By Source
MSN Online
While we are seeing very unrest in our surroundings
with so many reasons, one of the biggest reason is political mess around us in India,
in this atmosphere some of us want to explore the world. If you have been
contemplating moving to a new country, Golden Visas are there to help you. Some
countries allow citizens from other countries to obtain a residence permit or
even citizenship.
To get a Golden Visa, you can make
a large investment, make a donation, or purchase property in the country you
wish to move to. Below are the countries offering Golden Visas to Indians for
those also who may not intend to live there. In this article, we feature some
of the countries for your reference.
According to the data and sources where Indians can
get a Golden Visa to these countries like:
Portugal:
Portugal offers one of the world’s
most popular Golden Visa programs. To obtain residency in Portugal, one must
invest a minimum of EUR 5,00,000 (Rs 4,07,70,812 approx.) to buy a
property. If you are seeking residency in a low-density area, you’ll have to
invest at least EUR 4,00,000 (Rs 3,26,16,650 approx.). You will also be
eligible to get permanent residency or citizenship after five years of making
the investment. The reason why most wealthy people apply for a Golden Visa
in Portugal is the fact that
they can get a second passport, which also grants them access to the EU and
Schengen Area.
Singapore:
To be eligible for the Singapore
Golden Visa, one must invest at least SGD 2.5 million (Rs 14,02,20,537 approx.)
in either an existing business or set up a new business. You may also invest
the same amount in an approved fun in Singapore or establish a single-family
office there. That’s not it. You’ll also be required to have prior business
experience and furnish your company’s financial accounts after audit. The
Golden Visa program of Singapore allows you to get permanent resident status.
You may also apply for citizenship after two years of becoming a permanent
resident in Singapore. However,
you won’t be able to have a dual citizenship.
Canada:
To get the Canada Golden Visa, the
country has numerous investment programs on offer. The most frequently used of
them all is the Quebec Immigrant Investor Program (QIIP). Under this particular
program, one has to make a bond contribution of a minimum amount of CAD 1.2
million (Rs 7,28,51,976 approx.). You can apply for citizenship after three
years of making the investment. To avail of the rest of the investment
programs, you have to reside in Canada for a
minimum period of 183 days during a span of three years. This will make you
eligible for citizenship.
The
United Arab Emirates:
While the UAE offers permanent
residency by investment, you can’t seek citizenship by investment. The middle
eastern country has 5-year and 10-year residency programs under the Dubai
Golden Visa plan. If you want to be eligible for the 5-year program, be
prepared to make an investment of at least AED 5 million (Rs 10,63,20,990
approx.) in a property in the UAE. For the 10-year plan, you’ll have to make an
investment of AED 10 million (Rs 21,26,41,981 approx.) in public
investments. You may also avail this plan if you are someone with exceptional
skills and talents.
The United Kingdom:
Indians have always had a special
connection with the UK. The European nation offers permanent residency by
investment. Under its immigration program, the UK has a Tier-1 Investor visa if
you have the necessary funds to invest. You will have to make an investment of
at least GBP 2,000,000 (Rs 19,00,29,131 approx.) in a regulated financial
institution. You can also apply for British citizenship after a few years if
you qualify.
Spain:
To get a Golden Visa for Spain, you
will have to apply for its residency-by-investment program. The program lets
you be a permanent resident after five years of making an investment. The real
estate investment should be of at least EUR 500000 (Rs 4,07,68,000 approx.).
Once you start living in Spain and complete ten years, you can also get
citizenship. Even after getting a Golden Visa through investment, you will be
required to continue renewing your permit in a span of every two years until
you gain permanent residency.
Switzerland’s:
Switzerland’s Golden
Visa program is nothing like those of the other nations on this list. You don’t
have to buy real estate. You don’t have to invest in either funds or government
bonds. You just have to show proof of paying annual taxes between CHF 150,000
(Rs 1,17,66,003 approx.) and CHF 1 million (Rs 7,84,40,025 approx.). If you
want Swiss citizenship too, you will have to live there for a minimum of 10
years.
Greece:
Greece is also one of the
most-loved countries by Indians. There has been an increased demand for the
Greece Golden Visa among Indian citizens. As an Indian, you can be eligible to
get a permanent residency in Greece if you are a Non-EU citizen and ready to
make an investment of EUR 250,000 (Rs 2,03,84,000 approx.) in real estate. You
can also purchase a plot of land worth at least EUR 250,000.
Malta:
And last on our list is Malta. To
get a Golden Visa for Malta, you will have to be at least 18 years old. Your
minimum income should be EUR 100K (Rs 81,53,600 approx.) per annum or you
must have a capital of EUR 500K (Rs 4,07,68,000 approx.). You will have to buy
a property worth at least EUR 320K (Rs 2,60,91,520 approx.) or rent one for at
least EUR 12,000 (Rs 9,78,432 approx.). You will have to submit an admin fee to
the Malta government of EUR 30K and invest at least EUR 250K (Rs 2,03,84,000
approx.) in government bonds for 5 years.