We have received many questions about European permanent residency. First of all, what is a residence permit? A residence permit is a legal status granted by a government to a foreign national, allowing them to live, work or study in the country. It is essential to debunk the misconceptions about the value and limitations of a permanent residence permit. Let’s shed light on the top 5 myths you might have.
Myth 1: Permanent residency allows you to live in any European country
It is not valid. For example, if you receive a permanent residence permit in Germany, you can settle and live there, but not in any other European country. The same applies to all other countries.
Myth 2: You can work in any European country with a permanent residency
This is not true. More precisely, you can work in the country where you have a work permit. Some residence permits, such as in Latvia, are also work permits.
Myth 3: You will receive free healthcare with a permanent residency.
Healthcare is not free in Europe. A residence permit allows you to access the country's healthcare system. However, the costs depend on your insurance and/or taxpayer status in that specific country.
Myth 4: You will get free education in any EU country with a permanent residence permit
This is not true. Your children can attend public schools in the country where you have a permanent residence permit for free. Public schools, which are usually taught in the local language, are not the same as private English (or French) schools, which offer instruction in English. You must be a citizen of an EU country to get reduced tuition fees at any EU university.
Myth 5: A permanent residence permit is good, while a temporary residence permit is bad
It is not valid. Temporary residence and permanent residence offer almost the same rights and benefits that citizens enjoy.
As the name suggests, a temporary residence permit is limited in time (usually 1 to 5 years). On the other hand, a permanent residence permit is issued for life. However, you must renew both types of permits every 5 or 10 years.
As for your rights, temporary and permanent residence are almost the same.
We can help you find the residence permit that fits your budget and future plans. Get your free investment residence quote.
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