Being a “citizen” and “resident” is at first similar, but in fact, completely different concepts. If you are planning to move to another country and have not yet decided what status you would like to receive more, then let’s look at the differences.
Temporary Residency
You can live in the country for one to five years with a temporary residence permit (depends on the country’s rules). With this visa, you have the opportunity to live and move around the country. You keep your passport and citizenship. Some countries allow getting a permanent residence permit after five years.
Permanent Residence
With a permanent residence visa, you still have the opportunity to live and travel around the country, the opportunity to live in the selected country for up to seven years, and then apply for citizenship is added in this option.
Residency programs are generally more affordable and cheaper than citizenship programs.
Find out here which Residence Programs are now available
Citizenship by Investment
The fastest and most proven way to become a citizen is to invest in a country. To do this, a foreign investor needs to make a donation to a government fund or purchase government-approved real estate. After successfully passing all due diligence checks, you will receive a passport and citizenship. The biggest advantage is that you can enjoy the same benefits as naturalized citizens
Find out which countries offer Citizenship by Investment Programs here
