Golden Visa

A Golden Visa is a residency or citizenship by investment scheme that allows individuals to acquire permanent residency or citizenship of a country in exchange for making significant financial investments. These schemes are particularly attractive to high-net-worth individuals seeking to enhance their global mobility, access better living conditions, or benefit from tax efficiencies.

Key Benefits of Golden Visas

– Global Mobility: Golden Visas can provide visa-free travel to numerous countries, increasing the holder’s global mobility.

Access to Education and Healthcare: Residency or citizenship often grants access to the host country’s educational and healthcare systems.

Investment Opportunities: These schemes can present unique investment opportunities in real estate, businesses, or other ventures within the host country.

– Tax Optimisation: Depending on the country, Golden Visas can offer favourable tax regimes for foreign investors.

– Security: A second residency or citizenship can serve as a plan B for families looking for political, economic, or social stability.

Popular Golden Visa Programmes

Portugal

– Investment Options: Real estate purchase, capital transfer, or job creation.

– Benefits: Visa-free travel within the Schengen Area; possibility of permanent residency and citizenship after five years without the need to relocate.

Greece

– Investment Options: Real estate investment is the most popular option.

– Benefits: Visa-free travel within the Schengen Area; no minimum stay requirement.

Malta

– Investment Options: Donation, real estate investment, and investment in stocks or bonds.

– Benefits: Citizenship offers visa-free travel to over 160 countries, including the USA.

United States (EB-5 Visa)

– Investment Options: Investment in a new commercial enterprise that creates jobs.

– Benefits: Pathway to a Green Card, access to the U.S. education system, and the potential for U.S. citizenship.

Choosing the Right Golden Visa Programme

Selecting the right Golden Visa programme depends on your goals, investment capacity, and desired lifestyle. Considerations include:

– Investment Amount: Each programme has different financial thresholds.

– Type of Investment: Options vary from real estate to business ventures or government bonds.

– Residency Requirements: Some countries require you to spend a certain amount of time there to maintain your status or qualify for citizenship.

– Processing Time: The time it takes to obtain a Golden Visa can vary significantly between countries.

SCHENGEN VISA

At XT 24, we possess specialized expertise in assisting our clients with Schengen Short-Stay Visa applications, guiding them through the intricacies of the Schengen visa regime.

In the aftermath of Brexit and the diverse ways in which each Schengen country opts to implement the unified Schengen visa code, we offer practical advice to navigate this labyrinth.

WHAT IS A SCHENGEN VISA?

Before commencing your travels to a country in the Schengen travel area, it is essential to check whether you will require a Schengen Short-Stay Visa.

Depending on your nationality, passport type, and travel purpose, each Schengen country has distinct requirements, and applications are considered individually.

The general principle dictates that you must apply to your main destination country or the country of your initial entry if visiting multiple countries in the Schengen Zone.

A Schengen Short-Stay Visa enables you to travel as a visitor throughout the Schengen area.

LIST OF SCHENGEN COUNTRIES:

Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.

WHAT REQUIREMENTS DO I NEED TO SATISFY?

Specific requirements vary based on individual circumstances and the country reviewing your application but can be generally summarized as follows:

  • Show proof of your travels
  • Demonstrate proof of accommodation
  • Display sufficient funds for the intended trip
  • Indicate your Socio-Economic Status
  • Possess adequate medical travel insurance

HOW LONG WILL MY VISA BE VALID FOR?

The validity of the visa depends on your travel reasons and available evidence, ranging from 3 months to 1 year, etc.

The visa’s validity differs from the allowed stay duration in the Schengen area. Generally, with a Schengen Short-Stay visa, you can stay for 90 days in any 180-day period, calculated on a rolling basis. Ensure careful compliance with Schengen visa rules to avoid overstaying.

XT 24 has experience in assisting clients with comprehensive application bundles, aiming for longer Schengen visa periods, though the final decision rests with each Consulate’s discretion.

TRAVEL DOCUMENT HOLDERS

Post-Brexit, some Schengen countries have opted to impose visa requirements on UK Home Office-issued Travel Document holders.

It’s crucial to note that you may be subject to visa requirements, even if you previously traveled visa-free to certain countries. If uncertain about needing a Schengen visa, reach out to us for assistance.

We provide a service to obtain clarification from relevant authorities on whether clients are subject to visa requirements for specific Schengen countries.

Our complex litigation team at XT 24 also advises those with UK refugee status on the risks of traveling to a third country and how to mitigate those risks.

For more information about our Global and Personal immigration services, please contact a member of the XT 24 team.

Conclusion

Golden Visas offer a pathway to enhanced global mobility, security, and investment opportunities. However, it’s crucial to conduct thorough research or consult with experts to navigate the complexities of each programme and ensure it aligns with your personal and financial objectives.

Human Rights Senior Solicitor
Litigation Partner