Golden visa
Recently, the UAE has taken a big decision regarding the golden visa, which has announced to issue a nomination base visa, through which a visa can be found without investing in business and property. Apart from the UAE, Europe’s countries also provide this visa to Cyprus, Greece, Malta, Italy, Spain, Hungary and Latvia. Taking the example of some of these countries, let us understand how much fees have to be paid for golden visas in Europe countries and what facilities are available under them.
For the golden visa, the countries from which are provided. There are some fixed rules from all. Talking about the countries of Europe, the country which offers this visa there. In that country, investor needs to invest in real estate or any business. The rules related to golden visa of all provider countries are different. It is also important to know what is a golden visa about the rules related to the visa.
What is a golden visa?
Golden Visa is a special investment-based residency program, which provides rich individuals in exchange for investment in a country. This program is popular in many countries in Europe like Italy, Spain, Greece and UAE in the Middle East. It not only gives investors the right to live, but also provides a visa-free travel, tax benefits as well as facilities for the family. But,
Italy’s golden visa
Italy’s Golden Visa program is called Investor Visa for Italy. It was started in the year 2017. For this, the investor has to make minimum investment in € 250,000 (about ₹ 2.34 crore) startups, € 500,000 in government bonds or € 2 million in real estate. This visa is valid for two years and can be renewed. At the same time, apart from investment, the application fee can be charged from 2 crore to 5 crore rupees.
Facilities
Under this visa, the investor and their family get the right to live, work and study in Italy. Visa-free travel in the Schengen area and the application facility for permanent residency after five years is also available. Along with this, if someone wants a permanent residence, then he will have to live in Italy for at least 5 years.
Golden Visa
Spain’s golden visa
Spain’s Golden Visa program is based on real estate investment of € 500,000 (about ₹ 4.68 crore). For this, you will be required to invest in real estate of at least 4. 50 crore rupees. This visa is released for the first one year, which can be renewed every two years later.
Facilities- The investor gets the facility of living, working and visa-free travel in the Schengen region. Family members can also be included in this.
Spain Golden Visa
Greece Golden Visa
Greece’s Golden Visa program is the most economical, requiring real estate investment of € 250,000 (about ₹ 2.34 crore). This visa offers permanent residency. At the same time, legal fees in making it can come from about Rs 2 lakh to Rs 5 lakh.
Facilities- Visa-free travel in Schengen area, residency for family and application for citizenship after seven years.
Greece Golden Visa
UAE Golden Visa
The UAE has recently launched a nomination-base golden visa, in which lifetime residency is being provided by paying a lump sum fee of 1 lakh dirhams (about ₹ 23.3 lakh).
UAE decision
Facilities- At the same time, if you do the facility available under this visa program, then it will get the right to live in seven Emirates, the facility to include the family and the residency facility without trade license or property purchase.