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Blog entry by Lena Merritt

The underlying principle is simple: a country grants the right to live there to overseas buyers who commit a qualifying amount in property. The minimum investment differs greatly between countries, and governments change it with limited notice.

One key point divides a residence permit and a passport. The permit gives you the right to live locally, typically on a renewable basis, whereas full nationality usually demands years of actual residence. An agent's promise of a passport in exchange for buying an apartment in greece an apartment is reason houses for sale in orihuela caution.

Beyond the investment itself, these schemes come with extra obligations. Typical examples involve a police clearance certificate, health cover, proof of income and a minimum number of days on local soil annually. Missing any of these can jeopardise the residency regardless of the property.

Fiscal residency is a different question altogether. Owning piran property for sale does not automatically make you a tax resident, and spending enough time in the country often does. Many countries use a residence test based on days, and the consequences extend to foreign income.

The realistic approach is essentially simple: buy something you would be happy to own, with the permit as a secondary benefit. These routes are suspended with limited notice, and a home selected purely villas for sale in kusadasi the status becomes hard to rent and hard to resell.