This article will explore the 5 best Residency by Investment programs in 2023. For our comprehensive analysis, proceed directly to the 20 Best Residency by Investment Programs in 2023.
5. Jersey
Investment Amount: $1 Million
Process Duration: 2-6 weeks
Personal Income Tax Rate: 20%
Jersey provides an attractive Residency by Investment opportunity tailored for high net worth individuals aiming to attain prestigious residency status and gain the privilege to acquire property in Jersey. To qualify for this program, applicants are required to make a substantial contribution to the island’s economy. This contribution encompasses a minimum real estate investment of £1.75 million along with an annual tax commitment of £250,000. Alternatively, HNWIs can explore Jersey’s High-Value Residency program, which necessitates a sustainable annual income of at least £725,000 (approximately $1 million), coupled with a minimum annual tax obligation of £145,000.
4. Thailand
Investment Amount: $19,500
Process Duration: 2-3 months
Personal Income Tax Rate: 35%
Foreign nationals aspiring to establish a residence in Thailand can pursue various avenues, including visas, permanent residency, or citizenship. Among the options for obtaining permanent residency, the Thailand Elite Residence Program stands out, affording applicants the opportunity to reside in Thailand for up to 20 years, coupled with access to an array of exclusive services and benefits. To initiate the application process for this program, individuals are required to pay a minimum fee of THB 600,000.
3. Panama
Investment Amount: $100,000
Process Duration: 3-4 months
Personal Income Tax Rate: 25%
The Panama Residency by Investment Program offers foreign individuals the opportunity to invest in Panama and seek a residence permit. The minimum required investment stands at $100,000, and this investment can be directed towards either real estate or reforestation projects. This program provides a temporary residence status for a duration of two years, following which investors are eligible to apply for permanent residency.
2. Mauritius
Investment Amount: $50,000
Process Duration: 6 months
Personal Income Tax Rate: 15%
Mauritius’s 10-Year Renewable Residency Program offers individuals the opportunity to obtain a renewable residency permit through a minimum investment of $50,000 in real estate, with additional processing costs varying based on family size. This program provides numerous advantages, including the potential for an attractive return on investment, the establishment of a bank account, and the incorporation of a domestic company in Mauritius. Moreover, beneficiaries of this permit are granted the privilege of residing and working in Mauritius, along with the added perk of utilizing a premium property in Mauritius for one week each year, both for themselves and their families.
1. Montenegro
Investment Amount: No minimum investment required
Process Duration: 1 months
Personal Income Tax Rate: 9%
Montenegro ranks as the best Residency by Investment program in 2023 on our list. Foreign citizens can extend their stay in Montenegro beyond 90 days with a temporary residence permit, which can be obtained for various purposes such as family reunification, education, research, and more. Those interested in the real estate route can purchase property for potential profit. After five years on a temporary permit with a clean record, they can apply for permanent residency in Montenegro.
You can also take a look at our articles 15 Countries That Have the Best Economy in Africa & 12 Fastest Growing Sectors and Investment Opportunities in the US.
