Real Estate in Moldova: € 250,000 to Get Citizenship

Real Estate in Moldova: € 250,000 to Get Citizenship

Moldova will grant citizenship to everyone who will buy real estate for € 250,000. If a person has a family, everyone will become a citizen of Moldova. The “Citizenship by Investments” program is valid for the whole family, regardless of the number of its members.

Moldova will guarantee citizenship for the purchase of real estate which price will be not less than € 250,000. A person will be able to purchase the object which construction is completed. The deputy director of the State Services Agency of Moldova, Yulia Petukhova, said this in the interview with the international portal Invest Migration Insider.

The investment citizenship program in Moldova has been in place since the autumn of 2018. Until now one could acquire citizenship in exchange for a non-refundable contribution to the state fund. “In the second half of this year, we will launch the second option for granting citizenship by investment in Moldova. It will be possible at cost of investments in real estate”, said Yulia Petukhova.

Conditions for Acquiring Citizenship by Investment in Reality

According to the program “Citizenship by Investment”, each contract of sale will be independently evaluated. The established rules of the program do not allow to divide the total investment between objects. It means that one object must cost not less than € 250,000. One cannot buy two or more apartments for this sum. The Agency of Public Services of Moldova informed that person has the right to purchase all types and formats of real estate throughout the country.

A real estate purchase application can take up to 90 days to be processed. There are approximately 30 applications which have been already accepted and are at the final stage of the demanded processing. Special agent companies have sent another 50 applications to the agency. Petukhova Y. specified that those 50 applications are mostly from Asia, Australia, Europe and the United States of America.

Programs for obtaining a residence permit and citizenship in exchange for investments are valid in many European countries. One must invest € 250,000 in real estate in order to acquire local citizenship in Greece and Latvia. Cyprus demands € 300,000 without VAT. The required sum for citizenship in Portugal is € 350,000 but the most expensive one is in Spain which makes € 500,000.

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