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A Golden Visa is a type of residency by investment program offered by various countries around the world, that allows foreign investors and their families to obtain residency in a host country by making qualifying investments. The investment requirements and benefits vary as each country has its own specific application process and investment requirements.
Typically, Golden Visa programs require investors to make a significant economic contribution by investing in real estate, business ventures, government bonds or other approved avenues. In return, investors and their families gain the right to live, work, study and even retire in the host country.
For investors looking to invest in Portugal, Bay Street Capital Holdings represents one of the forty approved funds for Golden Visa applications in the country. The firm is working on building and operating boutique hotels in four cities in Portugal, and has secured 45-55% cash back incentives from the Portuguese government. These projects have an estimated IRR of 18.87% and are a great investment option for investors looking to get into hotel investing. In the US, the firm currently operates properties in Lake Tahoe and Los Angeles. Over their duration of operation, these properties have recorded significant profits.
By investing in Bay Street's Alt Path Hotel Fund, investors also have the opportunity to acquire a Portuguese Golden Visa. Our qualified team of investment professionals are well equipped to guide you through the Golden Visa application process and investment requirements. Whether you're looking to diversify your investment portfolio or get yourself established in Portugal, investing with Bay Street will help you take advantage of this opportunity and achieve your long term investment goals.
Take advantage of our expertise and schedule your appointment with us today.
Different countries have different Golden Visa application processes. Here are some common application steps for investors.
Start by researching countries that offer Golden Visa programs and look at the program requirements for each. Be sure to consider factors such as investment requirements, residency benefits and tax implications. This will help you identify a program that aligns with your budget and investment goals.
Depending on the program that you're applying for, check for all the listed requirements and ensure that you have all the supporting documents such as your identification documents, proof of investment funds, criminal background checks, medical certificates and health insurance. Check to ensure that they are all up to date and that they meet the requirements of the Golden Visa program.
With the help of a financial advisor and an immigration consultant, follow the guidelines provided by the immigration authorities for submitting your Golden Visa application. This step may involve filling out the necessary forms, paying application fees and doing language tests where necessary.
Pay close attention to deadlines, submission procedures and any additional requirements specified by the program that you're applying for. Be sure to double check your application materials to ensure accuracy of all information, before submission.
The next step is to submit your application to the relevant authorities and wait for approval. This can be done online or in person, depending on the guidelines of the specific program that you're applying for. Approval for a Golden Visa can take anywhere between 3-18 months.
Once your application is reviewed and approved, you can go ahead and make a qualifying investment according to the specific program that you've applied to. Be sure to monitor your investment portfolio, fulfill residency obligations and stay informed about any changes to the program's rules and regulations in order for you to remain Golden Visa valid.
Once you receive your Golden Visa, ensure that you manage your investments and residency status in accordance with the program's requirements. It is essential that Golden Visa applicants keep track of renewal deadlines and ensure that they maintain compliance with visa regulations throughout their residency, in order to maintain their residence permit.
For investors interested in acquiring a Cyprus Golden Visa, they must invest in either of these options:
For investors interested in acquiring a Greek Golden Visa, here are the investment options:
The Malta Golden Visa is popular among investors due to its efficient application system. To qualify for a Maltese Golden Visa, individuals are required to make any of these investments:
The Portugal Golden Visa program continues to be a popular option for investors since its launch in 2012. To qualify for a Portugal Golden Visa, individuals can invest in either of these options:
For investors looking for Golden Visa investment opportunities in Portugal, invest with Bay Street through our Alt Path Hotel Fund. To learn more about the fund, schedule a session with one of our investment advisors here.
Due to the high standards of living in Spain, the country has become a popular destination for investors seeking a European Golden Visa.
For investors to qualify for a Spanish Golden Visa, they are required to:
Residency by investment and citizenship by investment are both pathways for individuals to obtain legal residency or citizenship in a foreign country through investment. However, there are notable differences between the two programs.
Residency by investment programs also known as Golden visa programs grant individuals the right to reside in a foreign country for a specified period, typically renewable on a regular basis. To qualify for a Golden Visa, investors are required to make a qualifying investment in the host country, such as real estate, in a business or in government bonds.
The primary objective of residency by investment programs is to attract high net worth individuals to contribute to the local economy and create jobs.
Residency by investment does not automatically lead to citizenship in the host country. However, some programs may offer a pathway to citizenship after a certain period of residency or through naturalization.
Citizenship by investment programs on the other hand grant individuals the right to obtain citizenship in a foreign country by making a qualifying investment. Typically, individuals don't need to fulfill any residency requirements for such programs.
Similar to Golden Visa programs, investors are required to make a significant financial contribution to the host country, usually in the form of a donation to a government fund, investment in real estate, government bonds or a combination of these options.
Citizenship by investment programs offer a direct pathway to citizenship, allowing investors to obtain a second citizenship and passport in a relatively short period, usually within a few months to a year.
For investors to qualify for a Golden Visa, they have to make a qualifying investment in the host country. Here are some of the common qualifying investments for Golden Visa programs.
Investing in real estate is one of the most popular options for Golden Visa programs. Investors are required to purchase either residential or commercial properties or enter into lease agreements. These investments contribute to economic growth and job creation.
Investing in government bonds is another common option for Golden Visa programs. By purchasing government debt, investors inject capital into the host country that can go toward infrastructure development and social programs. Generally, government bond investments are a low-risk investment option.
Golden Visa programs often encourage investment in businesses to promote entrepreneurship and innovation. Investors may invest in new or existing businesses, startups, franchises or venture capital projects. Business investments create employment opportunities, drive economic diversification and support local industries.
Some Golden Visa programs require investors to create jobs in the host country in order to qualify for residency. As such, investors are required to set up businesses which create temporary or permanent employment opportunities for local residents.
Making philanthropic contributions to designated funds or programs may also offer investors a way to obtain a Golden Visa. In Portugal for example, one can acquire a Golden Visa by donating €250,000 in support of the arts or cultural heritage.
To qualify for a Golden Visa, these are the general requirements that applicants are required to fulfill. Be sure to check the specific requirements for the program that you're applying for as different countries have different requirements.
Some key benefits of having a Golden Visa include:
Residency rights: Most Golden Visa countries grant investors and their families the right to live, work, study and even retire in the host country. This can enable investors and their families to lead a high quality life.
Visa-free travel: As a Golden Visa holder, you can enjoy visa-free or visa-on-arrival travel to a number of countries worldwide. This can be of benefit to individuals who frequently travel for business or leisure.
Access to quality healthcare and education systems: Another benefit that individuals and families can enjoy is access to high-quality healthcare and education in the host country.
Tax benefits: Many Golden Visa programs offer tax incentives to investors such as no personal income tax and exemptions on foreign income. This can help investors develop proper tax planning and wealth management strategies.
Portfolio diversification: In order to acquire a Golden Visa, investors are required to make a qualifying investment in the host nation. This can allow investors to diversify their assets and portfolio by investing in different geographical locations, which can help with managing overall risk.
Pathway for citizenship: Some Golden Visa programs offer investors and their families a pathway to citizenship after a certain period of residency. This can enable investors to obtain full citizenship rights, including voting rights and eligibility for a second passport.
Legacy planning: Golden Visa programs enable investors to plan their family's future by providing them with residency rights, which can be passed down to future generations.
Bay Street Capital Holdings is an independent investment advisory, wealth management and financial planning firm. With a focus on hotel investing, the firm is keen on growing client portfolios and minimizing overall risk.
To learn more about our Alt Path hotel fund, schedule an appointment with our experts today.
https://www.investopedia.com/how-to-apply-for-golden-visa-7976304
https://csglobalpartners.com/news-a-guide-to-applying-for-a-golden-visa/
https://www.investopedia.com/golden-visa-program-7975290
Bay Street Capital Holdings is a subsidiary of Maridea Global Capital Management. Maridea refers to Maridea Global Capital Management and all of its subsidiaries and affiliates. Maridea Wealth Management LLC, a subsidiary, is a registered investment advisor and may also conduct business under the names of Huckleberry Capital Management and/or Bay Street Capital Holdings.
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