Having a European residency has many advantages.

For instance, you can get visa-free travel throughout Europe. With a European residency, you don't need additional documents when traveling within the Schengen member states for up to 90 days. Some of the countries which offer European residency include; Spain, Portugal, Netherlands, Italy, Germany, France, Belgium, and Austria. 

The Schengen Area

The Schengen Area is a term used to refer to 26 member states that have an agreement in place to remove internal border controls. Also, they have established a common visa policy. There are only a few EU countries that are not a part of the Schengen area, including Croatia, Ireland, and the United Kingdom. For international travelers, the Schengen Area works like a single state. How does it do this? By removing internal border controls between Schengen countries and having external border controls for visiting non-EU nationals.

Other Benefits

- Some of the residency programs provide a pathway to citizenship.
- When you get residency within the European Schengen Area, you automatically get a safe haven where you can relocate at short notice. 
- A European residency gives you passage into Europe’s high-quality education.

You can access excellent international schools and universities. 
- You may be allowed to pay low taxes in some of the European countries.

Considerations

The following are a few factors you should consider;
- All the residency programs have different investment criteria whereby you need to

have invested a certain amount of money.
- Some residency programs take long to process.
- The various fees charged such as professional consultation fees should be kept in mind.
- Some of the countries may require a proof of property purchased.
All applicants should provide the government with various documents such as penal records, proof of identity, and documents proving they have European Health Insurance.