The Golden Visa is a citizenship or permanent residency scheme in exchange for investment. Foreigners exchange solid contributions to the development of the chosen republic for a wide range of resources. Many regions around the planet offer such schemes. Let’s look at the most popular non-eu golden visa programs.
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UAE Golden Visa
Emirates opens the list of the best schemes. UAE Golden Visa is available to investors over 18 years of age who buy real estate in the region of 2 million dirhams or invest in a business. The document is valid for ten years. After the expiry date, it can be extended an unlimited number of times for a similar period.
Spouses, unmarried daughters without age restrictions and unmarried sons under 25 years old may be included in the application. Moreover, it is allowed to include domestic staff: nanny, cook, etc. The program does not limit the lead applicant to the number of employees.
It is possible to consider several options among the objects of real estate:
- ready-made premises;
- objects in the process of construction with developers who have the necessary accreditation;
- mortgages in approved banks.
In addition to acquiring facilities, it is allowed to invest in businesses. The amount is the same, 2 million dirhams. The dollar equivalent is 544,500. It can be either a new company or a share in an existing one.
Benefits of the UAE golden visa programs
Most often, foreigners are attracted to the financial freedom of the Emirates. For example, there are no income tax or property ownership fees and minimal rates on profits. Thus, in search of ways to increase capital, foreigners enjoy the right to obtain a golden visa.
Golden visa holders can use medical services in the region. Receive quality education in schools and institutions of higher education. The investor is not subject to the requirement of permanent residence on the land or employment.
Residency by investment on the island is available from $150,000. It is subject to a contribution to the national fund. If a migrant wants to buy a living area, the amount will increase by five times. The requirements for applicants are similar in many countries:
- 18 years of age or older;
- no criminal record.
If the investor has chosen to buy the property, he should know that the apartments cannot be sold within five years. However, in this option, the investment can be returned, albeit after several years. But the fund contributions are irrevocable, but the amount is much less.
Suppose relatives are included in the application in addition to the lead applicant. In that case, there is a surcharge for them – $ 50,000 extra for each for fund donations and $100,000 extra for real estate purchases.
Golden Visa programs have some benefits:
- favorable tax environment;
- the right to enter the region despite the restrictions;
- the possibility of obtaining a passport;
- a permanent resting place.
Anguilla can be both a permanent option for vacations and rest and a second home in light of political turmoil.
There are two ways to obtain a residence permit by investment in the region:
- Ten million local dollars in residential properties, commercial, government bonds, stocks, and charities. After three years, the applicant can become a citizen of the land.
- Three million New Zealand dollars into a government fund approved by the authorities.
Once the application is approved, the applicant has one year to invest.
The region does not require applicants to be proficient in English. Second, partners of a married couple as well as dependent children under 24 years of age of the lead applicant can be entered on the application form. Third, the card is issued for 3 or 4 years, depending on the investment option selected. Fourth, the Migration Service checks the holder for compliance two years after receiving the paper. If violations are detected, the permit is terminated, and the migrant can be deported and even banned from entering the territory.
Non-eu residency by investment program is available in many regions. The general parameters for an investor are most often age, no criminal record, and the ability to confirm the legality of their income. Other conditions vary from land to land.
Despite all the simplicity of the schemes, Immigrant Invest specialist Evgeniya Morozova advises seeking help from a migration agency. Professionals will assess the chances of obtaining a golden card, prepare documents, and guide the client from the moment of selecting a country or scheme to obtain a permit. Such support helps migrants save time and money, as well as avoid possible mistakes when processing documents on their own.
The benefits that become available to the applicant justify all the costs. Especially considering that the application may also include relatives supported by the principal applicant. Be sure also to pay attention to the duration of the document, the requirements for its renewal, as well as the conditions for maintaining the status. Each republic defines its own limitations on the time that must be spent in the territory. When investing in the apartment, clarifying the nuances will not be superfluous. States often offer a list approved by the authorities; the purchase of another object will not be able to qualify for a permit.
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