5 Cheapest Residency or Citizenship by Investment Programs in Europe

2. Malta

 Minimum Investment: $163,500

Situated in the middle of the Mediterranean Sea, Malta stands out as one of the most gorgeous places one could wish to stay. Despite its high standard of living, the cost of living is low, allowing expats to enjoy available facilities with ease. The Malta Permanent Residency Program (MRRP) is by far the quickest route to citizenship offered among all European countries. Moreover, it is undeniably one of the most cost-effective residency or citizenship-by-investment programs in Europe.

This program makes investors eligible for permanent residency the moment they land, with the only time spent being on the application process, which takes about 6-8 months. The plan consists of various options, all of which must be met, including donation and property investment either by purchase or lease. While there are varying estimates of the total minimum costs with mixed capital requirements, one figure amounts to $163,500, including the lease.

Obtaining citizenship status through this program would grant visa-free travel to 179 places, including the Schengen areas (for 90 days out of 180) and the US. The residency requirement does not necessitate physical presence in the country and bestows the right to live in Malta indefinitely. However, for citizenship, the applicant would need to reside permanently in the country for five years.

Family members are inclusively covered in the plan, with provisions even for financially dependent adult children and parents. In fact, the permanent residency extends to the 4th generation. Furthermore, foreigners face no hindrance in purchasing property in either Malta or Gozo.