A common question for investors and individuals interested in the Golden Visa is whether it is necessary to move to the country once the visa is obtained.
Although it may sound paradoxical, many who are willing to invest in one of these programs are not necessarily looking to live in another country. While some do move abroad, most seek the comfort of having an option available to them.
If you are also interested in having a plan B against economic fluctuations and country risk, in this text we will break down the requirements for the “Golden Visa” in Spain, Portugal, Greece, Cyprus, and Malta, so you can make an informed decision.
Spain
Thanks to its climate, culture, and lifestyle, this country is one of the most popular destinations. To obtain the Spanish Golden Visa, you need to invest at least 500,000 euros in real estate. But do you have to move there? Not necessarily. The law does not require permanent residence in the country, just an annual visit to Spain during each visa renewal process, which initially is for 3 years, and then every 5 years.
Portugal
One of the most attractive Golden Visa programs in Europe, Portugal requires a minimum investment of 500,000 euros in investment funds, or a contribution to artistic and cultural projects starting at €200,000. The good news is that you don’t need to move there either. To maintain the visa, you only need to spend a minimum of 7 days a year in the country during the first two years, and 14 days for each subsequent two-year period.
Greece
This country’s Golden Visa requires a minimum investment of 250,000 euros in real estate, one of the most accessible in Europe, although the amount may vary depending on the property’s location. Similar to Spain and Portugal, it is not necessary to relocate to Greece. In fact, there are no minimum residence requirements, meaning you can maintain the visa with just occasional visits to the country.
Cyprus
Cyprus has a Golden Visa program that requires a minimum investment of 300,000 euros. To maintain permanent residency, you need to visit Cyprus at least once every two years. There are no annual stay requirements, which means you can live in another country and only travel to Cyprus when necessary. This is ideal for those seeking a European base without the need to move immediately.
Malta
Malta offers a Golden Visa with a minimum investment of 700,000 euros in real estate, or 600,000 euros in donations to the National Development and Social Fund (NDSF), plus other costs. For those seeking permanent residency, the minimum stay requirement is 2 weeks per year. This provides the flexibility to live and travel elsewhere while maintaining residency status in Malta.
Conclusion
In summary, applying for a Golden Visa in Spain, Portugal, Greece, Cyprus, or Malta does not require you to live permanently in the host country. Each of these countries offers flexibility in their residency requirements, allowing Golden Visa holders to enjoy the benefits without the need for a full relocation.
If you are looking to have this option in your life, for your peace of mind and that of your family, schedule a meeting with our team. We are experts in international mobility, have offices in Europe, and offer top-notch advice on Golden Visas for the mentioned countries.
