UGLOBAL.COM
These visas are opening doors for investors and families
to have global lives by diversifying their investments in
the European property market. They also allow for the
freedom to live in the country they’ve invested in and
travel anywhere within the EU. Many countries in the EU
allow dual citizenship. Therefore, by becoming a citizen
of two countries, the investor gives his family members
greater freedom, security and mobility.
More than 20 countries or territories worldwide offer
programs like Golden Visas. In Europe, those countries
include Cyprus, Greece, Latvia, Italy, Malta, Portugal,
Spain and the United Kingdom. According to a European
Commission report, nearly all people granted citizenship
in the EU — 87 percent of 863,300 — were citizens from
outside the EU. This is a 19 percent increase compared
to the previous year. This trend shows that there has
been a massive influx of migrants to Europe, where the
economy, benefits and education are top notch.
Golden Visas issued by Schengen states allow visa-
free travel into all 26 Schengen countries. These visas,
however, provide only legal residency and do not
necessarily lead to automatic citizenship. To become
an EU citizen, you must have lived several years in your
visa’s respective country (although the amount of years
varies) and pay taxes. Oftentimes, you also need to learn
the county’s language and demonstrate integration into
the local society.
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