1. What is the minimum investment required for the Golden Visa program in Lithuania?

The minimum investment required for the Golden Visa program in Lithuania is €250,000 in real estate, either through outright purchase or through a long-term lease. This investment must be made in a property located within Lithuania, and it is important to note that the property investment serves as the primary avenue to qualify for residency through the Golden Visa program in Lithuania. Additionally, applicants must meet all other program requirements, including maintaining the investment for a specified period and demonstrating the legal source of funds for the investment.

2. What are the benefits of obtaining residency through investment in Lithuania?

Obtaining residency through investment in Lithuania offers several benefits. Firstly, it provides a pathway for individuals and families to live, work, study, and travel freely within the Schengen Zone, which consists of 26 European countries. This allows for greater mobility and access to opportunities within the European Union. Secondly, Lithuania’s Golden Visa program requires a relatively low investment compared to other European countries, with the option to invest in real estate or business projects. Additionally, residency in Lithuania can lead to eventual citizenship after meeting certain requirements, such as language proficiency and a period of continuous residency. This can grant individuals the rights and privileges enjoyed by Lithuanian citizens, including access to healthcare and education.

3. Can family members also obtain residency through the Golden Visa program?

Yes, family members can typically obtain residency through the Golden Visa program. The specifics can vary depending on the country offering the program, but in general, many Golden Visa programs allow for spouses, children, and sometimes even parents to apply for residency alongside the main applicant. Family members usually need to meet certain criteria and submit the required documentation as part of the application process. It is important to carefully review the eligibility requirements for family members set by the specific program you are interested in to ensure a smooth application process.

4. Are there any language requirements for applicants of the Golden Visa program in Lithuania?

Yes, there are language requirements for applicants of the Golden Visa program in Lithuania. Specifically, individuals applying for the Lithuanian Golden Visa program must demonstrate proficiency in the Lithuanian language. This requirement is in place to ensure that applicants can integrate effectively into Lithuanian society and participate fully in social and professional activities. Language proficiency can typically be proven through language exams or certificates, and applicants may need to provide evidence of their language skills as part of their visa application package. It is important for potential applicants to familiarize themselves with the specific language requirements set by the Lithuanian government to ensure a successful application process.

5. What are the investment options available for the Golden Visa program in Lithuania?

In Lithuania, the Golden Visa program offers several investment options for obtaining residency:

1. Real Estate Investment: One of the popular choices is investing in real estate, with a minimum investment of €250,000 in a property located in Lithuania.

2. Business Investment: Investors can choose to invest in a Lithuanian company, starting at a minimum amount of €100,000.

3. Government Bonds: Another option is to invest at least €500,000 in Lithuanian government bonds, providing a pathway to residency.

4. Capital Investment Funds: Investors can also opt to invest in venture capital or private equity funds operating in Lithuania, with a minimum investment of €280,000.

5. Bank Deposit: Alternatively, applicants can deposit at least €1 million in a Lithuanian bank for a specified period to qualify for the Golden Visa program.

These are the main investment options available for the Golden Visa program in Lithuania, providing flexibility for investors to choose the option that best fits their financial objectives and circumstances.

6. How long does it take to process a residency application through the Golden Visa program in Lithuania?

The processing time for a residency application through the Golden Visa program in Lithuania typically ranges from four to six months. This time frame includes the submission of all required documents, background checks, and the approval process by the relevant authorities. It is important to note that actual processing times may vary depending on individual circumstances, the volume of applications being processed, and any additional requirements that may apply to a specific case. Applicants should ensure they have all the necessary documentation and meet the eligibility criteria to help expedite the processing of their residency application.

7. Is it possible to qualify for permanent residency or citizenship through the Golden Visa program in Lithuania?

Yes, it is possible to qualify for permanent residency and eventually citizenship through the Golden Visa program in Lithuania. Here is an overview of the process:

1. Golden Visa Program in Lithuania: Lithuania offers a Golden Visa program to non-EU nationals who make a significant investment in the country. By investing in real estate, government bonds, or a business in Lithuania, individuals can obtain a temporary residence permit, commonly known as a Golden Visa.

2. Path to Permanent Residency: After holding a temporary residence permit for a specified period, typically five years, investors may be eligible to apply for permanent residency in Lithuania. This can lead to long-term residency rights in the country.

3. Citizenship Eligibility: Holding permanent residency in Lithuania for a certain number of years (usually seven years) allows individuals to apply for Lithuanian citizenship through naturalization. Successful applicants must demonstrate their integration into Lithuanian society, proficiency in the Lithuanian language, and pass a citizenship test.

4. Benefits of Citizenship: Lithuanian citizenship offers several benefits, including the right to live and work in Lithuania and other EU countries, access to social benefits, and the ability to vote in Lithuanian elections.

In conclusion, the Golden Visa program in Lithuania provides a pathway for investors to obtain permanent residency and potentially citizenship in the country, offering a range of benefits for those looking to establish a long-term presence in Lithuania and the European Union.

8. What is the validity period of the residency permit obtained through the Golden Visa program in Lithuania?

The residency permit obtained through the Golden Visa program in Lithuania is initially granted for a period of one year. Subsequently, the permit can be renewed for two-year periods, as long as the requirements of the program are maintained by the investor. This means that investors can hold their residency permit for multiple years, provided they continue to meet the investment and other criteria outlined in the program. Additionally, after a certain number of years holding the permit, investors may be eligible to apply for permanent residency or even citizenship in Lithuania, depending on the specific provisions of the program and compliance with the relevant regulations.

9. Are there any restrictions on the type of investments that can be made for the Golden Visa program in Lithuania?

Yes, in Lithuania, there are restrictions on the type of investments that can be made for the Golden Visa program. To obtain a Golden Visa in Lithuania, individuals must make a qualifying investment in the country. Currently, the eligible investment options include:
1. Investing at least 280,000 euros in new or existing Lithuanian companies and maintaining this investment for a specified period.
2. Investing at least 250,000 euros in a venture capital fund registered in Lithuania, and keeping this investment for a set duration.
3. Acquiring at least 500,000 euros worth of government bonds issued by Lithuania and holding on to this investment for a prescribed period.
4. Establishing a start-up company in Lithuania, contributing to the country’s economy, and fulfilling specific requirements to maintain the investment.
These restrictions ensure that individuals seeking residency through the Golden Visa program are making substantial and beneficial investments in the Lithuanian economy.

10. Are there any conditions that must be met after obtaining residency through the Golden Visa program in Lithuania?

Yes, there are certain conditions that must be met after obtaining residency through the Golden Visa program in Lithuania:

1. Residency Requirement: In order to maintain the residency status, individuals are required to spend a certain amount of time in Lithuania each year. The specific number of days may vary depending on the program.

2. Compliance with the Law: Golden Visa holders must adhere to the laws of Lithuania and not engage in any criminal activities during their stay in the country.

3. Renewal of Permit: The residency permit obtained through the Golden Visa program is typically valid for a certain period of time, after which it must be renewed. This may involve meeting certain financial or other requirements.

4. Investment Requirements: Some Golden Visa programs require individuals to maintain their investment in Lithuania for a specified period of time, and failing to do so may jeopardize their residency status.

5. Notification of Changes: Any changes in personal information, such as address or marital status, must be promptly reported to the Lithuanian authorities.

6. Family Member Status: If family members were included in the initial residency application, their status and compliance with program requirements must also be maintained.

It is essential for individuals who have obtained residency through the Golden Visa program in Lithuania to stay informed about the specific requirements and obligations to ensure they remain in good standing and do not risk losing their residency status.

11. Are there any additional fees or costs associated with the Golden Visa program in Lithuania?

Yes, there are various additional fees and costs associated with the Golden Visa program in Lithuania. Some of these may include:

1. Application Fees: There are processing fees associated with submitting an application for the program.
2. Investment Requirements: In order to qualify for the program, applicants must make a specified investment in Lithuania, which can vary depending on the type of investment chosen.
3. Legal and Administrative Fees: Applicants may need to engage legal or administrative services to help with the application process, which can incur additional costs.
4. Renewal Fees: Once granted, residency permits may need to be renewed periodically, with associated fees for this process.
5. Health Insurance: Some programs require applicants to have sufficient health insurance coverage, which can be an additional ongoing cost.
6. Language Proficiency Tests: Depending on the program, applicants may need to demonstrate a certain level of proficiency in the Lithuanian language, which may involve costs for language lessons or examination fees.

It is important for potential applicants to carefully consider and budget for these additional fees and costs when planning to participate in the Golden Visa program in Lithuania.

12. Is it necessary to reside in Lithuania for a certain period of time to maintain residency obtained through the Golden Visa program?

Yes, to maintain residency obtained through Lithuania’s Golden Visa program, individuals are required to reside in the country for a certain period of time. In the case of Lithuania’s program, residents are typically required to stay in the country for at least 6 months per year to maintain their residency status. This requirement ensures that individuals actively contribute to the local economy and community, as well as comply with the program’s regulations. Failure to meet the residency requirements may result in the revocation of residency status under the Golden Visa program. It is essential for participants to familiarize themselves with the specific residency regulations and obligations set out by the Lithuanian authorities to safeguard their residency status in the country.

13. Are there any tax implications for individuals participating in the Golden Visa program in Lithuania?

Yes, there are tax implications for individuals participating in the Golden Visa program in Lithuania. Here are some key points to consider:

1. Residence status: Individuals obtaining residency through the Golden Visa program in Lithuania may be subject to Lithuanian tax laws based on their residency status. Non-resident individuals typically pay taxes on their Lithuanian-sourced income, while residents are subject to taxation on their worldwide income.

2. Wealth and property taxes: Property ownership in Lithuania may trigger taxes such as property tax and wealth tax, depending on the value of the property owned by the individual.

3. Capital gains tax: Individuals in Lithuania are generally required to pay capital gains tax on the profit generated from the sale of assets, including real estate, securities, or other investments.

4. Inheritance and gift tax: Lithuania has inheritance and gift tax regulations that may apply to individuals who receive assets through inheritance or gifts while residing in the country.

It is advisable for individuals considering the Golden Visa program in Lithuania to consult with tax advisors or legal experts to understand the specific tax implications based on their individual circumstances and to ensure compliance with Lithuanian tax laws.

14. Can I include dependent children in my residency application through the Golden Visa program in Lithuania?

Yes, you can include dependent children in your residency application through the Golden Visa program in Lithuania. The Lithuanian Golden Visa program allows investors to obtain residency permits for themselves and their dependent family members, including children. Dependent children typically refer to those under a certain age, such as 18 or 21, depending on the country’s regulations. In Lithuania, children under the age of 18 are considered dependent and can be included in the residency application. It is important to ensure that all required documentation for each dependent child is provided during the application process to be eligible for residency through the Golden Visa program in Lithuania.

15. How can I renew my residency permit obtained through the Golden Visa program in Lithuania?

To renew your residency permit obtained through the Golden Visa program in Lithuania, you typically need to follow these steps:

1. Keep track of the expiration date of your current residency permit to ensure you initiate the renewal process in a timely manner.
2. Prepare all required documents for renewal, which may include proof of accommodation, financial sustainability, health insurance, and a clean criminal record.
3. Submit the renewal application to the Lithuanian Migration Department before the expiration of your current permit.
4. Attend any scheduled interviews or appointments as part of the renewal process.
5. Pay any applicable fees associated with the renewal of your residency permit.

By adhering to these steps and fulfilling all necessary requirements, you can successfully renew your residency permit obtained through the Golden Visa program in Lithuania.

16. What are the rights and privileges granted to holders of the Golden Visa in Lithuania?

Holders of the Golden Visa in Lithuania, officially known as the National Visa D, enjoy several rights and privileges, including:

1. Residency Rights: Golden Visa holders are granted the right to reside in Lithuania for a specified period, usually one year initially, renewable upon meeting certain criteria.

2. Work Permission: Holders of the Golden Visa are allowed to work in Lithuania, either as employees or as self-employed individuals, subject to certain restrictions and requirements.

3. Visa-Free Travel: With the Golden Visa, individuals can travel freely within the Schengen area, which comprises 26 European countries, without the need for additional visas.

4. Access to Healthcare and Education: Golden Visa holders can access public healthcare services and enroll in educational institutions in Lithuania on par with residents.

5. Family Reunification: Family members of the Golden Visa holder, including spouse and children, can also apply for residency permits to join the main applicant in Lithuania.

Overall, the Golden Visa program in Lithuania offers significant benefits to individuals seeking residency in the country, providing a pathway to long-term residence and potential citizenship in the future.

17. Are there any specific requirements for proving the legality of the source of funds for the investment in Lithuania’s Golden Visa program?

Yes, there are specific requirements for proving the legality of the source of funds for investment in Lithuania’s Golden Visa program. Some of these requirements include:

1. Documented proof of the origin of the invested funds, such as bank statements, salary slips, business profits, etc.

2. Any income tax returns or financial statements that demonstrate the legal nature of the funds.

3. Declaration of the applicant regarding the lawfulness of the funds and their source.

4. If the funds are derived from the sale of assets, real estate, or inheritance, supporting legal documentation must be provided.

5. In some cases, a due diligence process may be conducted by the authorities to verify the source of funds, requiring additional documentation.

It is essential for applicants to ensure that they can provide clear and transparent evidence of the legality of their funds to comply with the stringent requirements of Lithuania’s Golden Visa program.

18. Can I apply for citizenship in Lithuania after obtaining residency through the Golden Visa program?

Yes, it is possible to apply for citizenship in Lithuania after obtaining residency through the Golden Visa program. However, there are certain conditions and requirements that need to be met in order to qualify for citizenship. These include:

1. Residency period: Generally, you must have maintained your residency in Lithuania for a minimum number of years before being eligible to apply for citizenship. The specific residency requirement may vary depending on individual circumstances and the paths to citizenship available in Lithuania.

2. Language and cultural knowledge: Applicants for Lithuanian citizenship are usually required to demonstrate proficiency in the Lithuanian language and have knowledge of the country’s history and culture.

3. Good conduct: Applicants must have a clean criminal record and be able to demonstrate good moral character in order to be considered for Lithuanian citizenship.

4. Financial stability: It may be necessary to show financial stability and resources to support yourself and any dependents as part of the citizenship application process.

Overall, while obtaining residency through Lithuania’s Golden Visa program can be a first step towards citizenship, it is important to be aware of and fulfill all the requirements set by the Lithuanian authorities before proceeding with a citizenship application.

19. Can I work or study in Lithuania with a residency permit obtained through the Golden Visa program?

Yes, with a residency permit obtained through Lithuania’s Golden Visa program, you are allowed to work and study in Lithuania. The residency permit allows you to reside in the country and engage in various activities, including employment and pursuing educational opportunities. This flexibility is one of the key benefits of the Golden Visa program, as it offers not only residency rights but also the ability to fully integrate into the society and economy of Lithuania. It is important to familiarize yourself with the specific regulations and requirements related to working and studying in Lithuania to ensure compliance with the local laws and to make the most of your residency permit.

20. Is it possible to sell the investment made for the Golden Visa program in Lithuania after obtaining residency?

Yes, it is possible to sell the investment made for the Golden Visa program in Lithuania after obtaining residency. In Lithuania’s Golden Visa program, individuals can typically obtain residency by making a specified investment in the country, such as purchasing real estate or investing in a business. Once the residency status is granted, individuals have the flexibility to sell their initial investment if they choose to do so. However, there may be certain conditions and requirements set by the Lithuanian government or immigration authorities that need to be met before selling the investment. It is advisable to consult with legal and financial advisors to ensure compliance with all regulations and procedures when selling the investment made for the Golden Visa program in Lithuania.