GOLDEN VISA- Second Passport: IN WHICH COUNTRY TO INVEST?
Would you like to enjoy great freedom of movement combined with the security and financial advantages that a second or third passport gives you? More and more countries are offering a Golden Visa program to acquire residency or citizenship in exchange for an investment, whether they are the idyllic Caribbean islands or popular European destinations. Here is an overview of the real estate investment options for future citizens of the world. If you Want a second passport? Invest in property than click on the highlighted link and survey our site for best investment plans. Read below the further info about Golden Visa second passport investment plans benefits;
Malta
Boasting a Mediterranean climate all year round and a rich history, it’s no wonder Malta is so popular among those looking for a Golden Visa. To benefit from it, you will have to donate 650,000 euros to the government, pay 25,000 euros for your spouse, 25,000 euros for each child under 17 and 50,000 euros for dependent adults. In addition, you must invest in stocks or government bonds with a minimum value of € 150,000 for five years and purchase real estate with a minimum value of € 350,000. However, a property investment in Malta offers you much more than a second passport, as the property market is booming there.
Cyprus
Another Mediterranean island where you can get a Golden Visa is Cyprus. However, unlike Malta, you will not have to give any contribution to the Cypriot government, much to the delight of investors wishing to keep their capital. The real estate investment threshold is set at 2 million euros, with the additional condition that investors remain the owners for life of real estate in Cyprus with a value of 500,000 euros. In early 2018, in response to criticism of obtaining the Golden visa, the government capped the number passports issued to investors under this regime at 700 per year. However, given that this number had not been reached in the years preceding the application of the cap (503 passports granted in 2017), the situation remains virtually unchanged.
Greece
Greece is the homeland of the Golden visa, as it currently grants a five-year residency visa that can be extended indefinitely on the basis of a real estate investment. If you wish to obtain citizenship, you will need to reside in the country for 7 years before you can submit your application. Deputy Minister of Economy and Development recently announced new plans to extend the Golden Visa, offering residency in exchange for an investment of € 800,000 in government bonds or € 400 000 euros in real estate.
Is the Golden visa right for you?
The final factor to consider is that not all countries allow citizens to have dual citizenship. Therefore, carefully examine the rules in force in the country of your choice, before starting any procedure. Also do some researches on the state of the real estate market to make sure that your investment will pay off. However, whether you are interested in the benefits of global mobility, growing a diversified portfolio, or optimizing your tax position, obtaining a second citizenship through investment might be the right choice. For more info visit our site by clicking on the highlighted link which is mentioned in the first paragraph.
