Passport & Consular Services

What is the European Golden Visa

The European Golden Visa refers to residency programs offered by certain European countries that allow foreign individuals and their families to obtain residency rights by making a qualifying investment in the country’s economy. These programs aim to attract foreign investment, stimulate economic growth, and encourage entrepreneurship.

Under the European Golden Visa programs, individuals typically need to make a significant investment in the country, which can include purchasing real estate, investing in businesses, creating employment opportunities, or contributing to a national development fund. In return, they are granted residency permits that allow them to reside and, in some cases, work and study in the country.

The specific requirements and benefits of the European Golden Visa programs vary from country to country. Some countries offer a direct pathway to permanent residency or even citizenship, while others provide temporary residency permits that may be renewable or lead to long-term residency options.

Some popular European countries that offer Golden Visa programs include Portugal, Spain, Greece, Malta, Cyprus, and Latvia, among others. Each country has its own investment thresholds, qualifying criteria, and residency requirements.

It’s important to note that the European Golden Visa programs have faced criticism and scrutiny regarding potential risks such as money laundering, tax evasion, and the commodification of citizenship or residency. Therefore, it is crucial to thoroughly research the program requirements, consult with immigration professionals or legal advisors, and consider the long-term implications before participating in any Golden Visa program.

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