2023-11-15 03:52:34
Pictures of celebrities who have received golden visas often appear on social media. More than 60 countries offer the opportunity to visit, live and invest in their country through Golden Visa and Golden Passport. What is Golden Visa? What is Golden Passport? What are the differences between them and the facilities they offer?
“In the normal course, those who get a golden visa get permission to stay and work in that country for a specified period of time.”
Golden Visa
Golden Visa is another name for Residence by Investment (RBI) scheme. This is a system that gives temporary residence permits to foreigners who invest heavily in their country. A few countries make temporary residence permits permanent subject to certain conditions. Generally, golden visa holders are allowed to stay and work in the country for a specified period of time. There is also a lower limit for residence and investment to get Golden Visa. This varies from country to country. Although the criteria are varied, let’s look at some of the general criteria for getting a Golden Visa.
Must be 18 years of age.
Legally sourced money should be deposited at least in certain amount. The deposit must be completed for the specified period. No criminal background. Must be in good health.
Golden Passport
The Golden Passport is known as Citizenship by Investment (CBI). It is a citizenship and passport issued by countries to foreigners without the requirement of a fixed period of stay. Foreigners holding golden passports get the same treatment as natives in many respects. Although different countries have different requirements, let’s look at some general requirements for Golden Passport.
Must be 18 years of age.
Don’t be from banned countries. A legal financial investment must be made in a certain amount. No criminal background. Must be in good health. Image Credit : Bet_Noire / Istockphotos
Golden Visa V/S Golden Passport
Golden Passport countries such as Austria, St. Kitts, Nevis etc. provide this without the requirement of a fixed period of stay. On the other hand, countries that grant golden visas provide temporary residence permits. Some countries grant permanent residency to those who are on a Golden Visa for a certain period of time.
Saudi Arabia is one of the countries that does not recognize dual citizenship. In many of these countries, the Golden Visa has more attractive facilities than the Golden Passport. Those who get Golden Visa or Passport can travel to countries where the passport of the issuing country is allowed and enjoy the facilities. The Henle Passport Index points out that Golden Passport offers more convenience in this regard.
Image Credit: narvikk / Istockphoto.com
A Golden Passport provides similar facilities to citizens of the issuing country. Meanwhile, there will be benefits for visitors through golden visa. Golden visa holders are allowed to work and study. In case of golden passport, you will be allowed to pay taxes in that country. The difference is that the citizens of the country will get the benefits of social security schemes including health.
English Summary:
Difference between a golden visa and a golden passport.
1700021785
#Golden #Visa #Golden #Passport #Golden #visa #Golden #Passport #Travel #News
