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How does a golden visa program work?

Lifestyle | Travel

How does a golden visa program work?

From qualifying investments to residency permits, here's what applicants need to know

By Poch Eulalia

At A Glance

Some have likened it to depositing funds in your country of choice, rather than in a bank. In return, you get to live there for a set amount of time or even gain citizenship.

A golden visa program is a growing type of travel that has become enticing for business travelers recently. Think of it as an alternative way to reside in your dream country through investments. Some have likened it to depositing funds in your country of choice, rather than in a bank. In return, you get to live there for a set amount of time or even gain citizenship. What most might be pondering is whether it’s worth it.

What countries follow the golden visa program?

Among the top countries observing the golden visa program is the US. For the US, President Donald Trump introduced the Trump Gold Card program, where those willing to donate ₱61.8 million ($1 million), on top of a ₱928,372.50 ($15,000) fee, to the US government can gain residency. Several European nations, such as Greece and Portugal, also have their own golden visa programs. For Greece, you can invest ₱17.9 million (€250,000) in a property in Athens, located in the upscale Kastella neighborhood overlooking the Port of Mikrolimano. In exchange, you receive a five-year permanent residence visa, family reunification for up to three generations, visa-free Schengen travel, fast processing, and no minimum stay requirement. Meanwhile, Portugal requires a ₱35.9 million (€500,000) in a private equity fund backed by prime real estate in Lisbon’s central business district. This offers a pathway to citizenship in five years with a minimal stay requirement of just seven days per year.

How can Filipinos avail a golden visa?

In the Philippines, attaining golden visas can be done through agencies like Golden Visa Centrale. Golden Visa Centrale is an international property marketing consultancy specializing that specializes in residency through investment. This month, they are hosting a June roadshow where they highlight the perks and benefits of families who have availed of golden visa opportunities in Greece and Portugal. Exclusive promotions are up for grabs at its events at The Last Chukker Manila Polo Club on Thursday, June 4, and on Friday, June 5, at Shangri-la, BGC.

Related Tags

Travel golden visa program Golden Visa Centrale

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