3 Myths of the Golden Visa Debunked
Although golden visas were launched three decades ago, the topic is still subject to a bit of misinformation. To clear things up, we’ve debunked a few myths about the golden visa.
Myth 1: It takes a long time to obtain a Golden Visa
Fact: While applying for a standard visa can be a lengthy process, many countries have streamlined their process for Golden Visas. Very often, applicants can get their residence permit in a matter of months. With Vanuatu offering a 3 month turn around.
Myth 2: Golden Visas are inaccessible, and the rules are strict
Fact: While most countries have strict rules regarding who can apply for a standard visa, golden visas work differently. Many countries are eager to welcome the financial investment from abroad, so there are no professional or economic requirements or restrictions.
Myth 3: Golden Visas are difficult to understand.
Fact: On the contrary, counties that offer golden visas often aim to lay out the terms simply and clearly. At the end of the day, they are aware that when applicants understand the multiple investment options, the fees associated with each, and the eligibility criteria, they are more likely to proceed with the process.
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