Which are the best Golden Visas to beat the Brexit roadblock

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While a Covid vaccine has spurred hope of a pandemic afterlife, the ugly issue of Brexit continues to linger like a bad smell, as a ‘no deal’ scenario continues to look like the most likely outcome. 

 

With this in mind, international real estate experts on residency and citizenship through investment, Astons, has revealed which residency and citizenships provide investors with the best routes around the Brexit roadblock when it comes to speed of acquisition, affordability and visa free travel.

 

The Quickest

 

Acquiring UK citizenship will take investors between five and six years but for UK investors looking to maintain their EU status, there are some options that can provide residency or citizenship far quicker. 

 

A number of EU nations do provide the option to obtain residency within one month, however, in these instances, you must have lived in the country for a specified number of years, usually around five. 

 

However, Greece, Cyprus, Ireland and Spain all allow investors to obtain EU residency within as little as two months from the start of the process without any prior time residing in the country. However, Malta provides the swiftest route EU citizenship with investors able to obtain Maltese citizenship in just one year. 

 

The most affordable

 

There’s a minimum investment requirement of £2m if you want to obtain UK citizenship. However, if you’re looking to maintain EU status there are some far more affordable routes.

 

Greece offers the most affordable route to maintaining EU status with investors able to secure Greek residency for as little as €250,000 without any prior time spent living in the country. 

 

Cyprus and Portugal also present fairly affordable options at €300,000 and €350,000 Euro respectively. While Malta comes in a little higher at €800,000, it is the most affordable option for those seeking to secure immediate EU citizenship via investment. 

 

Uninhibited travel

 

The Maltese program again tops the table where visa-free travel is concerned. Most options provide uninhibited travel within the Schengen Zone, however, securing Maltese citizenship will see investors receive visa free access to 182 other countries. This is even more than the 163 nations accessed visa free with UK citizenship. 

 

Managing Director of Astons, Arthur Sarkisian, commented: “Malta is quickly becoming one of the investment routes of choice for many investors looking to secure secondary residency or citizenship within the EU. The mix of affordability, speed and access is something that is particularly popular at present with the lingering uncertainty caused by Covid.

 

It has also become very popular amongst UK investors, as Brexit once again continues to prove a problematic issue. With the likelihood of a no-deal scenario growing stronger and many anticipating the issues this may bring, UK investors are already looking to additional residency or citizenships to help them side step this roadblock once it does finally appear for good. ”

 

EU Nation

Scheme

Type

Average timeframe (days)

Minimum investment

Access

Bulgaria

Citizenship by investment

European citizenship

730

1,024,000

Visa free travel to 169 countries

Cyprus

Residency by investment

EU residency

60

300,000

Visa free EU travel - and easy application for a Schengen Zone visa (26 countries)

Greece

Residency by investment

EU residency

60

250,000

Visa free travel to Schengen Zone (26 countries)

Ireland

Residency by investment

EU residency

60

500,000

Visa free travel to Ireland

Malta

Citizenship by investment

European citizenship

360

800,000

Visa free travel to 182 countries

Malta

Residency by investment

EU residency

95

300,000

Visa free travel to Schengen Zone (26 countries)

Portugal

Residency by investment

EU residency

90

350,000

Visa free travel to Schengen Zone (26 countries)

Spain

Residency by investment

EU residency

60

500,000

Visa free travel to Schengen Zone (26 countries)

United Kingdom

Citizenship by investment

European citizenship

2008

2,000,000

Visa free travel to 163 countries

 

Astons is a leading global property and immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including the UK, Turkey, Vanuatu, the EU and the Caribbean

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977.