3 Easiest Residence Permits in the World | Summary and Q&A

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February 5, 2022
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Wealthy Expat
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3 Easiest Residence Permits in the World

TL;DR

Learn about the easiest residence permits to obtain in various countries around the world, including Mexico, Thailand, the Cayman Islands, Ukraine, and Montenegro.

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Key Insights

  • 🏦 Mexico's temporary resident visa requires a bank balance of $27,000 or a monthly income of $1,640.
  • πŸ‡ΉπŸ‡­ Thailand's Elite Visa offers five years of residency with additional perks.
  • πŸ‡°πŸ‡Ύ The Cayman Islands allows for permanent residency with one day of residency per year.
  • πŸ‡ΊπŸ‡¦ Ukraine offers relatively easy processes for acquiring residence permits, including a company establishment program.
  • πŸ‡²πŸ‡ͺ Montenegro grants residence permits to property owners, but renewals and citizenship can be challenging.
  • ❓ Each country has different requirements and benefits for obtaining residence permits.
  • πŸ₯³ These residence permits provide individuals a base in various parts of the world.

Transcript

what are the easiest residence permits you can get all over the world where you can move to not necessarily but you might have a base somewhere around the world we're going to discuss the easiest residence permits that i have experience with my clients have experience with or friends of mine that our personal friends have experience with so i actua... Read More

Questions & Answers

Q: What are the requirements for obtaining a residence permit in Mexico?

To obtain a temporary resident visa in Mexico, you need to show a bank account balance of $27,000 over the last 12 months or a monthly income of at least $1,640 for the last six months.

Q: What are the benefits of Thailand's Elite Visa?

The Thailand Elite Visa allows for five years of residency, with options for extension. Visa holders receive VIP treatment at the airport, free massages, and the ability to live in and leave Thailand freely.

Q: How can one obtain permanent residency in the Cayman Islands?

By purchasing real estate worth at least $2.4 million in the Cayman Islands, individuals can obtain permanent residency. Only one day of residency per year is required.

Q: What is the process for obtaining a residence permit in Ukraine?

Ukraine offers various residence permit options, including a program where foreigners can establish a company and invest $100,000 in it for permanent residency.

Q: What are the challenges associated with renewing a residence permit in Montenegro?

While Montenegro grants residence permits to property owners, renewals can be difficult. Permanent residency and citizenship require stronger ties to the country and meeting additional requirements.

Summary & Key Takeaways

  • Mexico offers a temporary resident visa, requiring a bank account balance of $27,000 over the last 12 months or a monthly income of at least $1,640 for the last six months.

  • Thailand's Elite Visa provides the right to live in Thailand for five years, with options for extension and additional perks such as VIP treatment and free massages.

  • The Cayman Islands offers permanent residency for those who purchase real estate worth at least $2.4 million, with only one day of residency required per year.

  • Ukraine has a relatively easy process for obtaining residence permits, including a program that allows foreigners to establish a company and invest $100,000 for permanent residency.

  • Montenegro grants residence permits to those who buy livable property in the country, although renewals and citizenship can be more challenging.

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