Travelling to exotic places require a documentation process to be completed in order to touch down the lands. Recently Spain has openly spoken on their decision of banning the golden visa pursuits. The urge is due to the spanning unknown threats that might just violate their peace and security. Their point of view has been applauded and bid to further examination for confirmation. Many other renowned countries too found their decision to be quite a thoughtful one as the idea of Golden Visas since permanently their peace, solidarity and security at threat.

What is the idea of Golden visas?

The idea implies you get to permanently reside in a country of choice on account of investing a considerable amount set by the Government contributing towards to their economic development. This led to rising immigrants as their dreams found a way of turning into reality.

Significance of the Golden Visas:

• Permanent residence: The benefit of this visa is you pay only once and after that you and your family members get to settle and work permanently without encountering any legal hustle. At times during the verification process you are granted with the citizenship. A one-time pay and you get to roam and explore the city as you wish.


• Privileges: You get free education, admission to reputed colleges or colleges of your choice without meeting the verification demands. Talking through the privileges just don’t conclude here. Adding to the benefits your children will also get to exercise the autonomy of choosing the schools, universities of their choices even considering the public ones and continue their literacy.


• Healthcare benefits: Availing a Golden visa also provides you the opportunity to secure the treatment from any local organization.


• Tax exemption: As you are contributing towards improving the prevailing economic condition of a particular country you secure advantages when it comes to paying income or other taxes of settling there.


• Conclusion: This is what the idea constitutes which is considered both an advantage and disadvantage for the countries swearing by the idea of Golden Visa.