How To Acquire A Golden Visa In The Netherlands

The Netherlands is one of the most peaceful, aesthetically blessed, foreigner-friendly, and naturally endowed countries. It is home to many critical intergovernmental organizations, attracts a massive influx of tourists worldwide, and ranks relatively high on international indices such as press freedom and quality of life. It is a flourishing nation that offers its people and visitors vibrant opportunities. Thus, it should not surprise anyone that its Golden Visa scheme is quite a charmer.

Like any other country, the Netherlands requires capital to add fuel to its economic engine. In 2013, it launched its tailor-made Golden Visa scheme that allows investors to acquire residency in the country following a particular economic contribution. What it entails and how one can apply for it has been briefly mentioned below. How to acquire a golden visa in the Netherlands? Read along! 

 Why the Netherlands to begin with

I think there shouldn’t be any doubts about the growth and credibility of the country in the international order. You will receive many benefits if you sign up for its Golden Visa scheme. These benefits include access to a significant trade capital in the continent, visa-free access to European Union and the Schengen Zone, access to work opportunities in the country, a highly advanced healthcare system, and the chance to operate in a politically stable economy. 

What investments should you make

It is mandatory for the applicant to invest a minimum of EUR1.25 million. The amount can only be invested in select areas: a startup in the country, a contractual joint venture making investments in startups, a Ministry of Economic Affairs-recognised venture fund, or a recognized venture capital fund. The Netherlands Enterprise Agency (RVO) will be tasked with determining whether the said investment will have a valuable economic impact. So, it is not a mere investment we are talking about; it is also the positive, practical outcome of the same. 

Are there any residency requirements

It may come as a downer for many that the Dutch Golden Visa makes the grant of a residence permit conditional on the actual residence. Generally, this requirement either does not exist or is discretionary to the investor. Not here, however. The investor is required to stay for a minimum duration. Investors must stay for at least four months a year.

A successful applicant is initially granted a 3-year residence permit, which may be extended to two more years. Only after five years the investor is granted a permanent residence. The same is applicable to the family members who have been added to the application. In the 6th year, you can consider applying for citizenship. Note that fulfillment of residency requirements does not automatically grant you citizenship; you only become eligible for the same.

Other conditions

There is a host of other conditions which must be satisfied. These conditions include the applicant being at least 18 years of age, having a clean criminal record, maintaining a healthy lifestyle, and having legal sources of income. Now all these conditions are subject to extensive scrutiny by the authorities. For instance, applicants are required to undergo a medical examination.

To substantiate their claims, they must submit an array of documents such as a police clearance report, health insurance certificate, proof of source of funds, proof of investments made, and marriage certificate (if applicable). Your family members will also undergo similar scrutiny and be asked to submit pertinent documents. Throughout your residence in the country, you are required to maintain good behavior, pay your social security and taxes, and refrain from any illegal activity. 

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