The Paper Residency Database

•Immediate permanent residency.

•Income sources: Real estate rentals, investment dividends, annuities and corporate profit distributions.

•Immediate permanent residency.

•No minimum age requirement

•2-year temporary permit that converts to permanent residency if the investment is maintained.

•Capital can be placed in a registered Guatemalan company, government bonds or local real estate.

•Temporary permit renewable annually for 5 years, then converts to permanent residency.

•Income sources: Real estate rentals, investment dividends, annuities, corporate profit distributions and interest from bank deposits.

•Banking Requirement: Must open a local Honduran bank account and provide proof of monthly fund transfers of the minimum required amount to maintain the permit and qualify for annual renewals.

•Temporary permit renewable annually for 5 years, then converts to permanent residency.

•Banking Requirement: Must open a local Honduran bank account and provide proof of monthly fund transfers of the minimum required amount to maintain the permit and qualify for annual renewals.

•Temporary permit renewable annually for 5 years, then converts to permanent residency.

•Banking Requirement: Requires an initial $25K transfer plus a $5K refundable deposit upon application, with the remaining $25K invested according to a scheduled project timeline.

•Method A: ~$4,432 USD net monthly income (680x UMA)

•Method B: ~$74,687 USD in a savings account for at least 12 months (11,460x UMA)

•1-year temporary permit, renewable for another 3 years, then convert to permanent residency.

•1-year temporary permit, renewable for another 3 years, then convert to permanent residency.

•1-year temporary permit, renewable for another 3 years, then convert to permanent residency.

•Immediate permanent residency only available for retirees (usually 60+) with savings/investments, or passive/retirement income.

•Method A: ~$7,430 USD net monthly pension, annuity or social security income (1,140x UMA)

•Method B: ~$298,815 USD savings or investments for at least 12 months (45,850x UMA)

•2-year temporary permit that converts to permanent residency if the investment is maintained.

•Can be structured as a mix of real estate and a fixed deposit.

•2-year temporary permit that converts to permanent residency if the investment is maintained.

•The certificate of deposit (CD) must have a minimum term of 3 years.

•Can be structured as a mix of real estate and a fixed deposit.

•Method A: Create your own corporation and hire yourself as an employee.

◦Corporate Economic Solvency: Requires a ~$5K bank deposit in the corporate account.

•Method B: Get hired by a Panamanian company that handles the sponsorship and work permit process.

•2-year temporary permit that converts to permanent residency if the employment or investment is maintained.

•Also known as the "Golden Visa". Panama's premium fast-track residency program that grants immediate permanent residency within approximately 30 days.

•Open to all nationalities.

•Must hold the investment for at least 5 years.

•Higher government and legal fees, expect to pay north of $15K in fees for this setup.

•Funds must be invested in securities through the Panamanian Stock Exchange via a Panamanian brokerage firm.

•Also known as the "Golden Visa". Panama's premium fast-track residency program that grants immediate permanent residency within approximately 30 days.

•Open to all nationalities.

•Must hold the investment for at least 5 years.

•Higher government and legal fees, expect to pay north of $15K in fees for this setup.

•Also known as the "Golden Visa". Panama's premium fast-track residency program that grants immediate permanent residency within approximately 30 days.

•Open to all nationalities.

•Must hold the investment for at least 5 years.

•Higher government and legal fees, expect to pay north of $15K in fees for this setup.

•Immediate permanent residency.

•No minimum age requirement.

•If a married couple both have pensions, they can combine them to meet the $1,000 requirement.

•Dependents: Must show an additional $250/month for each dependent.

•Investment amount: Min $100K USD in real estate.

•Immediate permanent residency.

•No minimum age requirement.

•Dependents: Must show an additional $250/month for each dependent.

•Tier 1: Invest $100K USD in a government-certified reforestation project.

◦2-year temporary permit that converts to permanent residency.

•Tier 2: Invest $350K USD in a government-certified reforestation project.

◦Immediate permanent residency.

•Must hold the investment for at least 5 years.

•2-year temporary permit that converts to permanent residency.

•Open to Western, OECD and Latin American citizens (near-100% approval), while applicants from developing nations in Africa, Asia, and the Middle East face significant discretion and frequent rejection.

•Investment can be made over a 10-year period.

•Must commit to creating 5 formal jobs for Paraguayan citizens.

•Grants immediate permanent residency within approximately 45 to 90 days.

•Typically the only residency route for nationals from developing countries who aren't eligible for the TR-to-PR option.

•Grants immediate permanent residency within approximately 45 to 90 days.

•Fast-track Permanent Residency: Bypasses the 5 year temporary stage. Start with a 1 year probationary card, with all following card renewals valid for 4 year terms.

•Income sources: Real estate rentals, investment dividends, annuities, corporate profit distributions and interest from bank deposits.

•Banking Requirement: Must open a local Dominican bank account and provide proof of monthly fund transfers of the minimum required amount to maintain the permit. To renew your 1 year or 4 year card, you must provide 12-24 months of local bank statements showing consistent remittance.

•Fast-track Permanent Residency: Bypasses the 5 year temporary stage. Start with a 1 year probationary card, with all following card renewals valid for 4 year terms.

•Banking Requirement: Must open a local Dominican bank account and provide proof of monthly fund transfers of the minimum required amount to maintain the permit. To renew your 1 year or 4 year card, you must provide 12-24 months of local bank statements showing consistent remittance.

•No minimum age requirement

•Eligible Assets: Titled real estate, fixed-term certificates of deposit in a Dominican bank or capital contribution to a registered Dominican company.

•Fast-track Permanent Residency: Bypasses the 5 year temporary stage. Start with a 1 year probationary card, with all following card renewals valid for 4 year terms.

•Banking Requirement: Unlike income-based visas, there is no monthly fund transfer requirement. You must simply provide evidence that the $200K investment is still maintained at the time of renewal.

•Ownership of a residential unit (apartment or villa) that is "suitable for permanent living."

•The property must have at least 20 square meters of living space per occupant.

•2026 Threshold Note: While the 2026 law does not set a hard price floor, most administrative approvals now prioritize properties valued at €100K or higher to ensure the "suitability" requirement is met.

•1 year renewable residence permit.

•Direct investment of at least 10 million ALL into a newly incorporated or existing Albanian company.

•The business must demonstrate "active engagement," which typically involves hiring at least one local Albanian citizen or showing a verified business plan approved by a specialized commission.

•2026 Update: The initial permit duration for investors has been increased from 2 years to 5 years in a single issuance, significantly reducing renewal friction.

•5 year renewable residence permit. There is no statutory minimum stay requirement to keep the permit active, provided the business remains tax-compliant and "active" on paper.

•Bank Deposit: A term deposit of 100K AZN in a local Azerbaijani bank, maintained for the duration of the residency.

•Real Estate: Purchase of residential or commercial property with a registered value of at least 100K AZN.

•Government Securities: Purchase of state bonds or investment securities worth 100K AZN.

•1 year temporary residence permit, renewable annually (or in 2-year increments for higher investments). Maintenance only requires the capital to remain in place.

•Company Formation: Registration of an Azerbaijani legal entity with at least one foreign founder.

•Executive Role: The applicant must be appointed as the Director or Deputy Director of the company.

•The company must demonstrate "economic activity," which includes maintaining a registered office and filing monthly nil-returns or active tax reports via the ASAN Imza digital signature system.

•1 year renewable temporary residence permit. Maintenance requires corporate entity to remain in good standing. Taxes/social security for the director position are handled remotely.

•Alternative Investment Funds (AIFs): Investment of at least €512K in shares or units of a Bulgarian AIF managed by a licensed entity. These funds must invest primarily in Bulgarian assets (stocks, bonds, or real estate).

•Exchange-Traded Funds (ETFs): Investment of €512K in a Bulgarian ETF that tracks Bulgarian indices.

•Grants Permanent Residency immediately upon approval (typically within 6–8 months).

•Purchase of one or more residential properties in Bulgaria with a total value of at least €307K (600K BGN).

•1 year renewable temporary residency permit. To upgrade to Permanent Residency via this track, you must hold the permit for 5 years and meet the standard "physical stay" rules (30 months in 5 years), making it a weaker "paper" play than Option 1.

•Eligible Assets: You must invest at least €300K in one of the following:

◦New Residential Property: Must be a first-time sale from a developer.

◦Commercial Real Estate: Offices, shops, or hotels (can be resale).

◦Cyprus Company Shares: A company operating in Cyprus with at least 5 employees.

◦Investment Funds: Units in a Cyprus-regulated AIF, AIFLNP, or RAIF.

•Immediate permanent residency. The card is renewed every 10 years, but your status is permanent as long as you maintain the investment.

•Purchase one or more non-agricultural properties with a combined market value of $150,000 USD.

•Must be certified by an accredited Georgian appraiser within 12 months of application.

•1 year temporary residence permit renewable annually. To qualify for Permanent Residency, you must hold this permit for 10 consecutive years.

•Eligible Assets:

◦Real Estate Track: $300K USD in property.

◦Business Track: $300K USD into a Georgian company. Requires annual turnover milestones: $50K (Year 1), $100K (Year 2), and $120K (Years 3 to 5).

•5 year temporary residence permit. This is the "fast track" to Permanent Residency, which can be granted after 5 years instead of 10.

•Eligible Assets: In 2026, the threshold is €800K (~$920K USD) for prime areas (Athens, Thessaloniki, Mykonos, Santorini, and islands with >3,100 people) and €400K (~$460K USD) elsewhere. These must be single units of at least 120 sqm. However, the €250K (~$288K USD) entry remains for: (1) Commercial properties converted to residential use before the application, or (2) Restoration of listed heritage buildings.

•Immediate permanent residence permit valid for 5 years. It is renewable indefinitely every 5 years as long as the investment is maintained.

•Eligible Assets: For "Paper" residents who want zero property maintenance, you can invest in:

◦Time Deposit: €500K (~$575K USD) in a Greek bank with a 1 year automatic renewal.

◦Greek Government Bonds: €500K (~$575K USD) with a maturity of at least 3 years.

◦Mutual Funds: €350K (~$403K USD) in funds investing in Greek equities or bonds.

◦Traded Securities: €800K (~$920K USD) in shares or corporate bonds traded on Greek markets.

•Immediate permanent residence permit valid for 5 years. Renewable indefinitely. This is the lowest-friction route for those avoiding local property taxes and the 2026 Airbnb ban.

•Eligible Assets: A capital contribution of at least €250K (~$288K USD) into a startup registered with the National Registry of Startups (Elevate Greece). This is a 2026 priority route designed for entrepreneurs. It requires the creation of at least two new local jobs within the first year of the investment.

•Immediate permanent residence permit valid for 5 years. Renewable as long as the startup remains active and job creation requirements are met.

•Eligible Assets: Investment units in a real estate fund registered with the Hungarian National Bank (MNB), or a €1M donation to a designated higher education institution. The fund must hold at least 40% of its net asset value in Hungarian residential real estate.

•10 year Temporary Residency: This is a 10 year temporary permit. It is renewable for another 10 years as long as you maintain the investment. This provides a decade of back pocket security without the hassle of frequent renewals.

•Eligible Assets:

◦Business Investment: €50K (~$55K USD) in the equity of a Latvian company (plus a €10K state fee). Note: The company must pay at least €40K in annual taxes to maintain the permit.

◦Real Estate: €250K (~$275K USD) in a single property (if in Riga or Jurmala) or up to two properties elsewhere. A 5% state fee and 2% stamp duty apply.

◦Bank Deposit: €280K (~$308K USD) in subordinated bank capital for a 5-year term. A €25K state fee applies.

◦Government Bonds: €250K (~$275K USD) in zero-interest state bonds for 5 years. A €38K state fee applies.

•Grants temporary residence permit which is valid for 5 years. To convert to permanent residency, you must reside in Latvia for 4 out of 5 years and pass an A2 language exam. If you do not meet these physical stay requirements, the TR can be renewed for another 5 year term upon expiry for a €5K state fee.

•Eligible Assets: Must demonstrate total net assets of at least €500K with at least €150K held in liquid assets. Alternatively, you can show €650K in total assets with €75K in liquid assets. This is a mandatory wealth test.

•Rental Path Option: Lease a residential property for at least €14K/year for a minimum of 5 years.

•Mandatory Fees: €60K administrative fee, a €37K government contribution and a €2K NGO donation.

•Immediate permanent residency. Your physical ID card is renewed every 5 years. After the initial 5 years, you may sell the house or find a new lease. You must have an address in Malta to maintain your permanent residency status.

•Eligible Assets: Must demonstrate total net assets of at least €500K with at least €150K held in liquid assets. Alternatively, you can show €650K in total assets with €75K in liquid assets. This is a mandatory wealth test.

•Real Estate Purchase Option: Buy a residential property for at least €375K.

•Mandatory Fees: €60K administrative fee, a €37K government contribution and a €2K NGO donation.

•Immediate permanent residency. Your physical ID card is renewed every 5 years. After the initial 5 years, you may sell the house or find a new lease. You must have an address in Malta to maintain your permanent residency status.

•Eligible Assets: Units in a Portuguese Venture Capital (VC) or Private Equity fund that is not real estate-focused (€500K) or a donation to national heritage/arts (€250K). Note: Direct real estate purchases no longer qualify in 2026.

•Temporary permit renewable every 2 years as long as you maintain the investment. Converts to permanent residency after 5 years.

•Social Projects: A non-refundable contribution of 15 Million RUB (~$165K) to government-approved regional social or infrastructure projects.

•Real Estate (Regional): Purchase of residential or commercial property worth 25 Million RUB (~$275K) in any region except Moscow/St. Petersburg. Property must be <2 years old.

•Real Estate (Metropolitan): Purchase of property worth 50 Million RUB (~$545K) in Moscow or Saint Petersburg.

•Government Bonds: Investment of 30 Million RUB (~$325K) in Russian state bonds (OFZ), held for a minimum of 3 years.

•Grants immediate Permanent Residency, bypassing the 3 year Temporary (TRP) stage.

•New Business: Creation of a Russian company with a minimum capital injection of 10 Million RUB and the creation of at least 10 local jobs.

•Existing Business: Direct investment of 30 Million RUB into a Russian legal entity that has been operational for at least 3 years and meets specified tax contribution thresholds.

•Grants immediate Permanent Residency. The business must remain in "Good Standing" with the Federal Tax Service (FTS) to ensure the residency is renewed at the 3 year biometric cycle.

•Approved Residential Schemes: Purchase of a villa, penthouse, or apartment within the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Property Development Scheme (PDS), or Smart City Scheme.

•G+2 Apartments: Purchase of an apartment in a building with at least two floors above ground, provided the purchase price is at least $375K USD.

•Serviced Land: Non-citizens may also purchase a serviced plot of land in a PDS or Smart City development, provided a residence is built within a specified timeframe.

•10 year residency permit, renewable indefinitely as long as the property is owned. The permit is issued as soon as the deed of sale is signed and the funds are transferred.

•Foreign Sourced Income: Proof of a monthly transfer of at least $2K USD (or an annual sum of $24K) from a source outside Mauritius into a local Mauritian bank account.

•Note: Applicants must be at least 50 years of age. Unlike the property route, this does not require a large upfront capital outlay but requires consistent monthly or annual banking activity.

•10 year renewable residency permit. After 3 years of holding this permit, the holder is eligible to apply for a 20-year Permanent Residence Permit.

•Net Worth: Proof of a global net worth of at least 12 million South African Rand. This can be held in any currency and located anywhere in the world.

•Approval Fee: A one-time statutory government fee of ZAR 120K (~$6,500 USD), payable only upon approval of the application.

•Grants immediate Permanent Residence Permit (PRP). Once issued, it is valid for life.

•Monthly Income: Proof of a lifelong irrevocable income (pension, annuity, or dividends) of at least ZAR 37K per month.

•Cash Alternative: A capital sum in a global bank account that meets the income threshold when divided by the visa duration (approx. $100K USD for a 4-year term).

•Issued as either a 4-year renewable Temporary Residence or a lifetime Permanent Residence. The TR is granted for lump-sum savings or flexible passive income, while the PR requires proof of a guaranteed lifelong income (e.g., a pension or annuity). Both statuses carry a 0-day annual stay requirement. There is no legal minimum age.

•Real Estate: Ownership of one or more residential properties in designated "Investment Zones" (e.g., Durrat Al Bahrain, Amwaj Islands, Reef Island) with a total registered value of at least 130K BHD.

•10 year renewable residency permit. The permit remains valid indefinitely as long as the property remains in the applicant's name.

•Eligible Assets:

◦Completed Real Estate: One or more residential properties with a total value of AED 2,000,000 (~$545,000 USD).

◦Off-Plan Property: Units under construction with a total value of AED 2,000,000 (~$545,000 USD). Note: As of 2026, the previous requirement to have paid at least AED 1,000,000 (~$272,000 USD) upfront has been removed. Eligibility is based on the total contract value.

◦Mortgaged Property: Eligible if the total property value is AED 2,000,000 (~$545,000 USD) or more, regardless of the equity amount paid to date.

◦Public Investment: A 10-year deposit of AED 2,000,000 (~$545,000 USD) in a UAE investment fund or a capital contribution into a local company.

•10 year renewable residency permit. This is a federal status that does not require a local sponsor and allows the holder to remain outside the UAE for any length of time without losing residency.

•Cash Deposit: A deposit of $100K USD in a "Visa Programme Foreign Currency Account" (VPFCA) with a licensed Sri Lankan commercial bank.

•Property: Acquisition of immovable property (condominiums) worth at least $100K USD.

•Equity/Debt: Investment in at least 10% voting shares of a local company or government debt securities (Treasury bonds) with a minimum 5-year maturity.

•5 year renewable residence permit.

•Fixed Deposit: A deposit of $200K USD into a VPFCA. You may withdraw up to 50% of the principal after the first year, provided you maintain a minimum balance of $50K USD for the remainder of the 10 year term.

•Large-Scale Equity: Investment of $200K USD in local businesses or Colombo Stock Exchange (CSE) listed equities.

•10 year residence permit (typically endorsed in two 5 year stages).

•Charter Capital: A direct investment of $300K into the charter capital of a Kazakhstani legal entity (non-extractive sectors preferred).

•Public Securities: Purchase of local publicly traded securities listed on the Kazakhstan Stock Exchange (KASE) or Astana International Exchange (AIX) valued at $300K.

•Grants an immediate 10-year multiple-entry investor visa, which functions as a long-term residency permit. The permit remains valid as long as the investment is maintained.

•AIX Securities: Purchase of financial instruments (stocks or bonds) listed on the Astana International Exchange (AIX) worth at least $60K.

•AIFC Legal Entity: Investment of $60K into the shares of a company registered within the AIFC (English Law jurisdiction).

•5 year renewable visa.

•Real Estate: A minimum investment of $100K USD in a government-approved real estate project (typically high-end condominiums in Phnom Penh or Sihanoukville).

•Membership Fee: A one-time administrative/membership fee of $50K USD paid to the Khmer Home Charity Association (the official government partner).

•10 year renewable Golden Visa.

•Non-Refundable Contribution: A one-time donation of $50K USD to the state. This is the lowest out-of-pocket entry for a 10 year residency in 2026.

•Bank Deposit: A fixed deposit of $150K USD in a local Cambodian bank.

•Property Entry: An alternative entry point of $85K USD for specific smaller-scale approved properties.

•10 year renewable visa status.

•Minimum investment of $350K USD in Indonesian government bonds (ORI/SUKUK), shares of companies listed on the Indonesia Stock Exchange (IDX), or Indonesian mutual funds.

•Note: The application is 100% digital via the official e-visa portal. No interview or physical visit to an embassy is required for the initial approval.

•5 year multi-entry residence permit. The e-visa and re-entry permit are issued automatically upon approval.

•Financial Assets: A minimum investment of $700K USD in government bonds or IDX-listed public company shares.

•Real Estate: A minimum purchase of $1M USD in luxury apartments or flats in Indonesia. Note that land (landed houses) remains restricted to leasehold titles for foreigners, but the Golden Visa provides the longest legal security for these holdings.

•10 year multi-entry residence permit.

•Cash Deposit: A deposit of IDR 2 billion (approx. $130K USD) in a state-owned Indonesian bank.

•Alternative: Proof of ownership of a luxury apartment in Indonesia worth at least $1M USD (similar to the Golden Visa route but under a different legal category).

•5 year renewable visa. While it has a lower entry point than the Golden Visa, it requires entering the country to finalize the bank deposit within 90 days but maintains a 0-day stay requirement thereafter.

•Fixed Deposit: A deposit of RM 1,000,000 into a Malaysian bank account. After 12 months, 50% can be withdrawn for property purchase, medical expenses, or education in Malaysia.

•Monthly Offshore Income: Proof of recurring income from outside Malaysia of at least RM 40,000 (~$8,500 USD) per month.

•Government Fee: A one-time participation fee of RM 200,000 (~$42,500 USD) for the main applicant and RM 100,000 per dependent.

•20 year renewable residence permit. The only investor visa that grants the legal right to work, study, and own businesses in Malaysia without additional permits.

•Important Note: Paper Residency based on our criteria only applies to applicants aged 50+; those under 50 are subject to a 90-day annual physical presence requirement.

•Silver Tier: $150K USD (RM 700k) deposit + mandatory purchase of property worth at least RM 600,000.

•Gold Tier: $500K USD (RM 2.3M) deposit + mandatory purchase of property worth at least RM 1,000,000.

•Platinum Tier: $1M USD (RM 4.7M) deposit + mandatory purchase of property worth at least RM 2,000,000.

•Visas valid for 10 (Silver), 15 (Gold), or 20 years (Platinum). All Mainland MM2H tiers now require the purchase of residential property, which must be held for at least 10 years.

•SRRV Smile: A $20K USD (Age 50+) or $50K USD (Age 35–49) fixed deposit in a PRA-accredited bank. The funds must remain untouched to maintain the visa.

•SRRV Classic: Same deposit amounts as "Smile," but allows the funds to be converted into an investment in a RFO (Ready For Occupancy) condominium unit worth at least $50K.

•Note: If you have a pension of $800/mo, the deposit for those age 50+ drops to $10,000 USD.

•Grants immediate permanent non-immigrant visa with indefinite stay and multiple-entry privileges.

•Approved Investments: The $75K must be invested in publicly listed companies, companies engaged in "Investment Priority Plan" areas, or manufacturing/service sectors.

•Capital Allocation: Direct real estate (condos/land) does not qualify for SIRV. It must be active business or stock market capital.

•Initial status is a 6 month Probationary Visa. It is only converted to Permanent status once the Board of Investments (BOI) verifies the active investment.

•This option is a more complex "Paper" play than the SRRV because it requires an annual report to the Board of Investments (BOI) to prove the capital is still active.

•No proof of income or assets is required. Applicants must pass a standard criminal background check (4 to 8 weeks).

•5 year multiple-entry "Privilege Entry" visa.

•Additional family members can be added for a fee of THB 1,000,000 (~$30,600 USD) per person.

•10 year multiple-entry "Privilege Entry" visa (issued as two 5 year visa stickers).

•Additional family members can be added for a fee of THB 1,500,000 (~$46,000 USD) per person.

•15 year multiple-entry "Privilege Entry" visa (three 5 year stickers). This tier includes premium perks like free domestic flights on Bangkok Airways and specialized insurance packages.

•Limited to 100 new members per year. This is the only tier where the membership is legally transferable to another person for a 20% fee.

•20 year multiple-entry "Privilege Entry" visa (four 5-year stickers). This is the "ultimate" status, providing access to the Reserve Club and a dedicated Elite Personal Assistant (EPA) for all government and lifestyle interactions.

•Wealthy Global Citizen: You must show at least $1M USD in global assets and a personal income of $80K USD per year for the last two years. Additionally, you must invest at least $500K USD in Thai government bonds, Thai real estate or a Thai company.

•Work-from-Thailand Professional: Requires a personal income of $80K USD per year for the last two years. Your employer must be a publicly listed company or a private company with at least $150M USD in combined revenue over the last three years.

•10 year residency permit (issued as two 5 year blocks). This is a formal non-immigrant visa that carries 0 days of required stay. It is the most robust paper residency for those who want a 10 year residency without the $50,000+ upfront fee of the Thailand Privilege.

•Asset Proof: You must show proof of global net assets totaling at least $350K USD. This can be in the form of bank statements, property valuations or stock portfolios. You do not need to move this money to Vanuatu.

•Fee Specifics: The $10,500 USD price is the standard 2026 all-in cost for a single applicant, covering the $2,500 government application fee, $3,000 certificate fee, and $5,000 agent processing fee.

•10 year Permanent Residency certificate. 100% remote with no biometric requirement for the card issuance.

•Certified Income: Proof of a recurring monthly income of $2,100 USD (for a single applicant) or $4,200 USD (for a couple).

•Bank Trust: A letter from a Vanuatu bank verifying a deposit sufficient to cover a return flight to your home country.

•Temporary residence permit valid for 1 year and renewable annually. This route requires much higher administrative upkeep than the 10 year PR card due to the recurring income reporting requirements.