Residency (RBI) – Dall and Partners

9 Sovereign Golden Visas

Residency by Investment (RBI)

Golden Visas and long-term residency permits granted through real estate, venture funds, or enterprise investments.

Residency by Investment programs offer high-net-worth investors legal residency status in prime European and Eurasian destinations, granting visa-free Schengen movement, premier healthcare, and future naturalization pathways.

CATEGORY · FLAGSHIP · BENCHMARK

Greece Golden Visa Program

€250,000 EUR or Capital Qualifying Route

Greece Golden Visa Program

The Greek Golden Visa grants a renewable 5-year permanent residence permit to third-country nationals who invest in Greek real estate or approved capital instruments, extending full residency rights to three generations of the family.

STATUTORY THRESHOLD

€250,000

PROCESSING TIME

4–8 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Portugal Golden Visa (ARI)

€500,000 EUR or Capital Qualifying Route

Portugal Golden Visa (ARI)

The Portugal Golden Visa (Autorização de Residência para Atividade de Investimento – ARI) enables non-EU investors to acquire Portuguese residency by subscribing €500,000 to qualifying CMVM-regulated venture capital or private equity funds.

STATUTORY THRESHOLD

€500,000

PROCESSING TIME

12–18 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Hungary Guest Investor Program (Golden Visa)

$105,000 USD or Capital Qualifying Route

Hungary Guest Investor Program (Golden Visa)

Revived under Act XC of 2023 on the General Rules for the Entry and Right of Residence of Third-Country Nationals, the Hungary Guest Investor Program grants a 10-year European residency permit through a €250,000 investment in registered real estate fund units.

STATUTORY THRESHOLD

€250,000

PROCESSING TIME

3–6 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Italy Investor Visa (Dolce Visa)

€250,000 EUR or Capital Qualifying Route

Italy Investor Visa (Dolce Visa)

The Italy Investor Visa grants a 2-year residence permit (renewable for 3 years) to foreign nationals who invest in Italian enterprises, startups, government bonds, or philanthropic projects.

STATUTORY THRESHOLD

€250,000

PROCESSING TIME

2–4 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Malta Permanent Residence Programme (MPRP)

€10,000 – €12,000/yr (5 years) + €98,000 Fees or Capital Qualifying Route

Malta Permanent Residence Programme (MPRP)

The Malta Permanent Residence Programme (MPRP) grants qualifying third-country nationals immediate, irrevocable permanent residence rights across Malta and visa-free access throughout the European Schengen Area.

STATUTORY THRESHOLD

€100,000 (Estimated Total Outlay)

PROCESSING TIME

4–6 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Montenegro Residency by Real Estate

Market Price (e.g. €70,000 – €250,000+) or Capital Qualifying Route

Montenegro Residency by Real Estate

Under the Montenegrin Foreigners Act (Zakon o strancima), foreign nationals who own residential or commercial real estate in Montenegro are entitled to an annually renewable temporary residence permit (Boravak).

STATUTORY THRESHOLD

No Statutory Minimum (Typically €60,000+)

PROCESSING TIME

1–2 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Bosnia and Herzegovina Residency by Property / Business

€1,000 EUR share capital or Capital Qualifying Route

Bosnia and Herzegovina Residency by Property / Business

Foreign nationals can secure temporary residency in Bosnia and Herzegovina by acquiring residential property or by registering a local business enterprise (d.o.o.).

STATUTORY THRESHOLD

No Statutory Minimum

PROCESSING TIME

1–3 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Turkey Real Estate Residency Permit (İkamet)

$200,000 USD or Capital Qualifying Route

Turkey Real Estate Residency Permit (İkamet)

Foreigners who acquire residential real estate in Turkey with a registered sale price and official appraisal of at least $200,000 USD qualify for a renewable short-term residence permit under Article 31 of Law No. 6458.

STATUTORY THRESHOLD

$200,000

PROCESSING TIME

2–3 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

CATEGORY · FLAGSHIP · BENCHMARK

Latvia Golden Visa

€50,000 EUR or Capital Qualifying Route

Latvia Golden Visa

With a business investment starting from just €50,000, the Latvia Golden Visa—part of the Latvia residence by investment program—offers one of the most accessible pathways to European residency, granting 5-year renewable status and visa-free travel across 29 Schengen Area countries for the primary applicant, spouse, and children.

STATUTORY THRESHOLD

€50,000

PROCESSING TIME

1–3 Months (Verified Q3 2026)

DUAL CITIZENSHIP / PR

Schengen Area Permanent PR

Active Sovereign Programs (4)

Verified statutory regulations, minimum investment thresholds, and processing schedules.

🇬🇷

Greece

Greece Golden Visa Program

Qualifying Outlay

€250,000

Processing Time

4–8 Months

Physical Stay Obligation

Zero physical stay requirement

🇵🇹

Portugal

Portugal Golden Visa (ARI)

Qualifying Outlay

€500,000

Processing Time

12–18 Months

Physical Stay Obligation

7 days per year (14 days every 2 years)

🇭🇺

Hungary

Hungary Guest Investor Program (Golden Visa)

Revived under Act XC of 2023 on the General Rules for the Entry and Right of Residence of Third-Country Nationals, the Hungary Guest Investor Program grants a….

Qualifying Outlay

€250,000

Processing Time

3–6 Months

Physical Stay Obligation

No physical residence requirement

🇮🇹

Italy

Italy Investor Visa (Dolce Visa)

The Italy Investor Visa grants a 2-year residence permit (renewable for 3 years) to foreign nationals who invest in Italian enterprises, startups, government bonds, or philanthropic projects.

Qualifying Outlay

€250,000

Processing Time

2–4 Months

Physical Stay Obligation

No physical residence requirement

🇲🇹

Malta

Malta Permanent Residence Programme (MPRP)

The Malta Permanent Residence Programme (MPRP) grants qualifying third-country nationals immediate, irrevocable permanent residen…

Qualifying Outlay

€100,000 (Estimated Total Outlay)

Processing Time

4–6 Months

Physical Stay Obligation

No physical residence requirement

🇲🇪

Montenegro

Italy Investor Visa (Dolce Visa)

The Italy Investor Visa grants a 2-year residence permit (renewable for 3 years) to foreign nationals who invest in Italian enterprises, startups, government bonds, or philanthropic projects.

Qualifying Outlay

€250,000

Processing Time

2–4 Months

Physical Stay Obligation

No physical residence requirement

🇧🇦

Bosnia and Herzegovina

Bosnia and Herzegovina Residency by Property / Business

Foreign nationals can secure temporary residency in Bosnia and Herzegovina by acquiring residential property or by registering a local business enterprise (d.o.o.).

Qualifying Outlay

No Statutory Minimum

Processing Time

1–3 Months

Physical Stay Obligation

Physical presence required

🇹🇷

Turkey

Turkey Real Estate Residency Permit (İkamet)

Qualifying Outlay

$200,000

Processing Time

2–3 Months

Physical Stay Obligation

Flexible physical stay

🇱🇻

Latvia

Latvia Golden Visa

With a business investment starting from just €50,000, the Latvia Golden Visa—part of the Latvia residence by investment program—offers one of the most accessible pathways to…

Qualifying Outlay

€50,000

Processing Time

1–3 Months

Physical Stay Obligation

No physical residence obligation or full-time stay required

STATUTORY COMPARISON

Comprehensive Residency by Investment (RBI) Jurisdiction Schedule

Direct comparison of statutory thresholds, holding criteria, and processing schedules.

Jurisdiction

Program Name

Minimum Outlay

Processing Time

Physical Stay

🇬🇷

Greece

Greece Golden Visa

€250,000

4–8 Months

Zero physical stay requirement

🇵🇹

Portugal

Portugal Golden Visa

€500,000

12–18 Months

7 days per year (14 days every 2 years)

🇭🇺

Hungary

Hungary Guest Investor

€250,000

3–6 Months

No physical residence requirement

🇲🇹

Malta

Malta MPRP

€100,000

4–6 Months

No physical residence requirement

🇲🇪

Montenegro

Montenegro Residency

No Statutory Minimum (Typically €60,000+)

1–2 Months

Must not be absent more than 30 consecutive days (or 90 days with notice)

🇧🇦

Bosnia and Herzegovina

Bosnia Residency

No Statutory Minimum

1–3 Months

Physical presence required

🇹🇷

Turkey

Turkey RBI

$200,000

2–3 Months

Flexible physical stay

🇱🇻

Latvia

Latvia Golden Visa

€50,000

1–3 Months

No physical residence requirement

🇮🇹

Italy

Italy Investor Visa

€250,000

2–4 Months

No physical residence obligation or full-time stay required

INSTITUTIONAL DUE DILIGENCE

Fiduciary Standards & Escrow Account Security

Phone Wizard Consultancy Firm enforces rigorous anti-money laundering (AML) and source-of-wealth vetting prior to committing client funds, protecting your family’s legal standing and capital security.

01 · Pre-Vetting Vouching

Preliminary Due Diligence

We perform comprehensive preliminary compliance vetting before you commit any non-refundable government fees or title deposits.

02 · Capital Security

Regulated Escrow Accounts

Client capital is held in tier-one bank escrow accounts released strictly upon verified title deed registration or gazetted naturalization.

03 · Multilingual Counsel

Dedicated Practice Leads

Direct access to registered advocates and private client coordinators in Dallas, Lisbon, Athens, and Istanbul throughout your journey.

CALL US ANYTIME

+923456789101

SEND CONFIDENTIAL MAIL

inquiry@dall.com

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