Top Countries for Residency by Investment
The globalization of society has reached a noticeably high level. Government special offers with contributions and several benefits contribute to this. The list of benefits received by the participants depends on the decision taken. Each country creates comfortable conditions for economic migration to its region.
3 Best Countries to Obtain Residency by Investment
The existing options attract the interest of wealthy entrepreneurs. They need to study the peculiarities of residency programs independently or with the help of an expert from the GoTravelDaily agency. The speed of application and obtaining legal authorization from the government depends on it. The demand for several government offers has stopped at a fairly high level. These include the Italian, Greek, and Spain Golden Visa program. The popularity of these programs is due to their long duration, benefits for the participants, and the possibility of including other family members in the application.
Spain Residency by Investment
The pleasant climate attracts tourists, and entrepreneurs are interested in a profitable investment option. The developed culture and other advantages stimulate demand for the program. To discover the differences, it is necessary to study the requirements and evaluate the features of temporary residency.
Migration to Spain on the listed conditions is profitable and understandable. It is possible to keep positive evaluations of investors and maintain attention due to:
- Cost: The contribution amount is determined by taking into account the family’s inclusion in one application with the main investor and the selected investment options. Thus, a residency permit costs from 500 thousand euros.
- Terms of repayment: Entrepreneurs who have chosen residency by investment are interested in a quick return on capital. According to the reviews of immigrants, the term is about five years.
- Processing speed: You can submit an application at the consulate and get a response within 2–3 months. Since it is necessary to make investments after preliminary approval, participation is not difficult.
The following privilege will interest migrants who want to stay in the country: a permanent stay in Spain for more than a fixed period will allow you to get dual residency. It is a good reward for your efforts.
Italy Residency by Investment
It is no less easy to take advantage of Italy’s offer. The application processing time is no more than 4 months, and the preparation of documents does not differ from the previously described procedure. However, the program is distinguished by several benefits, which are rightly considered unique:
- There is a low investment threshold: The amount of capital is from 250 thousand euros. Investors can choose between buying real estate, contributing to the development of a startup or a local company, and making non-refundable contributions and bonds. Both single applicants and the whole family can participate in the program.
- Optimal taxation: Investors who have obtained a residence permit enjoy benefits. The government has reduced the interest rate, and this offer is valid for 15 years. Fixed tax on world income saves on expenses.
- The country has open borders: Another advantage is the ability to move and travel during the restriction period. With this right, you can move freely between your home country and your new place of residence without a visa.
The attractiveness of European residency is supported by global mobility (borders of 180 countries are open), access to quality education and medical care.
Greece Residency by Investment
How to Apply for Residency by Investment
Climb Mount Everest with Makalu Adventure Ltd.
Even now no one is quite sure if Mt. Everest was first climbed in 1924 by George Mallory and Andrew Irvine, but we do know, for sure, that it was climbed on the 29th of May 1953 by Tenzing Norgay Sherpa and Edmund Hillary. Since then, there have been numerous ascents; to January 2024 11,996 by all routes, 8,350 from Nepal. Sadly, there have also been many fatalities, 217 on the Nepal side, 123 on the Tibet side. For many years after the 1953 expedition the Nepalese government only allowed one team per season to attempt the climb but as adventure tourism expanded, they allowed several teams on the mountain at the same time, in 2000 80 people made it to the summit, in 2022 it was 658, clients and guides. Is Mt. Everest for you – a good question? Nowadays you don’t need to be a highly skilled mountaineer to climb Mt. Everest, before the clients arrive at Base Camp a team of skilled Sherpa climbers make and fix the route from the bottom of the Khumbu IceFall to Camp 1, and again up the Lhotse Face and Southeast Ridge to the summit.
You do however need to be extremely fit and have the right mental attitude. You should be a ‘mountain person,’ at home in the mountains and ideally have climbed lesser peaks, perhaps Island Peak (6,165m), Ama Dablam (6,812m) or better still Mt. Manaslu (8,163m). Many operators facilitate expeditions to Mt. Everest, but we believe we have a near perfect itinerary, honed over many years. The key to a successful assent is planning and preparation and starts well before the client reaches Base Camp. Instead of rushing up to Base Camp we encourage our clients to take time for acclimatization and to revise skills needed on the mountain. Having spent a couple of days in Kathmandu, checking equipment and attending official briefings etc.
The team is ready for the ‘exciting’ flight to Lukla, the gateway to the Khumbu. From there it is a two-day hike to Namche Bazaar, the unofficial Sherpa Capital. From Namche our itinerary differs from the norm, the norm being two nights in Namche for acclimatisation and then following the tourist trail to Base Camp. We do spend two nights in Namche but then we head up the Dudh Koshi Nadi to Gokyo for two further days of acclimatisation. On day one a hike towards Cho You and on day two the ascent of Gokyo Ri (5,360). From Gokyo we then cross the Cho La Pass (5,420m) to Lobuche East Base Camp. Lobuche East is a 6,119m non-technical peak and is perfect for topping up mountain fitness, acclimatisation and revising skills that will be required on Mt. Everest. This phase of the Everest expedition can take two or three days depending on the client’s ability and conditions. When all are confident the team will move to Everest Base Camp via Lobuche and Gorak Shep.
“It is not the mountains we conquer, but ourselves” – Sir Edmund Hillary.
The time normally spent at Everest Base Camp can be reduced because our clients will be acclimated to Base Camp altitude (5,364m), in addition they will already have been to over 6,000m, at least once, the altitude of Camp 1. Under the care of our experienced guides the climbing phase begins. First there is the Khumbu Icefall to negotiate, by far the most hazardous section of the climb. Crossing crevasses on ladders is never easy but this is something our clients will have practiced on Lobuche East and again at Everest Base Camp. Over a period of two to three weeks clients, escorted by guides, do rotations on the mountain, gradually climbing higher, spending a night or two at Camp 1 (6,065m), Camp 2 (6,400m) and Camp 3 (7,100m) before returning to Base Camp to rest and recuperate.
When client and guide feel the time is right, they will ascend, through C1, C2 and C3 to Camp 4 on the South Col at 7,925m, client and guide will now be using supplementary oxygen. The South Col is not the sort of place you want to spend much time, the virtual oxygen level is down to about 20%, it is bitterly cold and can be extremely windy! Ideally clients will spend just one night in C4 before the summit push and one more on the descent. The push for the summit normally starts at about midnight, the plan being to reach the summit (8,848m) at about 8am, allowing plenty of time to descend safely to C4. Client and guide will be using oxygen and the guide will carry at least one spare cylinder.
Having returned safely to C4 the guide will make sure the client hydrates, rests and eats. If all is well the client and guide will descend to Base Camp in two days, a night spent at C2 and another at C1. It is advisable to spend the night at C1 and negotiate the Ice Fall early in the day, when it is at its most stable. Having safely returned to Base Camp, clients have a choice, they can walk-out to Lukla for the return flight to Kathmandu or they can, at additional cost, fly out by helicopter. We recommend walking out, slowly, relaxing and recounting with others what has been achieved.
