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Europe

Europe Policy Updates 

New Portugal Golden Visa Rules to Take Effect Within Days Following Promulgation Last Night

October 1, 2023October 1, 2023 Christian Henrik Nesheim club, europe, golden visa, mais habitacao, policy updates, portugal, residence by investment

Out of veto options, Portugal’s President last night finally signed the new housing bill into law, enacting the new golden visa rules.

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Europe Policy Updates 

Netherlands Investor Visa Ends Tomorrow After Only 10 Approvals in 10 Years

September 30, 2023September 30, 2023 Christian Henrik Nesheim club, europe, golden visa, netherlands, policy updates, residence by investment

The State Secretary said the decision was motivated by “the minimal use of the scheme,” along with “the critical discussion” in the EU.

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Europe Intel & Data 

Portugal Golden Visa Approval Volume in August Slowest in 2 Years as Government Goes on Holiday Mode

September 11, 2023September 11, 2023 Christian Henrik Nesheim club, data, europe, golden visa, portugal, residence by investment, statistics

The SEF tackled only about 0.8% of its backlog of unprocessed applications in August. Meanwhile, hundreds of new applications piled up.

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Europe Intel & Data 

Greek Golden Visa Raising €200m+ a Month: Backlog Has Tripled in One Year

August 23, 2023August 23, 2023 Christian Henrik Nesheim club, data, europe, golden visa, greece, greek, residence by investment, statistics

While application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.

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Europe Policy Updates 

Portuguese Golden Visa Reforms Postponed Until September as President Vetoes “More Housing” Bill

August 21, 2023August 21, 2023 Christian Henrik Nesheim club, europe, golden visa, mais habitacao, policy updates, portugal, residence by investment

Parliament is likely to finally push through legislation next month, at which point golden visa real estate investment will be off the table.

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Europe Intel & Data 

Portugal Golden Visa Eyes Record Year as Approvals in 2023 Already Approach 1,000

August 11, 2023August 11, 2023 Christian Henrik Nesheim data, europe, golden visa, portugal, residence by investment, statistics

By the end of the 7th month of 2023, the SEF had approved 962 golden visas, already significantly more than the 865 approved in all of 2021.

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Europe Intel & Data 

Italy Suspends Russians, Belarusians from “Dolce Visa” Following Record Year

August 9, 2023August 9, 2023 Christian Henrik Nesheim club, data, europe, golden visa, policy updates, residence by investment, russians, statistics

After becoming the program’s number one applicant nationality last year, Russians are now excluded from Italy’s “Dolce Visa” program.

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Europe 

Italy’s Representative Office Visa: The No-Investment, No-Presence Path to Italian Residency

August 4, 2023August 4, 2023 Nicolò Bolla club, europe, italy, representative office visa

Italian tax advisor and immigration specialist Nicoló Bolla introduces a little-known but highly flexible path to residency in Italy.

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Europe Policy Updates 

Portuguese Parliament Okays Housing Bill in Final Vote: Q&A On What Happens Next for Golden Visa Investors

July 19, 2023July 19, 2023 Ines Costa Moura club, europe, golden visa, mais habitacao, policy updates, portugal, residence by investment

All that remains for the golden visa changes to take effect is promulgation by the President. Here are answers to your questions about the golden visa’s future.

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Europe Intel & Data 

Portugal’s €4bn Golden Visa Backlog Would Take Until 2030 to Finish Processing, Insider Reveals

July 11, 2023July 12, 2023 Christian Henrik Nesheim club, data, europe, golden visa, pedro catao pinheiro, portugal, residence by investment, statistics

A source at the SEF says the agency has 7,802 pending applications. At current rates, processing these will take 6.8 years.

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Europe Intel & Data 

Jersey Acknowledges the Rich Are “Highly Mobile” as it Considers Whether to Charge More for HVR Program

July 10, 2023July 11, 2023 Christian Henrik Nesheim club, data, europe, independent means visas, jersey, policy updates, statistics

Jersey has raised billions from its low-tax HVR program. Now, deputies debate whether asking wealthy residents for more will scare them away.

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Europe Intel & Data 

Greek Golden Visa Has Backlog Worth €1.5 Billion as Applications Surge Ahead of Price-Hike

July 4, 2023July 4, 2023 Christian Henrik Nesheim club, data, europe, golden visa, greece, residence by investment, statistics

Greece’s backlog now numbers nearly 16,000 (about 5,000 main applicants), which, when converted to golden visas, will net billions for Greece.

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Europe 

Portugal Citizenship Requests Surge by 37% in 2022 as Foreign Population Approaches 800,000

June 28, 2023June 28, 2023 Christian Henrik Nesheim azevedo, citizenship, club, portugal

Requests for Portuguese nationality rose 37% to an all-time high of 74,506 in 2022. Authorities approved 98.6% of citizenship applications.

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Europe 

UK Supreme Court Overturns Ruling in UK Tier 1 Case: Maxwell Holding’s Contingent Financing Not Compliant

June 23, 2023June 23, 2023 Christian Henrik Nesheim court, europe, golden visa, investor visa, residence by investment, uk, uk tier 1, united kingdom

The UK Supreme Court settles a nearly four-year-old legal dispute over self-serving UK Tier 1 investment structures.

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Europe Policy Updates 

Portugal Govt. Proposes to Keep Golden Visa After All, Eliminating Only Real Estate, Capital Transfer Options

June 20, 2023June 20, 2023 Christian Henrik Nesheim europe, golden visa, madalena monteiro, policy updates, portugal, residence by investment, vanessa rodrigues lima

The same governing party that introduced the bill to end the golden visa in the first place is now proposing to keep most of the program.

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Europe 

Serbian Govt. Proposes Law to Grant Citizenship After Just 12 Months of Residency

June 13, 2023June 13, 2023 Christian Henrik Nesheim club, europe, policy updates, serbia

The government of Serbia, an EU candidate, wants to give immigrants and refugees citizenship after just a year of living in the country.

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Europe Intel & Data 

Portugal Golden Visa on Track for Record Year: Approvals Hit 3-Year High in May, Buoyed by British Investors

June 9, 2023June 9, 2023 Christian Henrik Nesheim club, data, europe, golden visa, jerry morgan, mercan, portugal, residence by investment, statistics

Jerry Morgan of Mercan, the PGV’s biggest developer, says it’s been a “traumatic” year but that he’s “cautiously optimistic” about the future.

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Europe Intel & Data 

3,127 Ireland IIP Applications Worth €2.12 Billion Pending After Torrent of Last-Minute Filings

May 27, 2023May 27, 2023 Ahmad Abbas club, data, europe, golden visa, ireland, ireland immigrant investor programme, irish, residence by investment, statistics

The government indicated the sharply rising application volumes had become “unmanageable” and had informed the decision to close the scheme.

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Europe Intel & Data 

Portugal Approves 12,000th Golden Visa as Total Investment Approaches EUR 7 Billion

May 9, 2023May 9, 2023 Christian Henrik Nesheim club, data, europe, golden visa, portugal, residence by investment, statistics

British investors are becoming more numerous and have now appeared in the monthly top-five nationalities list for 6 of the last 8 months.

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Europe 

Spanish Govt. Mulls Whether to Raise Golden Visa Real Estate Minimums or Disqualify Property Investments Altogether

May 8, 2023June 22, 2023 Christian Henrik Nesheim club, europe, golden visa, politics, residence by investment, spain

Sources say the government is considering two options: Higher real estate investment minimums, or no real estate option at all.

Read more
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