A Residency by Investment Program refers to a process wherein investors can obtain permanent residency in a second country by acquiring a residence permit within a few months. This program typically requires an investment or donation. In simpler terms, it can be seen as a business transaction where investors make an investment, and in return, they receive citizenship or residency rights. Some people call it a “Golden Visa,” while others view it as a means of achieving “visa-free travel.”

Several key benefits are associated with obtaining a second residency permit or card. These benefits include visa-free travel, relief from tax burdens, enhanced privacy and freedom, access to investment opportunities, political diversification, and increased security.

The timeline for acquiring residency varies depending on the nationality laws of each country. These programs are particularly popular among investors who do not necessarily intend to permanently relocate to the new country. The choice of the best residency through an investment program ultimately depends on individual investment goals and personal preferences.