Romania is reportedly in the process of developing a ‘Golden Visa’ program, aiming to attract significant foreign investment by offering temporary residence permits to non-EU nationals. This initiative, if implemented, would allow investors to gain residency in exchange for substantial financial contributions to the Romanian economy, potentially boosting economic growth and development.
Key Takeaways
- Romania is considering a ‘Residency by Investment Program’ for non-EU citizens.
- A minimum investment of EUR 400,000 is required for a five-year renewable residence permit.
- Eligible investments include government bonds, real estate, authorized funds, and shares in listed companies.
- Successful applicants can bring family members and may apply for citizenship after five years.
- Strict background checks will be conducted by Romanian intelligence and anti-money laundering authorities.
Program Details
The proposed program, officially termed the Residency by Investment Program, would grant a five-year renewable residence permit to individuals from countries outside the European Union and the European Economic Area. This permit is contingent upon a minimum investment of EUR 400,000 within Romania. While the program primarily offers residency rights, it opens a pathway for beneficiaries to apply for Romanian citizenship after a continuous period of five years of residency.
Investment Avenues
Several investment options are being considered for the Golden Visa program. These include:
- Purchasing Romanian government bonds valued at a minimum of EUR 400,000, with a maturity of five years or longer.
- Acquiring real estate worth at least EUR 400,000, which must be held for a minimum of five years.
- Investing a minimum of EUR 400,000 in funds authorized by the Financial Supervisory Authority (ASF).
- Buying shares in Romanian listed companies, with a minimum investment of EUR 400,000.
Eligibility and Security Checks
To qualify for the program, applicants must demonstrate the legal origin of their funds. They must also not be listed on any international sanctions lists and should not pose a security risk to Romania. Before any residence permits are issued, rigorous checks will be conducted by key Romanian authorities, including the Romanian Intelligence Service (SRI), the Foreign Intelligence Service (SIE), and the National Office for the Prevention and Combating of Money Laundering (ONPCSB), among others.
Benefits for Investors
Investors who meet the program’s stringent conditions will receive a renewable five-year residence permit. This permit will allow them to include their family members and will provide a route to permanent residency and eventual citizenship after five years of continuous residence. Although there is no minimum annual physical stay requirement in Romania, investors must maintain their qualifying investment throughout the entire duration of their residence permit.
Romania Reportedly Prepares Golden Visa for Foreign Investors
- Romania reportedly prepares Golden Visa for foreign investors, Romania Insider.
