5 Easiest Countries to get a Residence Permit

3. Austria

Minimum Investment Cost Rank: 3

Minimum Application Process Time Rank: 2

Insider Monkey weighted Average: 2.6

One of the developed nations, Austria has much to offer investors looking for residency permits. Under the country’s Residence by investment program, the aspirant investors must have €40,000 (approximately US $43,600) in liquid funds on a bank account (which increases with the size of the family), provide proof of a permanent residential property (owned or leased), have private healthcare insurance, and have documented German language skills. The application is processed within 1-3 months.