Immigration is a complex process that involves relocating to another country for various reasons such as employment opportunities, safety, economic stability etc. The applicant must meet a number of requirements set forth by the host nation, and it is common for individuals to become confused by these requirements. In this brief article, we’ll look at some options for obtaining residency that you can use, if you’re planning on relocating to Europe.
Investments
If you plan on moving to another country especially through a golden visa program, you should be aware of citizenship by fund investment route, besides this route there are several other routes available for obtaining a golden visa, such as purchasing property or opening a business in another country. In this way, you benefit from its economy, and in return, you can get a residence permit.
Investing in the fund reduces the application processing time. Usually, under this program, people receive approval within a few months. In addition, the host country eases the requirements for such investors.
You must use the assistance of expert consultancy firms in order to ensure seamless investment and application process. Representatives of foreign countries do not communicate directly with foreigners who want to invest in the economy. Everything happens with the help of trusted companies – licensed agents. They help prepare the set of required papers and applications and pre-screen each investor to eliminate the risk of rejection.
Golden Visa Programs
These programs allow foreigners to invest into their country’s economy and gain residency on the basis of that investment. EU golden visa programs set specific standards for people who want to live in Europe. They can differ dramatically.
For instance, an Italian golden visa program is available for a person who has spent more than 250 thousand euros in the economy, making it possible to do business in the country. You can also buy special bonds (from 2 million euros) or make a non-refundable charitable contribution (from 1 million euros) under the Italy golden visa program.
As a result, the applicant receives the right to live in Italy, As a result, the applicant receives the right to live in Italy travel visa-free throughout the shengen area, and receive medical care and education in local institutions. The applicants can also run their own business and get an Italian passport after a few years.
The Greek golden visa program, which has been operating in Greece since 2013, allows foreigners to obtain a residency for five years (with a right of extension) through real estate investment of minimum 250,000 euros or by investing at least 400,000 euros in various sectors of the economy. Three generations of the Greece golden visa applicant, including children under 21 years of age (further extension is possible until the children reach 24 years of age).
Summary
Such programs are an excellent opportunity for getting citizenship for wealthy people as unfortunately, a high investment threshold tends to become an obstacle for many applicants.
Such programs are an excellent opportunity for getting citizenship for wealthy people as unfortunately, a high investment threshold tends to become an obstacle for many applicants.
