Looking to obtain a European residency permit? Consider the “golden visa” program, which offers residency to non-EU citizens who invest in the country’s economy.
While the investment required can be substantial, there are some options for obtaining a golden visa that won’t break the bank.
In this article, we’ll explore the cheapest golden visa options in Europe.
Portugal’s golden visa program is one of the most popular in Europe, offering residency to those who invest in real estate or other approved assets.
The investment required is relatively low, compared to other options available. For example, you can invest in a property in a low-density area for as little as €280,000.
Alternatively, you can invest in a property that is more than 30 years old or in need of renovation for just €350,000.
With Portugal’s low cost of living and warm climate, it’s no wonder that so many people are choosing to obtain a golden visa here.
Whether you’re looking for a holiday home or a permanent residence, Portugal offers a range of options to suit all budgets.
Cheapest Golden Visa Programs in Europe
If you are looking for a way to obtain a residence permit in Europe, the Golden Visa program could be a good option for you. The program allows non-EU citizens to obtain a residence permit in exchange for a certain investment in the country.
In this section, we will discuss the three cheapest Golden Visa programs in Europe.
Portugal
Portugal is one of the most popular countries for the Golden Visa program. The program requires a minimum investment of €280,000 in real estate or €500,000 in a fund that invests in Portuguese companies.
The investment must be maintained for a minimum of five years. The program also requires a criminal record check and a health insurance policy.
Greece
Greece offers a Golden Visa program that requires a minimum investment of €500,000 in real estate. The investment can be in one or more properties, and there is no requirement to live in Greece. The program also requires a criminal record check and a health insurance policy.
Learn more about Greece vs Portugal Golden Visa.
Spain
Spain offers a Golden Visa program that requires a minimum investment of €500,000 in real estate. The investment can be in one or more properties, and there is no requirement to live in Spain.
The program also requires a criminal record check and a health insurance policy.
In conclusion, if you are looking for a cheap way to obtain a residence permit in Europe, the Golden Visa program could be a good option for you.
Portugal, Greece, and Spain are some of the cheapest options available.
However, it is important to note that each program has its own requirements and restrictions.
Eligibility Criteria for Golden Visa
To be eligible for a Golden Visa, you must meet certain criteria set by the country offering the program.
Each country has its own set of requirements, but some common criteria include:
✅Age: Generally, you must be at least 18 years old to apply for a Golden Visa.
✅Clean criminal record: You must not have a criminal record in any country.
✅Health insurance: You may be required to have health insurance coverage in the country offering the program.
✅Investment: You must make an investment in the country’s economy, such as buying real estate, making a financial investment, or starting a business.
✅Minimum stay: You may be required to spend a minimum amount of time in the country each year to maintain your Golden Visa status.
Some countries may have additional requirements, such as language proficiency or proof of financial means to support yourself while living in the country.
It’s important to note that each country’s requirements may change over time, so it’s essential to stay up-to-date on the latest eligibility criteria before applying for a Golden Visa.
Additionally, some countries may have limited slots available for their program, so it’s crucial to act quickly if you’re interested in applying.
Conclusion
In conclusion, obtaining a Golden Visa in Europe is a great opportunity for those looking to invest in real estate or start a business in the region.
With the right research and guidance, you can find the cheapest option that suits your needs and budget.
Throughout this article, we have explored the different countries that offer Golden Visas, their requirements, and the costs involved.
We have also highlighted the most affordable options that you can consider.
It is important to note that while some countries may have lower investment requirements, they may also have stricter residency or language proficiency requirements.
Therefore, it is crucial to consider all factors before making a decision.
Overall, a Golden Visa can provide you with a range of benefits, including visa-free travel, access to healthcare and education, and a path to citizenship.
By choosing the cheapest option available, you can maximize your return on investment and enjoy all the perks that come with it.
So, if you are looking to invest in Europe and gain residency or citizenship, a Golden Visa could be the perfect solution for you.
With careful planning and research, you can find the most affordable option that meets your needs and start your journey towards a brighter future.