The Easiest Countries to Gain EU Residency

On June 23, 2016, 51.9 percent of the participating United Kingdom electorate voted to leave the European Union. As a result, the UK government invoked Article 50 of the Treaty on European Union, declaring March 29, 2019 at 11 p.m. to be the official “exit day” for the Brits.

And while many are planning their “Brexit”, it doesn’t mean you have to. In fact, this may be the prime time for you to claim a spot as a permanent resident in the European Union, if not become a second residency in another European country of your choice. Here are some of the easiest countries to gain your very own EU residency status.

Austria

1. Austria

The hills are alive with the sound of music and the sound of your own money staying in your bank account.

Unlike many countries, Austria does not require investment in the country to acquire residency.  You do however, need to show that you have enough money to live there, particularly if you are planning on bringing your family with you. And this amount is directly tied to the number of adults and children under 18 years of age.

According to the Henley and Partners firm, you must be able to show liquid assets of about €40,000 per adult and €10,000 per child below 18 years. So, the Von Trapps would need to have assets of €150,000 to set up camp – which is probably why they fled to Switzerland (or not … yeah, it was the Naziz).

If you don’t have the liquid funds/ assets, but have recently been appointed as a manager of an Austria-based company and are employed at a minimum salary of €2,500 per month, this will allow you to have residency under the  Key Manager work permit.