As the EU prepares to introduce the new Entry/Exit System (EES) and ETIAS schemes, those considering relocating to Europe for work or retirement need to stay informed about these changes and understand the various residency options available. Whether you are planning to retire amidst the scenic landscapes of Portugal or work in the bustling cities of Germany, here’s what you need to know.
The New Entry/Exit System (EES) and ETIAS
Starting October 6, 2024, the EU’s Entry/Exit System (EES) will be operational. This automated system will register non-EU travelers’ details, including biometric data, each time they cross an EU external border. This process aims to improve security and streamline border checks but may result in longer processing times initially (The Independent) (ETIAS Europe Info) .
Following the EES, the European Travel Information and Authorization System (ETIAS) will be mandatory from mid-2025. Non-EU nationals, including UK citizens, will need to obtain an ETIAS travel authorisation for short stays. This authorisation will be valid for three years and multiple entries (The Independent) (ETIAS Europe Info) .
Retirement Visas in Europe
Portugal D7 Visa Portugal offers the D7 Visa, a popular choice for retirees and those with a stable passive income. Applicants need a minimum monthly income of €820, derived from sources like pensions, rentals, or investments. The D7 Visa also requires proof of accommodation and sufficient savings. After five years of residency, one can apply for Portuguese citizenship (Global Citizen Solutions) (D7 Visa) .
Spain Non-Lucrative Visa Spain’s Non-Lucrative Visa is another option, though it has higher income requirements than Portugal’s D7 Visa. Applicants need a minimum annual income of €25,816 and must demonstrate sufficient savings. The path to citizenship takes about ten years, and visa holders must reside in Spain for more than six months each year (Digital Émigré) (D7 Visa) .
France Long-Stay Visitor Visa France offers the Long-Stay Visitor Visa for retirees. Applicants need to prove sufficient income, typically above €1,353 per month, and secure private health insurance. This visa is a pathway to long-term residency, leading to permanent residency after five years (FrenchEntrée) (European Union) .
Working in the EU
For those looking to move to the EU for work, several countries offer favorable conditions:
Germany Germany has introduced reforms to attract skilled non-EU workers. The EU Blue Card is an excellent option for highly qualified professionals. After 21 to 33 months of employment, Blue Card holders can apply for permanent residency. Germany’s robust economy and high demand for skilled labor make it an attractive destination (Digital Émigré) .
Greece Digital Nomad Visa Greece offers a Digital Nomad Visa, ideal for remote workers. This visa requires proof of sufficient income (€2,000 per month) and health insurance. It allows remote workers to enjoy Greece’s vibrant culture and beautiful landscapes while working remotely (Digital Émigré) .
Golden Visas in the EU
Golden Visas have been popular among high-net-worth individuals looking to gain residency in certain EU countries through investment. These programs typically require a substantial financial investment in real estate, business, or government bonds.
Portugal Golden Visa
Portugal’s Golden Visa program allows investors to gain residency through investments starting from €280,000. However, changes are on the horizon. The Portuguese government announced plans to phase out the Golden Visa program by the end of 2024, aiming to address housing affordability issues (Forbes).
Spain Golden Visa
Spain also offers a Golden Visa for investors with a minimum investment of €500,000 in real estate. Spain is currently reviewing the program, and while there is no official end date, changes could be implemented to ensure the program aligns with national economic priorities (SpainVisa.es).
Greece Golden Visa
Greece’s Golden Visa requires a minimum investment of €250,000 in real estate. The Greek government has announced intentions to increase the minimum investment threshold to €500,000 in certain regions by 2025 to balance local market dynamics (SchengenVisaInfo).
Tips for Moving to the EU
- Research Visa Requirements: Each country has specific visa requirements and income thresholds. Ensure you meet these criteria before applying.
- Plan Your Finances: Demonstrating financial self-sufficiency is crucial. Prepare detailed proof of income, savings, and accommodation.
- Health Insurance: Comprehensive health insurance is often a requirement. Ensure your policy meets the specific standards of the country you are moving to.
- Language Skills: While not always mandatory, learning the local language can significantly ease the transition and integration process.
- Tax Implications: Understand the tax obligations in your new country. Consulting with a cross-border tax advisor can help optimise your tax situation.
Relocating to the EU for work or retirement involves careful planning and understanding the new regulatory environment. By staying informed and preparing thoroughly, you can ensure a smooth transition to your new life in Europe.
For detailed guidance and updates on moving to Europe, visit the EU Immigration Portal.
Hi I am Edward John owner and the driving force behind Edwards European Moving. I and other members of staff are trilingual speaking English, French, and Spanish. Edwards European Moving specialises in providing full door-to-door removal services across Europe. With a strong emphasis on professionalism and competence, the company has garnered a wealth of experience in house and business removals throughout the continent.