Residency by Investment
Lithuania is emerging as an ideal destination for foreign investors to immigrate to, particularly due to its attractive geographical location and gateway to Europe. Other reasons include its stable economic environment and EU member status. Lithuania has a very low cost of living and good standards of education and health care. It boasts an excellent infrastructure to set up and develop businesses in, and is strategically situated to enable strong European and International business relations.
Lithuania investment immigration allows for an individual to gain permanent residence status by investing a set amount of money into the country the individual seeks residency in. Typically, the investment is in monetary form and must be funded into a pre-approved project of the country the applicant seeks residency in. The investment must also be beneficial to the economy’s growth. A temporary residence permit may be granted to businessman and their family members who start a company with a minimum capital share value of approximately EUR 28,000. After five years of temporary residency, an individual may apply for permanent residency, and may seek Lithuanian citizenship after ten years of combined temporary and permanent residency.
Lithuania allows for foreign nationals to apply for permanent residency where they are able and willing to invest money into the country for the benefit of the economy. Despite the country not adopting a specific investment immigration program, Lithuania’s immigration laws provide regulatory means by which a foreign national can obtain Lithuanian citizenship as a result of a large monetary investment.