10 Affordable Second Residency Programs Anyone Can Get
20 Jun
Here are ten easy and affordable second residency programs that almost anyone can apply for:
Europe:
- Portugal - D7 Visa
- Ideal for retirees or individuals with passive income. Requires proof of sufficient income to sustain living expenses (around €8,460 per year for the main applicant).
- Greece - Financially Independent Person (FIP) Visa
- Requires proof of sufficient income (around €2,000 per month). No investment needed.
- Spain - Non-Lucrative Visa
- Suitable for retirees and non-working individuals. Requires proof of sufficient funds (approximately €27,115 per year) and health insurance.
- Latvia - Temporary Residence Permit
- Obtainable through investing in a company (minimum €14,000) or by starting a business.
Americas:
- Panama - Friendly Nations Visa
- Available to citizens of specific countries. Requires a small investment or establishing a business in Panama (around $5,000).
- Mexico - Temporary Resident Visa
- Requires proof of sufficient income or savings (around $2,200 monthly income or $35,000 in savings). Can lead to permanent residency.
- Costa Rica - Pensionado Program
- For retirees with a guaranteed lifetime pension. Requires proof of a monthly income of at least $1,000.
- Nicaragua - Pensionado Program
- For retirees with a guaranteed lifetime pension. Requires proof of a monthly income of at least $600.
- Paraguay - Permanent Residency
- Requires a bank deposit of around $5,500 in a Paraguayan bank. No continuous stay requirement.
- Ecuador - Pensioner Visa
- For retirees with a guaranteed lifetime pension. Requires proof of a monthly income of at least $800.
These programs generally require relatively low financial commitments and have straightforward application processes, making them accessible to a broad range of individuals seeking a second residency.
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