Expert Advice

In this article, we explore the top 5 countries where obtaining a residence permit is relatively straightforward. For a more detailed analysis, refer to our comprehensive list of the 16 Easiest Countries to Obtain a Residence Permit. 5. United Arab Emirates Minimum Investment Cost Rank: 21 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 13.4 The UAE, home to a large expatriate population, has long been attractive to investors and entrepreneurs. While citizenship pathways are limited, residency permits are accessible through various forms of investment such as public ventures, real estate, and company formation. The minimum investment can start from AED 500,000 (approximately US $135,000), associated with an accredited incubator, with processing times averaging about a month, making it one of the quickest routes to a residency permit. 4. Latvia Minimum Investment Cost Rank: 5 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 3.8 Latvia offers one of the fastest and most cost-effective residency programs in Europe. With a minimum investment of just €60,000 (approximately US $65,400) in a Latvian company that employs at least €40,000 annually, applicants can expect approval within 1-3 months. Successful investors must visit Latvia within three months to obtain a five-year residence permit. 3. Austria Minimum Investment Cost Rank: 3 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 2.6 Austria, known for its developed economy, presents attractive options for investors seeking residency. Through its Residence by Investment program, applicants must demonstrate €40,000 (approximately US $43,600) in liquid funds, own or lease a permanent residence, possess private health insurance, and show proficiency in German. Applications are typically processed within 1-3 months. 2. Thailand Minimum Investment Cost Rank: 2 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 2 Thailand’s Elite Residency Program is highly regarded among expatriates and investors looking to reside in the country. With options like the Gold Membership requiring a minimum investment of THB 900,000 (approximately US $26,000), applicants can secure a five-year privilege entry visa in just 1-2 months. 1. Montenegro Minimum Investment Cost Rank: 1 Minimum Application Process Time Rank: 2 Insider Monkey Weighted Average: 1.4 Montenegro, a rapidly growing economy, actively encourages investors and skilled individuals through an attractive residency program. While specific minimums aren’t stipulated, the program allows for investment in real estate or a legal entity. Requirements include establishing and registering a legal entity, opening a local bank account, and securing residential and office space. Operational costs for the company are estimated at €3,000 annually (approximately US $3,240).