– 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. They are privileged programs designed for high net worth individuals who want to live and work in another country. Residence permit document in Romania. In addition, children over 18 years old and parents of the main applicant can be added into the application without additional investment. Each residency by investment scheme offers different investment options and the required investment amount varies for each program. 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. Our team of Romanian lawyers can provide more details about these conditions. Spain — The country has a similar programme to Portugal, and a resident permit can be obtained by buying a €500,000 house or investing €2 million in Spanish government debt. After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship. ▪ 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. The refusal to grant long term residence rights does not have any legal effect on the right of residence of the applicant. Temporary residency. 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. Austrian Residence-by-Investment. Enquiry Factsheet. This means that every year the Austrian Government announces a ‘quota’, a limited number of such residence permits to be issued. 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. The residence permit of Romania is a document that allows it holder to legally reside in Romania. ▪ they do not represent a threat for the public order or national security. Can you help me host my headquarters in Romania? 6. retired. Yes, the long term residence right shall cease in one of the following cases described below by our lawyers in Romania: If you are interested in more details about these special situations, please reach out to our Romanian lawyers. “Thank you for your excellent service. 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. 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. 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. A residence permit is initially issued for one year and can then be renewed without problems or interruptions. 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 Golden Visa gives you the option to obtain a higher-ranking second passport, but usually at a bigger cost. Romania is a EU member state, but currently in the process of joining schengen area. Residence permit programs … Romania offers citizenship and residency to foreign investors who commit to invest in Romanian businesses and job creation. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. F3, Entrance 4, 2nd floor, Apt. Tax credit of up to 80% of the corporate tax due, for up to 10 years, for investments exceeding approx. Residence for financially independent person governed by provision of Article 44 of the aforementioned law. Why is the Notice necessary before litigation? Investors who wish to become Romanian citizens have to go through the general naturalisation process. An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. 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. You often receive the passport in five years or more. 3 weeks. Business investment. In addition, applicants must show proof of monthly income of EUR 500 (USD … Temporary Residence Permit. 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. Business Immigration To Romania. 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. Persons of independent means aspiring to obtain residence permits in Austria are subject to the annual quota. You can also get residency by investing a similar amount in a Latvian business or a local bank. business activity according to §21 „residence permit to start up a business or investment Note: The above information were compiled from EU commission report fact finding study on investor residence and citizenship schemes available in Romania. Investment name. 48%. entrepreneurship--48%. Romanian Residence Program . : The Romanian passport is 18th powerful EU passport in the world. EU/EEA and Swiss citizens have it much easier when it comes to getting a Romania residence permit. Portugal. 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. 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. 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. Copyright © 2011 - 2021 Darie & Manea Law Firm. The second stage is the citizenship application. Romania has committed the euro once it fulfils the necessary conditions. 5. If the applicant spends more than six months in a year abroad, that entire year is disregarded for the purposes of the citizenship application. ▪ knowledge of the Romanian language at least at a satisfactory level; ▪ you do not represent a threat for the public order or national security. Special assistance for investors is available at our Romanian law firm. Investment for Residency and Citizenship. 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. Please reach out for information on how to open a company in Romania. Residence-by-Investment Overview. 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. The foreigners of Romanian origin or born in Romania, as well as those whose stay is in the interest of the Romanian state, may receive long term residence right solely by fulfilling the condition of not representing a threat for the public order or the national security. 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. The refusal to grant long-term residence rights can be appealed within 30 days from the communication to the Court of Appeal. 5. Business visa / long term residence permit. No special rules pertaining to the granting of citizenship on the basis of a residence permit obtained by an investor. The duration of residence permit is usually two or three years which can can be prolonged. You can do this through an initiative called residency-by-investment, also popularly referred to as the Golden Visa Program. ▪ you have a right of continuous residence in Romania in the last 5 years preceding the application, as follows: • your period of absence from the Romanian territory is less than 6 consecutive months and does not exceed 10 months in total; • no measure of removal from the national territory was disposed against you. All Rights Reserved. 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. 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. 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. In addition they must meet the following. The implementation of direct investments for the purpose of obtaining a passport goes through a specialized company approved by the Government of Romania. AVA Georgia, legally provides diverse services in the field of real estate, investment, and residence in Georgia. Depending on its type and the reason, upon which it has been issued, it may also allow or prohibit other activities, such as conducting business. 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. Romanian Photovoltaic - Wind Farms Romania, Lawyers and the legal profession in Romania, The separation of property regime in Romania, Recognition of foreign judgments in Romania, Recognizing a foreign judgement in Romania, The Civil International Trials in Romania, Enforcement of a final judgement in Romania, The International jurisdiction of Romanian Courts, The recourse in the interest of law in Romania, Eviction from used/occupied building without right, The procedure for the declaration of death, Public auctioning of movable property in Romania, The use and exercise of procedural rights Romania, Data Protection and GDPR lawyers in Romania, Amendments and completions of Law no. 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. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. After 5 years of uninterrupted living. The naturalization time is reduced by half for citizenship, if the foreigners invest atleast EUR 1 million or more under the currently citizenship legislation. To apply for a short-term residence permit, foreigners who own real estate in Turkey or intend to establish a business or business connections in Turkey must submit the following documents to the relevant Provincial Directorate of Immigration Administration (Göç İdaresi) once an application is submitted through the e-residence system. unrestricted. EUR 330,000, subject to EU state aid legislation. A residence permit in Romania is possible to acquire in several ways. €100,000 (no limits) Qualifying investments. 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. 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. 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. Visa type. SERVICE AREAS. Then comes a temporary residence permit, if one is employed or gets enrolled as a student. • in case of a long-term residence permit obtained in another State; • during the absence from the Romanian territory for a period exceeding 12 consecutive months, 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 for a period of more than 6 consecutive years, even though during this period you were the beneficiary of a right of temporary residence in a member state of the European Union; • by acquiring Romanian citizenship or in case of absence from the territory of the Member States of the European Union, the European Economic Area or of the Swiss Confederation for more than 2 consecutive years by the person whom has a long term residence right, owner of a long term residence permit with the mention "Former EU Blue Card holder", or members of his family who have been granted the long-term resident status. 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. Once granted permanent residence, the foreigner must maintain a continuous physical residence, otherwise the right to permanent residence will cease; the foreigner must not be granted permanent residence in another country, must not be absent from the Romanian territory for more than 12 consecutive months. 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. All foreign nationals need to apply for a temporary residence permit if they plan to stay in Romania for 120 days or more. 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. 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). Temporary Residence Permit. 48%. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. The most popular part of Greece for the real estate investment is … Our platform is free to use and we do not charge any fee to clients. What do you do when your PFA exceeds the VAT cap? 61 Unirii Boulevard, Bl. The authorized agent provides the investor with advice on the most favorable investment activities, with due regard … If you need a reliable team of lawyers in Romania to help you in this matter, do not hesitate to contact our team. Puerto Rico. 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 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. 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. 208, District 3, 030828, Bucharest. 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