Romania is poised to become the latest European country to introduce a Golden Visa program, officially titled the Residency by Investment scheme, designed to attract substantial foreign investment by offering a renewable five-year residence permit in exchange for an investment of at least €400,000. Registered in Romania’s Senate on October 14, 2025, this bill marks a significant step toward opening Romania’s doors to non-EU investors seeking residence and eventual citizenship in the European Union.
Investment Options and Requirements
Eligible investors must commit at least €400,000 through one of several approved routes:
- Acquisition of real estate in Romania with a minimum value of €400,000, maintained for at least five years.
- Purchase of Romanian government bonds with a maturity of five years or longer.
- Investment in funds authorised by the Romanian Financial Supervisory Authority (ASF).
- Purchase of shares in companies listed on the Romanian stock exchange, worth at least €400,000.
Applicants must demonstrate the legitimate origin of funds, pass strict due diligence checks, and not be flagged on any international sanctions list. These security screenings involve Romania’s Intelligence Services and national anti-money laundering authorities.
Residency Benefits and Family Inclusion
Investors and their family members (spouse and dependent children) who obtain the Golden Visa will receive a five-year, renewable residence permit, enabling them to live, work, and study freely in Romania. The visa does not impose a minimum stay requirement, offering flexibility for travellers and families alike. Moreover, holders enjoy visa-free travel across the Schengen Area once Romania completes its full Schengen accession.
Pathways to Permanent Residency and Citizenship
After five years of maintaining the investment and residence status, Golden Visa holders may apply for permanent residency. Subsequently, they can seek Romanian citizenship under domestic law, which generally requires 8 years of residency but may be reduced to 5 or fewer in cases of economic contribution or other merit factors. The precise timeline for citizenship eligibility under the Golden Visa program remains subject to final legislative details.
Strategic and Economic Significance
Romania’s Golden Visa program is designed to stimulate the economy by attracting foreign capital, supporting real estate development, and creating job opportunities. Positioned as an attractive, cost-effective alternative to similar programs in Western and Southern Europe, it enhances Romania’s appeal as a gateway to the European Union market, with competitive investment thresholds and flexible residence options.
Legislative Outlook and Implementation Timeline
While the draft law has officially entered the legislative process in late 2025, it will require parliamentary approval, potential constitutional scrutiny, and the issuance of implementing guidelines before becoming operational. The program is expected to launch in mid to late 2026.
Romania’s Golden Visa offers a compelling proposition for investors seeking a foothold in Europe. With an accessible investment threshold, strong family-inclusion provisions, and an eventual path to citizenship, it reflects Romania’s growing ambition to attract high-net-worth individuals and position itself as a dynamic economic and cultural hub within the EU. Interested applicants should prepare for rigorous vetting and stay abreast of legislative developments to be well-positioned when the program becomes live.
