Estonia ~ Residence Permit for Investors
Time to Permanent Residency: 5 Years ~ Time to Citizenship: 10 Years
Under the Aliens Act, Non-EU citizens may apply for a temporary residence permit if they settle with a spouse, close relative or family reunification, to study, work or do business. In order to qualify for temporary residence, medical insurance and proof of income twice the level of subsistence in Estonia is required. In 2019, the subsistence level is €150 per month for the first family member and €120 per month for each additional family member.
The issuance of residence permits is subject to the annual immigration quota, which cannot exceed 0.1% of the Estonian permanent population in one year. This does not apply to American or Japanese applicants or to citizens applying for residency to do research or study.
Investment
Major Investor
You may obtain a temporary residence in Estonia, if you make a direct investment of at least €1,000,000 in a company registered in the Estonian trade register, investing primarily in Estonia or in an investment fund, from which most investments are made in Estonia.
The amount invested must be maintained throughout the period of residence either in the same investment or in another that meets the requirements.
The investor may not be required to have a place of residence or register the place of residence in the Estonian Population Register.
A temporary residence permit has a validity of 5 years. After that, you may renew the permit or apply for permanent residency, provided that your place of residence has been entered in the Estonian population registry, you have health insurance, permanent legal income (€ 260 / month) and an Estonian language B1 level.
After living in Estonia for 8 years, 5 of which must be through holding a permanent residency permit, you may be eligible for naturalization. To become a citizen, you must have proficiency in the Estonian language, pass an exam of the Constitution and the Citizenship Law, a permanent legal income (€260 / month) and loyalty to the Estonian state.
Estonia does not recognize dual citizenship for naturalized citizens. Anyone who is granted with Estonian citizenship by naturalization must renounce its previous nationality.
Requirements
– Must be National of a Non-EU Country.
– Have health insurance.
– Documents certifying the investment.
Documents Required
One passport-size photo- Evidence of Health Insurance
- Proof of income
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Documents certifying Business Investment
- Receipt of payment of fees
- Original and photocopy of passport
