Golden Visa: Golden visa is also available in these countries, the facilities are like this..

Recently, the UAE has taken a big decision regarding the Golden Visa, which has announced to issue a nomination-based visa, through which a visa can be obtained without investing in business and property. Apart from the UAE, European countries, Cyprus, Greece, Malta, Italy, Spain, Hungary, and Latvia also provide this visa. Let us take the example of some of these countries and understand how much a fee has to be paid for a Golden Visa in European countries and what facilities are available under them.

The countries that provide a Golden Visa have some fixed rules. Talking about European countries, the country that offers this visa is there. In that country, the investor needs to invest in real estate or any business. The rules related to the Golden Visa of all provider countries are different. It is also important to know what the Golden Visa is and the rules related to the visa.

What is the Golden Visa?
The Golden Visa is a special investment-based residency program that provides residency or citizenship to wealthy individuals in exchange for investment in a country. This program is popular in many countries of Europe, such as Italy, Spain, Greece, and the UAE in the Middle East. It not only gives investors the right to reside, but also provides visa-free travel, tax benefits, as well as facilities for the family. But,

Italy's Golden Visa

Italy's Golden Visa program is called the Investor Visa for Italy. It was started in the year 2017. For this, the investor has to invest a minimum of €250,000 (about ₹2.34 crores) in 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 the investment, the application fee can range from Rs 2 crore to Rs 5 crore.

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 facility of applying for permanent residency after five years are also available. Along with this, if someone wants permanent residence, they will have to live in Italy for at least 5 years.

Spain's Golden Visa

Spain's Golden Visa program is based on real estate investment of €500,000 (about ₹4.68 crores). Meaning that for this, you will have to invest at least Rs 4. 50 crore in real estate. This visa is first issued for one year, which can later be renewed every two years.

Facilities - The investor gets the facility of living and working in Spain and visa-free travel in the Schengen area. Family members can also be included in this.

Greece's Golden Visa
Greece's Golden Visa program is the most economical, requiring a real estate investment of €250,000 (about ₹2.34 crores). This visa provides permanent residency. At the same time, the legal fees for getting it can range from about Rs 2 lakh to Rs 5 lakh.

Facilities - Visa-free travel in the Schengen area, residency for family, and the facility to apply for citizenship after seven years.

UAE's Golden Visa

UAE has recently introduced a nomination-based Golden Visa, in which lifetime residency is being provided by paying a one-time fee of 1 lakh dirhams (about ₹23.3 lakhs).

UAE's decision

Facilities- If we talk about the facilities provided under this visa program, then it includes the right to reside in seven emirates, the facility to include family and the facility of residency without trade license or purchase of property.

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