Savory & Partners; How Residency By Investment Expands Your Children’s Education
DUBAIWATER, May 2, 2022 /PRNewswire/ — One of the most important jobs of a parent is to help their children realize their potential.
Residency by investment allows people to obtain a second residence by investing in a country’s economy, usually by buying real estate or bonds. However, the definition of investment here is much broader than you might think, because the investment is not just in a tangible asset such as an apartment or land, but rather in something much more important – in the future of your children.
By obtaining a second residence in another country, you (at least) double the opportunities and tools available to your children. Depending on the country you choose, your children will be able to pursue their passion and obtain all the means necessary for their success. But what if they could get an infinite amount of opportunities?
The golden visa and education
Now, if you were to obtain residency in the UK, for example, your children would have the chance to study and learn in one of the best education systems in the world. However, the UK is not the only country with an exceptional education and students remain in its field.
The EU, on the other hand, is a totally different perspective. Home to 28 different member states, it offers students something much bigger and much more diverse, while maintaining the high (if not even above) standard of education found in the UK.
Obtaining EU residency means unlocking the full range of EU opportunities. With global education powers such as Germany, Spain, Finland, Norway, The NetherlandsBelgium, Greece, Maltaand many more, your children will be spoiled for choice.
The good news is; getting residency in the EU has never been easier. Through investment residency programs, known as golden visas, a person can obtain a residence permit for themselves and their family by purchasing property in Portugal, Spain, Greece or Malta.
But how does it work? And what are the real benefits?
How Golden Visas Lead to Better Education
Obtaining a golden visa is easy; buy a property and obtain your residence permit. However, when it comes to unlocking the whole EU education system, it goes a little further than that.
For a student to be considered an EU domestic student, they must either have permanent residence in an EU country or have obtained EU citizenship. The latter, of course, opens more doors and offers greater benefits.
The golden visas offered in the countries of Greece and Spain, all issue residence permits to their holders without a fast track to citizenship. A person wishing to obtain nationality Latvia must reside there for five (5) consecutive years, while Greece requires a stay of seven (7) years, and Spain has the highest period of ten (10) years.
But it’s in Portugal and Malta where things get interesting. Both residency-by-investment programs have fast tracks to citizenship. Malta requires a full one (1) or three (3) year residence on the beautiful island, depending on the amount of investment, to obtain Maltese citizenship.
Portugalon the other hand, requires golden visa holders to live only seven (7) days a year for five (5) years in Portugal to apply for citizenship. Portugal also has an investment threshold below Maltamaking it one of the best options for those looking to obtain European citizenship easily and quickly.
The country also allows the addition of all financially dependent children of the applicant, which makes it much more holistic. Once a child obtains European citizenship, they have the possibility to pursue their passion in one of the 28 Member States without any obstacles.
Obtaining a golden visa allows your children to study in the country of residence as national students, giving them more opportunities and chances of success. However, if they become citizens, the benefits are much healthier.
EU citizens can choose which EU country they want to study in, giving them a wider range of options. An EU citizen is treated the same everywhere in the Union since, for example, a Portuguese national can pursue studies in Germany as a German national would.
This means that children can choose the programs and majors that suit them best. Portugal universities are known for their focus on science, technology, engineering, and math (STEM). Germany offers outstanding engineering and medical programs, while Spain has one of the best arts education systems in the world.
Greece is home to one of the best healthcare systems in the world, and this is reflected in its universities, while Ireland, which is becoming a major global hub for business, excels in offering management and entrepreneurship courses. The options are limitless and children can choose what and where they want to study.
Tuition fees and scholarships
Any EU citizen is considered a domestic student, which means they can pay lower tuition fees than if they were to study as an international student. Domestic students pay tuition fees sometimes as low as 50% of those of their international counterparts, but sometimes they don’t even have to pay anything.
Some countries, like Germany and Finland, charge no tuition fees, regardless of the student’s nationality. Others, like Ireland and Swedenhowever, are free for EU nationals, meaning a child with an EU passport has a higher chance of getting a free education.
Children with an EU passport can also apply for a wide range of scholarships reserved for EU citizens. But it’s not just about the money; these scholarships give children a privileged chance to attend certain programs at specific universities, which have even greater benefits in the future.
A greater experience
Education is only a springboard for children, because they will then have to perfect their craft. The EU offers endless opportunities in this regard, as unlike the UK, for example, EU students are free to roam 28 countries in search of internships and jobs.
Children can also choose or they want to learn, whether in bustling cities like Berlin or Madrid or more eco-responsible territories such as the Côte d’Azur or Port.
EU allows students to choose their major and find the best place to master their craft. Whether they go into medicine, engineering, computer science, agriculture, arts, business or anything else, the Union offers great opportunities for everyone.
Invest in your children today
To obtain a golden visa, simply contact us today to book a free, comprehensive consultation with one of our veteran immigration consultants. They will analyze your case and help you find the best options that fit your needs, your budget, your goal and that chart the best future for your children.
Savory & Partners is an accredited agent for several governments where citizenship by investment is offered. Founded in 1797, the agency has grown from pharmaceuticals to family assets and inheritance protection to second citizenship and residency. The firm’s professional, multinational staff is made up of expert advisors who have guided thousands of clients, including many North African investors, on their journey to find the most suitable CBI program for them. The Savory & Partners team will be happy to answer your requests in English, Arabic and French.
For more information, please email [email protected] You can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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SOURCE Savory & Partners