Living and investing in other countries has its perks. Not only do you get to learn about another culture but you also get to improve your lifestyle and quality of life. Many countries offer the golden visa to help ex-pats reach that objective while assisting their own country’s economic situation.
These golden visa opportunities may provide you with a chance to have some fun during your golden years. With the right investment, your property can be paid for by the time you retire and you can live off your rental income.
The good news is that there are many countries offering the golden visa to nationals from other countries.
The golden visa for the most part is the opportunity to get a resident’s visa by investing in real estate in a specific country. There are minimum investment amounts that you would have to make but usually, once you get the golden visa then you get access to the same benefits as the citizen of that country gets.
Some of those benefits will be access to schools, paying no taxes, getting healthcare, and so on. Because the process can be a bit complicated, it is important to get expert help to make everything go smoothly.
Then it is possible to use the golden visa to help you gain citizenship in your new country. It may take a few years to accomplish but it can be done. For example, Spain requires that you hold this visa or the investment for 10 years before they grant citizenship to someone.
To obtain a golden visa, the general rules are as follows:
• You must personally own the money you wish to invest. • Maintain the investment, for at least a minimally-required amount of time. • Be able to prove you have acquired the money legally. • Have a clear criminal background. • You must have enough financial resources to sustain yourself and any family members that are coming with you – even if you do not intend to live there.
Each country has its own specific rules that you have to meet before you are granted this visa. Some countries require lesser amounts of investment than others. How much you will need will depend on the country you want to live in.
The golden visa for this country can be for 5 or 10 years. This is far longer than the standard 2-year residency visa this country offers. Here is what comes with this visa:
10 years renewable residency in the UAE
No sponsor or employer is required
Duration of stay outside the UAE doesn't nullify the golden residency status.
The initial entry visa is valid for 6 months with multiple entries to secure the golden visa residency
Additional golden visas can be applied for families including spouse and children with no age limit
In the event of the death of the visa holder, the family members can hold on to their golden residency status till the end of the term.
The documents you will need to apply for this residency program. The documents that you will need are:
Availability of an electronic copy of the title deed certificate
Valid health insurance
Original Emirates ID
There will be fees involved and the 5-year option will cost around 4000 AED. After application, you may only have to wait 7 to 10 days before it is approved or you get your answer. This is all for the 5-year golden visa.
The 10-year has different steps to take as you have to go through the ICA website or app or go through one of the AMER centers. Some of the documentation is the same but follow the instructions on those websites, etc.
There are about 22 countries in the world that offer this golden visa for investment. Each country has its own rules and fees and at least one does not offer a residence visa but they do offer immediate citizenship with your investment.
Anguilla Antigua and Barbuda Austria Canada Germany Greece. Grenada Ireland Malta New Zealand Portugal Singapore Spain St. Kitts and Nevis St. Lucia Switzerland The Cayman Islands The United Kingdom Turkey United Arab Emirates United States of America Vanuatu
The cheapest golden visa you can get would be the one from St. Lucia. They are requiring only a $100,000 USD investment. But this investment does not get you a residency visa. Nor do you have to invest in real estate to gain the benefits this country offers investors.
What you have to do is invest that $100,000 in a national government fund or one of the following opportunities- funds, purchase bonds, or real estate. It takes roughly 90 days to process the application.
Upon approval of the application, you are not granted a resident’s visa. Instead, you are granted citizenship in the country. The second cheapest would be Malta. You are only required to invest 98,000 Euros or $105,000 USD.
This country also does not require you to buy real estate and you can invest in a government fund. No residency is required to keep this golden visa. The third cheapest seems to be Vanuatu.
Its requirement is investing $130,000 USD in a government fund or $200,000 in real estate. Like St. Lucia, you automatically become a citizen with this investment.
If you are well off and do not like living in the country of your citizenship, there are lots of golden visa opportunities waiting for you. To get the best advice possible on which golden visa is right for you, just give our office a call.
We have over 10 years of experience in investment opportunities in golden visa countries. We can help you get through the red tape and meet all the requirements quickly.
Do not leave anything to chance. Come to the best office that will make sure your investment dollars are put to the best use.
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