Netherlands cancels golden visas

06.10.2023 The Netherlands has joined a number of EU countries that are closing the Golden Visa investment program.

The Golden Visa program was introduced in the Netherlands ten years ago, but has not gained wide popularity among foreign investors. There are several reasons for this:
• The main one is a high minimum investment threshold of 1.25 million euros. This requirement made the program inaccessible to many potential investors.
• In addition, the program sets strict requirements for applicants, including the availability of a valid passport or other travel document. Also, the applicant must not pose a threat to public order and national security.
• Limited choice of investment objects, as it is necessary to invest in an international company located in the Netherlands, or in a fund corresponding to the SEED scheme, a venture company or a contractual joint venture investing in a local company. This required the transfer of funds to a bank account of a Dutch bank or a bank of an EU member state with a branch in the country.

According to the statement of the Immigration and Naturalization Service of the Netherlands (NLS), the acceptance of applications for residence permits through investments will be discontinued from January 1, 2024.

Source: https://www.schengenvisainfo.com/news/netherlands-to-abolish-golden-visa-from-january-1-2024/#google...