Golden Visa Validity:
The duration of a Golden Visa varies by the issuing country. Generally, these visas are valid for 1-2 years, with the option for indefinite renewals. If you reside in the country that issued the visa, you may become eligible for permanent residency and citizenship after a period of 5-10 years.
Including Family in the Golden Visa Application:
When applying for a Golden Visa, you can include your dependent family members. This typically includes your spouse, dependent children, and dependent parents. All family members included in the application will receive the same rights as the main applicant, such as residency and freedom of movement.
Residency Requirements for Golden Visa Holders:
There are usually no residency requirements for Golden Visa holders. You can continue to renew the visa indefinitely as long as you maintain the investment, such as retaining ownership of the property. In some countries, like Greece and Cyprus, you can even rent out the property while you are away.
Using a Mortgage to Obtain a Golden Visa:
You cannot use financial aid, such as a mortgage, to meet the investment requirements for a Golden Visa. The investment must be made with your own funds. However, financing may be allowed for any amount exceeding the required minimum investment. For instance, if the minimum requirement is $300,000 and you purchase a property for $500,000, you must pay the initial $300,000 in full, but you can finance the remaining $200,000.
Additionally, if you opt for a joint investment, each participant must contribute the minimum required amount. The investment requirement cannot be split among multiple investors.