Golden visa guide (full list of golden visa countries, definition, requirements, application process, top golden visa countries, FAQs, and more)

This article was last updated in July 2024.

In this comprehensive guide, we're exploring all things related to golden visa, including the golden visa meaning, the requirements, application process, and much more. We also provide a list of countries with golden visas in different parts of the world, including residency by investment countries and golden passport countries.

• Overview
• List of golden visa countries
  • Europe
    
    • Top European golden visas 
  • Asia
  • Americas
  • Caribbean
  • Africa 
  • Oceania 
  • Top golden visas worldwide
• Notable mentions
• Terminated/suspended golden visas
• FAQs

We'll walk you through the top choices worldwide, whether you're looking for apartments in Europe for getaway, business ventures in the Middle East, or a tropical lifestyle in the Caribbean. We'll explain what you need to invest and what you'll get in return. 

This guide aims to simplify the complex world of international investment migration, helping you find the perfect path to residency or citizenship through smart financial decisions.

Disclaimer: The legal information published on Flatio is for informational purposes only and does not constitute legal advice.

Golden visa overview

What is a golden visa? 

A golden visa is a type of residency visa issued by a country to individuals and their families to obtain residency or even citizenship in a foreign country by investing or donating to that country. They’re sometimes referred to as residence by investment programs. 

Golden visa programs are alternatively referred to as "500k golden visa programs" or "250k golden visa programs," reflecting the typical minimum investment requirements of €500,000 or €250,000 in most countries.

Golden visas explained

These residency by investment programs, which generally offer a path to permanent residency by investment, are particularly attractive to high-net-worth individuals looking for new business opportunities, greater mobility, and access to high-quality education and healthcare systems. 

In recent years, citizenship via investment schemes, especially those from European Union (EU) countries, have become increasingly popular due to the many benefits of a golden visa.

These programs offer more than just a passport or residence permit. A golden visa means access to various extra benefits. One big advantage of golden visa programs is the ability to travel freely within the Schengen Area, which includes 29 European countries with no borders between them. This means visa holders can move around these countries without needing extra visas or facing border checks. 

Key aspects of a golden visa

As we mentioned, one key aspect of citizenship with investment programs is the requirement of a substantial financial investment in the host country, which can take various forms such as purchasing real estate, investing in businesses, or making significant donations. Additionally, these visas typically grant temporary residency, with the possibility of renewal and, in some cases, a pathway to permanent residency or citizenship.

Also, most programs allow the inclusion of family members, providing residency benefits to spouses and dependent children. Golden visas often offer flexibility regarding physical presence requirements, meaning investors may not need to reside in the country full-time to maintain their residency status.

Note that while obtaining a golden visa typically grants you a residence permit, acquiring a passport usually requires a longer process. The good news is that a golden visa can eventually lead to citizenship, but typically, you'll need to reside in the country for several years before becoming eligible.

Purpose of a golden visa

Countries offering golden visa programs aim to leverage the financial and human resources of foreign nationals to achieve their economic and strategic objectives, ultimately fostering a more prosperous and dynamic society. Here are the main reasons countries are providing golden visas:

• Economic development: The primary purpose of golden visa programs is to attract foreign investment, which can stimulate economic growth, create jobs, and boost the real estate market.
• Financial influx: Countries use golden visas as a means to bring in substantial foreign capital. This influx of funds can help support various sectors of the economy, from infrastructure projects to technological innovation.
• Global mobility: For investors, golden visas provide an opportunity to obtain residency in a foreign country, which can offer greater global mobility, access to better education and healthcare systems, and a higher quality of life.
• Economic diversification: By attracting foreign investors, countries can diversify their economies and reduce reliance on a single industry or economic sector.
• Demographic balance: In countries facing demographic challenges such as aging populations, golden visa programs can help to attract younger, economically active individuals and families, thereby balancing demographic trends and supporting long-term social stability.
• Cultural exchange: Golden visa programs can also promote cultural exchange and international relations by encouraging wealthy individuals and entrepreneurs from around the world to invest and live in the host country.

Benefits of golden visa for investors

• Residency and citizenship: Golden visas provide a route to residency and potentially citizenship, sometimes referred to as “investment citizenship.” This can be advantageous for individuals from countries with less favorable passports, providing greater global mobility.
• Family inclusion: Investors can usually include immediate family members (spouses and children) in their application, granting them the same residency rights.
• Lifestyle and safety: Many countries offering golden visas are known for their high quality of life, safety, stable political environment, and attractive climate.
  Tax advantages: Some countries provide favorable tax regimes for new residents, which can be a significant incentive for high-net-worth individuals.

Common investment options

Golden visa applicants who choose investment migration can make financial contributions in several forms:

• Real estate: Purchasing property is one of the most common investment routes. The required investment amount varies by country but typically ranges from a few hundred thousand to several million dollars.
• Business and entrepreneurship: Investing in local businesses or starting new enterprises can also qualify. This often includes creating a certain number of jobs for local citizens.
• Capital transfer: Some programs allow for investments in government bonds, financial instruments, or bank deposits.
• Philanthropy: In some cases, significant donations to national development funds, research, or cultural projects can also qualify for a golden visa.

Considerations and challenges

When considering a golden visa, it is important for potential investors to carefully evaluate the specific requirements, benefits, and implications of each program. While the appeal of residency in a new country and the accompanying perks are significant, these programs come with their own set of complexities and responsibilities. Investors should thoroughly understand the financial commitment, legal obligations, and potential lifestyle changes involved. 

Moreover, the decision to pursue a golden visa should align with both personal and financial goals, taking into account the long-term implications for themselves and their families. Engaging with professional advisors who specialize in immigration law, taxation, and international investments can provide invaluable guidance in navigating this intricate process. Here are some points applicants must consider:

• Due diligence: Countries offering golden visas often have strict due diligence processes to ensure that applicants' funds are legal and to prevent money laundering.
• Cost and fees: Besides the investment amount, there are often additional fees for processing, legal advice, and administrative costs.
• Residency requirements: Some programs have minimal residency requirements, while others may require physical presence in the country for a certain number of days per year.
• Policy changes: Golden visa programs can be subject to changes in immigration policy, which may affect the benefits and requirements over time.

Golden visa country list

Now let’s take a look at countries with golden visa programs in different parts of the world that are still in place or have been terminated or suspended.
Please note that the list includes both visas that are officially called "golden visas" and those unofficially referred to as such, or investor visas that are equivalent to golden visas with similar benefits.

Europe

• Portugal
• Spain
• Special section: Spain vs Portugal
• Malta
• Greece
• Italy
• Austria
• Switzerland
• Andorra
• Netherlands
• Georgia
• Czech Republic
• Hungary
• Estonia
• France
• Germany
• Luxembourg
• Monaco

Portugal

Can you still get a golden visa in Portugal? Yes, you can, but the list of investment options has changed.

What is Portugal's golden visa?

The Portugal golden visa program, also sometimes called “Portugal residency by investment,” provides a route to residency and potential citizenship for non-EU/EEA/Swiss citizens through investment. This program facilitates Portuguese citizenship by investment and free movement within the European Union and the Schengen Area

Is the Portugal golden visa the best European golden visa? Well, some consider it not only the easiest golden visa program in Europe but also one of the best golden visa programs there is because it offers a straightforward path to europe citizenship by investment. 

Portugal golden visa scheme 2023 update

• The program no longer accepts real estate or real estate-related funds as qualifying investments.
• Alternative investment options are still available for investors.

Highlights of the Portuguese golden visa program

Portugal’s golden visa program, aimed at attracting international capital, offers several advantages:

• Investment options: Cultural and artistic donations, investment funds, business set-up, private scientific research institutions.
• Minimum investment: Starts at €250,000; venture capital funds start at €500,000.
• Stay requirements: Minimum of seven days in the first year, then 14 days every two years.
• Family inclusion: Spouse, dependent children, and parents.
• Path to citizenship: After five years of residency.
• Travel: Visa exemption for EU and Schengen Area.
• Quality of life: Safe country with affordable living costs.

What is the Portuguese golden visa program?

• Introduced in 2012 to boost foreign capital and benefit the Portuguese economy.
• A five-year residency by investment program for non-EU nationals.
• Grants the right to live, work, and study in Portugal.
• Over 20,000 Portugal Golden Passports awarded and over €4 billion raised since inception.

Find perfect apartments for rent in Lisbon

Benefits of the Portugal golden visa program

General benefits

• Access: 27 EU nations and visa-free travel to 172 countries.
• Affordable investments: Starting from €250,000.
• Path to European passport: After five years.
• Profitable market: Investments can yield real returns.
• Tax incentives: Option to become a non-habitual resident with tax benefits for 10 years.
• Short stay: Only seven days required annually.

Family reunification

• Family members can be included in the application.
• Eligible members: Spouse, children under 18, financially dependent children over 18 who are full-time students, and financially dependent parents.

Travel mobility

• Visa-free travel within the Schengen Area.
• EU passport holders can work and travel freely within the EU.

Right to live, work, and study in Portugal

Residency grants access to healthcare, public services, and education.
Citizenship application possible after five years of legal residency.

European citizenship eligibility

• Permanent residency and citizenship application possible after five years.
• The Portuguese passport offers visa-free access to 188 countries, considered to be one of the key Portugal golden visa benefits. 
• EU citizenship benefits include the ability to live and work in any EU member state, which makes this type of Portugal visa by investment an appealing option. 

Attractive investment opportunities

• Stable economy with a dynamic startup and tech scene.
• Structural reforms and various incentives for investors.

Golden visa portugal tax benefits

• No extra taxes on income produced outside of Portugal.
• Option to register as a tax resident and benefit from the Non-Habitual Tax (NHR) Regime. 
• Tax-free incentives on certain income categories for up to ten years.
• The NHR program includes dividends, real estate income, capital gains, occupational pensions, royalties, business profits, and more.
• Portuguese-sourced income taxed at a flat rate of 20% for the first ten years.
  Inheritance and gift tax exemptions.

Important note: The Portuguese government announced that, starting in 2024, it plans to end the NHR tax regime that provides tax benefits to foreigners living part-time in the country, arguing that this will help improve the housing market. However, it later announced that the NHR tax regime would be reintroduced. 

Portugal golden visa rules and eligibility criteria

• Clean criminal record.
• Non-EU, non-Swiss, or non-EEA national.
• Minimum investment of €250,000.
• Spend an average of seven days per year in Portugal.

Golden visa for U.S. and UK citizens

U.S. citizens

• Eligible as non-EU nationals.
• Portugal offers a lower cost of living compared to cities like New York, San Francisco, and Chicago.
• Attractive tax incentives for foreign income.

UK citizens

• Eligible post-Brexit.
• Enjoy Portugal’s high quality of life, affordable living costs, and property prices.
• Pathway to citizenship for those meeting residency requirements, maintaining ties with the EU.

Investment options for Portugal golden visa

A successful golden visa journey starts with an investment. This investment must be made before the application can be filed to qualify for the golden visa permit.

Potential investment routes for the Golden Passport Portugal:

1. Fund subscription
   
   • Contribution to Portuguese investment funds (private equity or venture capital funds) worth at least €500,000.
2. Arts and cultural heritage
   
   • Investment or donation in the arts or reconstruction of national cultural heritage with a donation of at least €250,000.
3. Scientific research
   
   • Contribution of at least €500,000 in science or technology research.
4. Creation of jobs
   
   • Creation and maintenance of ten jobs during the required period.
5. Share capital and job creation
   
   • Investment of €500,000 in venture capital funds for a commercial company in Portugal or reinforcement of a company’s share capital combined with the creation of five or maintenance of ten jobs (five of them permanent).
6. Real estate investment
   
   • Note: Acquiring real estate worth more than €500,000 is no longer eligible due to the Portugal golden visa changes. 
7. Real estate purchase
   
   • Note: Buying a property over 30 years old or located in urban regeneration areas for refurbishing for at least €350,000 is no longer eligible.
8. Capital transfer 
   
   • Note: Capital transfer of at least €1.5 million is no longer eligible.

Important note: The minimum investment amounts for arts and scientific research may be reduced by 20% in low-density areas (fewer than 100 inhabitants per square kilometer or GDP per capita under 75% of the national average).

As commercial and residential real estate investments are no longer available, the golden visa program has shifted focus towards diverse sectors, offering distinct investment mandates.

This opens new opportunities for golden visa investors seeking a more varied portfolio. Fresh pathways are expected to be created within the cultural and arts category, providing alternative routes to obtain the highly sought-after residence permit.

Find perfect apartments for rent in Portugal

Golden visa investment options 2024

Golden visa investment funds

Investing in private equity funds or Portuguese golden visa venture capital funds is a viable option. These funds are managed by accredited fund managers under the Portuguese Securities Market Commission (CMVM). Eligible sectors include energy, industry, and technology. Real estate activities are excluded from these funds.

Golden visa arts and culture

Investment or donation of at least €250,000 into qualified Portuguese arts, national heritage, or culture projects. These projects must be pre-approved by the Portuguese government through GEPAC.

Company set-up option

Foreign entrepreneurs and investors can establish or invest in an existing Portuguese business. This involves:

• Incorporating a company in Portugal with a share capital of €500,000 and creating five permanent jobs.
• Increasing the share capital of an existing Portuguese company by €500,000 and fulfilling job creation requirements.

Scientific research

Investment of at least €500,000 in research activities conducted by public or private scientific research institutions in Portugal. 

Creation of 10 jobs

Creating at least ten full-time jobs (reduced to eight in low-density areas) that comply with Portugal’s labor and social security standards. 

Portugal golden visa requirements 

Minimum stay requirement

The golden visa requires an average stay of seven days per year in Portugal, totaling 14 days during the validity of each residence card (issued for two years).

Investment requirement

Evidence of the minimum required investment and a declaration of honor to maintain the investment for five years is mandatory.

Required documents

• Golden visa application form
• Copy of a valid passport and travel documents
• Declaration from a Portuguese bank confirming the transfer of funds
• Proof of health insurance in Portugal (if residing in Portugal)
• Background check or police clearance letter from the country of origin
• Declaration of honor to maintain the investment for five years
• Good standing certificates from Portuguese Tax and Customs Authority and
• Social Security
• Application processing fee receipt

Note: Criminal record certificates must be issued no more than 90 days before application submission. Documents must be legalized and translated into Portuguese, certified by the Portuguese Consulate, a Portuguese lawyer, or an official notary.

Additional steps

Obtaining a NIF number

A tax identification number (NIF) is required for various transactions in Portugal, such as opening a bank account and paying taxes. It can be obtained by attending an appointment at the local tax office, appointing a legal representative, or through a third-party provider.

Opening a Portuguese bank account 

A Portuguese bank account is necessary for the golden visa. Assistance from a competent English-speaking banker can facilitate this process.

Portugal golden visa application process

1. Onboarding
   
   • Initial discussions and collection of necessary documents.
2. Bank account and NIF
   
   • Obtain NIF and open a bank account.
3. Make the investment
   
   • Secure and manage the investment.
4. Online application
   
   • To apply for the Portugal golden visa, you have to submit the application online.
5. Pre-approval
   
   • Receive pre-approval based on eligibility.
6. Biometrics visit
   
   • Attend a biometrics collection session in person.
7. Golden visa issuance
   • Approval and issuance of the golden visa by AIMA.

Portugal golden visa processing time

• Year 0: Submit application and attend an interview. Initial permit valid for two years.
• Year 2: Renew the residence permit for another two years.
• Year 4: Renew the residence permit again for two more years.
• Year 5: Apply for permanent residency or Portuguese citizenship if eligible.

Costs

Government fees

• Online application submission: €773.74
• Granting the permit: €7,730.10
• Per renewal: €3,865.79

Legal fees

• Application fees: €5,000 to €8,000 (single applicants). Dependents under 18 are included free of charge.
• Renewal fees: €1,000 to €2,500 (single applicants).

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Portugal golden visa renewal process

Golden visas can now be renewed online through AIMA. Simplified procedures and online systems aim to reduce processing delays.

Citizenship

After five years of legal residency, golden visa holders can apply for Portuguese citizenship. Requirements include basic Portuguese language proficiency (A2 level) and a clean criminal record. The time between submission and approval of the temporary residency permit now counts towards the five-year residency requirement for nationality.

Future expectations

Despite previous announcements, the Portugal golden visa program is not ending but undergoing restructuring. Real estate investments are no longer eligible, but new investment options include fund subscriptions, arts and cultural heritage donations, scientific research, job creation, and company share capital investments. The program aims to enhance the overall experience for investors and expedite application processing.

New social investor visa

A new Residence Permit for Solidarity Investment (Social Golden Visa) has been announced, focusing on social investments for immigrant integration projects. Details and implementation timelines are yet to be finalized.

The Portugal golden visa continues to evolve, providing diverse investment opportunities and pathways to residency and citizenship. 

Summary

• Investment options for Portugal golden visa:
  
  • Fund subscription: €500,000 minimum in private equity or venture capital funds.
  • Arts or cultural heritage donation: €250,000 minimum.
  • Scientific research: €500,000 minimum.
  • Creation of ten jobs: Or eight jobs in low-density areas.
  • Share capital and job creation: €500,000 investment, creating five permanent or maintaining ten jobs.
• No longer eligible investment options:
  
  • Real estate investments over €500,000.
  • Real estate purchase for refurbishing over €350,000.
  • Capital transfer of €1.5 million or more.
• Special conditions:
  
  • 20% reduction in minimum investment for arts and scientific research in low-density areas.
• Golden visa 2024 highlights:
  
  • Focus shifted to diverse sectors excluding real estate.
  • Expected new pathways in cultural and arts investments.
  • Investment funds cannot engage in real estate activities.
• Investment categories:
  
  • Investment funds: Private equity or venture capital, managed by CMVM-accredited managers.
    
    • Arts and culture: €250,000 donation or investment in pre-approved projects.
  • Company setup: Incorporate new company or invest in existing one with €500,000 plus job creation.
  • Scientific research: €500,000 in national scientific or technological system research.
• Application requirements:
  
  • Minimum stay: Seven days per year, 14 days per residence card validity.
  • Supporting documents: Passport, bank transfer proof, health insurance, background check, declaration of honor, tax and social security standing, application fee receipt.
• Application process:
  
  • Onboarding and document collection.
  • Obtain NIF and open a bank account.
  • Make the investment.
  • Online application submission.
  • Pre-approval.
  • Biometrics visit.
  • Visa issuance by AIMA.
• Processing Timeline:
  
  • Year 0: Initial permit application, 9-12 months for issuance.
  • Year 2 and Year 4: Permit renewals.
  • Year 5: Eligibility for permanent residency or citizenship.
• Costs:
  
  • Government fees: €773.74 (application), €7,730.10 (granting permit), €3,865.79 (renewal).
  • Legal fees: €5,000 to €8,000 for single applicants, additional costs for dependents.
• New developments:
  
  • Residency waiting time now counts towards nationality.
  • Social Golden Visa for investments in immigrant integration projects.
  • Legislative changes to golden visa in 2023 to focus on venture capital funds.
• Additional information:
  
  • Mortgage options: Loans from non-Portuguese banks allowed.
  • Renewal process simplified online.
  • Portuguese NIF number and bank account setup required.
  • If you want to invest in Madeira, you should know that the Madeira golden visa for the Madeira golden visa are currently the same as those for Portugal, as Madeira is considered a Portuguese territory. However, it is advisable to consult a legal expert and keep an eye on the possible changes to the golden visa program for Madeira.

Find the perfect accommodation in Madeira

Other Portugal visas

If you are interested in other visa options that you can use to move to Portugal, we recommend the following article:

• A complete guide to Portugal visa types and requirements

Want to know more about Portugal? 

On our website you will find travel guides and information about destinations in Portugal other than Lisbon, including: 

• Portugal weather
• Portugal education system
• Portugal accommodation
• Portugal renting tips
• Portugal tax
• Portugal things to do
• Portugal best places
• Portugal cost of living
• Portugal advice
• Portugal FAQs
• Portugal residency

Spain

Spain golden visa overview

Does Spain have a golden visa program? At the moment, yes, but the Spanish government is about to end offering citizenship by investment in Spain through this initiative, which is also known as the Spain investor visa. 

What is a golden visa in Spain?

The Spain golden visa program to non-EU citizens, allowing them residency through substantial financial investments. Key investment options include real estate, business projects, Spanish public debt, or stocks. The option to buy a house in Spain and get residency is particularly popular. 

Benefits of the Spanish golden visa program

• Visa-free travel: Access to Schengen Area countries.
• Work and business: Right to work and conduct business in Spain.
• Family inclusion: Immediate family members can also obtain residency.
• Education and healthcare: Access to high-quality services in Spain.
• Renewal process: Easy renewal process every five years.
• Fast processing: Quick decision period for applications.

Spain golden visa requirements

• Investment: Minimum investment in real estate, stocks, or business projects.
• Clean record: Clean criminal record and no prior visa rejections.
• Insurance: Valid health insurance coverage.
• Financial stability: Proof of financial means to sustain residency.

Spain golden visa application process

To process for obtaining a golden visa in Spain includes: 

• Choosing an investment option (real estate, stocks, etc.).
• Submitting required documents including passport, insurance, and investment proof.
• Visiting Spain for biometric data submission.

Ending of spain golden visa

As of April 2024, Spain plans to discontinue the golden visa for real estate investment due to concerns about rising property prices and money laundering. At the time of writing, it does exist.

Find perfect apartments for rent in Madrid

Eligibility for citizenship

After ten years of residency, golden visa holders may be eligible for Spanish citizenship, subject to residency and other requirements.

Spanish golden visa rules and processing time

The process for obtaining a Spanish golden visa typically unfolds over several stages:

Months 1-4

• Preparation time:
  
  • Choose the investment option.
  • Complete the investment transaction.
  • Prepare and submit the golden visa application.
  • Travel to Spain for a biometric appointment (fingerprints, photos).

Months 5-7

• Residence card issuance:
  
  • Apply online for a temporary residence permit (TIE).
  • Await response from UGE within 30 days.
  • Schedule biometrics appointment in Spain.
  • Collect issued TIE card in person.

Year 2

• Renewal application:
  
  • Renew the residence permit shortly before its three-year expiry.

Year 10

• Apply for citizenship:
  
  • Submit citizenship application after maintaining residency for ten years.

Cost of golden visa Spain: government fees

The Spanish government imposes specific fees related to the golden visa, payable in local currency at the time of application. Spain golden visa charges for 2024 include:

• Application through Consulate (one-year Visa): €80
• UGE application (three-year residence permit):
  
  • First application: €73.26 per applicant
  • Renewal: €78.67 per applicant
• TIE (residence card):
  
  • First card: €16.08
  • Renewal: €19.30

Note: Fees are subject to annual updates and vary for certain nationalities based on reciprocity agreements.

Find perfect apartments for rent in Spain

How to gain Spanish citizenship and passport

Acquiring Spanish citizenship via the golden visa Spain program involves:

• Residency requirement: Maintain legal residence in Spain for ten years.
• Annual presence: Spend at least six months per year in Spain.
• Fast-track option: Available for nationals from Ibero-American countries and former Spanish colonies, requiring legal residence for two years with no absence longer than three consecutive months.

Once citizenship or permanent residency is obtained, ongoing investments are no longer mandatory for visa renewals. Spanish citizenship grants visa-free access to 173 countries and allows for residence, work, and study across the EU.

Alternative visas 

These are some alternatives to real estate investment visa for Spain that you may want to consider:

• Spanish Schengen visa or Spain tourist visa
• Spanish work visa
• Non-Lucrative visa in Spain
• Family visa
• Student visa
• Digital nomad visa in Spain

To learn more about these Spain visas and their requirements, visit this article:

• Spain to end golden visa scheme (alternative visas and more)

✅ Special section: Golden visa Spain vs Portugal

The Spain golden visa and Portugal golden visa are two of the most sought-after residency programs in Europe for non-EU/EEA/Swiss citizens seeking to invest in exchange for residency rights. 

As discussed, each program offers distinct advantages and investment opportunities, catering to different investor preferences and goals. The golden visa comparison table below summarizes the key features and differences between these two popular residency-by-investment programs:

Feature	Spain Golden Visa	Portugal Golden Visa
Overview	Residency through financial investments (real estate, stocks)	Residency through various investments (previously real estate)
Investment Options	Real estate, business projects, Spanish public debt, stocks	Cultural donations, investment funds, business setup, research
Minimum Investment	Varies (e.g., real estate typically €500,000)	Starts at €250,000 (e.g., investment funds, cultural donations)
Family Inclusion	Yes (spouse, dependent children)	Yes (spouse, children, dependent parents)
Path to Citizenship	After 10 years of residency.	After 5 years of residency.
Visa-Free Travel	Schengen Area (visa-free access).	EU and Schengen Area (visa-free access).
Processing Time	Quick decision period for applications.	Renewal every 2 years initially, then every 2 years.
Application Process	Biometric data submission required in Spain.	Online application submission.
End Date (Real Estate)	A decision to end it was announced in 2024 due to property price concerns.	Real estate investments no longer eligible.
Citizenship Eligibility	After 10 years of legal residency.	After 5 years of legal residency.
Costs	Application fees vary based on visa type and nationality.	Government fees for application and renewal.
Healthcare and Education	Access to high-quality services in Spain.	Access to healthcare, public services, and education in Portugal.

Malta

The Malta golden visa program is one of the most popular in the EU because it offers the fastest path to citizenship within the bloc.

There are two options in this program: obtaining full citizenship after 12 months or after 36 months. The choice between these options depends on how much you are willing to invest.

Let’s take a look at the Malta golden visa requirements. For the 12-month path, the required investment is €750,000, plus an additional €50,000 for each family member.

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For the 36-month path, the investment is €600,000, plus €50,000 for each family member.

In addition to the investment, you must donate at least €10,000 to a Maltese charity or NGO and buy or rent property in Malta.

Obtaining Maltese citizenship grants you and your family full EU rights and a powerful passport, which ranks 8th globally.

Summary

• The Maltese golden visa program is popular for its fast route to EU citizenship.
• Two options for this visa: 
  
  • 12-month route (€750,000 + €50,000/family member) 
  • 36-month route (€600,000 + €50,000/family member)
• It requires a mandatory €10,000 donation to a Maltese charity or NGO and property purchase/rent.
• Grants full EU rights and a globally powerful passport.

Greece

The Greek golden visa program is one of the affordable real estate golden visa programs in Europe, with a minimum investment of. However, this is expected to change as the Greek government has announced plans to increase the minimum investment from €250,000 to €500,000. The Greece golden visa new rules still have to be approved by parliament. This higher threshold will probably apply only to prime areas in Athens and Thessaloniki.

One of the key Greece golden visa benefits is that investors can complete the entire application process remotely. This option was introduced during the pandemic and continues to be available. 

The Greece golden visa program process is also quick, allowing many investors to obtain their permanent residence permits within three months.

Find perfect apartments for rent in Greece

However, it is important to note that permanent residence in Greece does not lead to Greek citizenship. Permanent residents do not gain freedom of movement rights across the EU/EEA and Switzerland. They only have the right to live full-time in Greece and can travel to other Schengen countries for up to 90 days at a time.

For those interested in Greek or EU citizenship, the process is much longer and more demanding. Citizenship requires a seven-year residency in Greece, paying taxes there, and achieving at least a B1 level in the Greek language.

And if you’re wondering: Can you work in Greece with a golden visa? The answer is that the Greece golden visa does not grant automatic work rights. Holders must apply for a separate work permit to be able to work in Greece.

Summary

• The golden visa in Greece is one of the cheapest golden visa programs in Europe but the minimum investment is expected to rise from €250,000 to €500,000 for prime areas.
• The application process can be completed remotely.
• Permanent residence permits can be obtained within three months.
• Permanent residence does not provide EU/EEA and Switzerland freedom of movement rights.
• Greek citizenship requires a seven-year residency, tax payments, and B1 level Greek language proficiency.

Italy

Does Italy have a golden visa program? Yes. For those considering investing in the Italy golden visa program, it offers a relatively low minimum investment threshold of €250,000. However, this amount must be invested in an “innovative startup,” as there is no option to invest in real estate at this level.

Alternatively, you can invest €500,000 in shares of an Italian limited company, donate €1 million to an Italian NGO, or invest €2 million in Italian government bonds. 

These options may seem less attractive due to Italy's requirement that you live full-time in the country and pay Italian taxes for ten years before becoming eligible for citizenship. Additionally, you must meet a B1 language proficiency requirement.

One significant advantage of the Italian golden visa program is that you can have your application approved before making any investment, which is not typically offered by most other European programs.

Italy might be a good choice for those who primarily want residence rights in Europe or who value the security of having their visa application approved before investing.

Find perfect apartments for rent in Italy

Summary

• Minimum investment threshold of €250,000 for an “innovative startup.”
• Other investment options to obtain a golden visa for Italy:
  
  • €500,000 in shares of an Italian limited company
  • €1 million donation to an Italian NGO
  • €2 million in Italian government bonds
• Citizenship requires 10 years of full-time residence and paying Italian taxes.
• B1 language proficiency is needed.
• Application approval is possible before making the investment.
• Good for those seeking European residence rights or investment security.

Austria

In Austria, there's a unique opportunity within the EU where investors can select the type of investment they want to make. However, this option comes with specific criteria. 

Investments must be substantial and deemed valuable by the Austrian government, and there's a strict limit of 300 applicants annually.

Unlike other EU countries with similar programs, Austria doesn't have an official citizenship-by-investment program. Instead, it operates under Article 10, Section 6 of

Austria’s Citizenship Act. This provision allows the government to grant Austrian citizenship to foreigners who make extraordinary contributions, whether in the economic, athletic, scientific, or cultural spheres. However, ultimate approval rests with the Austrian government.

Notably, Austria doesn't accept passive investments like government bonds or real estate for residency purposes. 

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Acceptable forms of investment include contributing to a government fund, investing in joint ventures or venture capital, or supporting innovative or priority businesses, which may involve job creation.

Investment amounts for the Austria golden visa can vary and are subject to change, typically ranging from €3 million to €10 million. 

The process for gaining Austrian citizenship through this program is relatively fast compared to other golden visa routes, taking around 36 months from the initial investment.

It's important to note that proficiency in German is required for both citizenship and visa applications. Additionally, Austria does not allow dual citizenship, so applicants must renounce any existing citizenships.

Obtaining Austrian EU citizenship through the Austrian golden visa program is costly, demanding, and doesn't offer the advantage of having multiple passports. 

Summary

• Austria offers a unique EU investment option allowing investors to choose their type of investment.
• Investments must be significant and approved by the Austrian government, with a yearly quota of 300 applicants.
• Citizenship isn't granted through an official program but is possible through
• Article 10, Section 6 of Austria’s Citizenship Act.
• Acceptable investments: 
  
  • Government fund contributions 
  • Joint ventures or venture capital 
    support for innovative businesses
• Investment amounts range from €3 million to €10 million, with a citizenship process typically taking 36 months.
• Proficiency in German is required, and Austria doesn't allow dual citizenship.

Switzerland

Does a Swiss golden visa program exist? Switzerland is known for its secretive reputation, and obtaining residency through investment isn't straightforward. Unlike some countries, Switzerland doesn't offer a real estate investment route and doesn't have plans to introduce one.

However, there are two ways to obtain Swiss residency through investment:

1. Swiss Residence Program through Lump Sum Taxation: You can qualify by paying a lump sum tax of CHF 200,000 (approximately $203,000).
2. Swiss Business Investor Program: This route involves setting up a new Swiss company to generate job opportunities or investing in an existing Swiss company, with a minimum annual investment of CHF 1 million.

While the Swiss passport is highly desirable, it's also among the most challenging to acquire. To gain full EU rights, including those applicable to Switzerland despite its non-EU status, it may be more advantageous to opt for a golden visa in countries like Malta or Portugal and use it as a pathway to citizenship.

Summary

• Switzerland doesn't offer a real estate investment route for residency.
• Two ways to get Swiss residence:
  
  • Lump sum taxation (CHF 200,000) 
  • Investment in a Swiss business (CHF 1 million)
• The Swiss passport is highly sought-after but difficult to obtain.
• Considering alternative options like golden visa programs in Malta or Portugal may provide a more straightforward path to EU citizenship.

Andorra

The Andorra golden visa program, officially known as "passive residence," is a quick and easy way for non-EU citizens to obtain residency in Andorra through investment. This visa is particularly popular among citizens from countries such as Mexico, Brazil, and Russia. Andorra's restrictive immigration policies make this an attractive option for investors and entrepreneurs seeking residency without the need to work as employees.

Eligibility and requirements: To qualify for the Andorran golden Visa, applicants must meet the following criteria:

• Investment: Invest at least €600,000 in Andorran assets. This can include real estate, shares in Andorran companies, financial instruments issued by Andorran entities, public debt instruments, life insurance products with Andorran institutions, or a refundable deposit with the Andorran Financial Authority. 
• Property or lease: Own real estate property in Andorra or have a rental contract.
• Minimum stay: Reside in Andorra for at least 90 days per year.
• Proof of income: Show proof of financial independence, with income exceeding 300% of the Andorran minimum wage (€1083.33), plus an additional 100% per dependant. 
• Good conduct: Provide a certificate of good conduct.
  Medical requirements: Obtain private medical insurance and a medical certificate issued in Andorra.
• Financial deposit: Make a refundable deposit of €50,000 with the Andorran Financial Authority, plus €10,000 for each dependent.

Eligible investments:

• Real estate in Andorra.
• Shares in an Andorran company.
• Debt or financial instruments issued by an Andorran entity.
• Public debt instruments from any Andorran public administration.
• Life insurance products with Andorran financial institutions.
• A refundable deposit of at least €50,000 with the Andorran Financial Institute.

Ideal candidates:

• High-Net-Worth Individuals (HNWIs) living on passive income from investments, rents, or interests.
• Pensioners, particularly from Spain, Portugal, or France, looking to retire in Andorra.
• International businesspeople conducting business outside Andorra.
• Individuals seeking a second home through investment.

Summary

• Andorra offers a "passive residence" visa, known as the golden visa, for non-EU investors.
• Requires a minimum investment of €600,000 in Andorran assets.
• Applicants must own or lease property in Andorra and reside at least 90 days per year.
• Must demonstrate financial independence and provide proof of good conduct and medical clearance.
• Ideal for HNWIs, pensioners, international businesspeople, and those seeking second homes.

Netherlands

The Netherlands golden visa program aims to attract venture capital funding into Dutch startups, offering residency permits in exchange for substantial investments. Here's an overview:

Program overview

• Initiation: Aimed at attracting high net worth investors to boost Dutch startups.
  Investment requirement: Minimum of €1,250,000.
• Eligibility: The main applicant and family members can receive residency permits, with a path to citizenship after five years.

Benefits of the Dutch golden visa

• Residency and citizenship: EU citizenship is available after six years, with permanent residency after five years.
• Work and study: Right to live, work, and study in the Netherlands.
• Quality of life: Excellent healthcare, high living standards, and low crime rates.
• Travel: Visa-free access in the Schengen Zone.
• Economic benefits: Access to a thriving startup ecosystem and favorable tax schemes.

Investment options

1. Innovative companies: Invest in a Dutch startup.
2. Joint ventures: Invest in a joint venture involving innovative companies.
3. Venture capital funds: Contributions to recognized venture capital funds or participation funds.

Investment criteria

• Job creation: Must create at least ten full-time jobs within five years.
• Innovation: Enhance the innovativeness of a Dutch company.
• Non-financial value: Provide knowledge, networks, or clients to the company.

Eligibility requirements

• Age: Over 18 years old.
• Criminal record: Clean criminal record.
• Health: Good health and valid health insurance.
• Due diligence: Pass checks to prevent money laundering.
• Economic contribution: Investment must add value to the Dutch economy.

Application process

1. Application submission: Apply at the Dutch embassy.
2. Government decision: Decision within 90 days.
3. Investment: Make the required investment.
4. Residence permit: Receive a residence permit.
5. Renewal: Renew the investor visa after three years.
6. Permanent residence: Obtain permanent residence after five years.
7. Citizenship: Apply for citizenship after six years, including passing language and cultural tests.

Document checklist

• Application form for the investment visa.
• Passport copies.
• Clean criminal record certificate.
• Health insurance proof.
• Marriage certificate (if applicable).
• Proof of source of funds.

Summary

• Investment: Minimum €1,250,000 in Dutch startups or venture funds.
• Residency: Permit granted, leading to permanent residency after five years.
• Citizenship: Available after six years, with language and cultural tests.
• Benefits: High living standards, visa-free Schengen travel, work and study rights.
• Requirements: Over 18, clean record, good health, economic contribution, and due diligence checks.

Georgia

While there’s no program specifically called “Georgia golden visa,” the country offers two residence-by-investment options: investing in real estate or in a Georgian business.

2. Investing in a Georgian business

Foreign citizens can achieve permanent residency by making significant investments in Georgian businesses. Key details include:

• Minimum investment: A minimum investment of $300,000 in non-agricultural land, apartments, commercial areas, etc.
• Duration: The residence permit is valid for five years.
• Path to citizenship: After five years, if the requirements are still met, the investor can apply for permanent residency and potentially citizenship.
• Family inclusion: Family members can also receive this permit, provided they include a copy of the primary applicant’s investment residence permit.
• Recommendation letters: Three recommendation letters are required from Georgian citizens who are authorized representatives of entrepreneurial entities in Georgia.
• No income requirements: There are no monthly income or annual turnover requirements for this permit.
• Application requirements: Applicants must provide a copy of their travel document and documentation confirming their legal stay in Georgia.
• Processing time: The permit takes 30 days to process.
• Issuing authority: The Public Service Development Agency is responsible for issuing this residence permit.

Summary

• Two main options: Real estate investment or business investment.
• Real estate investment: Minimum $100,000 property value, family members included, initial in-person application.
• Business investment: Minimum $300,000, valid for five years, path to citizenship, recommendation letters required.
• No income requirements: No monthly income or annual turnover requirements for business investment permits.
• Processing time: 30 days.

Czech Republic

The Czech Republic launched its golden visa scheme in August 2017, offering a long-term residence permit for non-EU nationals who make significant investments in the country. This program is outlined under section 1(a) and (b) of Government Regulation No 223/2017.

Purpose and eligibility

The Czech Republic golden visa program is designed for:

• Entrepreneurs: Third-country nationals who plan to reside in the Czech Republic to make a significant investment.
• Executives: Individuals holding executive positions in companies with substantial investment plans.

Why choose the Czech Republic?

• EU membership: Czechia has been an EU member since May 1, 2004, and is part of the Schengen Area.
• Strategic location: Positioned in Central Europe with a stable political and social system.
• Economic growth: Offers high-quality life and strong economic growth above the Eurozone average.
• Investment appeal: Cities like Brno, Ostrava, and Pilsen attract significant foreign investment. The real estate market offers high yields with low investment risk.
• Quality of life: Excellent healthcare, education, and infrastructure. Prague is a major tourist destination.
• Business friendly: Provides access to the vast EU market.

Investment requirements

To qualify for the Czech golden visa:

• Investment amount: Invest at least EUR 3 million (CZK 75 million).
• Job creation: Create at least 20 new jobs for EU citizens or their family members, maintained for at least two years.
• Business plan: A solid business plan highlighting the investment's benefits to the Czech environment and quality of life.

Application process

• Submission: Applications can be submitted in person at the Ministry of Interior or at Czech consulates abroad.

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Residence permit

• Validity: The initial permit is valid for up to two years, with unlimited extensions.
• Family inclusion: Covers all family members who also have the right to work.
• Residency requirement: No compulsory residence requirements.

Processing times

• Approval: Decisions are usually made within 30 days, or 60 days for complicated cases.

Path to Permanent residency and citizenship

• Permanent residency: Available after five years of uninterrupted residence as an investor.
• Citizenship: Eligible after ten years of residence, requiring Czech language proficiency, a clean criminal record, and cultural integration.

Czech Passport

• Rank: One of the top 10 EU passports, offering visa-free access to 181 countries, including the United States, Canada, and Australia (eVisa or eTA required).

Summary

• Launched: August 2017.
• Eligibility: Entrepreneurs and executives with significant investments.
• Investment requirement: EUR 3 million (CZK 75 million) and creation of 20 jobs.
• Application process: Ministry of Interior or consulates.
• Residence permit validity: Up to two years, renewable.
• Path to permanent residency: After five years.
• Path to citizenship: After ten years with additional requirements.
• Czech passport: Visa-free access to 181 countries.

Hungary

In 2024, Hungary decided to relaunch its golden visa program, offering several investment options for obtaining a 10-year residence permit. The Hungary golden visa program options include investing in a local real estate fund, purchasing real estate, or making a charitable donation.

Investment options and requirements

• Local real estate fund: Invest €250,000 in a local real estate investment fund, starting from July 1, 2024.
• Real estate purchase: Purchase property worth €500,000, available from January 1, 2025.
• Charitable donation: Donate €1,000,000 to a public trust supporting Hungarian universities and colleges.

How to obtain a Hungary golden visa

• Guest investor visa: Initially, investors receive a six-month Guest Investor Visa, allowing them to stay for 90 out of 180 days.
• Investment fulfillment: Within 93 days of entering Hungary with this visa, the investor must fulfill the investment condition to secure the 10-year residence permit.

Previously, Hungary offered a residency by investment option for real estate worth €155,000, but this is no longer available since December 20, 2023.

Benefits of the Hungarian golden visa program

• Travel freedom: Residents can spend up to 90 days within 180 in other Schengen Area states.
• EU living and working: Allows indefinite stay, work, and study opportunities in Hungary.
• No minimum stay: No requirement to spend time in Hungary after obtaining the permit.
• Fast processing: Application process takes up to 2 months.
• No capital risk: Investment is made after receiving the Guest Investor Visa.
• Family inclusion: Includes spouse and children under 18.
• No language test: No need to demonstrate Hungarian language proficiency.
• Global eligibility: Open to all non-EU and non-EEA nationals.
• Path to citizenship: Potential for permanent residency after three years and citizenship after eight years, although rules for golden visa holders are not yet clarified.

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Requirements for guest investor visa

• Valid passport, return trip documents, and financial means for the stay.
• Justification for entry and stay in Hungary.
• Comprehensive medical insurance or ability to cover medical costs.
• No security threats or prior expulsion issues.
• Exemption from visa requirement if there's a visa-waiver agreement with Hungary.

Expenses for Hungary golden visa

• Local real estate fund: €250,000 investment.
• Real estate purchase: €500,000 investment.
• Charitable donation: €1,000,000 contribution.

The chosen investment must be in a government-accredited real estate fund or educational institution. Additionally, the investor must secure housing in Hungary for a registered address required for residency.

Summary

• Launch date: July 2024.
• Investment options: Real estate fund (€250,000), property purchase (€500,000), charitable donation (€1,000,000).
• Initial visa: Six-month Guest Investor Visa.
• Permit duration: 10-year residence permit.
• Application time: Up to 2 months.
• Family inclusion: Spouse and children under 18.
• Path to citizenship: Permanent residency after 3 years, citizenship after 8 years.

Estonia

The Estonia Investor Visa, sometimes referred to as the Estonia golden visa but without an official title, provides foreign nationals with the opportunity to obtain residency through business investment.

This visa caters to various types of investments, including opening a company, starting a sole proprietorship, forming a startup, or making substantial investments in the country. Please note that different rules may apply to solo traders.

Investment requirements

To qualify for the Investor Visa, applicants must meet one of the following investment criteria:

• Business investment: A minimum investment of €65,000 in a business activity.
• Self-employed: Entrepreneurs conducting business as sole traders must invest at least €16,000.
• Startup: Opening a startup company requires prior evaluation by an expert committee.
• Major investor: A direct investment of at least €1,000,000 in an Estonian company or investment fund.

Residency and citizenship

• Initial residence permit: Valid for one year, renewable for four years.
• Permanent residency: Eligible after five successive years of temporary residency.
• Citizenship eligibility: After eight years of living in the country with a permanent residence permit, applicants can apply for citizenship.

Additional conditions for citizenship

• Language proficiency: Applicants must pass an Estonian language proficiency test.
• Legal knowledge: Applicants must pass an exam on the Constitution and the Citizenship Act.
• Income and residency: Proof of permanent legal income, a place of residence, and registration in the Population Register.

Key points for business investment

• Business plan: Detailed business plan, development plans, and financial projections for the first two years.
• Startup approval: The business must be innovative and scalable, with potential for global growth. Evaluation by a startup committee is required.
• Major investments: Investments must remain permanent and predominantly benefit the Estonian economy.

Income requirements

• Proof of income: Legal income sources include employment, business activities, pensions, scholarships, and benefits.
• Minimum monthly income: Twice the subsistence level for the respective year. For 2024:
  
  • €200 for the first household member
  • €160 for each additional adult family member
  • €240 for each minor child

Health insurance requirement

All applicants must be covered by a health insurance contract during their entire stay in Estonia.

Summary

• Program name: Estonia Investor Visa, sometimes referred to as the golden visa
• Investment requirement:
  
  • €65,000 for business activities.
  • €16,000 for sole traders.
  • €1,000,000 for major investments.
• Residency:
  
  • Initial permit for one year, renewable for four years.
  • Permanent residency after five years.
  • Citizenship after eight years with permanent residency.
• Citizenship requirements: Language proficiency, legal knowledge, proof of income, and place of residence.
• Income proof: Legal income sources and meeting minimum monthly income criteria.
• Health insurance: Mandatory for all applicants.

France

Is there a France golden visa program? France does not currently offer a dedicated golden visa program. Instead, it provides pathways to residency and citizenship through investment under the French Talent Passport (FTP). The FTP shares similarities with a golden visa in its objective to attract foreign investment and talent.

These programs are known for their efficiency in obtaining French residency and potentially citizenship. FTP applicants often secure full residency status in approximately 3 months, making it a faster alternative to traditional immigration routes.

Alternatives in the absence of a French golden visa program

• The French Talent Passport – Start-Up Visa Program This initiative supports entrepreneurs fostering economic growth through startups, backed by designated incubators. It requires a minimum investment of €225,000, with a portion dedicated to research and development, granting successful candidates a renewable 4-year residency card.
• The French Talent Passport – Business Creation Program Designed for foreign founders establishing companies in France, this program mandates a comprehensive business plan, economic assessment, and local market analysis. Applicants must incorporate a French entity, inject capital, and invest a minimum of €30,000. Educational qualifications, professional experience, and financial stability are also prerequisites.
• The French Talent Passport – Investors Program Targeting investors, this program necessitates a €300,000 investment, allowing for rapid issuance of renewable 4-year residency cards in less than 3 months. Applicants must invest at least €50,000 and hold a minimum 10% ownership stake. The business must contribute to French job creation.

All FTP variants can lead to permanent residency or citizenship after 5 years, contingent upon meeting language proficiency requirements. Despite the absence of a specific golden visa, these programs offer comparable benefits in terms of residency and potential citizenship.

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Summary

• France does not have a golden visa program.
• The French Talent Passport (FTP) provides routes to residency and citizenship through investment.
• FTP programs offer efficient pathways to French residency, with some granting full residency in about 3 months.
• Variants include the Start-Up Visa, Business Creation Program, and Investors Program, each tailored to entrepreneurs and investors.
• All FTP programs may lead to permanent residency or citizenship after 5 years, subject to language requirements.

Germany

While there’s no official Germany golden visa program, you can achieve citizenship by investing in a business that fulfills economic needs. This route involves starting a business and obtaining a self-employment visa under the German Residence Act.

• Requirements for self-employment visa:
  
  • Create a detailed business plan.
  • Demonstrate relevant business experience.
  • Make a positive economic impact by hiring at least five employees.
  • Secure financing for your business.
• Investment and timeline:
  
  • No fixed minimum investment, but around €360,000 is recommended.
  • Citizenship achievable in 6-8 years: temporary residency (3 years), permanent residency (additional 3-5 years), then naturalization.
• Family inclusion: Family members (spouse, dependent children) can join and also apply for residency and citizenship after fulfilling requirements.
• Required documents:
  
  • Valid passport, business and financing plans, proof of funds, educational credentials, CV, residence proof, health insurance, and retirement plan if over 45.
• Benefits of investing:
  
  • Strong economy and central location in Europe.
  • Comprehensive social benefits and quality of life.
  • Access to a German passport and visa-free travel to 145+ countries.
  • EU residency and mobility rights.
  • Real estate investment: Does not directly lead to citizenship or permanent residency, only temporary residence without economic activity.

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Summary

• Pathway to citizenship: Start a business fulfilling economic needs, obtain a self-employment visa, and achieve citizenship in 6-8 years.
• Requirements: Detailed business plan, relevant experience, positive economic impact, hiring employees, financing, and integration.
• Investment and timeline: No set minimum; recommend around €360,000.
• Timeline: temporary residency (3 years), permanent residency (3-5 years), naturalization.
• Family inclusion: Your spouse and dependent children can join and apply for residency/citizenship.
• Documents: Passport, business plan, financing proof, education credentials, CV, residence, health insurance, retirement plan.
• Benefits: Strong economy, social benefits, German passport, EU mobility rights.
• Real estate: Does not lead directly to citizenship or permanent residency.

Luxembourg

Luxembourg introduced its Investor Visa in 2017, welcoming non-EU nationals to invest in its economy and potentially gain residency and citizenship. Here are the key details:

• Program name: Luxembourg Investor Visa (sometimes referred to as Luxembourg golden visa program)
• Residency and citizenship pathway: Residence permits can lead to citizenship after 5 years of continuous residence.
• Financial requirements: Investors can choose from various investment routes:
  
  • Route 1: Invest €500,000 in an existing Luxembourg company, held for at least 5 years.
  • Route 2: Invest €500,000 in a new business creating 5 full-time jobs within 3 years.
  • Route 3: Capital contribution of €3 million in a management and investment structure.
  • Route 4: Deposit €20 million in a Luxembourg financial institution for 5 years.
• Eligibility: Must be over 18, have a clean criminal record, suitable housing, legitimate funding source, and health insurance.
• Benefits:
  
  • Visa-free travel within the Schengen Area.
  • Permanent residency in a stable EU country.
  • Family inclusion.
  • Citizenship application possible after 5 years of residency.
• Application process: Requires submission of passport copy, proof of housing, fee payment, and other documentation as specified.

Summary

• Investment routes: Choose from existing business, new business creation, management structure, or large financial deposit.
• Financial requirements: Investment amounts range from €500,000 to €20 million.
• Residency to citizenship: Obtain residency first, then apply for citizenship after 5 years of continuous residence.
• Benefits: Visa-free travel in Schengen, stable residency, family eligibility, dynamic investment options.

Monaco

The Monaco Residence Program, sometimes called the Monaco golden visa program, offers a pathway to residency in one of the world’s wealthiest countries. It’s considered to be one of the best golden visas in the region. Here’s an overview: 

• Program type: Monaco Residence Program (Monégasque Carte de Séjour)
• Initial requirements:
  
  • Lease or purchase property adequate for family or individual accommodation.
  • Demonstrate sufficient funds to support oneself in Monaco.
• Long-stay visa and residency permit: Initial steps involve securing a long-stay visa, leading to a residency permit.
• Application process: Typically takes about three months and involves submitting essential documents such as passport, police clearance certificates, medical reports, and financial proof.
• Criteria for eligibility:
  
  • Minimum age requirement of 16 (under parental authority if younger than 18).
  • No threat to public order or security.
  • Clean criminal records domestically and internationally.
• Financial requirements:
  
  • Deposit at least €500,000 in a Monegasque bank account before applying for residency.
  • This deposit must remain untouched throughout the application and post-residency phases.
• Real estate investment: Significant investment in Monaco’s real estate market is crucial for obtaining and maintaining residency.
• Benefits for residents:
  
  • Tax advantages: No income tax for residents, which has been the policy since 1869. No wealth tax and advantageous capital gains tax provisions for non-French residents.
  • Lifestyle perks: Stunning Mediterranean views, cultural richness, and safety within a close-knit community.
  • Education and healthcare: Quality educational institutions and healthcare facilities ensure a high quality of life.
• Process summary:
  
  • Obtain necessary documents including proof of financial means, health insurance, criminal background check, and housing arrangements.
  • Submit completed application to Monaco’s Directorate of Public Security.
  • Attend an official residency interview upon approval.
  • Non-EEA applicants may need a long-stay visa from a French consulate.
  • Upon approval, receive a temporary residence permit, leading to permanent residency with continued compliance.

Summary

• Investment requirements: Significant financial commitment in real estate and bank deposit.
• Residency pathway: Long-stay visa leading to permanent residency.
• Citizenship: While not immediate, residency can lead to citizenship after meeting specific criteria.
• Documentation: Extensive documentation required, including financial proofs, background checks, and housing arrangements.
• Application process: Sequential steps including document collection, submission, interview, and visa acquisition if applicable.

Top golden visa countries in Europe 

As we discussed earlier, European golden visas offer a range of benefits and opportunities for investors seeking residency and citizenship in Europe. Now, let's dive deeper into the top golden visas, highlighting the best programs that stand out for their unique advantages and appeal.

Portugal

Portugal's golden visa program is one of the most popular in Europe. It offers a range of investment options, including real estate, business, and capital transfers. The visa provides access to the entire Schengen Area, and after five years, investors can apply for permanent residency or citizenship. Portugal's favorable tax regime and high quality of life make it an attractive destination for investors.

Spain

Spain's golden visa program grants residency to investors who spend at least €500,000 on real estate. The visa allows free travel within the Schengen Area and can lead to permanent residency and citizenship. Spain's sunny climate, beautiful landscapes, and rich cultural heritage add to its appeal.

Greece 

Greece offers one of the most affordable golden visa programs in Europe, with a minimum investment of €250,000 in real estate. The visa provides residency for the investor and their family, along with visa-free access to the Schengen Area. Greece's stunning islands, historical sites, and Mediterranean lifestyle make it a desirable location.

Malta 

Malta's golden visa program requires a combination of property investment, government bonds, and a donation. This program provides residency in a stable and growing economy with excellent healthcare and education systems. Malta's strategic location in the Mediterranean is a bonus for global travelers.

Italy 

Italy's Investor Visa offers several investment options, including government bonds, shares, or philanthropic donations. The visa grants residency and access to the Schengen Area. Italy's rich cultural heritage, world-renowned cuisine, and beautiful landscapes make it an attractive option for investors.

Ireland

Ireland offers a straightforward Immigrant Investor Program with options like enterprise investment, investment funds, real estate investment trusts (REITs), or endowments. Ireland's strong economy, English-speaking environment, and high standard of living are major draws for investors.

Cyprus 

Cyprus provides a fast-track residency through its golden visa program with a minimum real estate investment of €300,000. The visa includes the investor's family and allows travel within the Schengen Area. Cyprus's strategic location, favorable tax system, and pleasant climate make it appealing.

Latvia

Latvia's golden visa program is one of the most affordable, requiring a minimum real estate investment of €250,000. The visa grants residency and access to the Schengen Area. Latvia's low cost of living, rich culture, and beautiful natural scenery attract investors.

Bulgaria

Bulgaria offers a unique path to citizenship through its Investor Program, which requires investment in government bonds or a Bulgarian company. The visa provides residency and eventually leads to citizenship, offering access to the European Union. Bulgaria's low taxes and growing economy are key benefits.

Switzerland

Switzerland's Residency Program for Investors requires significant financial assets and offers residency in one of the world's most stable and prosperous countries. With high living standards, excellent education and healthcare systems, and beautiful landscapes, Switzerland is a prime destination for investors.

Asia

• Bahrain
• Singapore
• Turkey
• Indonesia
• Sri Lanka
• Cambodia
• Cyprus
• South Korea
• Malaysia
• Oman
• Philippines
• Qatar
• Saudi Arabia
• United Arab Emirates (UAE)

Bahrain

Bahrain has introduced a new visa called the "Bahrain Golden Residency Visa," which grants property owners, retirees, and highly talented individuals renewable residence rights for 10 years. This visa also allows holders to sponsor their family members to join them in Bahrain.

Let’s take a look at the Bahrain golden visa requirements. To qualify for the Bahrain golden visa program, you must meet certain criteria: either own property in Bahrain valued at a minimum of BHD 200,000 ($530,000), have been retired with a monthly income of at least BHD 4,000 ($10,600), or demonstrate exceptional talent in fields such as academia, entrepreneurship, science, or sports.

However, it's important to note that acquiring Bahraini citizenship is not immediate. Applicants must reside in Bahrain for at least 25 years and be fluent in Arabic. Additionally, Bahrain does not accept dual citizenship.

Summary

• Bahrain offers a "Golden Residency Visa" for property owners, retirees, and highly talented individuals, providing 10-year renewable residence rights.
• Three options to get this visa: 
  
  • property ownership worth at least BHD 200,000 
  • retirement with a monthly income of at least BHD 4,000 
  • Having exceptional talent in specified fields.
• Obtaining Bahraini citizenship demands at least 25 years of residency and fluency in Arabic. 
• Bahrain does not allow dual citizenship.

Singapore

The Singapore golden visa program, officially known as the “Singapore Global Investor Program,” allows you to gain permanent residency by making a significant financial investment. To qualify for this program, you need to invest at least SGD 2.5 million ($1,853,600) in one of the following options:

• An existing business or a new business in Singapore
• Approved funds in Singapore
• Setting up a family office in Singapore

Once you are part of the Global Investor Program, you can apply for permanent residency. After holding permanent residency for just two years, you are eligible to apply for Singaporean citizenship. 

It’s important to note that Singapore’s passport is one of the strongest globally, often ranked first or second in various passport strength indices. However, Singapore does not recognize dual citizenship, so you would likely need to renounce any other citizenships you hold if you choose to become a Singaporean citizen.

Summary

• Singapore’s golden visa is called the Singapore Global Investor Program.
• This visa requires a minimum investment of SGD 2.5 million ($1,853,600).
• Investment options:
  
  • Existing or new business in Singapore
  • Approved funds in Singapore
  • Establishing a family office in Singapore
• It grants permanent residency, with the possibility of applying for citizenship after two years.
• The Singaporean passport is highly ranked globally.
• Dual citizenship is not allowed in Singapore and existing citizenships must be renounced.

Turkey

Are you curious about the Turkish golden visa? Obtaining Turkish citizenship through investment is a relatively speedy process, taking between three to six months from the time of successful investment to officially becoming a citizen. 

Many people find the idea of living in Turkey appealing because of its breathtaking beaches and Mediterranean climate. That’s why many people from Asia consider Turkey to be one of the best golden visa countries in the region. It’s particularly popular among people from neighboring countries. 

The most affordable and widely chosen investment option is real estate, requiring a minimum investment of $400,000. Turkey offers other investment pathways at higher thresholds, which include:

• Investing in government bonds
• Depositing funds into a Turkish bank
• Making a capital investment
• Investing in real estate or venture capital funds

All investments, except direct real estate purchases, necessitate a minimum investment of $500,000, with a requirement to maintain them for at least three years.

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Alternatively, establishing a Turkish company and hiring a minimum of 50 employees is another pathway to citizenship, with no specified investment threshold.

Holders of a Turkish passport enjoy visa-free access to 124 countries. However, obtaining a Schengen visa is required for travel to Europe, and a UK tourist visa is necessary for entry into the UK. Turkey allows dual citizenship.

Summary

• Turkish citizenship through investment takes 3 to 6 months.
• Real estate investment of $400,000 is the most popular route.
• Other investment options:
  
  • Government bonds
  • Turkish bank deposits 
  • Capital investment 
  • Real estate or venture capital funds
• All investments (excluding direct real estate) require a minimum of $500,000, held for 3 years.
• Establishing a Turkish company and employing at least 50 individuals is an option.
• Turkish passport holders enjoy visa-free access to 124 countries.
• Dual citizenship is recognized in Turkey.

Indonesia

In September 2023, Indonesia declared plans to introduce the Indonesia golden visa program. This initiative, also known as the Bali golden visa program, aims to attract foreign investors to the picturesque island of Bali.

Under the Indonesian golden visa program, foreign investors can obtain residency permits for either five or ten years, depending on their investment level. For individuals, the investment threshold is set at $350,000 for a five-year visa and $700,000 for a ten-year visa.

Alternatively, investors can opt to establish a company, with investments of $2.5 million and $5 million securing five-year and ten-year visas respectively.

The Bali golden visa offers several advantages, including:

• Multiple entries into Indonesia
• Streamlined bureaucratic processes
• Simplified property acquisition procedures
• Expedited pathways to Indonesian citizenship

If the prospect of long-term residency in a tropical paradise appeals to you, the Bali golden visa could be an ideal option.

Summary

• Indonesia announced the Bali golden visa program in September 2023.
• Investors can obtain residency permits for five or ten years.
• Options to get this visa:
  
  • Minimum investment of $350,000 for a five-year visa 
  • Minimum investment of $700,000 for a ten-year visa
    establishing a company with investments of $2.5 million (for five years) and $5 million (for ten years)
• Key benefits of this visa:
  
  • Multiple entries into Indonesia
  • Minimal bureaucracy
  • Easy property purchase
  • Opportunity to fast-track citizenship

Sri Lanka 

The Sri Lanka golden visa program, officially known as the Golden Paradise Residence Visa Program, is designed to attract investors to Sri Lanka, offering them and their families the opportunity to enjoy the island's natural beauty while benefiting from the country's growing economy.

This long-term residency program provides a range of advantages for investors, including the ability to invest, live, and study in Sri Lanka.

Eligibility requirements: To qualify for the Golden Paradise Residence Visa, applicants must meet several criteria:

1. Financial requirements:
   
   • Open a Golden Paradise Foreign Currency Account (GPFCA) and deposit a minimum of $200,000 in a local bank authorized by the Central Bank of Sri Lanka.
   • After the first year from the visa issuance date, investors can withdraw up to 50% of the initial investment.
2. Documentation:
   
   • Provide documents proving the fund transfer to the GPFCA.
   • Obtain a police clearance report from the applicant’s country of residence within six months prior to application.
   • Submit a medical report from an authorized local hospital, confirming the absence of Malaria, Filariasis, Tuberculosis, and HIV/AIDS.
   • Submit a copy of the bio-data page of the passport.
   • For family members, additional documents are required, including the marriage certificate, police clearance for the spouse, and birth certificates for dependents.
3. Forms:
   
   • Complete and submit the Residence Visa application and the Personal Particular Form.

Privileges: Holders of the Golden Paradise visa are granted the following privileges:

• The right to invest, live, and study in Sri Lanka.
• Investments can be made in several sectors, including:
  
  • Government-approved projects
  • Purchase of condominium properties
  • Leasing land and buildings
  • Purchasing Sri Lanka Development Bonds

Application process:

• Submission: The Residence Visa application, along with all required documents, must be submitted to the Head Office of the Department of Immigration and Emigration in Sri Lanka.
• Validity Period: The visa is valid for ten years.
• Visa Fee: A fee of $2,000 is payable for the ten-year visa.

Summary 

• The Golden Paradise Residence Visa is a long-term visa for investors in Sri Lanka.
• The Sri Lankan golden visa requires a minimum deposit of $200,000 in a local bank, with partial withdrawal allowed after one year.
• Necessary documents include proof of deposit, police clearance, medical report, passport bio-data, and family-related documents.
• Visa holders can invest, live, and study in Sri Lanka.
• Investment options include government projects, real estate, leases, and development bonds.
• The visa is valid for ten years with a fee of $2000.

Cambodia

The Cambodia My 2nd Home (CM2H) program offers an opportunity for foreigners to obtain a long-term residency in Cambodia through a 10-year golden visa, officially recognized by the Ministry of Interior and General Department of Immigration.

The Cambodia golden visa program is the sole pathway endorsed by the Cambodian government to apply for a Cambodian passport, available after five years of holding the CM2H visa. Successful applicants enjoy unrestricted entry and exit privileges in Cambodia.

Overview of Cambodia My 2nd Home (CM2H) Program

• Golden visa: Grants a 10-year residency in Cambodia.
• Passport eligibility: Eligible for a Cambodian passport after five years of holding the CM2H visa.
• Open to all nationalities: Available to citizens of countries recognized by Cambodia, regardless of race, religion, or gender.

Investment and immigration requirements

• Eligibility criteria:
  
  • Must be a citizen of a country recognized by the Cambodian government.
  • Must be 18 years old or above.
  • Must obtain approval from the Ministry of Interior.
  • Must have no criminal record in Cambodia.
• Investment requirements:
  
  • Minimum investment capital of $100,000 in Cambodia.
  • Investment includes a 10-year CM2H membership.
  • Must own property recognized by the Ministry of Interior as part of the investment.

Benefits of CM2H program

• Long-term residency: Provides a stable 10-year residency with the option to renew.
• No entry or exit restrictions: Freedom to enter and exit Cambodia without limitations.
• Pathway to citizenship: After five years, eligible to apply for Cambodian citizenship, facilitated through the CM2H program. 

Summary 

• Golden visa duration: 10 years of residency in Cambodia.
• Investment requirement: Minimum $100,000 investment, including ownership of recognized property.
• Passport eligibility: Can apply for Cambodian passport after five years.
• Application process: Requires approval from the Ministry of Interior and adherence to immigration and investment criteria.

Cyprus

The Cyprus golden visa program offers a streamlined path to residency for non-EU, non-EEA, and non-Swiss nationals over 18 years old with sufficient legal funds. Effective from May 3, 2023, new revisions have refined the requirements and benefits of the program.

Cyprus golden visa requirements:

1. Eligibility criteria:
   
   • Applicants must have a clean criminal background and pose no threat to public security or order.
   • A declaration of intention not to work in the Republic, except as a Director in a company, is required.
   • Applicants must visit Cyprus every two years and provide proof of physical presence.
2. Income and investment:
   
   • Annual income: €50,000 per applicant, €15,000 for the spouse, and €10,000 for each dependent.
   • Investment proof: Applicants must annually submit evidence that their investment is maintained, income levels are met, they retain active insurance, and have a clean criminal record.

Investment routes:

1. Residential property:
   
   • Purchase a residential property valued at least €300,000 (excluding VAT). The first €200,000 plus VAT must be invested before lodging the application. Funds must be transferred from abroad and deposited in a Cypriot financial institution.
2. Commercial property:
   
   • Purchase commercial properties like offices, shops, or hotels with a minimum value of €300,000 (excluding VAT). These properties can be resold.
3. Share capital in a Cypriot company:
   
   • Invest at least €300,000 in the share capital of a Cypriot company that employs at least five people.
4. Units in a Cyprus Collective Investment Organization:
   
   • Invest in units of a Cyprus Collective Investment Organization, regulated by the Cyprus Securities and Exchange Commission, managed by professional fund managers, often in sectors like energy, industry, technology, and real estate.

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Application process:

1. Investment: Choose the investment route and place the required investment.
2. Residency application: Submit the application with necessary documents and wait approximately two months for approval.
3. Biometrics visit: Attend a biometrics session after receiving the Letter of Approval.
4. Receive permit: Pay the government permit fee and receive the Cyprus permanent residency permit within a week, renewable for up to five years.
5. Apply for citizenship: After holding the residency for seven years, with a consistent year of residence before applying, one can apply for Cypriot citizenship.

Benefits of the Cyprus golden visa:

• Residency in Cyprus: Live in a beautiful Mediterranean island with a high standard of living.
• Path to citizenship: Apply for Cypriot citizenship after seven years, which includes visa-free travel to 168 countries and the ability to live, work, and study in the EU.
• Family eligibility: Entire families, including dependents, can apply for residency and citizenship.
• Tax advantages: Enjoy favorable tax policies and avoid double taxation as Cyprus has numerous double tax treaties.
• Educational and language diversity: Cyprus offers high-quality education and multiple languages, including Greek and English.
• Dynamic investment opportunities: Flexible and lucrative investment options in real estate, businesses, and funds.

Required documentation:

• Proof of investment and legitimacy of funds
• Personal documents (CV, birth/marriage certificates, passport copies)
• Clean criminal record certificate
• Proof of dependency for children
• Title of ownership or contract of sale and proof of payment for property
• Declarations of non-employment in Cyprus

Legalizing documents:

All documents must be legalized and translated into Greek or English by a certified translator. Legalization can be done by the Cyprus Consulate or via the Apostille of the Hague Convention.

Cyprus golden visa costs (application fee):

• Single applicants: €500
• Dependents under 18: Free
• Dependents 18 and older: Additional €500 per person

Summary

• Investment options: Residential and commercial properties, company shares, collective investment units.
• Residency and citizenship path: Obtain permanent residency, renewable for up to five years, and apply for citizenship after seven years.
• Benefits: High living standards, EU citizenship, family eligibility, tax incentives, and diverse investment opportunities.

South Korea

South Korea offers two principal investor visa schemes: the Immigrant Investor Scheme for Public Business (IISPB) and the Immigrant Investor Scheme for Real Estate (IISRE). These programs, often referred to as “South Korea golden visa” programs, provide avenues for obtaining permanent residency and potentially citizenship.

• Program name: Immigrant Investor Scheme for Public Business (IISPB) and Immigrant Investor Scheme for Real Estate (IISRE)
• Time to citizenship: 5 to 6 years
• Time to permanent residency: 5 years
• Minimum investment:
  
  • KRW 300 million (about $250,000) for certain age groups under the Public Business scheme
  • KRW 1 billion (about $788,000) for real estate investments
• Physical presence requirement: Visit South Korea at least once a year
• Application processing time: 20 days
• Visa-free travel: Citizenship allows visa-free travel to 190 destinations, including
• Schengen countries and the US
• Contribution types: Fund investment, real estate Investment, designated development projects

Summary

• Visa options: IISPB for public business investments and IISRE for real estate.
• Investment requirements: KRW 300 million for certain age groups under IISPB; KRW 1 billion for IISRE.
• Timeline: 5 to 6 years to citizenship; 5 years to permanent residency.
• Visa benefits: Visa-free travel to 190 destinations upon acquiring citizenship.
• Program features: Options include guaranteed principal investment and risk-based investment in development projects.

Malaysia

The Malaysia My Second Home (MM2H) program, often referred to as the Malaysia golden visa program, aims to attract foreign nationals seeking long-term residence in Malaysia. Here are the key details of the program:

• Program name: Malaysia My Second Home (MM2H) Program
• Residency and citizenship pathway: Does not lead to permanent residence or citizenship.
• Tiers: Silver, Gold, or Platinum with varying financial requirements and benefits.
• Silver: RM 750,000 fixed deposit, 5-year renewable visa.
• Gold: RM 2 million fixed deposit, 15-year renewable visa.
• Platinum: RM 5 million fixed deposit, 20-year renewable visa.
• Financial requirements: Fixed deposit in Malaysian bank, which can be partially withdrawn after approval.
• Property purchase: Minimum thresholds apply for purchasing real estate.
• Participation fees: Vary by tier, with no fee for dependents.
• Benefits:
  
  • Visa validity allows multiple entries and exits.
  • Tax exemptions on funds brought into Malaysia.
  • Health examination and insurance requirements.
  • Dependents include spouse, children, and parents.
• Renewal fees: Range from RM 1,500 to RM 5,000 depending on tier.
• Application process: Must be conducted through a licensed MM2H agent.

Summary

• Visa options: Silver, Gold, or Platinum tiers with varying deposit amounts and visa durations.
• Financial requirements: Fixed deposit in Malaysian bank, with partial withdrawal options.
• Benefits: Visa-free entry, tax exemptions, health insurance options, and family inclusion.
• Property purchase: Minimum thresholds apply; restrictions on property sale within 10 years.
• Renewal and fees: Renewable visas with renewal fees based on tier.

Oman

In July 2021, the Omani government announced the "Investment Residency Program," which offers long-term (five- and ten-year) renewable residence permits to investors in Oman. Here's a look at this program, sometimes referred to as the Oman golden visa program:

Why consider the golden visa in Oman?

Oman offers a diverse landscape, from towering mountains and vast deserts to clear coastal waters. With a population of just 5 million, it provides ample space for exploration and investment opportunities.

How to apply for a 5-year investor visa in Oman

Foreign nationals aged 21 and above are eligible for a 5-year extendable visa if they meet any of the following criteria:

• Investment in government bonds: Minimum OMR 250,000.
• Real estate purchase: Property or housing units valued at a minimum of OMR 250,000.
• Investment in Omani company: Minimum OMR 250,000.

Retirees are also eligible if:

• They are at least 60 years old.
• They have worked in Oman for at least two years.
• They provide a personal bank account statement from an Omani bank showing a monthly income of at least RO 4,000.
• They provide a house deed or residential lease under their name.

Benefits of the 5-year residency by investment

• Resident cards renewed every two years.
• Right to reside with immediate family members, with children up to age 25.
• Employment of up to three domestic workers.
• Permission to engage in economic activities or work in Oman.
• Ability to issue visitor visas for relatives.
• Use of queues designated for Omanis at airports and other facilities

How to apply for a 10-year investor visa in Oman

Would you like to know how to apply for a golden visa with a validity of 10 years in Oman? Foreign nationals aged 21 and above are eligible for a 10-year extendable visa if they:

• Invest in a limited liability or closed joint-stock company: Minimum OMR 500,000.
• Establish a company: Employing at least 50 Omani nationals (no minimum investment required).
• Real estate purchase: Property valued at a minimum of OMR 500,000.
• Ownership of a company or shares: Market value of at least RO 500,000.

Benefits of the 10-year residency by investment

• Resident cards renewed every three years.
• Right to reside with immediate family members without limiting the number.
• Ownership of a single property outside ITC projects for residential, commercial, or industrial purposes, transferable to others.
• Employment of up to three domestic workers.
• Permission to engage in economic activities or work in Oman.
• Ability to issue visitor visas for relatives.
• Use of queues designated for Omanis at airports and other facilities.

Nominating investment partners for residency

Investors meeting the minimum investment threshold can nominate other partners for residency, subject to each meeting the relevant requirements.

Application process

• Applications opened on October 3, 2021.
• Submissions are made through the Ministry of Commerce, Industry, and
• Investment Promotion's (MOCIIP) online system.

Summary

• Investment requirements: OMR 250,000 (5-year visa); OMR 500,000 (10-year visa).
• Eligible investments: Government bonds, real estate, Omani companies, or establishing companies with employment of Omanis.
• Retirees: Minimum age of 60, proof of work, and sufficient income.
• Benefits:
  
  • Renewable resident cards.
  • Family residency rights.
  • Employment of domestic workers.
  • Engagement in economic activities.
  • Visitor visas for relatives.
  • Special queues at airports.
• Application: Online submission through MOCIIP.

Philippines

The Philippines’ Special Investor’s Resident Visa (SIRV), sometimes considered the Philippines golden visa, provides an opportunity for foreign nationals to gain residence in the Philippines through investment. This visa program is suitable for those looking to internationalize their life while investing in the Philippines.

Investment requirements

To qualify for the SIRV, applicants must invest at least $75,000 in one of the following qualified forms of investment:

• Publicly-listed companies
• Companies in priority economic activities listed under the Investment Priorities Plan (IPP) of the Board of Investments
• Companies in the services and manufacturing sectors

Note: Real estate investment is not allowed under this program.

Eligibility criteria

Applicants must meet the following criteria:

• Be at least 21 years old
• Have no criminal record
• Be free of contagious diseases
• Have no history of mental disorders
• Provide proof of accessible funds of at least $75,000

Family inclusion

• The investment sum also allows for the inclusion of family members:
  Spouse
• Dependent children under 21 years old and unmarried

Step-by-step application process

1. Eligibility check
   
   • Ensure eligibility based on age, health, criminal record, and financial requirements.
2. Investment decision
   
   • Choose a qualified investment in approved industries, such as business services, financial services, communication, construction, education, health, tourism, transport, etc.
3. Application submission
   
   • Apply at the nearest embassy or consulate, or visit the One-Stop SIRV Center in Manila if already in the Philippines.
   • Required documents include:
     
     • Passport
     • Birth certificate
     • Marriage contract (if applicable)
     • Filled-out application form
     • Personal history statement
     • Clearance from central government agency and local authorities
     • Medical certificate
     • Proof of funds from an accredited depository bank
4. Application processing fee of $300
5. Probationary SIRV issuance
   
   • On approval, receive a probationary SIRV valid for six months.
   • Make the required investment within this period.
6. Convert to indefinite SIRV
   
   • Physically present in the Philippines to make the investment.
   • Convert probationary SIRV to an indefinite one upon completion of the investment.

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Residency and citizenship

• Residency: The indefinite SIRV allows multiple entry privileges as long as the investment exists and meets the minimum threshold.
• Citizenship: Difficult to obtain, requiring ten years of residency, knowledge of Filipino history, and proficiency in Tagalog.

Summary

• Program name: Special Investor’s Resident Visa (SIRV), sometimes referred to as the golden visa.
• Investment requirement: Minimum $75,000 in qualified investments.
• Eligibility: Age, health, criminal record, and proof of funds.
• Family inclusion: Spouse and dependent children under 21 years old.
• Application process:
  • Eligibility check
  • Investment decision
  • Application submission with required documents
  • Probationary SIRV issuance
  • Conversion to indefinite SIRV
• Residency: Indefinite residence with multiple entry privileges.
• Citizenship: Hard to obtain, requiring ten years of residency and knowledge of
• Filipino history and language.

Qatar

The Qatar golden visa, also known as the Residence Visa for Real Estate Owners or the Qatar Investor Visa, provides a pathway for foreign investors to obtain residency through investment in real estate or business ventures.

This program is similar to other golden visa programs in Europe and the Caribbean, offering attractive residency options for significant financial contributions.

Qatar golden visa requirements

Foreign nationals can obtain residency in Qatar through two main investment options:

• Real estate investment:
  
  • Temporary residency: Invest a minimum of QAR 728,000 ($200,000) to receive a temporary residence permit valid for one year.
  • Permanent residency: Invest a minimum of QAR 3,650,000 ($1 million) to receive a permanent residence permit valid for five years.
• Business investment:
  
  • Invest in the formation or relocation of a business within Qatar to obtain long-term residency without the need for employer sponsorship.

Qatar golden visa benefits

• Property Ownership: Non-Qatari nationals can purchase, sell, and lease property in Qatar.
• Residency permit: Granting temporary or permanent residency based on the level of investment.
• Quality of life: Access to free healthcare, education, and a high standard of living.
• Business opportunities: Qatar's growing infrastructure and favorable policies create lucrative opportunities for investors.

Application process

1. Eligibility check:
   
   • Must meet the investment criteria and provide proof of funds.
   • Required documents include a statement of the investment amount and source of funds, a certificate of good conduct, a medical examination, property ownership documentation, and valid identification (passport).
2. Application submission:
   
   • The application can be submitted online through the Qatar Ministry of Interior (MOI) website.
   • The process typically takes 2 to 4 weeks, depending on the timely submission of necessary documents.
3. Investment completion:
   
   • For the real estate investment option, the investment must be made upon arrival in Qatar.
   • For business investments, the investor must comply with specific Qatari business regulations and requirements.

Advantages of investing in Qatar real estate

• Economic growth: Qatar offers a stable and rapidly growing economy with extensive infrastructure and construction projects in various sectors.
• Investor-friendly policies: The Qatari government has implemented favorable policies for non-Qataris to invest in the real estate sector.
• High returns: Investing in Qatar real estate provides a promising path for high returns on investment.

Summary 

• Program name: Qatar golden visa, also known as Residence Visa for Real Estate
• Owners or Qatar Investor Visa.
• Investment requirement:
  
  • Real estate: Minimum QAR 728,000 ($200,000) for temporary residency, QAR 3,650,000 ($1 million) for permanent residency.
  • Business: Investment in Qatari businesses for long-term residency.
• Application process: Online submission through MOI website, with required documentation and a 2 to 4-week processing time.
• Benefits:
  
  • Property ownership rights.
  • Temporary or permanent residency.
  • Access to high-quality healthcare and education.
  • Lucrative business opportunities and economic growth.

Saudi Arabia

Benefits:

• Family benefits: Immediate family members can reside without paying the dependent fee, work, and invest freely.
• Property ownership: Own residential, commercial, and industrial properties (excluding Mecca, Madina, and border regions).
• Business opportunities: Invest in the Saudi Capital Market, switch jobs without sponsorship, and open 100% foreign-owned entities.
• Travel convenience: Unlimited entry and exit from Saudi Arabia, using resident lanes at airports.
• Miscellaneous: Recruit foreign domestic workers, retain residency benefits for family members after the primary holder's passing.

Application process:

• Account registration: Create an account on the Saudi Premium Residency portal.
• Complete application form: Provide personal, family, educational, and financial details.
• Document submission: Upload supporting documents like passport copies, bank statements, and medical reports.
• Review and submission: Review the application and pay the processing fee of $170.

Required documents:

Bank statements, proof of address, personal and family photos, passport copies, previous Saudi visas, medical reports, and proof of financial capacity. Additional documents may be required based on the specific residency product.

Costs:

• Limited duration residency: 100,000 SAR annually.
• Unlimited duration residency: 800,000 SAR one-time fee.
• Other products: One-time fee of 4,000 SAR.
• Application processing fee: $170.

Validity and renewal:

• Limited duration residency: Valid for one year, renewable.
• Unlimited duration residency: Permanent.
• Other products: Validity tied to specific conditions like property ownership or investment criteria.

United Arab Emirates (UAE) 

The UAE golden visa program is a long-term residence visa that allows foreign talents to live, work, or study in the UAE while enjoying exclusive benefits. Launched to attract investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes, the Emirates golden visa aims to bolster the UAE’s position as a hub for global talent and investment.

Key features and UAE golden visa benefits:

• Entry visa: A six-month multiple-entry visa to proceed with residence issuance.
• Long-term residence: Renewable residence visas valid for 5 or 10 years.
• No sponsor required: Privilege of not needing a sponsor.
• Travel flexibility: Ability to stay outside the UAE for more than six months without losing the residency.
• Family sponsorship: Ability to sponsor family members, including spouses and children, regardless of their age.
• Domestic helpers: Ability to sponsor an unlimited number of domestic helpers.
• Posthumous benefits: Family members can stay in the UAE until the end of their permit duration if the primary golden visa holder passes away.

UAE golden visa requirements and eligibility categories:

1. Investors in public investments:
   
   • 10-year visa: Submit a letter from an accredited investment fund with a deposit of AED 2 million, a valid commercial or industrial license, or a letter from the Federal Tax Authority showing payment of at least AED 250,000 annually.
   • Must own the invested capital completely and provide proof of medical insurance.
2. Real estate investors:
   
   • 5-year visa: Provide a letter from the land department confirming ownership of properties worth at least AED 2 million. Properties can be purchased with loans from specific local banks.
3. Entrepreneurs:
   
   • 5-year visa: Own an economic project of a technical or future nature based on risk and innovation. Provide approval letters from a UAE auditor (project value not less than AED 500,000), the respective emirate's authorities, and an accredited business incubator.
4. Outstanding specialized talents:
   
   • Includes doctors, scientists, creative individuals in culture and art, inventors, executives, specialists in scientific fields, and athletes.
   • 10-year visa: Depending on the talent category, requirements include letters of approval or recommendation from relevant UAE authorities, a university degree, a specific salary level, and a valid work contract.
5. Outstanding students:
   
   • High school students: 5-year visa for national-level toppers with a minimum grade of 95%, based on a recommendation letter from the Ministry of Education.
   • University students: 10-year visa for students from A or B class universities (GPA requirements and recommendation letters apply).
6. Pioneers of humanitarian work:
   
   • 10-year visa: For members of international and regional organizations, civil associations, individuals with appreciation awards, or funders of humanitarian work (minimum support value of AED 2 million).
7. Frontline heroes:
   
   • 10-year visa: For frontline workers who showed extraordinary effort during crises like the COVID-19 pandemic, based on a recommendation from a competent authority.

How to get a golden visa in the UAE:

1. Account registration: Create an account on the UAE golden visa portal by providing personal details such as full name, passport details, email, and phone number.
2. Application form: Log in and fill out the application form, detailing personal, family, educational, occupational, and financial information.
3. Document submission: Upload supporting documents like passport scans, ID, bank statements, medical reports, and any additional documents required by the specific visa category.
4. Review and submission: Ensure all information is accurate and submit the application along with the processing fee of $170.

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Required documents:

• Bank statements from the last 12 months
• Proof of current address
• Personal and family photos
• Copies of passports and all previous UAE visas
• Medical reports from a certified health institution
• Proof of financial capacity
• Certified salary statements (for employees)
• Commercial registration and audited financial statements (for investors)

UAE golden visa cost and renewal:

• Limited duration premium residency: AED 100,000 annually.
• Unlimited duration premium residency: One-time fee of AED 800,000.
• Other categories like business investor, real estate owner, entrepreneur, special talent, and gifted residency require a one-time fee of AED 4,000.
• Application processing fee: $170.

'One touch' golden visa service:

The “One Touch” service streamlines the application and renewal process, assisting with visa applications, issuance of other visas, residency, and identity documents in one step. Applicants can apply through the ICP website or the ICP App available on Google Play and App Store.

Summary 

The UAE golden visa offers long-term residency for various categories, including investors, entrepreneurs, and talented individuals.

• Benefits include no need for a sponsor, travel flexibility, family sponsorship, and more.
• The application process involves registration, form completion, document submission, and a processing fee.
• Requirements and visa duration vary by category, with specific criteria for investors, real estate owners, entrepreneurs, and specialized talents.
• The “One Touch” service simplifies the application and renewal process for applicants.

Note: These are the general UAE golden visa rules. Specific conditions may apply for the Dubai golden visa program and Abu Dhabi golden visa program. It is recommended to check the related websites for detailed information.

The Americas

• Canada
• United States (USA)
• Mexico
• Brazil
• Colombia
• Costa Rica
• Panama
• Paraguay

Canada

Are you wondering: Does Canada have a golden visa program? The Quebec Immigrant Investor Program (QIIP) is the most popular investor residency program in Canada.

With this program, you can apply for Canadian citizenship after three years by investing 1.2 million CAD in a government-guaranteed fund. This investment does not earn any interest.

To qualify for the QIIP, you must have a legally acquired personal net worth of at least 2 million CAD. Additionally, you must reside in Quebec for a minimum of 183 days per year over the three-year period.

Investing in Canada can be very rewarding. The country is known for having one of the world's most powerful passports, a positive global reputation, state-provided healthcare, and excellent job opportunities.

Summary

• Quebec Immigrant Investor Program (QIIP) is the most popular investor residency program in Canada.
• Citizenship application is possible after three years with a 1.2 million CAD passive investment in a non-interest-bearing government-guaranteed fund.
• Golden visa criteria for eligibility: 
  
  • A legally acquired personal net worth of at least 2 million CAD
  • residing in Quebec for at least 183 days each year for three years
• Benefits of investing in Canada:
  
  • Powerful passport
  • Good global reputation
  • State healthcare
  • Strong job opportunities

United States (USA)

In the United States, the equivalent of a US golden visa program is the EB-5 Investor Visa. To qualify for this visa, sometimes referred to as the American golden visa program, you need to invest a minimum of $900,000 in a US business and generate at least 10 jobs for American workers. Each year, there are 10,000 visa slots available, which also cover family members.

Getting an EB-5 visa is the initial stage toward obtaining US citizenship. Initially, you receive a 'conditional' residency Green Card, valid for two years. Following this period, you can apply for unconditional or permanent residency, which entails a renewable 10-year Green Card.

After residing in the US for at least seven years, you become eligible to apply for US citizenship through naturalization. This includes two years of “conditional residency” and five years of “unconditional residency.”

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Summary

• The EB-5 Investor Visa requires a $900,000 investment in a US business and the creation of 10 American jobs.
• There are 10,000 visa slots annually, which also cover family members.
• First, you receive a “conditional” residency Green Card, which is valid for two years. Then, you can apply for a renewable 10-year Green Card for permanent residency.
• After at least seven years of residency, including two years of “conditional residency” and five years of “unconditional residency,” you can apply for US citizenship through naturalization.

Mexico

The option to obtain temporary residency (and potentially citizenship) in Mexico through investment is sometimes considered an equivalent of a Mexico golden visa. Here are the key details:

• Program type: Mexican Temporary Residency and Citizenship by Investment
• Minimum investment requirements:
  
  • $123,330 in real estate
  • $86,000 in shares of a Mexican corporation
• Documentation required: Invoices, receipts, contracts, business plans, permits, and registry with Mexico’s Social Security department demonstrating employment of at least three individuals.
• Initial permit: Granted for one year, renewable for one to three years.
  Physical presence requirement: No requirement to stay in Mexico to maintain temporary residence.
• Citizenship pathway:
  
  • Naturalization after five years of residency in Mexico (including temporary and permanent residency periods).
  • Two years of residency for individuals from Latin American countries or the Iberian Peninsula.
• Dual citizenship: Mexico allows dual citizenship.
  Additional pathways to citizenship: Birth in Mexico, descent from Mexican parents or grandparents, marriage to a Mexican citizen, or having Mexican children.
• Citizenship application requirements: DNN-3 form, birth certificate, passport, residency card, list of countries visited in the last two years, clean criminal record, and possibly a Spanish language and Mexican history and culture test.

Summary

• Investment requirements: Real estate and shares in a Mexican corporation.
• Residency pathway: Initial temporary residency with potential for renewal, leading to permanent residency and citizenship.
• Citizenship benefits: Dual citizenship permitted, straightforward naturalization process after fulfilling residency requirements.
• Documentation: Comprehensive set of documents required for both residency and citizenship applications.
• Tests: Possible Spanish language and Mexican history/culture tests as part of the citizenship application process.

Brazil

The Brazil Permanent Residence Visa Program, known as the Brazil golden visa program or VIPER, offers a pathway for foreign investors to secure permanent residency by making significant investments in Brazil. This initiative allows eligible individuals to obtain a Brazil permanent residency visa by investing in various avenues such as purchasing Brazilian real estate, establishing a local startup, or creating employment opportunities for Brazilians.

Overview of the Brazilian golden visa program

• Investment options: Foreign nationals can achieve permanent residency by:
  
  • Investing a minimum of BRL 150,000 (approximately $30,000) in designated industries like innovation, science, and technology.
  • Investing BRL 500,000 (approximately $100,000) in a new or existing Brazilian corporation.
  • Purchasing Brazilian real estate valued at least BRL 1,000,000 (about $200,000), or BRL 700,000 (about $140,000) in the north or northeast regions of Brazil.

Real estate investment

• Path to residency: Investing in Brazilian real estate is a viable option for obtaining a permanent residency card.
• Minimum investments: Varied based on location, with reduced thresholds applicable in specific regions.
• Residency conditions: Holders of real estate-based visas must maintain ownership for at least four years and comply with residency requirements.

Business investment requirements

• Investment criteria: Investors can secure residency by:
• Investing in new or existing Brazilian companies, contributing to economic growth.
• Creating a specified number of jobs or investing in sectors critical to local development.
• Approval process: Requires approval from the National Immigration Council and submission of a detailed business plan.

Citizenship pathway

• Residency to citizenship: After maintaining permanent residency for four years, including meeting minimum stay requirements, investors can apply for Brazilian citizenship.
• Advantages: Accelerated citizenship eligibility for higher real estate investments, reducing residency requirement to three years.

Eligibility criteria

• General requirements:
  • Minimum age of 18 years.
  • Clean criminal record or evidence of rehabilitation.
  • Good health and financial independence to support oneself and dependents.

Summary

• Investment options: Real estate or business investments qualify for the Brazil golden visa.
• Residency conditions: Minimum holding periods for investments apply to maintain permanent residency.
• Path to citizenship: Opportunities to apply for Brazilian citizenship after meeting residency and stay requirements.
• Eligibility criteria: Requirements include age, criminal record, health, and financial independence.

Colombia

The Colombia golden visa program allows foreign investors to obtain residency in this dynamic Latin American country through financial contributions. The required investment amount is tied to Colombia's minimum monthly wage, which adjusts annually.

The current minimum investment is $29,000. With a golden visa, investors can reside in Colombia for the duration of their visa and potentially apply for permanent residency or citizenship.

Requirements for Colombian golden visa

• Visa types: Investors can apply for either an M‑6 visa for business investments or an M‑10 visa for real estate investments.
• Investment amounts:
  
  • M‑6 Visa: Requires an investment equivalent to 100 times the Colombian minimum monthly salary.
  • M‑10 Visa: Requires an investment equivalent to 350 times the Colombian minimum monthly wage.
• Investor requirements:
  
  • Age over 18.
  • Clean criminal record.
  • Legally sourced investment funds.
  • Health insurance coverage.
  • Valid passport with at least 180 days validity and 2 blank pages.
  • Undergo the due diligence process.

Application process 

Obtaining a Colombian investment visa involves several steps:

1. Open a bank account: Establish a Colombian bank account to transfer the investment capital, requiring valid ID, address proof, and financial evidence.
2. Make an investment: Choose an investment option (business or real estate), register with the Chamber of Commerce if investing in a business, and obtain a confirmation certificate from a Colombian public accountant.
3. Prepare documents: Gather necessary documents including application form, passport photos, proof of investment, financial means, and health insurance.
4. Apply online: Complete the visa application on the Colombian Ministry of Foreign Affairs website, upload required documents, and pay the non-refundable application fee online.
5. Wait for approval: Await processing; upon approval, receive an email with the visa attached for printing.
6. Register the visa: Within 15 days in Colombia (or within 60 days after entry), register the visa with Migración Colombia to obtain a Cedula de Extranjeria (foreigner ID card).
7. Renew the visa: The M visa is valid for 3 years; it can be renewed, and after 2 years of renewal, applicants can apply for permanent residence.

Benefits of Colombia golden visa

• Duration: Allows residency in Colombia for up to three years, longer than most tourist visas.
• Business activities: M‑6 visa permits conducting business related to the investment.
• Multiple entries: Allows multiple entries into Colombia during the visa validity.
• Path to permanent residency: After five years, eligible for a Resident (R) visa leading towards permanent residency and citizenship.
• Access to services: Access to top-tier social and healthcare services in Colombia.
• Lifestyle: Opportunity to experience Colombia’s rich cultural offerings including music, cuisine, and festivals.

Path to permanent residence and citizenship

• Permanent residency: Holders of the TRV for five consecutive years can apply for a Permanent Residency Visa (PRV).
• Citizenship: Applicants must demonstrate proficiency in Spanish, knowledge of Colombia’s history and constitution, maintain continuous residency, and not be absent for more than 365 days consecutively to apply for citizenship.

Summary

• Investment requirements: Dependent on Colombia's minimum monthly wage, the current minimum amount is $29,000.
• Visa types: M‑6 for business investments, M‑10 for real estate.
• Investor requirements: Clean criminal record, legally sourced funds, health insurance, and due diligence.
• Application process: Includes opening a bank account, making the investment, preparing documents, applying online, waiting for approval, registering the visa, and renewing after 3 years.
• Benefits: Up to 3 years residency, ability to conduct business, multiple entries, path to permanent residency after 5 years, access to top healthcare, and cultural experiences in Colombia.
• Path to citizenship: Obtain PRV after 5 years, demonstrate language and knowledge proficiency, and meet residency requirements without extended absences.

Costa Rica

The Costa Rica golden visa program is designed for investors seeking residency in Costa Rica while benefiting from a variety of advantages. By making a minimum investment of $100,000 in real estate, forestry projects, or a local business, individuals can gain residency. This program also paves the way for permanent residency after three years and citizenship after seven years.

Key features and benefits:

• Low minimum investment: The $100,000 minimum investment is relatively low compared to similar programs in other countries, making it accessible for many investors.
• Pathway to citizenship: The program allows investors to apply for citizenship after seven years. Citizenship provides economic and social benefits, such as the right to vote and run for public office, and permits dual or multiple citizenships, enhancing global mobility.
• Safety and stability: Costa Rica is known for its safety and security, making it an attractive destination for those seeking a peaceful environment.
• Low cost of living: The cost of living in Costa Rica is lower compared to many other countries, allowing investors to enjoy a comfortable lifestyle without significant financial strain.
• Tax benefits: Costa Rica offers a favorable tax jurisdiction with lower taxes, leading to potential savings for individuals and businesses.
• Appealing climate: The warm and tropical climate year-round is perfect for outdoor activities and a relaxed lifestyle.
• Quick processing time: The program has a relatively short processing time, enabling investors to establish residency and start enjoying the benefits quickly.
• Visa-free travel: Successful applicants gain visa-free travel to 149 destinations, including Schengen countries, enhancing their global mobility.

Application process:

To qualify for the Costa Rica golden visa program, applicants must:

• Meet general requirements: Ensure they meet the eligibility criteria set by the program.
• Choose an investment route: Decide on one of the three investment options (real estate, forestry projects, or a local business).
• Pay government fees: Cover any associated government fees as part of the application process.

The program is authorized by the Dirección General de Migración and is based on the Costa Rica Immigration Law 9996. A recent update to the law now allows investors to qualify for residency with a $200,000 investment, offering even more flexibility.

Summary

• Investment requirement: Minimum $100,000 in real estate, forestry, or business.
• Path to permanent residency: Eligible after three years of residency.
• Path to citizenship: Eligible after seven years of residency.
• Tax benefits: Favorable tax jurisdiction with lower taxes.
• Safety and cost of living: Safe environment and low cost of living.
• Visa-free travel: Access to 149 destinations, including Schengen countries.
• Updated law: Now allows for residency with a $200,000 investment.

Panama

Panama, a dynamic and economically diverse country in Central America, offers the Panama Residency by Investment program, also known as the Panama golden visa. This program aims to attract foreign investors by providing them with the opportunity to obtain residency and eventually citizenship in Panama.

Here’s a look at the benefits, requirements, and procedures involved.

Benefits of a Panamanian golden visa

• Visa-free travel: Panamanian passport holders enjoy visa-free or visa-on-arrival access to 146 countries, including the Schengen Area, the UK, and many countries in Latin America, Asia, and Africa.
• Tax advantages: Panama's territorial tax system means residents are only taxed on income earned within the country. There is no tax on foreign-sourced income or inheritance tax.
• Business opportunities: Panama's strategic location and stable, growing economy make it a prime location for establishing or expanding businesses.
• Quality of life: High standard of living, low cost of living, pleasant climate, beautiful landscapes, rich cultural heritage, well-developed healthcare system, and high safety and security.
• Flexible investment options: Various options, including real estate, reforestation projects, and business investments, allow investors to choose according to their preferences. 
• Dual citizenship: Panama permits dual citizenship, enabling investors to maintain their original citizenship if their home country allows it. 

How to get permanent residency in Panama

• Temporary residence permit: Valid for two years. After two years, you can apply for permanent residency.
• Permanent residency: Requires two years of temporary residency before application.

Primary visa options for residency

• Friendly Nations Visa: Available to nationals from countries with professional or economic ties to Panama.
• Qualified Investor Visa: Requires substantial investments in real estate, securities, or a bank deposit in Panama.
  
  • Real estate: Minimum $300,000.
  • Panama securities: Minimum $500,000.
  • Bank deposit: Minimum $750,000 (held for at least five years).
• Pensionado Visa: For retirees with a pension of at least $1,000 per month. Does not lead to naturalization.
• Reforestation Visa: Requires investment in a reforestation project, granting immediate permanent residency.

Procedure and time frame

• Pre-qualification: Consult with a Panamanian immigration attorney to determine eligibility and the best investment option.
• Investment: Make the required investment and gather necessary documentation.
• Application submission: Submit the application along with documentation such as a valid passport, proof of investment, health certificate, and criminal background check.
• Temporary residency: Granted upon application approval, valid for two years.
• Permanent residency: Apply after two years of temporary residency, requiring proof of continued investment and a favorable tax report.

The entire process takes between six months to two years, depending on the chosen investment option and individual circumstances.

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Panamanian citizenship following Residence by Investment

• Eligibility: After five years of continuous residency, investors can apply for citizenship.
• Requirements: Pass a basic Spanish language test and demonstrate integration into Panamanian society.
• Dual citizenship: Allowed if permitted by the investor's home country.

Summary

• Investment requirements:
  
  • Real estate: Minimum $300,000.
  • Panama securities: Minimum $500,000.
  • Bank deposit: Minimum $750,000.
  • Reforestation projects: Immediate permanent residency.
• Visa options: Friendly Nations Visa, Qualified Investor Visa, Pensionado Visa, Reforestation Visa.
• Benefits:
  
  • Visa-free travel to 146 countries.
  • Territorial tax system with no tax on foreign income.
  • Strategic business opportunities.
  • High quality of life.
  • Flexible investment options.
  • Dual citizenship allowed.
• Application process:
  
  • Pre-qualification consultation.
  • Required investment.
  • Application submission and temporary residency.
  • Permanent residency after two years.
  • Citizenship after five years.

Paraguay

Paraguay, known as the "Heart of South America," offers one of the easiest and most affordable pathways to second citizenship. While there’s no specific “Paraguay golden visa” program, its residency and citizenship options are often considered an equivalent due to their simplicity and benefits. Here’s a look at the advantages, requirements, and procedures for obtaining Paraguayan residency and citizenship.

Benefits of Paraguay permanent residency and citizenship

• Living and working: Permanent residents can live, work, and study in Paraguay.
• Physical presence: No need to live in Paraguay to maintain residency; a visit every three years suffices.
• Path to citizenship: Citizenship is attainable with a relatively small bank deposit.
• Tax benefits: No tax on foreign-sourced income.
• Travel freedom: Paraguayan passport holders can travel visa-free to the UK, EU, Ireland, and throughout South America via MERCOSUR membership.
• Economic growth: Paraguay has one of the highest GDP growth rates globally.

Requirements for Paraguay permanent residency

Obtaining permanent residency in Paraguay is straightforward with minimal requirements. Here’s how you can achieve it:

Options for permanent residency

1. Bank deposit: Deposit $4,500 (₲31,076,532) in a Paraguayan bank if you're from a visa-exempt country (e.g., U.S., Canada, Australia, New Zealand). The deposit is typically interest-free and withdrawable after residency approval.
2. Investment program: For nationals requiring a visa to enter Paraguay, a $70,000 investment over ten years in areas such as agriculture, real estate, or commerce is required.
3. Retirement: Available for retirees with a monthly income of at least $1,022 (₲7,015,600). There is no age limit for this option.

Process and validity

• Processing time: Up to 90 days from application submission.
• Visits: Multiple visits to Paraguay may be needed. Visit within six months of receiving the permit to apply for an ID card.
• Validity: The permanent residency permit is valid for five years.

Acquiring citizenship in Paraguay

Eligibility and requirements

• Residency duration: Apply for citizenship three years after obtaining permanent residency.
• Physical presence: Spend at least 183 days annually in Paraguay for three years.
• Other requirements: Pay taxes, contribute to social security, and learn Spanish and Paraguayan history.

Required documents

• Valid passport
• Immigration card
• Permanent residence permit
• Police certificates (home country and Paraguay)
• Medical certificate
• Paraguayan ID card
• Birth certificate (translated and authenticated)
• Employment certificate (if applicable)
• Property ownership certificates (if applicable)
• Signed affidavit (issued by the Supreme Court of Justice)

Benefits of Paraguayan citizenship

• Visa-free travel: Access to over 130 countries, including Russia, the EU, and the UK.
• Employment opportunities: Easier to obtain a US employment visa.
• MERCOSUR mobility: Settle in any MERCOSUR country (Argentina, Brazil, Uruguay).

Dual citizenship in Paraguay

Paraguay permits dual citizenship only through international treaties and reciprocal constitutional agreements. Ensure your country of origin has a bilateral agreement with Paraguay.

Tax benefits in Paraguay

Paraguay offers significant tax advantages:

• Personal income tax: Only on Paraguayan-sourced income. Foreign income is exempt.
• Tax residency: Spend over 120 days annually in Paraguay.
• Other taxes:
  
  • VAT: 10% standard, reduced to 5% for certain goods/services.
  • Corporate Tax: Flat rate of 10%.
  • Estate tax: 1%.
  • No net worth, inheritance, or capital tax.

Summary

• Investment requirements: $4,500 bank deposit or $70,000 investment over ten years.
• Visa options: Bank deposit, investment program, retirement.
• Benefits:
  
  • Live, work, and study in Paraguay.
  • No physical presence required to maintain residency.
  • Path to citizenship with travel freedom and tax benefits.
• Application process:
  
  • Bank deposit or investment.
  • Submission of required documents.
  • Multiple visits and application for an ID card.
  • Citizenship after three years of permanent residency.

Caribbean 

• Anguilla
• Antigua and Barbuda
• Grenada
• St. Kitts and Nevis
• St. Lucia
• Cayman Islands
• Barbados
• Bahamas
• Curacao
• Dominica
• Dominican Republic

Anguilla

In Anguilla, you can obtain permanent residence in just a few months by participating in an approved government program. 

These programs include investing in a capital development fund with a minimum of $150,000 or purchasing real estate worth at least $750,000. Additionally, there's a tax residency program requiring an annual fee of $75,000.

To qualify for citizenship, you must reside in Anguilla for a minimum of five years before applying. One significant benefit is that Anguilla is a British territory, granting you eligibility for British Overseas Citizen status (BOC). With BOC status, you can potentially apply for British citizenship.

However, it's essential to note that since Brexit, possessing a UK passport no longer guarantees the freedom of movement across 30 countries, which might diminish the value of pursuing Anguillan citizenship solely for this purpose.

Summary

• Anguilla offers permanent residence through investment in government-approved programs.
• Investment options: a capital development fund ($150,000), real estate ($750,000), and a tax residency program ($75,000 annually).
• Citizenship requires five years of residency.
• Being a British territory, Anguilla offers eligibility for British Overseas Citizen status (BOC), potentially leading to British citizenship.
• Post-Brexit, UK passport holders no longer have unrestricted travel to 30 countries, making Anguillan citizenship less appealing.

Antigua and Barbuda

Curious to know if there’s an Antigua and Barbuda golden visa? In this Caribbean nation, you have the option to obtain citizenship promptly through two primary routes. 

Firstly, by making a contribution of no less than $100,000 to the national development fund. Secondly, through investing in real estate, with a minimum investment threshold of $400,000. It's important to note that any real estate purchases must be sanctioned by the government and retained for a minimum duration of five years.

Antigua's passport holds a favorable global ranking, standing at 29th place. Possession of this passport grants you access to 150 countries worldwide without the need to prearrange a visa, particularly beneficial for tourist visits. Notably, this includes visa-free entry to popular destinations like the Schengen Area and the UK.

Summary

• Two main routes for immediate citizenship in Antigua: 
  
  • Contributing $100,000 to the national development fund
  • Investing a minimum of $400,000 in government-approved real estate, held for five years.
• Antigua's passport ranks 29th globally.
• Access to 150 countries, including the Schengen Area and the UK, granted without visa beforehand with an Antiguan passport.

Grenada

Grenada, similar to Antigua, is one of the countries that offers immediate citizenship through its golden visa program in exchange for an investment. This program does not require you to live in the country.

To be eligible for this visa, you need to invest a minimum of $150,000 in Grenada’s national development fund. Alternatively, you can qualify by investing in real estate within Grenada.

A Grenadian passport allows you to travel without a visa to 140 countries, including those in the Schengen Area.

Summary

• Grenada offers immediate citizenship through investment (Grenada golden visa program).
• No physical residence is required.
• Options of this visa:
  
  • Minimum investment of $150,000 in the national development fund 
  • Investment in real estate
• The Grenadian passport allows visa-free travel to 140 countries, including the Schengen Area.

St. Kitts and Nevis

St. Kitts and Nevis was one of the first countries to introduce a golden visa program in 1984. This program, sometimes referred to as St. Kitts golden visa, now offers two main investment options for those interested:

• You can donate a minimum of $150,000 to the Sustainable Growth Fund.
• You can invest in government-approved real estate, either a minimum of $200,000 which must be held for at least 7 years, or a minimum of $400,000 which must be held for at least 5 years.

After making the investment, you can apply for citizenship through a government-approved agent. You can receive your new passport within 90 days, or within 60 days if you choose the accelerated processing option.

With a St. Kitts and Nevis passport, you can travel to 153 countries without needing to get a visa in advance. This includes the UK and the entire Schengen Area.

Summary

• St. Kitts and Nevis is one of the first countries to offer a golden visa program.
• Two investment options:
  
  • Donating at least $150,000 to the Sustainable Growth Fund
  • Investing in government-approved real estate ($200,000 for 7 years or $400,000 for 5 years).
• Citizenship application is processed through approved agents.
• Passport is received within 90 days (or 60 days with accelerated processing).
• Access to 153 countries without a visa, including the UK and Schengen Area.

St. Lucia

Are you curious if there’s a Saint Lucia golden visa program that you can apply for? Saint Lucia presents various investment options with a low minimum investment threshold and no residency requirement. The process typically takes around 3 to 4 months to obtain a passport.

The most economical choice for this Caribbean golden visa involves contributing $100,000 to the National Economic Fund. This amount increases to $165,000 for a spouse and $190,000 for a family of four.

Additional investment pathways include:

• Engaging in government-approved real estate investment (minimum $300,000).
• Investing in government bonds (minimum $500,000).
• Participating in enterprise investment (minimum $3.5 million, which can be a joint venture).

Acquiring a St. Lucia passport grants visa-free access to 137 countries, including the UK and the entire Schengen Area.

Summary

• St. Lucia offers diverse investment routes with a low minimum investment and no residency requirement.
• The cheapest option involves contributing $100,000 to the National Economic
• Fund, with higher amounts for additional family members.
• Other options: 
  
  • Real estate investment 
  • Government bonds 
  • Enterprise investment
• St. Lucia passport holders can access 137 countries without a prior visa, including the UK and the Schengen Area.

Cayman Islands

Wondering if there’s a Cayman Islands golden visa? In contrast to many other Caribbean nations, the Cayman Islands doesn't offer a direct path to citizenship through purchase.

Instead, individuals can obtain permanent residence by investing $2.5 million in real estate, a process that typically takes several months.

Once granted permanent residence, one can seek citizenship through naturalization after maintaining residency for a minimum of five years, including spending at least 90 days per year in the country.

While permanent residence allows indefinite stay in the Cayman Islands, it does not permit employment within the territory.

Obtaining Caymanian citizenship grants British National Overseas (BNO) status, along with visa-free travel to 132 countries, including the Schengen Area and the UK, without prior visa arrangements. The Cayman Islands allows dual citizenship.

Summary

• Cayman Islands does not offer direct citizenship purchase.
• Permanent residence requires a $2.5 million real estate investment.
• Citizenship by naturalization is attainable after five years of residency.
• Permanent residence allows indefinite stay but no employment.
• Caymanian citizenship provides BNO status and visa-free travel to 132 countries.
• Dual citizenship is recognized.

Barbados

The Barbados golden visa program, known as the Special Entry and Residence Permit (SERP), grants foreigners permanent residency for either 5 years or for life. To qualify for a 5-year residency, the minimum investment required is $300,000. For lifetime residency, a contribution of at least $2,000,000 is necessary.

Requirements for the Barbados golden visa program:

• Clean criminal record: Applicants must have no criminal history.
• Legal source of wealth: Proof that the wealth was obtained legally is required.
• Financial independence: Applicants must show they can support themselves and any dependents without relying on public funds.
• Family inclusion: Spouses and minor children can be included in the application. Children over 18 can also be added if they are university students and financially dependent on the investor.
• Economic contribution: Significant financial contributions to Barbados’s economy are required. This can include investing in real estate, contributing to endorsed initiatives, or starting enterprises that create jobs for locals.

Investment options for the Barbados golden visa:

• Unlimited permanent residence:
  
  • Minimum investment: $2,000,000 from outside Barbados.
  • Net worth requirement: At least $5,000,000.
• 5-year permanent residence:
  
  • Minimum investment: $300,000.
  • Proof of sufficient funds to support the investor and their family during the residence period.

Application fee:

Under 60 years old: $5,000 non-refundable fee.
Over 60 years old: $3,500 non-refundable fee.

Investment routes:

• Direct investments: Purchasing real estate properties.
• Indirect investments: Contributing to government-approved projects such as infrastructure development or job creation initiatives.

Path to citizenship after Barbados golden visa:

• Residency requirement: Must live in Barbados for at least 5 years within the last 7 years.
• Continuous residence: Must reside permanently in Barbados for 12 months before the application.
• Language requirement: Must demonstrate proficiency in English.

Summary

• Program name: Special Entry and Residence Permit (SERP).
• Investment for 5-year residency: Minimum $300,000.
• Investment for lifetime residency: Minimum $2,000,000.
• Application fee: $5,000 (under 60), $3,500 (over 60).
• Family inclusion: Spouses, minor children, and dependent students.
• Economic contribution: Real estate or government-approved projects.
• Citizenship path: After 5 years of residency and proficiency in English.

Bahamas 

The Bahamas offers an opportunity for high-net-worth and ultra-high-net-worth individuals seeking immediate permanent residency through investment in real estate.

This Bahamas golden visa program allows foreign investors to obtain residency without needing to physically reside in the country initially, making it particularly attractive for affluent clients looking to diversify their residency options.

Overview of The Bahamas

• Geographic appeal: Located in the Caribbean, The Bahamas is renowned for its appeal to holidaymakers and its active real estate market, especially among affluent international buyers.
• Sovereignty and regulatory environment: As a sovereign nation with a robust regulatory framework, The Bahamas is committed to supporting its financial services industry. Key attributes include:
  
  • Independent judiciary based on English Common Law.
  • Strong democratic tradition dating back to 1729.
  • Proximity to the Americas with easy access through numerous direct flights.
  • Favorable tax environment, including no income, capital gains, estate, gift, or inheritance taxes for residents.

Residency options and requirements

• Types of permits:
  
  • Annual residency: Available to property owners with a minimum investment of $250,000.
  • Permanent residency: Offered to financially independent individuals or property investors. Applicants who purchase properties valued at $750,000 or more receive expedited processing.
• Fast track permanent residency conditions:
  
  • No criminal record.
  • Property purchase exceeding $750,000 or investment in a Bahamian business.
  • Demonstrated financial self-sufficiency.
  • Up-to-date property tax payments.

Benefits of permanent residency

• Holders of the Permanent Residency (PR) certificate enjoy all the rights of Bahamian residents except voting rights.
• Flexibility in property ownership allows investment under personal or legal entities like IBCs (International Business Companies).

Application and fees

• Government fees: $1,000 for an Annual Residency and $15,000 for a Permanent Residency card.
• Legal fees: Approximately $15,000 for an Annual Residency permit and $20,000 for a Permanent Residency permit.

Real estate and investment opportunities

• Foreign ownership: Non-citizens can freely invest in Bahamian real estate under certain conditions through the Foreign Investment Board.
• Property types: Investment opportunities range from residential to commercial properties and vacant land, each with specific taxation implications.

Property taxes

• Tax categories: Properties are categorized based on occupancy and use (e.g., owner-occupied, residential, commercial, vacant land).
• Tax rates: Include stamp duty (10% above $100,000, shared by buyer and seller), annual property tax (ranging from 0.6% to 1% depending on property value), and VAT (12% on real estate services, potentially exempt for first-time Bahamian buyers up to $500,000).

Summary 

• Immediate permanent residence: Available through real estate investment without residency requirements.
• Tax advantages: No income, capital gains, estate, gift, or inheritance taxes in The Bahamas.
• Flexible investment: Properties can be held under personal or corporate entities, including IBCs.
• Regulatory support: Strong legal and financial frameworks support the residency and investment process in The Bahamas.

Curacao

The Curaçao Investor Permit Program, often referred to as the Curaçao golden visa program, was launched in 2014 to attract foreign investors and boost the local economy.

This program offers non-EU/EEA and non-Swiss nationals, along with their immediate family members, the opportunity to obtain residence permits. These permits can potentially lead to Dutch citizenship after five years of residency.

Key features of the Curaçao Investor Permit Program:

1. Investment requirements:
   
   • $280,000 investment: Grants a 3-year renewable residence permit.
   • $425,000 investment: Grants a 5-year renewable residence permit.
   • $850,000 investment: Grants an immediate residence permit with indefinite validity.
2. Path to citizenship:
   
   • After holding the residence permit for five years, investors can apply for Dutch citizenship, which provides freedom of movement within the European Union.
3. Investment options:
   
   • Real estate: Purchase property in Curaçao.
   • Local business: Invest in or incorporate a locally operating business.
   • Securities: Invest in a company listed on the Dutch Caribbean Securities Exchange (DCSX).
4. Eligibility criteria:
   
   • Sufficient financial resources for investment and living expenses.
   • Clean criminal record.
   • Private health insurance.
   • Proof of legitimate investment and its economic benefit to Curaçao.

Benefits of the Curaçao Investor Permit Program:

• Residency in a Caribbean location:
  
  • Curaçao offers a picturesque environment with beaches, coral reefs, and a warm climate, making it an attractive place for investors and their families.
• Economic and social stability:
  
  • As part of the Kingdom of the Netherlands, Curaçao provides political stability, a strong currency (Netherland Antillean Guilder), and robust international trade relationships.
• Education and language diversity:
  
  • The island offers high-quality education, including prestigious international schools. The official languages are Dutch, Papiamentu, English, and Spanish, facilitating communication and business operations for expatriates.
• Tax incentives:
  
  • Curaçao's tax system is favorable for residents, with benefits such as low export tax rates and exemptions for certain businesses from import duty, turnover tax, and excise tax.
• Flexible investment options:
  
  • Investors can choose from diverse investment opportunities, including real estate, local businesses, and securities, with the potential for high returns.
• Visa-free travel:
  
  • Upon obtaining Dutch citizenship, investors can travel visa-free to 174 countries.

Application process:

1. Choose investment option: Decide on the type and amount of investment.
2. Prepare documentation: Gather necessary documents, including proof of investment, clean criminal record, and health insurance.
3. Submit application: Apply for the residence permit.
4. Residence permit approval: Once approved, receive the residence permit.
5. Maintain investment: Ensure the investment remains in place to renew the permit and apply for citizenship after five years.

Summary

• Investment levels: $280,000 (3-year permit), $425,000 (5-year permit), $850,000 (indefinite permit).
• Path to citizenship: Apply for Dutch citizenship after five years.
• Investment options: Real estate, local business, securities.
• Benefits: Beautiful living environment, political and economic stability, tax incentives, diverse language and education options, and visa-free travel with Dutch citizenship.

Dominica

The Dominica Citizenship by Investment (CBI) program, often referred to as the Dominica golden visa, allows foreign individuals to obtain Dominican citizenship through qualifying investments.

This initiative, established by the Dominican government, aims to attract foreign investment and promote economic development.

Investment options

1. Dominica Economic Diversification Fund (EDF)
   
   • Minimum contribution: $100,000 (non-refundable).
   • Additional costs:
     
     • $7,500 – Due diligence fee
     • $1,000 – Processing fee
     • $250 – Naturalization fee
     • $60 – Passport fee
2. Pre-approved real estate
   
   • Minimum investment: $200,000 (recoverable after three or five years).
   • Properties: Includes high-end tourist accommodations such as Anichi Resort & Spa, The Residences at Secret Bay, Jungle Bay Resort, Ocean Edge Development, and Sanctuary Rainforest Eco Resort & Spa.
   • Additional costs:
     
     • $75,000 – Government fee
     • $7,500 – Due diligence fee
     • $1,000 – Processing fee
     • $250 – Naturalization fee
     • $60 – Passport fee

Eligibility criteria

• Main applicant requirements:
  
  • Over 18 years old
  • Outstanding character
  • Excellent health
  • Clean criminal history
  • Pass a detailed background check
• Eligible family members:
  
  • Spouse
  • Children under 18 years old
  • Children aged 18-30 attending higher education and supported by the main applicant or spouse
  • Unmarried daughters under 25 supported by and living with the main applicant or spouse
  • Mentally or physically challenged dependent children
  • Dependent parents and/or grandparents over 65 years old

Benefits

• Processing time: Citizenship can be obtained within six to nine months.
• Global mobility: Visa-free travel to over 140 countries, including the Schengen Area, the United Kingdom, and Singapore.
• Family inclusion: The spouse, children, and dependent parents or grandparents can be included in the application.
• No residency requirement: No need to reside in Dominica before or after obtaining citizenship.
• Tax advantages: No wealth, gift, inheritance, foreign income, or capital gains tax. 

Summary 

• Program Name: Dominica Citizenship by Investment (CBI), also known as Dominica golden visa.
• Investment options:
  
  • Economic Diversification Fund: Minimum $100,000 contribution.
  • Pre-approved real estate: Minimum $200,000 investment.
• Eligibility:
  
  • Main applicant must be over 18, have good character, health, and a clean criminal record.
  • Family members such as spouse, children, and dependent parents/grandparents can be included.
• Benefits:
  
  • Fast processing time (6-9 months)
  • Visa-free travel to over 140 countries
  • No residency requirement
  • Attractive tax advantages

Dominican Republic

The Dominican Republic’s Investor Visa, sometimes referred to as the Dominican Republic golden visa, offers a pathway to immediate permanent residency and eventual citizenship through investment. 

Investment requirements

To qualify for the Investor Visa, applicants must invest at least $200,000 in one of the following asset classes:

• Capital contribution: Investing in an existing business within the Dominican Republic.
• Term deposits: Placing term deposits in Dominican banks.
• Securities: Investing in securities traded within the Dominican Republic.
• Real estate: Purchasing property in the Dominican Republic.

Residency and citizenship

• Permanent residency: The initial residence permit is valid for one year. Upon the first renewal, it becomes valid for four years.
• Citizenship path: After maintaining residency for two years, the applicant becomes eligible for citizenship. However, experts recommend spending significant periods of time in the country to strengthen the case for citizenship, even though there are no formal presence requirements.

Summary 

• Program name: Dominican Republic Investor Visa, sometimes referred to as the Dominican Republic golden visa.
• Investment requirement: Minimum $200,000 in businesses, term deposits, securities, or real estate.
• Initial residency: One-year residence permit, renewable to four years.
• Citizenship eligibility: Eligible for citizenship after two years of residency.
• Presence recommendation: Experts suggest spending significant time in the country to qualify for citizenship.

Africa 

• Mauritius
• Namibia

Mauritius

The Mauritius Permanent Residency Program for Investors, sometimes referred to as the Mauritius golden visa, offers immediate permanent residency status for foreign investors. Here are the key details of the program:

• Program name: Mauritius Permanent Residency Program for Investors
• Residency and citizenship pathway: Immediate permanent residency upon approval; citizenship eligibility after 2, 5, or 7 years of continuous residency.
• Minimum investment: $375,000 in designated real estate projects.
• Physical presence requirement: 1 day per annum.
• Application processing time: 2-3 months.
• Visa-free travel: Citizenship grants visa-free access to 146 destinations, including Schengen countries.
• Contribution types: Real Estate investments in various schemes such as IRS, RES, PDS, SCS, IHS, and G+2.
• General program requirements:
  
  • Investment in qualifying real estate projects like Integrated Resort Schemes, Real Estate Schemes, Property Development Schemes, Smart City Schemes, Invest Hotel Schemes, and Ground + 2 Apartment Schemes.
  • Additional fees: $1,735 for the main applicant and $1,160 for each dependent for Permanent Residence Fees.

Summary

• Investment options: Real estate investments in designated schemes.
• Residency pathway: Immediate permanent residency upon investment approval.
• Citizenship pathway: Eligibility for citizenship after 2, 5, or 7 years of continuous residency.
• Benefits: Visa-free travel to 146 destinations, flexible physical presence requirement, and various real estate investment opportunities.
• Fees: Permanent Residence Fees applicable for main applicants and dependents.

Namibia

Namibia, a country with substantial potential for economic growth and development, offers a residency by investment initiative aimed at attracting foreign investment from global investors and businesses.

This program, sometimes referred to as the Namibia golden visa program, is designed to boost the country's economy by encouraging investment in property and businesses, while granting investors permanent residency in return.

How to obtain permanent residence by investment in Namibia

Program overview:

• Investment requirement: Minimum of NAD 3.95 million (approximately $265,000).
• Business investment: Purchase at least 10% of the shares of a new or existing Namibian company.
• Residency visa: Up to five-year residence visa and renewable work permit, renewable indefinitely as long as the investment is maintained.
• Permanent residency: Eligible after ten years of legal residence.

Application process:

1. Investment: Make the required investment in Namibian real estate or business.
2. Documentation: Submit standard legal documents including a valid passport and police clearance certificate.
3. Application: Submit the application to the Namibia Ministry of Home Affairs and Immigration.
4. Processing time: Typically takes eight weeks for the application to be processed and granted after the investment is made.

Real estate investment in Namibia

A notable project under this initiative is the Presidents Links Estate, an eco-friendly residential and golf estate development located at the edge of the Dorob National Park in Walvis Bay. This project simplifies the process for international entrepreneurs to purchase real estate and qualify for Namibia’s investment immigration program.

• Investment: Namibian real estate prices in the Presidents Links Estate start from $316,000.
• Processing time: Approximately eight weeks for residency by investment application processing after the investment.

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Benefits of the Namibia golden visa

• Renewable work permit: Alongside the residency permit, investors receive a renewable work permit.
• Permanent residency: Opportunity to apply for permanent residency after ten years.
• Economic growth: Contribution to Namibia’s economic growth and development through investment.
• Social integration: Promotes social integration among foreign residents within Namibia.

Summary

• Namibia golden visa: Residency by investment program aimed at boosting the economy.
• Investment requirement: Minimum NAD 3.95 million (approx. $265,000).
• Real estate investment: Notable project - Presidents Links Estate, starting at $316,000.
• Application process: Takes around eight weeks after investment.
• Benefits: Renewable work permit, eligibility for permanent residency, economic growth, and social integration.

Oceania

• New Zealand
• Vanuatu

New Zealand

Let’s take a look at a visa initiative that’s sometimes referred to as the New Zealand golden visa program. In 2022, New Zealand introduced the Active Investor Plus Visa, replacing the previous Investor 1 and Investor 2 visa categories. This visa program uses a weighting system and requires a minimum investment of $15 million NZD.

The weighting system is designed to encourage certain types of investments by giving them more value towards meeting the threshold:

• Direct investments: These have the highest value, counted at 3 times the amount invested. Thus, to meet the minimum threshold with direct investments, you need to invest at least $5 million NZD.
• Indirect investments: These have a lower value compared to direct investments. For instance, investments in private equity or venture capital funds are valued at twice the amount invested. Investments in listed equities and philanthropy are counted at face value.

Note that government bonds and property investments are no longer accepted under this visa program.

After residing in New Zealand for 5 years, with at least 240 days spent in the country each year, you can apply for New Zealand citizenship and a passport. New Zealand allows dual citizenship.

Summary

• New Active Investor Plus Visa replaces Investor 1 and Investor 2 visas.
• Minimum investment required: $15 million NZD
  
  • Direct investments: 3x weighting ($5 million NZD minimum).
  • Indirect investments: 2x weighting for private equity/venture capital, 1x for listed equities/philanthropy.
• Government bonds and property are not eligible.
• Citizenship eligibility: 
  
  • 5 years residence 
  • 240 days/year in-country
• New Zealand allows dual citizenship.

Vanuatu

Vanuatu offers a speedy path to citizenship through its Vanuatu Development Support Programme, one of the world's quickest citizenships by investment programs. This initiative allows individuals to obtain citizenship in just 30 to 60 days by making a minimum donation of $130,000 to the national development fund.

Alternatively, one can acquire Vanuatu citizenship by investing in government-approved real estate, with a minimum investment of $200,000. However, it's important to note that only property purchases in specific developments qualify for this program.

It's worth mentioning that citizens of Iran, Iraq, Syria, North Korea, and Yemen are ineligible for participation in the Vanuatu Development Support Programme. On a positive note, Vanuatu allows dual citizenship, and possessing its passport grants visa-free access to 148 countries.

Summary

• Vanuatu's citizenship by investment program, the Vanuatu Development Support
• Programme, is among the fastest globally.
• Citizenship can be obtained in just 30 to 60 days by:
  
  • Donating at least $130,000 to the national development fund
  • Investing a minimum of $200,000 in government-approved real estate in specific developments 
• Citizens of Iran, Iraq, Syria, North Korea, and Yemen are excluded from the program.
• Vanuatu allows dual citizenship and offers visa-free access to 148 countries with its passport.

Top 10 golden visa countries worldwide 

As discussed, golden visa programs offer a compelling pathway to residency and potential citizenship in various countries. Here's a glimpse into some of the most attractive options worldwide: 

1. Portugal golden visa

Portugal's program stands out for its:

• Straightforward path: Offers a clear route to European citizenship through investment.
• Investment flexibility: Diverse options include venture capital funds, arts and cultural heritage, scientific research, job creation, and company share capital investments. (Real estate investment is no longer available as of 2023).
• Low minimum stay: Only seven days per year required initially, increasing to 14 days every two years.
• Family inclusion: Spouses, dependent children, and parents can be included in the application.
• Tax benefits: Potential to become a non-habitual resident with tax breaks for 10 years (recent changes are planned).
• Path to citizenship: After five years of residency.

2. Andorra golden visa

Andorra's program is ideal for:

• Passive investors: Offers a "passive residence" visa with a minimum investment of €600,000 in Andorran assets like real estate, company shares, or financial instruments.
• Quick processing: Known for its fast and easy application process.
• No work requirement: Residency allows you to live in Andorra without needing to be employed there.

3. Monaco Residence Program

Monaco is an appealing destination thanks to its:

• Luxurious lifestyle: Enjoy the stunning Mediterranean scenery, cultural richness, and safety within a close-knit community.
• Tax advantages: No income or wealth tax for residents.
• High quality of life: Access to excellent education and healthcare facilities.

4. Turkey Citizenship by Investment

Turkey offers a speedy route to citizenship:

• Investment options: Real estate ($400,000 minimum), government bonds, bank deposits, capital investment, or establishing a company with at least 50 employees.
• Fast processing: Citizenship obtained within 3 to 6 months.
• Visa-free travel: Access to 124 countries with a Turkish passport (though Schengen and UK visas might be required for specific destinations).

5. Indonesia golden visa 

Indonesia's recently announced program (September 2023) caters to those seeking:

• Tropical paradise living: Long-term residency on the picturesque island of Bali.
• Investment options: Minimum investment of $350,000 for a five-year visa or $700,000 for a ten-year visa. Alternatively, establishing a company with investments of $2.5 million and $5 million secures five-year and ten-year visas respectively.
• Streamlined processes: Reduced bureaucracy, simplified property acquisition procedures, and potential fast-track to citizenship.

Additional options to consider:

• Malaysia My Second Home (MM2H) Program: Offers long-term residence but not permanent residency or citizenship.
• Oman Investment Residency Program: Provides five and ten-year renewable residency permits through investments in government bonds, real estate, or Omani companies.
• UAE Golden Visa Program: Attracts talents across various fields with long-term residency visas and benefits like no sponsor requirement and family sponsorship.
• Grenada Citizenship by Investment (CBI): Immediate citizenship, no residency requirement, visa-free travel to 140+ countries (including Schengen Area) through $150k+ investment in national fund or $220k+ real estate.
• Georgia Residence by Investment: Long-term residency with path to citizenship through €300k+ investment in real estate (no income requirement) or significant business investment (details vary).

Remember, this is not an exhaustive list, and the best program for you depends on your individual goals and circumstances. It's crucial to research each program thoroughly and consult with immigration professionals before making a decision.

Notable mentions

• Denmark
• Japan
• Taiwan
• Croatia
• Thailand
• Slovakia
• Argentina
• Belize
• Belgium
• Kuwait
• Norway
• Chile
• China
• Finland
• Iceland
• Slovenia
• Morocco
• Sweden
• Poland
• Romania

Denmark

The Denmark golden visa program does not exist at the moment. Instead, Denmark offers various other visa options for non-EU nationals, such as the Startup Denmark program, which is designed for entrepreneurs wanting to start high-growth businesses in Denmark.

Japan

A Japan golden visa program or a program for direct citizenship by investment does not currently exist. 

Taiwan

There’s no Taiwan golden visa program that offers direct citizenship or residency through investment in real estate or businesses. 

Croatia

There is currently no Croatia golden visa that investors can use to obtain residency. 

Thailand

Is there a Thailand golden visa? Technically, Thailand does not have a visa officially labeled as a golden visa. However, the Thailand Elite Visa offers a similar scheme for investors and entrepreneurs. The key difference is that the Elite Visa does not lead to permanent residency or citizenship, unlike typical golden visa programs.

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Slovakia

Slovakia does not have a "golden visa" program explicitly named as such.  

Argentina

There’s no Argentina golden visa program at the moment. However, the country does offer various visa options that may appeal to investors or individuals seeking residency.

Belize

Is there a Belize golden visa? Belize does not have a specific "golden visa" program, but it does offer attractive residency options for retirees and investors. The main program that resembles a golden visa is the Qualified Retirement Program. 

Belgium

A Belgium golden visa cannot be obtained through property purchase alone. Instead, the investment must be more active. To qualify, you need to establish a company and invest between €350,000 and €500,000 over five years. Citizenship in Belgium can be obtained only after five years of residency.

Kuwait

As of now, there’s no specific initiative called the Kuwait golden visa program. 

Norway

Norway does not have a specific golden visa program that offers residency or citizenship in exchange for a significant financial investment. However, there are alternatives to a Norway golden visa that applicants can benefit from. 

Chile

Is there a Chile golden visa? Chile does not have a formal "golden visa" program similar to those offered by some other countries. 

China

Currently, a China golden visa program does not exist. 

Finland

Currently, there’s no specific "Finland golden visa" program. However, Finland does offer residence permits for investors and entrepreneurs under certain conditions.

Iceland

There’s no specific Iceland golden visa program. However, Iceland does have various residency permits and visas available, but they are typically based on employment, family reunification, studies, or other specific circumstances rather than direct investment.

Slovenia

Is there a Slovenia golden visa? Slovenia does not have a traditional golden visa program. However, Slovenia does offer several residency options that may appeal to investors and entrepreneurs. 

Morocco

There’s no Morocco golden visa program at the moment. Morocco primarily offers residency through long-term visas or permits for specific purposes such as work, study, or family reunification. 

Sweden

There’s no Swedish golden visa. Instead, Sweden offers several visa options for entrepreneurs and investors, which can eventually lead to residency and citizenship.

Poland

Is there a Poland golden visa? Poland does not have a "golden visa" program. However, the country does have various visa and residence permit options for foreigners, including those for business purposes, employment, or investment, which could potentially lead to long-term residency or citizenship under certain conditions.

Romania

Currently, there’s no Romania golden visa. However, Romania does offer various types of visas and residence permits for foreign nationals, including those based on investment, business, or employment, which can lead to long-term residency.

Terminated/suspended golden visas around the world

Albania

In 2023, Albania decided to suspend its Golden Passport Program, a citizenship-by-investment scheme previously promoted by the government. The suspension of the Albania golden visa was confirmed by Prime Minister Edi Rama during the European Union (EU)-Albania Stabilization and Association Council meeting. The program, which aimed to offer citizenship to wealthy foreign investors in exchange for financial investments, has been halted due to various criticisms and legal uncertainties.

Reasons for suspension

• EU criticism: The European Union has continuously criticized citizenship by investment and residency by investment programs, arguing that they contravene EU laws and potentially allow individuals involved in unlawful activities to gain EU benefits.
• Legal uncertainty: Prime Minister Rama highlighted that the scheme's future hinges on a pending case in the European Court. The program will remain suspended until the court delivers its verdict. If the court rules against the scheme, it will be permanently axed. If the decision is favorable, each country will decide independently.
• Security and migratory risks: The European Commission expressed concerns that the program could be used to bypass the EU short-stay visa procedure, posing security and migratory risks. The Commission's fifth report under the visa suspension mechanism advised Albania against implementing the program.
• Potential EU sanctions: The European Commission warned that proceeding with the Golden Passport Program could lead to the suspension of the visa-free regime between Albania and the EU, impacting Albania's agreement with the EU.

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Prime Minister Rama emphasized that the suspension is a precautionary measure until the European-level position on such programs is clarified, underscoring that Albania took inspiration from EU countries that had successfully implemented similar programs. However, the future of the Golden Passport Program in Albania remains uncertain, pending the outcome of the European Court case.

Bulgaria

In 2022, Bulgaria officially abolished its "golden passports" scheme, which offered citizenship in exchange for significant financial investment. This decision to end the Bulgaria golden visa program came amid growing criticism from the European Union and a new government focus on combating corruption.

Reasons for abolition

• EU criticism: The European Commission and European Parliament had repeatedly criticized golden passport schemes across the EU, arguing that they incentivize corruption and money laundering. The European Parliament specifically condemned these schemes in light of sanctions against Russian oligarchs following Russia's invasion of Ukraine.
• Corruption concerns: Bulgaria's new government prioritized fighting corruption, urging parliament to discontinue the golden passport program. The justice ministry had flagged concerns about possible irregularities in nearly half of the passports granted since the scheme's inception.
• Western sanctions: The scheme faced additional pressure due to Western sanctions targeting Russian oligarchs. In response, the European Parliament called on Bulgaria, Malta, and Cyprus to abolish their golden passport and visa programs.

Summary of the scheme

The Bulgarian golden visa program allowed foreigners to acquire residency with an investment of €500,000 and citizenship with an investment of €1 million. The majority of beneficiaries were from Russia, China, and the Middle East.

• Legislative action: In January 2022, Bulgarian MPs decided to abolish the program. As part of this decision, a comprehensive review of all passports granted since the scheme's launch in 2013 was authorized. Approximately 100 golden passports had been issued, with the justice ministry identifying concerns in 47 cases.
• Continued residence permits: Despite the abolition of the citizenship program, the option to acquire a residence permit through investment remains available.

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Montenegro

In December 2022, Montenegro officially terminated its citizenship by investment program, commonly referred to as the Montenegro golden visa, due to growing concerns about potential illicit activities such as money laundering and corruption.

Reasons for termination

• Illicit activities: The primary reasons behind the program's termination were concerns about money laundering and corruption, which had increasingly become associated with such investment schemes. These issues prompted the Montenegrin government to reconsider and ultimately discontinue the program.
• European scrutiny: Similar to other EU countries with golden visa schemes, Montenegro faced significant scrutiny and criticism from European institutions, which highlighted the risks these programs posed in terms of security and regulatory compliance.

Summary of the program

• Launch and objectives: Launched in 2019, the Montenegro citizenship by investment program was designed to stimulate economic growth by attracting foreign investment. Although not officially termed a "golden visa," it functioned similarly by offering residency and citizenship in exchange for financial contributions.
• Investment requirements: The program required a qualifying minimum donation of €350,000, with successful applicants obtaining Montenegrin citizenship within a few months. It aimed to boost the national economy by directing funds into strategic sectors and development projects.
• Application cap and deadline: The program had a cap of 2,000 applicants and was initially set to remain open until the end of 2024. However, due to the premature termination in December 2022, prospective applicants lost the opportunity to apply under this scheme.

Impact and future outlook

• Economic impact: The program contributed to Montenegro's economic development during its operation, attracting significant foreign investment. However, the associated risks and potential for misuse ultimately led to its discontinuation.
• Continued residency options: While the Citizenship by Investment Program has ended, Montenegro may continue to explore alternative avenues for attracting foreign investment and stimulating economic growth through more regulated and transparent mechanisms.
• Regional context: The termination of Montenegro’s program aligns with broader European trends, as several other countries have faced similar pressures to abolish or reform their golden visa schemes to mitigate risks of financial crime and maintain regulatory integrity.

Moldova

The Moldova Citizenship by Investment (CBI) program, also referred to as the Moldova golden visa, was launched in the second quarter of 2018 but was suspended for applications in July 2019, with further suspensions leading to its eventual repeal in September 2020. This program, which ran for just over a year, was terminated due to a combination of political shifts and pressures from the European Union (EU).

Reasons for termination

• Political changes: The parliamentary elections in February 2019 brought a new political landscape to Moldova, with the ACUM and PAS electoral bloc gaining significant ground. This shift allowed PAS leader Maia Sandu to become Moldova's prime minister. Under this new administration, the controversial CBI program came under intense scrutiny.
• EU pressure: The EU exerted substantial pressure on Moldova, warning that the CBI program could jeopardize the visa liberalization regime and financial aid from the EU. The EU stated that using visa liberalization to attract investment in exchange for citizenship was incompatible with EU regulations and norms.
• Concerns over corruption and money laundering: Opposition from political parties and EU warnings highlighted the risks of corruption and money laundering associated with the program. These concerns played a pivotal role in the suspension and eventual repeal of the scheme.

Summary of the program

• Background and launch: The Moldova CBI program was officially launched in November 2018. It was developed by the Moldovan government in partnership with Henley & Partners and the Moldovan Investment Company (MIC). The program allowed up to 5,000 individuals and their immediate families to acquire Moldovan citizenship through investment.
• Investment requirements: Applicants were required to make one of the following investments:
  Donate €100,000 to the Sustainable Development Fund.
  Invest €250,000 in real estate or treasury securities.
• Due diligence and confidentiality: Stringent due diligence processes were implemented to ensure applicants had a good economic and financial reputation and posed no threat to public order or state security. Citizenship granted under the program was confidential and not disclosed to the public.
• Projected economic impact: The program aimed to attract €1.3 billion over five years, contributing significantly to Moldova's economy, state budget, and development initiatives. It was expected to create new jobs, increase salaries and pensions, and strengthen Moldova's international competitiveness.

Closure of the program

• Suspensions and repeal: A four-month moratorium was issued on July 31, 2019, following the parliamentary elections and subsequent political changes. Increased EU pressure and internal opposition led to the suspension of the scheme. On September 20, 2020, the Moldovan Parliament voted to repeal the CBI law, with 80 out of 101 parliamentarians supporting the initiative.
• Impact and future outlook: The repeal marked the end of the short-lived CBI program, which had granted citizenship to only 52 individuals. Despite its potential economic benefits, the program's association with corruption and money laundering risks ultimately led to its closure. Moldova may continue to explore alternative investment schemes, but they will likely face rigorous scrutiny to ensure compliance with EU standards and regulations.

United Kingdom (UK)

In 2022, the UK government confirmed the immediate termination of the Tier 1 Investor Visa program, also referred to as the British golden visa, which offered fast-track residency to foreign investors. This move was part of a broader effort to combat illicit finance and fraud.

Reasons for termination of the UK golden visa

• Crackdown on illicit finance and fraud: The Home Secretary announced that the decision to end the Tier 1 Investor Visa program was the beginning of a "renewed crackdown on illicit finance and fraud." The government highlighted that the program failed to deliver benefits to the UK public and provided opportunities for exploitation of the system. 
• Concerns over abuse: The scheme had been under review for some time due to concerns about its vulnerability to abuse. Critics argued that it allowed wealthy individuals to gain residency without sufficient scrutiny, potentially facilitating money laundering and other illicit activities.
• Geopolitical pressure: The termination was expedited in the context of rising tensions with Russia over the threat of invasion to Ukraine. The UK government faced increasing pressure to sever ties with Russian interests, and the decision to end the investor visa program was framed as part of a "new plan for immigration."

Overview of the Tier 1 Investor Visa program

• Introduction and purpose: Introduced in 2008, the Tier 1 Investor Visa aimed to attract wealthy individuals from outside the EU to invest in the UK. The program offered residency to those investing at least £2 million, with opportunities for their families to join them. It also provided a pathway to permanent residency, depending on the amount invested.
• UK golden visa requirements:
  
  • £2 million investment: Eligibility for permanent residency after five years.
  • £5 million investment: Eligibility for permanent residency after three years.
  • £10 million investment: Eligibility for permanent residency after two years.

Criticism and reforms

• Failure to deliver: The government stated that the program did not yield significant benefits for the UK populace and instead allowed corrupt individuals to gain access to the UK.
• Abuse and national security concerns: The Home Secretary emphasized a zero-tolerance policy for abuses of the immigration system, particularly by corrupt elites who pose threats to national security and contribute to the circulation of illicit funds in UK cities.
• Revised criteria: The Home Office mandated that future settlement in the UK would require applicants to demonstrate genuine job creation and tangible economic impacts from their investments. Passive holding of UK investments would no longer suffice.

Reactions and future plans

• Political responses: Opposition parties criticized the government for not acting sooner to curb the influence of illicit finance, particularly from Russian sources. They called for the publication of reports detailing the visa program's recipients and the implementation of broader measures to prevent illicit finance from entering the UK.
• Economic crime bill: The government announced plans for an Economic Crime Bill aimed at further cracking down on abuses of financial institutions and enhancing protection for taxpayers.

Historical context

• Changes to the scheme: Over the years, the Tier 1 Investor Visa program underwent several modifications, including additional checks on the source and timing of applicants' wealth and stricter requirements for banks when opening accounts for applicants.
• Statistics: Since its inception, 2,581 investor visas had been issued to Russian citizens by March 2020. 

Note: The Scotland golden visa is also no longer available since Scotland is part of the UK. The termination of the UK's Tier 1 Investor Visa program applies to all regions within the UK, including Scotland. Therefore, the opportunities for fast-track residency through significant investment that were available under the UK-wide scheme are no longer an option in Scotland as well.

Ireland

On February 14, 2023, Ireland officially terminated its golden visa program. Here are the key points regarding the program and its termination:

• Ireland golden visa program overview:
  
  • Opened residency in Ireland to non-Europeans with “at least €2 million” in personal wealth.
  • Required applicants to invest €1 million in an Irish business or make a €500,000 philanthropic donation (or €400,000 in certain cases).
• Reasons for termination:
  
  • Increasing difficulty in conducting due diligence on the escalating number of applications from one particular country.
  • Shift towards “passive” civil society endowments with no investment strategy and little job creation.
  • Concerns about the program's “displacement effect” on other funding streams.
• Official statements and actions:
  
  • Private briefing note for Ministers highlighted the challenges in managing the growing number of applications.
  • Noted risks to public policy, including international perceptions and the assumption that approved schemes had received “a level of official approval”.
• Impact and beneficiaries:
  
  • The scheme had raised €1.25 billion since its inception in 2012.
  • Beneficiaries included property groups and educational institutions. 
  • Housing charities also benefited from the program.

Australia

Does Australia have a golden visa? In 2024, the Australia golden visa program, which had granted wealthy foreign investors the right to live in the country. Here are the key points:

Australian golden visa program overview:

• Introduced in 2012 to attract foreign business.
• Required candidates to invest more than A$5 million (£2.6 million; $3.3 million) in Australia.
• Granted thousands of significant investor visas (SIV), with 85% of successful applicants coming from China.

Reasons for termination:

• Government found the scheme "delivering poor economic outcomes."
• Critics argued the program was exploited by "corrupt officials" to "park illicit funds."
• Multiple reviews revealed the Australia golden visa scheme failed to meet core objectives.
• Concerns about potential for money laundering and other nefarious activities.
• Government inquiry in 2016 raised concerns about vulnerabilities and loopholes.

Official statements and actions:

• The policy document from December 2023 announced the program's termination.
• Focus shifted to creating more skilled-worker visas for "skilled migrants" capable of making significant contributions to Australia.
• The Home Affairs Minister stated that the visa was not delivering what the country and economy needed.
• Transparency International Australia supported the move, highlighting misuse by corrupt officials.

Golden visa FAQs 

1. What is a golden visa?

A golden visa is a residency-by-investment program that allows foreign nationals to obtain residency or citizenship in a country by investing in its economy, typically through real estate, business, or government bonds.

2. Which countries offer golden visa programs?

Countries such as Portugal, Turkey, and the United Arab Emirates are well-known for their golden visa programs.

3. How much does a golden visa cost?

The minimum investment for golden visa application varies by country but commonly includes real estate purchases, capital transfers, creating jobs, or investing in government bonds. Amounts typically range from €250,000 to €2 million.

4. Can family members be included in a golden visa application?

Yes, most golden visa programs allow the main applicant to include their spouse, children, and sometimes parents as dependents.

5. Is there a minimum stay requirement for golden visa holders?

Many golden visa programs have minimal stay requirements, often just a few days per year, making them attractive for those not wishing to relocate immediately.

6. What are the benefits of a golden visa?

Benefits include residency rights, potential for citizenship, freedom to travel within the Schengen Area (for European countries), and access to better education and healthcare.

7. Can golden visa holders work in the host country?

Yes, golden visa holders generally have the right to work in the host country, although specific permissions may vary by country.

8. How long does the golden visa process typically take?

The process duration varies by country but generally takes between 3 to 12 months from the submission of the application to approval.

9. Do I need to prove the source of my investment funds?

Yes, applicants usually need to demonstrate that their investment funds are legally obtained and provide documentation for the same.

10. Can golden visa holders apply for citizenship?

Many golden visa programs offer a pathway to citizenship after a certain period, usually between 5 to 10 years, provided residency and other conditions are met.

11. What are the tax implications of holding a golden visa?

Tax implications vary by country. Some countries offer favorable tax regimes for golden visa holders, while others may require you to become a tax resident.

12. Can I sell my investment after obtaining a golden visa?

In many countries, you must maintain the investment for a certain period (typically 5 years) to retain the golden visa. Selling before this period may result in losing residency status.

13. Are there any language requirements for golden visa applicants?

Most golden visa programs do not have language requirements, although knowledge of the local language can be beneficial for integration and eventual citizenship.

14. Can I renew my golden visa?

Yes, golden visas are typically renewable, provided that you maintain the investment and meet any other conditions set by the host country. 

15. Is health insurance required for golden visa applicants?

Many golden visa programs require applicants to have health insurance coverage in the host country.

16. Are there any age restrictions for golden visa applicants?

Generally, there are no specific age restrictions for golden visa applicants, but adult dependents may need to be financially dependent on the main applicant.

17. Can golden visa holders travel freely within the Schengen Area?

Yes, golden visa holders in European countries with Schengen membership can travel freely within the Schengen Area.

18. What happens if my golden visa application is denied?

If your application is denied, you typically have the right to appeal the decision or reapply, depending on the specific country’s regulations.

19. Are there any additional fees associated with golden visa applications?

Yes, in addition to the investment, there are usually government processing fees, legal fees, and sometimes due diligence fees.

20. Can I apply for a golden visa without visiting the country?

Some countries allow you to apply for a golden Visa without an initial visit, but you may need to visit for biometrics or other formalities at some point in the process.

21. What documents are typically required for a golden visa application?

Required documents often include a valid passport, proof of investment, police clearance certificate, health insurance, and proof of funds.

22. How does a golden visa differ from a tourist visa?

A golden visa provides long-term residency rights and the ability to live, work, and study in the host country, unlike a tourist visa, which is for short-term visits only. 

23. Can I switch my golden visa to another type of visa or permit?

In some countries, golden visa holders can transition to other types of visas or permits, such as work or study permits, subject to meeting the necessary criteria. 

24. Do golden visa programs have quotas or limits?

Some countries may have annual quotas or limits on the number of golden visas they issue, which can affect the availability of the program.

25. Is a golden visa program a guaranteed path to citizenship?

While many golden visa programs offer a pathway to citizenship, it is not guaranteed and is subject to meeting residency and other requirements over time.

26. What is the best golden visa in Europe? 

The best golden visa in Europe is often considered to be Portugal's golden visa program. This program is highly regarded due to its relatively low investment threshold, flexible residency requirements, and clear pathway to citizenship. 

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Flatio: Flexible accommodations around the world

Flatio is a great solution for anyone looking for rental accommodation in over 300 destinations worldwide, including golden visa applicants who need temporary accommodation while they go through the application process.

Here’s why Flatio stands out:

• Visa-friendly lease agreements
• Flexible, reasonably priced stays (from 5 days)
• Availability of remote work-friendly rooms, flats, houses, villas, etc.
• Utilities and Wi-Fi included
• No deposit required for stays of less than 180 days
• Balanced lease agreement (translated into multiple languages)
• A very attractive cancellation policy
• Online signing of lease agreement
• StayProtection for Tenants, a service package to help tenants deal with emergencies such as internet problems and blocked doors, as well as accidental damage to property
• Move-in Guarantee with a 24/7 emergency line
• 100% money protection
• Customer support available every day of the week
• No hidden fees
• A secure and simple payment system (including the possibility to pay with Bitcoin)

 

Sources: 

• Digital Emigre
• Global Citizen Solutions 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
• La Vida Golden Visas
• Department of Immigration and Emigration Sri Lanka
• Nomads Embassy
• Relocate&Save
• Belize Tourism Board
• SchengenVisaInfo 1, 2 
• My Golden Visa 1, 2, 3 
• Nomad Capitalist 1, 2 
• Best Citizenships 1, 2, 3 
• Immigrant Invest
• HLG
• CM2H
• Costa Rica Immigration Website
• Investment Migration Insider 1, 2, 3 
• LawyersEstonia.com
• Expatra
• invest-visa.com 
• investmentvisa.com
• visaindex.com
• UAE government website
• Schengen Area News
• Aljazeera
• BBC 1, 2
• The Irish Times