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Golden Visa

Overview

A Golden Visa is a type of residency or citizenship program that grants individuals the right to live, work, and sometimes gain citizenship in a country in exchange for making a significant investment or fulfilling certain economic criteria. These visas are popular among high-net-worth individuals looking for better living conditions, business opportunities, or mobility advantages.

Criteria for Obtaining a Golden Visa

The criteria for obtaining a Golden Visa vary by country, but they generally include:

How to Apply

  1. Investment Requirements: The primary criterion is usually a significant financial investment. This might include buying property, making a direct investment in a business, or contributing to a government fund. The exact amount required varies by country.
  2. Financial Stability: Applicants often need to demonstrate financial stability and the ability to sustain themselves and their dependents.
  3. Background Check: A clean criminal record is usually required. Applicants may undergo background checks to ensure they do not pose a risk to the country.
  4. Health Insurance: Some countries require proof of adequate health insurance coverage.
  5. Residency Requirements: Some countries have minimum stay requirements, though these can vary from a few days a year to more substantial periods.

Countries Offering Golden Visas and Their Criteria

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Portugal

  1. Investment: Purchase real estate worth at least €500,000 (reduced to €280,000 in some low-density areas) or invest €1 million in Portuguese businesses.
  2. Residency: Minimum stay of 7 days in the first year and 14 days in each subsequent two-year period.

Spain

  1. Investment: Purchase real estate worth at least €500,000, or make an investment in Spanish public debt or a Spanish company.
  2. Residency: No minimum stay requirement, but must maintain the investment.

Greece

  1. Investment: Purchase real estate worth at least €250,000.
  2. Residency: No minimum stay requirement, but must maintain the investment.

Italy

  1. Investment: Investment of €2 million in government bonds, €1 million in an Italian company, or €500,000 in startups.
  2. Residency: Minimum stay requirement of 183 days per year.

Malta

  1. Investment: Contribute €650,000 to the National Development and Social Fund, purchase or rent property, and make a donation to a local charity.
  2. Residency: Minimum stay of 12 months out of 36 months or 6 months out of 12 months before citizenship.

United Arab Emirates (UAE)

  1. Investment: Investment of AED 10 million (about $2.7 million) in real estate or business.
  2. Residency: No minimum stay requirement.

Cyprus

Note: Cyprus’s Golden Visa program has been suspended as of 2020, but it was previously available with an investment in real estate

Turkey

  1. Investment: Purchase real estate worth at least $400,000 or invest $500,000 in a Turkish business.
  2. Residency: Must maintain the investment.

Austria

  1. Investment: Investment in the economy or donation of at least €3 million to the Austrian government.
  2. Residency: Must demonstrate significant economic contribution.

These programs are subject to change, and each country has its own specific regulations and procedures, so it’s important to consult with legal or immigration professionals for the most current information.

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