Key Advantages of EU Golden Visa Programs

Wealthy entrepreneurs are looking for a way to improve their living and business conditions. Finding a solution to such problems seems complicated, but there are still options. So, the exchange of capital for official status within the country has become a popular way of immigration. Let’s understand Key Advantages of EU Golden Visa Programs.

Numerous advantages motivate them to accept the offer of governmental bodies. Since the Golden Visa conditions in the EU differ, immigrants can choose the best program based on their personal requirements. This side of the deal is worth paying particular attention to because developed countries create exceptional privileges for interested investors.  

Overview of EU Golden Visa Programs

Specialists help to study the current investment programs. Their advice will be helpful for those who are ready to move but have not identified a preferred destination. So, Zlata Erlach (Immigrant Invest company) suggests outlining what makes the available options so attractive immediately.

Before choosing programs, it is worth pointing out that the conditions and opportunities of countries differ. Due to this, developed countries have created proposals for obtaining:

• Temporary residency;
• Permanent residence permit;
• A second passport.

The cost of participation depends not only on the chosen country but also on other factors. For example, options for investment are divided into support of the economy (company creation, jobs), real estate (approved projects of the country), and charitable organizations.

There are often no requirements for mandatory residence in the country. You can apply at the consulate and then travel. The processing time for applications is three months, so creating favorable conditions for business will not be a problem.

Financial & Tax Benefits

Those programs that have made golden visa advantages financially tangible are trendy. If you are interested in increasing your capital or using a more convenient tax system, it is worth paying attention to such offers.

An applicant who has met the requirements and completed the application will receive the following as a result:

• Exemption from double taxation;
• Reduced tax rates on corporate capital;
• The possibility of not paying inheritance or capital gains tax.

The investment payback period depends on the chosen conditions. It usually takes from 3 to 5 years for an investor to recover the money spent. In addition, it is possible to use real estate to work in the tourism business and get an additional source of income.

Immigrants from countries that are not part of European organizations enjoy the same rights as the local population. It is enough to obtain a temporary residence permit and keep investments.

Access to European High-Quality Life

A high standard of living in the country is enough to motivate people to apply for Greece Golden Visa. It concerns not only living conditions but also several other privileges. Quality medical care, access to the best educational institutions, and low cost of living make you seriously consider the programs. 

These benefits have gained particular relevance over the past decades. The ability to utilize the services of top specialists and receive the care you need is highly valued in Europe. It is necessary to obtain a Golden Visa for investment to gain access.

Mobility within the Schengen Zone

Citizenship in a European country includes trouble-free travel with golden visa countries. This way, it is possible to visit EU and Schengen states without obligatory registration of documents. Passport holders or residents of European countries need to:

• Register in the country upon arrival;
• Register in the electronic system;
• Comply with the time limit of stay (90 days out of 180).

The freedom of movement also includes the easy processing of visas to the States or Canada. Citizenship in a developed country will allow you to pass quickly and get permission to visit the world’s business center.

Business Collaboration Inside EU

The combination of freedom of movement and citizenship in European countries suggests that doing business (or scaling up operations) will be easier. You can use visa-free travel for business travel and unique taxation systems to pay taxes.

In addition, partnerships with European companies will help to consolidate positions in the international market. An increased sphere of influence means new opportunities for sales or service. It is enough to take care of business registration in the chosen country and follow the requirements of the government.

Best EU Golden Visas To Apply For 

If you are looking to get an EU golden visa for yourself or your family, here are the best ones you may get your hands on: 

Portugal Golden Visa

Golden Visa holders have the allowance but are not required to live in Portugal. They just have to spend seven days in a year in Portugal for the permit to remain valid. 

After completing five years as a Golden Visa holder, the investor, along with their family, may apply for Portugal permanent citizenship or residency. 

Malta Permanent Residence Programme

The investor needs to fulfill multiple investment conditions: renting or buying properties in the country, paying fees to the government, and making charitable donations. They also need to assure a capital of 500,000 euros, which includes a minimum of 150,000 euros of liquidated financial assets. 

The permanent residency card needs to be renewed every five years. The Residency Malta Agency has an annual check for the initial five years to make sure the investor is meeting all the conditions. 

Greece Golden Visa

The Greece Golden Visa Program comes with the lowest requirements within the European Union. Furthermore, the investment property may also be rented out. 

After completing five years, the investor may obtain permanent residency and then sell out the property to get back the investment. 

Italy Golden Visa

The Italy residence permission is issued for two years. It may then get an extension for three years if you keep maintaining the investment. 

Investors do not need to live in Italy if they do not wish to get their citizenship. Golden Visa holders receive citizenship by naturalization under the general conditions after ten years of living in the respective country. 

Spain Golden Visa

The investor, along with their family, is not required to take cultural or language examinations to get a Spain Golden Visa. Also, they do not need to spend time or live in Spain either. The law has an allowance to rent out the investment property. 

The permanent residency may be obtained five years after living in Spain. In five more years, the investor may apply for permanent citizenship. 

Hungary Golden Visa

The government of Hungary has recently relaunched its Golden Visa Program in 2024. The residential permit for all investors will remain valid for ten years. 

The applicant will have to initially get a Guest Investor Visa for two years. The visa holder will get 93 calendar days after their first entry to Hungary to check the investment conditions and apply for the residence permit. 

Cyprus Golden Visa

Cyprus’ permanent residency by investment is lifelong. However, to maintain this status, the investor needs to visit the place every two years. 

A permanent resident may get Cyprus citizenship after five years of living in a place in a soft Mediterranean climate right next to the sea. 

Austria Golden Visa

Austria does not offer a Golden Visa program. Rather, it grants residence permission to people who are financially independent. 

Applicants need to prove their stable income from foreign sources, rented or owned house in Austria, and proficiency in the German language. The expenses to get an Austrian residency start from 100,000 euros, and the residents must spend 183 days every year in the country. 

Conclusion

The diversity of EU golden visa benefits makes it possible to take steps towards new markets and opportunities. For example, an investor who includes dependents in the application immigrates with his family and ensures a high standard of living. It increases the cost of participation but opens up new perspectives. 

The return on investment in European market conditions is five years. Thanks to this, the entrepreneur enjoys the advantages of living in a developed country and continues to work successfully in the new environment.

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