The permit can be changed to permanent residency permit after the five-year period of residence. pension-€12,000. 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. ▪ you can prove that you dispose of the necessary means of subsistence reaching the level of the national minimum net salary, except for the foreigners who are family members of Romanian citizens; ▪ you prove to have a social health insurance; ▪ you prove to legally hold a housing space. This type of visa is granted, on the grounds of the prior endorsement of the Romanian Center for the Promotion of Foreign Investments, to third-country nationals who are or will become shareholders or associates, in management and administration positions, within companies which have legal personality in Romania. 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. ▪ knowledge of the Romanian language at least at a satisfactory level; ▪ you do not represent a threat for the public order or national security. 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. 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. EUR 330,000, subject to EU state aid legislation. Romania offers citizenship and residency to foreign investors who commit to invest in Romanian businesses and job creation. The Golden Visa gives you the option to obtain a higher-ranking second passport, but usually at a bigger cost. 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. Best Citizenships is now a part of Yellow network, “Very honest and professional service. 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. 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. Residence permit document in Romania. Portugal. 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. Invest for residency in europe. 6. retired. Please reach out for information on how to open a company in Romania. 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. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. 61 Unirii Boulevard, Bl. 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. Each residency by investment scheme offers different investment options and the required investment amount varies for each program. We are happy to hear you want to permanently move to our country. 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. 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. Residency by Investment Programs allow permanent and temporary residence permits for a certain amount of investment. If you need a reliable team of lawyers in Romania to help you in this matter, do not hesitate to contact our team. Investment name. “Thank you for your excellent service. Temporary Residence Permit. entrepreneurship--48%. An investment of €500,000 will get you a residence permit in this country. Temporary Residence Permit. 6. person of independent means. Permanent residency. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. After 5 years of uninterrupted living. The refusal to grant long-term residence rights can be appealed within 30 days from the communication to the Court of Appeal. The long-term residence permit is granted for a period of 10 years in case you are a family member of a Romanian citizen or a period of 5 years if the purpose of your stay falls under those provided by law. ; Incentives for investment in certain sectors (production, logistics, service centres, R&D, tourism, film production, sports, etc. 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). Call the experts at our law firm in Romania for a free consultation. A residence permit in Romania is possible to acquire in several ways. Permanent. Proof of investment can be made with certificates issued by the Trade Registry, certificates from the tax authorities and financial evaluation reports prepared by certified accountants. If the request is approved, within 30 days from receiving the notification you must submit the following documents attached to the application for issuing the long-term residence permit: • documents regarding the border crossing; • justifying documents regarding the housing space; •  access on the labor market, without work permit, based on an individual labor contract approved by the Labour Inspectorate; •  access to all forms and levels of education and professional training including to granting of scholarships, validation of studies and recognition of diplomas , certificates, competence attestations and professional qualifications; •  social security, social assistance and protection; •  tax deductions on global income and tax exemptions; •  access to public goods and services including obtaining of dwellings; •  freedom to enter into associations, for affiliation and belonging to an union or professional organization. Business Immigration To Romania. 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 Temporary residency. What makes CBI online platforms so popular? A residence by investment program is another way of obtaining temporary and permanent residence when you are required to invest in a country of your future residence. Residence for financially independent person governed by provision of Article 44 of the aforementioned law. The naturalization time is reduced by half for citizenship, if the foreigners invest atleast EUR 1 million or more under the currently citizenship legislation. 48%. In addition, applicants must show proof of monthly income of EUR 500 (USD … Residence-by-Investment Overview. There is a reduced minimum investment of €350,000 for those who … 6. Business visa / long term residence permit. 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