Almost all countries in this region attract residents from other countries. There is a high standard of living there, a decent quality of education and medicine. There are many business opportunities, of course. A strong economy, a well-developed industrial sector, and high social standards exist.

There is a unique chance for wealthy individuals to move to one of the European countries and start life with a clean slate. mygoldenvisa.io  website has many guides about Golden Visas, which are special programs that allow investors to get a residence permit in exchange for investing their own money, are provided for this purpose. Any program has many advantages and privileges. The status is granted if you have purchased real estate, bought government bonds, opened a deposit account, or registered your own business.

What is an EU Golden Visa Program?

Investing funds under this program is possible to obtain a residence permit. It is relevant for those with significant capital and planning to carry out immigration. The applicant needs to buy a real estate object in the corresponding country to qualify for this status. Investments in European housing are a profitable material asset that can bring a considerable rental income. In addition, the applicant has the right to sell the property after becoming a citizen.

Factors to Consider in Selecting a Golden Visa Program

Observing the rapid financial success of countries that have already begun to issue residency to applicants, other states are deciding to launch their own schemes. But how to choose the most acceptable option for yourself? Things to consider when selecting an EU golden visa: 

• type of residency and the prospect of a second passport – it can be a temporary or permanent residency, and as for the passport, each program has its own requirements in this regard;
• cost – from the point of view of this issue, it is essential to understand that the cheapest golden visa programs come from not very popular states. If you are satisfied with this, there will be no problems, but you should be prepared for pitfalls;
• simplicity and speed of the procedure – usually, the receiving states require you to provide proof of no criminal record or medical examination results and confirm the sufficiency of financial resources obtained legally.

It is also necessary to consider whether it is essential to be physically present in the country before and after the processing of the resident card, whether there will be a check, and how much time the procedure will take exactly. It may also be required to show knowledge of the language, which is recognized as an official language. You should also consider the period of validity of the card. 

Program 1: Portugal Golden Visa Program

Its conditions are considered the most democratic in Europe. Including a spouse and children up to 26 years of age in the application is allowed. According to official data, applications are processed in about 90 days, but in reality – from 3 to 5 months. New residents of the country receive tax benefits for 10 years. Thanks to this status, the holders get the right to work and do business in the country.

The mandatory condition is to maintain status, which implies staying in the country for 7 days a year. If life there permanently is not in your plans, you are allowed to spend a vacation with your relatives, but a week. You can buy residential real estate, invest money in a new or existing enterprise, and buy shares in special funds.

Program 2: Greece Golden Visa Program

It is in high demand, and the requirements are feasible. You need to invest a minimum of 250,000 euros in real estate. Status is issued for 5 years, after which it is allowed to apply for permanent residence. But after 5 more years, you can hope to acquire citizenship. It takes about 5 months to submit documents and all other stages of the procedure.

Program 3: Spain Golden Visa Program

It is known that this country has a very high standard of living, so people from other parts of the world dream of living here. Many people believe that it is the easiest Golden Visa. Including spouses, children, and parents in the application is allowed, with no age restrictions. Applications are processed from 3 to 6 months.

Conditions of participation vary. There are several options. For example, you can buy real estate, whose value starts from 500 thousand euros, or bonds. It is also proposed to buy a share in the company to deposit money.

Conclusion

There are other programs, but the programs discussed above are considered the most popular and in demand among investors. It is enough to familiarize yourself with them in more detail to choose the right one.

To make the process of paperwork fast and comfortable, seek the help of professionals. They will resolve all issues as quickly and efficiently as possible.