With Spain officially ending its Golden Visa program on April 3, 2025, many investors are reevaluating their options for obtaining residency and citizenship in Europe. Spain’s decision, driven by concerns over housing market inflation and security risks, has left a gap in the European investment migration landscape. Fortunately, other countries continue to offer attractive programs for high-net-worth individuals seeking access to the European Union. In this guide, we explore the best options for investors, focusing on Greece, Hungary, Malta, Portugal, and Cyprus.
Greece’s Golden Visa: Affordable Entry with Long-Term Potential
- Minimum Investment: €250,000
- Processing Time: 2-4 months
- Citizenship Eligibility: After 7 years
Greece has long been a favorite for investors drawn to its Mediterranean charm and strategic location. The program’s entry point of €250,000, one of the lowest in Europe, allows investors to purchase real estate in thriving cities like Athens or picturesque islands such as Mykonos.
Why Invest in Greece?
- Affordable Threshold: With a €250,000 investment, Greece offers one of the most accessible Golden Visa programs.
- Booming Real Estate Market: The demand for short-term rentals, especially in tourist-heavy areas, ensures a strong return on investment.
- Quick Processing: Approval in as little as two months means investors can secure residency quickly.
- Access to EU Mobility: As a member of the Schengen Area, Greek residency allows visa-free travel across 26 European countries.
Considerations: Citizenship requires seven years of continuous residence, which might deter investors seeking a quicker route to a European passport.
Residence in Hungary: Speed and Simplicity
- Minimum Investment: €250,000
- Processing Time: 2-3 months
- Citizenship Eligibility: After 8 years
Hungary stands out for its efficient processing times and straightforward requirements. Investors can focus on real estate or other approved projects to meet the minimum threshold. Budapest, known for its vibrant culture and dynamic real estate market, remains a hotspot for investment.
Why Invest in Hungary?
- Rapid Approval: With a processing time of just 2-3 months, Hungary offers one of Europe’s fastest Golden Visa approvals.
- Stable Investment Environment: Hungary’s real estate market offers consistent growth, making it an ideal choice for long-term investors.
- Central European Location: Hungary is a gateway to Western and Eastern Europe, perfect for business and leisure.
Considerations: While the program is efficient, Hungary’s citizenship pathway takes eight years, which is longer compared to other countries.
Malta Residency by Investment: The Premium Option for Quick Citizenship
- Minimum Investment: $158,000
- Processing Time: 6-8 months
- Citizenship Eligibility: After 5 years
Malta is a standout destination for those seeking not just residency but also eventual citizenship in the European Union. With a relatively low investment threshold, the program attracts global investors looking for a secure and reputable route into Europe.
Why Invest in Malta?
- High ROI Potential: Malta’s real estate market is thriving, offering lucrative returns.
- Reputable Program: Malta’s residency-by-investment program is one of the most respected globally, with stringent due diligence ensuring credibility.
- English-Speaking Environment: As an English-speaking nation, Malta is ideal for investors seeking ease of communication.
- Substantial Tax Benefits: Malta offers favorable tax regimes for businesses and individuals alike.
Considerations: Processing can take up to eight months, and investors should be prepared for thorough scrutiny during the application process.
Portugal’s Golden Visa: Versatility and Strategic Timing
- Minimum Investment: €200,000
- Processing Time: 4-15 months
- Citizenship Eligibility: After 5 years
Portugal remains a top contender despite recent changes to its Golden Visa program. With the discontinuation of the real estate pathway, investors are now exploring other routes, such as funds, job creation, and cultural contributions.
Why Invest in Portugal?
- Diverse Investment Options: From funds to urban rehabilitation projects, Portugal offers flexibility to suit various investor profiles.
- Short Citizenship Timeline: Citizenship after five years of residency is one of the fastest in Europe.
- High Demand from North America: Portugal’s appeal to North American investors underscores its reputation as a safe and lucrative investment destination.
- Improved Processing: Recent digital transformations aim to streamline application times, reducing wait periods.
Considerations: With real estate no longer an option, investors need to familiarize themselves with the newer pathways.
Residency in Cyprus: A Mediterranean Gem
- Minimum Investment: €300,000
- Processing Time: 2-3 months
- Citizenship Eligibility: After 5 years
Cyprus offers an appealing mix of luxury living and investment potential. Known for its high standard of living and favorable tax environment, the country attracts investors looking for a balance of lifestyle and financial return.
Why Invest in Cyprus?
- Fast Processing: Approval within 2-3 months ensures a quick pathway to residency.
- Growing Economy: Cyprus is a hub for international business, particularly in shipping, finance, and technology.
- Lifestyle Appeal: With stunning beaches, excellent healthcare, and a warm climate, Cyprus is ideal for families and retirees.
- Tax Advantages: Cyprus offers one of the lowest corporate tax rates in the EU, making it attractive for entrepreneurs.
Considerations: While the minimum investment is higher than in some other countries, the program’s benefits often outweigh the costs.
Comparing the Best Golden Visa Options
Key Considerations for Investors
When choosing the right destination, investors should weigh the following factors:
- Investment Threshold: Lower thresholds like those in Greece and Hungary may appeal to budget-conscious investors.
- Timeline to Citizenship: Malta, Portugal, and Cyprus are ideal for quicker citizenship.
- Real Estate vs. Other Options: While real estate has traditionally dominated, countries like Portugal now offer alternative pathways.
- Lifestyle Benefits: Consider the country’s climate, healthcare, education, and overall quality of life.
- Economic Stability: Investing in a country with a strong economy ensures better returns and security.
Strategic Opportunities Post-Spain’s Golden Visa
As Spain exits the Golden Visa market, investors have a wealth of opportunities across Europe. Whether you’re drawn to the affordability of Greece, the speed of Hungary, the prestige of Malta, the flexibility of Portugal, or the luxury of Cyprus, there’s a program to suit every need.
At Apex Capital Partners, we specialize in guiding investors through these complex decisions. Our decades of experience ensure seamless navigation of the investment migration landscape, helping you secure residency and citizenship in the most efficient and effective way possible.
The end of Spain’s program marks a pivotal moment but also opens doors to exciting alternatives. With careful planning and strategic investment, your European residency dream is well within reach.
Let us help you take the next step. Contact Apex Capital Partners today to explore your options.
