
    • Option: cy-immigration-permit-fast-track-share-capital
    • Asset class: company shares
    • Minimum amount: EUR 300,000 as of 2026-08-07[10]
      Initial investment of EUR 300,000 in the share capital of a newly registered Cyprus company, or an increase of EUR 300,000 in the share capital of an existing one, the company being based and operating in the Republic with a proven physical presence and employing at least five people.
    • Restrictions: Documentary proof required: shareholders certificate and certificate of incorporation from the Registrar of Companies and Official Receiver, business profile, proof of payment, and evidence of the personnel employed issued by the Social Insurance Services. Evidence of accommodation in the Republic must be provided separately.
    • Option: cy-immigration-permit-fast-track-fund-units
    • Asset class: investment fund
    • Minimum amount: EUR 300,000 as of 2026-08-07[10]
      Investment of EUR 300,000 in units of a Cyprus Investment Organization of Collective Investments in the form of an AIF, AIFLNP or RAIF, whose investments must be held in the Republic.
    • Restrictions: Documentary proof required: titles or other proof of the purchased units, proof of payment, confirmation by CySEC of the setting up of the fund, and the fund's memorandum. Evidence of accommodation in the Republic must be provided separately.
Yes as of 2026-08-07[10]
The investment funds must be proved to have been transferred to Cyprus from abroad, from the applicant's and/or the spouse's bank account (or from a company account where the applicant and/or spouse are its sole shareholders), and paid into the seller's account at a Cyprus financial institution; evidence must show the money did not derive from domestic borrowing.
EUR 50,000 per year as of 2026-08-07[10]
Secured personal annual income of at least EUR 50,000 in addition to the investment, increased by EUR 15,000 for the spouse and EUR 10,000 for each dependent minor child. For the residential-property option the income must derive from abroad and be proved by a tax return from the country of tax residence or, per the clarifications to the 4th revision, by certificates from an independent certified accountant; for the other three options it may come wholly or partly from activities within the Republic. The spouse's income may be counted. The annual re-proof of income was abolished by the 4th revision; annual proof of maintaining the investment and of health insurance where the holder is no longer a GESY beneficiary remains.
Czechia
Long-term Residence Permit for the Purpose of Investment
Active as of 2026-06-24[12][17]residence permit as of 2026-06-24[12][17]
s. 42n grants a 'povoleni k dlouhodobemu pobytu' evidenced by a biometric residence card, not a visa. A separate D/VR visa is issued only to collect the card where the application was lodged abroad.
up to 2 years as of 2026-06-24[12][14][17]
s. 44(9): 'Povoleni k dlouhodobemu pobytu za ucelem investovani se vydava na dobu uskutecneni vyznamne investice, nejdele vsak na 2 roky.' The term is relational – the period needed to carry out the significant investment – with a two-year ceiling, hence bound 'maximum'. The Information Portal states the ceiling alone: 'For a maximum of 2 years.'
Yes as of 2026-06-24[12][17]
s. 44a: the validity may be extended repeatedly for the period needed to achieve the purpose of stay, in each case for at most 2 years.
own activity only as of 2026-06-24[12][17]
The permit exists for its own purpose and the holder must fulfil it for the whole of its validity. s. 42n(1)(a) requires the holder to be an entrepreneur with the right to carry on the business concerned, so business activity is inherent to the purpose; nothing on the route page grants a right to take employment, which under this Act runs through the employee card or the blue card instead. 'own_purpose_only' rather than 'self_employment_only' because s. 42n(3) also admits a member of a statutory body or a prokurista of a corporation, which is not self-employment.
Yes as of 2026-06-12[17]
s. 68(2)(a) of Act No. 326/1999 Coll. counts time on a long-term visa and on a long-term residence permit toward the 5 years of continuous residence that s. 68(1) requires for permanent residence, with no discount for this purpose of stay.
  • none stated · to keep the permit as of 2026-06-24[12][17]
Yes as of 2026-06-12[17]
Act No. 326/1999 Coll. s. 42a(1): the spouse of a foreigner with permitted residence, that foreigner's minor child or the minor child of that foreigner's spouse, a minor placed in substitute family care / adopted / warded, and a lone foreigner over 65 (or of any age who cannot care for themselves for health reasons) reuniting with a parent or child, may apply for a long-term residence permit for the purpose of family reunification.
application: CZK 2,500 as of 2026-06-24[11][12]
Administrative fee for an application lodged with the Ministry of the Interior in the territory.
    • Option: cz-investment-significant-investment
    • Asset class: business capital
    • Minimum amount: CZK 75,000,000 one-off as of 2026-06-24[12][14]
    • Value may fall below the threshold: No as of 2026-06-12[17]
      s. 44a conditions extension on the investment made so far being proportionate to the time already spent in the territory and to the size of the significant investment, so the commitment is a floor that has to be worked toward rather than a balance that may fall.
    • Restrictions: Two conditions attach to the same threshold and neither has a structured home in reqInvestment. First, job creation: at least 20 new jobs, each held for the duration of the significant investment or, where the permit is issued for 2 years, for at least 2 years, by an employee engaged for the statutory weekly working time who is an EU citizen or a family member of one (s. 42n(2)). Second, substitution: up to 60 per cent of the CZK 75,000,000 may be met by investing other tangible or intangible assets, including technology and know-how, whose ownership and origin the applicant proves and whose value certified by an expert under the asset-valuation act, together with the money actually invested, reaches the total set by government regulation. Where the applicant applies as a partner rather than as the investor, their shareholding must be at least the minimum set by government regulation, which the MFA states as 30 per cent. The Ministry of Industry and Trade delivers a binding-in-practice opinion within 15 working days on whether the investment is significant, whether the plan is credible, feasible and of benefit, whether substituted assets are comparable in contribution, and whether the applicant's activity has substantial influence on the corporation (s. 42n(4)-(5)); s. 42n(6) presumes substantial influence where the number of statutory-body members or prokuristi does not exceed a number set by government regulation.
Yes as of 2026-06-24[12][17]
s. 42n(1)(d): the funds must be held on an account in an EU or EEA state with a person authorised there to provide payment services, and 'na pozadani je cizinec povinen prokazat jejich puvod'. The Information Portal lists proof of the origin of the funds among the documents to be supplied on request, alongside two years of financial statements for the applicant and the controlling person, a solemn declaration of no insolvency decision, and proof of ownership and origin of any other assets invested with an expert valuation.
Not recorded
Estonia
Residence permit for business – for large investors
Active as of 2026-06-29[18][21]residence permit as of 2026-06-29[18][21]up to 5 years as of 2026-06-29[18][21]
Statutory maximum. Aliens Act s. 119(1): a temporary residence permit is issued with a period of validity of up to five years; the Police and Border Guard Board states the same for the residence permit for business. The actual term is set case by case under s. 119(2).
Yes as of 2026-08-08[21]
The Police and Border Guard Board states that a temporary residence permit may be extended for up to 10 years at a time.
full as of 2025-04-15[18][19]Yes as of 2026-06-29[18][26]
Aliens Act s. 232(1)(1): a long-term resident's residence permit may be issued to a person who has resided in Estonia on the basis of a residence permit for at least the last five years before the application. The provision is not limited by the basis on which the temporary residence permit was issued.
  • none stated · to keep the permit as of 2026-06-29[18]
    Aliens Act s. 197-4 disapplies the actual-dwelling requirement of s. 117(1) and the population-register registration requirements of s. 121 and s. 129(3) to the issue and extension of a temporary residence permit issued to a large investor for enterprise, and s. 197-7 provides that the absence of a registered residence or actual dwelling in Estonia is not a ground for revoking such a permit.
Yes as of 2026-06-29[18][23]
A family member of a foreign national residing in Estonia on the basis of a residence permit may be issued a temporary residence permit to settle with them.
application: EUR 350 as of 2025-01-01[24]
Temporary residence permit for business, application submitted in Estonia.
    • Option: ee-trp-business-large-investor-company
    • Asset class: business capital
    • Minimum amount: EUR 1,000,000 as of 2026-06-29[18][21]
      Aliens Act s. 197-3(1): a direct investment of at least EUR 1,000,000 in a company entered in the Estonian commercial register that invests primarily in the Estonian economy. Under s. 197-3(1-1) a direct investment includes an investment in share capital for which real estate, machinery or equipment has been acquired and registered as fixed assets, or for which investments have been made in other companies entered in the Estonian commercial register that have actual economic activity in Estonia.
    • Value may fall below the threshold: No as of 2026-06-29[18][21]
      Aliens Act s. 197-3(2): the investment must be lasting during the period of validity of the residence permit, meaning it is not reduced except through fluctuations in the market price of the investment and is not taken out of the company or fund. Under s. 197-3(3) the beneficiary company or fund may be changed during validity provided the new one meets the same conditions.
    • Restrictions: The company must be entered in the Estonian commercial register and invest primarily in the Estonian economy.
    • Option: ee-trp-business-large-investor-fund
    • Asset class: investment fund
    • Minimum amount: EUR 1,000,000 as of 2026-06-29[18][21]
      Aliens Act s. 197-3(1): an investment of at least EUR 1,000,000 in an investment fund which, under its investment policy, invests the fund's resources primarily in companies entered in the Estonian commercial register. Section 197-3(1-1) refers to a fund created or founded on the basis of the Investment Funds Act.
    • Value may fall below the threshold: No as of 2026-06-29[18][21]
      Aliens Act s. 197-3(2), same lasting-investment condition as for the direct company investment.
    • Restrictions: The fund must invest primarily in companies entered in the Estonian commercial register.
Yes as of 2026-06-29[18]
Aliens Act s. 197-5(4): the issue or extension of the permit may be refused, or the permit revoked, where the applicant does not provide evidence of the trustworthiness of the financial source of the investment or of the business partner.
6 × subsistence level per month as of 2026-05-19[20][21]
Minister of the Interior's regulation s. 53(4): for a temporary residence permit under Aliens Act ss. 191, 197-2 and 198 the legal-income rate is six times the subsistence level established under s. 131(3) of the Social Welfare Act for each month spent in Estonia. The Police and Border Guard Board states the same condition as 'sufficient income (six times the subsistence level)', confirmed by signing the application.
France
carte de séjour pluriannuelle portant la mention « talent-porteur de projet » — parcours investissement économique
Active as of 2026-06-01[32][35]residence permit as of 2024-01-28[32]
Carte de séjour pluriannuelle under L. 421-16.
up to 4 years as of 2026-06-01[32][35]Not established from a qualifying sourceown activity only as of 2026-06-01[32][35]
L. 421-16: commercial activity connected to the investment project that justified issue.
Yes as of 2026-06-01[34]
Multi-year "talent" cards count toward the five years required for the carte de résident de longue durée-UE.
  • none stated · to keep the permit as of 2026-06-01[32][35]
Yes as of 2026-06-01[35]
Spouse and minor children use the simplified "famille accompagnante" procedure and receive a multi-year "talent-famille" card without going through family reunification (regroupement familial).
application: EUR 350 as of 2026-06-01[35]
    • Option: fr-talent-investissement-immobilisations
    • Asset class: business capital
    • Minimum amount: EUR 300,000 as of 2026-06-01[33][35]
      CESEDA art. R. 421-35, 2°: an investment in tangible or intangible fixed assets (immobilisations corporelles ou incorporelles) on French territory of at least EUR 300,000, made or undertaken to be made.
    • Restrictions: CESEDA art. R. 421-35 sets two cumulative conditions and a holding structure. The investment may be made personally or through a company that the applicant manages or in which the applicant holds at least 30% of the capital. Condition 1°: create or safeguard employment, or undertake to create or safeguard employment, on French territory within the four years following the investment. Condition 2°: the EUR 300,000 fixed-asset investment. Art. R. 421-36 withdraws the card if the operation or undertaking has not begun to be carried out within one year of issue, or if the funds are established to come from unlawful activities. That one-year rule is a deadline for beginning the operation, not a minimum holding period for the investment. This route is one of the three limbs of a single residence card. CESEDA art. L. 421-16 issues one multi-year card bearing the mention "talent-porteur de projet" to a foreign national in any of three situations (1° business creation, 2° innovative economic project, 3° direct economic investment), and each limb carries its own conditions in CESEDA arts. R. 421-33 to R. 421-36. The three limbs appear here as three routes because their conditions and their route families differ; they are not three separate cards.
Yes as of 2025-06-16[33]Not recorded
Greece
Golden Visa – permanent residence permit for investors (type B.5)
Active as of 2026-08-04[38][44]Not recorded5 years as of 2026-04-30[38][45]Yes as of 2026-04-30[38][45]
Renewable indefinitely for equal 5-year periods while the investment is retained (Art. 100(4))
none as of 2024-04-05[38][49]
Art. 100(9): no access to any form of employment; letting the property long-term is permitted (Art. 100(7)), short-term letting prohibited (Art. 100(7A))
Yes as of 2023-04-01[39][42]
Permit is itself indefinite-by-renewal; holders are not excluded from EU long-term resident status (Arts. 143-145) but must separately meet its residence-continuity, income and integration conditions (ministry clarification of 07.11.2022 on access despite lack of labour-market access)
  • none stated · to keep the permit as of 2026-04-30[38][45]
    Art. 100(4) final sentence: periods of absence from Greece are no obstacle to renewal – no minimum stay to keep the permit
Yes as of 2026-02-06[37][39]application: EUR 2,000 as of 2023-04-01[39][44]
Art. 171(1)(c): EUR 2,000 e-paravolo for type B permits; minors exempt (Art. 171(2))
    • Option: gr-golden-visa-zone-a-property
    • Asset class: real estate
    • Minimum amount: EUR 800,000 as of 2024-04-05[38][49]
    • Restrictions: Zone A: Attica region, Thessaloniki regional unit, Mykonos and Thira (Santorini) regional units, and islands with census population above 3,100. Single property only; for built property (or property with building permit) at least 120 m2 of main living space; short-term (sharing-economy) letting and subletting prohibited (EUR 50,000 fine + revocation); full payment before application via prescribed banking channels.
    • Option: gr-golden-visa-zone-b-property
    • Asset class: real estate
    • Minimum amount: EUR 400,000 as of 2024-04-05[38][49]
    • Restrictions: All other areas of Greece. Single property only; 120 m2 minimum main-space rule for built property; same short-term-letting prohibition and payment rules as Zone A.
    • Option: gr-golden-visa-conversion
    • Asset class: real estate
    • Minimum amount: EUR 250,000 as of 2025-11-12[38][48]
    • Restrictions: Art. 100(2)(c): property whose main spaces are converted to residential use (incl. industrial buildings out of operation for at least 5 years), nationwide; single property; conversion must be completed before the application (may be done by the seller); property may not be used as a company seat or branch (EUR 50,000 fine + revocation); certification per JMD 214926/2025.
    • Option: gr-golden-visa-heritage
    • Asset class: real estate
    • Minimum amount: EUR 250,000 as of 2025-11-12[38][48]
    • Holding period: 5 years as of 2024-04-05[38]
      Full restoration/reconstruction must be completed by the first renewal (5 years); EUR 150,000 fine otherwise; transfer before completed restoration is void
    • Restrictions: Art. 100(2)(d): listed/heritage building (or part) to be restored or reconstructed, nationwide; single property.
    • Option: gr-golden-visa-tourist-lease
    • Asset class: other
    • Minimum amount: EUR 400,000 as of 2024-04-05[38][49]
      Total contractual rent at the applicable zone minimum; EUR 400,000 is the default (all other areas) – see territorial_variants for the Zone A figure.
    • Amounts by zone:
        • Zone: Zone A: Attica region, Thessaloniki regional unit, Mykonos and Thira (Santorini) regional units, and islands with census population above 3,100
        • Minimum amount: EUR 800,000 as of 2024-04-05[38][49]
        • Zone: All other areas of Greece
        • Minimum amount: EUR 400,000 as of 2024-04-05[38][49]
    • Restrictions: Art. 100(1)(d): long-term lease of hotel accommodation / furnished tourist residences in integrated tourist resorts (L.4002/2011 Art. 8(2)) or timeshare lease (L.1652/1986); total contractual rent at the applicable zone minimum, fully paid before application.
Yes as of 2026-04-22[38][40]
Art. 100(5): payment only via crossed cheque, credit transfer or POS through Greek-operating institutions, with all payer details declared before the notary (payment may come from spouse or relatives up to 2nd degree); Circular 1/2026 mandates referral of suspect flows to AADE and the AML Authority
Not applicable
No income/means test beyond the investment itself
Greece
Golden Visa – pre-2024 real-estate regime (EUR 250,000 flat threshold; EUR 500,000 in designated areas from 2023)
Closed as of 2025-04-30[38][49]Not recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recorded
Greece
Residence permit for financial investments (type B.4)
Active as of 2025-12-31[39][41]Not recorded5 years as of 2023-09-13[39][47]
Art. 95(1) and Art. 99(5)
Yes as of 2023-09-13[39][47]
Equal 5-year renewals while the investment is retained (certified retention)
none as of 2025-12-31[39][41]
Art. 99(7): no access to any form of employment
Yes as of 2023-04-01[36][39]
Not excluded from EU long-term resident status; LTR conditions (residence continuity, income, integration) apply separately
  • none stated · to keep the permit as of 2023-09-13[39][47]
    Art. 95(1): periods of absence are no obstacle to renewal of type B permits
Yes as of 2026-02-06[37][39]application: EUR 2,000 as of 2023-09-13[39][47]
Art. 171(1)(c), type B permits; minors exempt
    • Option: gr-financial-investment-capital-contribution
    • Asset class: company shares
    • Minimum amount: EUR 500,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(a): capital contribution to a company seated/established in Greece (excl. portfolio investment companies and, subject to (b), REICs) for shares in a capital increase or bonds in a bond-loan issue traded on Greek regulated markets/MTFs; executed via a Greek-operating investment firm or credit institution.
    • Option: gr-financial-investment-reic
    • Asset class: company shares
    • Minimum amount: EUR 500,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(b): shares in a capital increase of a Greek Real Estate Investment Company (AEEAP, L.2778/1999 Art. 21) investing exclusively in Greece.
    • Option: gr-financial-investment-vc
    • Asset class: investment fund
    • Minimum amount: EUR 500,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(c): shares of a venture-capital company (EKES, L.2367/1995 Art. 5) or units of a venture-capital mutual fund (AKES, L.2992/2002 Art. 7), where the alternative investment organisation invests exclusively in companies seated/established in Greece.
    • Option: gr-financial-investment-gov-bonds
    • Asset class: government bonds
    • Minimum amount: EUR 500,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(d): Greek government bonds with at least 3 years' remaining maturity at purchase, bought and held via a Greek-established credit institution as custodian.
    • Option: gr-financial-investment-deposit
    • Asset class: bank deposit
    • Minimum amount: EUR 500,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(e): fixed-term deposit at a Greek credit institution, at least 1-year term with standing renewal order; joint holders limited to spouse/partner and relatives up to 2nd degree.
    • Option: gr-financial-investment-listed-securities
    • Asset class: company shares
    • Minimum amount: EUR 800,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(f): shares, corporate bonds and/or Greek government bonds traded on Greek regulated markets/MTFs; dedicated exclusive-use account; average annual cash balance may not exceed 20% of the initial investment (reinvestment allowed).
    • Option: gr-financial-investment-mutual-fund
    • Asset class: investment fund
    • Minimum amount: EUR 350,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(g): units of a mutual fund (Greek or foreign) investing exclusively in securities traded on Greek markets; fund assets at least EUR 10,000,000; fund and manager licensed by a supervisory authority (non-EU: IOSCO member with information-exchange agreement with the Hellenic Capital Market Commission).
    • Option: gr-financial-investment-aif
    • Asset class: investment fund
    • Minimum amount: EUR 350,000 as of 2025-12-31[39][41]
    • Restrictions: Art. 99(1)(h): units/shares of an Alternative Investment Fund (OEE) established in Greece or another EU member state investing exclusively in Greece (incl. real estate); fund assets at least EUR 3,000,000; fund and manager licensed/registered; dedicated account with 20% average-balance cap.
Yes as of 2025-12-31[39][41]
Art. 99(4): investment must be made with funds remitted from abroad; remitter may be the investor or spouse/partner or relatives up to 2nd degree
Not applicable
No income test beyond the investment
Greece
Strategic investors residence permit (type B.1)
Active as of 2023-09-13[39][47]Not recorded5 years as of 2023-09-13[39][47]
Art. 95(1)
Yes as of 2023-09-13[39][47]
Equal renewals while the investment is being implemented or operated
Not established from a qualifying source
Art. 96 does not state labour-market access; the permit is tied to the holder's role in the strategic-investment entity
Yes as of 2023-04-01[36][39]
Not excluded from EU long-term resident status; LTR conditions apply separately
  • none stated · to keep the permit as of 2023-09-13[39][47]
    Art. 95(1): absences are no obstacle to renewal
Yes as of 2026-02-06[37][39]application: EUR 2,000 as of 2023-09-13[39][47]
Art. 171(1)(c)
    • Option: gr-strategic-investor-strategic-investment
    • Asset class: business capital
    • Minimum amount: Not established from a qualifying source
      No single minimum in Art. 96; the entity's investment must qualify as 'strategic' per the category thresholds of L.4864/2021 Art. 2(2) (varying by category), confirmed by the General Directorate of Strategic Investments
    • Restrictions: Permit for up to 5 third-country nationals who are members of the management or shareholders of the (foreign) legal entity carrying the strategic investment; granted by decision of the Minister of Migration and Asylum on proposal of the Ministry of Development's strategic-investments directorate.
Not established from a qualifying source
Vetting occurs within the strategic-investment approval process (L.4864/2021); route-specific AML documentation not verified
Not applicable
Hungary
Residence permit for guest investor
Active as of 2026-03-03[50][51]residence permit as of 2026-03-03[51]
The route is a two-instrument path: a guest investor visa (national visa, up to 6 months) followed by the guest investor residence permit. Recorded here as the residence permit; the visa stage is in process.stages.
10 years as of 2026-03-03[51]
Validity of the document is capped at 10 years.
Yes as of 2026-03-03[51]full as of 2026-03-03[51]
Entitles the holder to pursue activities independently for remuneration or to act as chief executive of a business organisation, and to perform work for or under the direction of others under a contract of employment; NDGAP states the holder is entitled to work in Hungary without restrictions.
Not established from a qualifying source
NDGAP's national residence card page lists the residence-permit purposes that bar a national residence card, and the guest investor permit is not among them; no positive statement that time on this route counts toward long-term residence status was located, so this is left unknown rather than inferred from a negative list.
  • none stated · to keep the permit as of 2026-03-03[51]
    No minimum-presence or maximum-absence condition is published for the guest investor residence permit. A separate obligation applies: any change in the data on which the investment was verified must be reported via Enter Hungary within 5 days of the change.
Not established from a qualifying sourceapplication: EUR 110 as of 2026-03-03[53]
    • Option: hu-guest-investor-fund-units
    • Asset class: investment fund
    • Minimum amount: EUR 250,000 as of 2026-03-03[50][51]
    • Holding period: 5 years as of 2026-03-03[51]
    • Restrictions: Investment fund share issued by a real estate fund registered by the Hungarian National Bank (MNB), whose net asset value comprises at least 40 percent investments in residential real estate in Hungary and whose fund manager appears on the register of qualified market operators under Act XXX of 2016. The fund manager must be an AIFM under Act XVI of 2014 authorised to manage AIFs with assets under management above EUR 100 million (including leverage), or above EUR 500 million for unleveraged AIFs with no redemption rights within 5 years, or an investment fund manager under the same Act managing a real estate fund with assets under management above EUR 600 million. The shares must be deposited in a securities sub-account blocked for at least 5 years on the guest investor's order, with the securities account manager released from confidentiality in respect of the blocking.
    • Option: hu-guest-investor-donation
    • Asset class: donation
    • Minimum amount: EUR 1,000,000 as of 2026-03-03[50][51]
    • Restrictions: Financial donation to a higher education institution maintained by a public trust with a public-service mission, for educational, scientific research or artistic creation activities. Certified by the receiving institution.
Yes as of 2026-03-03[50][52]
The legal origin or acquirement of the funds must be credibly substantiated, by a public document or a private document of full probative force evidencing the origin of the property, or by proof of taxable regular income from employment or business activity. The aliens policing authority also assesses circumstances excluding the investment on the basis of United Nations and European Union restrictive measures.
Not recorded
Ireland
Immigrant Investor Programme
Closed as of 2025-11-27[54][55]
Closed to further applications. Applications on hand at the closing date, and projects already approved, continue to be processed and monitored; the closure did not affect existing approved projects or investors.
Not established from a qualifying sourceNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recorded
Italy
Investor Visa for Italy
Active as of 2026-08-04[59][64]
Program suspended for Russian and Belarusian nationals – see route-level nationality_restrictions.
Not recorded2 years as of 2026-08-04[61][66]
2-year 'per investitori' permit; apply at the Questura within 8 days of arrival; investment/donation must be executed within 3 months of entry or the permit is revoked/not issued.
Yes as of 2026-08-04[62][66]full as of 2026-08-04[58][66]
Art. 26-bis(5-bis): same rights as the self-employment permit; official FAQ confirms both employed and self-employed activity are permitted.
Yes as of 2026-08-04[62][68]
After 5 years of permit holding (investment maintained) the holder may request the EU long-term residence permit; general art. 9 conditions (income, language, continuity) apply.
  • none stated · to keep the permit as of 2026-08-04[63][66][69]
    Explicit statutory exemption: art. 26-bis(5-bis) exempts the holder from continuity-of-stay obligations for 5 years from first issuance (policy guidance: 'obligations related to continuity of presence in the Italian territory do not apply'). Also exempt from the integration agreement. Presence remains a precondition for PR continuity (art. 9(6)) and tax residence.
Yes as of 2026-08-04[58][66]
Art. 26-bis(8): family members eligible under art. 29 may enter 'al seguito' (accompanying) with a family visa under art. 30.
application: EUR 0 as of 2026-08-04[57]
    • Option: it-investor-visa-bonds
    • Asset class: government bonds
    • Minimum amount: EUR 2,000,000 as of 2026-08-04[64][66][69]
      Securities issued by the Italian government (BTP, CCT/CCTeu, CTZ, BTP Italia per policy guidance) with residual maturity of at least 2 years.
    • Holding period: 2 years as of 2026-08-04[63][66]
    • Value may fall below the threshold: No as of 2026-08-04[63][66]
      Permit revoked if the investment is divested before the 2-year term; renewal requires the sum to remain fully invested.
    • Option: it-investor-visa-company
    • Asset class: company shares
    • Minimum amount: EUR 500,000 as of 2026-08-04[64][66][69]
      Equity instruments of a company (societa di capitali) incorporated, resident and operating in Italy, in active state with at least one filed balance sheet (policy guidance). One company per application.
    • Holding period: 2 years as of 2026-08-04[66]
      'Mantenuto per almeno due anni' (art. 26-bis(1)(b), wording in force since 18 Dec 2024).
    • Value may fall below the threshold: No as of 2026-08-04[63][66]
    • Option: it-investor-visa-vc-fund
    • Asset class: investment fund
    • Minimum amount: EUR 500,000 as of 2026-08-04[65][66]
      Capital instruments of a venture capital fund established and operating in Italy; option added by L. 193/2024 art. 35, in force 18 Dec 2024. Other collective investment vehicles do not qualify.
    • Holding period: 2 years as of 2026-08-04[66]
    • Value may fall below the threshold: No as of 2026-08-04[66]
    • Option: it-investor-visa-startup
    • Asset class: company shares
    • Minimum amount: EUR 250,000 as of 2026-08-04[64][66][69]
      Equity of an innovative start-up registered in the special section of the Companies Register (art. 25(8) DL 179/2012).
    • Holding period: 2 years as of 2026-08-04[66]
    • Value may fall below the threshold: No as of 2026-08-04[66]
    • Restrictions: Target must qualify as 'start-up innovativa' under art. 25 DL 179/2012 at investment time.
    • Option: it-investor-visa-donation
    • Asset class: donation
    • Minimum amount: EUR 1,000,000 as of 2026-08-04[64][66][69]
      Philanthropic donation supporting a public-interest project in culture, education, immigration management, scientific research, or recovery of cultural and landscape assets.
    • Restrictions: Non-recoverable donation; project and recipients must be described in detail at application.
Yes as of 2026-08-04[63][66]
Art. 26-bis(2)(c): certification of the lawful origin of the funds; funds must be available, transferable to Italy, and beneficially owned by the applicant. Anti-money-laundering provisions expressly preserved (art. 26-bis(9)).
Not established from a qualifying source
Latvia
Temporary residence permit for a foreigner holding subordinated liabilities with a Latvian credit institution
Active as of 2026-05-20[79][83]residence permit as of 2026-05-20[79]
Section 23 issues a termiņuzturēšanās atļauja – a temporary residence permit; OCMA issues it as a foreigner's eID card.
up to 5 years as of 2026-05-20[79]Not established from a qualifying sourceNot established from a qualifying sourceNot established from a qualifying sourceNot recordedYes as of 2026-05-20[79]
Immigration Law Section 23(4): in the cases named in Section 23(1) the foreigner's spouse, the minor children (including children under guardianship) of the foreigner or of the spouse, and persons under trusteeship, are likewise entitled to request a temporary residence permit for the term of the permit issued to the foreigner. A child who was a minor when the permit was requested falls under Section 29 on reaching majority.
application: EUR 160 as of 2026-03-18[88]
Review of documents submitted for requesting a temporary residence permit, within 30 days. Source: Cabinet Regulation No. 731, as published by OCMA.
    • Option: lv-pakartotas-saistibas-noguldijums
    • Asset class: bank deposit
    • Minimum amount: EUR 280,000 as of 2026-05-20[79][83]
    • Holding period: at least 5 years as of 2026-05-20[79][83]
      The term of the transaction entered into with the credit institution must be not less than five years.
    • Restrictions: OCMA additionally requires a document from the Latvian credit institution confirming the subordinated liabilities and the transaction term, and, where the investment was made in a foreign currency, confirmation that on the date the agreement was entered into the amount met the statutory figure at the accounting exchange rate of that date.
Not established from a qualifying source1 × minimum monthly wage within normal working time per month as of 2026-04-01[84]
Default rule in Cabinet Regulation No. 225: the minimum monthly wage in cases not covered by sub-paragraphs 11.1 to 11.6, which do not name this ground. OCMA states the applicable amount as EUR 780 a month from 1 April 2026.
Latvia
Temporary residence permit for a foreigner who has invested in the share capital of a company
Active as of 2026-05-20[79][86]residence permit as of 2026-05-20[79]
Section 23 issues a termiņuzturēšanās atļauja – a temporary residence permit; OCMA issues it as a foreigner's eID card.
up to 5 years as of 2026-05-20[79]Not established from a qualifying sourceemployment only as of 2025-01-01[79][81]
Cabinet Regulation No. 55 sub-paragraph 8.2.3 grants the holder of a permit under Immigration Law Section 23(1)(28) the right to employment without an opinion of the State Employment Agency, so no labour-market test applies. The commercial-activity annotation in sub-paragraph 2.4, which is what carries the right to trade on one's own account, names the individual-merchant, company-officer and start-up grounds and not this one, so the right recorded here is employment.
Not established from a qualifying sourceNot recordedYes as of 2026-05-20[79]
Immigration Law Section 23(4): in the cases named in Section 23(1) the foreigner's spouse, the minor children (including children under guardianship) of the foreigner or of the spouse, and persons under trusteeship, are likewise entitled to request a temporary residence permit for the term of the permit issued to the foreigner. A child who was a minor when the permit was requested falls under Section 29 on reaching majority.
application: EUR 160 as of 2026-03-18[88]
Review of documents submitted for requesting a temporary residence permit, within 30 days. Source: Cabinet Regulation No. 731, as published by OCMA.
    • Option: lv-pamatkapitals-maza-sabiedriba
    • Asset class: company shares
    • Minimum amount: EUR 50,000 as of 2026-05-20[79][86]
      Section 23(1)(28)(a): investment of at least EUR 50 000 in a capital company employing no more than 50 people whose annual turnover or annual balance does not exceed EUR 10 million.
    • Restrictions: In respect of an investment in the share capital of one and the same capital company, a temporary residence permit is issued to no more than 10 foreigners, each of whom has made the investment and paid EUR 10 000 into the State budget. Section 23(7.1) makes the permit issued on this option valid only while the company meets the EUR 40 000 annual tax threshold recorded on the permit block.
    • Option: lv-pamatkapitals-liela-sabiedriba
    • Asset class: company shares
    • Minimum amount: EUR 100,000 as of 2026-05-20[79][86]
      Section 23(1)(28)(b): investment of at least EUR 100 000 in a capital company employing more than 50 people whose annual turnover or annual balance exceeds EUR 10 million.
    • Option: lv-pamatkapitals-koncerns
    • Asset class: company shares
    • Minimum amount: EUR 100,000 as of 2026-05-20[79][86]
      Section 23(1)(28)(c): investment of at least EUR 100 000 in the share capital of a capital company which, together with one or more subsidiaries registered in Latvia, employs more than 50 people and whose combined annual turnover or annual balance exceeds EUR 10 million.
Not established from a qualifying source1 × minimum monthly wage within normal working time per month as of 2026-04-01[84]
Latvia
Temporary residence permit for a foreigner who has purchased and owns real estate in Latvia
Active as of 2026-05-20[79][85]residence permit as of 2026-05-20[79]
Section 23 issues a termiņuzturēšanās atļauja – a temporary residence permit; OCMA issues it as a foreigner's eID card.
up to 5 years as of 2026-05-20[79]Not established from a qualifying sourceNot established from a qualifying sourceNot established from a qualifying sourceNot recordedYes as of 2026-05-20[79]
Immigration Law Section 23(4): in the cases named in Section 23(1) the foreigner's spouse, the minor children (including children under guardianship) of the foreigner or of the spouse, and persons under trusteeship, are likewise entitled to request a temporary residence permit for the term of the permit issued to the foreigner. A child who was a minor when the permit was requested falls under Section 29 on reaching majority.
application: EUR 160 as of 2026-03-18[88]
Review of documents submitted for requesting a temporary residence permit, within 30 days. Source: Cabinet Regulation No. 731, as published by OCMA.
    • Option: lv-nekustamais-ipasums
    • Asset class: real estate
    • Minimum amount: EUR 250,000 as of 2026-05-20[79][85]
      Section 23(1)(29): one functionally related immovable property worth at least EUR 250 000 in Riga, Jurmala, Ikskile or Saulkrasti city, or in Adazi, Kekava, Marupe, Olaine or Salaspils municipality, or in Garkalne, Ropazi, Saulkrasti, Stopini or Tinuzi parish; outside those territories, no more than two immovable properties, each one functionally related, of at least EUR 250 000 in total. The threshold is the same figure in both cases – what changes is how many properties may make it up – so it is recorded as one option rather than as territorial variants. Vacant land does not qualify.
    • Restrictions: Concurrent conditions in sub-clauses (a) to (f): no real-estate tax debts; the total value paid by non-cash settlement; purchased from a legal person registered in Latvia, another EU or EEA state or Switzerland which is a Latvian taxpayer, or from a natural person who is a Latvian citizen, a Latvian non-citizen, a Union citizen or a foreigner holding a valid Latvian residence permit; cadastral value at the moment of purchase of at least EUR 80 000, or at least EUR 40 000 for each of two properties bought outside the listed territories, and where the cadastral value falls short, a certified appraiser's market value of not less than EUR 250 000 (or EUR 125 000 for each of two properties); five per cent of the value paid into the State budget on the first permit; and the property must not include agricultural or forest land.
Not established from a qualifying source3 × minimum monthly wage within normal working time per month as of 2026-04-01[84]
Latvia
Temporary residence permit for a foreigner who has purchased special-purpose zero-interest government securities
Closed as of 2026-05-20[77][79]Not recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recorded
Lithuania
Residence permit under a large-project investment agreement
Active as of 2025-11-02[70]residence permit as of 2025-11-02[70]up to 3 years as of 2025-11-02[70]
Art. 15-7(5): the permit may be issued or changed for three years, or for the period of the employment contract with the investor implementing the large project or of the lawful activity in Lithuania where the employment, shareholder's or manager's activity will last less than three years.
Yes as of 2025-11-02[70]
Art. 15-7(5) provides for the permit to be issued or changed on the same terms.
full as of 2025-11-02[70]
Art. 15-7(5): the aliens covered are exempt from the obligation to obtain a work permit, no qualification-matching or work-experience requirements are applied to them, and those lawfully present in Lithuania may begin work from the day the application is submitted.
Not established from a qualifying source
Not sourced as a property of this ground; the country-level track applies.
  • maximum consecutive absence · 6 months · to keep the permit as of 2026-07-01[72]
Yes as of 2025-11-02[70]
Art. 15-7(5): a family member as defined in the Law on the Legal Status of Aliens arriving to live in Lithuania together with the alien may be issued a residence permit for the same period.
application: EUR 160 as of 2024-07-11[71]
    • Option: lt-stambus-projektas-akcininkas
    • Asset class: company shares
    • Minimum amount: 10% of this route's own threshold as of 2025-11-02[70]
    • Restrictions: The shareholding is measured against the share capital of the investor implementing the large project; the special conditions apply only from the day the project is entered on the list of large projects and only where their application was agreed in the large-project investment agreement.
    • Option: lt-stambus-projektas-kapitalas
    • Asset class: business capital
    • Minimum amount: EUR 20,000,000 as of 2025-11-02[70]
      Art. 2(25)(1): a large project is a data processing, internet server (hosting) and related activity, or manufacturing, investment project under a valid large-project investment agreement by which the investor undertakes, within five years of its entry into force, to create at least 150 new full-time jobs in Lithuania and maintain each for at least five years, and to invest at least EUR 20 million of private capital. This is a commitment of the investing company, not a sum the individual applicant pays; it is recorded here because it is the threshold that makes the residence route exist at all.
    • Amounts by zone:
        • Zone: Vilnius
        • Minimum amount: EUR 30,000,000 as of 2025-11-02[70]
          Art. 2(25)(1): where the investment is made in Vilnius the thresholds are at least 200 new jobs and at least EUR 30 million of private capital investment.
    • Restrictions: Art. 2(25)(2) offers an alternative limb for manufacturing projects only: from 20 to 149 new full-time jobs (20 to 199 in Vilnius), each maintained at least five years, with the first 20 jobs paying an average gross wage per employee of at least 1.25 times the State Data Agency's last published average monthly gross wage for the municipality invested in and jobs above that number paying at least that municipal average, together with the same EUR 20 million – EUR 30 million in Vilnius – capital investment.
Not established from a qualifying sourceNot established from a qualifying source
No income condition is stated for the alien on this ground.
Lithuania
Temporary residence permit for an alien who is a participant in a company into whose own capital the alien has invested at least EUR 260 000
Active as of 2026-07-01[72]residence permit as of 2026-07-01[72]up to 3 years as of 2026-07-01[72]
Art. 45(3): for the aliens referred to in clauses 2-1 and 2-2 the permit is issued and changed for 3 years, or for the period of the alien's lawful activity in Lithuania where that will last less than 3 years.
Yes as of 2026-07-01[72]
Art. 45(3): issued and changed for the same 3-year term.
Not established from a qualifying sourceNot established from a qualifying source
Not sourced as a property of this ground; the country-level track applies.
  • maximum consecutive absence · 6 months · to keep the permit as of 2026-07-01[72]
Not established from a qualifying sourceapplication: EUR 160 as of 2024-07-11[71]
Standard procedure; EUR 320 expedited.
    • Option: lt-nuosavas-kapitalas-260k
    • Asset class: business capital
    • Minimum amount: EUR 260,000 as of 2026-07-01[72]
      Art. 45(1)(2-1): the alien must have invested at least EUR 260 000 into the own capital of the company (for an entity that is not a public or private limited company, into its assets).
    • Restrictions: The company must have carried on the activity stated in its incorporation documents in Lithuania for at least the 6 months preceding the application; at least five jobs must have been created in it and filled full-time by citizens of Lithuania, another EU member state or an EFTA member state, or by aliens permanently resident in Lithuania; and the alien must be the company's manager or, in a public or private limited company, a shareholder whose shares have a nominal value of at least one third of the company's share capital.
Not established from a qualifying sourceNot established from a qualifying source
No income condition is stated in clause 2-1. The general subsistence condition at art. 26(1)(3) applies and is recorded at country level.
Lithuania
Temporary residence permit for an alien who is the manager of a company whose own capital is worth at least EUR 500 000
Active as of 2026-07-01[72]residence permit as of 2026-07-01[72]up to 3 years as of 2026-07-01[72]
Art. 45(3): 3 years, or the period of the lawful activity if shorter.
Yes as of 2026-07-01[72]
Art. 45(3): issued and changed for the same term.
own activity only as of 2026-07-01[72]Not established from a qualifying source
Not sourced as a property of this ground; the country-level track applies.
  • maximum consecutive absence · 6 months · to keep the permit as of 2026-07-01[72]
Not established from a qualifying sourceapplication: EUR 160 as of 2024-07-11[71]
Standard procedure; EUR 320 expedited.
    • Option: lt-nuosavas-kapitalas-500k
    • Asset class: business capital
    • Minimum amount: EUR 500,000 as of 2026-07-01[72]
      Art. 45(1)(2-2): the company's own capital (for an entity that is not a public or private limited company, its assets) must be worth at least EUR 500 000. Unlike clause 2-1 the statute states a company balance-sheet test rather than a sum the alien must personally have invested – the alien qualifies as the company's manager.
    • Restrictions: At least ten jobs must have been created in the company and filled full-time by citizens of Lithuania, another EU member state or an EFTA member state, or by aliens permanently resident in Lithuania, paid a monthly wage of not less than the last published calendar-year average monthly gross wage (BDU), or by aliens holding a temporary residence permit issued on the highly-qualified-work ground at art. 40(1)(4-1). The purpose of the alien's arrival must be work in that company.
Not established from a qualifying sourceNot established from a qualifying source
No income condition is stated in clause 2-2; the art. 26(1)(3) subsistence condition applies and is recorded at country level.
Lithuania
Temporary residence permit under an investment contract laying down special investment and business conditions
Active as of 2025-11-02[70]residence permit as of 2025-11-02[70]up to 3 years as of 2025-11-02[70]
Art. 13-1(8): the permit is issued or changed for three years, or for the period of the alien's work in Lithuania where that will be shorter than three years; and it may not run longer than the investment contract.
Yes as of 2025-11-02[70]
Art. 13-1(4) sets out the conditions on which the permit may be changed, which is the Lithuanian formula for renewal.
full as of 2025-11-02[70]Not established from a qualifying source
Not sourced as a property of this ground; the country-level track applies.
  • maximum consecutive absence · 6 months · to keep the permit as of 2026-07-01[72]
Yes as of 2025-11-02[70]
Art. 13-1(3)(4) makes a family member of an alien meeting conditions (1), (2) or (3) eligible in their own right, and art. 13-1(9) allows the family member to apply together with the alien or through one adult family member, with the permit issued for the same period.
application: EUR 160 as of 2024-07-11[71]
    • Option: lt-investicijos-sutartis-dalyvis
    • Asset class: business capital
    • Minimum amount: EUR 14,000 as of 2025-11-02[70]
      Art. 13-1(3)(3): the alien is the investor, or a participant of the investor owning at least one tenth of the share capital of the Lithuanian company in which the jobs provided for by the investment contract are created, and whose funds invested in that company amount to at least EUR 14 000.
    • Restrictions: The one-tenth shareholding is a separate cumulative condition on the same limb. Art. 13-1(3) has two further limbs that are not investment-family conditions at all: limb (1) and limb (2) cover employees of the investor or of the investor's group of companies who worked there for at least 3 months before the contract was concluded. Those two limbs are employment routes riding the same statutory ground. The contract-level conditions in art. 13-1(1) are tests on the investor, not on the applicant: the jobs created must pay on average at least 1.5 times the State Data Agency's last published average monthly wage for the municipality invested in, and the investor, its group or its own annual income must have been at least EUR 2 500 000 in at least one financial year of the last three.
Not established from a qualifying sourceNot established from a qualifying source
No income condition is stated for the alien; the art. 26(1)(3) subsistence condition of the Aliens Law applies so far as the Law on Investments does not regulate the matter.
Luxembourg
Residence permit for investors
Active as of 2026-06-12[73][75]residence permit as of 2026-06-12[75]
Art. 53quater(1) issues a 'titre de séjour' under art. 40. The temporary authorisation to stay that precedes it is a separate prior act, not the instrument itself.
3 years as of 2026-06-12[73][75]Yes as of 2026-06-12[73][75]
Art. 53quater(3): 'Le titre de séjour pour « investisseur » est renouvelable, sur demande, et après avoir obtenu l'avis favorable du ministre ayant initialement avisé la demande, pour une durée de trois ans.' Renewal therefore requires a fresh favourable opinion from the same minister, not only the immigration minister's decision.
Not established from a qualifying source as of 2026-06-12[75]Yes as of 2026-06-12[73][75]
Guichet, investor page: 'After 5 years of lawful and uninterrupted stay on the territory of Luxembourg, third-country nationals may submit an application for a long-term residence permit.' Art. 80(1) sets the same five-year qualifying period and excludes named categories (diplomatic status, short-term and seasonal permits and similar) that do not include investors.
  • maximum consecutive absence · 6 months · to keep the permit as of 2023-07-10[73]
Not established from a qualifying source as of 2023-07-10[73]application: EUR 80 as of 2023-07-10[73]
    • Option: lu-investor-existing-company
    • Asset class: business capital
    • Minimum amount: EUR 500,000 as of 2026-06-12[73][75][76]
      Art. 53bis(1)1°: at least EUR 500,000 'dans une entreprise existante, ayant son siège social au Grand-Duché de Luxembourg et exerçant une activité commerciale, artisanale ou industrielle, avec l'engagement de maintenir l'investissement ainsi qu'un niveau de l'emploi équivalent sur au moins cinq ans'. Guichet states the same figure and adds that the equivalent-employment undertaking does not apply where the acquisition is of a company in difficulty under a redundancy plan. Change scan: the same wording and the same figure appear in the earlier consolidated version applicable from 8 September 2024, so this threshold is unchanged across the two dated consolidations and no recent_changes entry is recorded for it.
    • Holding period: at least 5 years as of 2026-06-12[75]
      Art. 53bis(1)1°: 'sur au moins cinq ans' — a floor, hence bound 'minimum'.
    • Restrictions: The company must carry on a commercial, craft or industrial activity. Art. 53bis(1), final sentence: the eligible sectors of the economy for options 1 and 2 'sont définis par règlement grand-ducal'. That grand-ducal regulation is not among the sources cited here, so the sector list is not recorded and whether such a regulation is in force is not established.
    • Option: lu-investor-new-company
    • Asset class: business capital
    • Minimum amount: EUR 500,000 as of 2026-06-12[73][75][76]
      Art. 53bis(1)2°: at least EUR 500,000 'dans une entreprise à créer, ayant son siège social au Grand-Duché de Luxembourg exerçant une activité commerciale, artisanale ou industrielle, avec l'engagement de la création d'au moins cinq emplois, à pourvoir en collaboration avec l'Agence pour le développement de l'Emploi, dans les trois ans à compter de la création de l'entreprise'. Change scan: the same wording and the same figure appear in the earlier consolidated version applicable from 8 September 2024, so this threshold is unchanged across the two dated consolidations and no recent_changes entry is recorded for it.
    • Restrictions: Requires the creation of at least five jobs within three years of the company's incorporation, to be filled in cooperation with the National Employment Agency (ADEM). Sector eligibility is again to be defined by grand-ducal regulation (art. 53bis(1), final sentence); that regulation is not among the sources cited here. Where several investors apply on one project, art. 53ter(3) applies each investor's conditions individually except the job count, which is assessed for the project as a whole.
    • Option: lu-investor-management-structure
    • Asset class: investment fund
    • Minimum amount: EUR 3,000,000 as of 2026-06-12[73][75][76]
    • Restrictions: The structure must have and maintain appropriate substance in Luxembourg. Unlike options 1 and 2, no sector restriction and no explicit holding period are stated in art. 53bis for this option.
    • Option: lu-investor-bank-deposit
    • Asset class: bank deposit
    • Minimum amount: EUR 20,000,000 as of 2026-06-12[73][75][76]
      Art. 53bis(1)4°: at least EUR 20,000,000 'sous forme d'un dépôt auprès d'un institut financier établi au Luxembourg, avec l'engagement de maintenir cet investissement pour une durée minimale de cinq ans'. Change scan: the same wording and the same figure appear in the earlier consolidated version applicable from 8 September 2024, so this threshold is unchanged across the two dated consolidations and no recent_changes entry is recorded for it.
    • Holding period: at least 5 years as of 2026-06-12[75]
      Art. 53bis(1)4°: 'pour une durée minimale de cinq ans'.
    • Restrictions: The deposit must be held with a financial institution established in Luxembourg.
Yes as of 2026-06-12[73][75]Not recorded
Malta
Malta Permanent Residence Programme
Active as of 2025-07-22[89][90]residence permit as of 2025-07-22[89]
The instrument is a Residence-by-Investment Certificate issued by Residency Malta Agency under regulation 10; regulation 10(4) deems it to constitute a permit issued under article 7A of the Immigration Act. Approved dependants are separately issued residence cards (regulation 15(3)).
Not applicable
Regulation 10(1): the certificate entitles the beneficiary and the dependants included on it to reside, settle or stay in Malta indefinitely, so long as the regulation 15 conditions continue to be met. The regulations do not state a validity period for the residence cards issued to beneficiaries and dependants.
Not applicable
The certificate is of indefinite duration and is not renewed; it ceases only in the circumstances in regulation 17. The Agency monitors adherence to the conditions annually for the first five years from issue and thereafter at its discretion (regulation 10(3)).
Not established from a qualifying sourceNot applicable
  • none stated · to keep the permit as of 2025-07-22[89]
    S.L. 217.26 imposes no minimum physical presence in Malta. The continuing conditions in regulation 15(1) are instead: holding a qualifying property for at least five years from the appointed day and a residential property in Malta or Gozo thereafter; stable and regular resources sufficient to maintain the applicant and dependants without recourse to social assistance; a valid travel document; health insurance covering all risks normally covered for Maltese nationals; and holding the regulation 9(2) capital for five years from the appointed day.
Yes as of 2025-07-22[89]application: EUR 60,000 as of 2025-07-22[89]
First Schedule (regulations 9 and 11), as substituted by L.N. 310 of 2024 and L.N. 146 of 2025.
    • Option: mt-mprp-qualifying-owned-property
    • Asset class: real estate
    • Minimum amount: EUR 375,000 as of 2025-07-22[89]
      Regulation 3, definition of 'qualifying owned property': immovable residential property purchased or acquired by title of emphyteusis for a consideration of not less than EUR 375,000, situated in Malta or Gozo. The same figure applies in Malta and in Gozo, so no territorial variants are recorded.
    • Holding period: 5 years as of 2025-07-22[89]
      Regulation 15(1)(c): the qualifying property must be held for a minimum of five years from the appointed day; after five years the beneficiary must still hold a residential property in Malta or Gozo in ownership, lease or emphyteusis.
    • Restrictions: Property purchased before the date of application for less than EUR 375,000 may still qualify if works carried out at the main applicant's expense bring its value to at least EUR 375,000, supported by an independent architect's valuation with a plan and description of works; the Agency may appoint its own architect and may in all cases decide whether the requirement is satisfied. The property must meet Maltese health and safety standards and be normal for a comparable family in Malta. It may be replaced with another qualifying owned property with the Agency's consent. The Agency may carry out spot checks and may issue guidelines on use of the property during temporary absences.
    • Option: mt-mprp-qualifying-rented-property
    • Asset class: real estate
    • Minimum amount: EUR 14,000 per year as of 2025-07-22[89]
      Regulation 3, definition of 'qualifying rented property': residential property taken on lease for a rent of not less than EUR 14,000 per annum, situated in Malta or Gozo. The same figure applies in Malta and in Gozo.
    • Holding period: 5 years as of 2025-07-22[89]
      Regulation 15(1)(c), as for owned property.
    • Restrictions: An alternative to the qualifying owned property, not an additional requirement; the government contribution is EUR 37,000 either way. A qualifying rented property may be replaced, with the Agency's consent, by another qualifying rented property or by a qualifying owned property.
Yes as of 2025-07-22[89][90]
Regulation 14: the Agency administers the due diligence and verification process and causes checks to be performed by one or more internationally recognised specialised due diligence service providers on every main applicant and dependant, which may include security checks by law enforcement. Residency Malta describes a rigorous multi-tiered process extending to donors, benefactors and business associates.
Recorded at the source, but not reducible to a single value as of 2025-07-22[89][90]
Malta
Malta Residence and Visa Programme
Closed as of 2025-07-22[89]
S.L. 217.26 regulation 26(4): as from 29 March 2021 all new applications are governed by the Malta Permanent Residence Programme Regulations and no new application for a certificate may be made under the Malta Residence and Visa Programme Regulations. Regulation 26(3) preserves certificates already issued under the MRVP, which remain governed by the MRVP regulations.
Not recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recorded
Mexico
Temporary Resident Visa – Investor / Real property owner
Active as of 2026-08-04[94][98]Not recorded1 to 4 years as of 2026-01-15[99]
Card issued with 1, 2, 3 or 4 years' validity at issuance (Reglamento art. 156); renewable up to 4 years total on the condition.
Yes as of 2026-01-15[96][99]
Renewals within 30 days before expiry, up to 4 years total on the condition (Reglamento art. 156)
authorisation required as of 2026-08-04[93][96]Yes as of 2026-01-15[96][99]
  • none stated · to keep the permit as of 2026-01-15[96][99]
    No minimum-presence rule stated; the card confers unlimited entries and exits (Ley art. 52 fr. VII; Reglamento art. 156)
Yes as of 2026-01-15[96][98]application: MXN 990.79 as of 2025-11-07[97][98]
Consular visa fee, Ley Federal de Derechos art. 22 fr. III d) ('visas ordinarias en pasaportes extranjeros'); collected in local currency per SHCP-authorized schedule
    • Option: mx-residente-temporal-inversionista-company-shares
    • Asset class: company shares
    • Minimum amount: 45,850 × Measure and Update Unit (UMA), daily value one-off as of 2026-08-04[94][98]
      Participation in the capital of a Mexican company with invested amount 'que exceda de cuarenta y cinco mil ochocientos cincuenta días en UMA' (Trámite 5, III g.1), evidenced by notarial deed/share purchase/capital contribution documents
    • Holding period: Not established from a qualifying source
      No holding period stated in the instruments
    • Option: mx-residente-temporal-inversionista-fixed-assets
    • Asset class: business capital
    • Minimum amount: 45,850 × Measure and Update Unit (UMA), daily value one-off as of 2026-08-04[94][98]
    • Holding period: Not established from a qualifying source
    • Option: mx-residente-temporal-inversionista-real-estate
    • Asset class: real estate
    • Minimum amount: 91,710 × Measure and Update Unit (UMA), daily value one-off as of 2026-08-04[93][98]
      Public deed (escritura pública) showing title to real property in Mexico with value 'que exceda de noventa y un mil setecientos diez días en UMA' (Trámite 5, III f)
    • Holding period: Not established from a qualifying source
    • Option: mx-residente-temporal-inversionista-business-activity
    • Asset class: other
    • Minimum amount: Not applicable
      No monetary threshold: development of economic/business activities in Mexico evidenced by contracts, service orders, invoices, business plans, licences/permits, or an IMSS certificate showing the entity employs at least three workers (Trámite 5, III g.3)
Not established from a qualifying source
No explicit source-of-funds verification requirement stated in the Lineamientos; consular interview applies to all visas
Not recorded
Netherlands
Admission scheme for foreign investors
Closed as of 2024-04-16[100][101]Not recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recorded
Peru
Investor residence status
Active as of 2026-08-26[102][104][107]residence permit as of 2021-03-24[103][106][107]
A calidad migratoria evidenced by a carné de extranjería. Where the application is made from abroad under art. 86-A the corresponding visa is authorised at the Peruvian consulate before entry, and the carné is issued after arrival
365 days as of 2023-11-14[102][106]
DL 1350 art. 29.2 lit. f: "El plazo de permanencia es de trescientos sesenta y cinco (365) días"; Reglamento art. 86.3: "El plazo de otorgamiento y de permanencia es de trescientos sesenta y cinco (365) días prorrogables". Stated as a fixed term, not a ceiling
Yes as of 2026-08-26[104][106][107]
"365 días prorrogables" (Reglamento art. 86.3). The TUPA carries a dedicated Prórroga de la Calidad Migratoria Inversionista Residente procedure
own activity only as of 2024-11-27[105][106]
Reglamento art. 86.1 lit. b: the foreign national "sólo podrá desempeñarse como Gerente o Director de su empresa", subject to the applicable labour and tax rules. The calidad therefore authorises paid activity only within the investment it was granted for; art. 86.2 additionally bars substantiating the investment through a transfer of shares
Yes as of 2024-11-27[103][105]
Reglamento art. 65.4 (as amended by DS 002-2021-IN) lists inversionista among the calidades whose holders may change to permanente, and the authority's own change-of-status page names inversionista as one of four qualifying calidades. The qualifying period is the country default of three consecutive years
  • maximum consecutive absence · 183 days · to keep the permit as of 2021-03-24[103]
    Reglamento art. 63 lit. a (as amended by DS 002-2021-IN): a resident loses the calidad migratoria by being absent from Peru, without an authorisation to stay abroad, for more than 183 consecutive days within 365 days counted from the first departure during the granted residence period. There is no minimum-days-per-year rule
Yes as of 2023-11-14[102]application: PEN 57.60 as of 2026-08-26[107]
Solicitud de Calidad Migratoria Inversionista Residente, TUPA payment code 07567
    • Option: pe-inversionista-capital-empresa
    • Asset class: business capital
    • Minimum amount: PEN 500,000 one-off as of 2026-08-26[104][106][107]
      Reglamento art. 86.1 lit. a: "Acreditar una inversión igual o superior de quinientos mil soles (S/ 500.000,00). El monto de inversión puede ser modificado mediante Resolución de Superintendencia." The current TUPA restates the same figure verbatim, and the authority's procedure page states S/ 500,000.00. The investment must be made by international transfer in a single act of disbursement through a financial or banking entity supervised by the Superintendencia de Banca y Seguros
    • Holding period: Not established from a qualifying source as of 2026-08-26[106][107]
      No holding or retention period for the investment is stated in Reglamento art. 86 or in the TUPA requirements
    • Restrictions: The investment is made either into a newly constituted company (public deed of incorporation not more than three months old) or as a capital increase in an existing company (public deed of the increase not more than three months old, plus the company's last annual income tax return showing it operated in the prior fiscal year, plus its municipal operating licence number). The company and any capital increase must be registered with SUNARP. Reglamento art. 86.2: the investment may in no case be substantiated through a transfer of shares. Reglamento art. 86.1 lit. b confines the holder to acting as manager or director of the company
Not established from a qualifying source as of 2026-08-26[106][107]
No source-of-funds verification is stated as such. The instruments require the capital to arrive by international transfer in a single act of disbursement through an SBS-supervised financial entity, which is a traceability condition on the channel rather than a stated examination of the origin of the funds
Not applicable as of 2024-11-27[105][106]
No separate means test applies on top of the investment. Reglamento art. 86.1 lit. b requires the holder, as manager or director, to comply with the applicable labour and tax rules, but sets no income threshold
Portugal
Residence Permit for Investment Activity
Active as of 2026-08-06[108][111]residence permit as of 2026-08-06[108][111]2 years as of 2026-08-06[108]Yes as of 2025-10-22[108][111]
REPSAE art. 90.º-A/2: the permit is renewed for two-year periods provided the holder shows that one of the art. 3.º/1/d) requirements is maintained.
full as of 2026-08-06[108][111]
AIMA states the ARI holder may reside and work in Portugal; REPSAE art. 83.º/1/b) and c) give residence-permit holders the right to both employed and self-employed professional activity without a separate authorisation.
Yes as of 2026-08-06[108][109]
AIMA states that ARI holders may apply for a permanent residence permit under REPSAE art. 80.º and that ARI holders and their family members who meet art. 80.º are issued a 'permanent investment activity residence permit', to which the absence-based cancellation rules in art. 85.º/2/b) and /3 and /4 do not apply, per art. 65.º-K of Decreto Regulamentar n.º 84/2007.
  • minimum days per year · 7 days · to keep the permit as of 2026-08-06[108]
  • minimum days per year · 14 days · to keep the permit as of 2026-08-06[108]
Yes as of 2026-08-06[108][111]
AIMA lists family reunification among the ARI holder's entitlements and among the ARI application possibilities; REPSAE art. 98.º carries the general right to family reunification.
application: Not established from a qualifying source
    • Option: pt-ari-job-creation
    • Asset class: business capital
    • Minimum amount: Recorded at the source, but not reducible to a single value
    • Holding period: 5 years as of 2025-10-22[111]
      REPSAE art. 3.º/1/d): the situation must be maintained in national territory for a minimum period of five years.
    • Restrictions: Reducible by 20% (to eight jobs) in low-density territories under REPSAE art. 3.º/2-3.
    • Option: pt-ari-research
    • Asset class: other
    • Minimum amount: EUR 500,000 one-off as of 2025-10-22[108][111]
    • Holding period: 5 years as of 2025-10-22[111]
      REPSAE art. 3.º/1/d), five-year minimum.
    • Restrictions: Reducible by 20% in low-density territories under REPSAE art. 3.º/2-3.
    • Option: pt-ari-cultural-heritage
    • Asset class: donation
    • Minimum amount: EUR 250,000 one-off as of 2025-10-22[108][111]
      REPSAE art. 3.º/1/d)/vi): transfer of capital of EUR 250,000 or more applied to investment in or support of artistic production or the recovery or maintenance of national cultural heritage, channelled through central and peripheral direct-administration services, public institutes, public-business-sector entities, public foundations, private foundations with public-utility status, inter-municipal entities, local-business-sector entities, municipal associative entities and public cultural associations pursuing attributions in that field. Reducible by 20% in low-density territories under art. 3.º/2.
    • Holding period: 5 years as of 2025-10-22[111]
      REPSAE art. 3.º/1/d), five-year minimum.
    • Restrictions: Must be channelled through one of the listed public or public-utility bodies. Reducible by 20% in low-density territories under REPSAE art. 3.º/2-3.
    • Option: pt-ari-investment-fund
    • Asset class: investment fund
    • Minimum amount: EUR 500,000 one-off as of 2025-10-22[108][111]
      REPSAE art. 3.º/1/d)/vii): transfer of capital of EUR 500,000 or more to acquire units in non-real-estate collective investment undertakings constituted under Portuguese law, whose maturity at the time of investment is at least five years and at least 60% of whose investments are made in commercial companies headquartered in national territory. This option is not among those art. 3.º/2 allows to be reduced in low-density territories.
    • Holding period: 5 years as of 2025-10-22[111]
      REPSAE art. 3.º/1/d) five-year minimum; the same article separately requires the undertaking's maturity to be at least five years at the time of investment.
    • Restrictions: Non-real-estate undertakings only; at least 60% invested in companies headquartered in Portugal. Art. 3.º/5 prohibits investment activities being directed, directly or indirectly, at real-estate investment.
    • Option: pt-ari-company-capital
    • Asset class: company shares
    • Minimum amount: EUR 500,000 one-off as of 2025-10-22[108][111]
      REPSAE art. 3.º/1/d)/viii): transfer of capital of EUR 500,000 or more to incorporate a commercial company headquartered in national territory combined with the creation of five permanent jobs, or to increase the share capital of an existing such company with the creation of at least five permanent jobs or the maintenance of at least ten jobs of which at least five are permanent, in either case for a minimum period of three years. This option is not among those art. 3.º/2 allows to be reduced in low-density territories.
    • Holding period: 5 years as of 2025-10-22[111]
      REPSAE art. 3.º/1/d) five-year minimum; the job condition attached to this option carries its own three-year minimum.
    • Restrictions: Job condition: five permanent jobs created, or at least five permanent jobs created or ten jobs maintained with at least five permanent, for a minimum of three years.
Not established from a qualifying sourceNot recorded
Spain
Investor residence visa / investor residence authorisation
Closed as of 2025-12-26[29][30][31]
Closed to new applications from 3 April 2025. Applications filed before that date continue under the prior rules; authorisations already granted remain valid to their stated expiry and are renewed under the rules in force when the initial authorisation was granted.
Not recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recordedNot recorded

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Sources

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