Wealthy Indians Can Buy Property and Get Residency in 10 Best Countries

Wealthy Indians Can Buy Property and Get Residency in 10 Best Countries

As the world becomes more interconnected, affluent individuals seek opportunities beyond their borders for better living standards, security, education, and business opportunities. For wealthy Indians, buying property abroad can offer the dual benefits of investment and residency. Here’s a detailed look at ten of the best countries where affluent Indians can purchase property and gain residency.

1. Portugal

Golden Visa Program: Portugal’s Golden Visa program is one of the most popular residency-by-investment schemes in Europe. By investing in real estate with a minimum value of €500,000 (approximately ₹4.5 crore), or €350,000 (approximately ₹3.15 crore) for properties in urban regeneration areas, investors and their families can obtain residency.

Benefits:

• Visa-free travel within the Schengen Area.
• Opportunity to apply for permanent residency and citizenship after five years.
• High quality of life and excellent healthcare system.

2. Spain

Golden Visa Program: Spain offers a Golden Visa program for those who invest at least €500,000 (approximately ₹4.5 crore) in real estate. This investment can be spread across multiple properties, making it flexible for investors.

Benefits:

• Residency for the investor and their family.
• Access to high-quality education and healthcare.
• Potential for permanent residency and citizenship after ten years.

3. Greece

Golden Visa Program: Greece’s Golden Visa program is one of the most affordable in Europe, requiring an investment of just €250,000 (approximately ₹2.25 crore) in real estate.

Benefits:

• Residency for the investor and their immediate family.
• Visa-free travel within the Schengen Zone.
• A pathway to permanent residency and citizenship.

4. Malta

Malta Residence and Visa Program (MRVP): Investors can gain residency in Malta by making a property investment of at least €320,000 (approximately ₹2.88 crore) or €270,000 (approximately ₹2.43 crore) in the south of Malta or Gozo and contributing to the government fund.

Benefits:

• Access to excellent healthcare and education systems.
• Visa-free travel within the Schengen Area.
• Opportunity to apply for permanent residency and citizenship.

5. Cyprus

Cyprus Permanent Residency Program: By investing €300,000 (approximately ₹2.7 crore) in real estate, investors and their families can obtain permanent residency in Cyprus.

Benefits:

• Permanent residency within two months.
• Visa-free travel to Cyprus and ease of travel within the EU.
• High quality of life and favorable tax system.

6. United Arab Emirates (UAE)

Property Investor Visa: The UAE offers residency visas to property investors who purchase real estate worth at least AED 1 million (approximately ₹2.24 crore).

Benefits:

• Residency for the investor and their family.
• Access to world-class infrastructure and lifestyle.
• No personal income tax.

7. Turkey

Turkish Citizenship by Investment Program: Investors can gain citizenship by purchasing property worth at least $400,000 (approximately ₹3.3 crore).

Benefits:

• Citizenship within six months.
• Visa-free or visa-on-arrival access to 110 countries.
• Strategic location bridging Europe and Asia.

8. Saint Kitts and Nevis

Citizenship by Investment Program: Investors can obtain citizenship by investing at least $200,000 (approximately ₹1.65 crore) in real estate.

Benefits:

• Citizenship for the investor and their family.
• Visa-free travel to over 150 countries.
• No personal income tax.

9. Dominica

Citizenship by Investment Program: Dominica offers citizenship to those who invest $200,000 (approximately ₹1.65 crore) in real estate.

Benefits:

• Citizenship for the investor and their family.
• Visa-free travel to over 140 countries.
• Favorable tax regime.

10. Montenegro

Montenegro Citizenship by Investment Program: Investors can obtain citizenship by investing €250,000 (approximately ₹2.25 crore) in real estate in underdeveloped areas or €450,000 (approximately ₹4.05 crore) in developed areas, plus a government donation.

Benefits:

• Citizenship for the investor and their family.
• Visa-free travel to 124 countries.
• Potential EU membership in the future.

Considerations for Investors

Legal and Tax Implications: Investors should seek legal and tax advice to understand the implications of buying property and gaining residency in a foreign country.

Lifestyle and Cultural Fit: Consider the lifestyle, culture, and language of the destination country to ensure it aligns with personal and family preferences.

Long-term Investment Value: Evaluate the long-term investment potential of the property market in the chosen country.

Conclusion

For wealthy Indians, purchasing property abroad offers not only a pathway to residency but also a strategic investment opportunity. Whether it's the charm of European cities, the business-friendly environment of the UAE, or the tropical allure of Caribbean islands, there are diverse options to suit different preferences and investment goals. With careful planning and professional advice, these international investments can lead to significant personal and financial benefits.