In this article, we take a look at the top 5 countries that hand Golden Visas out. For a detailed and comprehensive analysis, go to What are Golden Visas and 10 Countries that Hand Them Out?.
5. Cyprus
Golden Visa Investment: $315,000
Cyprus Golden Visa program offers two pathways for non-EU nationals to live and work in the country. The first option entails a minimum €300,000 (approximately $315,000) investment in real estate, land development, or infrastructure projects, alongside an annual income of €30,000 (approximately $31,500) from non-Cyprus sources and a €30,000 (approximately $31,500) deposit in a Cypriot bank for three years. The second option involves a similar €300,000 (approximately $315,000) investment, this time in financial assets of Cypriot companies or organizations, with the same income and deposit requirements.
4. Greece
Golden Visa Investment: $270,000
The Greece Golden Visa program has recently seen changes in its investment requirements. Specifically, the increased investment threshold of €500,000 (approximately $540,000) will apply to prime areas such as the Regional Units of Northern Athens, Central Athens, Southern Athens, as well as Vari, Voula, Vouliagmeni, Thessaloniki, Mykonos, and Santorini. These areas constitute 10% of Greece’s total territory. The remaining 90% of the country will remain accessible to foreign investors with an investment of €250,000 (approximately $270,000).
3. Italy
Golden Visa Investment: $273,000
Italy is yet another comparatively cheaper Golden Visa country in 2023. The Italy Golden Visa program, launched in 2017, allows non-EU/EEA and non-Swiss nationals to obtain a residence permit through investments in Italy. Investors can choose from four investment options with varying amounts and conditions. The application process involves document submission, fees, and an interview, usually taking two months. Initially, the permit is valid for two years and can be renewed for three more.
2. Portugal
Golden Visa Investment: $263,000
The Portuguese Golden Visa program offers the opportunity to reside and work in Portugal, as well as travel freely within Schengen countries without the necessity of a visa. Moreover, after a five-year period, individuals opting for Portuguese citizenship can obtain a Portuguese passport, granting visa-free access to 186 countries. Portugal offers a tax-friendly environment, with no tax liability unless you spend more than 183 days per year in the country.
1. Malta
Golden Visa Investment: $140,000
Malta is the cheapest Golden Visa in Europe. Investment possibilities under the Malta Golden Visa program encompass two primary routes. Firstly, the Malta Permanent Residency Program (MPRP) at a minimum investment of $140,000 grants participants a Maltese permanent residence permit, with the opportunity to obtain Maltese citizenship through naturalization after residing for five years. Alternatively, investors can pursue Maltese citizenship through the ‘Citizenship by Naturalization for Exceptional Services by Direct Investment’ program, which awards a Maltese passport after three years of residency, or, through an expedited scheme with a higher investment, within just one year.
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