12 countries whose Golden Visa programs allow foreigners to purchase citizenship
Learn about the Golden Visa or Residence by Investment programs, which let wealthy foreigners move to other countries for a variety of reasons. This article lists 13 countries that provide these programs along with key information on requirements, processing times, and advantages. 12 countries whose Golden Visa programs allow foreigners to purchase citizenship
Programs for residence by investment, commonly called golden visas, let wealthy people move abroad to live, work, study, and even receive medical care. For their wealthy clients, changing apartments to a new country or having multiple properties is an essential part of international planning. These programs are provided by several nations around the world to entice wealthy foreign investors.
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Canada
One of the best places in the world to live consistently is Canada. It is renowned for its excellent infrastructure, low crime rate, clean environment, and high level of living.
- The Investment: a creative new company
- Period: 12 to 31 months
- Key advantages: After three years (or 1,095 days) of physical presence over five years, you can apply for citizenship.
2. Australia
Australia is a well-regarded nation that ranks among the richest in the world. It is a developed, multicultural nation that ranks extremely high on the Human Development Index and provides its citizens with a high standard of living, economic freedom, and enough civil freedoms and political rights protection.
- The Investment: Under the Investor Stream, a minimum contribution of AUD 2.5 million must be made
- Period: 12 months
- Key Advantage: It takes about five years to become a citizen.
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3. Greece
Greece provides its citizens and residents with a variety of comforting advantages as an EU member state, including high levels of safety and security, good educational possibilities, comprehensive healthcare alternatives, and a trustworthy rule of law.
- Investment: A €250,000 real estate commitment.
- Period: One to two months from application submission to approval
- Key Advantages: The freedom of movement to Greece and the Schengen Area of Europe is a major benefit.
4. Austrian
One of the richest nations in Europe, Austria provides its citizens with a very high standard of living. Austria is a fantastic place to live thanks to its beautiful natural attractions and a strong, stable economy.
- Requirements: German language proficiency, a minimum of 40,000 euros in liquid assets, a place to live permanently, and private health insurance
- Period: One to three months from application submission to approval
- Key Advantages: The freedom of movement to Austria, the rest of the EU, and the Schengen Area of Europe is a significant benefit.
5. Ireland
Ireland is poetically known as the “Emerald Isle” because of its beautiful landscapes and rich vegetation. It is situated in Western Europe in a strategic location on important air and sea connections between North America and Northern Europe. On the UN’s Human Development Index, the nation is among the top five most developed, while the 2022 Index of Economic Freedom has its economy in third place.
On February 15, 2023, the Ireland Residence by Investment Programme came to an end.
- Investment: A minimum of EUR 500,000 is required.
- Time Period: Nine to twelve months for processing
- Key Advantages: The freedom of mobility to Ireland and the Common Travel Area are two major advantages.
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6. Cyprus
Cyprus is regarded as the perfect location for non-EU people to establish permanent residency because of its stunning beaches and tropical Mediterranean environment.
- Investment: Under an application for Regulation 6(2), a minimum investment of EUR 300,000.
- Time Period: Two months (or 18 months in the case of a Category F application).
- Key Advantage: Cyprus residency and education rights
12 countries whose Golden Visa programs allow foreigners to purchase citizenship
7. In New Zealand
One of the most stable and well-run countries in the world, New Zealand is a desirable location for both business and family life. When it comes to protecting investors, establishing a firm, and convenience of conducting business, the nation is consistently rated among the top 10.
By making a sizeable investment in the nation, foreign nationals can become permanent residents of New Zealand under the country’s immigration and investment policy.
- Investment: A $5,000,000 minimum investment is required.
- Time period: 8–9 months
- Key Advantages: After five years of residence, citizenship eligibility
8. Panama
Panama is a global center for international banking because of its advantageous location halfway between Central and South America. Investors have access to the world’s commercial goods markets from the USA to East Asia, Europe, and Oceania thanks to the Panama Canal, which connects the Atlantic and Pacific oceans.
Foreign nationals may invest in Panama and apply for a residence permit under the Panama Residence by Investment Programme, often known as the Panama golden visa.
Investment: A $100,000 minimum investment is required.
Time times: range from four to six months for Friendly Nations and Forestry Investor applications, to 30 days for Qualified Investor applications.
Key advantage: the freedom to travel to Panama
12 countries whose Golden Visa programs allow foreigners to purchase citizenship
9. Singapore
Singapore’s excellent infrastructure and public services contribute to its consistent ranking as the best Asian city to live in. It offers its citizens an excellent quality of life and one of the lowest rates of crime in the entire globe. It is among the richest nations in the world when evaluated by GDP per person.
Through the Singapore Global Investor Programme, foreign nationals can apply for permanent residency status. The program is intended to draw wealthy foreign nationals who want to make Singapore their home and is targeted at business owners or investors who are interested in making sizable financial investments in Singapore.
Investment: A minimum investment of SGD 10 million is required.
Time Period: Nine to twelve months for processing
Advantages key: Citizenship after two years of permanent residency
10. Switzerland
Switzerland is one of the best places to live and offers its citizens a high standard of living. It is known for its multicultural and linguistic society, its politically and economically stable climate, and the fact that it is home to many international organizations.
Regardless of age, those who are financially independent, do not have a job in Switzerland but agree to pay a minimum amount in net annual taxes, can apply for a residence permit.
- Investment: Depending on the applicant and the canton of domicile, minimum yearly taxes of CHF 250,000
- Time period: 3–6 months
- Key Advantages: The ability to live and study in Switzerland is a major benefit.
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