Greek authorities have decided to postpone the increase in the minimum investment amount for the Golden Visa Program in certain areas of the country by three months. This means that wealthy foreign nationals can still participate in Greece’s Golden Visa Program by investing €250,000 instead of €500,000 until July 31.
After a successful decade of Portugal’s Golden Visa scheme, the government has confirmed its termination. The scheme brought in billions of growth for the national economy, but the Portuguese Prime Minister, António Costa, believes that no special regime justifies the golden visa. As of February 16, new applications for golden
Despite the minimum investment threshold for the Golden Visa Program in certain regions of the nation being raised from €250,000 to €500,000, Greece is observing a considerable influx of applications from affluent foreigners. As per data released by the Ministry of Immigration and Asylum, there has been a striking 252
The regulation of foreign direct investment (FDI) is gaining more significance in the field of investor regulations. While FDI restrictions are on the rise globally, the extent and characteristics of these regulations differ greatly across jurisdictions. In the following sections, we will outline the key elements of FDI regulation in
Portugal and Ireland recently made an announcement regarding the cessation of their “golden visa” initiatives. Armand Arton, the CEO of Arton Capital, believes that this decision represents a missed financial opportunity. Instead, he proposes that countries modify the investment requirements to cater to the interests of local residents. Armand Arton,
Three investors had their Cypriot citizenships revoked. Additionally, the passports of the individuals’ wives and children were also taken away, according to government spokesperson Konstantinos Letymbiotis. This action was taken following a thorough investigation conducted by the government. In the same cabinet session, a bill for 2023 was approved. This
Essential Information for Applying to Austria’s Residence by Investment Programs Austria has witnessed a surge in immigration interest, with a threefold increase in residency permit applications over the past five years. The Golden Visa, an investment-based residency visa, has been specifically designed to attract affluent foreign individuals seeking European opportunities
Only 136 residence permits have been issued on the basis of a real estate investment in Spain in 2022, which is 72 per cent lower than the 497 visas issued by the Spanish consulates worldwide a year before, in 2021. Data provided by the Ministry of Foreign Affairs to Spanish
Albania’s Golden Passport Program, warned previously by Prime Minister Edi Rama, may remain an unimplemented plan after the country has officially suspended this scheme. During the European Union (EU)-Albania Stabilization and Association Council meeting, Albania’s PM confirmed that the much-criticized scheme would not become effective in the near future, SchengenVisaInfo.com reports. Rama
Matthew Collin, David Szakonyi, and Florian M. Hollenbach Leading up to the Russian invasion of Ukraine, the U.K.’s real estate sector had built up an unsavory reputation for being a great place to stash your illicit cash. Government risk assessments repeatedly flagged the sector as being a high risk for financial crime, in part
