Golden Visa

all about Golden Visa

Context: OpenAI CEO Sam Altman became the first person to receive a “golden visa” from Indonesia.

About Golden Visa

A Golden Visa refers to the immigration program which allows wealthy individuals to get a residence permit or even citizenship in another country simply by purchasing a house there or making a relatively large investment or donation.

  • The Golden Visa system essentially offers long-term residency (5 and 10 years) to people belonging to the following groups:
    • Investors.
    • Entrepreneurs.
    • Individuals with outstanding talents the likes of researchers.
    • Medical professionals and those within the scientific and knowledge fields.
    • Remarkable students.
  • Different countries have different options to have a golden visa.
  • In certain countries after getting a Golden Visa, people become legal residents of that country, they can live there, go to school, and get access to healthcare.
  • Residency by investment is a way many countries use to lure foreign investments usually in property or by creating a business that employs a set minimum number of locals.

Eligibility for Golden VISA

Different countries demand different requirement for golden Visa scheme, but most demand:  

  • You have no criminal record. 
  • Evidence of investment funds. 
  • Keeping an investment for the requisite period. 
  • A minimum net worth or a certain amount of cash in the bank.
  • Make a capital investment in a company’s shares/stocks. 
  • Make a capital investment in the country’s public debt or government bonds
  • Create employment opportunities.
  • Contribute to a country’s scientific or technological innovation.

Three Type of Golden Visa Programme

There are three main types of golden visas:  

  • Citizenship by investment e.g., Malta, Montenero.
  • Residence by investment e.g., Canada, Switzerland. 
  • Immigration by investment 

Benefits of Golden VISA

  • Travel to a broad range of countries visa-free.
  • Fast application processing, with some permits issued in just one month. 
  • Opportunities to invest in fast-growing markets. 
  • Whole family Visa or passport eligibility. 
  • Flexible options to progress to full citizenship following a residence by investment application.

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