Golden Visas were made famous through a combination of government PR and the efforts of citizenship by investment firms marketing these programs around the world. Given that Golden Visa investments are typically in the 6-figure range (or even higher), this is not a product for everybody.
It is also not surprising that the client fees associated with these can range from €30,000+.
The price point for Golden Visas is typically justified by the fact that they have incredibly low minimum stay requirements, making them highly suitable as a “Plan B” option. Most Golden Visa holders don’t relocate to their new country of residency – at least not immediately.
These individuals and their families use Golden Visas as an insurance policy, as a place to run to should the situation in their home country deteriorate suddenly.
In exchange for this peace of mind, they are typically happy to buy a home in an overheated property market, paying a significant premium on what the property should be worth with a view to obtain the Golden Visa. Some of them use their Golden Visa property as vacation accommodation or as a second summer home. Others rent it out in order to generate a typically low return on their investment, up until the point they’re ready to retire there.
And this is absolutely fine – for these people.
What Golden Visa marketers and Citizenship By Investment firms typically won’t tell you is that you don’t need a Golden Visa to settle in European countries such as Spain, Portugal and Italy.
Because it is not in their financial interests to do so.
Fortunately, there is a far more affordable way to immigrate to the EU.
For people seeking to relocate and settle in Europe on a long-term (6 months per year+) or full-time basis, there exists a variety of alternative visa options worthy of exploration – and they’re significantly cheaper than your typical Golden Visa…