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Portuguese Golden Visa may change next year
According to the Agency for Investment Trade Portugal, the Portuguese government is going to carry on the changes on the Golden Visa programme announced in February and postponed due to the coronavirus. New changes in law will come into effect from 2021. Those changes want to restrict the Golden Visa in the cities of Porto and Lisbon and promote investment in other…
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Spain issued more than 35.000 Golden Visa since 2013
According to the Spanish Government, Spain has issued 35.422 Golden Visa since 2013 earning € 6.500 million. If we take a look on the number of permits granted based on nationality, the Chinese were the first, followed by Indian and Russian. This data demonstrates that Spanish Golden Visa is one of the most popular and attractive programs all over Europe, and the main question is, why? Why should you…
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Golden Visa demand increases during the coronavirus crisis
Due to the pandemic crisis, countries are not given visa tourist temporarily. This means that international investors cannot travel to other countries. However, the demand of Golden Visas has increased during last months, because residence visa grants the free movement throughout the Schengen area. At the moment, many countries in Europe are offering Golden Visa (Spain, Greece, Portugal, Switzerland, UK, Malta, Germany, Ireland,…
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EU-wide coordination about measures to restrict the free movement of citizens
Normally, European citizens have the right to move and reside freely within the EU. However, and due to the coronavirus, all the states adopted measures, some of which have had an impact directly on free movement, to fight against the spread of the virus. The main problem of this actions is that each country has took their own measures, different from other…
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Cyprus suspends the Golden Visa programme
Cyprus’s government has announced the suspension of its Golden Visa programme, which will be put on an end on November 1 indefinitely. This decision comes after an investigation report by Al Jazeera ‘The Cyprus Papers’, which demonstrate that many politicians gave the visa residence to non-EU citizens with criminal record. According to this report, thirty persons who benefit from…