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The Belgium Golden Visa: Costs, Requirements, And Benefits

The Belgium Golden Visa: Costs, Requirements, And Benefits

Are you dreaming of a new beginning in the heart of Europe amidst picturesque landscapes and rich cultural heritage? Belgium’s Golden Visa might be the key to unlocking your aspirations. But here’s the million-dollar question: How much does obtaining this prestigious residency permit cost? 

Join us as we learn more about the price tag and delve into every aspect that shapes this once-in-a-lifetime opportunity. 

Let’s get into it:

Overview Of The Belgium Golden Visa

The Belgium Golden Visa, also known as the Investor Visa or Immigrant Investor Program, is a residency program aimed at attracting foreign investors and entrepreneurs to Belgium. It provides a pathway for non-EU nationals to obtain a residence permit by making a significant investment in the country. 

The investment options include donations to public institutions, investment in companies, government bonds or bank deposits, and venture capital funds. The residence permit allows the applicant and their immediate family members to live, work, and study in Belgium. 

After a certain period of continuous residency, applicants may be eligible for permanent residency and, eventually, Belgian citizenship. It is important to stay updated on the program’s requirements and consult with professionals for accurate and current information.

Benefits Of Obtaining A Belgium Golden Visa

Obtaining a Belgium Golden Visa, also known as an Investor Visa, offers several benefits for individuals and their families. Here are some of the key advantages:

  1. Residency in Belgium: The Golden Visa provides a pathway to obtain a residence permit in Belgium, allowing individuals and their families to live, work, and study there. Belgium offers a high standard of living, excellent healthcare, and a strong education system.
  2. Access to the Schengen Area: Belgium is part of the Schengen Area, which consists of 26 European countries with no internal border controls. With a Belgian residence permit, individuals can travel freely within the Schengen Area, which includes popular destinations like France, Germany, Italy, and Spain.
  3. Business and Investment Opportunities: Belgium is known for its business-friendly environment and strategic location in the heart of Europe. Obtaining a Golden Visa opens up opportunities for entrepreneurs and investors to establish or expand their businesses in Belgium and access the European market.
  4. Permanent Residency and Citizenship: Golden Visa holders may be eligible to apply for permanent residency in Belgium after fulfilling the required period of continuous residency. This provides long-term security and stability. Furthermore, after seven years of continuous residency, individuals can apply for Belgian citizenship, which grants them the rights and privileges of an EU citizen.
  5. Family Reunification: The Golden Visa extends to immediate family members, including spouses and dependent children. Families can relocate together and enjoy the benefits of living in Belgium.
  6. High-quality Healthcare and Social Benefits: Belgium boasts a comprehensive healthcare system providing residents with high-quality medical services. Golden Visa holders and their families can access these healthcare facilities. Additionally, they may be eligible for certain social benefits and welfare programs available to residents.
  7. Education Opportunities: Belgium is home to several prestigious universities and educational institutions. Golden Visa holders can enrol themselves or their children in these institutions and benefit from the high-quality education system in the country.

It’s important to note that the specific benefits and conditions may vary, and it’s advisable to consult with immigration professionals or legal experts to understand the full range of advantages associated with the Belgium Golden Visa program.

Eligibility Criteria For A Belgium Golden Visa

To qualify for a Belgium Golden Visa, you must meet the following criteria:

  • Non-EU citizenship.
  • Minimum age of 18.
  • Clean criminal record.
  • Qualifying investment options:
  • Donation of €350,000 to a public institution.
  • Investment of €1 million in a Belgian company, creating or maintaining 5 full-time jobs.
  • Purchase government bonds or a bank deposit of at least €1.2 million for 5 years.
  • Investment of €1.2 million in a venture capital fund.
  • Financial capability to invest.

Cost Of Obtaining A Belgium Golden Visa

The cost of obtaining a Belgium Golden Visa, also known as an Investor Visa, includes several factors. Here are some of the main costs to consider:

Investment Amount: The minimum investment amounts for each qualifying option are as follows:

  • Donation to a public institution: €350,000 
  • Investment in a company: €1 million 
  • Government bonds or bank deposit: €1.2 million 
  • Venture capital fund: €1.2 million

It’s important to note that these are minimum investment amounts, and applicants can invest more if desired.

Administrative and Legal Fees: Applicants may need to pay administrative and legal fees associated with the application process, including consultation fees with immigration lawyers or specialized agencies. The cost of these services can vary depending on the complexity of the case and the chosen service provider.

Due Diligence and Background Checks: Some programs require applicants to undergo due diligence checks to ensure a clean background. Third-party agencies typically conduct these checks, and the associated fees can vary.

Processing and Government Fees: There are various processing and government fees involved in the application process, such as visa application fees, residence permit fees, and other administrative charges. These fees can vary depending on the specific requirements of the Golden Visa program.

Additional Costs: Applicants should also consider additional costs such as document translation, notarization, apostille fees, medical examinations, travel expenses for interviews or visits to Belgium, and any potential costs related to relocating or settling in Belgium.

It’s worth noting that the cost of obtaining a Belgium Golden Visa can vary depending on individual circumstances, the chosen investment option, and the specific service providers involved. It’s advisable to consult with immigration professionals or legal experts to obtain accurate and up-to-date information regarding the costs associated with the Belgium Golden Visa program.

How To Apply For A Belgium Golden Visa

To apply for a Belgium Golden Visa, also known as an Investor Visa or Immigrant Investor Program, you would generally follow these steps:

  1. Choose the Investment Option: Select one of the qualifying investment options, which include donating to a public institution, investing in a company, purchasing government bonds or making a bank deposit, or investing in a venture capital fund.
  2. Prepare the Required Documents: Gather all the necessary documents for your application, including a valid passport, proof of clean criminal record, evidence of financial capability, investment-related documents, and other supporting materials.
  3. Engage with Professionals: Consider seeking assistance from immigration lawyers or specialized agencies familiar with the Belgium Golden Visa program. They can provide guidance, review your documents, and help ensure compliance with the program’s requirements.
  4. Submit the Application: Submit your application and all required documents to the appropriate authority or government agency responsible for processing Golden Visa applications in Belgium. The specific agency may vary depending on the investment option chosen.
  5. Attend Interviews and Provide Biometrics: Depending on the program requirements, you may be required to attend interviews or provide biometric data, such as fingerprints or photographs, as part of the application process.
  6. Wait for Application Processing: The processing time for a Belgium Golden Visa can vary, but you can expect a waiting period while the relevant authorities review and assess your application. It’s important to remain patient during this period.
  7. Receive Residence Permit: If your application is approved, you will receive a residence permit that allows you and your immediate family members to reside in Belgium. The residence permit is initially granted for one year and can be renewed as long as the investment is maintained.

Conclusion

The Belgium Golden Visa allows non-EU citizens to gain permanent residency and eventually citizenship within the European Union. The cost of obtaining a Belgium Golden Visa can vary significantly depending on how you choose to go about it, from purchasing real estate outright or investing in securities. 

With careful planning and thorough research of the available options, you can ensure you get the most out of your Golden Visa investment while staying within budget.