You can get a home and a citizenship in these countries for less than ₹3 crore

As residency norms get easier, more people are considering relocating to nations that offer safety, permanent residency and low cost of living.

In fact, a lot of nations also offer residency, in exchange for an investment made in the real estate sector. For instance, Colombia offers permanent residency to foreign nationals who are willing to invest over ₹1 crore for a property.

Here are the countries where you can migrate.

Panama

Panama in Central America attracts foreigners with its tropical climate, a low cost of living, and strong safety credentials. Its Friendly Nations visa allows citizens from nearly 50 countries — including the United States, Japan and Australia to avail fast-track permanent residency. It however requires candidates to make a property investment of $200,000 (₹1.46 crore).

Colombia

Colombia is one of the most affordable places for relocation. It requires $150,000 (₹1.09 crore) investment to obtain permanent residency. In Cali, Colombia, one can buy an apartment at a posh location for nearly $45,100 (₹32 lakh).

Dubai


Dubai, in the United Arab Emirates charges $272,000 (₹1.9 crore) for residency. It offers golden visas to the foreigners who invest in the country.

Belgium

Belgium's residency by investment programme requires migrants to invest a minimum of $416,000 (₹3 crore) on property in the country. It gives golden visa a complete citizenship if they live for over five years.

The following also allows citizenship for a property investment but doesn't fall under the ₹3 crore bracket.

Cyprus

The island country located to the South of Turkey, Cyprus extends citizenship within 182 days of applying. However, it requires candidates to make an investment of $2.4 million (₹17.5 crore). Being a citizen of this nation allows them to travel visa-free to 146 countries — including Canada and Australia. The country also allows grandchildren to inherit citizenship by birthright.

Now, Cairo approves plans to grant Egyptian citizenship to foreigners who buy a home in the country. A government unit in the country would accept applications for residency in return for a $10,000 fee, as per Knight Frank report.