A “golden visa” is a residence permit that some states issue to foreigners for investments in the country’s economy, including for the purchase of real estate. In Europe, the Golden Visa program or its analogues exist in Greece, Spain, Portugal, Latvia, Italy, Malta and Cyprus.
You can read more about the conditions of the “Golden Visa” on our website:
“Golden visa” in Spain
Golden Visa to Portugal
Where can I enter with a “Golden visa”?
One of the advantages of the “Golden Visa” of an EU country is the possibility of visa—free entry to the countries of the Schengen area. For 2021, the Schengen area includes 26 states:
Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland and Estonia.
Also, with a “Golden visa” you can freely visit Albania, Andorra, Bulgaria, Cyprus, Croatia and Gibraltar — these countries are not part of the Schengen area and issue their own visas, but you can enter them if you have a Schengen or a “Golden visa” from one of the EU countries.
To other countries, holders of “Golden visas” receive a visa on a general basis.
How long can I stay in another country?
You can stay in the country that issued the “Golden Visa” for any amount of time.
The other countries of the Schengen area are subject to the same rules as for holders of a regular tourist visa: you can stay in them for up to 90 days every six months.
In Bulgaria, Croatia and on Cyprus can also be spent up to 90 days per half-year. At the same time, the days spent in these countries are not taken into account when calculating the days of stay in the Schengen area.
How long is the Golden Visa valid?
“Golden” residence permits in Greece, Spain and They are valid as long as the property is owned by the investor. However, the residence permit must be extended.
- The residence permit of Greece is extended every five years. Starting November 16, 2021, this can be done online.
- Portugal’s residence permit is extended after the first year, and then every two years.
- The Spanish residence permit is extended twice for two years, then every five years.