The Golden Visa is an investment program aimed at Filipinos interested in making a significant capital investment in a European country in order to obtain a new residence.
The economy of the European Union is the third largest in the world, behind the United States and China. The nominal GDP of the EU was estimated at $18.3 trillion in 2021, representing 22% of the global economy.
The euro, the official currency in 19 of its 27 member states, is the second largest reserve currency, as well as the second currency of world trade, after the U.S. dollar. The euro is the official currency of 25 countries, in the eurozone and six other European countries.
In 2019, 2.7 million people immigrated to Europe.
Visas to obtain residency in Europe
The Golden Visa
The Golden Visa is a residence permit granted to individuals who make significant investments in real estate, company shares or public debt. You can also invest in new ventures that create employment opportunities for citizens of the target country, have a significant socio-economic impact, or have an impact on science and technology.
Our Golden Visa programs provide residency in the destination country and the possibility of unrestricted, visa-free travel within the European Schengen Area.
General requirements for acquiring a Golden Visa in Europe
The following are the general requirements for those interested in acquiring the Golden Visa in Europe:
- Be of legal age
- Not be a citizen of a member country of the European Union.
- No criminal record
- Demonstrate that the principal investor has the financial means to reside in the country.
Benefits of the European Golden Visa
Real Estate Investment
Golden Visa real estate investment is perhaps the most popular way to obtain residency in Europe. This is because countries in the region are seen as prime destinations among real estate investors, with a booming real estate market, high rental yields, and booming tourism industry.
Employment
In the EU, 67.6% of the population between 15 and 64 years of age is employed, with data updated to 2020. There are currently many job opportunities for Filipinos graduates in Europe.
The number of working hours also influences the level of job satisfaction and the quality of life of individuals. The European average is 37 hours of work per week.
Education
Access to education is another of the fundamental vectors for a quality life. Of the 20 best universities in the world according to the QS Global World Ranking, seven are in Europe. By obtaining a Golden Visa in one of the European countries, your children will be able to study in Europe.
Health
One of the benefits of the Golden Visa for foreigners residing in Europe is the availability of a very accessible healthcare system. Quality of life is also reflected in the average life expectancy in Europe, which averages 81.3 years.
Safety
Safety is another important criterion for a happy life. Cases of crime, violence and vandalism create distrust in society and generate fear. Europe is home to some of the safest countries in the world. Living in Europe you can enjoy the peace of mind of strolling down the street, going out with your children to the park, dining out in a restaurant in the evening.
Retirement
The Golden Visa is perfect for those who want to retire in a country that has a pleasant climate most of the year, a relaxed and healthy lifestyle, has a good public health system and where the safety of its citizens is guaranteed.
Main Golden Visa programs
For Filipinos citizens, the most ideal Golden Visas are those offered by Portugal, Greece and Spain.
Golden Visa Spain
The Golden Visa Spain program is aimed at those who want to diversify their investments, give their children a better education, enjoy an optimal healthcare system, retire in a country with a mild climate and high life expectancy or study at prestigious business schools. In short, to any investor who wishes to improve their quality of life.
Characteristics of the program:
- Residency in 60 days
- Minimum investment: €500,000
- Visa-free travel within the Schengen area
- Possibility to live and work in Spain
- Apply to the program together with your family
- Access to nationality after 2 years
Golden Visa Greece
The Golden Visa Greece is an ideal program for investors who wish to diversify their wealth, retire in a Mediterranean country with a temperate climate, enjoy a stable, secure and peaceful life, in a Western country strategically located between West and East.
Characteristics of the program:
- Approval in 60 days
- Minimum investment €250,000
- Visa-free travel within the Schengen area
- Possibility to live in Greece
Golden Visa Portugal
This program is aimed at those people who have as an ultimate goal or want to use as a means to obtain a European residence through an investment in a country in constant development, in which they will not be obliged to actually reside in order to enjoy the rights offered by the program.
Characteristics of the program:
- Approval in 90 days
- Minimum investment €280,000
- Visa-free travel within the Schengen zone
- Possibility to live and work in Portugal
Our ultimate goal is to help you plan where it is more beneficial for you to establish your residence or which citizenship can give you the best quality of life, according to your needs or concerns. Orience’s tax and legal department assesses and studies on a case-by-case basis what is the most appropriate solution based on your overall situation.
Our team will be happy to answer any questions you may have.