EU Golden Visa Cost Comparison 2023 (Cheapest Golden Visa Options up to 500K)

Looking for the cheapest EU Golden Visa options in 2023? Below, we look at your Top 10 best Golden Visa options priced between €50K and €500K…

GOLDEN VISA COST COUNTRY PROGRAM INVESTMENT TYPE PROS & CONS ALSO CONSIDER…
€50,000 (investment) + €10,000 (government donation) Latvia Golden Visa Program Capitalization of established small company (legal suppliers can assist with target company research). You can view the official program page for the Latvian Golden Visa by Company Investment option here. PROS: Temporary residency status valid for 5 years (but residency card has to be renewed annually – takes around 7 days). Low minimum stay requirement (i.e. the 7 days required to renew your residency card.) Residency can be renewed indefinitely as long as investment is maintained. An excellent option if EU visa-free travel is your primary objective.

CONS: Citizenship By Naturalization takes 10 years of residency (with PR step after 5 years), and is highly unlikely due to local language requirement (Latvian is exceedingly difficult).  Also, effective settlement is required to naturalize (no absences of longer than 6 months per year during residency phase).

€150K+ Maltese Golden Visa By Property Rental

€175K Portuguese HQA Visa

€200K Portuguese Cultural Golden Visa

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€150,000 Malta Golden Visa Program, formally known as the Malta Permanent Residence Program (MPRP). You can view the official program page for the Malta Golden Visa program here. Malta Golden Visa By Property Rental: From €150,000 (Southern Malta or Gozo), or from €160,000 elsewhere in the country:

€58,000 Government donation; €2,000 Approved NGO donation; €40,000 Administration fee; 5-year property rental agreement (€10,000+ x 5): €50,000+

Total: €150,000+

PROS: Exceptionally affordable Golden Visa option that includes primary lifestyle cost (property rental). Get Maltese (EU) PERMANENT residency status straight off the bat. You only have to visit once every 5 years to renew your residency card. Malta can be an exceedingly tax-efficient place for foreign residents.

CONS: Malta is an island – as a longer term living location, it can feel quite small and restrictive. While you can become a citizen there through naturalization after 5 years, you’ll have to learn the Maltese language first.

€50,000 Latvian Golden Visa

€175K Portuguese HQA Visa

€200K Portuguese Cultural Golden Visa

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€200,000 Portugal Cultural Production Golden Visa (Artistic Support Investment – Low Density Areas) Invest in the production of a Portuguese feature film that is pre-sold to distribution outlets and get a Cultural Golden Visa under Order no. 2360/2017, of 20 March.

Earn a guaranteed return of 4% p.a. Principal guaranteed.

PROS: Cheapest Portuguese Golden Visa option – only €200k in low-density areas (otherwise €250K). Tax exempt investment. No maintenance or registration fees. Only GV option featuring a 15-day government pre-approval step (no funds committed prior to pre-approval). Only Golden Visa application submitted by a designated public entity. Fastest processing time of all Golden Visas (6-7 months). Possibility of early return of capital (subject to an early exit penalty). Capital and guaranteed returns backed by notarized deed. Only 1 visit required. Film productions received an exemption from general pandemic confinement regulations, so filming was allowed to continue during much of the pandemic.

Note: This option is offered subject to client slot availability in rurally based film production projects.

CONS: Relatively new program, so some teething issues could be expected.

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€280K Portuguese Golden Visa (Guaranteed Buy-Back Real Estate option).

€200,000 Portugal Cultural Heritage Preservation Golden Visa (Donation – Low Density Areas) Make a non-refundable donation towards the restoration and maintenance of Portugal’s national cultural heritage in a low-density area (NUTS III definition), under Order no. 2360/2017, of 20 March. PROS: Cheapest Portuguese Golden Visa option – donation of only €200k in low-density areas (otherwise €250K). No maintenance or registration fees. Only GV stream featuring a 15-day government pre-approval step (no funds committed prior to pre-approval). Only Golden Visa application submitted by a designated public entity. Fastest processing time of all Golden Visas (6-7 months).

CONS: Donation, hence entire principal is forfeited.

Portugal Cultural Production Golden Visa (Artistic Support Investment – Low Density Areas)
€250,000 Portugal Cultural Production Golden Visa (Artistic Support Investment – Outside Low Density Areas) Invest in the production of a Portuguese feature film that is pre-sold to distribution outlets and get a Cultural Golden Visa under Order no. 2360/2017, of 20 March.

Earn a guaranteed return of 4% p.a. Principal guaranteed.

PROS: Second cheapest Portuguese Golden Visa option. Tax exempt investment. No maintenance or registration fees. Only GV option featuring a 15-day government pre-approval step (no funds committed prior to pre-approval). Only Golden Visa application submitted by a designated public entity. Fastest processing time of all Golden Visas (6-7 months). Possibility of early return of capital (subject to an early exit penalty). Capital and guaranteed returns backed by notarized deed. Only 1 visit required.

CONS: Relatively new program, so some teething issues could be expected.

€200K Portugal Cultural Production Visa option (if available at the time)

€175K Portuguese HQA Visa  (if you’re planning on launching a startup, or expanding an existing overseas business in Portugal, etc).

€250,000 Portugal Cultural Heritage Preservation Golden Visa (Donation – Outside Low Density Areas) Make a non-refundable donation towards the restoration and maintenance of Portugal’s national cultural heritage outside of a low-density area (NUTS III definition), under Order no. 2360/2017, of 20 March. PROS: No maintenance or registration fees. Only GV stream featuring a 15-day government pre-approval step (no funds committed prior to pre-approval). Only Golden Visa application submitted by a designated public entity. Fastest processing time of all Golden Visas (6-7 months). Film productions received an exemption from general pandemic confinement regulations, so filming was allowed to continue during much of the pandemic.

CONS: Donation, hence entire principal is forfeited.

Portugal Cultural Production Golden Visa (Artistic Support Investment – Low Density Areas)
€250,000 Italy Golden Visa Program (Tech Startup Investment Option) Invest a minimum of €250,000 in an innovative Italian startup to obtain the Italian Golden Visa. PROS: A fast application process – as little as 3 months. Visa is approved and 2-year residency is issued prior to you having to commit your capital to the startup business. One of the only EU Golden Visa programs without any minimum in-country presence requirements. Investment options can be tailored to lead the eventual acquisition of a real estate asset. Take advantage of Italy’s €100K Flat Tax Regime for HNWIs.

CONS: The Italian Golden Visa is fairly new, so relatively few applicants have been approved to date, and none have naturalized yet. Startup investments typically carry a significantly higher degree of risk than, say, real estate investments.

€50,000 Latvian Golden Visa

€175K Portuguese HQA Visa

€200K Portuguese Cultural Golden Visa

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€280K Portuguese Golden Visa (Guaranteed Buy-Back Real Estate option)

€250,000 Greece Golden Visa Program (Real Estate Option) Acquire either a residential or commercial property to the value of €250,000+ and obtain a Greek Golden Visa.

You can check out the official program page for the Greek Golden Visa here.

PROS: Acquire residential or commercial property ANYWHERE in Greece (unlike in Portugal, where residential properties in Lisbon, Porto, the Algarve region and coastal properties are no longer eligible under the country’s Golden Visa program). Greece’s property market is not nearly as overheated as Portugal’s market. You can therefore expect to get more bang for your buck here.

CONS: Greece’s public finances and banking sector aren’t exactly confidence inspiring. It’s faster to naturalize in Portugal (5 years vs 7 years), and unless you speak Greek fairly fluently, you’ll not be able to qualify.

€50,000 Latvian Golden Visa

€175K Portuguese HQA Visa

€200K Portuguese Cultural Golden Visa

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€280K Portuguese Golden Visa (Guaranteed Buy-Back Real Estate option)

€280,000 Portugal Golden Visa (Real Estate Option) Acquire and hold an eligible €280,000 real estate asset to obtain a Golden Visa. You can check out the government’s program page here. PROS: Guaranteed buy-back options in the touristic sector available at 0% yield (minimum holding period of 5 years).

CONS: Eligible real estate tends to be either residential properties that are older than 30 years in remote, low-density areas, or share scheme investments (i.e. not title-deeded property and lower potential appreciation). Unless you opt for a 0% yield, guaranteed buy-back option, future lockdowns and international travel restrictions could negatively impact your potential yield.

€175K Portuguese HQA Visa

€200K Portuguese Cultural Golden Visa

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€500,000 Spain Golden Visa (Standard Real Estate Option) Acquire and hold any Spanish property worth €500K for a minimum of 5 Years+ (or until PR or Citizenship) PROS: It’s Spain.

CONS: The capital requirement for the Spanish RE option is substantially higher than that of Greece (€250K for any property until 31 April 2023) and Portugal (€280K). Unless you’re from a former Spanish territory, you will have to be legally resident in the country for 10 years before you can naturalize. Spanish taxation is heavy.

€250K Greek Golden Visa (prime residential locations in Greece are eligible).
€500,000

(€350,000 effective capital outlay)

Spain Golden Visa (Proprietary Commercial Real Estate Option) Acquire and hold a proprietary Spanish commercial property worth €500K for a minimum of 10 years+ (or until PR or Citizenship), and receive 10 years’ ROI @ 3% p.a. up-front.PROS: A lower effective capital requirement, with full 10-year ROI delivered up-front. PROS: Acquire and hold a proprietary Spanish commercial property worth €500K for a minimum of 10Years+ (or until PR or Citizenship), and receive 10 years’ ROI @ 3% p.a. up-front.PROS: A lower effective capital requirement, with full 10-year ROI delivered up-front.

CONS: A longer minimum hold period.

€250K Greek Golden Visa (prime residential locations in Greece are eligible).

€200K Portuguese Cultural Golden Visa

Get started on your Golden Visa application today

Golden Visas priced from only €50,000 in Latvia, and €200,000 in Portugal. Contact us now to learn more.

Golden Visa program requirements tend to get more restrictive over time. Don’t delay – secure your Plan B today.

    Golden Visa price comparison for 2023 compiled by…

    Andre Bothma Administrator
    Founder D7 Visa
    Born in Cape Town, South Africa, Andre is a seasoned digital entrepreneur with extensive experience working in the demand-side of the Residency and Citizenship By Investment industry. He has been writing about Golden Visas, Citizenship By Investment and investment migration programs for over six years, and has frequently written and been interviewed by industry-leading RCBI publication, IMIDaily.com. Andre is a D7 Visa holder and Portuguese resident himself. Having identified a gap in the market for affordable European immigration solutions outside of Golden Visas, he launched D7 Visa to help more foreign individuals and families settle in Europe without the need for property investment. Andre is a regular contributor to the pages of Sovereign Research, a leading international diversification publication catering to a global audience. He is also one of the earliest global promoters of the HQA Visa Program and the Cultural Golden Visa program. Andre spends half his time in Porto, Portugal.