🛈 {{travelCtrl.partnerLogoObj.content}}

Buy International Travel Insurance Online

Instant Policy, No Medical Check-ups

Country
Geography

highlight_off

Popular Countries (You can select more than one)

Please select geography

Which countries are you visiting? Select Destination of Travel

Leaving date

calendar_today

Return date

calendar_today

Start Date

End Date

Select Number of Travellers

+91 Mobile Number (Optional)

24x7

Missed Call Facility

Affordable

Premium

1-Day Adventure

Activities Covered

Terms and conditions apply*

What Is a Golden Visa? - Eligibility & Application Process Explained

Golden visas are quite popular among wealthy Indians. It offers a long term residency to a certain group of people who want to settle in a foreign country.

Are you wondering 'what is a golden visa?' If yes, keep reading this blog to learn more about it and other related details.

Team Digit

What Is a Golden Visa?

A golden visa is an immigration programme that enables wealthy individuals to acquire a residence permit or citizenship status in a foreign country in exchange for a large investment or purchasing a house over there.

This immigration programme allows high-net-worth individuals to relocate to a suitable country presently or after retirement or become residents of that country. After being a resident of a host country, individuals can enjoy the legal right to live, work, study and access healthcare facilities of that country.

What Are the Eligibility Criteria to Qualify for a Golden Visa Programme?

If you are keen to apply for a golden visa, you must fulfil the following eligibility parameters:

You should personally have the money that you want to invest in a foreign country that offers a golden visa.
You need to prove that you have earned this money through legal means.
If you have any criminal background, you will not qualify to apply for a golden visa.
You need to maintain the investment for a minimum period as set by the Government of the host country.
You need to furnish evidence to show that you are financially stable to take care of your family members, even if you do not wish to stay in the host country for a long time.

Note that this list is indicative, and eligibility parameters may change with each country.

What Are the Ways to Apply for a Golden Visa?

Listed below are the following ways through which you can apply for a golden visa:

You must buy a property in a foreign country where you wish to get citizenship status through a golden visa. The price of real estate may range from ₹ 15,664,767 to ₹ 156,634,990. This is the most common process provided by most countries to apply for a golden visa.
Invest in a company's stocks or shares.
Invest in government bonds or public debt instruments of that foreign country.
Generate employment opportunities in that foreign country.
Invest in innovative scientific or technological projects of the foreign country.

After investing in either of the ways mentioned above, apply for a golden visa at an embassy in your country or a governmental authority located in the foreign country where you want to get the citizenship status.

Which Countries Offer Golden Visas?

Listed below are the countries that provide golden visas:

Antigua and Barbuda
Canada
Austria
Anguilla
Germany
Grenada
Greece
Malta
Ireland
Portugal
New Zealand
Singapore
St. Kitts and Nevis
Spain
St. Lucia
The Cayman Islands
Switzerland
Turkey
The United Kingdom
United Arab Emirates
Vanuatu
United States of America

Does a Golden Visa Help You Get Citizenship Status?

Yes. A golden visa allows you to get a citizenship status in the foreign country for which you have applied for the same, provided you must live in that country for some years in advance. If you take the example of Spain, you are required to spend a minimum of 10 years in this country consistently and should have proficiency in the Spanish language to get a permanent citizenship status in Spain. However, the criteria may differ with each country offering a golden visa.

Can You Include Family Members in the Application for a Golden Visa?

Yes, your dependent family members can apply for a golden visa along with you. Family members include your dependent children, spouse and dependent parents. Every family member that applies for a golden visa can enjoy similar legal rights as you in the host country.

Is It Necessary to Live in Property Bought for a Golden Visa?

No, there is no requirement to live in a property you bought in a foreign country for a golden visa. You can renew your golden visa for indefinite times as long as you maintain your investment, that is, not selling your housing property. Some countries like Cyprus and Greece can also allow you to rent your property while you are not residing there.

With this, this piece about 'what is a golden visa' comes to an end. To conclude, a golden visa allows you to access a favourable lifestyle and other high-quality facilities in a foreign country that issues this permit. So, if you are interested in applying for the same, go through all the pointers mentioned above to avoid hassles during your application.

Frequently Asked Questions

All

What is the validity of a golden visa?

The validity of a golden visa varies with each country that issues it. The validity may range between 1 to 2 years, depending on the country which issued a golden visa.

How long does it take to acquire a golden visa?

The processing time differs with each country offering a golden visa. However, a relevant authority may take 2 to 5 months to process your application request for a golden visa.

Important Articles about Visa Processes

Reason for Visa Rejection

F1 Visa Interview Questions & Answers

H4 Visa Interview Questions & Answers

How to Check UAE Visa Status

UK Visa Application Status

H1B Visa Interview Questions

Schengen Visa Interview Questions & Answers

How to Apply for H-1B Visa

How to Apply for J1 Visa

L1 Visa Interview Questions & Answers

B1 B2 Visa Interview Questions & Answers

L2 Visa Interview Questions & Answers

Diplomatic Visa in India

Immigrant and Non-immigrant Visas

Types of Schengen Visa

Types of UK Visas

What is VEVO

What Is UAE Golden Visa

Visa Requirements for Indian Citizens

What is Visa Waiver Program

What are Indian Visa Fees

Spain Golden Visa

What is Golden Visa

Golden Visa in Germany

Types of Australia Visa

Indian E-Tourist Visa

Indian Visa Application

What is Indian E-Tourist Visa

How to Apply for Visa in India

What is E-Visa

e-Visa Countries for Indians

How to Check Visa Status

Difference between OCI vs PIO

Disclaimer -

Your policy is subjected to terms and conditions mentioned in your policy schedule and policy wording. Please go through the documents carefully.

The information mentioned here about the countries, visa fees and others is taken from different sources. Digit Insurance is not promoting or recommending anything here. Please verify the same before you book your tickets, apply for a visa, buy a travel policy or make any other decision.