The main thing that makes getting a residency permit more difficult for an US, Canadian or any other non-EU citizen is the fact that self-sufficiency is not acceptable. No special rules pertaining to the granting of citizenship on the basis of a residence permit obtained by an investor. AVA Georgia, legally provides diverse services in the field of real estate, investment, and residence in Georgia. To qualify for a one year residence permit, applicants must invest in a company or which (s)he has received endorsement of the Romanian Centre for Trade Promotion and Foreign Investments and provide proof of legal ownership over the space for the office and the dwelling space. Investment. While residence and citizenship by investment (CBI/RBI) schemes allow individuals to obtain citizenship or residence rights through local investments or against a flat fee for perfectly legitimate reasons, they can also be potentially misused to hide their assets offshore by escaping reporting under the OECD/G20 Common Reporting Standard (CRS). 5. Swedish Citizenship. ▪ you can prove that you dispose of the necessary means of subsistence reaching the level of the national minimum net salary, except for the foreigners who are family members of Romanian citizens; ▪ you prove to have a social health insurance; ▪ you prove to legally hold a housing space. We are happy to hear you want to permanently move to our country. Minimum investment. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. Business visa / long term residence permit. The duration of residence permit is usually two or three years which can can be prolonged. Can you help me host my headquarters in Romania? What makes CBI online platforms so popular? The long-stay residence permit in Romania, Our Law Firm offers juridical representation and consulting regarding, Lawyers: Driving under influence in Romania (DUI), How to obtain a construction permit in Romania, Registration in Intra-Community Operators Register, Differences between Branches and Subsidiaries in Romania, Open a non-banking financial institution Romania, Non-governmental organizations in Romania. In addition, children over 18 years old and parents of the main applicant can be added into the application without additional investment. Puerto Rico. SERVICE AREAS. The long-term residence permit is granted for a period of 10 years in case you are a family member of a Romanian citizen or a period of 5 years if the purpose of your stay falls under those provided by law. Investment for Residency and Citizenship. In order to apply for a long term residence permit, you must present a standard application accompanied by the following documents: Yes, there is the possibility of your application being denied. Portugal. The refusal as well as the reasons for its formulation, will be communicated in writing to the applicant within 15 days of the resolution. Copyright © 2011 - 2021 Darie & Manea Law Firm. 31/1990 regarding the, Protecting children from the perspective of human rights, cr, Minimum fees recommended for lawyers 2021, The U.S. Embassy Bucharest Attorney List. EUR 100,000 and creation of at least 10 new jobs in the case of a limited liability company; EUR 150,000 and at least 15 new jobs in the case of a joint-stock company. The Malaysia My Second Home Program, started in 2002, allows foreign nationals who fulfill certain criteria to stay in Malaysia on a multiple-entry social visit pass. Our platform is free to use and we do not charge any fee to clients. A residence by investment program is another way of obtaining temporary and permanent residence when you are required to invest in a country of your future residence. The minors whose parents hold a long term residence may receive the same statute, without fulfilling the condition regarding the continuous residence in Romania in the last 5 years preceding the application; in case only one of the parents holds a long term residence, the consent of the other parent is needed in authentic form. Why is the Notice necessary before litigation? : The Romanian passport is 18th powerful EU passport in the world. After 5 years of uninterrupted living. The foreigners who prove to have made investments of minimum EUR 1.000.000 or have created over 100 full time places of work, may receive the long term residence permit if they fulfill the last 4 conditions mentioned above. This could be useful if one wants to develop a business in Romania or any of the European Union countries. Also, if you have been recognized as a refugee or have been granted subsidiary protection in Romania, and you are married for at least 5 years with a Romanian citizen, this period will be reduced by half. Note: The above information were compiled from EU commission report fact finding study on investor residence and citizenship schemes available in Romania. However, in establishing this period, there will not be taken into account the right of residence offered by a short-stay visa, diplomatic visa or work visa, nor the residence right obtained for carrying out activities as seasonal workers. 4. Processing time. It is required that foreigners, before making the trip, contact the office of the Ministry of Internal Affairs in the area in which they plan to reside to make sure they will be able to get the temporary residence permit. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed,  UAE. Temporary residency. Romania has committed the euro once it fulfils the necessary conditions. 6. retired. Investment name. EU/EEA and Swiss citizens have it much easier when it comes to getting a Romania residence permit. The Golden Visa gives you the option to obtain a higher-ranking second passport, but usually at a bigger cost. Business Immigration To Romania. Residency in Romania is approved by the head of the Office for Immigration. Things are a bit more complicated if you are a non-EU citizen who wants to stay in Romania for more than 90 days. Serving HNW clients since 2011. If you are from the EU/EEA or Switzerland, you do not have to actually apply for a residence permit, as non-EU/EEA/Swiss nationals do. ▪ knowledge of the Romanian language at least at a satisfactory level; ▪ you do not represent a threat for the public order or national security. Call the experts at our law firm in Romania for a free consultation. Special assistance for investors is available at our Romanian law firm. As of 2019, Romanian citizens had visa-free or visa on arrival access to 169 countries and territories including Canada, United Kingdom but visa required to visit US. A residence permit is initially issued for one year and can then be renewed without problems or interruptions. Persons of independent means aspiring to obtain residence permits in Austria are subject to the annual quota. proof of income -€12,000. This right can be claimed both as a family member of a Romanian citizen, and for another purpose of your stay in Romania, such as family reunification, commercial activities etc. 48%. If you need a reliable team of lawyers in Romania to help you in this matter, do not hesitate to contact our team. Romanian Residence Program . (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Residence permit document in Romania. A citizen of any country can become a participant in the governmental program and obtain Romanian citizenship by investments. How to get your residence permit if you are a non-EU citizen. ▪ in the said period they were not absent from the Member States of the European Union, the European Economic Area or of the Swiss Confederation for a period exceeding 12 consecutive months and the period of absence does not exceed 18 months in total; ▪ during this period of time, no measure of removal from Member States of the European Union, the European Economic Area or of the Swiss Confederation was disposed against the foreigner in question; ▪ they present proof of disposing of the necessary means of support to the minimum gross salary guaranteed in payment, except for foreigners who are members of Romanian citizens; ▪ they prove to have a social health insurance; ▪ they prove to legally hold a housing space. “Thank you for your excellent service. They are privileged programs designed for high net worth individuals who want to live and work in another country. The residence permit of Romania is a document that allows it holder to legally reside in Romania. Austrian Residence-by-Investment. In addition they must meet the following. 3 weeks. All foreign nationals need to apply for a temporary residence permit if they plan to stay in Romania for 120 days or more. This type of visa is granted, on the grounds of the prior endorsement of the Romanian Center for the Promotion of Foreign Investments, to third-country nationals who are or will become shareholders or associates, in management and administration positions, within companies which have legal personality in Romania. 5. 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By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. The naturalization time is reduced by half for citizenship, if the foreigners invest atleast EUR 1 million or more under the currently citizenship legislation. If you are an EU/EEA/Swiss citizen. The authorized agent provides the investor with advice on the most favorable investment activities, with due regard … For example, in UK the investment in about 1 million pounds, while in Romania you need to invest at least 100.000 euro in order to be granted the investor visa. Our team of Romanian lawyers can provide more details about these conditions. An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. 6. entrepreneur. You often receive the passport in five years or more. Highly recommended people”. You can do this through an initiative called residency-by-investment, also popularly referred to as the Golden Visa Program. ; Incentives for investment in certain sectors (production, logistics, service centres, R&D, tourism, film production, sports, etc. After investing at least EUR 300,000 under the Investor Residency Bond Program, a permanent residency permit will be issued to the investor and his close family members (wife and kids under 18 years old). Each residency by investment scheme offers different investment options and the required investment amount varies for each program. 5. Don't worry about the legal matters while planning to live in Romania and let our lawyers in Bucharest handle your long term residence, hassle-free and at a very competitive fee. The conditions that must be met for granting the right of long term residence in Romania are: In establishing the continuous and legal stay period, half the length of residence for study purposes is taken into consideration. The first step in obtaining the long term residence in Romania is requesting the granting of this right at the territorial units of the General Inspectorate for Immigration in the county that you live in. Romania Residency by Investment Solution. This means that every year the Austrian Government announces a ‘quota’, a limited number of such residence permits to be issued. The holders of a long term residence permit benefit of equal treatment as compared to Romanian citizens in respect to: The foreigners, who hold a long term residence permit, according to immigration Romania law, have the right to establish or move their domicile on the Romanian territory, under the same conditions with the Romanian citizens. According to Romania Law Blog, third country nationals (TCNs, non-EU citizens) can obtain the Romanian Residence permit if they form a company with a minimum of EUR 100,000 capital and they also must create at least ten new jobs. Permanent residency. In addition, applicants must show proof of monthly income of EUR 500 (USD … The second stage is the citizenship application. – Adewale, Nigeria, Romania Residence and Citizenship by Investment, First version of Malta IIP expires in September, How to get Ireland Permanent Residency for €400K, St Kitts is the Rolls Royce of Citizenship by Investment. Proof of investment can be made with certificates issued by the Trade Registry, certificates from the tax authorities and financial evaluation reports prepared by certified accountants. This timeframe can be reduced to half of its duration if the applicant invested at least EUR 1,000,000 in Romania – four years or two and a half years if the foreigner is married to a Romanian citizen. Today we received our passports, a happy day. Latvia — To obtain a Latvian temporary residence permit, one has to buy real estate worth €250,000 and pay a 5% government fee. All Rights Reserved. The long term residence right granted to holders of EU Blue Card who had a right of continuous residence on the territory of the Member States of the European Union, the European Economic Area or of the Swiss Confederation in the past 5 years preceding the application, as holders of EU Blue Card, in case that for 2 out of the 5 years they had the right of continuous residence in the 2 years preceding the date of the application, as holder of the EU Blue Card, in Romania, is obtained provided the following requirements are cumulatively fulfilled: If you need clarification on any of the aforementioned points, our team of attorneys in Romania can assist. Aside from the condition of residence, the foreigners who apply for Romanian citizenship need to also fulfil certain additional criteria: There are tax incentives in place that benefit all investors, foreign or Romanian, including e.g. European But Not EU Member States’ Residency by Investment Programs A Romania residence permit application is processed within 30 days after you submit all of the required documents. If the request is approved, within 30 days from receiving the notification you must submit the following documents attached to the application for issuing the long-term residence permit: • documents regarding the border crossing; • justifying documents regarding the housing space; •  access on the labor market, without work permit, based on an individual labor contract approved by the Labour Inspectorate; •  access to all forms and levels of education and professional training including to granting of scholarships, validation of studies and recognition of diplomas , certificates, competence attestations and professional qualifications; •  social security, social assistance and protection; •  tax deductions on global income and tax exemptions; •  access to public goods and services including obtaining of dwellings; •  freedom to enter into associations, for affiliation and belonging to an union or professional organization. The Bulgarian citizenship by investment program is a two-stage procedure: The first stage is a permanent residency card application, subject to an investment of minimum 512,000 euros. Residency by Investment Programs allow permanent and temporary residence permits for a certain amount of investment. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. 50% additional corporate tax deduction for eligible expenditure related to R&D activities; Corporate tax exemption for the first 10 years of activity for taxpayers carrying out exclusively innovation, research and development activitypix. Then comes a temporary residence permit, if one is employed or gets enrolled as a student. pension-€12,000. Business investment. Compared to other European countries, it is much cheaper to invest in Romania and grow your investment in the future, due to the European Union funding that leads to rising prosperity. Legal fee: 30,000 EUR (breakdown of costs below) There are 6 steps to obtain a residence permit based on the business: 1.Drafting a business plan (We have several business ideas and investment opportunities for Germany) 2. If the applicant spends more than six months in a year abroad, that entire year is disregarded for the purposes of the citizenship application. Permanent. To receive temporary residency in Romania, foreigners must invest, Foreign nationals who invested an investment of EUR 1,000,000 EUR or 100 new jobs, the conditions of continuous residence of five years and personal financial means equal to the minimum wage are waived. In exchange for a property investment of $595,000 (£448k), non-EU citizens are offered a residency permit and the opportunity to live and work in the EU. Application for the granting or renewal of a residence permit for family members of citizens of non EU / EEA will be settled within 30 days from the date of its submission. The implementation of direct investments for the purpose of obtaining a passport goes through a specialized company approved by the Government of Romania. 6. The residence permit as a family member of a Romanian citizen must be renewed at least 30 days before the expiry of the previous one. Romania offers citizenship and residency to foreign investors who commit to invest in Romanian businesses and job creation. The applicant has public health insurance; The applicant has his/her place of residence in Romania; Satisfactory knowledge of the Romanian language, Not a threat to national security or public order. unless within that period you have benefited from a temporary right to stay in a Member State of the European Union; • in case of absence from the Romanian territory Renting an office for a company in Bucharest, What conditions do you have to meet to set up a SRL-D (debut, Updating company identification data to ONRC, The procedure for obtaining the European Ecolabel, A1 Form For Hiring Foreign Citizens – How To Obtain It, Fast procedure for small debt recovery in Romania. Demonstrated their loyalty towards the Romanian state through their actions, conduct and attitude; Demonstrate that they did not undertake or support actions directed against the rule of law or national security and that he/she has never had such conduct in the past either, Is over the age of 18; Is known to have a good conduct and has not been convicted, either in Romania or abroad, for crimes which make him/her unworthy to be a Romanian citizen; Speaks the Romanian language and has basic knowledge of Romanian culture and civilisation, capable of allowing him/her to integrate into the social life; Is familiar with the provisions of the Romanian Constitution and with the national anthem. Best Citizenships is now a part of Yellow network, “Very honest and professional service. Romania is a EU member state, but currently in the process of joining schengen area. Temporary Residence Permit. Residence-by-Investment Overview. The permit can be changed to permanent residency permit after the five-year period of residence. 61 Unirii Boulevard, Bl. Temporary residence permit is normally granted for one or two years, subject to renewal either annually or every two years. 208, District 3, 030828, Bucharest. Crimes and offenses free trade areas Romania, The European Arrest Warrant (EAW) in Romania, The modification of matrimonial regime in Romania, Termination of parental rights in Romania, The substantive conditions of adoption in Romania, The review of civil judgements in Romania, The confession in the Romanian civil proceedings. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Our lawyers in Romania can provide legal assistance for this step. Temporary residency. The refusal to grant long-term residence rights can be appealed within 30 days from the communication to the Court of Appeal. • documents regarding the crossing of the state’s frontier; • justifying documents regarding the legal holding of a housing space; • justifying documents regarding the means of subsistence; • proof regarding the social health insurance; • the criminal record issued by the Romanian authorities; • civil status documents, if it’s the case; The applications for long-term residence rights are solved in 6 months, with the possibility of extending that period for up to 3 months. F3, Entrance 4, 2nd floor, Apt. Residence permit for entrepreneurs in order to practice a self-employed. Romania Residence and Citizenship by Investment November 25, 2019 Romania offers citizenship and residency to foreign investors who commit to invest in Romanian businesses and job creation. 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Are a bit more complicated if you are a non-EU citizen who wants to develop business! The real estate investment but without the requirement to reside Latvian business or a local bank information on to!