Romania, a captivating country in Southeastern Europe, is known for its rich history, stunning landscapes, and vibrant culture. Nestled within the Carpathian Mountains, Romania offers a diverse tapestry of experiences, from medieval castles and charming villages to bustling cities and pristine wilderness. With a legacy that blends Eastern and Western influences, Romania presents a unique blend of traditions, making it an intriguing destination for both travelers and those seeking to call it home. Explore the scenic wonders, delve into centuries of history, and discover the warmth of Romanian hospitality in this diverse and welcoming nation.
Program Overview
The Romanian Residency by Investment Program invites global investors, offering flexibility in their contributions through various investments. Romania doesn’t just grant residency but is also expected to join the Schengen Zone for easier European travel. This program not only provides a transactional opportunity but a transformative one, enhancing residents’ quality of life.
Program Benefits
- Gateway to Europe: While not yet part of the Schengen Zone, Romania appears poised to facilitate travel across numerous European countries.
- Economic Momentum: Embrace Romania’s rapidly growing economy, spotlighted by its diverse and thriving sectors.
- Diverse Investment Opportunities: Romania offers a variety of investment avenues, each designed for investor comfort.
- Emerging Tech Center: With a digital revolution in full swing, investors can tap into Romania’s thriving tech industry.
- Competitive Advantage: Harness Romania’s young, skilled, and multilingual workforce, poised to drive businesses forward.
- Cultural Wealth: Beyond business, immerse yourself in a melting pot of traditions, history, and the arts – a life steeped in European elegance.
- Strategic Location: Situated at the crossroads of East and West, Romania offers logistical benefits for businesses targeting a pan-European audience.
- Transparent Processes: The program ensures a clear and streamlined application process, providing peace of mind for global investors.
- High Living Standards: Experience top-notch healthcare, education, and infrastructure, enhancing the quality of life for residents.
Program Qualifications
For a successful Romania residence permit application, you must assemble a thorough set of documents. To facilitate the application process, make sure you have the following:
- A valid passport (or an equivalent travel document).
- Verification of your investment or full ownership in a company.
- Authentic documents verifying your residential status, whether through property ownership or a validated rental agreement.
- Documentation demonstrating sufficient financial means to support yourself during your stay.
- Proof of health insurance.
- A health certificate from a recognized medical institution confirming your health poses no public risk.
- A receipt or evidence of payment for the residence permit fee.
Types of Investments and Fees
- Real estate: Invest at least €250,000 in Romanian real estate.
- Government bonds: Invest at least €500,000 in Romanian government bonds.
- Company investment: Invest at least €500,000 in a new or existing Romanian company.
It is important to note that these are the minimum investment requirements. Applicants may also need to pay additional fees, such as government application fees, legal and professional fees, and medical examination fees. The total cost of obtaining Romanian residency through investment will vary depending on the investment option chosen and the individual applicant’s circumstances.
Fees:
| Visa type | Fee |
| Real estate investment | €250,000 |
| Government bond investment | €500,000 |
| Company investment | €500,000 |
Additional fees
In addition to the investment amount, applicants for Romanian residency through investment may also be required to pay the following fees:
Government application fee: €100 |
Legal and professional fees: Variable |
Medical examination fee: Variable |
Police clearance certificate fee: Variable |
FAQs
What is the Romanian Residency by Investment program all about?
The Romanian Residency by Investment program offers foreign nationals a pathway to secure a residence permit in Romania through significant contributions or investments in the nation’s economy. This program also paves the way for investors to potentially attain Romanian citizenship.
How can foreign nationals apply for a Romania investment visa under this program?
Foreign nationals can apply for a Romania investment visa based on their roles in a company, either as shareholders or associates engaged in substantial economic or commercial activities that align with their intended business activities in Romania.
What’s the minimum investment required for this program?
The minimum investment varies depending on the investor’s role. Company directors are required to invest a minimum of €50,000, primarily in real estate or technology. Shareholders in a limited liability company must also invest €50,000, while those involved with a joint-stock company are subject to a minimum investment of €70,000.
Can family members take advantage of the Romanian Residency by Investment program?
Yes, the family members of the principal investor can also participate in the program, and they too have the opportunity to follow the path toward Romanian citizenship by fulfilling the necessary residency conditions.
What are the subsequent steps after obtaining a residence permit for those seeking Romanian citizenship?
After obtaining the initial residence permit, one must maintain temporary resident status for five years, followed by three years as a permanent resident. Once these conditions are met, individuals can apply for Romanian citizenship.
Is learning the Romanian language a requirement for obtaining the residence permit?
Yes, for a permanent residence permit, demonstrating a satisfactory understanding of the Romanian language is crucial. This proficiency in the language strengthens the application process for individuals progressing toward Romanian citizenship.
Are there corporate tax exemptions linked to the Romanian Residency by Investment program?
The program primarily focuses on residency and citizenship pathways. Any potential corporate tax exemptions are contingent on individual business cases and the location of the investment.
Do the requirements differ for US, Canadian, Japanese, or Swiss citizens?
While these specific nationalities have certain exemptions from standard requirements regarding investment, job creation, and means of subsistence, they are still required to become shareholders or associates in a Romanian company, arrange accommodation, and undergo medical assessments to obtain the residence permit.
Is the residence permit a one-time application process?
No, the initial residence permit is valid for one year but can be renewed annually, provided that the minimum investment and other requirements within the company are maintained.
Make Romania your second home
Visa-Free Countries
POPULATION:
19,144,163
GDP (per capita):
$18,887 (PPP)
GDP (purchasing power parity):
$710 billion (PPP)
CAPITAL CITY: Bucharest
TIME ZONE: UTC+2 (Eastern European Summer Time)
TOTAL AREA: 238,397 square kilometers
LANGUAGES: Romanian (official), Hungarian, German, Roma
CURRENCY: Romanian leu (RON)
MAIN INDUSTRY: Agriculture, machinery, electronics, and textiles
SCHENGEN/ EU: Yes
KEY ADVANTAGES
- Affordable Living: Romania offers a low cost of living, making it budget-friendly for residents.
- Scenic Diversity: Romania’s landscape offers diverse outdoor activities like hiking, skiing, and beach visits.
- Cultural Richness: Romania’s rich heritage includes historic sites, festivals, and traditional cuisine for a culturally vibrant experience.
PROGRAM MATCH
Compare the different programs in a nutshell and discover their features
PROGRAM COST
Check the cost estimates for each offered program
PROGRAM MAP
Explore the power of global mobility for every passport in the world
Disclaimer
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.