Do you wish to move to Europe but not necessarily to a Member State of the European Union? Let's look at the available choices where you can become a resident through an affordable investment.

United Kingdom

The UK left the EU in 2020 after 47 years of membership. Subsequently, they changed their residency through an investment program structure. Since then, the leading investors' immigration scheme has been Tier 1.

UK Tier 1 Innovator Founder Visa

The requisite of the Tier 1 Visa is to set up and run an innovative business. In this case, innovation means something different from anything else on the market, according to the official site. The eligibility requirements are simple:

• You can't join a business that is already trading
• Innovative idea
• Must be endorsed by an approved "endorsing body."
• Growth potential
  
  

The authorities issue your visa for three years and will check your activity after 12 and 24 months. There is no limit on how many times you can extend your Tier 1 visa. Obtaining the UK Innovator Visa is fast: three weeks from outside the UK and eight weeks if you are in the United Kingdom. 

Another UK residency option is the "Representative of an Overseas Business Visa."

Investors and representatives of overseas companies who set up a UK branch or subsidiary for an overseas company can apply. First, you will obtain a residence permit, and then, after 5 years, you will obtain permanent resident status. Click here for the details!

Switzerland residency programs

Switzerland is in the middle of the European Union and is a member state of the Schengen Agreement. This means that they have all the advantages of the European Union but have managed to keep their sovereignty from the bloc.

You have two quick options to become a resident in Switzerland. Register an innovative joint-stock company and invest 1-6 million Swiss francs. You should also create jobs and be employed by the company according to the local laws and regulations.

The second option is the so-called "Tax Agreement". In this case, you must close an agreement with the tax authority of one of the 26 Swiss cantons. You do not need to register a Swiss business or do your activity there. However, the tax authority will ask for a fixed annual amount between 300,000 to 1,000,000 Swiss francs as a flat tax. Discus Holdings Ltd is one of the most traditional immigration service providers in Switzerland; click here for the details!

Residency in Monaco for Financially Independent persons

The Principality of Monaco is not a member state of the European Union. However, it maintains a close relationship with the EU through several agreements with France. The official currency is the Euro, and it is part of the common customs and VAT area.
High-net-worth individuals can quickly become residents of the Principality.
The requisites of becoming a resident in Monaco:

• Deposit a significant amount in a local bank
• Prove that you have funds in a bank outside of Monaco
• Prove a steady income outside of the Principality
• Purchase or rent as residential property in Monaco.

Do you wish to move to Europe? Contact us for a consultation to discuss all the best solutions for you!

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