5 Reasons to Invest in a Golden Visa Property

A golden visa is a permanent residency visa granted to those who invest in property of a certain amount in that country. There are several countries in the EU, as well as others around the world, that offer this opportunity, which is something that is well worth investing in for a stable and more secure future.

The Option to Live and Work in Another Country

It’s usually quite difficult to live and work freely in another country, but a golden visa allows this. Not only that, but you are free to return to your home country whenever you want, as there are usually no requirements as to how long you need to stay in your golden visa country for.

Lower Tax Rates

While lower tax rates aren’t guaranteed, many of the countries that offer golden visas also have relatively low tax rates, both personal and corporate. While there are numerous factors that will determine how much tax you pay, several countries provide exemptions for foreign investors.

If this is something that appeals to you, professional advice is needed to ensure that you pick the best golden visa scheme for these purposes.

More Travel Freedom

Not only does a golden visa give you the right to freely enter that new country, but a European golden visa will also give you access to all Schengen countries. You won’t need to apply for a separate visa beforehand, you will simply be able to travel within the Schengen zone at your will and stay in each country for a maximum of 60 days at a time.

Better Opportunities for Your Family

Countries that offer golden visas understand that investors have families, meaning that most will also extend all of their golden visa opportunities to relatives of the investor too. This means that your children and your spouse can benefit from being able to live and work in another country, giving them access to more education and career choices.

The Option of a Second Passport

A second passport gives you even more rights than a golden visa, but most countries do require people to first have residency there before they apply for a second passport. The permanent resident status granted by your golden visa will set you on the right track to acquiring a second passport in the future.

How to Get a Golden Visa

Golden visa requirements vary with each country, but they all require a certain amount of investment. This is most commonly done by investing in real estate, but there are plenty of other options too, from bank deposits to shareholdings in local companies to venture capital funds.

Your golden visa will need to be renewed every few years, but, as mentioned, you would also be able to apply for citizenship in the future, which will set you up in the long-term.