Euro USD parity: A privilege for investors seeking European residency

Amid the huge economic setbacks in the European countries, the Euro exchange rate has fallen to a 20-year low against the US Dollar. One year ago, the Euro was trading a little under $1.20, but the depreciation has accelerated since then, achieving parity with the US Dollar.

With this decline in the value of Euro against dollar, there is a great opportunity for high-net-worth individuals to invest in Europe and get more for their dollars. Individuals or investors who have their wealth in USD or any other currency pegged to it and are looking to obtain a European residency and avail the substantial benefits associated to it, this is the perfect time to apply for a citizenship or?residency by investment ?program from?Portugal ,?Greece ,?Spain ,?Malta , and?Cyprus , among others.

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Perfect time to own a property

High-net-worth individuals and investors who have US Dollars, and are planning to spend it on European assets, will find everything including property prices, medical care services, education, and renovation costs cheaper after the Euro’s devaluation. So, this is the right moment to purchase properties that are priced in Euros to benefit from the Euro’s depreciation.

The Euro currency has plunged around 17% year-on-year compared to the dollar. This implies that applicants whose assets or income is in US Dollars may obtain the Portuguese Golden Visa for 17% less of what they would have paid in July 2021. An investor who paid 100,000 Euros for a property in Portugal a year ago would have spent a total of $122,000. However today, the same 100,000-Euro investment would cost him $104,000. This big savings opportunity is extremely rewarding.

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Time to invest in lucrative sectors

For investors and business owners looking to spend a significant amount of money and invest in Europe, this is also an excellent time to do so. European countries that offer residency by investment have proved to be more resilient than ever, indicating that there is a lot of hope and confidence for businesses. They are also considered attractive touristic destinations, therefore, there is huge potential amid the drop in the value of Euro for investments in developing hotels, restaurants, and other tourism related initiatives. The renewable energy industry has also proven to be one of the most appealing for investors who can work in solar panels. Over the last few years, the IT sector has also experienced rapid expansion in Europe, therefore, investors are looking more often to take advantage of the success and expertise gained in the sector. For Investors holding US Dollars, the Euro’s drop provides them a great opportunity to invest in Europe and get more for their dollars.

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More affordable services

For those investors who are looking to make property inspection tours or renovate old properties they own, the general cost of living in Europe, along with cost of travel, has also plummeted for US Dollar holders. A robust dollar also stimulates tourists who spend dollars to come to these hotspots and rent out the overseas property bringing high returns and long-term capital gains.

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Euro’s drop not concerning

When a country’s economy appears to be struggling, new investors turn out to be more apprehensive and hesitant of investing in that region, but the current drop of Euro is not cause for concern. This is because Europe’s ongoing investment in infrastructure, technology, and education offers confidence in Europe’s economic viability in the long term. Europe will find solutions for this burden and will normally return to the previous exchange rates. This means that once Euro recovers in value, investors will get to double their gains by adding the foreign exchange gains to any capital appreciation that the property experiences.

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Lifetime opportunity

Individuals who are looking to obtain a Golden Visa or?residency by investment ?from a European country that offer such schemes, is a once-in-a-lifetime chance that has presented itself now, because investing in a property in Portugal, Spain, Malta, or Greece is nearly 85% of what it cost one year ago. Investors can take advantage of the many benefits, mainly having access to social services, top-notch education and health services, visa free travel to more than 150 countries, tax exemption, and massive business opportunities.

For more information required about obtaining Golden Visa by Investment or Residency by investment, and the steps required, please visit?this page .