Golden Visa V/S Golden Passport: 5 Differences To Know

Image Courtesy: Unsplash

What Are They?

[{"selector":"#anim-12edc54d-d620-45ca-8ccb-4eef47035bd1","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c35f90c-a84b-4cc7-a462-c39796e11e85","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Golden Visa and Golden Passport are two distinct programs offered by various countries to attract foreign investors and individuals. Image Courtesy: Unsplash

Both Are Different

[{"selector":"#anim-3205172e-3753-440e-95fe-aef13b37806b","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f10728cb-6682-4b98-a01a-319679f0d4e1","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Specific details and requirements for both programs can vary significantly from one country to another. Image Courtesy: Unsplash

How?

[{"selector":"#anim-7e4a3ea3-ff32-43a6-a7d4-48f00f65517f","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9091ae3c-bb85-4d00-9970-a07f196f4c8d","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Here's what makes them different: Image Courtesy: Unsplash

1. Purpose & Eligibility

[{"selector":"#anim-c7efba81-a889-43a7-a6f2-033b731c4c85","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9bff95c8-5a8e-43e7-92aa-79522c15e617","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Golden Visa typically offers residency to individuals who make a significant investment in the country. Golden Passport provides individuals with citizenship and a passport in exchange for a substantial financial investment. Image Courtesy: Unsplash

2. Staying Over

[{"selector":"#anim-6e6eefa4-6aaa-4722-9c1c-8743001575fc","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3546136-fcce-44fa-9631-0adb040373ed","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Golden Visa provides residency rights. Golden Passport grants full citizenship. Image Courtesy: Unsplash

3. Investment Requirements

[{"selector":"#anim-7ed95820-9c65-4c43-8233-f871b445beda","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd08927b-9638-4473-a3cd-04e6db6c3e5c","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The required investment for a Golden Visa program is usually lower than that for a Golden Passport.The investment requirements for a Golden Passport are typically higher. Image Courtesy: Unsplash

4. Travel Benefits

[{"selector":"#anim-dd204ccb-0829-4d83-a470-cf698e6c9a04","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eeb38ea4-c6cc-49b8-b0b3-5d62c7ffdb2e","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] A Golden Visa might allow for easier travel within the country. Having a Golden Passport usually grants the individual visa-free or visa-on-arrival access to many countries. Image Courtesy: Unsplash

5. Requirements

[{"selector":"#anim-3ea300f4-9ef8-4e52-bcc3-26884bb68c96","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d3ef4c7-f37f-4091-a6b9-66cad1466a24","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The application process for a Golden Visa is generally faster and has fewer requirements. Obtaining a Golden Passport involves a more extensive vetting process Image Courtesy: Unsplash

[{"selector":"#anim-8195a097-11d6-48f2-ab83-76269f47e37d","keyframes":{"opacity":[0,1]},"delay":20,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Prospective applicants should carefully research the specific terms and conditions of the programs. Image Courtesy: Unsplash