A permanent resident is a visa that allows the holder of the PR card to legally live in the host country even if they are not citizens of that country.
Permanent residents have the right to live, work, attend school, and receive health care in the host country.
They do not, however, have the right to vote or run for office.
Individuals must usually meet certain requirements to be eligible to apply for permanent residency status in any given country, such as
- having work experience in the country,
- having studied in the country, and
- speaking the language of the host country
Since 1986, another way to obtain permanent residency has been through investing in the economy of the host country.
The process of obtaining a permanent residency in another country by investing in the country’s economy is known as a residency by investment.
When compared to traditional practices, the PR status under residency by investment is granted at a faster rate.
A residence by investment program is typically a simpler and faster way to obtain second citizenship in the country of your choice.
Furthermore, permanent residence is a one-way ticket to citizenship for you and your family for the rest of your life.
The residence by investment opens up a world of opportunities to investors and there are several reasons why people invest in a permanent residency.
The reasons are:
Quality of Life:
The majority of the countries that offer residence through investment programs have high living standards, as well as high-quality education and healthcare.
Global mobility:
People like to invest in investment properties to increase their global mobility and to benefit from the high standard of living, education, and healthcare. Permanent residency allows you and your family to commute for business or pleasure more easily. When you need to travel abroad, it saves you a lot of time, stress, and money.
Another advantage of permanent residence, which many investors ignore, is that it eventually leads to citizenship. It takes time and discipline on your part, but investing in a permanent residence to become a global citizen is worthwhile
A place for the entire family to stay:
Residence by investment programs allow eligible family members to live in the country. Their applications are linked to the main application, and citizenship requests can also be made collectively. Legal residents have access to the highest medical and educational facilities.
Tax planning:
Permanent residency may be advantageous in terms of tax optimization. Bulgaria, for example, has one of the cheapest income taxes in Europe.
This helps investors to handle their wealth in a more effective and efficient manner
Business ventures: Participants in residency by investment programs have more business opportunities because they can do business in the host nation and travel abroad more freely.
Security:
Personal security, economic and political stability, and a low crime rate are all guaranteed by permanent residence.
Extremely high worth people obtain residence through investment to protect their assets, provide a better living, and take advantage of the complete security and anonymity provided by investment programs in most countries.
Education:
Education is the keystone of a prosperous life. Investing in a permanent residency can provide applicants and their children with entry into the best schools across the world by qualifying them for residential rather than international university fees.
The primary reason for a nation to offer a residence by investment program is to attract foreign investment and boost the economy. That means to attract much-needed foreign direct investment, many countries offer residency by investment programs.
These nations hope to attract money, talent, and experience, as well as to generate jobs and tax revenue. These funds received through the residency by immigration programs are utilized by countries to invest in their own economic or cultural projects.
Montenegro Residency by Investment
A2WConsultants works on a global scale to provide our clients with citizenship and residency advice and services. We assist individuals and their families in obtaining permanent residence and a second passport in their preferred country.
We firmly believe in providing only customized and personal advice to our valued customers, which is why we know which investment program for permanent residence or citizenship is ideal for both you and your family.
There is a program and a country for you, whether you want increased global mobility, preferential taxation, or security.