The Spanish government is pushing for scrapping of golden visa program which allows foreigners buying real estate to secure a golden visa in Spain. Since the law was passed in 2013, about 14,576 golden visas linked to real estate investments have been granted, mostly to citizens from China, Russia, the United Kingdom, the United States, Ukraine, Iran, Venezuela and Mexico.…
Germany has made landmark changes to citizenship conditions for foreigners applying for citizenship in Germany and most importantly relaxing rules for immigrants. The Landmark citizenship reforms, set to come into play from June 27, 2024. The naturalisation rate in Germany currently at 1.1 percent, is below the EU average of 2.0 percent and the new reforms are expected to improve this…
Hungary has announced big changes to the golden visa program for foreign property buyers, investing in Hungary. According to the new rules, only properties worth atleast 500,000 euros bought AFTER Jan 1, 2025 will be eligible for golden visa residence permit in Hungary. Start Date The Hungary golden visa program, although officially starts from July 1, 2024. Only real estate…
The Australian Government will be closing down all categories of business innovation and investment visas from July 2024, according to the latest announcement. This includes so called Investor stream (golden visas) attracting wealthy investors to Australia. “We will close the BIIP permanently from July 2024. We will not accept any new applications for the Business Innovation and Investment (Provisional) (subclass…
The Caribbean countries which offer Citizenship By Investment Programmes are moving with alacrity to implement the Memorandum of Agreement (MOA). The purpose of the Memorandum of Agreement is to provide a framework for mutual assistance and cooperation in vetting to ensure only legitimate and qualified applicants are admitted and information sharing among the five OECS Member States in relation…
We assist clients with last minute applications for Saint Lucia citizenship by investment programme (CIP) with the current $100,000 investment. The Minimum investment is expected to double to $200,000 from July 1. As time is very limited, clients can still apply for St.Lucia CIP. To assist with the rush applications, only the following documents needed to be submitted initially for…
The Government of Saint Lucia officially announced, that it has decided to sign the Memorandum of Agreement (MOA), with OECS CIP countries, to harmonize pricing, common standards and regulations, in strengthening citizenship by investment schemes in the Caribbean, amidst international pressure and underselling scandal. All five caribbean countries will set the minimum investment to USD 200,000 (up from $100k), as…
IRS frequently publishes list of banks and financial institutions in Portugal, with a Global Intermediary Identification Number (GIIN), in accordance with FATCA regulations. The following banks are FATCA compliant, for golden visa purpose, might be use for americans and expats investing in Portugal. Top Banks in Portugal The following are the popular banks among foreigners and expats to open a…
Portugal is still a very good golden visa scheme in Europe despite, closure of all real estate investments, after new rules implemented since Oct 2023. Wealthy families can now invest in VC investment fund to secure a golden visa in Portugal. We now offer very good investment fund with minimum investment of 500,000 euros, eligible for Portugal GV, under the current…
The Government of India has opened ‘Indian golden visa’ (permanent residency) scheme in 2016, to attract foreign investment to India. This scheme is unknown to many foreign investors because this scheme, is not marketed or promoted widely, who are keen to invest in India to make the country a global investment destination for foreign capital. Launch The announcement made in…
