In July 2015, through Act 63/2015 and Regulatory Decree 15-A/2015, the options for required investment were revised and new ones were added.
1) Property purchase
a) Acquisition of one or multiple properties (without location restriction)
Non-Residential Property | EUR 500,000
Non-Residential Renovation Property | EUR 350,000
b) Acquisition of one or multiple properties older than 30 years or located in areas of urban regeneration (with location restriction).
Property in low density areas | EUR 400,000
Renovation Property in low density areas | EUR 280,000
Additional fees
In addition to the purchase of real estate, there are additional purchase fees to be paid:
Property Transfer Tax (IMT) | 6-8% (depending on the purchase price)*
*6.5% for non-habitational purposes
Annual Property Tax (IMI) | 0.3 – 0.8%
Additional Municipal Property Tax (AIMI) | 0.4 - 0.7%
Stamp Duty | 0.8%
Family process analysis | EUR 81.10
On-going costs during period of EU Permanent Residency (SEF Authorities):
ARI Permanent Residency card (Per Family Member)
On-going costs during period of EU Permanent Residency (SEF Authorities):
New | EUR 5,325
Renewal (12-36 months) | EUR 2,663
Renewal (36-60 months) | EUR 2,663
ARI Permanent Residency 60-84 months.
Permanent residency | EUR 7,455
iWA Properties professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.