How to Apply for The Golden Visa
Around the world, there are numerous possibilities for obtaining citizenship or residency by investing. Every application has benefits and drawbacks, which can make it challenging to decide which one to use. There isn't a single, universal remedy. In the end, it will rely on your own requirements and tastes.
For those who are unfamiliar, a Golden Visa is...
A permit that enables people to obtain residency in a country along with their dependent family members. Many European nations now offer Golden Visa schemes to people seeking to settle there and eventually obtain citizenship.
Golden Visa programs are primarily based on real estate purchase, investment fund subscription, money transfer, or donation, though the needed investment amounts vary. You can begin your application procedure as the principal applicant once you've chosen your investment type. The majority of Golden Visa programs permit family inclusion, thus you are able to add members of your immediate family. Grandparents and in-laws may also be included in some nations.
The fact that you don't have to relocate to the country in order to obtain a Golden Visa is what makes it so alluring. Remember that you can only maintain your status by traveling to the country with the required frequency if you have business interests in your home country and are going to apply for a Golden Visa as a "Plan B."
Depending on the country's residency requirements, golden visa programs may result in citizenship. It's five years in some nations. In some, you might not be qualified until you've lived there continuously for ten years.
| Program | Portugal | Greece | Malta | Spain | Turkey |
|---|---|---|---|---|---|
| Type | Residency by Investment | Residency by Investment | Citizenship by Investment | Residency by Investment | Citizenship by Investment |
| Minimum investment Amount | €280,000 | €250,000 | €690,000 | €500,000 | $400,000 |
| Application process | 6+ months | 2-3 months | 6-8 months | 2-3 months | 3-4 months |
Each country's requirements are different when it comes to the Golden Visa program. But there are several prerequisites that are fundamental, like:
- Having no criminal history
- Demonstrating that you'll make the investment with your own money
- Holding onto the investment for a predetermined amount of time (time may vary depending on the country)
- Proving that you have legitimately received your assets
- Some nations may demand that you provide proof of your net worth, which is distinct from the amount you intend to invest.
A Golden Visa: How to Apply
Choosing your investment criteria is the first stage in the Golden Visa application process. Although buying real estate is the most common option, money transfers are also receiving a lot of attention. Some Golden Visa programs also offer possibilities for investing in funds, creating jobs, and making donations.
You can begin your application once you've determined your investment requirements. A Golden Visa takes two to nine months to process.
Before you invest money or make a financial commitment, it is advisable to consult experts if you intend to apply for a Golden Visa.
Process of Applying for Golden Visa
Talking with consultants: To gain a better understanding of the procedure, you consult with Golden Visa specialists and attorneys.
Selecting an investment: You select your investment type based on your needs and criteria.
Submitting the paperwork: You prepare all the paperwork and give it to your attorney.
Sincere effort: Your eligibility for the program is verified by the authorities.
Obtaining your resident card: You get your first residence card after providing biometrics.
Permit to Remain in Residence Renewal: You can apply for renewal after one to five years.
Application for citizenship: After a certain amount of time, you may become eligible for citizenship if your program of choice is a residency by investment scheme.
