Benefits Of Citizenship By Investment Program You Should Know

Golden Visa Programs have become quite popular in the last decade. Many countries, especially in Europe and the Americas, offer several such programs as part of their goals to boost the economy and attract foreign investments. Essentially, these programs require the applicants to invest a certain amount in certain areas in exchange for which they are extended permanent residence and, ultimately, citizenship (if applied for).

But the real question comes from the point of view of investors: Why should they invest in the first place? Nobody wants to put their money in places without significant returns or rewards. These programs are called ‘Golden’ visas for some reasons that we will enumerate. In this article, there are five benefits that Golden Visa programs offer.

Visa-Free Travel

Investors keep looking for opportunities to invest and keep their money growing. There are, however, countries that may not be readily accessible. Countries that offer these programs often provide visa-free travel to specific locations. For example, the Portuguese and the Spanish Golden Visa Programs allow visa-free access to EU and Schengen Area countries. Some programs allow access to countries otherwise difficult to access readily, such as Russia and China. Of course, the investment may not be the sole reason why you want visa-free access, but it is surely one to consider. 

Benefits to Family members

Generally speaking, Golden Visa Schemes extend the benefits not only to the successful applicant but also to their family members. This is arguably one of the biggest perks of these programs, as you can tag along with your family members, who are guaranteed access to services and privileges to which you are. However, you should note that coverage of family members is usually limited to your spouse, dependent children, and dependent parents. Their antecedents are under inspection, just like yours, during the application process. 

A portfolio of passports

Not many understand the power of holding multiple passports. Some countries have stronger passports than others. Many investors go for either the stronger ones or a mix of both because a portfolio of passports can enhance their investment potential, allow them to experience a diversification of lifestyles, and engage in smooth and readily available socio-cultural exchanges. For example, Austria and Malta have strong passports, and their citizenship can open doors to many opportunities. 

Access to public services

With the residence permit or citizenship, you become entitled to receive access to public services. These public services include public healthcare, education, and work opportunities. Understandably, however, there will be differences in the benefits offered to a resident and a citizen; for example, a citizen has the right to work, whereas a resident does not. Suppose you hold a passport from a highly developed country. In that case, you will be entitled to receive high-quality, reliable public services. Many applicants of these programs have a long-term goal of settling down with their families in the country because they can enjoy a better, more secure, and more peaceful lifestyle. 

Tax Benefits

In order to attract investments, many countries make very investor-friendly citizenship through investment programs. They understand that they must propose an offer that is not easy to refuse, and tax benefits are quite a dazzling aspect of these programs. You will often find that countries such as Antigua, Barbuda, and many others in the Caribbean region do not tax personal income. Wealthy investors are drawn to these countries as they have a better chance of managing their wealth here.

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