Comparison of Golden Visa & Residency by Investment Programs in the world

The idea behind the "Golden Visa"is straightforward: a residence program in exchange for financial contributions. To put it another way, it is among the quickest methods for families to become legal residents of another nation.

The minimum investment required to get a Golden Visa varies from nation to country, ranging from 250,000 euros to millions of dollars.

It is up to the Golden Visa holder to decide if they want to migrate to a more favorable jurisdiction or visit the country more often. The possession of residence in a country other than one's own confers certain legal rights, including the ability to work, study, live, and get medical treatment in that country.

Does possession of a Golden Visa result in citizenship?

Obtaining a passport is often more time-consuming, even though a residency permit immediately accompanies a Golden Visa. Yes, obtaining a Golden Visa may ultimately lead to citizenship in that nation, but you will need to reside there for several years before applying for citizenship. The exception is Portugal, where you don't need to reside and can apply for citizenship after only 5 years.

To compare, if you apply for a Spanish Golden Visa, you will be granted permission to remain in Spain even if you do not plan to do so at any point in the future. However, to submit a citizenship application, you must first have resided in Spain for 10 years and have "ties" to the country, such as an ability to speak the language.

Golden Visa requirements:

Foreign nationals can get a residence in the nation in which they are investing, bring their partner and children to live with them, and work and study in that nation by participating in residency programs tied to financial investments.

Golden Visa qualifying conditions are:

·      If you want to invest, you need personal ownership of the funds.

·      Keep the investment going for at least the very minimum period necessary.

·      You need to be able to demonstrate that you legitimately obtained the money.

·      Have a clean record in terms of criminal activity.

·      There will, of course, be more particular criteria in addition to them, but which ones will depend on whatever kind of Golden Visa you apply for.

Comparison of Golden Visa & Residency by Investment Programs in the world:

Below is a brief comparison of Golden Visa Programs offered by Portugal, Greece, Spain, and Turkey,

Golden Visa Portugal:

The Portuguese passport is now ranked as the sixth most secure passport in the whole globe. Similarly, the plethora of cultural offerings, the relative peace, and the steady growth of the local economy over the years have made it a top priority for people to settle here and make financial investments.

In addition, this nation provides a plethora of chances for investors who want to establish themselves in Portugal as citizens and begin raising a family there. The Golden Visa program in Portugal is among the most sought-after in the whole wide globe. If you spend at least €280,000 in real estate in Portugal, you may apply to become a country resident.

After five years, you can apply for either permanent residence or citizenship; most investors choose the citizenship route to get a second passport that grants them entry to the Schengen Area and the European Union.

Golden Visa Greece:

The Golden Visa Greece program entails applicants to make a minimum investment of €500,000 in real estate in Greece.

Despite this, the principal applicant and many family members (including dependent children under 24 and the parents of both spouses) may be eligible for a Greek resident visa. Additionally, there is no need to spend any time in Greece, only if you decide to get Greek citizeneship after 7 years.

Golden Visa Spain:

Suppose an investor already has a Spanish Golden Visa. In that case, they and their family are exempt from having to undergo language and cultural examinations to receive this form of residence permit for five years. Additionally, there is no need for them to spend anytime in Spain, and the legislation enables investment property to be leased out to tenants.

First, Spain will grant permission, known as the Golden Visa, which will be good for one year. The applicant must go to Spain that year to submit their request for a residence visa valid for two years. When the first permission expires after two years, Spain will issue a permit valid for five years. Since that time, the validity of each permission has been for five years.

If investor wants to obtain a passport, he will need to reside in Spain for 10 years.

Golden Visa Turkey:

In 2016, the Turkish citizenship by investment program (also known as a Turkey Golden Visa) went into effect. It enables international investors to receive a Turkish passport within three to six months.

The most popular investment option is buying a property worth at least $400,000. There’re also other options, such as starting a business or purchasing government bonds that will employ Turks. Your investment must be kept for at least three years.

As an investor, you may become a Turkish citizen with no residence restrictions. This implies that even if you have never lived in Turkey, you may get a Turkish passport 6 months once you invest.

Additionally, you may use agents to manage your citizenship, visa, and investment processes. As a result, if you want to, you do not need to be in Turkey to make an investment or apply for a visa.

Malta Golden Visa

It offers a Golden Visa in addition to great tax benefits for foreign residents, making Malta a hotspot for digital nomads, crypto investors, and e-gaming businesses.

There are two ways to obtain the Malta Golden Visa (Malta Permanent Residence Program): buy or rent a property for five years. Investment amounts in Malta range between €300,000.0-€350,000 for buying and €10,000.0-€12,000 for renting.

The tax advantages of this program make it attractive; however, the high administrative fees and government contributions make it less attractive.

Ireland Golden Visa

Due to its high-performing economy and the use of English as the main language, it is still popular among high-net-worth individuals and their families. In addition to allowing you to bring your children and partner, the visa also provides you with a renewable residency permit.

To maintain your residency, you only have to be in Ireland one day per calendar year. Before applying for citizenship, you must be physically present in Ireland for four of the previous eight years, plus at least twelve months. So you need five years of physical presence to become a citizen. It is important to note that, unlike the others, you only need to keep the investment for three years despite the physical presence requirements.

Here are the ways you can invest:

·      For three years, invest €1,000,000 in an Irish business

·      In a fund approved for investment, invest €1,000,000

·      A €2,000,000 investment in an Irish real estate investment fund

·      Contribute €500,000 to a project that benefits the arts, culture, education, sports, or health.

You can invest in several different funds or businesses.

Portugal Golden Visa is one of the best:

The Golden Visa Program was launched in 2012 to stimulate economic growth in the state by attracting investment from outside the country. Therefore, in exchange for this investment, investors are granted residency, allowing them to make use of all the privileges that come with being a resident of the nation, as well as the following benefits:

·      First, the approval of the application is within 12 months.

·      Applicants can apply for citizenship when their investments have been maintained for five years.

·      Inclusion of the whole family as dependents, including the spouse, any children under the age of 22, and both sets of parents

·      There is neither a physical residence nor a travel requirement for the processing period.

·      After citizenship has been granted, applicants can travel visa-free to more than 175 countries, including the Schengen area.

·      Outstanding rates of return on investments.

·      Additionally, access to education and healthcare services of a world-class standard.

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DRP Advisors:

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