Golden Visas allow for foreigners to obtain a residency permit for a country by purchasing a house there or making a large investment or donation. Golden Passports also allow foreigners to gain citizenship to a country by investment, but are not the same thing. Applicants must be over the age of 18 with a clean criminal record and prove they have the funds to make such an investment. Foreigners are keen to gain residency in a country that is part of the EU due to all the benefits it has, like free movement between countries. The amount of money that needs to be invested depends on the country.
What is a Golden Visa?