Golden Visa Programs: All Questions Answered
Let us take you through all the questions that are frequently searched on Google regarding the citizenship and residency by investment programs.
Which Countries Sell Their Citizenship
Citizenship-by-Investment programs present the chance to legally obtain a new nationality and an additional passport in a quick and simple way. Countries that currently offer citizenship-by-investment programs, which provide a direct route to citizenship based on investment include: St. Kitts and Nevis, Antigua and Barbuda, Dominica, Grenada, Cyprus, Malta, and Austria. On the other hand, countries that offer citizenship following a reasonable period of residence include Portugal, Belgium, the UK, Australia, Bulgaria, Canada, Singapore, and the USA.
How to Buy a House in Spain and Get Residency
Property route requires applicants to invest a substantial amount into Spanish real estate. Designated amount of the program is €500,000. Applicants can opt for a residential or commercial property, or a combination of both. The property involved may be rented out. Different buyers may also combine their investment into one property, and any amount exceeding the minimum investment may be mortgaged out.
How to Get a Passport by Investing
There are many programs offered by several countries that grant citizenship in return of a substantial investment. High net worth individuals around the globe may choose to invest in these programs (provided that they meet all the requirements established by the particular program), go through the due diligence process, wait out the examining and issuance period and get a second passport through their investments.
How to Get Antigua and Barbuda Passport
The citizenship by investment program of Antigua and Barbuda provides a second passport to investors. There are a few options applicants may choose to benefit from the program. Investors may choose to contribute $100,000 to the Antigua National Development Fund. They may also invest $1.5m in establishing a business ($5.0m for two or more investors). As the final option, they can invest $400,000 in a government approved real estate project (can be reduced to $200,000 for connected investors). Antigua and Barbuda passport grants visa-free travel to over 150 countries including the Schengen area. Moreover, the country requires only 5 days of residence per year. With its vast advantages of mobility, Antigua and Barbuda passport can be issued around 4 to 6 months.
How to Take Residence Visa in Spain
The requirements for the Spanish investor visa are:
- Minimum investment of €500,000
- Clean criminal record
- No previous refusal of entry or visa to the EU
- Sufficient medical insurance (in case you decide to stay in Spain)
- Bank statements to prove sufficient income
When the property purchase is completed, the appointed lawyer processes the visa application. This phase usually takes around 10 working days.
How to Get a Visa for Portugal as an Investor
Portugal’s Golden Visa is offered in accordance with the Ministry of Foreign Affairs through AICEP (Department of Consular Affairs and the Portuguese Trade and Investment Agency). The options of investment for the applicants are as they are listed below:
- Applicants may acquire property valued at €350,000 or more for properties more than 30 years old or located in urban regeneration areas designated for refurbishing
- Applicants may invest a minimum of €350,000 in research activities.
- Applicants may invest a minimum of €250,000 in the arts or in the reconstruction or refurbishment of national heritage projects.
- Applicants may invest a minimum of €500,000 for shares in investment funds or venture capital.
The process of getting Portugal Golden Visa usually takes around 3 to 6 months.
Can Buying a Property in Dominica Lead To Citizenship?
Citizenship by investment in Dominica is available through two options. The first is by making an economic contribution (donation) to the country under the government’s investor visa program. The second option available since January 2015 is through real estate investment. With a minimum investment threshold of $100.000, Dominican passport is among the cheapest. It takes around 3 months after the application to get the passport.
Can a Golden Visa Lead You to a Nationality in Portugal?
Yes. At the end of the fifth year of residence in Portugal, the applicant may apply for permanent residency followed by citizenship. In 2018, Portuguese government changed the Portuguese Nationality Law and reduced the required period of residency to 5 years from 6 years.
How to Apply for St. Kitts Citizenship
Launched in 1984, the scheme accepts investments for real estate or donations. To benefit from the program, applicants must make a minimum donation of $150,000 to the Sustainable Growth Fund (SGF). They may also prefer making an investment of $400,000 in real estate plus related government and due diligence fees. The process leading to citizenship takes usually around 3 to 6 months.