The growth of wealth in Asia is unprecedented and shows no sign of stopping. In fact, according to Statista, Asia accounts for over 25% of the world’s HNWIs today. Additionally, Asia is forecast to see the strongest growth over the next five years, surging from 395,070 to 528,100 high-net-worth individuals, outpacing traditional wealth hubs like Europe and North America.
This trend is supported by Asian nation’s GDP growth, which accelerated in four of the six countries in the region: Malaysia, the Philippines, Thailand, and Vietnam. Strong performance across services and manufacturing sectors, particularly electronics, helped boost the region’s economy. The Philippines and Vietnam continued as the region’s top two performing economies, growing at 6.3% and 6.9%, respectively, with Malaysia coming in third with 5.9%.
Outflow of HNWIs
As prosperity rises, so does the desire for greater global access, stability, and diversification. While this trend is not entirely new. Investors from Asia have long been drawn to Europe for its stability, lifestyle, and long-term prospects, the recent surge in the number of millionaires across countries like Vietnam, the Philippines, Indonesia, and Singapore has brought renewed attention to this movement.
As private wealth grows, so does the demand for greater global access and diversification. What was once a preference among a select few has now become a strategic priority for a broader segment of Asia’s high-net-worth individuals (HNWIs), making Europe’s Residency by Investment (RBI) programmes more relevant than ever in long-term wealth and mobility planning.
What makes Europe so appealing to Southeast Asian investors?
A key motivator is Europe’s strong economic and political foundation, characterised by reliable governance, the rule of law, and trusted financial institutions. This offers a sharp contrast to the volatility of many emerging markets. European residency also significantly enhances global mobility, providing visa-free access across EU countries. For those who pursue citizenship, this expands to visa-free or visa-on-arrival access to up to 190 destinations, including the Schengen Zone, the UK, and key regions in the Americas and Asia.
Beyond mobility, Europe appeals for its world-class education and healthcare systems, which become more accessible through residency programmes. Given the strong family-centric values in many Asian cultures, investing in these programmes is often driven by a desire to create a lasting legacy. European residency benefits typically extend to spouses and children, ensuring access, opportunity, and security for future generations, often with a clear pathway to citizenship.
Top European programs for Southeast Asians
A number of EU programs are garnering strong interest from Southeast Asian Elites, such as below:
Greece
Greece offers one of the most accessible Golden Visa programmes in Europe, with real estate investment starting from just €250,000. Launched in 2013, the programme grants non-EU investors a five-year, renewable residence permit, with no minimum stay requirement. Successful applicants gain visa-free access to 33 European countries, including the entire Schengen Zone. The average processing time ranges from 3 to 6 months, making it one of the faster routes to European residency.
In 2023, Greece saw a surge in Golden Visa applications, primarily from China, Vietnam, and the Middle East, prompting regional price increases in popular urban areas. Citizenship Invest offers a curated portfolio of pre-approved properties, ensuring compliance with government requirements. The programme benefits spouses, children under 21, and both parents, making it a compelling option for family relocation and long-term planning.
Malta
The Malta Permanent Residence Programme (MPRP) is regarded as one of the most prestigious EU residency options, offering non-EU citizens a permanent residence permit. Malta, an EU member since 2004, grants visa-free access to 29 Schengen countries, making it a sought-after programme destination for global investors. The average processing time is 4 to 6 months, providing a relatively swift route to EU residency.
To qualify, applicants must purchase real estate valued at a minimum of €375,000 or rent a property for at least €14,000 annually. They must also make a non-refundable government contribution €30,000–€60,000m depending on the investment type, and a €2,000 charitable donation. The programme also accommodates spouses, children under 18, and parents over 55, making it suitable for multi-generational families seeking European access and long-term security.
Portugal
The Portugal Golden Visa programme, established through Act 23/2007 and amended in 2012, offers non-EU investors a temporary residence permit for up to five years through qualifying investments. Uniquely, the programme allows investors to apply for Portuguese citizenship after five years without the need to reside in the country. With a processing time of 8–10 months, it remains one of Europe’s most flexible and attractive investment migration options.
Applicants can gain visa-free access to 33 European countries, including the entire Schengen Area, by making a minimum capital transfer of €200,000. The visa extends to spouses, children under 18, and financially dependent adult children and parents. With a clear route to citizenship and minimal physical presence requirements, Portugal remains a top choice for investors seeking long-term European access and family security.
Italy
Italy offers Southeast Asian investors a unique blend of lifestyle, legacy, and swift access to Europe through its Residency by Investment program. With options starting from just €250,000 in an innovative startup listed by the Italian Chambers of Commerce or €500,000 in an Italian joint-stock company, investors can secure a residence permit in as little as 30 days, one of the fastest among residency by investment programs. Residency in Italy grants visa-free travel across the Schengen Zone, enhancing mobility throughout Europe. Combined with Italy’s rich cultural heritage, top-tier education, and strategic EU location, this program offers a compelling pathway for families seeking long-term value and security.
Partner with a trusted expert
At Citizenship Invest, we specialise in guiding Southeast Asian clients through the complexities of global investment migration. Our expertise spans every step, from identifying the best-fit program to handling applications and real estate acquisition.
Contact us today to begin your journey to Europe through investment.
