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

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 61%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines