Residence permit

Residence permit in UAE, Turkey and other countries

A residence permit is a document that allows a foreigner to officially reside in the country. There are many ways to acquire it, one of which is investment in living space.

Many states offer the possibility of obtaining a residence permit when buying villas and apartments. Among them are Dubai, Cyprus, Portugal, Spain, Turkey. Each of these territories has its own characteristics and requirements.

For example, in Dubai, you need to invest at least 1 million dirhams (about $ 272,000) in real estate to get a document. In Cyprus – at least 300,000 euros. In Portugal – from 350,000 euros. In Spain – from 500 thousand euros. In Turkey – from 250 thousand dollars.

At the same time, it should be borne in mind that investing in square meters is not only a way to obtain a residence permit, but also the prospect of increasing income. For example, in the Mediterranean region of Europe (including Spain, Portugal, Cyprus), real estate prices have been rising for several years in a row, and rental housing is in stable demand.

When choosing a state for your investments, you should take into account, in addition to the requirements for the investment program, also cultural, linguistic characteristics, climate, economic, political status.

So, investing in apartments and villas is not only a chance of obtaining a residence permit, but also a way to make a profit from renting or reselling real estate. But to obtain a residence permit, you should carefully study the requirements of the investment program and choose a suitable location, taking into account many factors.