Golden visa or golden card has become popular amongst wealthy individuals to fetch residency or citizenship in a particular country. However, it can vary from country to country for specific reasons, but it is common for all golden visa programs.
Pearl Lemon Visa is the leading name in offering golden visa services that allow people to acquire a golden visa. This company helps render opportunities and advice related to properties, businesses, and funds that will help qualify for the country’s golden visa program. The business is well established in London, England, with a wonderful team of international investment and immigration professionals who help establish individuals and families in different countries.
What is a Golden Visa?
A golden visa is an investment visa that allows affluent people to establish their empires in another country permanently. You may need a lot of money to invest in different forms to get a golden visa. It could be any investment in business or aid donation to government bodies. Requirements can vary from country to country, but the ultimate goal remains the same: moving rich people to the country of their choice.
An Important Point to Qualify for Applying for a Golden Visa:
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Take Possessions
Golden visa services can help take a shortcut in a few countries to purchase a property, but they can never be free of cost. The key feature of the golden visa program is making a purchase of a real estate property by investing a certain amount. But, do not mortgage to finance this property. Instead, it needs to be purchased in cash at the retail price. On purchasing the property, some countries wish that an individual stay for a certain period before they become eligible for residency. While buying a property, the value of the property is taken into consideration by some nations like UAE.
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Language Proficiency
Most rich people have decided that a golden visa comes on conjuring luxurious mansions and private jets. But a golden visa comes with many restrictions, like language proficiency. It means that rich people should be able to understand, write, speak and listen to the country’s common language in which they are interested in opting for a possession. Knowing a language well ensures that the visa applicant has the potential to communicate with officials and natives of the country without any problem. For example, Austria needs the applicant to undergo a language competency test to prove comfort with the language.
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Immediately Start Shifting Your Business
Moving a well-established business from one country to another is great news. The company’s decision to relocate makes the owner eligible for the golden visa. In a few countries like Singapore, foreign investors who proclaim to invest in their country are confirmed for permanent residency.
To get the golden visa, they need to be successful businessmen with a proven track record of financial and entrepreneurship capacity. It specifies that a company’s turnover needs to hit a certain amount to establish its business in a specific country. Start-up companies must provide their business plans and registration as proof to back a position in the country of their choice.
The Benefits Of Golden Visas
Golden Visa programs offer a range of benefits for investors and their families, making them an attractive option for those looking to expand their global mobility and secure their wealth. Here are some of the key advantages of these programs:
- Global Mobility and EU Access: Golden Visas enable visa-free travel to over 120 countries, including unrestricted access to the Schengen Area for those from member states, enhancing global mobility for you and your family.
- Tax Benefits and Economic Opportunities: These programs often provide significant tax benefits, such as exemptions on capital gains tax, and create opportunities for real estate investment, business ventures, or investment in government bonds.
- Security and Quality of Life: Golden Visas act as insurance against economic and political instability, offering a high quality of life, access to world-class healthcare and education, and a favorable investment environment.
- Family Inclusion: Your dependent family members, including spouses, children, and sometimes parents, can also apply for Golden Visas, ensuring collective benefits for the entire family.
- Potential for Permanent Residency or Citizenship: After fulfilling certain requirements, Golden Visa holders may be eligible for permanent residency or citizenship in the host country.
- Ease of Application: The application process for Golden Visas is typically straightforward, with no requirement for language proficiency tests, job offers, or university admissions.
- Tax Optimization and Asset Protection: Favorable tax conditions and the ability to open bank accounts in the host country offer avenues for tax optimization and asset protection.
- Return on Investment: Investments made for Golden Visas, like real estate purchases, can often be recouped, sometimes with additional profit, and properties can be rented out for income.
Conclusion
There are a lot of eligibility criteria to qualify for a golden visa rather than just having cash and moving ahead. Investment and donation even play an efficient role in making a wealthy person eligible for a golden visa program in the country of their choice.
