Settling abroad is a dream innumerable Indians harbour. In fact, Indians have been migrating to all popular countries across the globe for decades. Therefore, it is more of a tradition than an unprecedented odyssey. However, many nations keep updating their migration policies to attract new immigrants to cater to their domestic demand for skilled and unskilled labour. With enticing opportunities with regard to lifestyle, finances, work culture, etc., people are always on a lookout to grab any opportunity which presents itself to move abroad. Rudraksh Group Mohali is a pioneer in the overseas migration industry. With decades of experience, it shares the details regarding the Golden Visa Program.
What is Golden Visa Program?
At its core, the acquisition of a golden visa, or residence and citizenship by investment, entails the process wherein eligible, screened individuals are awarded either complete residency or citizenship privileges in return for a specified economic investment in the host nation. Golden visa programs provide high-net-worth individuals (HNWIs) with the opportunity to potentially relocate to a desirable jurisdiction — either presently or upon retirement — and become residents of that nation with full legal entitlements, encompassing the right to reside, work, pursue education, and access healthcare services within the country.
The investment by the applicants can be utilized in various sectors. These include government bonds, annual tax contributions as per the Switzerland program, specific language competencies such as per the Austria program, company shares and business creation as in Portugal and Spain, and a points-based test as required by Hong Kong. Additionally, the majority of golden visa programs incorporate a residency stipulation, requiring newly granted residents to spend a designated period within the country to uphold their residency status However, the most prominent one is Real Estate.
Real estate-linked golden visa programs offer the added benefit of expanding relocation or retirement possibilities, in addition to the proven advantages of investing in global real estate. The potential returns over the lifespan of such a hybrid investment encompass the intrinsic value of the asset, rental income, and worldwide accessibility, serving as a definitive safeguard against market and political instability.
Which Countries Offer Golden Visa Program?
The Golden Visa Program legislation is in place in over 100 countries around the world. These nations are located across 5 continents. As a matter of fact, over 60% EU member states have active Golden Visa Programs. The most prominent nations offering this visa program includes:
- UK
- USA
- Australia
- Austria
- Canada
- Costa Rica
- Cyprus
- Greece
- Malta
- Italy
- Malaysia
- Luxembourg
- Mauritius
- Monaco
- Netherlands
- Portugal
- Singapore
- Spain
- Switzerland
- Thailand
- UAE
Contact Rudraksh Immigration Group
In order to know all the details regarding the application process, requirements, formalities and any other doubts, you are free to consult the experienced staff of Rudraksh Immigration Group in Mohali. They have been in this industry for three decades now. Hence, they keep a tab of all the changing policies and rules regarding foreign migration. They can help you plan your migration as per your wishes in a frictionless manner.