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A Guide to Belgium’s Citizenship By Investment Program

There are numerous reasons to consider investing in Belgium. This article cannot list all of the causes, but it can provide a basic overview. Belgium is a founding member of the European Union, Eurozone, World Trade Organization, Organization for Economic Cooperation and Development, and North Atlantic Treaty Organization, to name a few. Its capital, Brussels, serves as the official headquarters of various significant organizations around the world. Furthermore, it is a highly sophisticated country that embraces linguistic diversity and political ideas, a standard lifestyle, a well-developed and worldwide recognized education and healthcare system, and a secure environment.

It’s not unexpected that you wish to become a citizen of Belgium. There is now a shortened method for obtaining Belgian citizenship. You must make specific contributions and establish oneself as a person with impeccable credentials. The Golden Visa Program, also known as the Citizenship by Investment Program, is available to provide you with this ‘golden’ chance. What information do you require? Here are some of the most important facts you should be aware of.

Why you should go ahead with it

Golden Visa initiatives are designed to attract foreign investment from non-EU nationals. Through eased procedural criteria, these initiatives provide investors with the possibility to obtain residence permits and, eventually, citizenship. Belgium follows suit.

Many benefits are available once you have obtained a visa. You will be able to live and work in a developed economy, enjoy a safe environment for you and your family members, maintain dual citizenship, have visa-free access to the EU region, access to world-class education facilities, Schengen area access, and complete family residency. In addition, there are tax breaks for enterprises and no minimum stay restrictions for applicants.

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What the investment requirements are

Unlike other Golden visa regimes in Europe, Belgium’s is not well-defined, with many topics left unexplored or dealt with directly. This is also true of investment. While real estate investment is not considered, candidates have various alternative investment options. These include investments in an international holding structure, a Belgian firm, or a company registered abroad that operates through a Belgian holding company. There is no clear need for a minimum investment amount. However, investments frequently exceed EUR 500,000.

The other eligibility criteria are

Aside from investing, there are a few more conditions to check out. These include the applicant being at least 18 years old, having a clean criminal record, demonstrating good character, demonstrating and proving that he or she has legally acquired cash for investment, and having reasonable entrepreneurial experience. A personal visit to the nation is required to get a temporary residence permit. You are entitled to apply for a permanent residence permit after three years of continuous residency on a temporary residence permit.

How to acquire citizenship

To begin, obtain a temporary residency permit. Once you get one, you must stay in the country for a minimum of three years. After that, you can seek for permanent residence. You must have held that permission continuously for at least two years. You can apply for citizenship after five years of continuous stay on the minimum. Aside from that, you must demonstrate proof of legal residence in Belgium, registration in the population register, a clean criminal record, and fluency in any of the three languages, namely Dutch, French, or German. You must also show documentation that you have no outstanding obligations and that you have integrated into the local society.

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What other things you should know

You should be aware that the Belgium Golden Visa program evaluates applications on an individual basis. The processing time for the application is usually between 3 and 8 months. You are free to include your family members, such as your spouse and children. Your family members will be entitled to the same benefits as you. The temporary residence permit is initially valid for one year and can be renewed.

 

Written by PH

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