BY Mony ShahFeb 26, 2024

For movement to selected countries without any problems and to stay there for a certain period, it is necessary to have a particular authorization document. These are so-called visas, which are ordinary and VIP. The latter are good because they have great power and give the holders a huge range of privileges. The Golden Visa for wealthy investors is one of them. It can be issued in the EU by anyone who wants to, but the main requirement is that you do not have European citizenship. It is necessary to familiarize yourself with all the conditions and peculiarities in detail to avoid problems later in the procedure. Golden Visa Programs Overview First, it should be noted that they represent the issuance of a residence permit with subsequent granting of permanent residence status to the country's migration program participant on improved conditions. The holder is entitled to many advantages and privileges that his family members can use later. The status can be obtained with the help of the following: acquisition of immovable property; buying back government bonds; opening a deposit account; registering your own business; other contributions to development funds. You should understand that the Golden Visa programs is a kind of pass that gives the right to obtain a residence permit in a particular country. Such a card can be obtained if you buy a house in the chosen location, make a large investment, or donate a significant amount of money. It also allows access to education in top European universities. Moreover, it is allowed to move freely around Europe. Furthermore, it is an opportunity to live legally in a civilized society with a high standard of living. The document is issued in several countries, which we will discuss in detail below. Each state has developed its requirements for programs to get the status. It is necessary to familiarize yourself with them more closely, especially if you are planning to move soon, being an investor, and fulfill the critical condition for issuing the card. Malta Malta is one of the countries with Golden visas. It is famous for its unrivaled beaches, warm climate, and hospitable locals. It is a top-rated tourist destination and a good choice for those who wish to change their residency. The program looks very attractive for those obtaining a residence permit to contribute to the state's economy. There are several ways - to invest in some property or contribute to the country's budget. This country is a member of the European Union and Schengen zone and unites in itself: a thriving economy; a stable property market; high-quality social services. Under the respective program, the decision on the application for a residence permit is often made in a short period - within 4 to 6 months. Once approved, the person is granted the requested one for 5 years with the possibility of an extension. It is worth emphasizing that this can be a pathway to citizenship for the principal applicant and his immediate family as long as all requirements are met. Cyprus It is the so-called "Pearl of the Mediterranean". It pleases with its hospitable residents, Adelaide weather, clean, attractive beaches, and stunning scenery. According to the Immigrant Invest Vladlena Baranova expert, candidates with dependent family members can travel to different European corners, live, work, and study wherever they want. Moreover, permanent residence in a given country is not a prerequisite. Greece Greece stands out among other EU Golden visa programs. After receiving the card, living anywhere in the country to come on holiday whenever you want becomes realistic. First, it is worth understanding that this is a tourist country, so you can get income from investments by renting out the bought flat or house. Moreover, you can choose, buy an object, draw up documents, and submit them remotely. Spain By participating in this program and getting what you want, you can move to the country with your relatives. There is a high quality of life in Spain, a low crime rate, and a good attitude toward foreigners. It is also possible to realize visa-free trips to Schengen countries. In this case, there is no need to obtain a work permit. You can open branches and set up a new company without fears and risks. Italy To participate in this program, you must invest the required amount, i.e., 250 thousand euros. It must be invested in strategic economic sectors, e.g., government bonds and charity funds. Read Also: Which Is The Best Time To Visit Auli? – Travel Guide Temporarily Unavailable Programs It became known that the Prime Minister of Portugal announced the end of his country's program. Portugal has indeed decided to eliminate the possibility of obtaining a residence permit through a financial contribution to real estate. However, he still allows foreigners to get it on condition of investing 500,000 euros in local companies or funds not related to real estate. We recommend that you seek help from specialists to avoid problems and misunderstandings while resolving issues. Read Also: Best Places For River Rafting In India Top 10 Best Travel Sites For Tour In 2022 6 Best Family Holiday Destinations In India