Apply: Golden Visa
What is a Golden Visa? It is a citizenship by investment or residency. These visas are typically directed at wealthy foreign nationals who want to acquire residency in a certain country by purchasing a property.
Cyprus
Qualified investors can acquire citizenship within 6 months with no residency requirements. To qualify for citizenship, an applicant must invest a minimum of €2,000,000 in real estate (held for 5 years) and make €150,000 in mandatory government donations.
KEY BENEFITS:
- Application for Dependent children up to 28 years of age to acquire citizenship can fall under one single investment.
- This allows Visa-Free travel to more than 173 countries and territories, including Schengen, UK, and Canada.
- No tax to be included in foreign investments.
- Right to live, work, and study anywhere in Europe
- Dual citizenship is allowed in Cyprus
Greece
An investment of €250,000 is required in real estate in Greece making the Greek programme the lowest investment level of any real estate residency visa scheme in Europe. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial.
The law states that third country nationals who invest the requisite amount in real estate property/ies in Greece either personally or through a legal entity whose shares belong to them in its entirety can apply for a Greek Permanent Residence Permit ‘Golden Visa’. Residence permits are issued within 2 – 3 months for the investor and his/her family. Permits are valid for 5 years and can be renewed indefinitely as long as the investment hasn’t been liquidated. Holders of a permanent residence permit can apply for citizenship after 7 years of legal residence in Greece.
Other ways to obtain a golden visa:
· Sign a lease agreement with a hotel or tourist establishment for at least 10 years
· Make a capital investment of at least €400,000 in a company registered in Greece
· Make a €400,000 investment in Greek government bonds.
· Make a €400,000 investment in bonds or shares of real estate investment companies.
· Make a €400,000 deposit in a Greek bank.
· Make an €800,000 investment in corporate or government bonds.
KEY BENEFITS:
- Dependent children up to the age of 21 can be part of the same application
- Ability to reside in Greece without restrictions
- Travel visa-free to any of the 26 countries in the Schengen Area
- No language requirements
- No residency requirement or interview to get the permanent residence permit
- No tax obligation for nonresidents
- Dual citizenship is allowed in Greece
Malta
In order to do this, you must make a €650,000 non-refundable contribution to the Malta National Development Fund, a €350,000 investment in real estate which must be maintained for five years, and a €150,00 investment to a government-approved fund, which must also be maintained for five years.
This allows individuals, along with their families, to acquire citizenship by a certificate of naturalization after making a significant contribution to the economic and social development of Malta. A Certificate of Naturalization is issued following a thorough due diligence check and after meeting all the financial and residential requirements. To issue a naturalization certificate, the Maltese government requires the applicant to provide proof of 12 months’ residency in Malta. This includes criteria such as a permanent residence in Malta, regular visits to the country, utility bills, memberships, etc. The whole process takes approximately 14-24 months to complete.
KEY BENEFITS:
- European citizenship and passport can be acquired in less than 2 years
- Visa-free travel to more than 160 countries, including Schengen, UK, USA, & Canada
- Right to live, work, and study anywhere in Europe
- An English-speaking business environment
- Unmarried dependent children up to 26 years of age can be included on the same application
- Citizenship is granted for life and is irrevocable
- No tax on foreign income for non-residents
- Dual citizenship is allowed in Malta
Portugal
It gives foreign investors who spend 500,000 euros on a property here the right to live in Portugal. They are also free to travel around all the EU countries in the Schengen area and after six years they can apply for Portuguese citizenship.
The amendment to Portugal’s residency regulations set the criteria for granting residency permits to third country nationals through foreign investments. Qualified applicants may obtain residency permits for themselves, their spouses, dependent children, and parents. Applicants receive their residency permits within 2 months of making an investment and submitting an application. The residency permit holder can apply for naturalization after 6 years of legal residency in Portugal.
KEY BENEFITS:
- European residency in 2 months
- Visa-free access to all European Schengen countries
- Right to live, work, and study in Portugal
- Citizenship available after 6 years
- Dual citizenship is allowed in Portugal
- Dependent children and parents can be part of the same application
- No tax on foreign income for non-residents
Spain
Spain launched its golden visa program in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship. It is not necessary to live in Spain in order to retain and renew the residency visa permit.
It is possible to apply for permanent residency in Spain after living in the country for five years. Citizenship can be applied for after living full time for ten years. Although the temporary residency permit (the golden visa) can be easily renewed without living in the country, the route to both permanent residency and citizenship requires the investor and their family to reside in Spain. For this reason the Spanish Golden Visa programme is popular with those applicants who either wish to reside full time in Spain or simply maintain a second residency in Europe but without a path to citizenship.
KEY BENEFITS:
- The process for renewal of the Residency Permit is quick and straightforward. No presence in Spain is required, allowing tax residency outside of Spain.
- There is no limit to the amount of times the 5-year residency can be renewed.
- All ascendants and descendants of the investor can obtain a Golden Visa / Residency Permit, regardless of their age, thus enabling the entire family to benefit from the scheme.
- The investors’ spouse (or person with a similar relationship), children under 18 years (and over 18 years if economically dependent) and other dependent ascendants can also obtain the Golden Visa / Residency Permit, thus enabling the entire family to benefit from the scheme. The investor and the beneficiary family members are entitled to work in Spain.