Citizenship & Residence by Investment Programmes
Residence and citizenship by investment programmes provide structured immigration routes for individuals, families, entrepreneurs and investors seeking residence, permanent residence or citizenship through qualifying investment or economic contribution.
Global Residence and Citizenship by Investment
Residence and citizenship by investment programmes provide individuals, families, entrepreneurs and investors with structured immigration routes linked to qualifying investment or economic contribution. Hudson McKenzie advises clients on residence by investment, permanent residence, citizenship by investment and investor immigration programmes across Europe, the Middle East, the Caribbean, Asia-Pacific, Africa and the Americas.
Investment migration is a highly regulated and constantly changing area of international immigration law. Minimum investment thresholds, qualifying investments, holding periods, eligibility requirements, due diligence procedures and programme availability can change without notice.
As at September 2026, a number of countries operate established investment migration programmes, while others have introduced investor residence routes designed to attract international capital, entrepreneurs and high-net-worth individuals.
Residence & Citizenship by Investment Programmes
What is Residence & Citizenship by Investment?
What is Residence by Investment?
Residence by investment allows a qualifying foreign national to obtain a residence permit by making an approved investment or economic contribution.
Depending on the country and programme, investment may include:
- Real estate acquisition
- Investment funds
- Government bonds
- Bank deposits
- Business investment
- Capital investment
- Creation of employment
- Investment in approved economic projects
- Contributions to government or development funds
- Investment in strategic sectors
Residence may initially be temporary, renewable or permanent. Some programmes provide a direct route to permanent residence, while others allow permanent residence or citizenship to be pursued after a specified period subject to additional legal requirements.
What is Citizenship by Investment?
Citizenship by investment allows eligible applicants to obtain citizenship following an approved investment or contribution and completion of the government's due diligence and eligibility procedures.
Unlike residence programmes, citizenship programmes can result in nationality and access to a passport without requiring the applicant to establish their principal home in the country, although residence, visit and other obligations vary between programmes.
Citizenship by investment is currently available in a smaller number of jurisdictions than investor residence.
Citizenship by Investment Programmes
Caribbean Citizenship by Investment
The Caribbean remains one of the principal regions for established citizenship by investment programmes.
Antigua and Barbuda
Antigua and Barbuda operates a citizenship by investment programme with several qualifying investment routes. Current options include:
- A minimum US$230,000 contribution to the National Development Fund
- Approved real estate investment from US$300,000, subject to the applicable holding period
- Qualifying business investment
- A contribution to the University of the West Indies Five Islands Fund from US$260,000
Government processing, due diligence and other applicable fees are additional.
Dominica
Dominica operates a long-established Citizenship by Investment Programme through:
- A contribution to the Economic Diversification Fund
- Investment in approved real estate
The current minimum investment starts at US$200,000, with the applicable amount depending on the investment route and family circumstances.
Grenada
Grenada operates a citizenship by investment programme offering qualifying applicants investment-based routes to citizenship, subject to government due diligence and eligibility requirements. Available investment structures include approved real estate and government-approved contribution routes.
Saint Kitts and Nevis
Saint Kitts and Nevis operates a citizenship by investment programme with several approved investment routes, including:
- Sustainable Island State Contribution from US$250,000
- Public Benefit Option from US$250,000
- Developer's Real Estate Option from US$325,000
- Private Real Estate Option from US$325,000 for qualifying condominium interests or US$600,000 for qualifying private residential property
Applicants are subject to due diligence and a mandatory interview.
Saint Lucia
Saint Lucia operates a Citizenship by Investment Programme providing qualifying applicants with several investment routes, including approved contributions, enterprise investment, government bonds and approved real estate. The applicable investment requirement depends on the route selected and the applicant's family circumstances.
Citizenship by Investment Outside the Caribbean
Türkiye
Türkiye operates an established citizenship by investment framework. A principal route is the acquisition of qualifying real estate with a minimum value of US$400,000, subject to a three-year restriction on disposal.
Other qualifying routes include:
- Fixed capital investment of at least US$500,000
- Bank deposits of at least US$500,000
- Government bonds of at least US$500,000
- Qualifying real estate or venture capital investment fund interests of at least US$500,000
- Qualifying private pension investment of at least US$500,000
- Creation of employment for at least 50 people
The relevant investment must satisfy the applicable regulatory requirements and be verified by the relevant Turkish authority.
Egypt
Egypt operates a citizenship by investment programme under which qualifying foreign investors can apply for Egyptian nationality through prescribed investment routes, including investment in approved projects, real estate, deposits and other qualifying economic contributions.
Jordan
Jordan operates an investment-based citizenship framework linked to qualifying economic investment. The programme includes investment in productive economic projects and the acquisition of new shares in qualifying businesses.
Nauru
Nauru operates the Economic and Climate Resilience Citizenship Programme, providing a framework under which foreign nationals may obtain citizenship through a qualifying contribution supporting economic and climate resilience.
Vanuatu
Vanuatu operates citizenship programmes for qualifying applicants making prescribed economic contributions, subject to government approval and due diligence.
Cambodia
Cambodia provides investment-related routes to Cambodian citizenship under its nationality framework, subject to prescribed investment or contribution requirements and government approval.
Sierra Leone
Sierra Leone is identified by the UK Government in 2026 as operating a citizenship by investment programme. Current eligibility, investment requirements and application procedures should be confirmed against the applicable legislation and government requirements.
São Tomé and Príncipe
São Tomé and Príncipe is also identified by the UK Government as operating a citizenship by investment programme. The programme should be assessed against current government requirements, including the applicable investment, due diligence and approval procedures.
Residence by Investment Programmes
Europe
Portugal Golden Visa
Portugal's Residence Permit for Investment Activity (ARI) remains an important European investment residence route. Current qualifying routes include:
- Creation of at least 10 jobs
- €500,000 investment in qualifying research activities
- €250,000 investment supporting artistic production or national cultural heritage
- Certain qualifying investment fund or company investment routes subject to the legislation in force
The Portuguese programme no longer provides the former direct real-estate Golden Visa route.
Greece Golden Visa
Greece operates a residence by investment programme with qualifying real estate and other permitted investment structures. The applicable real estate threshold depends on the location and nature of the investment.
Hungary Guest Investor Residence
Hungary operates a Guest Investor Residence Permit. Current qualifying routes include:
- At least €250,000 in qualifying real estate fund investment
- A qualifying donation of at least €1 million to an eligible higher education institution
Italy Investor Visa
Italy provides an investor visa and residence route for qualifying non-EU investors through investments in Italian companies, innovative start-ups, government bonds and philanthropic initiatives.
Latvia
Latvia operates investment-related residence routes, including qualifying investment in Latvian companies, real estate and other permitted structures.
Austria
Austria does not operate a conventional mass-market Golden Visa programme. It has a highly selective route under which residence and eventual citizenship may be available to individuals making a significant economic contribution or undertaking qualifying activities.
Switzerland
Switzerland provides residence options for certain high-net-worth individuals, entrepreneurs and investors, including arrangements based on cantonal taxation agreements where available.
Middle East
UAE Golden Visa
The UAE operates a long-term residence system including the Golden Visa. Investor routes include qualifying real estate investment and public investment structures. The UAE government states that an investor may qualify through property ownership with a total value of at least AED 2 million, subject to the applicable conditions.
Saudi Arabia
Saudi Arabia has developed a range of premium residency and investor-focused immigration routes. The Saudi Premium Residency framework provides qualifying foreign nationals with residence rights without the traditional employer sponsorship structure associated with standard employment iqamas.
Americas and Latin America
Panama operates a Qualified Investor Permanent Residence Programme with qualifying routes including:
- Real estate investment of at least US$300,000
- Investment of at least US$500,000 in qualifying securities
- A qualifying fixed-term bank deposit of at least US$750,000
Investment-related residence options are also available in various forms across Costa Rica, Mexico, Uruguay, Argentina, Paraguay, Brazil, Colombia, the United States and Canada.
Asia-Pacific and Africa
Investment migration options are available across Malaysia, Thailand, Singapore, Hong Kong, Australia, New Zealand and Nauru.
Africa also offers investment migration and investor residence options, including Mauritius, Egypt, South Africa, Namibia and São Tomé and Príncipe.
Mauritius, for example, provides investor residence and occupation permit routes. An investor who invests at least US$375,000 in a qualifying business activity can be eligible for a 20-year residence permit, subject to the applicable requirements.
What Investors Should Consider
Selecting an investment migration programme involves considerably more than comparing the headline investment amount. Hudson McKenzie assesses the wider immigration and legal position, including:
Immigration objectives
Whether the objective is residence, permanent residence, citizenship, family relocation, international mobility, business expansion, access to a particular market, education for children or long-term succession and family planning.
Investment requirements
The investment may involve property, government funds, investment funds, companies, government bonds, bank deposits, employment creation, national development funds or strategic economic projects.
Family eligibility
The definition of an eligible dependant varies significantly between countries. It may include spouses, civil partners, dependent children, adult children in education, parents, grandparents or other qualifying relatives.
Physical presence
Some programmes have minimal residence requirements, while others require substantial physical presence. This can be particularly important where the applicant intends to use residence as a potential route towards permanent residence or citizenship.
Tax residence
Immigration residence and tax residence are different legal concepts. Obtaining an investor residence permit does not automatically determine an individual's tax residence. International investors should obtain separate tax advice before changing residence, domicile, investment structures or family arrangements.
Source of funds and due diligence
Investment migration programmes generally involve detailed source-of-funds and source-of-wealth checks. Applicants may also be subject to government due diligence, background checks, police certificates, identity verification, financial checks and other screening. A qualifying investment does not guarantee approval.
Why Hudson McKenzie?
Hudson McKenzie provides immigration and international mobility advice to individuals, families, entrepreneurs and investors considering residence and citizenship by investment.
Our support can include:
- Assessing eligibility
- Reviewing investment and immigration requirements
- Advising on documentation
- Assessing family eligibility
- Reviewing source-of-funds requirements
- Supporting immigration applications
- Advising on longer-term residence and citizenship objectives
Where tax analysis is required, Hudson McKenzie can work alongside appropriately qualified tax advisers to consider the tax consequences of a proposed immigration or investment strategy.
Disclaimer: The information provided on this page is for general guidance only and does not constitute legal or tax advice. Investment migration programmes, eligibility requirements, investment thresholds and immigration rules can change. Applicants should obtain advice based on their individual circumstances and the rules applicable at the time of application.
Global Residence & Citizenship by Investment: Frequently Asked Questions
A Golden Visa is a general term commonly used for an investment-linked residence programme. The applicant normally obtains residence by making a qualifying investment.
As at September 2026, countries identified as operating citizenship by investment programmes include Antigua and Barbuda, Dominica, Grenada, Saint Lucia, Saint Kitts and Nevis, Egypt, Jordan, Türkiye, Cambodia, Nauru, Vanuatu, Sierra Leone and São Tomé and Príncipe.
Residence by investment or investor residence programmes exist in various forms across Europe, the Middle East, the Americas, Asia-Pacific and Africa. Examples include Greece, Portugal, Hungary, Italy, Latvia, Austria, Switzerland, the UAE, Saudi Arabia, Panama and Mauritius. The eligibility criteria and investment thresholds are different in every jurisdiction.
Potentially, but not automatically. Some residence programmes can provide a pathway to citizenship after a prescribed period of lawful residence and satisfaction of nationality requirements. Other Golden Visa programmes do not provide a direct or guaranteed route to citizenship.
Not generally. A small number of countries provide citizenship routes linked to qualifying property investment. Türkiye, for example, permits qualifying foreign investors to apply for citizenship following acquisition of real estate meeting the applicable US$400,000 threshold and three-year holding restriction.
Many other countries permit property investment only for residence purposes, while some no longer permit real estate to qualify at all.
No. Investment is only one part of the eligibility process. Applicants may also need to satisfy government due diligence, source-of-funds, criminal-record, health, identity, family and other requirements.
It depends on the programme. Some investor residence programmes have relatively limited physical-presence requirements, while others require substantial residence. Citizenship programmes can have different requirements again.
Many programmes allow qualifying spouses and children to be included. Some also allow parents or other relatives. The definition of a dependant varies between jurisdictions.
There is no single global minimum. Current programmes range from government contributions and investments in the low hundreds of thousands of US dollars or euros to substantially larger business, capital or economic investments. Government fees, due diligence fees, professional fees, property costs, taxes and other expenses may also apply.
Yes. European investor residence programmes continue to operate in several jurisdictions, although the structure of European investment migration has changed significantly. Portugal, Greece, Hungary, Italy, Latvia and other jurisdictions provide different forms of investor or investment-linked residence.

