What is a Golden Visa and How to Get One
The Golden Visa program is an excellent way to obtain a European residency permit and, eventually, EU citizenship. It allows people who invest in property or businesses outside of their home country to obtain long-term residency rights within the European Union.
In this post we'll explain what exactly a golden visa is, how it works and what are the best countries to apply for one.
The Golden Visa scheme is an excellent way to obtain a European residency permit and, eventually, EU citizenship.
Golden Visa is an excellent way to obtain a European residency permit and, eventually, EU citizenship.
The Golden Visa scheme allows non-EU nationals who meet certain requirements to apply for a residence permit in one of the participating countries. Once granted this type of visa, you can stay in your host country for up to five years before applying for permanent residence status or even citizenship (if eligible).
This process can be completed within six months if you have all your paperwork together when applying for your Golden Visa.
The Golden Visa program was launched in Portugal in 2012 and has since spread to several other Mediterranean countries.
The Golden Visa program was launched in Portugal in 2012 and has since spread to several other Mediterranean countries. Spain, Greece, Cyprus and Malta have all launched their own versions of the scheme with varying degrees of success.
The idea behind these programs is simple: Investors who buy property or invest in businesses can receive permanent residency visas for themselves and their immediate family members as a reward for their investment.
Some countries allow investors to apply for citizenship after five years of being invested in their economy; others say it can take up to 10 years.
Some countries allow investors to apply for citizenship after five years of being invested in their economy; others say it can take up to 10 years. The minimum investment amount varies from country to country, but most require an investment of at least €500,000 (approximately $570,000). Some countries require a minimum investment of €350,000 ($393,000).
If you're interested in buying property abroad, the first step is finding out how long it takes to process your application and what is required of you at each stage.
You should also make sure that you have the right documents and information to apply for a Golden Visa. You must provide proof of funds, which will be verified by an independent third party. The amount required varies from country to country, but it's usually around EUR250,000 (roughly USD300K).
You will also need evidence that you have no criminal record in your home country and are not on any sanctions lists.
A property purchase is just one way to invest in a golden visa program. You can also make an investment into a company or fund.
A property purchase is just one way to invest in a golden visa program. You can also make an investment into a company or fund.
A minimum investment of €500,000 is required when you make an investment into a company or fund. You cannot invest more than 10% of your total assets in any one company or fund, and you must provide proof that the company has been operating for at least three years before making your application for citizenship.
You may only invest in one company or fund under this option (if there are multiple funds available), but it will depend on which country's citizenship program you choose to apply for if they allow multiple investments from different funds within their borders.
It's important that any funds being used as part of an applicant's golden visa application meet certain criteria: They should be registered in the country where he/she is applying; they should not be controlled directly by another party (such as another subsidiary); no more than 25% of its shares can be owned by non-EU citizens; and its primary purpose must be related directly back towards promoting economic development within Europe through job creation or facilitating research & development activities
Getting residency abroad can be complicated and there are many ways that this process can go wrong, so it's best to consult with experts who have experience with these kinds of programs
Getting residency abroad can be complicated and there are many ways that this process can go wrong, so it's best to consult with experts who have experience with these kinds of programs. In some cases, people try to save money by doing their own research on the internet or consulting with friends and family who may not know what they're talking about. This is dangerous because if you make a mistake in your application then you could end up having to pay for another one or even worse: get deported!
If you're not sure what you're doing, it's best to consult with experts who have experience with these kinds of programs