All You Need to Know about EU Golden Visa

Due to the countless career progression and tourism opportunities, moving to a European country has become a goal to many. Europe has become a dream place for many people to immigrate so they can improve their quality of life and upgrade their lifestyle. One of the ways by which you can become a European citizen is by getting a Golden Visa. The Golden Visa program allows you to acquire the residency and citizenship of a European country through a very seamless and direct procedure. There is a list of Golden Visa countries from which you can choose and start with your application procedure.

Things to Keep in Mind while Choosing Golden Visa Program:

If you want to pursue with a Golden Visa but don’t know which program to choose, then here are a few things that will help you in making the decision. Go through these factors carefully and consider every point so you can choose the right country:

  • Golden Visa program allows the people to move to a European country by making a significant investment. The value of the investment that you have to make varies from country to country. Hence, when you are checking the list of Golden Visa countries, you should check the lower minimum investment requirements of every country. It will give you an idea of how much money you need to invest for the Golden visa program for every country. If you want to invest a lower amount, then you can benefit from the investment program of Portugal. For higher investments, you can check the programs of Spain and Greece.
  • Consider your long term goals before choosing a specific program. You should be sure of whether you want to move in permanently or just want to make an investment. Some programs offer a straight gateway to citizenship by Golden visa programs. On the other hand, some programs require renewals of visa several times before granting a citizenship. There are some countries like Malta that offer permanent residency but don’t offer permanent citizenship in any case. All these facts should be kept in mind while choosing the program.
  • After that comes the issue of language that is commonly spoken in the country. When you take a look at Golden Visa countries, you will see that there is variety of languages being spoken. The matter of culture and climate should also be taken into account. If you are fluent in English, then choose a country that is English speaking or where English is a common language. Language barrier does not only lose you opportunities but it hinders your learning as well. Therefore, this factor should be counted while choosing a particular Golden Visa program.
  • Finally, another important factor that cannot be ignored is the processing time of each program. The visa processing time is different for different counties and it should be taken into consideration. A few countries offer permanent residency in just a few months while with other countries, it take more time. If you are not patient enough to wait for very long, then choose another Golden Visa program.

Golden Visa Requirements for each Country:

You may think that the gateway to a European country’s citizenship is easy but the truth is quite the opposite. With the help of a Golden Visa, your chances of a fast citizenship are improved but they are still quite unpredictable. Unlike other immigration programs, you don’t have to do through a lot of eligibility criteria but instead, you need to have a lot of money. The minimum requirements of the investment vary from country to country.

  • If you want to move to Portugal through a Golden Visa program, then you need to have at least 500,000 euros for investment. If you have this amount of money, then you become eligible to apply for a Golden Visa. You can also make a capital investment of 1,000,000 euros by investing your money in reputable companies or organizations. There is a third possibility as well. You can become eligible by making jobs for at least 10 people in the country.
  • Moving to Spain requires just as much investment as Portugal. You have to make an investment of €500,000 or more to gain eligibility to their Golden Visa program. The upside to this program is that you will not have to live in the country if you don’t like. All you have to do is to make an investment and you can apply for citizenship after 10 years.
  • Greece is another one of the Golden visa countries that offers great benefits to its citizens. You will be required to make an investment of minimum €250,000 in property to get a visa. The perks are almost the same as other European countries. You will not require a visa to travel in the EU. However, the downside is that if you want the citizenship of Greece, you will have to live there as well.
  • Another country that is very popular in respect of Golden Visa is Cyprus. If you want to become a resident through investment, then you need to invest €300,000. You can wait a few years to before applying for citizenship or you can fast track your process by investing €2.0 million instead. This country is the best option for people who don’t want to wait for long visa processing. The processing time that is usually given is 2 months and then you will be granted a visa.

Golden Visa Europe is trending these days because people want to enhance their business and secure the future of their children in developed countries. If you have the required investment, then you should definitely immigration consultants in Lahore who can help you with the visa process. They go through your profile so they can help you in determining the best program that suits you. They can also guide you through the visa procedure and help you in filling out your application correctly so your chances of approval are increased.

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