Can you guess the cheapest EU residency?
For many, second residency in the European Union is a goal worth paying extra for.
EU second residencies (and, in many cases, the future second passports to follow) are more expensive and more complicated, but also offer increased freedom of movement and the potential for an excellent second passport.
For many, the easiest way to get EU residency is through residency by investment, whereby an investor purchases real estate, makes a bank deposit or makes some other investment.
The cheapest residency by investment program in the European Union is in Greece.
A mere 250,000 euro real estate investment entitles the investor and his family to live not only in Greece, but to move freely about the Schengen Area.
However, investing in Greece is not as easy as it sounds.
Andrew explains why purchasing Greek real estate for residency and future citizenship has some challenges, and you might consider other options.
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
Work with Andrew: