“Many of our clients tie in their long term Legacy Planning with their instruction to us to assist them with securing a Golden Visa”
A “Golden Visa” is the purchase of a permanent residency, immigration and citizenship visa in a foreign country issued by its government to individuals who invest (often through the purchase of property) a certain sum of money into the issuing country.
Golden visas were first issued in the 1980s when tax havens in the Pacific and the Caribbean began "cash-for-passport" programs that facilitated visa-free travel and provided tax advantages.
For example, in 1984, St Kitts and Nevis began its program which offered not only permanent residency but citizenship to foreign nations. The issuing of golden visas expanded dramatically from 2000 onwards with around 25% of all countries issuing such visas as of 2015.
Golden visas require investments of anywhere from $100,000 in Dominica up to £2,000,000 in the U.K.
Portugal's golden visa was introduced during the last recession in order to help attract investment into the country's housing market and by 2016 the country had issued 2,788 golden visas.
Indeed, the most common method for obtaining a golden visa is through the purchase of real estate with a minimum value.
Some countries such as Malta and Cyprus also offer citizenship (often referred to as golden passports) to individuals if they invest a certain amount.
With our experience and expertise in this sector we can make what looks like an expensive and difficult option, affordable and complex free. Our clients live worldwide and we have 15 jurisdiction options. Many of our clients tie in their long term Legacy Planning with their instruction to us to assist them with securing a Golden Visa in the country of their choice.
In an increasingly global yet uncertain world, investing for a second residency and citizenship has seen a surge in demand and today’s Golden Visa has become an essential requirement for many high net worth families.
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