EU Golden Visa - What Is The Purpose Of The European Golden Visa Program?

Attracting investment money from high-net-worth individuals is a common policy throughout European economies. Investors can choose programs that grant citizenship, freedom of movement between countries, or allow conversion to citizenship, becoming a European citizen when eligible, depending on their purpose and future intentions. Individual investors can get permanent residency or European citizenship swiftly and simply through the EU Golden Visa Program with an investment of only 300,000 EUR.

What is the EU Golden Visa? 

The European Golden Visa is a program that permits high-net-worth individuals to move to Europe by purchasing property, establishing businesses, and investing in stocks and bonds. Investors with this European Golden Visa are permitted to stay, live, study, and work in visa-issuing countries for the term of each program.

Each program has various criteria and incentives for investors. So, depending on your goals and capacity to achieve the criteria, you may want to consider more if you want to invest in obtaining an EU Golden Passport.

>> Read more: Beautiful Places in Europe – What to Prepare?

5 Benefits of European Golden Visa

Travelling Inside The Schengen Area Is Allowed

Residents of numerous European nations in the Schengen region will be allowed to freely travel within the bloc's 26 member states. The Schengen visa provides a plethora of benefits to its holders and is now one of the world's most powerful and handy visas.

The Schengen region was founded with the signing of the Schengen Convention in Luxembourg in 1990, with 22 member nations and four EFTA member countries. The Schengen visa permits the holder to freely travel within the Schengen area's 26 nations.

Excellent Medical System 

Europe has a world-class medical system, with several of its member nations ranking among the top in terms of medical quality. Switzerland, Sweden, Australia, the Netherlands, Germany, and other nations with a highly regarded medical system, according to the World Health Organisation, are some of the examples.

Photo by Christian Lue on Unsplash

Peaceful Environment

Europe has a tranquil, antique beauty, as well as a quiet, polite, and aristocratic way of life. Joining a EU Golden Visa Program will allow you to move across Europe and experience the tranquility of all its country members. 

The Best Quality Of Education In Europe

European countries have an outstanding education and are well-known around the world. The special thing is that if you settle in Europe and your children study in public schools, you will be funded by the government for their expenses from primary school to the end of high school.

For most Irish nationals and permanent residents, undergraduate (Bachelor’s) degrees are free - with only minimal expenses for facility maintenance.

After long-term residency meets the requirements for permanent residency, children can receive an education in the state or private education system in that country.

Easy Tourism

Depending on the nation you apply for, the EU Golden Passport Program grants permits that allow you to travel visa-free to more than 188 countries. You can travel freely between Schengen nations if you have a European Golden Visa.

Many of the nations that provide EU Golden Visas, such as Portugal, Spain, Cyprus, and Greece, are located around the Mediterranean, which is an interesting location for making your stay more convenient.

At the same time, beautiful towns like Madrid, Barcelona, and Lisbon will be great for shopping and cultural activities.

Many cities are easily accessible by conventional flights. Lisbon, Madrid, and Barcelona are all only 1-2 hours by plane from London, Berlin, Paris, Rome, and most other European cities.

Who Can Apply for a Golden Visa in Europe?

Most EU nations require you to have lived in the country for at least five years, pay taxes, know the local language, and be able to integrate into the culture. It will be easy to apply for a European Golden Visa at this time.

You must also make investments as well as job contributions. You must personally own the money you intend to invest, and you must keep the investment for at least a specific amount of time.

You will very certainly have to demonstrate that you have earned the money and lawfully held the property. You must show that you have the financial resources to support yourself and any family members coming with you.

Anyone who satisfies the basic qualifications outlined above is eligible to apply for a EU Golden Visa.

What EU Countries Offer Golden Visas?

Austria, Belgium, Bulgaria, Latvia, Lithuania, Malta, Monaco, Portugal, Switzerland, Cyprus, Greece, and the United Kingdom are among the 12 European nations that have officially accepted using Golden Visa rules.

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