In this article, we discuss the 5 Cheapest countries to get permanent residency Heading into 2024. If you want to check out our detailed analysis, go directly 15 Cheapest countries to get permanent residency Heading into 2024.
5. Japan
Permanent Residency Score: 63
Access to Nationality score: 47
Insider Monkey average score: 55
Located in East Asia, Japan strategically offers easy access to other Asian countries as well as Australia, New Zealand, and the South Pacific Islands. The country’s diverse culture and robust economy position it favorably for consideration when selecting a place for residency. Despite a cost of living at $1,370, which is higher than some European countries but less than others like Germany, Belgium, Sweden, and Finland, Japan remains an attractive option. The peaceful nature of the country has earned it a remarkable 9th place in the Global Peace Index (GPI) rankings. Moreover, Japan’s policies aimed at facilitating integration of immigrants into permanent residency and nationality status are conducive, making it an appealing choice for many expats. Therefore, as we compile our list of the cheapest countries to obtain permanent residency heading into 2024, Japan secures the fifth position.
4. Belgium
Permanent Residency Score: 75
Access to Nationality score: 65
Insider Monkey average score: 70
When you think of Belgium, chocolate automatically comes to mind. However, this is not all that the country has to offer. With an estimated cost of living at $1,495, Belgium provides an affordable lifestyle. The availability of the best European healthcare and education systems, at low rates, is bound to attract expats. The country has also maintained a fairly high standard of peace, evident in its 20th ranking in the Global Peace Index (GPI). What’s of extreme significance for immigrants is the good intentions by Belgian authorities, reflected in their permanent residency and access to nationality scores. They are mindful of applicants’ rights and encourage a smooth transition, making Belgium an appealing choice for those seeking permanent residency.
3. Portugal
Permanent Residency Score: 71
Access to Nationality score: 86
Insider Monkey average score: 78.5
As with other European countries, Portugal is truly a sight to behold and one of the most alluring destination spots for expats. When life’s luxuries can be attained within an affordable range, it becomes an irresistible opportunity for many. In the current time period, Portugal stands out as one of the cheapest countries for obtaining permanent residency, making it a top choice for relocation. In our analysis for the list, Portugal met all our criteria with flying scores. From a low living cost of $1,038 to an impressive 7th ranking on the Global Peace Index, Portugal has great potential as a prospective relocation place. Moreover, the policies facilitating ease in permanent residency and nationality processes only add to its appeal, making Portugal one of the best options for those seeking a new home.
2. Finland
Permanent Residency Score: 96
Access to Nationality score: 74
Insider Monkey average score: 85
The label ‘world’s happiest country’ exudes a promising image for someone in the market for relocation, and various indicators point to this being an undeniable reality. The estimated cost of living at $1,536, while higher than some other countries, still falls within an affordable range. This becomes especially true when considering the free high-quality education and inexpensive, excellent healthcare availability. Additionally, Finland’s 13th ranking on the Global Peace Index (GPI) adds another compelling argument in its favor. The country is also among the few top nations committed to ensuring a smooth process for immigrant permanent residency and nationality. Therefore, when considering all these factors, Finland secures the second place in our list of the cheapest countries that also provide easy permanent residency.
1. Sweden
Permanent Residency Score: 90
Access to Nationality score: 83
Insider Monkey average score: 86.5
While enjoying the miracles of natural beauty, expats in Sweden can experience much more. The country provides residents with a high quality of life that includes a highly rated healthcare system, free education, and a peaceful life. All of this can be enjoyed at a monthly cost of $1,515. The Global Peace Index (GPI) ranks the nation 28th, indicating a secure environment for its people. The attainability of permanent residency and access to nationality also looks promising from their scores. Thus, Sweden comes out at the very top of our list of the cheapest countries to obtain permanent residency, heading into 2024.
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