Residency by Investment (RBI) is a government programme based on a clearly defined legal framework, wherein foreign nationals apply for Permanent Residency (PR) in a country by investing a minimum amount in a government-specified project or sector of the economy.
In most cases, Residency by Investment programmes are the quickest way to obtain residency in another country provided that certain criteria, apart from the initial investment, are met. These include professional skills or rare work experience.
Should the applicant be successful, a Permanent Residency visa will allow the holder to reside in the issuing country indefinitely, as well as travel easily into the country and neighbouring ones. The right to work in a country is more case-dependent: in some cases, establishing a business is permitted but the right to employment is not. Most times, permanent residency can pave the way to full citizenship through naturalization after continuous residency for a certain number of years.