Aruba: residence permit, Golden Visa, citizenship

Aruba passport: the cheapest way to get EU citizenship

Perhaps you have never heard of Aruba - a small island in the Caribbean Sea, located near the coast of Venezuela. Aruba is part of the Kingdom of the Netherlands, so this island is characterized by a good standard of living, developed infrastructure, quality education and medicine. But not only high social standards attract this paradise place. It is also notable for the fact that here you can get the cheapest EU citizenship literally in five years. How to do it? This is what we will talk about next.

Aruba passport through the residence permit program

First of all, you need to participate in the residence permit program. There are two options: business immigration or purchase of real estate.

If you choose the first option, you need to fulfill one of the conditions:

Be the CEO of a firm with an annual turnover of at least 10,000,000 florins (about $5,000,000).

Be an investor who is eligible to obtain a license National Ordinance of Establishment of Companies and at the same time own shares of 125,000 florins ($ 70,000) or more.

To be an investor who is not entitled to a license of the National Ordinance of Establishment of Companies, but who holds more than 40% of the shares of a company in Aruba for an amount of 50,000 florins ($28,000) or more.

It is important for a businessman in Aruba to have a place to live. You don't have to buy it, you can get by with a long-term lease. The island has a large number of offers for every taste and opportunity.

The second option is to buy real estate. A more simple and understandable way. Under the conditions, the main applicant must purchase an object worth 200,000 dollars. By the way, it is not necessary to live in Aruba permanently, it is enough just to come once a year to prolong the status. The same housing can be rented out through special companies and receive regular passive income.

There are also general requirements, as in any European country - the presence of health insurance, confirmation of a regular source of income for the past three years and the absence of criminal records.

As for the tax aspect:

0.4% of the value of the object must be paid once a year.

6% is paid when buying on objects worth from 140 000 dollars (housing in this price category corresponds to the conditions of the program).

How to apply for citizenship?

The application for residence permit is considered quickly. You will receive the status within 3-4 months for one year. Further you need to constantly renew it. After five years it will be possible to apply for citizenship of the Netherlands.

In this case, it is important to comply with such requirements:

Pass the exam for knowledge of the Dutch language.

Do not have problems with the law.

Conclusion

If you are already starting to think about European citizenship, but do not have enough money to participate in the passport program of Malta or Cyprus, then in this case Aruba is the ideal option. 200,000 dollars, five years, an exam and you're an EU citizen.

Aruba Golden Visa - the path to EU citizenship

Aruba is a beautiful island lost in the waters of the Caribbean Sea. Palm trees, beaches, sand and an atmosphere of relaxation. Few people know that the island of Aruba is a federal subject of the Kingdom of the Netherlands, and therefore the standard of living here is at a very decent level. Immigration to Aruba is not very widespread yet. As a rule, here move or those who have relatives or managing branches of foreign companies.

On the island you can get a residence permit in exchange for investment in real estate or through business immigration. In the future, it is quite possible to obtain citizenship. Please note that this will be an EU citizenship, as Aruba is part of the Netherlands.

How do I obtain an Aruba Golden Visa through the purchase of real estate?

According to the terms of the program, you need to buy a property worth $200,000 or more. This method is good because you do not need to stay in Aruba permanently to maintain your status. However, to prolong the status of the island will still have to visit the island once a year. The application for a residence permit is considered quickly: within literally three months.

Housing can be rented out through a management company and get a good income. By the way, taxes when buying real estate here are quite low. From the price of the object must pay only 0.4% per year. Note that the first 35,000 dollars are not taxed at all. As for the tax on the purchase, it is 6% for objects worth from 140 000 dollars (housing in this price category corresponds to the conditions of the program).

Conclusion

The Aruba residence permit is a great offer for those who want to obtain EU citizenship in the future, but the deadline is not “burning”. For literally $200,000, you and your family members can get a Dutch passport in five years. A cheap and easy way to become a full citizen of the European Union, enjoy a comfortable life and all the benefits of a developed society.