The 16 Easiest Countries to Get Residency in 2024

Residency allows you to live legally in a foreign country for an extended period, offering benefits like access to local services, education, or work opportunities. For many, it’s the first step toward building a life abroad or even gaining citizenship. If you’re exploring options, knowing the easiest countries to get residency can help simplify your decision.

This guide focuses on 16 countries where obtaining residency is relatively simple. It outlines key programs, like the Golden Visa, and explores benefits for foreign nationals, such as tax incentives and financial opportunities tailored to different needs.

This is more of what we will cover:

• What is residency?
• Factors that Make a Country ‘Easy’ to Get Residency
• The 16 Easiest Countries to Get Residency in 2024
• Tips for Applying for Residency in a Foreign Country

What is residency?

Residency is a legal status that allows a person to live in a country for a certain period, mainly with a temporary residence permit or permanent residency that may need renewal. It can grant rights to work, study, and access some public services but without full rights like voting or holding a passport.

On the other hand, citizenship is a permanent status that grants full legal rights and responsibilities, such as voting, running for public office, obtaining a passport, and full protection under the law. After fulfilling certain criteria, residents may eventually apply for citizenship and, in some countries, hold dual citizenship, allowing them to retain their original citizenship while acquiring a new one.

However, obtaining residency has many advantages, such as potential tax advantages, improved quality of life, and access to new job markets. Many look for residency for retirement, aiming to enjoy a more relaxed lifestyle in a favorable climate. Others are driven by business opportunities or the desire to experience a new culture. Understanding these motivations can help you select the best residency option for your needs.

Factors that Make a Country 'Easy' to Get Residency

There are many factors to consider when looking at a country that is easy to get residency in, but these three are the most crucial to keep in mind. This article will also give an overview of these factors for the residency programs offered in each country.

Quick processing times

The easiest countries for residency usually involve fast-processing countries that reduce the waiting time for residency applications, which can be crucial for those eager to relocate. Countries like Panama and Mexico are known for their efficient residency procedures. Quick processing allows applicants to settle into their new home without prolonged uncertainty. This is particularly beneficial when applying for temporary residence permits or residence visas.

Minimum financial requirements

Many countries require proof of income, savings, or investment to grant residency. Those with lower financial thresholds, such as minimum income requirements, investment amounts, or bank deposits, make it easier for more people to qualify.

Duration of stay required for permanent residency

The number of years one must reside in a country before becoming eligible for permanent residency can greatly affect ease of access. Countries that require shorter periods, for example, two to five, are easier to access than those with longer requirements. Shorter stays allow flexibility, which is crucial for people who do not want to be tied to one place for long but still want to enjoy the benefits while finding the easiest permanent residency route. 

The 16 Easiest Countries to Get Residency in 2024

1. Portugal

Portugal is renowned for its accessible residency options, particularly the D7 Visa and the Golden Visa. The D7 Visa caters to retirees and individuals with stable passive income, such as pensions or investments. It requires proof of sufficient financial resources but no substantial investment in government bonds or other financial assets.

For the D7 visa, take into consideration the following:

• Physical presence: Six months per year.
• Minimum financial requirement:  The main applicant must have a stable passive income of at least €820.00.
• Application processing time: Around 60 days with the required information.
• Duration of stay required for permanent residence: Five years of legal residency.

Portugal’s Golden Visa program offers a pathway to citizenship through a specific investment. The country is known for its pleasant climate, affordable living costs, and welcoming culture, making it a popular choice for expatriates and retirees. A minimum investment of €250,000 provides a valuable opportunity for those seeking European residency and with the potential of citizenship.

2. Spain

The Non-Lucrative Visa is ideal for individuals who can financially support themselves without working. This visa is commonly used by retirees or those with passive income.

Applicants must demonstrate sufficient funds, valid health insurance, and no intention to engage in work. It grants a residency permit in Spain for one year, with the possibility of renewing it for two years.

The visa does not permit employment or business activities, but it grants the opportunity to live in Spain while enjoying the country’s culture and lifestyle benefits.

This is what to keep in mind when thinking of a Non-Lucrative Visa:

• Physical presence: 6 months per year.
• Minimum financial requirement: The main applicant must have a stable passive income of €2,400 a month.
• Application processing time: 60 days with the required information.
• Duration of stay required for permanent residence: Five years of legal residency.

3. Greece

Greece’s Golden Visa program is an excellent option for European residency. The program offers significant tax incentives and benefits for foreign nationals, making it an attractive choice for international investors.

It requires a real estate investment, which is comparatively lower than in other European countries. This program provides residency for investors and their family members and allows visa-free travel within the Schengen Area.

Greece’s stunning landscapes, historical sites, and relatively affordable cost of living make it an appealing destination for expatriates.

• Physical presence: No minimum stay required.
• Minimum Investment Requirements: €250.000
• Application processing time: 2 to 3 months.
• Duration of Stay Required for permanent residence: Permanent residence is given immediately.

4. Panama

Panama has many visa options, such as the Panama-qualified-investor visa, which offers a smooth path to residency for foreign investors. To qualify, investors must invest in real estate, securities, or a fixed-term bank deposit; therefore, for this route, some of the general requirements include the following:

• Physical presence: No minimum stay is required.
• Minimum Investment requirements: $300.000 but will increase in October 2024 to $500,000.
• Application processing time: Applications are fast-tracked through the Special Processing Service Division of the Ministry of Commerce and Industries within 30 business days.
• Duration of stay required for permanent residence: Permanent residence is given immediately.

Panama also has the Pensionado Program, another attractive option for retirees, which provides benefits such as discounts on various services. The country’s favorable tax environment, strategic location, and use of the U.S. dollar make it one of the easiest countries for US citizens to get residency. It is important to note that holders of this visa can live indefinitely in Panama without needing a work permit or other special authorization. However, this visa program does not allow holders to obtain Panamanian citizenship, meaning they will not be eligible for naturalization. The requirements include:

• Physical presence: No minimum stay is required.
• Minimum financial requirements: €920 monthly income.
• Application processing time: 3-6 months for a residency permit to be issued.
• Duration of stay required for permanent residence: Permanent residence is granted to retirees who meet the necessary income requirements.

5. Mexico

Mexico is also one of the easiest countries to get residency as it provides multiple residency options, including Temporary and Permanent Resident Visas. The Temporary Resident Visa is suitable for those wishing to stay for more than six months but less than four years, while the Permanent Resident Visa is for individuals looking to reside indefinitely.

For the Temporary Resident Visa, here is what to keep in mind:

• Physical presence: No minimum stay is required.
• Minimum financial requirements: Monthly income of about $3,100 for the past six months. Savings or investments of €47,500.
• Application processing time: 4 weeks.
• Duration of stay required for permanent residence: Four years of legal residency.

6. Costa Rica

Costa Rica offers several straightforward residency options. One of the main options is the Passive Income Visa, which allows foreigners with a stable income, like pension, rental income, or investments, to apply for residency without needing a large financial investment.

Another option is the Pensionado Program, specifically designed for retirees who can prove they have a steady pension income. This program does not require a significant financial investment, making it an attractive choice for retirees. Both these streams make it easier for people to settle in Costa Rica, whether for work or retirement.

Costa Rica’s Pensionado Program simply needs:

• Physical presence: At least one day per year
• Minimum financial requirements: Permanent monthly income of about €920
• Application processing time: 3-6 months for a residency permit to be issued.
• Duration of stay required for permanent residence: 3 years of legal residency.

Costa Rica’s emphasis on ecological conservation, friendly local culture, and high quality of life make it a desirable location for retirement. The country’s beautiful natural landscapes and commitment to environmental sustainability add to its attractiveness.

7. Malta

Malta’s Permanent Residence Program (MPRP), allows applicants and their families to obtain long-term residency in Malta. Successful participants can benefit from significant tax incentives, residency, and the possibility of acquiring Malta citizenship by investment.

This investment visa also grants access to the European Union and offers visa-free travel within the Schengen Area. Applicants can meet property requirements by either purchasing or renting real estate, making Malta an appealing destination for foreign investors looking for both residency and potential citizenship.

The benefits of Malta’s Residency by Investment program are endless, with access to excellent healthcare, education, and a high-performing economy. If you are considering this option, here’s an overview of what to expect:

• Physical presence: No minimum stay is required.
• Minimum Investment Requirements: Purchase property of €350,000 of rent for €12,000.
•  Application processing time: 11-12 months for a residency permit to be issued.
• Duration of stay required for permanent residence: Permanent residency is given Immediately.

 8. Estonia

Estonia’s Digital Nomad Visa and e-residency programs cater to a modern, tech-savvy audience. The Digital Nomad Visa allows remote workers to live in Estonia while working for a foreign employer.

This Digital Nomad Visa makes Estonia one of the easiest countries to get permanent residency in Europe without investment because it requires low financial requirements. Here is a quick look into the process.

• Physical Presence: No minimum stay required.
• Minimum financial requirements: Monthly gross income of €4,500.
• Application processing time: 15-30 days (about 4 and a half weeks).
• Duration of stay required for Permanent Residence: 5 years for Temporary Residence Permit Holders.

Additionally, the country’s emphasis on digital innovation, high quality of life, and welcoming environment make it an appealing destination for digital nomads and entrepreneurs. The e-residency program further facilitates business operations for non-residents.

9. Canada

Canada offers various pathways to residency, making it one of the easiest countries for U.S. citizens to gain permanent residency. For instance, there is the Express Entry system and Provincial Nominee Programs (PNP)  that cater to skilled workers, entrepreneurs, and investors. Canada’s Start-up Visa also targets innovative entrepreneurs, allowing them to establish businesses and contribute to the economy. With multiple visa options and an attractive environment for English-speaking expats, Canada remains a top choice for residency seekers.

Here is a brief overview of the Start-up Visa:

• Physical presence: No minimum stay is required.
• Minimum Investment requirements: Venture capital of CAD 200,000 and an angel investor with a minimum investment of CAD 75,000,00.
• Application processing time: 12-18 months.
• Duration of stay required for Permanent Residence: 3-5 years of legal residency.

Canada’s high quality of life, diverse culture, and strong economy are significant attractions. The country’s welcoming environment and excellent healthcare system further enhance its appeal. Additionally, the process of obtaining permanent residence in Canada is well-structured, providing numerous opportunities for skilled professionals and investors.

10. Belize

Belize’s Qualified Retirement Program provides a straightforward route to residency for retirees from all Commonwealth countries, the United States, and members of the EU. Belize’s official language is English, which simplifies integration for many citizens worldwide.

The country’s beautiful natural environment, relaxed lifestyle, and friendly local culture make it an attractive destination for retirement. The ease of obtaining residency and the country’s appealing lifestyle contribute to its popularity.

This is a look into what to expect when considering the Qualified Retirement Program:

• Physical presence: No minimum stay is required.
• Minimum financial requirements: $2,000 monthly income or $24,000 annually in an approved foreign currency.
• Application processing time: one-three months.
• Duration of stay required for permanent residence: 5 years of legal residency.

12. New Zealand

New Zealand’s points-based immigration system rewards skilled individuals and provides pathways to permanent residency. The country also offers an opportunity to grant permanent residence through its Active Investor Plus Program.

Although this investor program requires significant investment, it is worth considering. New Zealand offers a high quality of life, a strong economy, and a friendly culture, making it a popular choice for English-speaking immigrants.

When looking into The Active Investor Plus Program, here is what to expect:

• Physical presence: 117 days (about 4 months) over 4 years.
• Minimum Investment Requirements: Over four years, invest NZD 5 million and NZD 15 million in the New Zealand economy.
• Application processing time: 5-6 months.
• Duration of stay required for permanent residence: 4 years of legal residency.

13. Australia

Australia also has a points-based residency system designed for skilled individuals and offers a clear route to permanent residency. The country also offers permanent residency through investment; however, this only applies to Australian residents with an investor visa.

If obtaining permanent residency by investment in Australia is a possible option, here is what to look out for:

• Physical presence: 40 days (about 1 and a half months) per year.
• Minimum investment requirements: Have a designated investment of AUD 1.5 million.
• Application processing time: 22-30 months (about 2 and a half years).
• Duration of stay required for permanent residence: Permanent residency is automatically obtained.

14. Serbia

The Serbian Residency by Investment program offers a straightforward path to obtaining permanent residency by purchasing property. Applicants can buy residential properties, apartments, or business premises without restrictions on price or location.

Residency in Serbia allows visa-free access to multiple European countries, which benefits investors with business interests in other countries.

Those from nations without reciprocity agreements with the countries must establish a legal entity. Serbia’s proximity to the EU and its growing economy enhance its appeal, making it an excellent choice for individuals looking for flexibility and opportunities in the continent.

• Minimum Investment: No minimum investment required.
• Residency Period for Permanent Residence: After three years of residency.
• Physical Presence: 183 days per year.
• Processing Time: 60 days.

15. Latvia

Latvia’s Golden Visa provides a way to obtain permanent residency and access the Schengen Area. The program includes options such as purchasing real estate worth €250,000 or investing €50,000 in a capital company. It also offers a guest investor visa for a trial residency period.

Latvia Golden Visa holders have visa-free European access and the potential to obtain an EU passport through naturalization. While residency cannot be inherited, citizenship, once acquired, is transferable to future generations, ensuring long-term advantages in other countries.

• Minimum Investment: €250,000 in real estate or €50,000 in business.
• Residency Period for Permanent Residence: After five years of residency.
• Physical Presence: Once a year.
• Processing Time: two to three months.

16. Hungary

The Hungary Golden Visa offers investors the chance to obtain permanent residency with a €250,000 investment in a state-approved real estate fund. The program’s flexibility is appealing, with no minimum stay requirement and a renewable 10-year residency permit.

Hungary provides visa-free access to the Schengen Area, enabling seamless travel to other countries. Additionally, applicants benefit from pre-approval to reduce risks, and permits are processed in as little as 21 days. Hungary’s affordability and strategic location within the EU make it ideal for international investors seeking convenience and opportunity.

• Minimum Investment: €250,000 in a state-approved real estate fund.
• Residency Period for Permanent Residence: After three years of legal residency.
• Physical Presence: no minimum physical presence is required.
• Processing Time: One month.

Tips for Applying for Residency in a Foreign Country

Research and preparation

Thorough research and preparation are essential for a successful residency application. Understanding visa requirements, documentation, and the immigration process for your chosen country is crucial. Preparing in advance can streamline the application and increase the likelihood of approval. Consulting official resources and speaking with current residents can provide valuable insights. For many countries, obtaining residency requires careful planning and understanding of the application process and supporting documents.

Financial planning

Residency applications often involve various costs, including application fees, legal expenses, and potential investments. Budgeting for these expenses is crucial to avoid financial surprises. Understanding financial implications, such as minimum investment amounts or monthly income requirements, helps make informed decisions. Setting aside extra funds for unforeseen costs, such as those related to managing a bank account or residence permits, can be beneficial.

Legal Assistance

Hiring an immigration lawyer or consultant can be advantageous for navigating the residency application process. Legal professionals provide valuable guidance, ensure compliance with requirements, and address possible challenges. Their expertise can make the process easier and improve the chances of a successful application.

Cultural considerations

Preparing for cultural and lifestyle adjustments is important when relocating to a new country. Understanding local customs, culture, and everyday practices can ease the transition and enhance your experience. Engaging with local communities and learning the language can facilitate smoother integration. Embracing cultural differences enriches the experience and helps one feel more at home.

How Can Global Citizen Solutions Help You?

Global Citizen Solutions is a boutique investment migration consultancy firm focused on finding the right residency or citizenship by investment program for individuals wishing to secure their future and become global citizens. With offices in Portugal, the United Kingdom, Hong Kong, and Brazil, our multilingual team guides individuals and families from start to finish, providing expert advice considering freedom, mobility, taxation, and security.

• We have helped hundreds of clients from 35+ countries in all the top residency by investment and citizenship by investment programs. With an in-depth and comprehensive understanding of the area, we provide our clients with solid guidance. 
• Our team has never had a case rejected. Our 100 percent approval rate sets us apart from our competitors and guarantees that you can expect a successful application.
• Our transparent pricing covers all the processes from opening your bank account, document certification, and legal due diligence to investment and submission. As there is one fee for the entire process, you can be confident that you will not face any hidden costs later.
• All data is stored within a GDPR-compliant database on a secure SSL-encrypted server. You can be safe knowing that your personal data is treated with the utmost security.
• Global Citizen Solutions provides an all-encompassing solution. Our support can continue even after you receive your passport. We offer additional services such as company incorporation, Trusts, and Foundations formation.
• The BeGlobal Onboarding System® allows you to access the status of your application every step of the way, something that sets us apart from our competitors.

Frequently Asked Questions about the Easiest Countries to Get Residency

What are the easiest countries to get residency in Europe?

Portugal, Spain, Greece, and Malta are among the easiest European countries to obtain residency. Portugal’s D7 and Golden Visas, Spain’s Non-Lucrative and Golden Visas, and Greece’s Golden Visa offer accessible pathways. Malta’s Global Residency Program also provides favorable conditions. Each country has unique benefits and requirements for obtaining residency.

How can I get residency in Portugal?

Portugal offers several residency options, including the D7 Visa for retirees and those with passive income, and the Golden Visa for investors. The D7 Visa requires proof of sufficient financial resources, while the Golden Visa necessitates a real estate or business investment. Both paths provide access to Portugal’s attractive lifestyle and benefits.

What is the easiest way to get residency in Spain?

Spain’s Non-Lucrative Visa and Golden Visa are popular options. The Non-Lucrative Visa is ideal for retirees or those with independent income, while the Golden Visa requires an investment in real estate or business. Both visas offer residency and are relatively straightforward to obtain compared to other European countries.

How can U.S. citizens get residency in Mexico?

U.S. citizens can apply for either a Temporary Resident Visa or a Permanent Resident Visa in Mexico. The Temporary Resident Visa is suitable for longer stays but less than four years, while the Permanent Resident Visa is for indefinite residency. The process is relatively simple, and Mexico’s proximity makes it a popular choice.

What is the easiest country for retirees to get residency?

Costa Rica’s Pensionado Program is specifically designed for retirees and is considered one of the easiest options. It requires proof of pension income but does not demand a significant financial investment. Costa Rica’s high quality of life and favorable climate make it an attractive destination for retirees.

Can I get residency in Canada easily?

Canada offers several pathways for residency, including the Express Entry system and Provincial Nominee Programs (PNP). These programs cater to skilled workers, entrepreneurs, and investors, making them accessible to many. Canada’s high quality of life and strong economy contribute to its appeal to those seeking residency.