1 year
Initial Duration
$4,500
Monthly Income
$100
Application Fee
$1,600
Cost of Living/mo
Highlights
Best digital infrastructuree-Residency programFast processing
Requirements
Income Requirement$4,500/month
Health InsuranceRequired
Proof of AccommodationRequired
Background CheckNot Required
Processing Time2-4 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration1 year
Renewal OptionsNot renewable, but can apply for e-Residency
Benefits
Work Permissionremote only
Tax Benefitse-Residency for EU business banking
Path to ResidencyNo
Path to CitizenshipNo
Family IncludedYes
Things to Consider
- Cold winters
- Higher income requirement
- Not renewable
Best For
- Tech workers
- Entrepreneurs
- Digital-first nomads
Lifestyle
Internet Quality5/5
Safety Rating5/5
Climatecontinental
TimezoneUTC+2/+3
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026