Why Indian HNI’s love European Golden Visa
Mr. Shah is a 54-year-old businessman. He is the father of two children. The older son is 24 years old and has completed his bachelor’s degree and wants to join his father in his business and expand it, and the younger daughter is 16 years old and planning to study abroad.
Mr. Shah is likewise making preparations for his retirement. As a result, he is seeking PR opportunities in other nations. He eventually chose to apply for citizenship in European countries because living in Europe puts him in close proximity to so many different countries. Europe also has beautiful architecture, rich history, and beautiful countryside. Being a member of the EU allows you the flexibility to travel and live, work and study wherever you want.
From a business expansion point of view, Portugal, Greece, Italy and Malta are some most popular Permanent Residency Programs in Europe.
For Education: UK, Spain, Germany and Austria are some leading Residency Programs.
And For Retirement purposes — Portugal, Malta, Greece, Italy and Austria are some leading Residency Programs.
After performing much research, Mr. Shah determined to take Permanent Residency of Portugal as the investment would be done in Real Estate. Additionally it is good choice to build his business and it’s a beautiful country so he can dwell there after his retirement. He can also apply for citizenship after five years, of he chooses to.
The number of Indians trying to move through the investment route has more than doubled during the pandemic from the previous year. Even as international borders remained largely shut in 2020 and now in 2021 as the results of Covid-19 pandemic, there is a record 62 percent increase in enquiries for investment- based immigration from Indian clients in 2020, and 30 percent higher in the first five month of 2021.
Wealthy Indians are exploring Golden Visa Programs, which confer residency and even citizenship in exchange for a large investment, as they look for an attractive and stable residential option for their families. The typical definition of the Golden Visa is “a European residency offered to persons who are willing to invest in property or real estate in a given country in Europe.” For many Indians, global business links and children’s education in top schools or universities in Europe, the UK or the US, are some of the key factors driving their decisions to opt for the investment visa programs.
European Countries offer excellent investment opportunities for Indians seeking to diversify their investment portfolio and add foreign real estate to the mix. All that is required is a deposit of approximately €250,000 in a designated investment sector — typically real estate, bank deposits, or government bonds — and completion of a routine application process, which can take as little as a few months. Spouses, children, and occasionally even parents can be included on the application, ensuring that the entire family is eligible for residency advantages. These programs can be found all around the world. This means buying a luxurious vacation home in an exotic location in the EU is enough to help wealthy Indians qualify. Many people find investing in real estate to earn a Golden visa appealing because it permits them to travel freely throughout the EU Schengen zone (The Schengen area countries in Europe are: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland and Liechtenstein.) with a residency card. There are a number of countries in Europe offering residency programs or a second passport and citizenship. In order to receive citizenship in a certain EU state through a Golden visa, the applicant must spend a specific amount of time living there. Requirements for citizenship by investment differ from country to country, usually it ranges from 5–10 years.
How to obtain Europe Residency
Wealthy people from outside the EU and Schengen Area can apply for residency in a variety of methods. Although the specific restrictions vary by country, the following choices are typically available:
- Invest in or set up a businesses
- Buy government bonds
- Purchase or invest in property
- Make donations to projects and organizations in the country
BENEFITS OF EUQROPEAN GOLDEN VISA PROGRAMS:
- Get Permanent Residency in months, not years:
It takes only 3–8 months maximum to get the PR in European countries. The processing time is very less compared to other US, Canada and other countries.
- Safe Future for Your Family
Always have a backup plan, get a European residency, which is the most desirable option. Europe provides stability, security, and many other benefits.
- European Education
Your children will have access to the highly-developed European education system at a moderate price.
- European Life
Change your life by living in Europe. Have access to all European opportunities and live in safety and security.
- Free Movement in Europe
Get the freedom of travel. You are allowed to travel throughout the Schengen countries freely.
In recent times, Golden Visa and residency programs have become very popular, with thousands of immigrants turning to them as a way to gain residency in desirable jurisdictions. These programs are usually designed by a country’s government and then offered to foreign nationals seeking to take advantage of the various benefits that come with living abroad The rising availability of Golden Visas in Europe presents a fantastic opportunity for people with financial resources who want a quick and easy way to become a European resident and obtain visa-free access to the entire EU.
