Golden Visa for Finland

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jaynor
Posts: 2
Joined: Sun Oct 18, 2020 10:54 am

Golden Visa for Finland

Post by jaynor » Fri Oct 30, 2020 12:18 pm

Is there any golden VISA programs available for Finland ?



Golden Visa for Finland

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FinlandGirl
Posts: 524
Joined: Sat Nov 09, 2019 10:43 am

Re: Golden Visa for Finland

Post by FinlandGirl » Fri Oct 30, 2020 7:12 pm

jaynor wrote:
Fri Oct 30, 2020 12:18 pm
Is there any golden VISA programs available for Finland ?
No.

betelgeuse
Posts: 3661
Joined: Thu Aug 29, 2013 1:24 am

Re: Golden Visa for Finland

Post by betelgeuse » Fri Oct 30, 2020 9:37 pm

jaynor wrote:
Fri Oct 30, 2020 12:18 pm
Is there any golden VISA programs available for Finland ?
If one qualifies for a golden VISA elsewhere, one can consider the entrepreneur residence permit route. Often golden visas involve real estate, and one can setup a real estate investment company for the entrepreneur permit.

FinlandGirl
Posts: 524
Joined: Sat Nov 09, 2019 10:43 am

Re: Golden Visa for Finland

Post by FinlandGirl » Sat Oct 31, 2020 8:42 pm

betelgeuse wrote:
Fri Oct 30, 2020 9:37 pm
jaynor wrote:
Fri Oct 30, 2020 12:18 pm
Is there any golden VISA programs available for Finland ?
If one qualifies for a golden VISA elsewhere, one can consider the entrepreneur residence permit route. Often golden visas involve real estate, and one can setup a real estate investment company for the entrepreneur permit.
Golden visas are typically available for real estate investments as little as a few 100k Euro, if you can afford a mortgage-free apartment or house in Finland you would qualify for a residence permit in some other EU countries if you buy your home there instead.

Trying to open a real estate investment company with such a tiny amount of money and then claiming to be an entrepreneur due to owning one house in Finland would be laughable.

There are ways to get a residence permit with a six digit investment as basis, but the easy golden visa way of getting a residence permit just by doing a mortgage-free buy of a house for yourself for half a million Euro does not exist in Finland.

betelgeuse
Posts: 3661
Joined: Thu Aug 29, 2013 1:24 am

Re: Golden Visa for Finland

Post by betelgeuse » Sun Nov 01, 2020 2:18 pm

FinlandGirl wrote:
Sat Oct 31, 2020 8:42 pm
betelgeuse wrote:
Fri Oct 30, 2020 9:37 pm
jaynor wrote:
Fri Oct 30, 2020 12:18 pm
Is there any golden VISA programs available for Finland ?
If one qualifies for a golden VISA elsewhere, one can consider the entrepreneur residence permit route. Often golden visas involve real estate, and one can setup a real estate investment company for the entrepreneur permit.
Golden visas are typically available for real estate investments as little as a few 100k Euro, if you can afford a mortgage-free apartment or house in Finland you would qualify for a residence permit in some other EU countries if you buy your home there instead.
100k would be pushing the needed rate of return. However, 200k would be relatively straightforward.
FinlandGirl wrote:
Sat Oct 31, 2020 8:42 pm
Trying to open a real estate investment company with such a tiny amount of money and then claiming to be an entrepreneur due to owning one house in Finland would be laughable.

There are ways to get a residence permit with a six digit investment as basis, but the easy golden visa way of getting a residence permit just by doing a mortgage-free buy of a house for yourself for half a million Euro does not exist in Finland.
Investing in a single house would be silly in terms of diversification and returns. However, what would be the legal basis for denying the residence permit when there's enough revenue?

FinlandGirl
Posts: 524
Joined: Sat Nov 09, 2019 10:43 am

Re: Golden Visa for Finland

Post by FinlandGirl » Sun Nov 01, 2020 5:58 pm

betelgeuse wrote:
Sun Nov 01, 2020 2:18 pm
FinlandGirl wrote:
Sat Oct 31, 2020 8:42 pm
betelgeuse wrote:
Fri Oct 30, 2020 9:37 pm


If one qualifies for a golden VISA elsewhere, one can consider the entrepreneur residence permit route. Often golden visas involve real estate, and one can setup a real estate investment company for the entrepreneur permit.
Golden visas are typically available for real estate investments as little as a few 100k Euro, if you can afford a mortgage-free apartment or house in Finland you would qualify for a residence permit in some other EU countries if you buy your home there instead.
100k would be pushing the needed rate of return. However, 200k would be relatively straightforward.
That's absurd.

In the current zero-interest environment, a investment that guarantees you 10% annual profit is usually a fraud.
betelgeuse wrote:
Sun Nov 01, 2020 2:18 pm
FinlandGirl wrote:
Sat Oct 31, 2020 8:42 pm
Trying to open a real estate investment company with such a tiny amount of money and then claiming to be an entrepreneur due to owning one house in Finland would be laughable.

There are ways to get a residence permit with a six digit investment as basis, but the easy golden visa way of getting a residence permit just by doing a mortgage-free buy of a house for yourself for half a million Euro does not exist in Finland.
Investing in a single house would be silly in terms of diversification and returns. However, what would be the legal basis for denying the residence permit when there's enough revenue?
You also have to work in the company, otherwise there is no reason why you need a residence permit.

betelgeuse
Posts: 3661
Joined: Thu Aug 29, 2013 1:24 am

Re: Golden Visa for Finland

Post by betelgeuse » Sun Nov 01, 2020 6:07 pm

FinlandGirl wrote:
Sun Nov 01, 2020 5:58 pm
betelgeuse wrote:
Sun Nov 01, 2020 2:18 pm
FinlandGirl wrote:
Sat Oct 31, 2020 8:42 pm


Golden visas are typically available for real estate investments as little as a few 100k Euro, if you can afford a mortgage-free apartment or house in Finland you would qualify for a residence permit in some other EU countries if you buy your home there instead.
100k would be pushing the needed rate of return. However, 200k would be relatively straightforward.
That's absurd.

In the current zero-interest environment, a investment that guarantees you 10% annual profit is usually a fraud.
There's no requirement for the returns to be guaranteed. With leverage, one can push the returns on equity over 10%.

FinlandGirl
Posts: 524
Joined: Sat Nov 09, 2019 10:43 am

Re: Golden Visa for Finland

Post by FinlandGirl » Sun Nov 01, 2020 6:25 pm

betelgeuse wrote:
Sun Nov 01, 2020 6:07 pm
FinlandGirl wrote:
Sun Nov 01, 2020 5:58 pm
betelgeuse wrote:
Sun Nov 01, 2020 2:18 pm


100k would be pushing the needed rate of return. However, 200k would be relatively straightforward.
That's absurd.

In the current zero-interest environment, a investment that guarantees you 10% annual profit is usually a fraud.
There's no requirement for the returns to be guaranteed. With leverage, one can push the returns on equity over 10%.
Sure, if you are in a position where you access to this leverage.

With 200k in cash and no other regular income you won't get the much credit from a bank, or any other affordable creditor.

betelgeuse
Posts: 3661
Joined: Thu Aug 29, 2013 1:24 am

Re: Golden Visa for Finland

Post by betelgeuse » Sun Nov 01, 2020 6:37 pm

FinlandGirl wrote:
Sun Nov 01, 2020 6:25 pm
Sure, if you are in a position where you access to this leverage.

With 200k in cash and no other regular income you won't get the much credit from a bank, or any other affordable creditor.
There are no checks, if you use housing company loans.

FinlandGirl
Posts: 524
Joined: Sat Nov 09, 2019 10:43 am

Re: Golden Visa for Finland

Post by FinlandGirl » Sun Nov 01, 2020 7:30 pm

betelgeuse wrote:
Sun Nov 01, 2020 6:37 pm
FinlandGirl wrote:
Sun Nov 01, 2020 6:25 pm
Sure, if you are in a position where you access to this leverage.

With 200k in cash and no other regular income you won't get the much credit from a bank, or any other affordable creditor.
There are no checks, if you use housing company loans.
I doubt trying to get 10% annual profit on your investment by running a company that invests in housing company shares is a realistic proposition.

And I also doubt that ELY would certify that owning the company buying these shares would be considered working in the company.

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mrjimsfc
Posts: 1942
Joined: Fri Mar 19, 2004 7:18 pm
Location: Western USA

Re: Golden Visa for Finland

Post by mrjimsfc » Tue Nov 03, 2020 1:02 am

So, what I'm getting from this discussion is, if someone is stinking rich (like any politician in the world), that person can get a golden visa no questions asked. So typical! It's all about money! :-x :-x
Socialism has never managed to create anything beyond corpses, poverty and oppression.

betelgeuse
Posts: 3661
Joined: Thu Aug 29, 2013 1:24 am

Re: Golden Visa for Finland

Post by betelgeuse » Tue Nov 03, 2020 3:03 am

mrjimsfc wrote:
Tue Nov 03, 2020 1:02 am
So, what I'm getting from this discussion is, if someone is stinking rich (like any politician in the world), that person can get a golden visa no questions asked. So typical! It's all about money! :-x :-x
That’s not the case. Money doesn’t, for example, free you from criminal history requirements.


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