Golden visas and tax optimization: a guide for digital nomads
If you've ever dreamed of living and working in Europe, then a golden visa might be the answer to your problem. Golden visas are a way for non-EU citizens to own real estate and make an investment within one of the EU member states. They offer many benefits such as social security coverage, tax optimization opportunities and freedom of movement throughout all other member states with no additional visa requirements. In this guide we'll discuss what exactly a golden visa is, who can apply for one and how much it costs.
What is a Golden Visa?
A golden visa is a type of residence permit that allows you to live and work anywhere in the European Union (EU). It's also known as a permanent residency permit, because it gives passport holders access to all 28 EU countries.
You can get one by investing in real estate or start-ups in an eligible country, or through other means like contributing financially to an investment fund or buying government bonds issued by that country.
The first golden visas were introduced in 2012 by Portugal as part of its 'golden era,' which saw economic growth rates as high as 5%. The Portuguese government believed that this program would help boost its economy further by attracting wealthy people from outside Europe who wanted to relocate there for retirement purposes--and perhaps even become citizens!
How long can you stay in the EU with a Golden Visa?
A Golden Visa can be renewed for up to five years, meaning you can stay in the EU for a total of 10 years. You must apply for a renewal before your current visa expires.
To renew a Golden Visa, you will need to apply for an extension at least 90 days before your current visa expires. You can also renew your visa if you have a valid residence permit and have been living in Spain for at least three years.
What are the benefits of having a Golden Visa?
Golden Visas are a great way to live, work and do business in Europe. As a digital nomad, you can choose where you live and work--and if you have a Golden Visa it will be easier for you to move between different countries.
You'll also have the option of starting your own business in any EU member state (or one of their overseas territories). If your business is profitable enough to generate taxable income then this could provide another source of revenue which can help offset any taxes paid on rental income from property investments or other sources such as capital gains from selling shares held through an investment fund or unit trust fund.
When buying property with a Golden Visa there are several tax advantages: deductions may be available against mortgage payments; interest incurred on loans taken out by landlords who let out residential accommodation within five years before being granted citizenship under these schemes is tax deductible; while capital gains tax relief may also apply when selling properties bought after obtaining citizenship under these schemes within seven years after obtaining citizenship
How do you qualify for a Golden visa?
In order to qualify for a Golden Visa, you must be a non-EU citizen and meet the following requirements:
Invest €500,000 in real estate or €1 million in government bonds
Have been granted a residence permit in the country you're investing in
How much does it cost to apply for a Golden visa?
The fees for applying for a Golden visa vary from country to country. The application fee is usually paid when the paperwork is submitted and it is usually a percentage of the investment amount (e.g., 2% in Portugal). Applicants are responsible for paying these fees, but sometimes their spouses or family members can also contribute towards them.
Is there any extra paperwork or documentation that I will have to provide to the authorities?
There are some extra steps that you will need to take in order to obtain a golden visa. You'll have to provide a police certificate, tax clearance certificate and proof of income, as well as evidence of your assets. The process can be complicated and time-consuming so it's important that you are prepared beforehand with all the necessary documents.
If I've obtained a Golden Visa, can I move freely within the EU without needing a residence permit/visa in other countries?
If you've obtained a Golden Visa, congratulations! You can now move freely within the EU without needing a residence permit/visa in other countries. This means that if you want to go on holiday or relocate somewhere else in Europe, all you need is your passport and golden visa card (or some other form of ID).
However, this doesn't mean that every country will allow you entry without any hassle--some may require additional documentation or even refuse entry altogether based on their own immigration policies. For example:
If I go to Spain with my French-issued golden visa card but no Spanish residency permit, will they let me enter? We think so! As long as your passport shows that it was issued by an EU country and not Morocco or Tunisia (where these visas are sometimes issued), then we think it's likely they'll let you through customs without any problems at all!
But what if I want to live permanently somewhere else in Europe? Then things get trickier...
Will my investment be protected by the host country's laws on foreign ownership of property and land?
Yes, your investment is protected by the host country's laws on foreign ownership of property and land.
The golden visa program has been designed to ensure that investors are fully protected by the host country's laws on foreign ownership of property and land. In fact, European Union countries have gone out of their way to make sure that the golden visa process is transparent and fair for all involved parties (including governments).
A golden visa is an investment scheme that allows you to live and work anywhere in the EU
A golden visa is an investment scheme that allows you to live and work anywhere in the EU. It's a way of investing in a country's economy, buying a residence permit and getting access to Europe's Schengen Area (which means no more passport control when crossing borders).
To get one, you must make an investment of at least 500K EUR (or its equivalent in another currency) into real estate or government bonds. You won't get any citizenship rights with this type of visa: it only gives access to travel within Schengen countries without a visa for up to 90 days per year--and even then not all countries are included!
If you're looking to move abroad and live a more adventurous life, then a golden visa could be the right option for you. It can help you avoid some of the bureaucratic red tape involved in obtaining residency in another EU country, while also giving you access to healthcare and other benefits. However, it's important that you do your research before applying for one of these visas so that there are no surprises when it comes time for approval!
