Those who can apply for a Inverstor Visa can easily acquire a second passport, or at least residency in another country, for themselves and their family members.

In recent years, these types of visas have risen in popularity, especially those offered by European Union countries, where a passport or residence permit comes with a host of other benefits, such as freedom of movement in Schengen and access to the EU free market.

Although a Golden Visa automatically comes with a residence permit, there is usually a longer path to getting a passport. Yes, a Golden Visa can eventually lead to citizenship, but you will be required to live in that country for a few years beforehand.

For example, if you apply for a Spanish Investor Visa, you will receive a residence permit even if you do not intend to live in Spain at all. But you can only apply for citizenship after ten years of continuous residence and “ties” to Spain, such as language proficiency.