Top 3 European residency- and citizenship-by-investment programmes for South Africans

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Wealthy South Africans looking to future-proof themselves against a volatile economy, weak currency, and a lack of global mobility are opting for a number of residency- or citizenship-by-investment programmes in Europe.

Andrew Rissik, managing director of Forex and Investment Migration at Sable International, suggests three programmes that meet the needs of most South Africans looking for a second residency and/or citizenship.Residency-by-investment and citizenship-by-investment are terms for a number of programmes offered by governments around the world that allow someone to invest in a country’s economy in exchange for temporary/permanent residency or citizenship.

Investors are granted a Stamp 4 visa which grants you full residency and working rights and you can start a business in Ireland too. If you are not yet ready to relocate to Ireland, you can retain this Stamp 4 visa with just one day a year spent in Ireland. Ireland’s investor visa also includes dependent children up to the age of 24, provided they are financially dependent on you and in full-time education.

The Golden Visa, Portugal’s residency-by-investment programme, allows holders to live and work in Portugal and travel for 90 days visa-free throughout the European Schengen Area. After holding the Golden Visa for five years, you may be eligible for Portuguese permanent residency and citizenship. Malta is a beautiful island in the Mediterranean with one of the most stable economies in Europe. Malta offers dual citizenship and Maltese nationality can be passed on to future generations through descent.

 

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