Golden Visa Program generally refers to instances where governments have opted to formally package and promote their residency by investment by investment programs as convenient, low-admin investment products enabling applicants to gain the right to settle in a country without obligating them to actually up sticks and relocate – hence these informally being referred to as “Plan B” emigration solutions.

These programs are typically attractive to individuals or families with concerns about the social, economic, political or environmental stability levels in their country of origins.

While formerly clients would fall into either the second residency or citizenship categories, recent global events and the Covid-19 pandemic, in particular, has seen a converge in terms of these client requirements. In addition, education and eventual employment opportunities for the children of so-called economic migrants is frequently cited as motivating factors.