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Best three countries to get Golden Visa

A Golden Visa provides many advantages, such as a residence permit.

The Golden Visa opens the way to citizenship. This is one of the main reasons why foreigners are willing to invest hundreds of thousands of dollars in the country's economy. The program's conditions vary from country to country. One of the most popular ways to get it is to invest in real estate. A Golden Visa provides many advantages, such as a residence permit, the possibility to work in the country, and, after a few years, a foreigner can obtain the status of a citizen.

Among the states that offer Golden Visa programs, you can find European countries (for example, Portugal, Spain, Malta, Greece, and others), Caribbean island countries (Grenada, Antigua and Barbuda, etc.), Asian countries (the UAE, Singapore) and even Canada, the USA, and Australia.

EU Golden Visa programs
A Golden visa Europe has never been easier to apply for. The full list of European countries that are willing to provide a residence permit in exchange for investment is quite large. According to the expert of Immigrant Invest Svetlana Gorchakova, Portugal, Spain, and Greece are among the most frequently chosen EU countries.

How to get a Golden Visa for Portugal
The Portuguese government offers investors a fairly large selection of options for obtaining a Golden Visa. The minimum amount that a foreigner must prepare is 250 000 euros to support art or the reconstruction of national heritage. This amount does not include visa fees. You can also buy or invest in real estate, buy shares in a Portuguese company, or create jobs for the citizens of the country yourself. Participants of the program get the right to use the visa-free regime in the EU and some other countries, live and work in Portugal, as well as obtain permanent residence with a passport after 5 years.

How to become a golden resident in Greece
Greece has one of the best Golden Visa programs for US citizens according to many experts. The reason for this is the freezing of VAT on newly built properties. A minimum amount of 250 000 euros must be invested in the purchase of a property if a foreigner wants to obtain a Golden Visa. An alternative option is Greek securities in the amount of 400,000 euros. The residence permit becomes available after 5 years.

How to get a Golden Visa in Spain
Spain has more complex program rules compared to Portugal and Greece. Firstly, the minimum amount for investment in real estate is 500,000 euros. You can also buy government bonds or shares of Spanish companies in the amount of 2,000.000 and 1,000.000 euros, respectively. Citizenship by investment will not be given here, but investors will receive permanent residence in 10 years if they renew their Golden Visas.

Requirements for a Golden Visa candidate
Countries with a Golden Visa program put forward mandatory requirements for investors who want to obtain a residence permit. Some of them may differ, but there is a general list of requirements: 

  • Investment funds must be obtained legally. It is necessary to have documents confirming their source. 
  • The state requires to support investments for a certain period (several years). 
  • People with a criminal record will not be able to participate in the program. 
  • Applicants must be at least 18 years of age. 

The investor should also pay attention to additional fees for obtaining a Golden Visa. Their payment is required. 

In addition, countries with a Golden Visa program usually provide an opportunity for an investor to involve their relatives. It should be understood that for each family member, you will also have to pay a certain amount, which is established by the state.

What is necessary to know before becoming a golden resident

  1. If an investor wishes to obtain citizenship or permanent residence, the Golden Visa will usually have to be renewed. The list of countries with a Golden Visa is large, and each has its own conditions. Therefore, you need to be ready to visit the selected state on time (if necessary) and fill out an application for a visa extension.
  2. Requirements for compulsory residence in the territory of the country are also an important selection criterion. Portugal, for example, requires an investor to spend only 1-2 weeks a year in the country, but Canadian investment programs usually require a minimum of 183 days to reside within 3 years.
  3. If the applicant has chosen a country in which property can be rented out, it is necessary to find out in advance about the mandatory taxes that must be paid to a non-resident of the country. And it is even better to immediately delve into the tax system of the country.

The Golden Visa program for investments is in demand as it is beneficial for both investors and the state. Program participants and their families receive significant benefits, and the country's economy receives an additional impetus for development. A decisive role in choosing a country is most often played by the options and amount of necessary investments, as well as the benefits that the investor receives and additional conditions for participation in the program.

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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