Residence Permit

A resident permit is an official document that permits a foreign national to legally live and work in another country. When a foreigner is given this permission, most nations provide them with a residency card. A resident permit does not replace a visa. However, any nation that is not visa-free needs a visa. To be clear, your resident permit is an upgrade of your visa that permits you to remain in the country for a longer amount of time to continue your job or education.

When you buy luxury real estate in another country, you are not only investing in your future, but you may also receive a temporary residency visa in the European Union. Buy Residency permits online are only valid for a limited period but may be canceled at any moment due to a change in policies or regulations. Often, residence is conditional on achieving particular conditions, such as working full-time in the nation or paying an elite residency fee every few years and spending a certain number of days in the country each year.

Residency, unlike citizenship, does not pass down to your offspring. Your children must be listed as dependents on your residence visa or get their own residency visa as adults. Many European Union nations buy residency permits for property investors. The most appealing circumstances are found in Latvia, Spain, Portugal, Greece, Bulgaria, and Hungary.