Tag: residency with property

This refers to an option where you can get residency (i.e. residence permit or visa) in a country with the ownership of a local property. This is useful for lifestyle reasons, naturally, because it is considered relatively easy (i.e. simply buy a property meeting the local requirements for a visa) and you can stay in the country long term or sometimes forever. For business and tax reasons, it can also be important – because you can usually become a tax resident in your new country and stop being a tax resident in your origin country. This can lower or increase your taxes.