Expert Advice

A study by the Canadian immigration agency CanadaCIS has identified Portugal as one of the ten easiest countries in the world to obtain citizenship. Key Findings: – Sweden tops the list as the easiest country for non-EU residents to gain citizenship, with an acceptance rate of 9.3%. Women have a slightly higher acceptance rate at 10.02%, compared to 8.66% for men. – The Netherlands, Portugal, and Iceland** follow, making up the second to fifth positions. In these countries, more than 4% of applicants are granted citizenship. Portugal’s Position: – Portugal ranks fourth among 32 European countries for ease of acquiring citizenship, with a success rate of 6.6% for non-EU residents. Public Opinion: – Despite the study’s findings, some individuals, like Ann D from the USA, disagree. Ann shared her experience with The Portugal News, stating that despite being married to a Portuguese citizen for 16 years and having Portuguese-American children, she has struggled to obtain residency, let alone citizenship, despite multiple attempts. Most Difficult Countries: – Estonia is identified as the most challenging country for acquiring nationality, with an acceptance rate of just 0.6%. Men have a lower success rate of 0.58%, while women are slightly higher at 0.69%. – Latvia, the Czech Republic, and Lithuania** also have low acceptance rates, all under 1%. – Austria, Liechtenstein, Slovakia, Slovenia, and Germany** follow, each granting citizenship to less than 2% of applicants. – Denmark is highlighted as the toughest country for citizenship acquisition, with a mere 2% acceptance rate. These findings provide valuable insights into the varying ease of gaining citizenship across different European countries.

The connection between migrant entrepreneurship and host country economic development is gaining recognition, prompting governments to adopt strategies aimed at attracting migrant entrepreneurs and their innovative ventures. According to Research Gate, immigrant-founded firms among America’s Fortune 500 companies in 2010 generated over $4.2 trillion in revenue and employed more than 10 million people globally. A Startup Visa offers a provisional residency permit to foreign entrepreneurs, facilitating their entry into countries where they can secure funding or establish a permanent business presence. Several developed nations have implemented such visas, alongside immigration policies tailored to support foreign founders launching businesses in conducive environments. Navigating legal and cultural challenges, migrant and refugee entrepreneurs can leverage the Startup Visa as a significant opportunity for their burgeoning enterprises. We’ve compiled a list of fifteen countries actively offering the Startup Visa, aiming to attract skilled migrant entrepreneurs, enhance their expertise, foster innovation, and address global challenges.

1. United Kingdom: The Tier-1 Entrepreneur Visa requires setting up or managing a business in the UK, with prerequisites including English proficiency, access to at least £50,000 in investment capital, a valid passport, and a business plan. Initial applications can be made up to 3 months before travel, with the visa duration extending up to 3 years and 4 months, and eligibility for indefinite leave to remain after 5 years.
2. Denmark: The Startup-Denmark visa necessitates approval of your business idea by a panel selected by the Danish Business Authority. Proof of adequate funding covering the first year in Denmark is required, with a minimum of 137,076 DKK for applicants without dependents.
3. Sweden: To obtain a residence permit as a self-employed individual, applicants must demonstrate significant industry experience and previous business ownership. Proficiency in Swedish or English is mandatory, along with proof that goods or services will be sold or produced in Sweden, and funds equivalent to SEK 200,000.
4. Ireland: The Startup Entrepreneur Programme supports migrants proposing high-potential startups in the innovation sector, requiring funding of €75,000 and the creation of 10 jobs in Ireland within 3 to 4 years, with €1 million in sales. Startups must be headquartered and controlled in Ireland, operating for under six years.
5. Singapore: EntrePass applications mandate a valid passport, English employment testimonials, a business plan, and a $50,000 deposit in a Singaporean bank account.
6. New Zealand: The Entrepreneur Work Visa necessitates a detailed business plan, proof of English proficiency, and a minimum investment of NZ$100,000.
7. Australia: The Investors and Entrepreneur Visa includes Business Innovation and Investment and Business Talent visas, each requiring varying capital, English proficiency, and a business proposal.
8. Germany: Entrepreneur visa applicants must submit a comprehensive business plan, financial concept (including profit and loss, capital requirements, and liquidity plans), health insurance details, and a CV.
9. Italy: The Italia Startup Visa application can be direct or through a licensed incubator, requiring a business plan, passport copy, proof of financial resources, and €50,000 capital. The visa is renewable for up to 3 years.
10. Chile: The Startup-Chile program offers a 6-month acceleration initiative with free workspace and a one-year work visa, targeting startups younger than 3 years with a fully committed core team and a validated product.
11. France: The French Tech Ticket facilitates foreign entrepreneurs establishing startups in France, requiring teams of one to three founders, with no more than one French member, and a scalable, innovative business model.
12. Thailand: The Smart Visa program supports entrepreneurs investing in new businesses, with a 4-year visa for talents, investors, executives, and startup members.
13. Canada: Startup visa applicants need a qualifying business, a support letter from a designated organization, language proficiency, and proof of financial capacity.
14. Spain: Entrepreneurs in Spain must establish either a Sociedad Anónima (S.A.) or Sociedad Limitada (S.L.), with varying minimum capital and shareholder requirements, alongside a business plan.
15. Belgium: The Golden Visa program requires investment in a Belgian company, offering permanent residence and citizenship eligibility after five years, with investments typically ranging from €350,000 to €500,000.

These countries’ initiatives aim to foster innovation, economic growth, and cultural diversity through welcoming skilled migrant entrepreneurs into their economies.

Previous Offers We previously shared news about two Italian towns, Santa Fiora in Tuscany and Rieti in Lazio, that offered financial incentives to attract people to live and work there. These initiatives aimed to rejuvenate local communities and address declining populations.

New Opportunity in Presicce-Acquarica

Last year, another Italian town, Presicce-Acquarica, launched a similar campaign, offering up to €30,000 to encourage people to relocate there. What’s the Offer? Presicce-Acquarica, located at the southern tip of Italy’s Puglia region, is offering up to €30,000 to new residents for purchasing and renovating a home. The initiative, named “Welcome to Presicce-Acquarica,” comes with specific terms and conditions: – Applicants must move their official residency to the town and commit to staying for at least 10 years. – The grant can be used to buy and renovate a home built before 1991, representing about 30% of the local properties. – The €30,000 cannot exceed 50% of the total investment in the property. While the offer is currently not available, interested individuals can monitor the municipality’s website for updates. Real Estate Costs In Presicce-Acquarica, home prices range between €50,000 and €150,000, with an average cost of around €500 per square meter. The region is known for its potential properties and beautiful landscapes. Paying Taxes in Italy New residents will be subject to Italian income tax on their global income, including salaries, capital income, and land income. Italy has double taxation agreements with many countries, including the United States, to prevent being taxed twice on the same income. Tax rates in Italy are as follows: – 23% on income up to €15,000. – 25% on income from €15,001 to €28,000. – 35% on income from €28,001 to €50,000. – 43% on income above €50,000. Additionally, regional income tax ranges from 1.23% to 3.33%, and municipal tax can be up to 0.9%. Social security contributions are around 10% for employees and 26% for the self-employed. Living in Presicce-Acquarica Presicce and Acquarica, two towns that merged in 2019, form a municipality with a population of nearly 10,000. The town has a rich history and scenic surroundings with olive groves, vineyards, and nearby Ionian and Adriatic beaches. – History and Culture: Presicce’s history involves ancient settlements and a notable period as a major olive oil producer. Acquarica is known for its castle and a chapel dedicated to St. Francis of Assisi. – Economy: Agriculture is prevalent, with crops like tomatoes, artichokes, aubergines, and wheat, alongside sheep farming. – Lifestyle: The town offers a serene lifestyle with access to beautiful beaches like Torre San Giovanni and Lido Marini, and a diet rich in fresh seafood. Italy Digital Nomad Visa For those not ready to invest in a property, Italy is also introducing a digital nomad visa (DNV). Expected to be valid for one year initially, the DNV will likely require a minimum income of €2,500 per month. This visa could be an excellent option to experience Presicce-Acquarica before making a long-term commitment. By considering these opportunities, you can enjoy the unique charm of Italian towns while benefiting from financial incentives and exploring potential new lifestyles.

Ever dreamt of leaving your job and relocating to a place so affordable that working becomes optional? Or perhaps you’re keen on moving abroad to fulfil your dream life outside the U.S. For the past eight years, I’ve explored the most cost-effective places to live globally. My previous reports from 2023 back to 2017 have highlighted various destinations where living expenses are significantly lower than in the United States. For 2024, I consulted experts at International Living, who have just released their Annual Global Retirement Index, ranking the best and most affordable places to retire worldwide. This list isn’t just for retirees—it’s ideal for anyone seeking a more economical lifestyle or those looking to escape the daily grind, societal pressures, and political strife in the U.S. These countries offer such low living costs that work becomes a choice rather than a necessity. “Retiring abroad is easier and more affordable than ever,” says Jennifer Stevens, executive editor of International Living. “This Global Retirement Index is a great starting point for anyone comparing and narrowing down the best places to consider.” For 2024, Costa Rica tops the list. “It remains a place where good-value living is easy,” Stevens notes. “Your dollars stretch far, affording you a lifestyle that would cost much more back home.” Read on to discover the most affordable destinations where living your dream is not just possible but highly attainable.  

Costa Rica

Why: Costa Rica leads the Index thanks to its new 180-day tourist visa, making part-time living easier. Its commitment to environmental sustainability and reputation for safety and political stability make it attractive. Where to Move: Popular expat areas include Atenas, Grecia, and San Ramón in the Central Valley, offering mild climates and fertile lands. Tamarindo provides modern amenities and beautiful beaches, while Puerto Viejo de Talamanca offers a laid-back Caribbean vibe. The Cost: A retired couple can live well on $2,000 a month, while singles can thrive on $1,600 a month. Healthcare in Costa Rica is top-notch and significantly cheaper than in the U.S., adding to the savings.  

Portugal

Why: Portugal, although slightly lower in the rankings this year due to changes in visa and tax benefits, remains the top European destination for its affordability and charm. Where to Move: Choices range from Lagos’ maritime heritage to Vilamoura’s sophisticated urban living and Tavira’s serene riverside settings. Up-and-coming areas like the Silver Coast and the island of Madeira are also recommended. The Cost: Couples can live comfortably starting at $2,200 a month, while singles can do well starting at $1,700 a month. Dining out is affordable, and groceries and services are cheaper than in many parts of the U.S.  

Mexico

Why: Mexico offers a wide variety of lifestyle and climate options. Well-established expat communities ease the transition and integration process. Where to Move: Mexico’s colonial heartlands, Riviera Maya beaches, and vibrant Pacific shores all offer unique experiences. Cities like Querétaro balance historic charm with modern energy. The Cost: Couples can live comfortably on $1,500 to $2,000 per month, and singles on $800 to $1,200. This budget covers housing, utilities, and food, allowing for a higher standard of living compared to many U.S. cities.  

Panama

Why: Panama offers unbeatable residency options and high quality of life. Using the U.S. dollar simplifies finances, and the country’s healthcare is among the best globally. Where to Move: From Panama City’s modern skyline to Coronado’s beachside luxury and Boquete’s highland tranquility, there’s something for everyone. The Cost: Couples can enjoy a fulfilling lifestyle starting at $2,000 a month, while singles can start at $1,200. Housing and healthcare are significantly cheaper than in the U.S.  

Spain

Why: Spain combines low living costs with exceptional healthcare. Its vibrant lifestyle and culinary excellence come at an affordable price. Where to Move: Madrid’s historic streets, Costa Blanca’s beaches, Pyrenees’ mountain scenery, and Marbella’s luxury beachfront living offer diverse choices. The Cost: Couples can live comfortably starting at $2,000 a month, with singles spending between $1,500 and $2,000. Regional costs vary, but overall, Spain offers affordable European living.  

Ecuador

Why: Ecuador’s mix of beaches, mountains, and rainforests provides a low-cost, luxurious lifestyle. It’s rich in cultural and geographic diversity with a pleasant climate. Where to Move: Cuenca’s historic charm, Salinas and Olón’s coastal allure, Quito’s vibrant city life, and Vilcabamba’s mountain tranquillity offer varied living options. The Cost: Couples can live well on about $2,000 a month, while singles can manage on roughly $1,000 a month. Housing, transportation, and groceries are notably cheaper than in the U.S.  

Greece

Why: Greece offers a low cost of living, beautiful destinations, and high-quality, affordable healthcare. Its Golden Visa program provides an accessible path to residency. Where to Move: Athens offers urban conveniences at lower costs, while Crete and Corfu provide a slower pace and affordable living. The Peloponnese mainland offers rustic charm. The Cost: Living costs are up to 50% lower than in the U.S. Dining out is affordable, and housing costs range from $331 to $662 monthly for city apartments.  

Malaysia

Why: Malaysia is a “hidden gem” with stunning landscapes, friendly locals, and budget-friendly living. It’s a liberal country in the Muslim world, attracting expats for centuries. Where to Move: Kuala Lumpur offers city buzz and cultural diversity. Penang provides historical charm and great street food, while Langkawi and the Cameron Highlands offer beautiful and tranquil settings. The Cost: Couples can live comfortably at about $2,000 per month, while singles on around $1,000. Housing and dining out are notably affordable.  

France

Why: France offers sophisticated European living at a lower cost, especially outside Paris. The country combines high culture, excellent healthcare, and vibrant lifestyle options. Where to Move: Toulon offers affordable living near the Côte d’Azur, while Sarlat-la-Canéda in Dordogne and Huelgoat in Brittany provide historical charm and bucolic tranquillity. The Cost: Comfortable living is possible on a lower budget. A two-bedroom apartment in Toulon can be rented for about €800 monthly, with even lower costs in rural areas.  

Colombia

Why: Colombia’s diverse landscapes, welcoming culture, and affordability make it a top choice. It’s the world’s second-most biodiverse country, offering rich urban and natural experiences. Where to Move: Taganga offers beach life, Bogotá provides a vibrant urban environment, and Medellin blends modern amenities with traditional culture. Smaller cities like Manizales and Pereira are even more affordable. The Cost: Living costs range from $1,000 monthly in smaller cities to around $2,000 in larger cities like Medellin. Housing, utilities, and daily expenses are all significantly cheaper than in the U.S. Explore these affordable destinations to turn your dream of living abroad into reality.

Italy’s rich history, stunning landscapes, and vibrant culture make it an irresistible destination for property investment. However, the process can be complex, especially for foreigners. This guide offers essential dos and don’ts to help you navigate the Italian real estate market successfully.
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Congratulations on receiving your elective residency visa for Italy! While the hardest part is behind you, there are still several important steps to complete, the most crucial being your application for a permesso di soggiorno, or residence permit. You must apply for your residence permit within eight days of arriving in Italy. Begin by visiting your local post office, where you can obtain the application form that needs to be sent to the questura, or police headquarters, which also serves as Italy’s immigration office. Head straight to the post office’s sportello amico counter. If your local post office doesn’t have this counter, you’ll need to find one that does. Here, you will receive the residency permit application packet, also known as the busta gialla or kit giallo (‘yellow packet’). The form is approximately eight pages long and in Italian, so you might prefer to take it home to complete. If you need help, a patronato, a government-appointed organization, offers free assistance with bureaucratic tasks, including residency permits for foreigners. You can locate your nearest patronato through the official website’s sidebar. Once you’ve filled out the forms, return to the sportello amico counter with four passport-sized photos, photocopies of your passport (including the photo page and pages with your ERV), a €16 marca da bollo tax stamp (available at a tabaccheria), and your original passport for verification. You’ll also need to include copies of the supporting documents submitted with your ERV application, such as proof of accommodation in Italy, health insurance, and financial documents demonstrating you meet the passive income threshold for the ERV. There are fees associated with this process: €30 to send the application, €40 for the permit itself (valid for one year initially), and €30.46 for the permesso di soggiorno elettronico card (PSE). After submitting your application, the post office will provide you with a ricevuta (receipt slip) and the details of your appointment at the questura police headquarters, including any additional documentation required. Keep this slip safe, as it serves as proof of your right to stay in Italy until your residence permit is issued. Be prepared for potentially long waits for your initial questura appointment, with some reports of delays extending several months. When your questura appointment arrives, expect further waiting. You’ll eventually be called to a counter and directed for fingerprinting. After your fingerprints are taken, you’ll receive an alphanumeric reference code to check the status of your application online via the Polizia di Stato’s portal. When the portal indicates that your permit is ready with a green checkmark, you will need to make one final trip to collect your permesso di soggiorno elettronico. The questura aims to issue your permit within 60 days of your appointment. As an ERV holder, remember that your permit needs to be renewed within one year of applying. Start the renewal process at least a month before it expires to avoid any overlap. Though this process may seem lengthy, there is a reward at the end: after five years of living in Italy, you can apply for permanent residency, which requires renewal only every ten years.

Choosing the perfect overseas retirement destination can be challenging with so many enticing options worldwide. One of the joys of international living is the freedom to explore multiple destinations. Whether you opt for a roving retirement, a part-time overseas stay, or take a spontaneous leap, every adventure starts somewhere.
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