Which European countries have the cheapest Residence by Investment Programs in 2025?

What European countries have the cheapest Residence by Investment Programs in 2025? - Portugal Business News

Immigration News Europe – Here is the ranking of the European countries that have the cheapest Residence by Investment Programs with the best advantages, also known as golden visa programs, in 2025, according to information provided by Henley&Partners:

Ranking of European countries with the cheapest Residence by Investment Programs and the best advantages in 2025:

1 – Monaco

Monaco ranks No. 1 cheapest European Residence by Investment Program with the best advantages as it may confer an automatic temporary residence permit that is renewable indefinitely with no minimum investment.

• Monaco’s passport gives visa-free access to Europe’s 29 Schengen countries.

• Monaco has a favorable tax system, with no income, capital gains, or wealth tax

2 – Austria

Austria ranks 2nd cheapest European Residence by Investment Program with the best advantages as it may confer automatic EU citizenship through investment in a business.

• Under Austria’s citizenship by investment provisions, an applicant is required to invest in a business and to have around EUR 50,000 in liquid funds on a bank account, the amount of which will increase depending on the size of their family.

• Passive investments in government bonds or real estate, for example, do not qualify.

3 – Montenegro

Montenegro ranks 3rd cheapest European Residence by Investment Program with the best advantages as it may confer automatic residency with no minimum investment as long as the individual purchases an existing property.

• Montenegro uses the Euro currency and is a NATO member.

4 – North Macedonia

North Macedonia ranks 4th cheapest European Residence by Investment Program with the best advantages as it may confer automatic citizenship of North Macedonia through a minimum investment of EUR 200,000 in a private investment fund.

• Under this program, individuals can become citizens of North Macedonia within five months with no minimum residence period or language requirement to obtain citizenship.

• North Macedonia is an EU candidate, and its passport gives visa-free access to Europe’s 29 Schengen countries.

5 – United Kingdom

The United Kingdom ranks 5th cheapest European Residence by Investment Program with the best advantages as it may confer Permanent residence after three years through investment in an existing profitable business that has the potential to be scaled up, as long as the investor is an instrumental member of the business's founding team.

6 – Serbia

Serbia ranks 6th cheapest European Residence by Investment Program with the best advantages as it may confer Permanent residence after three years with no minimum investment requirement as long as property is purchased anywhere in Serbia.

• Another option is through investment with a minimum annual cost of EUR 6,000 via creating a company. Serbian residence by investment offers successful applicants and their families a streamlined path to permanent residence, with the option to apply for citizenship by naturalization.

• Serbia is in the process of applying for European Union membership, paving the way for future EU-related benefits for its citizens

7 – Latvia

Latvia ranks 7th cheapest European Residence by Investment Program with the best advantages as it may confer Permanent residence after three years with a minimum investment of EUR 60,000 + having a minimum income of EUR 15,480 per year for a single main applicant.

This amount is divided into an investment of EUR 50,000 into the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes) and a one-time payment of EUR 10,000 to the state budget.

• After five years of receiving the Latvian residence permit, the applicant may apply for a permanent residence permit.

• Latvia is one of the 29 Schengen countries for visa-free travel in Europe.

8 – Malta

Malta ranks 8th cheapest European Residence by Investment Program with the best advantages as it may confer Permanent residence in an EU country through a five-year lease of EUR 14,000 per year + the payment of Government fees of EUR 169,000.