Which countries have golden visa: The Definitive Guide
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by Real Estate Barcelona
- 20 December, 2021
- Real Estate Advice
- 0
Golden Visa Programs are established in many countries to provide an opportunity for those who wish to obtain citizenship or residency through economic investment in property, non-refundable contributions, industries, job creation, and others. The objective is basically to attract investors to put their faith in new projects.
The integrity of the programs also depends on the type of investment they are interested in. To qualify for the programs, investors must meet certain criteria.
But what is a golden visa, and who can apply for it?
Source: Best Citizenships
Canada golden visa program remains suspended until 2023
What is a golden visa?
A golden visa is a type of permit that provides a pathway to residency or even citizenship in a European country. It relates to the ability to invest and is usually aimed at the wealthy. It is designed to guarantee a contribution to the country’s development and began in 2008 as a source of resources for countries that were being affected by the Great Recession. On the other hand, in many countries, citizens saw their capital impacted by the economy and started to look for safer places to protect their money. This is how investors from China, Russia, Iran, Venezuela, and other countries, decided to look for opportunities and protection for their money. But the paperwork and complex legal requirements are other things, and this is where Golden Visa programs come in.Golden Visa programs in Europe: Benefits
European golden visas have many advantages for foreigners. Their spouses and children will also obtain residency. This will allow them to:- Visa-free travel to Schengen: The Schengen area is your playground as a European resident.
- Bringing Family: every Golden Visa program allows you to bring your spouse and children.
- Simplified process: processing takes less time than citizenship, usually two to three months.
- No residence requirement: You don’t need to live in the country of your residence to retain your permit.
- No frills: There are no language exams, no interviews, and no hoops to jump through.
- Can be applied for citizenship: If you stay long enough, you can apply for citizenship.
Golden Visa Program Requirements
Golden Visa schemes are available in different countries, and each country has its legal requirements. However, there are some basic requirements such as- Having a clean criminal record.
- Prove that you will use your money in investing. Investment contract for a period of time (duration may vary by country).
- Prove that you got your money legally.
- Some states may require you to show that you have a certain amount of equity, separate from the amount you will invest.
List of Golden Visa Countries in Europe
Several EU or Schengen countries offer golden visas for investors from third countries. These include the following countries, which are members of both the European Union and the Schengen Area:- Austria.
- Bulgaria.
- Germany.
- Greece.
- Ireland.
- Malta.
- Portugal.
- Spain.
- Switzerland.
- The United Kingdom.
- Anguilla.
- Antigua and Barbuda.
- Canada.
- Grenada.
- New Zealand.
- Singapore.
- St. Kitts and Nevis.
- St. Lucia.
- The Cayman Islands.
- Turkey.
- United Arab Emirates.
- United States of America.
- Vanuatu.
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