Comparison of Golden Visa programs: Spain, Portugal and Greece
The so-called “Golden Visa” programs have grown in popularity in recent years. But what is it? The Golden Visa is a temporary residence permit, acquired by making an eligible investment in the host country. The permit grants a number of rights to the applicant, including the right to live and work in the country and to travel without a visa to a number of countries. The most popular countries in Europe with a Golden Visa program are Spain, Portugal and Greece. In this article, we’ll take a closer look at each of these programs and compare the three programs based on several criteria. Read this entire article for knowing the Golden visa comparison below;
Know the target of market; who can apply for a Golden Visa?
Technically, anyone with a clean criminal record, who is not a citizen of the EU, EEA or Switzerland, can apply for a Golden Visa in Spain, Portugal and Greece provided that an eligible investment is made. The groups of people generally find these investment residency programs attractive;
Citizens of developing and emerging countries
Many people in the developing world have access to resources, but they want access to opportunities, health care, education, security and stability in developed countries. The Golden Visa programs offer the most benefits to this group of people. These programs provide them and their families with the aforementioned luxury, as well as hassle-free travel opportunities.
Investors and business owners
These programs are attractive to investors and business leaders who want to spend significant time in Europe. The programs of the three countries allow the candidate to obtain unlimited access in the Schengen countries of the EU. If your goal is to live, work and travel in Europe, perhaps these permits can do the trick.
Hong Kong citizens and US citizens
The reasons that push them to obtain additional residency or citizenship may be tax reasons, retirement, business relocation, a change in lifestyle, or simply an idealistic discomfort with their country of origin. .
Benefits: What is a Golden Visa used for?
These common rights include the right to live in the host country, the ability to travel to Schengen states without an additional visa, and the right to include dependent family members in their application. The scope of these rights and benefits varies slightly from program to program.
Once you have obtained your Golden Visa;
The Spain does not require that the applicant passes a long time in the country; it is enough to enter the country once a year. This is therefore interpreted as an obligation to stay for one day per year. The Portugal requires applicants to remain an average of seven days per year in the country to maintain their status golden passport (Golden Visa). If your Golden Visa is valid for a period of two years, Portugal requires that you spend a total of 14 days in the country during that two-year period.
Citizenship: Does the Golden Visa lead to citizenship?
Yes, the Golden Visa indirectly leads to citizenship. A Golden Visa is a way to reside in a country. Residence is a route to citizenship, provided that the specific conditions for naturalization of the country are met by the resident. You can read the citizenship requirements for Spain, Portugal and Greece, once you have obtained a Golden Visa below;
Citizenship Requirements for Golden Visa Holders
If you want to know the requirements for Golden Visa Holders than click on the highlighted link in the first paragraph there you will see all the details and you also can apply for Golden Visa from the site.