Golden Visa Rule: Residency and citizenship programs offer many benefits. These include easy access, visa-free travel, and long-term residency and citizenship. Indians get citizenship of countries where there is political and economic stability, investment opportunities, and an English-speaking population.
Golden Visa Rule ; Wealthy people in India are increasingly interested in investing in real estate abroad. A large number of wealthy Indians have invested in property in London. Recently, the United Kingdom has ended its Golden Visa program. There are many reasons for Indians to invest in property abroad. These include global access, asset diversification, better lifestyle options, and strategic planning for future generations.
What is the Golden Visa program?
Many wealthy Indians also invest in real estate in other countries to obtain citizenship. Programs like the ‘Golden Visa’ offer wealthy Indians the opportunity to obtain citizenship of another country. Programs in many countries allow obtaining a second residency through investment. According to Shalini Lama, residency and citizenship consultant and advisor, Indians have been most interested in investing in real estate in Greece, Turkey, Caribbean countries, Malta and Spain.
Benefits of Golden Visa Program
He said that the residency and citizenship programs of these countries offer many benefits. These include easy access, visa-free travel and long-term residence and citizenship. Indian people get citizenship of countries where there is political and economic stability, investment opportunities, English-speaking population. Experts say that Malta is emerging as the first choice for Indian people for residence in Europe. Through the Golden Visa program, Indians are investing in real estate there.
Increased interest in Malta’s Golden Visa program
RIF Trust Regional Director – India Beenu Varghese said that the Golden Visa program also gives people investing in real estate an opportunity to start their own business. It provides permanent residence unlike other programs in Europe. This permanent residence program of Malta is very helpful for people to get citizenship. Apart from this, people do not have to face any kind of language barrier.
More interest after the second wave of Kovid
The trend of getting residence through investment started worldwide during 2011-12. This was after the financial crisis of 2008-09. But, after the delta wave of Covid, the demand for getting residency through investment abroad has increased among rich Indians, NRIs and Global Indians. Many Indians want the option of a second home under Plan B. For this, they are investing under the Golden Visa program.
