How to Buy EU Citizenship: European Passports for Sale | Summary and Q&A

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December 30, 2021
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Wealthy Expat
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How to Buy EU Citizenship: European Passports for Sale

TL;DR

Learn about three European citizenship by investment programs in Malta, Bulgaria, and Portugal, each offering different benefits and investment requirements.

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Key Insights

  • ♿ Malta's citizenship program offers quick access to EU citizenship but requires a substantial investment.
  • 🥶 Bulgaria's program provides an investment return and eventual EU citizenship but has limited visa-free travel privileges.
  • 🇵🇹 Portugal's golden visa program offers temporary residency in the Schengen area and an eventual pathway to EU citizenship.
  • 🍧 Language requirements vary among the programs, with Malta having none, Bulgaria needing minimal language skills, and Portugal requiring some knowledge of Portuguese.
  • ✅ Due diligence and background checks are conducted for all three programs.
  • 👋 Personal financial circumstances, desired passport capabilities, and investment preferences determine the best program choice.
  • ❓ It is advisable to consult with an expert to navigate the complexities of each program and determine the most suitable option.

Transcript

how to buy european eu citizenship many people dream of living in europe having their kids study in europe just having a european passport as a plan b or maybe replacing one really good passport like a us passport australian canadian with an eu passport today we're going to talk about the top three programs that i'm always looking at that i talk to... Read More

Questions & Answers

Q: What is the investment requirement for Malta's citizenship program?

The total cost, including a donation, renting an apartment, and lawyer fees, amounts to approximately $1.1 million.

Q: Can Bulgaria's citizenship program provide immediate access to the EU?

No, the first year of investment in Bulgaria is for permanent residency, and access to the EU is limited until citizenship is obtained.

Q: Are language requirements different for Malta, Bulgaria, and Portugal programs?

Malta does not require language proficiency, while Bulgaria and Portugal have minimal language requirements.

Q: Which program is recommended for high net worth individuals who want quick access to EU citizenship?

Malta's program is ideal for those willing to invest a substantial amount (around $1 million) and obtain EU citizenship in about 16-18 months.

Q: Does Portugal's golden visa program offer immediate access to the Schengen area?

Yes, with the initial investment, investors receive temporary residency in the Schengen area, allowing them to live and travel freely within the region.

Q: What are the key benefits of Bulgaria's citizenship program?

Bulgaria's program offers a significant investment return, as the initial investment is returned after obtaining citizenship. However, the Bulgarian passport has limited visa-free travel privileges.

Q: Do the programs require background checks and due diligence?

Yes, all three programs have strict due diligence processes, including thorough checks on criminal backgrounds and source of funds.

Q: Which program would be recommended for those willing to keep their investment and work towards EU citizenship over a longer timeframe?

Portugal's golden visa program would be suitable, as it offers temporary residency in the Schengen area for five years, providing access to live and work in multiple European countries.

Summary & Key Takeaways

  • Malta: Ideal for high net worth individuals looking for quick access to EU citizenship in about 16-18 months with a total investment of around $1.1 million.

  • Bulgaria: Offers a two-step program, with an initial investment of $576,000 for permanent residency and a subsequent investment of $1.2 million for citizenship. However, the Bulgarian passport has limited visa-free travel privileges.

  • Portugal: Provides a golden visa program where an investment of around $570,000 in real estate or a fund leads to temporary residency in the Schengen area for five years, eventually leading to citizenship.

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