Golden Passports and Golden Visa are provided to big investors looking to invest in projects and continue investing for a fixed period by attaining an immigration status.
A Golden Visa is an investment program concerning permanent residency whereas a Golden Passport is an investment program concerning citizenship.
Above 25 countries provide investment programs including golden visas and golden passports to investors who want to keep investing for a considerable amount of time.
If you are planning to invest in any of the investor programs, you must ensure to be aware of the distinct standards associated with each of them.
While analyzing the standards you must keep the family requirements and your ability to meet these standards.
What are the essential requirements for a Golden Passport?
Golden Passports or ‘Second Passports’ let people invest and contribute in terms of finances to specific and designated projects in an exchange deal of citizenship.
- Residency by investment: Foreigners make real-estate investments along with the establishment of organizations in which a large number of people are also employed. Working and studying through the program increases the chances of permanent residency.
- Permanent Residency by Investment: Permanent Residency can be acquired by those foreigners who invest in a nation and also have their spouse and children accompany them.
Essential requirements for obtaining a Golden Visa:
- You must invest in only those funds that you possess.
- Maintaining your investment for the minimum amount of time is essential.
- Provide evident proof regarding the legitimacy of the money you possess.
- Ensuring a clean record devoid of any criminal activities.
- You must be financially secure and stable to support your family and dependents even if you have no future settlement plans in the country.
- There might be other existing conditions concerning eligibility which completely depend on the type of Golden Visa you want and the nation you are in.
The application process for a Golden Visa
- The foremost way of applying for a golden visa is through the purchase of real estate or foreign property.
- An estimated cost of real estate property could be from $200,000 to $2 million.
Countries providing Golden Visa Programs
Numerous countries provide the Golden Visa programs including Germany, Greece, New Zealand, Canada, Ireland, Singapore, Bulgaria, Switzerland, Austria, the U.S, Spain, the U.K, and many more.
Ways of investing
- Another way of investing is through Fund investments in government funds or public debt of the country.
- Playing a major role by investing in the technological innovation of a country.
- Through investing in a corporation’s shares and stocks.
- All the countries providing golden visas might not be open to such investment opportunities.
- After your investment gets initiated, you have the option of applying for a golden visa either through a government body or a country embassy. Initially, the primary contact will be an embassy.
How can you benefit by obtaining a Golden Visa?
- Family Investment through Passport- Passports serve as an asset for family protection and are a great alternative for life insurance too.
- Residency by investment- English-speaking EU countries with top-notch educational institutions ask for a minimum level of investment requirements. Children of Foreign Nationals, through the acquisition of a golden passport, will get an equal standard of education at the same cost paid by the domestic students.
- Attainment of a better standard of living- Investors along with their family members and future generations can look forward to a better standard of living by benefiting from the security features in society and also having the opportunity to start a business overseas.
Restrictions on getting a Golden Passport
- To receive a golden passport, you must possess immediate funds and also be able to make large investments.
- Many countries have implemented stricter rules for the acquisition of golden passports.
- Another limitation is that there is detailed verification concerning the background of the family members who aspire to apply for golden passports.
- Also, a deep-level investigation goes across checking the source through which the investment funds emerge.
What are your plans for getting a Golden Visa?
Make Home Canada with its team of professionals and experts ensure to provide the best Golden Visa programs suited for you.
Whether you want more clarity on Golden Visa programs or simply want more details we are just a call away!
