Why Portugal Will Rebound Far Better From the Crisis Than Competing RCBI Programs
Portugal handled the crisis better than most of its peers and are seeing its golden visa program soar in popularity as a consequence.
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Europe
Reactions to MIIP Changes Mostly Positive, But Concerns Raised About Property Minimums
On the whole, reactions to the MIIP’s changes were positive, though the doubling of the property investment minimum has raised some eyebrows.
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Sweeping Makeover for Malta IIP: Property Investment Doubled, Up to 3 Years Residency
Malta’s IIP is in for a major overhaul in September, with comprehensive changes to the contribution, real estate, and residency requirements.
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Stakeholders Lobby for €250,000 Spanish Golden Visa as Investment Slumps
“We have proposed to the Government to halve the amount of investment in housing,” says the head of the country’s developers’ association.
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First Montenegro CIP Investor Collects Passport
Two companies claim the title to “first successful Montenegro CIP citizenship application”. Who is right? It’s complicated.
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Moldova Repeals CBI-Law: “We Are Obviously Disappointed,” Say Henley & Partners
“We are obviously disappointed with the decision,” said the concessionaire. “We signed an agreement in good faith.”
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Cyprus Govt. Approves New CIP Regulations to Render Program Beyond Reproach
The subject of criticism from EU institutions for years, Cyprus is putting in place new regulations it hopes will leave it well-nigh unimpeachable.
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Historic Comeback for Portugal Golden Visa: May 2020 Best Month on Record
Back with a vengeance: May approvals alone exceeded those of the preceding four months combined as the program raised a historic EUR 147 million.
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Malta IIP Agency Issues Deadline for Applications to Be Considered Before New Regulations
It remains to be seen whether the new rules will be ready in time to prevent a gap between the first and second versions of the MIIP.
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Pandemic Has Robbed Greek and Portuguese Golden Visas of Nearly EUR 300 Million So Far
Greece and Portugal’s golden visa programs have missed out on 800 applications and investment equivalent to a small country’s GDP due to the pandemic.
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Italy Halves Minimum Investment of “La Dolce Visa” to EUR 250,000 – But Will Investors Bite?
The new minimum places Italy’s investment low end of the cost-spectrum among European golden visas but also calls for a much higher level of risk tolerance.
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UK Tier 1 Investment Falls to 4-year Low in Q1: “UK Could Lose £350m” If University Classes Move Online
“The UK could lose over £350m of foreign direct investment if universities move classes online during the next academic year,” Farzin Yazdi estimates.
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Weak Q3 Expected for Greek Golden Visa, But Flurry of Reforms May Bring a Roaring Q4
The government is heeding the advice of practitioners and speeding up golden visa processing. Their zeal, unfortunately, isn’t matched by local authorities.
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Greek Amendments to Reduce Golden Visa Investment Risk, Demand Physical Presence for FIP-Visas
In practice, the changes enable investors to pay for the property from abroad, rather than by first opening a Greek bank account, without excess risk.
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Will The Crisis Lead Portugal to Scrap its Golden Visa Price Increase Plans?
“In the aftermath of coronavirus, in my opinion, the amendments to the golden visa program will never take place as planned,” says Dr. Gali Macedo.
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Investment in Portugal’s Golden Visa Stable Despite Pandemic, Interest in VC-Option Gathers Steam
What pandemic? Even during the worst month of the COVID-19 outbreak, Portugal’s golden visa program raised more than EUR 28 million, fresh figures show.
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As Malta Plans to Renew the IIP in 2020, Which Changes Should We Expect?
Changes to the structure and minimum amounts of the real estate and bond investments, as well as the contribution, are likely, writes Andres Gutierrez.
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Two More Projects Approved For Montenegro CIP, Also These in Ski-Town Kolašin
So far, five out of the six approved projects are located in the country’s north, where minimum investment requirements for the CIP are considerably lower.
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Greece to “Jump-Start” Golden Visa Program, Allow Investors to Apply by Proxy
“To accelerate the course of growth in the coming months, we will seek to lift the bureaucratic obstacles that currently exist in the property market.”
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Malta to Tap Citizenship Funds for COVID-19 Response After All
Malta will use more of its MIIP-income to respond to COVID-19. But, as the pandemic limits application volumes, will the policy change make any difference?
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