Which is the cheapest country to get PR?

Exploring the Cheapest Options for Permanent Residency in Europe

For individuals seeking permanent residency (PR) in Europe, cost is often a significant consideration. Several European nations offer affordable and attractive options for obtaining PR, making them popular destinations for immigrants.

Latvia

Latvia has emerged as a cost-effective option for PR seekers. The country offers a residency program that requires an investment of €250,000 in real estate or €100,000 in a business. This makes it one of the most accessible investment-based residency programs in Europe.

Croatia

Croatia is another affordable option, with a residency program that requires an investment of €350,000 in real estate or a donation of €150,000 to the Croatian Economy. The process involves obtaining a temporary residency permit, which can be converted to permanent residency after five years of residence.

Bulgaria

Bulgaria offers the most cost-effective residency program among the three countries. The minimum investment requirement is €250,000 in government bonds, which must be held for five years. This program provides a straightforward path to permanent residency without the need for business ownership or real estate investment.

Factors Influencing Residency

While cost is a key consideration, several other factors influence the difficulty of obtaining PR in these countries.

• Investment Requirements: The investment amounts required vary between countries, with Latvia being the most accessible and Bulgaria being the most affordable.
• Skillsets: Some countries, such as Latvia and Croatia, offer residency programs tailored to individuals with specific skills or experience, making it easier for professionals to qualify.
• Language Proficiency: Proficiency in the local language is not a requirement for obtaining PR in any of these countries, but it can facilitate communication and integration.

Conclusion

Europe offers several affordable countries for individuals seeking permanent residency. Latvia, Croatia, and Bulgaria each present unique options with varying investment requirements and difficulty levels. By carefully considering these factors and the specific circumstances of each applicant, it is possible to find the most cost-effective and suitable path to European PR.