Europe has always been a top market for businesses. That’s why some European countries offer the Golden Visa to attract foreign investment into their country.
An EU Golden Visa helps a businessperson expand a business far more conveniently. You may even want to spend your retired life in a country where the cost of living is lower than in the US. You can obtain citizenship by staying in the country with a Golden Visa. Depending on the country, it may take five to ten years.
Here’s how you can obtain a European Golden Visa:
If you wish to get a Golden Visa in Austria, you need to make a significant investment in the Austrian economy. More specifically, you must invest €10 million into a business or contribute €3 million to the government development fund.
Unlike other EU countries, applications for Golden Visas are reviewed case by case. So, the rules for a Belgian Golden Visa aren’t clear. In general, you need to invest in or as a business, not in real estate. You need to invest around €350,000 to €500,000 throughout the five years after a successful application for a Golden Visa. You’ll then get a residency visa for your family.
Bulgaria offers the fastest way to become a citizen of an EU country. You’ll have to invest €512,000 to apply for Permanent Residency (PR). You have various investment options to invest this amount. After the six months needed to complete the PR process, you can apply for citizenship after five years. Alternatively, you can fast-track your citizenship by investing another €512,000.
Germany is the economic powerhouse of Europe. And you can get its Golden Visa by investing just €360,000. You can then get a PR in three years, while your family members will get it after five years.
Greece offers the lowest investment Golden Visa program in the EU. You only need to invest €300,000 (including taxes) to apply for Golden Visa. You get your residency card just 40 days after submitting the application. You can renew the visa every five years if you maintain the property investment.
You can gain Irish Residency by investing €1 million in an Approved Investment Fund. You need to have a clean criminal record, a good character, and a net worth of at least €2 million to be eligible for an Irish Residency.
If you are a non-EU citizen, you can avail of any of the following investment options to be eligible for the Italian Investor Visa:
# An innovative startup
# A company incorporated and active in Italy
# A Government Bond issued by the Italian Republic
# nthropic donation to fields of public interest such as culture, education, preservation of natural/cultural heritage, or scientific research
The minimum property investment required for the Portuguese Golden Visa is about €250,000 to €300,000. The best part is that you can apply for PR and citizenship after five years even by not residing in Portugal. You and your family only need to visit for two weeks every two years.
Spain launched its Golden Visa program in 2013. You need to invest €500,000 in real estate so that you and your family members can get residency. You can renew your residency every two years without staying in Spain. You can apply for PR after staying in Spain for 5 years. You will be eligible for citizenship after spending 10 years in Spain. So, Spain is a good option for those who only want residency but aren’t necessarily looking for citizenship.
You don’t need to buy property, invest in funds or government bonds to be eligible for a Swiss Golden Visa. You only need to pay CHF 150,000 and CHF 1 million (depending on the canton.) You can then obtain PR by living in Switzerland for at least ten years.
Have you read?
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# The World’s Richest People (Top 100 Billionaires, 2022).
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