As a tourist destination, a country would develop its most popular spots and try to come up with new ones. As an attractive golden visa scheme destination, a country will develop several facilities all over. Yes, the host nation will get a huge amount of money from one individual but it will have to provide facilities in return too.
In this article, we are going to talk about some benefits that every investor looks for in a golden visa scheme. These benefits are what make a scheme attractive. Nations are adopting this measure to invite trade and inject fresh money into economies. An HNI (high net worth individual) will benefit the nation as they will bring in businesses that creates growth and other opportunities.
- Residency permit
The first and foremost thing that an investor will want is a residency permit. After having paid a huge amount of money, they will expect to get the right to own a house in the nation. This is the general practice in golden visa schemes too. A house or real estate is the most acceptable form of rights gained through investment.A businessman or investor who decides to invest so much in another nation will be expected to have a business or other interests there. Thus, it becomes necessary to allow them the right to own a residence in the nation.
- No trade restrictions
Assuming that the investor is a tradesperson (they form a very big chunk of investors in golden visa programs), they will expect that trade restrictions are not imposed upon them. Until the commodity that they trade in is deemed illegal in the country they have moved to, trade is supported and promoted.A host nation will also want the trade of the investor to prosper since it would mean that they will get more revenue through tax returns. Ensuring smooth channels of transaction and minimum hurdles in setting up shop are key aspects that should get attention.
- Fast processing of documents
A long waiting time is a deal breaker. Most investors look for avenues that have a short waiting span. While it is understandable that the long list of applicants makes it difficult to move quickly but the processing of documents should not take long. The sooner the documents of an investor are processed, the sooner they can invest the money.
- Freedom to travel to and from home country
Having moved from their home country to the one that they invested in does not mean that they have given up their citizenship. Every once in a while they will need to travel back to their home country. The reasons can be both personal and financial. There should be no restrictions on their travel.This will allow the investor to successfully move from one place to another without having to worry about humongous paperwork needed to be done every time. As ease of travel increases, the perception of the investor will improve and they might get more people to follow suit in their footsteps.
- Freedom to bring over family members
No matter where you go, you never leave your family behind that is something we all have in common. An investor in the golden visa scheme should also have this freedom. They should be able to bring their family members over to their new home. A restriction can be placed upon the relations that fall under this purview but immediate family should always be welcomed.
The reason for travel can also be classified under many umbrellas, it can be for education, health, residence, career, etc. Many countries offer the facility of schooling, healthcare, and higher education for the immediate family of the investor.
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