Online Signature Licitness for Client Information for Real Estate in European Union

How to eSign a document: online signature licitness for Client Information for Real Estate in European Union

hello everyone so today we shall be discussing the fastest and easiest way to obtain permanent residency immediately in the European Union so Laszlo how are you good good morning to you I'm happy to be again with you yes so this option that we'll be discussing is the fastest and the easiest but it's certainly not the cheapest so Laszlo has been in the high-end immigration space for close to 30 years correct that is correct yes time flies so can you tell us about this option the option is provided by the government of Malta which is part of the European Union and also part of the Schengen Zone which is also an important consideration Malta has several residency and citizenship programs and one of them is the malta permanent Residency program where applicants after obviously fulfilling the conditions would get an indefinite right to stay meaning that permanent residency for life and that includes not just the main applicant but at the same time of the application it's that the spouse and the children could also apply and they would also receive the permanent high quality as a residency permit because in a sense it is a permanent residency permit and then all of them get it for life so all in all that is now the only such program in Europe which provides immediate permanent residency when I'm saying immediate obviously there is a kind of a processing time so it's not like that you go to the authority and it's automatically issued right away but then they have to do a proper due diligence procedure and then if the client satisfy the conditions then they would receive the certificate proving that and it is valid for life fantastic so for people who want Schengen access all the time anytime this is the the way to go so tell me about the what are these conditions clients have two choices one is purchase a property for 350 000 Euros and keep it for five years or make a rental agreement also for five years as a minimum in certain parts of Market it would be ten thousand Euros per year not per month but per year or in the better locations or the more populated locations it's 12 000 per year so then they could make a choice and the government fee it depends on whether you want to use the property purchase or the rental if you want to use the rental which is done by 99 of the people then the government uh contribution a government administration fee and the contribution is 98 000 U.S euros and also that is a 2 000 Euros which you have to donate to a local charity for I think it is easier if you call it as a hundred thousand donation and uh and that is for the rental and otherwise it's a 70 70 000 Euros if you buy the property meaning that you have a choice you could wait till you you look around you start with the rental period then you could exchange it to a property investment if you want to invest in a in a property there so they you could just change the way of that but uh at the end that is that is the most important cost component you must have a health insurance uh uh from the private sector but then for a 45 year old applicant the yearly cost of what we have with an insurance company is around 550 Euros per year and that is also I think that is not really a big cost those are the two main course accruing and then the client has to keep the property or has to keep the rental for five years and after five years they just have to have some kind of an address as also continue the permanent residency very interesting and so no minimum physical requirements that is also something which is very important that yes no actual days to be spent in Malta not before the application and not after the application to keep the permanent residency permit that means that uh it's very very favorable I participated at the conference where I asked the the the the the boss of that agency at that time and then what happens if the client doesn't go to Marathon after 15 years wants to return and show this document that yes it's valid for entry no problem whatsoever anytime even after 10 or 15 years that is valid because that is valid for life so interesting what about the the children so they get permanent residency as well um so let's say you have a kid he's 12 he gets permanent residency does that extend into when he's 18 once he becomes an adult does he also get permanent residency is it still valid for life in the sense that by doing this you're not just getting permanent residency for yourself and your children but also your your future adults that are children now um and that they'll get better access to EU universities cheaper they'll have access to the EU labor market Etc the newly but it doesn't apply to newly born children only the already live children can be included in the application and would qualify for the permanent residency obviously than the children which would if if the persons would live in Malta and they would like to have a family reunification for a new newly born child then yes that can be also done and then they could also have the residency permit when they are young what a but what about the the older children once they become 18 do they still keep their permanent residency or does it does it expire we can keep the residency permit yes okay so I I think this is because they have to I'm sorry of course they have to be dependent on the main applicant okay but then uh and even university studies are covered so they can be included in the application up till the age of 28 or 30 or whatever time they are able to get a certificate from the University that they are still uh full-time uh they have to still full-time studies in in the University this is really interesting so because it's in the big scheme of things you know it's 100K it's a fair amount of money to just donate to a government but especially for Americans in some cases they can actually make a pretty good Roi on it in the sense that you know they can get the permanent residency in Malta let's just take like a bit of an extreme scenario they moved to Malta um let's say the couples in their 50s they have three children and their teens then thanks to this then the children can go to universities in the European Union and only pay EU fees as opposed to international student fees um so this can lead to very low University fees compared to having to sending the kids in the U.S so Roi there and same thing in terms of health care um you know if one of the two individuals gets cancer or whatever has a major issue they're covered in Malta at the cost of only 500 euros a year compared to very extensive health insurance in the U.S so it's not just pain just for a document if you actually stress test it in some cases people can actually get an Roi on it especially if it then offers their children the the the opportunity or the possibility of working in the European Union essentially when you're a permanent resident of the European Union of a country within the European Union it's fairly easy to get a job in another country of EU so then it would mean that your children would have the opportunity to work either back home in the U.S or if they like the European lifestyle and lower salaries they could stay in the European Union so it's it's an interesting product for sure very few people talk about it why I think that Maltese multi-service providers usually only offer Malta and there are very rare it is very rare that like a company like ours which we would like to offer all the possibilities to people not just Malta one of our companies is headquartered in Malta it has its license there but we are not really tied to Malta so the multi-service providers are just really not marketing it with other possibilities so the word is the the word is not spread as widely as if they would let's say Antigua and sanket and Malta and Greece and Portugal many many jurisdictions then obviously people who who would like to get something in the EU they could offer this possibility you know they are just usually offering Malta with extra exceptions uh but that is usually the main way that only Malta and Malta and Malta and Martha and that narrows the customer base I would say that is my feeling interesting does it lead to citizenship it could lead to citizenship but then it is like everywhere in the world whatever is being promised by people property deliver developers or whoever they are that without real ties to the country then it would be very hard to get citizenship even in Portugal no statistics came out for the last five years where people applied and they got or they didn't get citizenship and that is always a very suspicious thing that when no statistics are provided and the service providers are not advertising that this is now my 50th client who got his Portuguese citizenship so all in all even in countries where it is being marketed very heavily which is definitely not Malta at all then there are those that yes the citizenship with only one week stay every year is possible at all there is no Advantage for any country to give out citizenship for such a small layout okay you buy property after five years you sell it in the meantime you spend one week how much is the government how much is the country's gain for that for five years every single year it's one week that's it there is no real Advantage for the country to get to to provide citizenship and that is why all the countries are now strengthening the requirements to be uh to be tied to the local Society to get citizenship in an easy way after four or five years time cool so essentially it's possible to get citizenship but not just by having it as a paper residency you need to move there you need to live there full time probably need to learn the language have true ties then you can apply and then see what happens Martha has also one big advantage that English is one of the official languages okay so you don't need to learn Maltese you do not meaning that again to tie in the society is much much easier because you do not have to learn a foreign language which is also an advantage yes you ing to the citizenship Lil you could apply after five years but I have a bad news for all the people who dream about spending a minimum amount of money not having any stay and getting a citizenship in an EU country that doesn't work anymore I think even in Greece it is very very hard to convert it in Portugal it's very very hard to convert it just by an investment if you do not live in that country why should that country give you citizenship that is now that is now getting clearer and clearer still there are many people who are trying to sell the European so residences vdm you could have citizenship you could have citizenship I'm not that one by the way I would rather tell the truth of the of the interested parties than to lie something to get a sale because sooner or later that would really be a ruined our reputation in Greece for example you have to keep the investment to keep the permit even it's not a permanent residency permit you have to have the same investment to keep the same investment for an indeterminate time because if you sell the property and you do not buy a new one you lose your residency permit in math after five years you do whatever you want to do that is even a five-year rental of ten thousand Euros per year come on now that is not really a big cash layout I would say compared to the 400 000 which now that at the good locations Greece charges it's like 10 000 per year it's fifty thousand I think that financially that is not a bad proposition also the property carrying costs and all the matters if you do not move there then it is a headache and it's a possible way of investment income but then there are I the tax returns the filling out the tax returns all these hassle you have to add to the cost when you are comparing Malta which is a very simple donation yearly rental you keep the environmental presidency permit end of story with other countries that's right great thank you so yeah because essentially right now Portugal is a bit out of the equation they're reworking it there is some potentially some fun options they're still going to be available but we'll see what that is I'm always very wary of funds um especially funds in Portugal targeting people who just want to buy something like now for the paperwork I doubt they would be good Investments um you've got to your point Greece the minimum is 250 000 Euros you can buy on some small Islands real estate is really cheap but then again yes it's not permanent residency um it's just a essentially you have residency as long as you keep the the property so it's definitely inferior to permanent residency in Malta and then you have also a program that you deal with lasso is the Hungarian residency by investment program which is not very well known but doesn't quite lead to permanent residency either it's very hard to get from The Residency yes this is now getting really the ruling in the European Union um and I think at the end professionally I have to understand that yes this is normal and this is how it should be done you have times you want to settle down fair enough then live in that country so if you want easy fast Malta and then slightly less good in terms of paperwork you've got Greece hungry totally different Vibes but both can qualify with uh with real estate cool fantastic and lasso can help you with essentially all of them um as well as passports in the Caribbean Etc so if you're interested in learning more about the malta permanent Residency program feel free to reach out to Laszlo he'll send you a brochure with all the information costs fees Etc so there is a link below where you can reach him as well as his email lasso thank you very much for your time I really appreciate it it was a pleasure on my side also thank you you can go to my website thewanderinginvestor.com and sign up to the private list it's entirely free this way you will be getting Insider information as I travel around the world looking for opportunities lastly feel free to follow me on Instagram at the wandering investor I look forward to hearing from you