Discover the Leading Golden Visa Programs in Europe: Portugal and Italy
Living in ideal conditions is the dream of many people seeking stability and opportunities. Quite often, an economic or political crisis does not provide a chance for further development and prosperity. But to improve the situation, you can change your place of residence.
Many countries offer attractive, mutually beneficial conditions for immigration. Thus, the Portugal Golden Visa program helps wealthy participants quickly obtain citizenship rights in this country after contributing a certain amount to its development. Today in Europe a number of prosperous developed countries offer a similar opportunity. Italy is also among the leaders in terms of conditions and terms. Immigrant Invest experts will tell you about the rules for those who want to participate in the best projects and about the main benefits for applicants in this overview.
Portugal Golden Visa Program: An Overview
The project occupies a special place among successful permanent residence proposals in developed countries. Thanks to flexible conditions, dividends from participation in the Portugal golden visa program are received not only by applicants, but also by the state itself. As a result, different business sectors become profit owners. A powerful incentive is created to develop human resources and improve other important economic indicators.
Candidates for receiving benefits must transfer an amount of at least 500 thousand euros to the country. For this, they are offered the right to live in Portugal for six months, as well as the right to freely travel throughout the Schengen territory.
Advantages of Portugal Golden Visa Program
The program in question is attractive to capital owners who own a business and are not against investing a substantial amount in exchange for significant benefits. Candidates who decide to take part in the process will be able to experience the following significant advantages:
- free travel to all Schengen countries;
- stay in the country for only one week a year to obtain status;
- exclusion of luxury and income taxes;
- the right to apply together with your parents, spouse and supported children.
Taking into account the above benefits, program participants can understand all the privileges offered to them and decide to application.
Applicant Requirements for Portugal Golden Visa
To participate in the project, the applicant must pay at least 500 thousand euros to the state investment fund. This fund must redirect at least 60% of its own finances to Portuguese companies.
To obtain a Portugal residence permit by investment, the applicant must present:
- passport;
- a certificate stating that he has never been prosecuted;
- confirmation of place of residence;
- document from the place of work;
- an identification number.
There are no restrictions on age, diploma, professional skills, or income level in Europe for program applicants.
Italy Golden Visa Program: An Overview
The program for obtaining permanent residence rights in this country is in many ways similar to the Portuguese one. It features leading advantages and attractive prospects for participants. Applicants who fulfill all the conditions are granted a residence permit for two years, with the possibility of extension to three years. According to specialists from the Immigrant Invest agency, Golden Visa in Italy is no worse than alternative offers from other European countries. To become a participant in the Italy Golden visa program, you must transfer at least 250 thousand euros to any innovation. Alternatively, you can enter:
- 500 thousand euros in business support;
- 1 million euros in charity;
- 2 million euros for the purchase of government bonds.
Such conditions are attractive to business owners striving for success.
Advantages of Italy Golden Visa Program
If you have broad financial opportunities and want a better future, then you should not miss the opportunity to live permanently in Italy. The country has created all conditions for people with different interests and tastes. The advantages of this wonderful region include not only a high standard of living, but also many interesting attractions for travel lovers.
Anyone who wants to make a final decision can take advantage of the following benefits programs:
- visiting Schengen states without a visa;
- favorable tax discounts for those who have a residency in the country;
- the opportunity to obtain an Italian passport in 10 years.
The applicants not only have their own benefit from the project, but also provide significant economic assistance to the state, attracting investment into its economy.
Applicant Requirements for Italy Golden Visa
The country imposes rather loyal requirements on applicants for an Italy residence permit by investment. The applicant must be of legal age. You will also need to have no criminal record and a medical insurance policy. The program does not indicate clear wishes for the candidate’s employment, education and availability of financial resources. To participate, you must provide a copy of your passport, identification code and other documents. Once your application is reviewed, you will be granted the right to reside in the country for two years.
Conclusion
The Portugal and Italy Golden Visa programs generally have attractive rules for candidates. Investment amounts are available to wealthy business participants. Mutually beneficial participation in projects allows applicants to link their destiny with countries that are developed in all respects and at the same time make a significant contribution to their economic well-being.
