The short answer, yes. There are around 30 countries that currently offer Golden Visa Programmes. Including Spain, Portugal, Greece and Cyprus, which are known as some of the more popular Golden Visa Programmes. Let’s take a better look at these top 4 countries and what their programmes have to offer. 

Spain 

Warm weather, a relaxed lifestyle, excellent cuisine, and welcoming culture. Spain’s diverse geography and climate allow retirees plenty of options when choosing where to settle down. 

Although Spanish is the country’s official language, most people speak English as a second language, and as such those relocating can easily get by without learning the native language, especially if you choose to live in one of the more popular cities along the costa del sol.

Whilst cost of living can vary a lot, location depending, Spain is one of the least expensive countries in Europe, offering great value for money both in terms of property and in day-to-day living, as well as high quality, yet affordable healthcare, with it being the second least expensive country in Europe (beaten only by Portugal). 

Spain Residency by investment programme starts from €500,000.

Portugal

Portugal enjoys year-round sunny, warm climates and some of the most stunning coastlines and beaches in Europe. This, alongside the low cost of living and good value for money in terms of real estate, makes it no surprise that Portugal has been rated one of the happiest places to live in the world for expats. 

Residents can also enjoy attractive tax incentives and visa-free travel throughout the Schengen Area. Plus, applicants who choose this programme will have the chance to gain Portuguese citizenship, with individuals able to apply for a Portuguese passport, and subsequently European citizenship, within a 5 year period. 

Whilst there are several routes to Portuguese residency, possibly the easiest for those wishing to retire to the country would be through investing in real estate. Individuals just need to purchase a property valued at EUR 250,000 in order to be eligible.

Greece

Greece is perhaps best known for its sun-drenched islands, and vibrant history dating back to ancient times.  From its mountainous countryside, buzzing cities, to relaxing and laid back island life Greece is a highly diverse country and a great option for those looking to retire there.

Whilst the main cities of Greece can be more on the pricier side, there are a number of hidden gems throughout the nation where living is highly affordable, offering great value for money in terms of property and living expenses. Residents can also enjoy the country’s excellent standard of free healthcare, especially in larger hubs such as Athens. 

With that being said, English is not widely spoken throughout the country, except for the highly popular tourist spots, so It is worth bearing in mind that if you are looking to settle down in these areas they can be a lot pricier.

The process for obtaining Greek residency is arguably the most simple, and one of the cheapest in Europe. Individuals simply need to purchase a property with a value of at least €250,000, and they will gain residency immediately with no strings attached, including no minimum stay requirements. 

Cyprus 

Over the past few years, Cyprus has become an increasingly popular destination for families looking for a second home or retirement destination. Whilst a relatively small island nation, the country has a large population of British, Chinese and American expatriates, and as such, English is widely spoken throughout the country, even in some of the smaller, more rural areas.  

The year round sunny climate, low costs of living, and gorgeous beaches will no doubt have played a part in this, but one of the most attractive benefits of Cypriot residency is the low taxation rates. 

The country offers a fantastic standard of free healthcare for residents, which is an important factor for those looking to retire here. However, it is important to note that unlike the other European countries that offer residency by investment, Cyprus is not part of the Schengen area, so if you are planning on traveling around throughout Europe in your Golden years, you will not automatically be granted visa free travel. Another thing to consider is that Cyprus’ investment programme does not lead to citizenship.

To gain Cypriot residency, applicants need to invest at least €300,000 into real estate. 

Other Golden Visa countries include the UK, Malta, Italy, Brazil and many more, the full list can be found here.

If you wish to find out more about these programmes, get in touch with us today and book a free consultation with one of our experts.