EU Residence Permit for Financially Independent Individuals — How to Get Residency in Europe

The most accessible EU residence permit program — an excellent choice for large families. You can include your spouse, children, parents, and even minor siblings in the same application.

•    Minimum passive income: from €10,440 per year

•    Residence permit validity: 2 years, renewable

•    Citizenship: after 5 years (if residing more than 183 days per year)

A traditionally popular destination for family relocation to Europe, suitable for spouses, children, and parents.

•    Minimum income: from €28,000 per year

•    Residence permit validity: 2–4 years, renewable

•    Citizenship: after 10 years (if residing more than 183 days per year). Note: Spain does not allow dual citizenship

Unlike other EU financial independence residence programs, Germany also requires proof of personal assets worth at least €1,000,000.

•    Minimum income: from €60,000 per year

•    Proof of assets: minimum €1,000,000

•    Residence permit validity: 1 year, renewable

•    Citizenship: after 7 years of residence (if staying more than 183 days per year)

A unique feature of Austria’s residence permit for financially independent persons is the annual quota — only 450 permits are issued each year. Applications must be submitted in person at the Austrian Embassy on the first working day of the year.

•    Minimum income: from €30,000 per year + deposit of €30,000

•    Residence permit validity: 1 year, renewable

•    Citizenship: after 10 years (if residing more than 183 days per year)