Relocation with Your Family through European Residence Programs

Every trip is an opportunity to explore a new culture and people. You must prepare the appropriate documents for your visit: a residence permit, proof of financial independence, etc. The result of the trip can be not only great impressions, but also a desire to change the country of residence.

Wealthy travelers do not face any problems when planning a move. Legal residence in European countries is available thanks to widespread investment programs. Participation in the offer will allow you to obtain Spanish residence and enjoy attractive opportunities. Reading the details will help you learn more about the programs' features and choose one.

European Residence by Investment Programs

Participation in the program will allow you to improve the standard of living and support the economy of any European country. The proposal is based on the exchange of capital for official status - a temporary residence, permanent stay, or citizenship. In each of these cases, the applicant receives the desired results and enjoys the rights of the local population.

For relocation with family to Europe, you must consider several factors affecting your decision. They include:

1. Total cost. An accredited agent will help you determine the method of investment and the amount of contributions. The sum of the investment depends on the conditions set by the government and the number of applicants. The investor can add family members to the application, but the contribution amount will increase.
2. Processing time. The application is approved based on the documents received. It takes much time to check the applicant's credibility, but the processing time varies from country to country. Paying attention to these details will help you choose the right option for your needs. 
3. Results of participation. Foreigners who have received a residence permit (passport) have access to new prospects. It concerns the standard of living, service quality, and other activity aspects.

The high level of development of EU countries attracts many people. A visa-free regime and a simplified taxation system are the following things that stimulate the demand of foreigners. The recommendations of the expert Vladlena Baranova (Immigrant Invest agency) show that the search for a profitable program begins with considering the benefits of participation and only then - the conditions.

Navigating the Application Process for Families

Investment program agents help you apply for participation. Foreigners who plan to obtain citizenship must prepare a package of documents according to the requirements. The list often includes medical certificates, proof of financial independence, and the absence of criminal convictions.

When adding applicants to obtain Greek residence, it is worth knowing about:

• the amount of taxes and fees for processing the request;
• the total amount of contributions in the specified manner;
• requirements for additional applicants.

The principal applicant is financially responsible for all participants in the program. Dependents do not pay fees or any other costs. Meeting the criteria of the main applicant is the primary issue the government considers when reviewing the application.

Why Europe is the Best Second Home for Your Family

To begin with, most countries allow you to retain both citizenship after the second one is approved. Foreigners who have become full members are exempt from double taxation and are eligible to enjoy the benefits of permanent residence. However, these are not the only features that attract investors' attention.

Legal Considerations and Family Rights

The rights of citizens of European countries include the opportunity to receive education in the best educational institutions, safe conditions within the state, and legal stay in the Schengen area or members of the European Union. Family reunification also affects the level of demand.

In addition, full-fledged members of a developed society get:

• access to modern medical care;
• the opportunity to start and develop your own business;
• access to a new market with all the advantages;
• the right to pass on citizenship to descendants;
• safe living environment.

Let's note that relocation for an investor and his family is a way to expand horizons and get more chances for a better future. The repayment period is from 5 years, which also looks attractive in conditions of a stable economy.

Cost of Living

Reducing the cost of living helps you create better conditions for permanent residence in a new place. Since the terms of the program include the purchase of real estate, it is worth doing so and planning to move into your property. This way, you can save on rent and not worry about finding a suitable housing option. Immigrants who become citizens have the right to free medical care and other public sector services.

Conclusion

The thought of changing your place of residence can be frightening, especially in the case of relocation through residency programs. However, it is easy for foreigners to integrate into a new society. Migrants who have obtained citizenship or residency get new opportunities and improve their life.

Countries offer to keep the first passport, set up your own business, and continue to scale up your activities. Consultations with specialists with relevant experience will help you learn about the specifics of the programs and make the right choice.