The Romanian government is preparing a draft law to introduce a Golden Visa-style programme, officially named the Residency by Investment Program.
It targets citizens from countries outside the EU and EEA. Under the plan, investors who meet certain requirements would be able to obtain a renewable five-year residence permit.
The minimum investment threshold is €400,000. Eligible investment options include:
1. Buying government bonds with at least five years maturity.
2. Purchasing real estate, which must be held for at least five years.
3. Investing in funds authorized by Romania’s Financial Supervisory Authority (ASF).
4. Buying shares in companies listed on Romanian stock exchanges.
Applicants would need to show that their funds come from legal sources, must not appear on international sanctions lists, and must not pose a security risk. Various national security and regulatory agencies (including intelligence services and anti-money laundering authorities) would vet applications.
Once the investment and residence requirements are met, beneficiaries may apply for Romanian citizenship after five years of continuous residence.
The investment must be maintained for the full duration of the permit, but there is reportedly no minimum requirement for annual physical presence in Romania under the draft.
Source: LIIE IMMIGRATION
