All investor and entrepreneur immigration programs have qualifying costs, like real estate or government-backed bond purchase, contributions or minimum amount of investment in a business. However, living in Europa is more affordable than you would imagine even in the most exclusive locations! Let's take a look at some facts.
As the Member States of the European Union embrace the equal rights for the LGBT people, the cost of living is the same for a single hetero or gay person and a heterosexual or same-sex family.
Europe's most expensive cities are in Switzerland. The first seven settlements on Numbeo's "Europe: Cost of Living Index 2017" are all Swiss cities: Geneva, Basel, Zurich, Zug, Lausanne, Bern and Lugano. However, the countries with the most beneficial residency and citizenship by investment programs have distinct qualities and costs of living.
London
Naturally, the United Kingdom's Tier 1 Investor and Entrepreneur visas are simple tools to obtain the resident permit in Britain, Scotland, Wales or Northern Ireland but it good to know, that London, the most cosmopolitan city in the UK is the 25th on the European list and 32nd in the global comparison. A single person can survive from 747.63£, and the rent of a single room flat is approximately 1644£ monthly. And London is significantly cheaper than Monaco! The LGBT community enjoys the active support of the society in the United Kingdom. Gays can serve in the military, can marry, can enter into a registered civil union and can adopt children. Transgender people have the right to change their legal gender from 2005.
Do you want to live in the United Kingdom through the Tier 1 Entrepreneur or Investors visa? We hold your hands through the entire process of immigration! Ask for a consultation here!
Monaco
Monaco is another perfect option for wealthy gays, lesbians, bisexuals and transsexual people or couples but the luxury lifestyle, which is the standard in Monaco, costs a lot of money. To understand the difference between the two European cities with residency programs, it's enough to mention, that rental fees are 73% cheaper in London. Somehow, Monaco is still a livable country and not even so expensive for expats, who decide to qualify for the resident status. The necessary amount of money in a local bank account starts from 100,000 euros. The other requisite is to buy or lease residential property. A simple, one bedroom flat with sea view and parking, outside of the city centre (don't forget, it means five minutes drive because the Principality of Monaco is a mini-state) may cost 3,000 euros per month. As Monaco is a tax haven, and the real cost is only paying the lease, living in Monaco is not an extremely expensive place to live, and you don't have to pay income, capital gains, wealth, and inheritance taxes.
Are you interested living free in Monaco and live the luxury lifestyle in an idyllic Mediterranean dream environment combining grace and tranquillity? Contact us here!