Processing Time
2-4 months
Cost
Approximately $250 USD plus translation and administrative fees
Duration
1 year, renewable up to 3 years
Work Rights
Can establish own business or work independently, cannot be employed
Renewability
Annual renewal required
Path to Permanent Residence
Yes
Requirements
- 1Passive income of $1,700-2,000+ USD/month
- 2Proof of income source (bank statements, contracts, pension documents)
- 3Valid passport with 6+ months validity
- 4Clean criminal record certificate (apostilled)
- 5Proof of address
- 6Health insurance coverage
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